Outsourcing: Save your budget during a crisis caused by COVID-19

by Kate Libbie | April 3, 2020 4:16 pm

COVID-19 came as a black swan creating mayhem not only in the IT-sphere but also in businesses of all kinds. From slumping sales to transition to remote work worldwide, CEOs and managers are struggling with a wide variety of problems. Old methods are powerless. To protect yourself from the global economic collapse, it is imperative to search for alternative business solutions. Today we will tell how outsourcing could serve as a key for saving your budget during a crisis caused by a coronavirus.

How does COVID-19 rewrite the future of business?

The world has just stopped. Every day we observe a massive shift towards downfall in the economic world and usual order of things. The quarantine takes away millions and billions of dollars, and every day these figures become even bigger. These economic consequences will be felt throughout 2020, and possibly longer.

Contrary to other fields, the IT industry remains to be less vulnerable, so it continues to operate on the market. But, this doesn’t mean it doesn’t affect it at all. Coronavirus pandemic affects the degree of business activity, and here are some fundamental changes:

All this suggests only one thing – the one who remains flexible and online will survive. And when it comes to flexibility and effective organization of remote work, outsourcing can be a great way out of the COVID-19 crisis.

How does outsourcing help to overcome the COVID-19 crisis?

In a situation of instability, an uninterrupted back-office is required more than ever. Outsourcing practice [1]helps companies solve functioning and development problems by reducing costs, increasing adaptability to environmental conditions, improving the quality of products and services, and reducing risks.

benefits-outsourcing
There are several benefits you can reap from outsourcing:

To sum all the points mentioned above up, outsourcing is a great way to increase the efficiency and profitability of the enterprise during an unstable situation.

Tips for choosing a competent outsourcing company

It could be wrong to say that every outsourcing company will provide you impeccable results. For making a proper decision, there are several points for you to keep in mind.

tips-choosing-outsourcer

Cooperation with the independent provider might strengthen your internal team and assists in achieving the set goals.

Final word

It is too soon to tally up the total costs of the COVID-19 crisis, ’cause it is still ongoing. After all, nobody knows how long it is going to last and what consequences we will face later. The economy and life may be reshaped, and the time ahead may be the hardest for everyone. We are all in this together. Right now, there is no other way than help each other as best you can and lean on those you trust. Stick together and choose trustworthy business colleagues.

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Endnotes:
  1. Outsourcing practice : https://qatestlab.com/
  2. QATestLab: https://qatestlab.com/
  3. corresponding pricing models: https://qatestlab.com/approach/business-models/
  4. Outsourcing, Outstaffing and Independent QA: What is the Difference?: https://blog.qatestlab.com/2019/05/29/outsourcing-outstaffing-independent-qa/
  5. How independent testing helped to win the court (Real Case!): https://blog.qatestlab.com/2019/01/31/independent-testing-court/
  6. Why QA Companies Use the Offshore-onsite Model: https://blog.qatestlab.com/2017/05/18/offshore-onsite-model/

Source URL: https://blog.qatestlab.com/2020/04/03/outsourcing-crisis-covid-19/