Please introduce your company and give a brief about your role within the company?
inVeritaSoft is a family-owned custom software company with a focus on building FinTech and Logistics solutions. Headquartered in Lviv, Ukraine and being present in Chicago and New York company was founded on unique values, where the quality of delivery, customer satisfaction, and individual employee growth matters prior revenue and profits.
As a COO I am mostly conducting sales and at some point have some impact on delivery. As we grew from nothing to over a hundred employees, I’ve been wearing pretty much every hat a technology company could offer.
What was the idea behind starting this organization?
My brother and I founded this company 3.5 years ago when we realized that most of the local service providers see clients as "cash cows," rather than long term partners. The idea is to create a company on a business model where entrepreneurs can access the top 5% of Ukrainian IT talents, without been cheated or mislead.
What is your company’s business model–in house team or third party vendors/ outsourcing?
We believe that culture and environment people are operating within daily matters a lot. That is why every employee is located in-house in a single office in Lviv.
How is your business model beneficial from a value addition perspective to the clients compared to other companies' models?
As an outsourcing company, our growth depends on our client’s growth, that is why clients' success is our main priority as we believe revenue is something coming with that. Despite inVeritaSoft building a firm dedicated team for our customers, we have strong expertise in Logistics and Finance(trading) where we can bring even more value to the clients with the technology and knowledge we have.
What industries do you generally cater to? Are your customers repetitive?
Despite many businesses knocking our doors and are always welcome from well-funded start-ups to enterprise size clients, we strive to build vertical expertise in Logistics and Finance.
Mention the objectives or the parameters critical in determining the time frame of developing a web app.
Good understanding of clients’ business goals.
How much effort in terms of time goes into developing the front end and back end of a web app?
Some projects are more back-end heavy, some of the above are much more front-end heavy so you really need to see a specific case to be able to answer the question.
What are the key parameters to be considered before selecting the right platform for a web application?
Yet again it depends on a specific case but we believe that in-house technology expertise of your technology partner is what really matters.
Which platform and technologies do you prefer to use in development of your web apps?
When it comes to a back-end, we mostly choose .NET and Node.js over everything else unless we have a specific case or part of the scope which needs a different approach. In most cases, front-end is mostly Angular or React-based, but we have some projects developed with the help of Vue.js and without frameworks.
Do you offer website design templates or customised website design, and do you have a responsive website design?
99% of our projects have custom build UI/UX.
Which Content Management System do you prefer to use (Wordpress, Joomla, Drupaletc)?
We prefer and mostly build CMS from scratch to fit the specific needs of a particular project.
Do you provide website maintenance services?
We do mostly maintain and support the projects we deliver.
What are the key factors that you consider before deciding the cost of a web application?
All functional and non-functional requirements, clients timeline and budget overall as well as client’s business goals.
What kind of payment structure do you follow to bill your clients? Is it Pay per Feature, Fixed Cost, Pay per Milestone (could be in phases, months, versions etc.)
Monthly fee in case of a dedicated team and Per sprint billing(every two weeks) in case of outsource model cooperation.
Do you take in projects which meet your basic budget requirement? If yes, what is the minimum requirement? If no, on what minimum budget you have worked for?
$50,000 is something we strive to set as a minimum but it depends on the client’s size/team and perspectives of growth.
What is the price range (min and max) of the projects that you catered to in 2018?
The price range of the projects we catered in 2018 was from $30000 to $mil+