What is Offshore Development Centre?

The Offshore Development Centre model
An Offshore Development Centre (ODC) can serve as the nerve centre of a company’s product development. By providing seamless collaboration across all departments, ODCs can accelerate innovation, and bring new solutions to life. The Scalers offer access to a pool of highly talented engineers, data scientists, and business analysts to join a company’s dedicated team of developers.

Having a captive ODC can also provide cost savings for organisations. By building a team in a location like Bangalore, where the cost of living and salaries are lower than in Western countries, companies can access a pool of highly skilled professionals while reducing operational costs. Additionally, companies can easily manage their offshore team and maintain control over the development process while benefiting from the expertise and talent of local engineers and specialists.

Benefits of building an ODC in Bangalore
Bangalore is known as Asia’s Silicon Valley and home to numerous prominent tech firms, including Google, Amazon, and Microsoft. Building an ODC in Bangalore means being in the company of other global tech giants, and The Scalers offer high-spec workspace, onboarding processes, and a pool of talented engineers to ensure rapid scalability, total alignment with HQ, and reduced time to market.

Bangalore has a thriving startup culture, making it an ideal location for companies looking to innovate and grow. The city has a diverse talent pool, with engineers and other professionals from all over India and beyond. Alongside the tech giants that call Bangalore home, there is a vibrant ecosystem of startups, incubators, and accelerators that can help organisations thrive. With a high-quality workspace and a supportive local team, companies can focus on their core business while taking advantage of all the benefits of an offshore development center.

The Scalers’ approach to offshore development
The Scalers have a proven approach to offshore development that enables rapid team assembly and growth while maintaining control over the development process. They handle all the heavy lifting, from recruitment and onboarding to local setup, administration, and HR. With data-driven reports, organisations can scale without limits, meet delivery demands, and have a trusted long-term partner. The Scalers build enterprise-grade teams of over 100 engineers, 70% faster than at home.

The Scalers’ recruitment process is designed to find engineers who are not only highly skilled but also align with a company’s culture and values. They work closely with organisations to understand their requirements and then source, vet, and onboard engineers who are dedicated to the team and committed to delivering results. This creates a team that feels like an extension of the in-house staff, with the added benefit of working in a cost-effective offshore location.

Going to new heights with an offshore R&D centre
With the right offshore partner, your ODC can turn into a full-fledged offshore R&D centre, which can be a valuable asset if you’re looking to stay ahead of the curve and develop innovative solutions. And by having a team of elite engineers, data scientists, and other experts working together on new concepts, organisations can bring new products and services to market faster and more efficiently.

At The Scalers we help our partner recruit elite engineers, top-tier data scientists, business researchers, business analysts, and technical specialists that can work together on new concepts. And we achieve this through a proven recruitment process that ensure our partner’s developers have the required skills and cultural fit for their organisations.

New Equity Release Lender More2Life Launches New Products

Signs that the equity release market is beginning to spark into life again, can be evidenced by the re-emergence of a former lender in the market.

More2Life have joined forces with annuity specialist Partnership assurance to re-launch their impaired life roll-up lifetime mortgage plan.

Incorporating an impaired life facility & protected equity guarantee, the More2Life equity release plan can be seen to be opening a niche market for itself. The impaired life facility means that depending on health & lifestyle, a higher than normal tax free lump sum can be achieved, should serious health issues be present.

The More2Life equity release plan has been designed with three scenario’s in mind: -

1. Enhanced plus – industry leading maximum release, impaired life product

2. Enhanced protected – impaired life plan with ‘protected equity guarantee’

3. Protected plan – older applicants looking for a ‘protected equity guarantee’

Pitching the enhanced plus plan at the maximum release end of the market means that should the applicant qualify on medical grounds, they would have the highest lump sum currently available. This would even surpass the current Aviva Lump Sum Max product, although this would be at the expense of a higher interest rate with More2Life.

The following percentages are the maximum releases available on the Enhanced Plus: -

Age 55 23%

Age 60 28%

Age 65 33%

Age 70 38%

Age 80 48%

Age 90+ 54%

For example, an applicant aged 65 with a property valuation of £250,000 & meeting the underwriting criteria, can release a maximum of £82,500 on the enhanced plus plan.

The interest rate for this product will be 7.49% monthly.

The second product – ‘enhanced protected plan’ is also based on health & lifestyle grounds & again can provide an enhanced lump sum. However, to qualify for this equity release scheme the health situation will not be a serious as the enhanced plus. The interest rate for this plan is lower at 6.99% monthly.

Another feature of this plan is the ‘protected equity guarantee’ which is included & guarantees a percentage of the property for the children/beneficiaries on the eventual sale of the property.

The guarantee works as follows: -

Should the overall facility available be £80,000, yet only £40,000 is taken, then 50% of the final sale value will be protected on sale.

This can be an essential tool for applicants who wish to ensure that a guaranteed inheritance is passed onto their children.

The final option is the ‘protected plan’ which has no impaired life facility, but does include the protected equity guarantee. The interest rate is the same as the enhanced protected at 6.99% monthly.

The challenges of software outsourcing

Are you looking to outsource your software development needs? You’re not alone – the global software outsourcing market is valued at over [$92.5 billion] But with such a massive industry comes a host of hidden costs and unexpected challenges. Sure, cost reduction is a big motivator for outsourcing, but what about the hurdles you might encounter?

Let’s take a deep dive into the common pitfalls of outsourcing and offer dynamic solutions to help you overcome them. We’ll also show you why offshore development may be the answer you’ve been looking for.

Outsourcing vs offshoring
Outsourcing – yes, the operational costs are relatively low, but hiring contractors for one-off projects through third parties can be a headache.

Offshoring is the key to achieving long-term goals with committed staff and highly skilled software engineers. But let’s face it; the cost can be a concern.

The common problems with outsourcing
Quantity over quality
Looking to outsource to save on costs? The trade-off may not always be worth it. With outsourced engineers juggling multiple clients, quality can suffer, and their priorities may not align with yours. The result? A project that only partially reflects your company’s vision or needs.

A lack of control over ‘your’ team
Third-party vendors often hire independent contractors outside your team, making it challenging to oversee their work and communicate with your internal team. Keep your projects on track and maintain communication by choosing a more reliable solution.

Undisclosed and hidden costs
Don’t let hidden expenses sabotage your software outsourcing plans. While outsourcing can save on employment costs, be wary of hidden fees that can impact the quality of your software. Cutting corners with your budget can ultimately result in lower-quality software and missed deadlines.

Data loss and theft
Outsourcing software development can be a double-edged sword. While it can help reduce costs and expand your team’s capabilities, it also poses risks such as data loss, cybersecurity threats, and intellectual property theft. Protecting sensitive data and ensuring that your team has proper security measures is crucial to prevent any breaches.

Cultural differences
When working with an outsourced team, it’s important to remember that they’re temporary workers who may not fully understand your company’s values or way of doing things. Bridging the culture gap between your internal and external teams can be tricky, but it’s important for successful collaboration.

Legal disputes
It’s not always a lack of technical skills that causes disagreements – often, communication issues get in the way. To ensure your software meets contract requirements, your developers need strong English skills to clearly articulate their work’s scope. Don’t overlook the importance of effective communication in software development – it’s crucial for project success.

Why is offshore development different?
Offshoring prioritises team culture over cost, letting your company’s individuality flourish. This model can provide numerous benefits, including access to a larger pool of skilled professionals, lower labour costs, increased flexibility in staffing resources, and the ability to scale up or down as needed. Additionally, offshoring allows your company to focus on the core competencies while leaving other tasks to specialised professionals.

Trustworthy offshore partners like The Scalers are transparent about costs, handle legal and administrative duties, and ensure their culture aligns with yours.With access to top-tier tech specialists, they can manage screening on your behalf and prioritise security with state-of-the-art firewalls, anti-virus and anti-spyware defences, and regular software updates. Don’t settle for less – partner with the right offshore team to take your business to new heights!

Key takeaways to keep in mind:
Offshoring can solve many issues outsourcing can’t
In-house developers are involved in offshoring and work solely for your business
Offshore developers are committed to your company’s success and fully align with your mission and projects
A reliable offshore partner will oversee recruitment with an established method, manage your operations and HR functions, and assist you in expanding