Valueshore Spain, the Government-backed group of
IT outsourcing consultancies, has today announced the launch of its outsourcing
partner selection service which will help businesses identify the right partner
to enable them to take advantage of the innovation and cost-savings available
as a result of outsourcing IT projects to Spain. The service, which has been
developed by a combination of both global and local IT consultancies, includes
organising site visits, providing legal support and offering independent
quality control during the course of the outsourcing project. 

Spain is fast becoming a leading IT outsourcing hub. Wage costs are
approximately half those of the UK, and it has a number of key advantages over
other nearshore and farshore destinations. The region’s geographical affinity
to the UK means companies do not experience the problems of cross-timezone
business, which can make communication and management impossible and travel
expensive and slow. Furthermore, as EU protectionism increases outsourcing
within the EU is sometimes the only option if companies do not want to
contravene certain legislation in areas such as data protection.  In
addition, there are no delays waiting for visas if staff need to work in both the
UK and in Spain. Staff can also travel back and forth in the same day at a
moments notice because of the excellent travel connections. Furthermore, the
region has a long history of business and IT excellence. The top three business
schools in Spain are listed as top ten worldwide by many sources. There is also
no skills shortage with almost 20% of Spanish graduates aged 25-64 holding IT
degrees, compared to 10% or less in any other European outsourcing destination.
Furthermore, with all of these graduates having studied for their degrees using
English language textbooks the standards of English are high. 

Euan Davis, principal analyst at Forrester Research, who compiled a recent
report on nearshoring to Spain, said: “Our interviews when compiling the report
revealed the attractiveness of Spain as a destination for IT service delivery.
Firms rate Spain highly for the skill of its people, the strength of its
technology infrastructure, its nearshore location, and its ability to scale.
Although firms hire companies rather than countries, our interviews show that
Spain offers the ingredients to make a nearshore strategy a success with
competitive differentiators around its large skilled IT labour pool,
industrialized software factories and domain expertise – particular in
financial services, retail and utilities.”

Daniel Naoum, co-founder of Valueshore Spain, added: “If a business is
outsourcing IT, it’s vital that the chosen region can offer something others
cannot. There is little point outsourcing to a country with no proven track
record in IT innovation.  Spain’s IT is ahead of other regions in many
ways – for example government services have been online for over two years
whereas most countries are only in the early stages of projects like these. On
top of this, Spain isn’t saddled with legacy systems which enabled the country
to leapfrog many others in Europe.  Particularly in areas such as banking
– Spain is home four of the top five European banks in terms of cost income
efficiency ratios and this is  largely down to our approach to IT. Spanish
IT staff have a proven record in delivering innovative, successful IT projects
on time and on budget. The likes of IBM, Accenture and Barclays are already
taking advantage with IT hubs in the region. Our goal is to make this kind of
success available to everyone.”

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