Give the digital and technological environment we are in today, software development is highly sought-after. Not only can it allow businesses to create user-generated software, but it also handles the engineering, design, and testing of potential new and innovative applications. This is why software developers are considered an asset for any company.
Since developers are often well-paid, many companies--especially small businesses--often try to stay within budget by finding cost-effective solutions for every development project. Thankfully, there is an effective and tried-and-true solution that many organizations turn to when seeking new talent: nearshore outsourcing.
When compared to offshore or onshore outsourcing, nearshore outsourcing is much simpler and can be a lot more advantageous. Along with sharing a common culture with the person or team you'll be working with, proximity to the geographic area means lower travel costs, less time zone differences, and better communication. The people you work with will likely speak the same language as you do, making it far more easy to discuss your projects and concerns with your outsourced team.
The advantages of working with a Nearshore Software Development Company
Three of the most common reasons why companies use nearshoring as a method to find a software development company:
Time Zone Shared Time Zone
Due to the differences in time zones, a lot of US firms face challenges working with software developers from Asia. Recent research has revealed that nearly a third of American companies outsourcing to India found the time difference of 10+ hours to be a significant issue.
The core team of an outsourcing software company works at times that are different from business hours that are normal in the US. This can lead to issues in the timely collaboration process and lead to decreases in effectiveness and efficiency.
On the other hand, software development outsource operates within the same time zone as your business. Software development methods like Scrum and Agile need that work hours coincide. Meetings in person can be easily scheduled. Project managers from the US don't have to bear the burden of a long trip to Asia if those they meet are just in South America or Latin America.
There are fewer barriers in terms of language and culture. Communication is crucial to get a quality project completed on time. While skilled IT professionals can be found throughout the world There are excellent IT programs offered at Colombian universities. They effectively produce highly-skilled software developers that can manage high-level software outsourcing commitments.
English is also used as a second-language and is often regarded as the primary language used in commerce.
The most important thing is that countries in this part of the world are part of the culture of western America. They have a strong connection to US commerce and pop culture. Colombians are more informed about US politics than about their own nation. They also read US news more often than the news they own. The US brands are well-known and highly regarded. Colombians as well as Latin Americans have enjoyed US music and television programming for many years.
Lower Cost
One of the main reasons companies consider offshore outsourcing to develop software is the lure of lower programming costs. Nearshore outsourcing can be just as affordable as offshore outsourcing. In fact, Nearshore outsourcing providers in Latin America and South America boast excellent programmers with hours of pay that are much lower than programmers with the same skills in America.
Values are rising.
Nearshore outsourcing provides a refreshing approach to finding new talent. For American-based businesses that have had bad experiences with outsourcing, nearshore completely changes the rules of the game. This technique gives you an entirely new approach to recruiting people from overseas countries as many (common) offshore hurdles are eliminated, such as time zones, language barriers barrier, cultural differences, and many other issues.
Tax savings that could be realized
The largest IT outsourcing firms are subject to the government's attempt to support the industry by establishing tax laws which favor the outsourcing industry. Another reason that businesses are prone to turning to outsourcing software development they see it as the best way to reduce taxes legally.
Safeguarded Intellectual Property
Wherever your developer is located the application you have completed is legally to you. You can be sure that your property is protected when you work with an offshore developer.
No Hidden Costs
Hiring a offshore software company can allow you to avoid most of the hidden charges that could be incurred due to outsroucing. If you are working in a close time zone and proximity to each other, there is less chance of the developers charging you too much due to the transparency that is required. This prevents you from having to confront financial issues down the line.
Nearshore developers are able to work as temporary teams within your company when required. It is no surprise. Nearshore developers can save your company money and allow your in-house team to have more time to handle client communications and project management.