Our Virtual Office services enable a foreign company to establish a custom-built offshore operation in Armenia fully hosted and managed by Sourcio. These offshore operations typically have their own office space, their own management staff, and almost operate like mini-companies within Sourcio. There are many similarities between our offshore staffing and virtual office services. The main differences lie in the fact that offshore staffing is typically smaller in scale and manpower-driven while virtual captives are typically larger in scale, process-driven, and require a great deal of customization and autonomy. Most of our Clients at the beginning start with a small team using our staff leasing services and then over time, add more and more processes and people to their offshore operation. There is no certain distinction between a large offshore team and a virtual office, and many of our Clients have created virtual offices over time moving their development activities fully to Armenia and making their offshore delivery center a strategically vital part of their business.
We distinguish between two main models: the virtual office and offshore outsourcing model. The virtual office is a 100% owned subsidiary established as a branch of a parent company in a totally different geography. In this model, parent company owns the right of maximum control. However, establishing captive center requires long time and consumes large initial investments and also long term commitments. In the 3rd party outsourcing model, a company contracts an external party to manage entire business processes. In this model, execution responsibility and implementation risks are moved to 3rd party provider. Though, this typically comes at more costs and loss of operational control.
Sourcio's virtual office model represents combination of strengths of virtual office and offshore outsourcion models. In that case, in order to establish a custom-built offshore operation in Armenia your company will use all the needed resources and local presence of Sourcio. Sourcio provides all necessary human resources, assets and support services like an offshore outsourcing provider does. The main difference lies in the operational control. If virtual office model is used the operational control totally passes to Client's hands, i.e. operation of offshore activities, execution of workflow processes, usage of IT assets and tools and management of daily operations. Even office space can be built under Client's specific requirements. Each area of Client`s offshore operations can be customised and tuned just exactly to meet Client`s specific needs.
SOURCIO CJSC – IT Consulting Company |
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