The top five benefits of outsourcing social media management for the Information Technology Industry

These days, almost everything could be outsourced, including social media. For those who are planning but still unsure, there are many information and insights to help decide. Regardless of the reactions of people against outsourcing, there are indeed considerable benefits to outsource managing media for the IT industry.

The benefits of outsourcing the process are difficult to sacrifice and ignore. Nevertheless, considering to whom to outsource should be addressed properly in order to succeed.

The following items are the top five benefits of outsourcing management of the said process.

1. Time efficiency – through outsourcing the responsibility or task, a business or company could be actually effective in achieving efficiency with time. The time savings could be an hour a week that could app up to fifty-two hours at the end of the year. The extra week could be used for more profitable ventures of the firm or business organization.

2. Access to professional marketers, – with outsourcing management of the method. These days, one could hire someone with enough knowledge to provide an engaging content marketing for a fraction of the cost it takes to pay a local social media expert. Moreover, the vendor could also manage responses and stay updated with the evolving media platform.

N 43. Cost savings – although hiring a third party provider means more cash, I tis all worth the investment. The vendor would be responsible in the management of the networking accounts. A business doing the management by itself could be weighed down on profit and revenue margins. Thus, hiring an expert with a good experience on the field is a good venture.

4. Louder voice – one specific benefit of transferring social media management to a third party vendor is a more empowered brand voice. This is better since one could access each of the vendor marketer’s platforms, followers and fans. The more of the resources become available, the louder the brand voice will become.

5. Enhanced posting speed – in the 24-hour real time world, it is much different than during the pre-social media and internet days. To engage customer more rapidly, one has to be always on mode to reach out to them. Offshoring works could help achieve the goal. The out is that there would be more people who would read the message faster.

Today, is an era wherein social networking has changed dramatically the way small businesses engage their clients. These days, it is no longer only the large, resources-rich brands who could dominate the advertising and marketing field to better engage customers. Almost anyone with a huge ambition, strategy and commitment could make their presence utterly engaging and compelling. Twitter, Facebook and other networks are making it easier for a small business to reach their gals and grow more competitive in facing the giant brands in the marketplace.

Businesses and different organizations have increasingly been using these social networking sites to engage their customers with compelling and quality brand message. It is of course costly and takes a lot of time. That is why more and more organizations are engaging the services of third party service providers who are experts in the field.

ERP Software Modules That Performs An important Function For Any Organization

ERP software is one important tool which provides enhancement for any business. ERP software easily integrates all the organization of one company in a one unit. Starting from the management of the resources to the administration of the processes, the entire business can be easily managed with the help of ERP software. The basic advantage of using this software is that here is very little use of human intervention and one can easily achieve the desired target within very much less amount of time.

For properly functioning of organization ERP software consist of several ERP modules that help to improve different business processes which leads to overall increase in the efficiency of any organization.  In simple term we can say that, an ERP software module can be best referred as a group of software programs that performs an important function in ERP software.

ERP modules

Different Types of ERP modules

Administration module:

The admin module looks over defining and assigning role to User’s. It tells who has to do what the particular role of in the ERP system. It also controls and manages User’s password policy. User session tracking, back-up, and database check are some prime activities which is conducted by  Admin module.

Finance module:

Money

Finance module is one of the hearts of any ERP software. It is one of the most important ERP modules.  The finance ERP module collects all kinds of financial data and generates reports like quarterly financial statements, overall balance sheets, Creditors balance, ledgers and profit /loss reports of the company many other financial reports.

Sales and Marketing module:

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Many ERP software companies provide combined Sales and Marketing module in ERP software system. And that is why it is known as a sales and Marketing module. This combined ERP software module can handle different business processes like order scheduling, order placement, order execution, invoicing, shipping, lead generation and various other important marketing and sales related functions.

Human Resources module:

hrm

The main function of ERP HR module is to maintain employee data of any particular company and store information of every employee. Like their contact information, attendance, salary details, performance evaluation and many other important employee details.  The HR ERP module stores and manages all employee information from joining date to leave date.

Purchasing module:

pura

The purchasing ERP module modernizes procurement of raw materials. And perform different processes like recognizing prospective suppliers and price negotiation, The Purchase module is strongly integrated with other modules such as production planning, inventory control to avoid over purchasing.

That’s why ERP software is become so much popular worldwide and as a result ERP software development has increased significantly over the last one decade because of ease of use and its ability to provide equally effective and accurate results for every types of industrial organization, makes ERP software more and more popular by every passing day. As a result you can find many software development companies, who provide best work for their clients because of these ERP software modules which really work important functions in ERP software.

Domestic Indian outsourcing | A new attractive option for the organizations

Domestic software outsourcing is considered a cost-friendly alternative to offshore outsourcing models. The service providers establish offices in rural domestic places to mix the value of a local vendor with the benefit of employee loyalty, lower labor price, high quality and value via innovation. The decisions to outsource depend on, whether using a domestic Indian service provider who can provide software outsourcing solutions. That is why it is a good idea to look for a provider who would partner long term and fits in with the company methodologies and culture.

Benefits to Domestic Indian Outsourcing

  1. Low wages and Cost of Living:

cutcostIn terms of cost of living and wage, rural sourcing providers that are located in rural areas could pass on lower wages, costs of living and real estate to customers, offering a cost-effective option to off-shoring models. Territorial centers could pass on from twenty percent to forty percent wage savings compared to centers which are located in urban locations of the United States.

2. Language, Business Culture & Time Zones:

bcultureThis kind of source ensures that the work outsourced is done in complementary time zones and staff who understands US business culture as well as speaks fluent American English. The proficiency in the language could facilitate good communications and lower operational issues. Mis communications and misunderstandings over a 12 hour time zone difference could cost a project a full day slip.

3. Easy to maintain data Privacy Regulations:

dataprivacy

Some organizations and government agencies working with private customer information should keep all their operations within the area to comply with company regulations, customer agreements, privacy of data and intellectual property laws. Some firms that are US-based use domestic sourcing staff since they want to support as well as create local job during the hard economic times. Others use within the country resources because of political issues. This resulted to many companies having policies that require them to use a specific percentage of local suppliers. Territorial software outsourcing or insourcing is an established software industry trend. Service providers combine high quality assurance and software engineering services with a lower price model.

4. Help for effective use of corporate social responsibility:

csrThe sourcing process could be extremely beneficial if the development team requires frequent visits or close communication with the technology providers. Moreover, it may also be the perfect solution for small and medium businesses without the resources to manage offshore tasks. Businesses searching for economical custom solutions with compromising quality could be better off with this process. Nowadays, when agile development is a much preferred option, it requires a high degree of interaction. Thus, local sources allow providers to coordinate, deliver the product faster and with higher quality.

Rural software outsourcing professionals have established excellent working models by partnering with local universities and colleges in order to deliver loyal, highly skilled staff. The partnership offers a lot of benefits like boosting the local economy, talent scale for the provider, placement of college graduates and creating and retaining knowledge within the country or location. This kind of sourcing is now a growing trend in the United States since it provides both tangible and intangible benefits in terms of product innovation, cost, excellent employee retention, high collaboration, corporate social responsibility, geopolitical stability and regulations in data privacy.

Understanding The Butterfly Effect In Outsourcing Business

In software development, it is true that the beginning affects the ending. A small but vital detail missed at the start of a process or project could multiply and could lead eventually to failed expectations, dissatisfaction of the client and the outsourcing service provider and missed schedules. That is why when outsourcing software development to a third-party organization, it is necessary to invest in a preparation phase.

The butterfly effect is a phenomenon of sensitive dependency on initial conditions and the cost of correcting project mistakes exponentially increases. The butterfly effect further means errors at the early requirements, collaboration and design and are tenfold as costly to fix in the coding stage and around one thousand times more expensive after release.

In outsourcing the development of software, avoiding the butterfly scenario means preparing to outsource software projects is investing in a time-boxed preparation phase. This enables one to understand the business requirements behind the needs, analysis and addressing technological constraints and establishing full transparency between partner organizations on communication and collaboration.outsourcing

The preparation phase could include the following items:

  1. Assessment of the project:

assenment

is one of the vital steps enabling the outsourcing vendor to acquire knowledge on the client’s existing system. The process delivers the benefits of knowing the readiness of a system for the changes planned, determines possible risks and shows the improvements roadmap as well as justifies estimates for more evolution. This is mostly driven by project requirements, the solution and by known problems.

2. Engagement:

It is a set of actions for exploring the opportunity, identifying the scope and resources for the discovery phase and offer project ballpark estimates in order to support go or no go decision if input information is sufficient. The efforts during this phase are typically internal investments by the outsourcing service provider needing just a signed NDA from the parties.

3. Discovery:

It is a fix-bid, short activity that is staffed by the outsourcing software developer with senior professionals and the core members of the team responsible for collaborating model and evaluation of project risk, scope and requirements elicitation, project plan and resource allocation and technical estimates and vision. The discovery team could also include experts in security, development operations and more.

  1. Implementation:

implementation

This is extended by the software and quality control engineers. The choice of the model to be implemented, whether agile, scrum or others is agreed upon by both parties early on during the engagement or the discovery phase.

One more reason why a preparation phase is thoroughly important when outsourcing the development of software is related to the evolution of the amount of uncertainty in a project. The less known about the details of the project, like  requirements, scope, solution, staffing, the more inaccurate the estimates could be.

Methodology is the key to the success of a software development project and to avoid the butterfly effect. Some design work must be done at the start of a new project. Diving right towards development with unclear technical vision and not finalizing the technology stack will jeopardize the budget of the project, the quality and schedule.

Five Common Mistakes That Should Be Avoided In the Software Outsourcing Business

In the outsourcing projects organizations experience such a disappointing results what they want to achieve through the deal and the resulting ROI. That’s  because firm might make some common mistakes which should be avoid in order to achieve the better results. Below givens are some of the common mistakes which are made by the outsourcing companies in their software development project.

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1. Insufficient analysis of the outsourcing service providers’ model:

In the project work cost-saving has been given a high-priority ,but that should not be only factor which companies should evaluate their prospective partner. They should consider many other factors, which include service provider’s maturity and capabilities to handle any type of outsourcing projects. Company should hire any firm for the purpose of outsourcing after the close analysis of their innovative skill which they use to create software development work. For that, factors like IT architecture design, business vision, and contract management and delivery and execution history should be evaluating otherwise work might suffer.

2. Poor management of the outsourcing contract:

Proper management of the project is another common mistake in the outsourcing Industry. Company should draft the contract is a critical and must give great attention to avoid leaving any loopholes in the system. Moreover, loosely defined contracts may result in a series of change in the project which adds definite costs. Ultimately, companies many have an additional burden of the costing.

Any successful contract management should reflect specific detail and it should also need to be flexible. In today’s systems and services can change a great deal over a short period of time. By incorporating guidelines for managing unexpected situations can secure any project to suffer because of the poor management.

3. Insufficient or regular communication with outsourcing service providers:

communication

Effective communication clarifies the objective of the both the parties to each another. It makes possible to have a streamlined the process between the client and the service provider. Therefore, it is important to identify the potential challenges of communication like distance, time differences, language and find a correct ways to overcome the same.

 4. Poor transition management:

The transition period is considered as one of the most complex stages of an outsourcing deal, it will take anywhere as small as three months to an entire year. It also sets the perfect working stage for the remainder of the deal, as a successful transition helps to develop the new relationship with a positive momentum. When signing a contract for the outsourcing, company should show a great sense of trust in each other skills and capabilities, companies should maintain a consistent level of involvement is frequent communication and regular exchanges of business-related information fails to do so might harm the prospects of any outsourcing project.

  1. Sole focus given on cost savings:

cost

Sole Focus on Cost Savings can be proven dangerous as in many projects. It might be helpful for the cutting down on investment costs. Though cost savings are a crucial benefit of outsourcing, but too much empathize might not be good ideas for the organization. If outsourcing is done solely for the cost factor, then it leads to various kinds of quality related issues.

Therefore any entrepreneur should never consider outsourcing as an inexpensive and easy method of offloading their work, but should consider as one of the effective business strategy. It should be considered as an important tool for building an efficient, lean, and a competitive business to give more time for the core business objectives.

New Emerging Trends Of Offshore Software Development Business

The Indian outsourcing industry has gone through a very tough time in the last three-four years. Some magazines went on to predict that Indian outsourcing industry will die very soon or not, remain as strong as it was there some time back. Yes, there were many visible hurdles in this business earlier as NASSCOM former president, share in his analysis of the Indian outsourcing industry, and says that “The country has seen worst from the global economic crisis to the Mumbai terrorist attacks to the brighter side of starting of the cloud computing and automation technologies and over the years there are many threats to the country’s traditional outsourcing model”.

Here is how future looks on the various aspects of the Indian outsourcing industry

1. Effect of Indian economy will not hurt Indian outsourcing Industry:

Currently the country is going through a transition phase. The outsourcing services sector has been growing quite well. It’s generally the industrial sector that has impacted the growth. In the past, there are some issues regarding policy paralysis largely in the manufacturing sector because of the political situation which was there six months back in the country. However, when looking last two or three years, IT industry grew at about 12 to 14 percent and same is expected in the coming years.

indian

Indian Economy

Some of the problems outsourcing sector was facing related to the tax regime, which is successfully resolved. A lot of U.S. companies were having problems with transfer pricing assessments. But in the last one year a lot of that issues have been resolved, and, things looking brighter in the coming time.

2. Threat of other outsourcing countries:

Some threat of the other outsourcing countries likely to remains in the future. As, the country like china has a required skill and pool of talent people to compete with India, but china is doing their majority of the work they do is for Japan and North Asia. They do some work for the U.S., but it will take lots of years to come closer to match up with Indian outsourcing companies. They do extremely well with manufactured products, as far as but customers tell us it is difficult to do services work with them. They also require working on intellectual property and security issues. So, it is unlike that china will challenge outsourcing Indian firms in the near future

cloud

Cloud computing

3. The effect of increase use of cloud-based solutions:

Indian Outsourcing industry was 25-years-old therefore it has matured a lot and becomes much better and faster. They are just not only looking for the costs. But implementation of the new technology is equally important like social media, cloud computing, analytic, or mobility. All of these are now getting integrated into outsourcing IT services. The revenue of the industry has increased because of the cloud computing.

4. Initiatives taken by NASSCOM to deal with the issue of talent development and growth in tertiary cities:

The organization formed the IT Sector Skills to make sure graduates coming out of university are more industry-ready. Technology is changing at the rapid speed. Today, most of the outsourcing work has been done in the seven large cities where 90 percent of the work happens. But those centers are staffed by people who came from various cities of the India.

Thus, with this given view we can say that outsourcing industry in India will continue to grow even with faster speed despite the hurdles comes in their way, the help of NASSCOM and many Indian outsourcing firms this industry remain intact even in the nearest decade.