Types of application development outsourcing

Outsourcing, by definition, stands for delegating software design and development tasks to a team who works from a different country. However, even in this approach, there are three modes. 

Off-the-shelf

This model includes using ready-made software or low-code development approaches to create an application at the back of a drag-and-drop-based interface. It involves creating apps using easy-to-use tools of a low-code development platform with minimal coding. 

Startups need time to learn the app development basics. However, traditional means take time and have a significant learning curve. Fortunately, startups can embrace low-code development. With low-code app development, startups can prioritize apps they want to keep private for security purposes with minimal supervision and outsource those apps they can delegate with manageable cybersecurity risks.  

Pros

• Very cost-effective
• Faster time-to-market 

Cons 

• Requires the presence of a specialist who knows the ready-made software thoroughly
• Low customization 
• Lacks necessary features and technologies
• Difficult to scale 

Freelancers

Startups can go with freelancers whom they can easily interview and shortlist from reputed freelancer websites like – Toptal or any of the popular Toptal alternatives. Freelance app developers can be paid per hour or per project. Startups can easily negotiate rates when hiring freelancers. Many of them offer affordable rates, and clients can obtain excellent services like professionals in agencies provide.  

Working with freelancers entails trust, aside from the details outlined in the contract or service agreement. Because freelancers are independent contractors, startups must carefully assess the portfolio and credentials of prospective app developers to ensure data security. All payment payments and business transactions must have proper documentation to avoid future problems.

Pros

• Low-cost
• Speciality in specific tasks  
• Multiple options 

Cons 

• Limited specialization 
• Less guarantee of quality assurance 
• Probability of freelancers leaving your project mid-way 
• Difficulty in hiring a competent expert

Offshore company

This method implies partnering with a software development company with dedicated teams of designers, developers, and QA experts for application development. Offshore app development companies are located outside the country, such as in Singapore, India, or the Philippines. With offshore app development, startups entrust their projects to a third-party company, which may also have multiple clients, like freelancers. 

Offshore app development can be the best solution for startups wanting to focus on other core business areas.

Pros 

• App development company for startups have a whole team of dedicated experts
• Help with ideation and post-delivery activities
• The team acts as extended employees
• Partner with experts having a variety of skills and technological expertise. 

Cons

• Higher cost of app development 
• Time-zone differences can appear

Reasons why startups should outsource their app development

Outsourcing mobile app development comes with a range of benefits. Benefits that make them extremely lucrative in a startup ecosystem.

1. Faster go-to-market time

When you partner with an offshore app development company, you partner with an entire team of specialists. Typically these specialists ranging from designers and developers to testers work in an agile mode where all the processes happen simultaneously. This, in turn, results in a faster time to market. 

2. Hassle-free

Outsourcing app development companies typically takes over the complete charge of software development. They don’t just help you validate your app idea for market and technologies but also take complete ownership of the writing user stories, designing the best experiences, and coding the best quality digital product. All this while, you do not have to worry about any aspect of the development. 

3. Cost-effective

The reason why startups tend to partner with outsource app development companies is that they get to partner with the best minds of the software development industry through one-time expenses. Compared to this, when they hire a team in-house, they spend time and money in hiring the right people, following which they have to constantly pay for employee expenses, even after the app has been developed.

4. Extra services at zero price

Typically, the startup app developers you outsource your project to work on multiple activities without charging extra. Those activities or services can include – running validity check, preparing business specifications, creation of clickable prototypes and detailed wireframes. Additionally, outsource app development companies also help with publishing the app on the stores and the post-launch maintenance.

5. Post-launch efforts

There are a massive set of activities which start after the application becomes live. While freelancers or low-code development platforms don’t help with those activities until specifically asked, outsource app development companies handle it more proactively. Some of those tasks include – bug fixes, design upgrade, new OS support, new features addition, etc. 

So here were the five reasons that make application development outsourcing a good startup business choice. It is, however, critical for entrepreneurs to find the right partners in order to avail the perks of outsourcing. 

Conclusion

The race towards digitalization is on a constant high and so is the speed at which new startups are emerging. But what these startups require in order to be tomorrow’s leaders is to fasten their speed to innovation by partnering with the right team of developers.  Amidst this, outsourcing has emerged as an ideal situation for startups. 

What are virtual credit cards?

A virtual credit card is a temporary credit card number. It’s used by consumers while shopping online. These disposable card numbers are a great option for those who are particularly conscious about their own bank details. With virtual credit cards, it helps avoid a data breach or having to make payments through connections that may not be so secure.

Many are worried about the safety of their financial details, which has caused the financial market to reconsider how money is exchanged safely. Such safety precautions include two-step factor authentication and biometric banking.

How do virtual credit cards work?

How does a virtual credit card work? Chances are, you might not have come across it before and therefore have no clue how it works. With that in mind, here’s a brief how-to:

• Request a virtual credit card through your credit card provider, if it’s offered.
• You’ll receive a randomly generated card number with an expiration date and security code.
• Use this information to check out online on any site as normal that accepts credit cards as payment.

The beauty of virtual credit cards is that any business that accepts credit cards, will take this virtual form of payment. 

Once the payment has been made, the money will come out of your account as usual. It’s easy enough to get an instant virtual credit card nowadays as this payment process is no longer just for multinational, large corporations to use.

Businesses before virtual credit cards

As already mentioned, many customers have fallen victim in part due to data breaches occurring more frequently than ever before. The US is one that suffers from the most data breaches, with 12.4 million users affected in 2021 alone.

A lot of businesses opted for paper-led payment processes before the whole world went remote during the pandemic. It’s a legacy that’s been left behind by COVID-19. While it may have been difficult for businesses to adapt initially, it’s created a hybrid working environment.

Similarly, the way businesses now operate payment processes has changed, in part by the pandemic but also due to the rise in security breaches. Companies aren’t able to guarantee they are fully impenetrable from hackers, which means they need to find ways to protect their customers further.

Revolutionizing the market

Virtual credit cards have revolutionized the financial market by providing an opportunity for consumers to lend money quickly and easily. This is a change that consumers have embraced due to our expectations as a society, which have grown substantially. 

Being offered multiple payment methods has helped contribute positively to customer experiences and managing those expectations.

For lenders of finance, they are able to onboard their customers a lot quicker. It also offers the ability for consumers to use a virtual payment method whereby they don’t need a physical card.

Lenders also benefit from the additional data they receive from these virtual credit cards. It’s helping provide the insight needed to deliver a customer-centric experience, which helps in a competitive market. With business relationships between customers being important, it’s no surprise that virtual credit cards have taken to the financial market so well.

It’s worth noting that consumers are embracing virtual payments in general. A good example of this is cryptocurrencies. Though it’s not exactly the same as virtual credit cards, cryptocurrency has grown in popularity over the years. Currently, 46 million Americans own a share of Bitcoin. That’s 22% of the adult population.

How virtual credit cards are changing the game

With the evolution of digital processes changing the way we do everything in life, how are virtual credit cards changing the game? What are the mutual benefits gained for both businesses that offer them and the consumers that use them?

Efficiency

Manual processes take time and that is the case for most operations in business. Even consumers when faced with a manual process, likely groan with frustration. As a society, we’re becoming so used to automation and quick service that to revert back to anything manual is a headache.

Virtual credit cards provide efficiency and help to automate a lot of the labor-intensive tasks that businesses have to manage when it comes to offering physical credit cards to customers.

Reaching a larger audience

With a virtual credit card, its primary use was to help multinational businesses make payments to suppliers and clients through the most secure and efficient means. A virtual credit card being used more broadly allows businesses to reach a larger audience. Credit cards, they’re universal, meaning they’re used as a payment method for most purchases.

Virtual credit cards provide efficiency and help to automate a lot of the labor-intensive tasks that businesses have to manage when it comes to offering physical credit cards to customers.

Increased security

Security is something that everyone is concerned with when it comes to sensitive information. Virtual credit cards provide that extra layer of security that provides peace of mind to consumers who are actively making purchases online.

The benefit of virtual credit cards is that they offer a unique 16-digit card number each time that expires once the payment has been completed. They also have parameters such as length of time for use and the type of merchant that it is used on.

Convenience

Virtual cards work effortlessly with digital payment processes already in place. From contactless payments to mobile wallets. Being able to simplify the payment process for consumers, employees, and businesses, is helpful to spend without the hassle.

The use of virtual credit cards is applicable in various scenarios whether it’s paying for dinner during a client meeting, to paying for business transport.

Introducing your business to virtual credit cards

If you’re a business looking to introduce virtual credit cards for your consumers, then it’s very easy to do so. Introducing virtual credit cards for employees helps the business in several ways, including the following:

• Control over credit card spending – Credit cards are created specifically for the employee in question. That means a spending limit is applied where needed.
• Access to valuable insights – Virtual credit cards open the doors to data, which is helpful for a business to understand the spending habits of employees. It means businesses are able to intervene when necessary.
  
• No need to chase for credit card receipts – Credit card receipts are logged immediately by the employee. This helps speed up the expenses process and avoid chasing down credit card payments.

6 best software small business owners should use

We’ve listed the six best software tools that are valuable for your business and the reasons why you should consider using them.

Redwerk

For a tech startup or SaaS development company, the best software solution is Redwerk. It provides software development solutions for small business owners starting from scratch. It’s cost-effective, secured, flexible, and agile.

Coastal Cloud

Coastal Cloud provides solutions for small business owners’ marketing and sales needs. It can help boost business processes by auditing, cleaning up, conducting fast data migration, and enhancing the system and the platforms that you use to facilitate your marketing automation processes.

Webdew

Webdew is a certified partner of HubSpot, a CRM platform that helps in generating leads and close sales. This software solution offers website designing and development, and website migration.

Trello

Trello is a web-based project management collaboration tool that organizes tasks and projects in a team. Small business owners benefit from using this software application to brainstorm with team members, monitor the progress of each member’s tasks or team’s projects, to track whether a task or a project is in progress, ongoing, or done (completed). This application allows users to create a card, describe a task or a project, assign tasks to a colleague or show the involvement of team members in a project. It shows the overall progress and status of projects.

Smartsites

Small business owners and tech startups use Smartsites for web design, search engine optimization, pay-per-click, and conversion rate optimization for the website. It provides excellent website service with desirable results for a reasonable price. This software solution offers technology solutions to generate more leads for your pipeline of prospect clients, and quality PPC campaigns.

Zoom

Zoom is a cloud-based video conferencing tool used by small business owners for virtual meetings, phone interviews, webinars, online group events, and chats? While in a meeting, an interviewer could record the entire session with its recording feature. Zoom meetings lasting for more than 40 minutes are possible when you upgrade your plan from Zoom Basic, which is free, and upgrade to Zoom Pro, which is the paid plan. It is a software solution for small business owners in the health care, education, government sectors, financial, and eCommerce industries.

Advantages of investing in a software as a small business

Here are some common pros of investing in a software as a small business owner.

Saves time and money

Boosts productivity and leads to a faster turnaround time

Using software boosts productivity by aligning all the members of a team or a workforce. Knowing who’s working on what makes all the members of a team feel a sense of inclusivity and a sense of urgency. It gives a boost in team productivity by overseeing all the project status, whether it’s in progress, ongoing or completed, or done. Hence, using software that boosts productivity leads to a faster turnaround time and quick completion of tasks and projects.

Increases profit

Conclusion

Using smart software would take your business to the next level. Whether your industry is eCommerce, healthcare, e-government or e-learning, media and entertainment tech, and game development, investing in the right software solutions is the best decision you will ever make as you can rely on it from day to day and it can grow your profit for years.

Fleet management tools

Fleet management software and solutions have always been a table-stakes investment for companies with their own vehicles to organize and manage. However, in recent years, the demand for intelligent, high-level tools in this arena has increased, influenced by new regulations, and a desire for businesses to cut costs on fuel and maintenance.

The most powerful fleet management systems today come with a host of advanced features to empower and inform business leaders. For instance, tachograph management technology allows companies to access live insights into the status of a driver, and provide instant technology analysis. This can lead to better compliance among field-based teams, enhanced fuel efficiency, and reduced costs for the entire fleet.

The cloud

The cloud is far from a new concept in the business landscape, but it is a great example of how to leverage software solutions and also an area that has been generating increasing investment in the last few years. The majority of companies have begun moving at least some of their operations into the cloud, as a way of accessing better business continuity, agility, and flexibility for their teams.

Today, the cloud can host everything from crucial business data to software for remote employees and communication tools. With the right ecosystem, companies can develop an all-in-one digital hub where staff members can access all the information and technology, they need to stay productive from anywhere. This is paving the way to a new age of remote and hybrid working, where employees can connect with their colleagues and business from any environment.

Extended reality

Extended reality or “XR” has quickly evolved from a sci-fi concept into something many business leaders are embracing on a massive scale. The term covers everything from augmented and mixed reality to virtual reality, for combining real and digital landscapes. Extended reality investments can have a huge range of benefits for different companies. For instance, manufacturing teams can use VR tools to help distributed employees around the world work together on building blueprints for a new product, without wasting time or resources.

At the same time, Augmented Reality (AR) apps can provide teams with instant access to information when they need it most, overlaid on top of the physical environment. For instance, an engineer could use an app to scan a system and see its internal components labeled through their smartphone camera.

Artificial intelligence

Another exciting opportunity for businesses comes in the form of artificial intelligence or AI. There are countless different examples of AI in the business world already, from virtual assistants which can help employees to find information with nothing but a voice request, to chatbots. In the modern business world, many executives are investing in artificial intelligence to augment and support their human workers, as well as deliver a better quality of customer service. AI tools implemented into a contact center environment could allow organizations to leverage real-time insights into the sentiment of a customer as they talk to an agent. The same tool could then offer suggestions on how to solve an issue or rectify a problem to employees.

Automation

Often considered a sub-section of the AI landscape, automation is the technology that allows companies to remove the need for human input in certain processes. This is a great way to reduce micro stressors from day-to-day mundane work tasks. Automation is growing within several sectors and in a host of different forms. Automated chatbots can be used to respond to customer queries and deliver service when human agents aren’t available, allowing for 24/7 customer support. Alternatively, on the production floor, an automated system could allow robots to build certain components of a product without the need for a human to guide them. Automated tools can reduce the number of repetitive work employees needs to do each day, allowing staff to focus on more complex projects which require human input.

What are online privacy laws?

Online privacy laws are pieces of legislation that protect online users’ privacy. These laws help to ensure that individuals’ personal information is not shared without their consent or knowledge. These laws regulate how companies collect and use data in many cases.

The importance of online privacy laws have become increasingly important in the digital era. This is because so much of our personal information is now stored online. For example, we often store our addresses, phone numbers, and email addresses online. Furthermore, many of us use online services such as social networks and websites to share information about ourselves with others.

Why are online privacy laws important?

In the digital era, online privacy is more important than ever. With so much of our lives online, we leave behind a digital footprint with every click and keystroke. This footprint can track our movements, preferences, thoughts, and feelings.

That’s why online privacy laws are so important. These laws help protect our information from being collected and used without our consent. They also give us the right to know what information is being collected about us and how it’s used. Without online privacy laws, we would all be at the mercy of corporations and governments who could collect and use our data however they please. If you feel that your privacy has been breached, you can find high quality digital privacy lawyers available here.

Here are a few other reasons why online privacy laws are so important:

1. Personal information is often shared without the person’s consent or knowledge. This can include your email address, password, or personal ID number. If someone else gets access to this information, they could misuse it or even abuse it.
2. Online privacy is essential for protecting your identity. If your personal information is stolen, it could be used to fraudulently open accounts in your name, sell your personal information on the black market, or even harm you somehow.
3. Your online privacy is also important for protecting your freedom of expression. If you don’t want people to know what websites you’re visiting or what posts you’re making on social media, you need to protect your privacy settings.
4. Finally, online privacy is important for protecting your right to free speech. If people know what websites and posts you visit, they may be less likely to share sensitive information with you or attack you for speaking out.

The future of online privacy laws

Since we live in the digital age, we are always connected to the internet. Digital devices and information constantly surround us through our smartphones, computers, or even televisions. With such an interconnected world, there is a greater need for online privacy laws.

As the digital world continues to evolve, so do the risks to our privacy. It is important to stay up-to-date on the latest threats and take steps to protect yourself, such as using strong passwords and being cautious about what you share online.  

 Currently, no comprehensive federal law in the United States governs all aspects of online privacy. However, several laws address specific privacy concerns, such as the Children’s Online Privacy Protection Act (COPPA) and the Electronic Communications Privacy Act (ECPA). In addition, many states have passed laws addressing online privacy, such as the California Consumer Privacy Act (CCPA).

 We will likely see more online privacy laws in the US as privacy concerns continue growing.

Conclusion

The digital era has brought with it a host of new challenges when it comes to the importance of online privacy laws. With so much of our lives now taking place online, it is more important than ever to have strong laws in place to protect our information. While there are still some improvements to be made, online privacy laws are an important step in the right direction and will help keep our information safe from misuse and exploitation.