If the idea of outsourcing is new to you, or maybe you’re unsure of the project risks and benefits, or simply wondering whether it makes sense for you and your team.
Here, Dave Cook, CTO and Associate Advisor, highlights the key drivers behind outsourcing – as well as what you should look for in a partner.
1. The ability to control costs
One of the most common reasons that a company may choose to outsource is to control costs. Put simply, hiring and training staff can be expensive – especially when you only have a short-term project in mind.
Outsourcing means you only pay for what you need, and you can scale support up and down when required. As the contract makes it clear what you can expect to get done and for what price, it can also remove any uncertainty surrounding project costs in the first place.
2. More time to focus on core business functions
Whether it’s a unique product or skill set, exceptional service or customer value, there is a reason your business is successful. Therefore, if your core business purpose isn’t technology driven, or you don’t have the resources available in-house then outsourcing presents an invaluable option.
Every minute spent on tasks outside of your skill set is time not spent well. In fact, it could stall your growth. By outsourcing these tasks, you’re freeing up your internal teams to focus on the work that’s more critical to delivering customer and organisational value.
3. The ability to test new initiatives & skills
Outsourcing is a great solution when you don’t have the skills or knowledge required in-house. Yet it becomes especially valuable when you’re undertaking a new project that demands new skills. By utilising external resources, you can dip your toe in the water before hiring someone full-time as part of your long-term strategy.
It gives you the opportunity to explore fresh skills – without taking a risk on hiring people for an initiative that you don’t know is going to work yet or requires a skill that isn’t currently embedded in-house.
4. Time sensitive projects & business demand
It could be, business demand, market uncertainty, legislation or other, all businesses have time sensitive and immediate projects. These focused projects require specialist skills for the short-term, which are often business critical.
By partnering with an outsourcing consultancy, you can scale-up or create teams with specific objectives and criteria, written into the deliverables which mitigates the risk in-house and ensures complete focus on the business need.
Turn to a partner you can trust
Of course, there are many critical aspects of a successful outsourcing partnership. But one of the biggest is trust. Ultimately, you need to be sure that your partner will deliver what they say they’re going to deliver.
Cost management should also be at the top of your list. After all, no one wants a runaway project that doubles or triples in price before completion. Having a good approach that allows you to manage costs from the outset is important.
That’s exactly where Fruition Consulting comes in. Our outcome driven solution is a cost-effective way to benefit from high-calibre teams with a proven track record of disruptive innovation – enabling you to both de-risk and accelerate the evolution of your business.
With a dedicated Engagement Manager supporting you throughout the process, and a quality-assured associate model, you’ll receive an extraordinary breadth of experience and expertise that allows you to scale rapidly, evolve at pace, and minimise risk.