Benefits of hiring an established solution development team

A company looking to outsource software development has two options: hire developers who are not connected to each other and manage them or hire a team of developers with a project manager and avoid having to spend time on management.

In this article, you will learn about the solution development team (SDT) service option. We will show you the benefits of such an approach and explain what makes teams more than just a group of developers.

Basically, simple outstaffing is when a company hires a vendor’s people to develop an app. But in this case, the developers just do what you say. On the contrary, if you hire a solution development team, the vendor takes more responsibility and provides you with solutions, knowledge, additional tech experts, and more.

You can also hire a 100% established SDT for Fintech. This team comes with management and is efficiently organized, structured, and aware of the finance sector and Fintech domain. You don’t need to educate team members or invest in their personal development. With such an approach, you will reduce the costs of the solution.

Our experience shows that most clients have a deep knowledge in the field of finance, but not enough knowledge and experience in the technical field. That’s why we created teams to meet the needs of each client. These teams find out what to do and suggest how to do it. The experience of the team allows you to find the best way to implement customer plans by anticipating and avoiding possible problems. Experts in the team are interested in the project’s success because it represents not only the client’s goal but also the expert’s reputation. Therefore, developers do everything possible to quickly and efficiently achieve customer goals.

Benefits of the Solution Development Team

It is crucial to have a team that is motivated to perform quickly and reliably to release the product to the market. If you have a team of experts who know each other well, you will easily achieve this goal. Such a team of developers is ready to start a project at a moment’s notice and doesn’t need time to get acquainted with one another. 

Imagine that a vendor offers you a full team, including management. What does this mean, and how will it benefit you? From a business model perspective, you can integrate a ready-made team into your company without worrying about its management. This approach has several benefits:

Achievement of the goals

• If you do not know all the technical aspects of the work, the team will help you understand them, and the manager will ensure that the work moves forward without stopping. There is always a person available who is responsible for the achievement of the main goals. The responsibilities of this person are to guarantee that the client and the development team are on the same page. The SDT will report to you about milestones, key points, problems, and the progress of your project.

High-level professionalism 

• The modern IT business does not work without continuous self-improvement. The market is changing rapidly, and under such circumstances, the self-development process is a must. The vendor is responsible for that, and you can be sure INSART will maintain a high-level of professionalism for every team member who will work on your project.

Complete team with established processes

• Sometimes companies avoid hiring third-party developers because they think must invest time and money into building a team, organizing people, training them, motivating them to work, helping them understand the work, and establishing the structure of the project. But the truth is the SDT service exists to help the client avoid all this. Instead, the client just hires an already complete team with established processes, motivation to work, appropriate structure, and an effective knowledge base. 

The Solutions Development Team Is Not Just a Group

The existence of the following characteristics distinguishes the team from any group of people:

• Goals. Setting a goal helps the team unlock its true potential. Without a goal, progress is haphazard.
• Empowerment. Each team member is empowered to make decisions based on their expertise. The team is empowered to make decisions within the responsibilities agreed upon during foundations of the project.
• Skills. All the core skills required for the project must be present within the SDT. A team with diverse skills will function as a coherent unit if the team members have good communication skills and the willingness to work with others.

Core team skills include the following:

○  Hard skills (practical skills in particular technologies and approaches required for the project)

○  Soft skills (communication, social, and interpersonal skills)

• Structure. A team structure defines the relationships between activities, clients, and team members. Team structure can have a huge impact on the distribution of authority and how team members collaborate and work together on a daily basis. Regardless of the team size, the way it is organized should help form relationship dynamics and create a collegial work environment.
• Rules. To work efficiently and avoid conflicts, the team members (sometimes together with the client) agree on the basic rules of teamwork that will govern the team’s behavior. The rules cover workflow, collaborative activities, and security aspects.

Summary

It is always possible to hire a group of developers, but if they are not a team, you will be creating more problems than benefits. You will need to spend a lot of time to find and train them and to establish relations between management and employees. You can overcome all these problems by hiring an already established professional developers team with proven expertise and experience in the Fintech domain. To find out more details or to ask questions, call one of our experts.