Outsourcing SaaS Product Development: A Guide to Do It Right
4 min read | By Postpublisher P | 02 February 2023 | Technology
Outsourcing SaaS Product development can be an efficient way to bring new products into the market. When done right, it will also be one of the budget-saving and time-saving things that can help your business to scale operations.
This article will cover everything from the benefits to the process involved in outsourcing SaaS products. It doesn’t matter if you are a techie or a non-techie person, you will have a clear understanding of the topic at the end of this article.
Outsourcing & SaaS Product:
- Outsourcing: A business practice where a company hires a third party to provide services or handle operations for their company.
- SaaS (Software as a Service): Software providing a service for which users pay a certain subscription amount and it is hosted in the cloud. Users can access it via the internet without installing and downloading it on their devices. Hence, no maintenance and no updation are required from the user’s side.
- Types of SaaS Products: Customer Relationship Management (CRM), Content Management System (CMS), Enterprise Resource Planning (ERP), Software for Project Management, Sales, Marketing, eCommerce, etc.
- Popular SaaS Products: Hubspot (CRM software), Salesforce (CRM Software), Slack (Enterprise Messaging Software), Buffer (Social Media Management Software), DonorBox (Non-profit Software), Tableau (Analytics Software), MailChimp (Lead Management Software), Ahrefs (SEO software), Shopify (eCommerce Software)
Who Needs to Outsource SaaS Product Development?
Don’t worry about your company size, because outsourcing SaaS product development is possible for all businesses irrespective of the size or industries you operate. If you fall into any one of the below lists, you can go ahead for outsourcing a SaaS product.- Small businesses: As a small business owner, it’s understandable that your company might not have the resources or the expertise to develop a SaaS product. By outsourcing, you can access the necessary expertise & technology to build a SaaS product that meets your needs.
- Startups: As a startup founder, you should set your priorities right. You should be focusing on cash, sales, branding, and initial customers. You should invest your time wisely and building a SaaS product from scratch is not a wise thing you should do. Because, outsourcing can save you both money and time.
- Large enterprises: Even large companies can choose to outsource the development of a SaaS product if they do not have the required expertise or technology to develop the product in-house.
- Niche-specific companies: Certain industries like healthcare or finance have specific regulatory requirements for software products being used. By outsourcing it to the company that has experience in developing SaaS products for such business niches, you can ensure that the software will meet the necessary compliance standards.
- Companies Focusing On Core Business: Every business has pre-defined goals. Unless you are a SaaS product development company, building a SaaS product can deviate from those business goals. Outsourcing SaaS products is a big relief as you can focus on your core business and not worry about software development.
Why Outsource SaaS Product Development When You Can Buy One?
Imagine walking into a store to buy the best SaaS product that will meet all your needs. You start looking at each software and you find them very impressive. Next, you check their features and see how efficiently they can solve your problem. At this moment, there is a higher probability that you will come across the below disadvantages:- Customization: The first thing that can turn you off is the lack of customization. The off-the-shelf SaaS products are not designed for you, but for hundreds of businesses like yours. Being a generic software it might not have all the functionalities that you need nor you can completely change it to meet your demands.
- Total Control/Ownership: Having total control of the development process & company data is impossible when you purchase a SaaS product. Overcome this by outsourcing the development to ensure that the product is being built to its specifications.
- Scalability: If your company is growing, the purchased product may not be able to handle the scalability needs that your business requires in the future. Outsourcing can help to build a product that can adapt to your scaling business.
- Competitive advantage: If you are buying a SaaS product, there are chances that many of your competitors also have the same product. How can your company be unique and have a competitive advantage over your rivals? Yes, by owning a custom-developed SaaS product.
- Cost-effective in the long run: Though the initial costs of outsourcing SaaS product development are higher, in the long run, you need not worry about upgrading or purchasing additional licenses to meet your specific needs. Also, while buying a generic SaaS product it is certain that you will also be paying for many features that your business never needs.
Benefits of Outsourcing SaaS Products:
- Access to expertise: Outsourcing provides access to professionals who have specialized expertise & years of experience that may not be available in-house.
- Technology and tools: Get your product ready with the latest technology and tools to create a better end product, that is on par with the current trends.
- Faster development: With the right tools and experts, outsourcing SaaS product development can result in faster development times compared to in-house.
- Improved quality: With complete control in the development process, outsourcing SaaS products can deliver higher-quality software by having only the features that are necessary.
- Reduced risk: All your requirements are noted before the development and they are carefully monitored during the development phase to avoid any risk of failure.
- Access to global talent pool: Outsourcing opens the door to a huge pool of talent worldwide. You can work with experts from different countries and technological backgrounds.
- Flexibility: Have more flexibility to adjust the project scope, timelines, and budget as per your needs. You will have complete control over your budget and timeframe.
- Reduced overhead: Outsourcing SaaS product development eliminates the need for in-house infrastructure, equipment, and support staff.
5 Reasons Why Colan Infotech Is A Promising Outsourcing Partner for SaaS Products:
- Experienced Team: Colan Infotech is a SaaS development company with a team of 500+ developers having more than a decade of experience in software development, client communication, and support.
- Technical Expertise: With a deep understanding of the SaaS development process, the team has a proven track record of delivering 2000+ successful software projects for global clients.
- Strong Client Focus: Colan Infotech places a strong emphasis on client satisfaction with over 1000+ happy clients and aims to build long-term relationships with corporates and startups alike.
- Flexible & Simple Process: The flexible engagement models allow clients to choose the best option for their needs. The hiring process is simple and quick with long-term & short term services.
- Quality-Driven Approach: Colan Infotech has a quality-driven approach to SaaS product development that are continuously monitored by professionals to ensure that each project meets the highest standards.
To Wrap Up:
Outsourcing SaaS product development is an efficient solution for any business looking to bring the right products to meet specific needs. It is important to carefully consider the right SaaS development company to develop a successful product that lasts longer and reaps benefits.The latest from our editors
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