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Successful Offshoring: Nearer Than You Think

As financial services firms move into the second decade of offshoring, it’s a good time to challenge the conventional wisdom of this very popular strategy.

Most notably, offshoring is laden with hidden management problems and subsequent costs that translate into headaches and sometimes nightmares for the customers of offshoring providers.

Researchers at Ventoro and elsewhere have found that long-distance offshoring does take its toll on the control of projects. The time difference—which was so glibly relegated to a non-issue—has come back to haunt many offshoring clients. User firms are finding that the time zone problem—a lag time of up to 12 hours or hours in some cases—can erode program management and communication.

In contrast to offshoring, nearshoring offers virtual development teams that have the ability to collaborate with internal staff in the same or similar time zones. This means that easy fixes do not have to wait for an isolated team to take a day-and-a-half to turn around a solution. By eliminating the time difference problem, nearshoring providers can offer optimum time-to-market schedules for new projects and new products. From the point of view of the clients, working in the same time zone also leads to more satisfied and stable workforces—including those of the outsourcers.

In October 2006, ObjectWave launched our office for Nearshore development in Tampico City, located in the Mexican state of Tamaulipas. We are laying the groundwork for what we see as an important nearshoring alternative to far-flung offshoring arrangements. We also know that companies are moving to “Follow the Sun” offshoring plans and that Mexico deserves to be considered as an easy-to-manage, safe way to move into globalization for U.S.-based firms.

 
ObjectWave’s Nearshore Development capability addresses the needs of companies utilizing offshore resources in developing their applications.  While we offer comparable cost benefits to offshore development we are able to deliver further benefits by utilizing experienced developers working in the Central Time Zone.

 
ObjectWave’s Nearshore team is a virtual office to your own in house team.  By employing a mix of onsite and Nearshore developers, ObjectWave can deliver your project needs, meet and exceed your budget requirements and do so with the quality you should expect.   

For more information please contact:

Sam Cinquegrani

312 269-9026