Biz Models

In outsourcing industry, client’s needs vary with the time and so, it is not possible to offer a red line, defined & fixed solutions all the time. The outsourcing business partner has to be very flexible in terms of offering its services. Neyox offers three business engagement models keeping in view the changing scenario and new challenges faced during IT Outsourcing. We provide flexibility and transparency to our clients and partners through our business solutions & engagement models.

Our business engagement models have been tailored as per our clients’ needs to fit their budget, project requirements and team coordination. At Neyox, we are not even flexible but also supportive in terms of delivering the projects on time. By keeping the scope of work in mind, we offer three business engagement models to our clients, as follows:

1. Fixed Price Model
2. Time & Material Model
3. Dedicated Virtual Employees
   
   

Fixed Price Model

The model is most well-matched for projects where the requirements, scope of work, time line and deliverables are clearly defined. If you are the first time outsourcer or concerned with cost fluctuations, you can opt this model with Neyox.

Features

• The project duration and cost estimation carried out in advance before any project takes place.
• An agreement of mutually agreed fixed costs is signed in between. The fixed cost is decided on the basis of project size, scope, complexity & other factors involved.
• A fixed payment continues as the milestones are achieved one by one.

Advantages of this Model

• This is a low risk model where you don’t need huge budget to involve in outsourcing business.
• This model allows the client to keep a back up in advance of an exact budget.
• Payments are justified along with the project completion.
• This model offers transparency and clarity of project before and during execution.
• This model helps outsourcing vendor to execute the project very fast because of exact defined project guidelines.

Time & Material Model

This model is most well-matched for projects where requirements, scope of work, time line and deliverables cannot be clearly defined at one go or the project is scalable which may demands inclusion of new technologies. Neyox suggests this model to clients who are not clear with their project and may change the project specifications while executing the project anytime.

Features

• The cost is dependent upon the team size of your virtual employees and no. of man hours involved.
• The client can allocate virtual employees as per the project requirement.
• There is regular communication between client and your virtual employees.
• Your virtual employees report to client on regular basis.
• Our project managers help our clients supervising their virtual employees and managing their projects effectively.
  
  

Advantages of this Model

• The client can control his virtual employees as per requirement/work load.
• The client can upgrade any changes (design, technology etc.) anytime during the project execution.
• The client can control the budgets by defining scope of project and no. of virtual employees involved.

Dedicated Virtual Employees/Offshore Business Model

This Model is highly recommended for large on-going projects, product development, product enhancement and support, product re-engineering and maintenance etc. At Neyox, the clients can employ individuals or a team for short term or long term basis.

Features

• In this model, dedicated virtual employees work exclusively on clients’ project.
• Dedicated virtual employees act as an extension of your own team.
• Dedicated virtual employees work with complete transparency.
• An experienced project manager works along & supervises dedicated virtual employees which ensure the quality work.
• The cost is dependent on team size, expertise levels and project duration.
  
  

Advantages of this Model

• Dedicated virtual employees are completely focused on clients’ projects & requirements.
• This is cost effective model as compared to onsite employees.
• This model offers a flexibility to deploy a number of dedicated virtual employees across projects based on priorities.
• The client can use a ready to use infrastructure at Neyox office.
• No worries about: labor taxes, monthly employee salary, hardware/software issues, HR policies, infrastructure & other fixed expenses.
• No contract. Ten (10) days notice period only.
• The client can have a complete control on his project and dedicated virtual employees.