Custom software development is the process of providing a custom solution to a business by designing, deploying, and maintaining custom-made software for a defined set of users and functions in that organization or institution. Unlike commercial off-the-shelf software that targets a broad set of requirements, custom software is developed according to a narrowly defined set of instructions or requirements. Commercial off-the-shelf software meets the generalized needs of various businesses as they are commercially marketed and distributed whereas custom software is designed for specific needs.
Types and Functions of Custom Software
Based on the functions they support. Custom software has different types such as corporate and inter-organizational software, departmental software, treasury management software, or customer self-service software to name a few. All these software serve different functions according to the spoke given to them. For example, some software systems automate enterprise-wide processes and facilitate interdepartmental information flow such as claims processing software, ERP, and operations management software. Others include software that serves the need of specific departments such as software for Customer Relationship Management, Inventory Management, and Financial Management, etc. Business unique and industry-specific software do not need complex and time-consuming customization and can cover business functions like specialized accounting, invoicing, and billing, etc. Some customized software such as personal banking app and web app for online shopping is designed to help businesses deliver personalized customer experiences to gain a competitive edge.
Advantages of Custom Software Development
Custom software development helps companies in improving their business processes and increasing brand recognition by enhancing customer experience. Businesses can choose and pay for the only features that they believe will be profitable for their business. They serve businesses as a long-term solution that can be adopted for current needs and enhanced over time for future needs of the business. This results in high application ROI and saves a business a subscription fee as in the case of off-the-shelf software systems. Following are some of the ways in which a business can benefit from investing in custom software
As custom software is built on purpose, it supports processes in a more swift and productive manner than off-the-shelf software. It serves the unique needs of the business and gives the business a space to grow by cutting adaptation time for standardized software.
It can be easily integrated with existing software to further refine your business processes. Custom software has fewer chances of errors and productivity loss as it has fewer integrity issues and is adaptable to any software ecosystem as it can be built to ingrate with the intended environment. This saves businesses from incurring further costs in getting the software to operate with the existing infrastructure.
One size does not fill all hold true in the case of off-the-shelf software. Off-the shelf software can become a problem with growing business needs; whereas custom software can be scaled accordingly. This saves businesses the cost of additional licensing and subscriptions for additional features of packaged applications.
While custom software is efficient in solving the problems of your business, it can also be licensed and sold to other businesses based on the terms and conditions of your project. Custom software helps business in avoiding price hikes and get stuck in case vendor goes out of business or terminate the software.
Licensing off-the-shelf software requires businesses to purchase additional hardware for it to run smoothly. This sometimes can lead to huge bills as businesses are forced to adapt to what’s available. With custom software, the hardware capabilities of the business are taken into consideration to avoid extra costs and save money. The development and integration of custom software cater to all aspects of your business in order to make the implementation process of the software as unified as possible.
Custom software gives your brand a unique image and competitive advantage in the industry. Businesses can swiftly refine their outlook by modernizing and customizing as per the changing dynamics. Custom software helps your business stand out against its competitors. It also helps you in making the most of customized CRM platforms by fulfilling the unique needs and demands of the customers.
Businesses can focus more on their strategic goals by having custom software that fits their respective business needs without having to worry about fitting the business model into a standard framework. Custom software can be leveraged to focus more on your company’s growth. It is an astute way for businesses to scale and solve problems in robust and effective ways. Outsourcing custom software development enables businesses to improve software performance while focusing on core business tasks.
Khired Network has a team with years of expertise in designing clear and streamlined processes capable of delivering required results. Our end-to-end IT solutions cover your business on all fronts. We specialize in facilitating your digital transformation and help you figure out your development needs by giving you technical advisory and easy to afford solutions. Contact our team of experts now by clicking on www.khirednetwork.com