ElcoSoft Business Model

We, at ElcoSoft , look at ourselves as a partner to our clients and not just another vendor.

In the new economy, we realize that customers are increasingly demanding the flexibility that best serves their unique business requirements. We provide the option of selecting a combination of business models to suit various phases of a project cycle. We leverage our global delivery capability to offer services “on-site” at the client’s very own premises or “off-shore” at our world-class software development facilities in India. Offshore Strategic Sourcing with ElcoSoft is very different from traditional outsourcing models. With ElcoSoft, you don't give up control and you can dramatically reduce your costs and IT headaches. ElcoSoft's approach to outsourcing can also substantially improve IT effectiveness and help organizations achieve strategic business goals.

Fixed-Price Model

Our fixed time, fixed price model offers customers a low-risk option and can be employed when the scope and specifications of the project are reasonably clear. This model guarantees on-time, on-budget delivery of projects. Deliverables, Costs and Timelines are clearly defined in the Fixed Time/Fixed Price model. In fixed time, fixed-price engagements. ElcoSoft follows a phased approach that includes scoping, development, implementation and business support. Combining the fixed time, fixed price model with our solutions center, we can offer customers a tremendous advantage on the cost front. This model works best for - Customers with well-defined requirements and project schedules. Under this option, the customer pays a pre-negotiated fixed price for the complete project, which in turn is linked to well-defined deliverables. For any change in scope a predefined fixed hourly rate agreed at the initial stage of start of project is paid. For any changes there is a standard change request procedure that is followed for which we have structured processes in place.

Hybrid Model

very often it becomes necessary to undertake a major portion of a project on a Fixed Price basis and at the same time deploy resources on a Time and Materials Pricing basis. We call this the hybrid model. Adopting such a model enables the client to maximize their budgets without compromising any aspect of the project itself.Needless to mention here that this model too can be Onsite, Offsite, Offshore or any combination of the same.This model is used when client wishes to work on fixed price model and when the project scope is not detailed enough to enable us to estimate the effort with accuracy. Based on the initial concept note we define a short initial. We partner with our clients to invest in replicating their IT environments, training our teams, setting up communication & security systems and integrating our development processes with theirs to ensure that the offshore team is an efficient and seamless extension of the client's development facilities. We also invest in creating a pool of additional resources who can be used to augment the team at any time. In addition this system optimizes employee productivity and charges Clients with attractive long-term rates and you can realize what we offer to our clients on a long-term basis. In India, we can establish and manage dedicated offshore development centers to develop IT solutions, maintain legacy systems, and provide 24-hour, on-call support. Usually this model works best for software product companies for whom we setup end-to-end development and support facility working as extension of client’s team. For clients who wish to associate with us for long term this is the best model where savings ranging upto 70% on costs can be achieved.

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