Choosing the wrong outsourced company can cause your startup to lose hundreds or even millions of trillions. Based on appstronauts.co which wrote a case of loss that occurred to the University of Cambridge NHS foundation when they were hired by the US software development company. They lost 200 euros and experienced a 20% drop in performance on their system after their project was finished.
Thoroughness in choosing the right partner to support the project you are developing is very important. Our post this time will help you choose a company that will really help you and not make you lose.
10 Selection Criteria Best Development Partner
- Experience with Product Life Cycle
- Versatile Tech Expertise
- Strong Portfolio
- Strong Domain Expertise
- Industry Recognition
- Established Security Policy
- Company Size
- Technologies, Partnerships, Certifications
- Reviews and Testimonials
- Communication
1. Familiarity with the Product Life Cycle
It is important to remember that you are looking for a partner to handle your business project. You should define a standard vendor who has experience with the product life cycle.
Vendors must be able to discover products, create advanced prototypes, and analyze the business. A reliable partner must be able to drive your project forward, from product discovery, to launch, and post-launch support.
If there are complaints or requests for updates from your users in the future, your partners must be ready to support you. Wouldn’t you choose to outsource to lift the burden off your shoulders? For that, you need an experienced vendor.
2. Diverse Technical Knowledge
Let’s say maybe for your current project you only want to develop microservices, so you only focus on finding vendors who are experienced in microservices development.
However, leveraging the knowledge and expertise of your partners will save you more money. Even if your company doesn’t rely on technologies like Big Data or AI right now, for example, you may need them in the future.
So, choose a vendor who has matured with various expertise in the field of technology, and always think far ahead.
3. Good Portfolio
Before selecting a vendor partner, you must ensure that the partner you will choose has direct experience with your similar project. You need to know how they are performing when developing the project, and what solutions they offer. So, you need to browse the portfolio of your potential vendors.
4. Strong Domain Knowledge
If your prospective vendor has strong domain expertise it means that they already have in-depth knowledge of compliance and regulations specific to this business vertical.
So keep in mind, look for vendor companies that have worked in your domain, and partners who have successfully developed reliable software for their previous clients in your domain.
5. Industry Recognization
Another thing you need to make sure is that your vendor partners have the most reputable industry awards that will help you select the best software development company. Example of industry recognition is Global Outsourcing 100 by IAOP, Software 500, and other rankings.
6. Developed Security Policy
Another basis that must be ensured is that your partner complies with data protection standards. Some examples of data protection standards that must be complied with are as follows:
- ISO 27001:2013 ensures the company establishes a safety management system for its clients.
- ISO 9001:2015 signifies a high level of organizational management.
- EU ensures data protection and privacy on the territory of the European Union.
7. Corporate Size
The size of the software development company and the scale of the project are criteria that you must pay attention to. Medium and large vendors will have more internal resources and a larger pool of external resources too, so they can easily expand their team or rotate people to different projects if you need to reduce them.
8. Technologies, Collaborations, and Certifications
You need to know what kind of technology your potential vendor partner is using, the solutions they are used to, and what tools they will use for your project.
Getting a partner with a reputable company is a good sign, a certified partner with a global tech giant like Microsoft, Google, or others means the partner company has been recognized by industry leaders.
9. Reviews and Testimonials
When selecting a vendor partner you can visit a review platform such as Clutch or GoodFirms to get feedback about the vendor company you will choose. The reviews they get are also from their previous clients, so they can describe their performance when working with you.
10. Communication
Communication is an important factor that must be included in the 10 criteria for choosing partners. Poor communication skills will hinder your project, and create unclear collaboration, and misunderstandings.
Therefore, you must ensure that you and your potential partner use uniform language so that there are no mistakes
Avoid the Wrong Software Development Company to Accelerate Your Startup
By knowing the exact criteria for a software development company, you can at least avoid losses in the outsourcing strategy. Once you know these criteria you can learn more about our startup developer Indonesia profile. To be used as a reference in your next project.
Who We Are and Why Are We Considered as Industry Experts?
This article is written by experts at Emveep. We have over 8 years of experience in delivering custom software development services to startups of different verticals. Our other services also include Cross Platform App Development, Web Development, Mobile app development, and custom enterprise.
