Nearshoring provides access to skilled professionals at a fraction of the cost of hiring a full in-house team – while maintaining high quality standards.
This is particularly attractive to small and medium-sized businesses looking to scale without overextending their budgets.
So, how much can you save with nearshoring?
Compared to in-house development, outsourcing can cut development costs by up to 53%.
And on top of that, there are plenty of other benefits, too, like:
Faster response time for bug fixes
Quicker feedback loops
Faster iterations
Real-time collaboration
So, when your work hours align perfectly, you’ll have a much easier time coordinating with your outsourcing partner.
This not only drives speed but also leads to fewer misunderstandings and unnecessary delays.
And that’s key to successful development.
Access to a wider talent pool
Nearshore software development opens doors to a wider talent pool.
Countries in Eastern Europe or Latin America, for example, have invested significantly in tech education and have highly qualified professionals with diverse expertise.
Accessing this talent can give you a competitive edge and fill any skill gaps you have, as you’re not just limited to local talent.
It also lets you rapidly scale your team and help you find the exact skills you need for your project.
And the best part?
You don’t have to deal with the hassle of finding, screening, and hiring talent yourself – you can fully focus on your product.
And that’s exactly what you should want.
Cultural compatibility
Cultural compatibility is a crucial yet often overlooked factor in outsourcing success.
If teams share similar values, work ethics, and communication styles, projects run more smoothly.
And when you go with nearshore software development, you’ll be working with a team that’s culturally compatible.
This solves a major problem – usually, 60% of all outsourced projects fail because of bad cultural compatibility.
But, if you go with nearshoring, you’ll minimize the risk of this happening to your project.
For example, culturally compatible teams are more likely to share similar approaches to problem-solving, feedback, and time management.
This reduces the risk of miscommunication and project delays.
And that’s why nearshoring is a great option.
Easy and efficient collaboration
Effective collaboration is key if you want to successfully outsource software development.
And nearshoring makes collaboration easy and efficient.
Nearshore partners share similar time zones and often a cultural background, which reduces communication barriers.
Let’s say you want to hire developers to join your cross-functional team.
Cross-functional collaboration is difficult at the best of times – and it’s even more difficult when you outsource development.
But, with nearshoring, cross-functional collaboration is much easier.
Nearshoring ensures communication happens in real time, so there’s less room for misunderstanding.
And the physical proximity lets you have face-to-face meetings when needed, which further strengthens the connection between your in-house and outsourced teams.
When teams collaborate easily, projects move faster.
This results in faster project timelines, clearer communication, and better alignment with your project goals.
Faster integration with in-house teams
Integrating nearshore teams with in-house teams is often faster and smoother compared to offshore teams.
Shared time zones, cultural alignment, and similar work practices allow nearshore developers to seamlessly integrate with your in-house team.
A seasoned software engineering executive, Marin’s role combines his in-depth understanding of software engineering processes (particularly mobile) with product and business strategies. Humbly boasting 20+ years of international experience at the forefront of telecoms, Marin knows how to create and deliver state of the art software products to businesses of all sizes. Plus, his skills as a lifelong basketball player mean he can lead a team to victory.
When he’s not hopping from meeting to meeting, you’ll find Marin listening to indie rock, or scouring the latest IT news.
