Softbridge Solutions : Offshore Engagement Model

» Fixed Cost Model :
After project review, we estimate the manpower requirements. Depending on the man-days required, a fixed cost estimate for the complete project will be quoted. With the fixed price engagement model, there is an agreement of cost between us and our business partner.

» Benefits: The predictability of your costs and schedule is well defined and hence there is minimal exposure to risk. In this type of model the more detailed the preparation, the smoother and faster the execution.

» Time & Material Model : :
With the time and material engagement model, your costs and schedule will vary depending on your specific requirements and on the complexity of your project. This gives you maximum flexibility and also allows you to make substantial revisions to your project even as it is being developed. The objective of this model is to find the right solution to a specific business challenge, and not to rely on standardized package that may not work in the long run.

» Benefits: For a given situation in which, business challenge is difficult to understand and large customization effort is required then this may be the appropriate model for consideration. In this model the design of the solution is very flexible and provides you the benefit to accommodate changes in the requirement at various stages’ of the development life cycle.

» Hybrid Model :
The hybrid outsourcing model, also known as the dual-shore model, takes advantage of onsite and offshore services to deliver results to clients at reduced costs. Under hybrid model a local team stationed onsite with our business partner would manage the project’s program management office and handle the issues such as requirements gathering and user-interface development. The onsite team would control the defined portion of the project that required interaction with the business subject matter experts and software architects onsite. Meanwhile, the team based at the offshore development center would facilitates with the coding, testing, and bug fixing so work could be performed around the clock.

» Benefits: This model maximizes efficiency in resources and lowers down the costs. The hybrid model enables our business partner to directly interact with us through the onsite team and simultaneously enjoy the benefits of offshore.

» BOT Model :
Some companies reject outsourcing to third-party vendors and instead opt to start their own local subsidiaries, a process that frequently is not as smooth as expected. Various obstacles such as legal, taxes, hiring, and management may be faced thru-out the set-up process. While some eventually attain a steady state, others struggle, and a few even close down their operations. The failures of these captive subsidiaries have led to the evolution of a new business model in the offshore service industry called as BOT model. BOT is managed in three phases:
• Build: We provide our business partner with a complete solution for building a presence in a particular country. We take care of all administrative and legal issues, from real estate, utilities, and permits, to computers, communications, and office supplies. We also provides the professional support staff and operating licenses to run functions.
• Operate: We provide a comprehensive set of operational management services, from HR and staffing, to accent training, accounting, payroll, legal, facilities, and security. Our business partners are able to focus their management time on their core business rather than on operational issues.
• Option to Transfer: Our partners have the option to bring the operation in-house at any time. Typically, the outsourcing contract includes a clause that states the client has the option to buy the entire operation after a fixed period.

» Benefits: The logic behind the BOT model: the offshore partner can initiate operations and reach operating stability much faster than it can with an in-house effort. BOT model provide our business partners with bottom-line enhancements and fully offloaded costs, risks, and ownership of the new venture. The risk of execution is minimized, and business partners can spend their money on core functions.

Engagement Models

» Fixed Cost
» Time and Material
» Hybrid
» BOT