Software Outsourcing
One Smart Decision to deal with Recession
Outsource your software development and maintenance at reduced costs
Let we manage all your software requirements while you focus on your core business.
IT Outsourcing can Reduce your
Expences & Enhance your Profitability
Expand your business reach and tap into global opportunities to smartly reduce operational costs and maximise profitability.
Even though you are working remotely, you will have the same level of project control as you would have with an in-house team. Our Services include:
Custom Software
Development
Application
Maintenance
Technology and Database
Migration services
Dedicated Development
Team
Software
Testing
Software
Consultation
Engage us to maximize your profits.
What you get when we work for you.
Skilled and Experienced Developers
We have a team of highly skilled and experienced developers who have a deep understanding of various programming languages, frameworks, and tools.
Cost
Savings
Outsourcing software development with us can help you reduce costs significantly, as you don’t need to invest in infrastructure, recruitment, and training of in-house teams.
High-Quality
Code
Our team is committed to delivering high-quality, bug-less code that meets your specific requirements.
Timely
Delivery
We understand the importance of meeting deadlines, and we work diligently to ensure the timely delivery of your project.
Flexibility and
Scalability
Our team can quickly adjust to changes in your project requirements and also scale up or down as necessary to meet your needs.
Communication and
Collaboration
We ensure that you are informed of progress, any issues that arise are promptly addressed, and the final product meets your expectations.
What are your challenges?
Let’s work together to solve it.
Why Should You Outsource?
While outsourcing software development can offer cost savings and access to specialized expertise, there are several reasons why it may not be the best choice for every company. It has some challenges as well. Outsourcing comes with challenges at every stage of the process, from selecting a company to delivering the final product. Ultimately, the decision to outsource software development should be carefully evaluated based on the specific needs and also the circumstances of the organization. It is important to weigh the potential risks and drawbacks before making a decision. In some cases, keeping software development in-house may be the more prudent choice.
Cost benefits of in-house vs outsourced development team
Hiring full-time IT specialists causes additional expenses, and this does not always imply a higher standard of service
when compared to outsourcing to a software development company.
In-House Development | Offshore Development | ||
---|---|---|---|
Salary | $75-125/hr | Hiring Cost, Benefits, Overhead | $15-25/hr |
Training Required | Yes | Training Required | No |
Benefits, Overhead | $18-30/hr | Communication, Travel | $1/hr |
Office Space, Administration, Networking | $12/hr | Management, Oversight | $5/hr |
Taxes | Yes | Taxes | No |
Total Cost of Engagement | $105-167/hr | Total Cost of Engagement | $21-31/hr |
Why should you avoid outsourcing?
While outsourcing software development can offer cost savings and access to specialized expertise, there are several reasons why it may not be the best choice for every company. It has some challenges, too. Many challenges arise at each stage of the outsourcing process, starting with the company’s selection and continuing through the development of the implementation process until the product’s release and delivery. Ultimately, the decision to outsource software development should be carefully evaluated based on the specific needs and circumstances of the organization. It is important to weigh the potential risks and drawbacks before making a decision. In some cases, keeping software development in-house may be the more prudent choice.
Top Challenges of Outsourcing
Why should you avoid outsourcing?
While outsourcing software development can offer cost savings and access to specialized expertise, there are several reasons why it may not be the best choice for every company. It has some challenges, too. Many challenges arise at each stage of the outsourcing process, starting with the company’s selection and continuing through the development of the implementation process until the product’s release and delivery. Ultimately, the decision to outsource software development should be carefully evaluated based on the specific needs and circumstances of the organization. It is important to weigh the potential risks and drawbacks before making a decision. In some cases, keeping software development in-house may be the more prudent choice.
Top Challenges of Outsourcing
Simple Process
Our commitment to transparency and simplicity is reflected in every step of our software development process, ensuring that our clients
have a clear understanding of the progress and direction of the project at all times.
Still hesitant to outsource
Contact Us Now
FAQ
To select the right outsourcing partner, consider factors such as their experience, expertise, communication skills, cultural fit, and also the project management processes. The talented as well as experienced team of engineers at LoreMine Technologies is committed to providing an exceptional user experience that prioritizes quality and performance. We believe in teamwork, and we work tirelessly to meet or surpass our clients’ expectations.
The cost of software outsourcing can vary depending on the project’s complexity, the scope of work, the location of the outsourcing team, and other factors. As a software company, we are aware of the importance of delivering high-quality software solutions while keeping development costs in check. We reduce development costs by leveraging open-source tools, following an agile development process, using automated testing, implementing continuous integration and deployment, and also leveraging offshore development teams.
At LoreMine, we understand that effective communication is critical to project success. We acknowledge that communication challenges may arise due to factors like language barriers, time zone differences, or technical complexity. To tackle these challenges, we employ several strategies, such as active listening, clear and concise communication, regular updates, and multiple communication channels. We also use collaboration tools such as Jira, Trello, and Mantis Ticketing System to enhance communication and streamline project management. We aim to address communication challenges proactively and efficiently by paying attention to our clients’ needs and encouraging open dialogue. Our primary goal is to ensure that our clients feel heard, valued, and informed throughout the entire project lifecycle.
We understand how important deadlines are to our clients, and we take them very seriously. We know that unexpected circumstances can arise during a project which can cause delays. To manage the risk of missing deadlines, we use several strategies.
First, we develop realistic project timelines and make certain that all stakeholders are aware of the project’s progress. We utilize project management tools and techniques, such as Microsoft Projects, to track progress and spot potential problems early on. Then, we keep open lines of communication with our clients and keep them updated on any changes or delays.
Finally, if we do experience delays, we work to develop a proactive plan to get back on track and meet the deadline. Our priority is always to deliver high-quality software within the allotted timeline.
It is our prime duty to keep our clients’ data confidential and secure. We use a variety of strategies to reduce the risk of data breaches and maintain confidentiality.
To begin, we implement strict security protocols and controls, such as password protection, data encryption, and multi-factor authentication, to ensure the security of our systems. We conduct regular security assessments and vulnerability scans to identify and address any potential vulnerabilities in our systems.
We train our employees on data security best practises and protocols on a regular basis, emphasising the importance of confidentiality and privacy.
Finally, in the event of a data breach, we have a well-defined incident response plan in place that includes notifying affected parties, conducting an extensive investigation, and taking steps to prevent a similar breach in the future. Our dedication to data security is unwavering, and we take every precaution to keep our clients’ data safe and secure at all times.
Most software company executives plan their outsourcing budgets with the expectation of saving at least 30% on costs. If this estimate is expanded to include labour costs for development, training, and implementation, the cost savings for offshore outsourcing could reach 50%. In other words, depending on the specifics of the project that you wish to outsource, the expected return on investment (ROI) can be impressive.
LoreMine adheres to a standard protocol in this regard. When a change request is submitted, the client confirms it and an impact analysis is performed. We respond to the client with revised deadlines and an estimate of charges. Once the approximations are approved, we begin implementing the changes as soon as possible.