Key Benefits of Custom Software Development

Last Updated on January 3, 2022

Nowadays, it’s difficult to imagine a successful business that doesn’t use software applications. They assist businesses in automating workflows, streamlining processes, and managing a variety of resources. However, deciding whether to purchase an off-the-shelf solution or invest in custom software development is not always easy.

In today’s competitive environment, developing software or an application that meets specific business requirements is essential for survival. The process of generating ideas, developing, building, and implementing software for a specific individual or group of individuals within an organization or as a third-party arrangement is known as custom software development.

Custom software is designed to meet the needs of a specific user and is considered more efficient than commercial off-the-shelf software (COTS). Commercial off-the-shelf software is ideal for a broader audience because it addresses a broader set of requirements. Off-the-shelf software is promoted and marketed in order for various businesses to incorporate it into their day-to-day business applications. Microsoft Office is a great example of an off-the-shelf solution because it can meet a broader audience’s generalized needs on a worldwide scale.

However, not every business requirement can be generalized. Business procedures and specific teams do have different demands that necessarily involve the use of specialized solutions. And that is where custom software development comes into play. Custom software suites include, for example, student curriculum portals or industry-specific e-commerce software for a much more streamlined shopping experience.

 

What is Custom Software Development?

The process of designing, developing, implementing, and maintaining software for a specific group of users, functions, or organizations is known as custom software development. Custom software development, in contrast to commercial off-the-shelf (COTS) software, aims at a narrowly defined set of requirements. COTS addresses a wide range of requirements, allowing it to be packaged, marketed, and distributed commercially. Microsoft Office and Sitebuilder.com are examples of commercial software products and services that are packaged together. They meet the needs to the broad requirements of office productivity and website creation.

Every business is unique and has specific business requirements. As a result, it is correct to say that in order to serve unique customers, a company must provide unique services. Custom software applications provide this service. They meet the needs of the business by recognizing what the business wants and how it can be attained. Custom software development is iterative rather than universal, and as a result, needs change constantly. Banking and finance, retail, eCommerce websites, automotive, and a number of different other industries are all impacted by the implications of custom software development.

However, when it comes to custom software development, the needs can be met in other ways, such as when a manufacturing company requires software solutions to monitor its multiple ongoing processes. A banking application may be required to keep records and keep the database safe. An ecommerce company may require an app to track their logistics service in real time. Such custom-built applications are essential for business, so it is critical to understand the process of developing a custom application. Simple applications are typically built in-house because the internal team is well-versed in what the business appears to require. In more complex cases, this has been entrusted to third-party companies that specialize in custom software development services. These products are created using a specific set of methodologies or models. The entire development procedure is considered, from gathering client requirements to exploring the range of the product to be developed, designing implementation, and maintenance is considered under software development life cycle (SDLC). During the development phase, methods such as Agile, DevOps, or Rapid Application Development can be used to create a custom software project. Every company takes a different approach, but the majority of them begin by offering a profitable business proposal that would be ideal for their client company. Then they create a checklist of requirements that are compatible with their service and design the customized application. The software development companies meet all of their clients’ custom needs with their professional and efficient team of resources.

Bespoke software is another term for custom software and its development. The term derives from old English and the tailoring trade. Consider a custom-made suit. Custom software development is typically handled in-house by development teams or outsourced to a third party. Custom software development follows the same processes and methodologies as other types of software development. A custom project would follow the same steps as any other software project, such as requirements gathering, code development, testing, and deployment, and would use the same methodologies, such as Agile, DevOps, or Rapid Application Development. Custom software development efforts include application customization, application modernization, and application management. Application customization is the process of modifying off-the-shelf (COTS) applications to meet specific needs. Application modernization is critical to ensuring that a company’s custom software remains viable in the face of changing user and market demands. Application management improves the effectiveness of software by assisting with tasks such as configuration, upgrading, performance and availability optimization, and service desk functions.

When Should a Business Use a Custom Software Design or Development?

Many businesses run into problems when attempting to integrate existing software with their business processes. Off-the-shelf products are typically difficult to integrate, and while they may help alleviate the problem, they rarely resolve it. Identifying when it is best for the company to invest in custom software design and development can save them a significant amount of time and money in the long run. There are advantages and disadvantages to purchasing off-the-shelf software packages versus developing specialized software from a reputable custom software development company to meet specific business needs. While the company does not have to spend time with the development team to design their software, they can get started right away with ready-made software. However, such applications are vague in terms of end user requirements and may include features that do not exactly meet the company’s specific needs. As a result, even after spending money, the company may still struggle with certain aspects of business automation because some features may not be available in their ready-made software.

Therefore, if business owners have a specific vision or goals in mind, it is much more efficient to use custom software which will be better in the long run, in terms of both time and money cost.

What Are the Key Benefits of a Custom Software Development?

It is not always easy to choose between custom software and a more reasonably priced and ready-to-use off-the-shelf option. While ready-made software may appear to be less expensive at first glance, it frequently has recurring costs that make it less advantageous in the long run. Furthermore, ready-made apps typically require customization in order to effectively support company operations. Over time, it may become apparent that they lack critical functionality, necessitating their redevelopment. Finally, when scaling up their project, the company may encounter some unexpected costs.

Unlike off-the-shelf solutions, custom software does not require any license fees. Finally, its implementation can be planned and developed iteratively based on the company budget. However, most businesses will discover that custom software provides far more benefits than mass-produced software. The following are some of the most significant advantages of custom software development:

1.      Personalized Product That Is Tailored to The Business

One of the most obvious advantages of custom applications is personalization. Packaged software may have a wide range of features and functionalities, but it is designed to serve a wide range of companies all at once. That being said, in a competitive business environment, developing a distinct identity in a market segment usually ensures a first-place finish. Software designed specifically for the company’s needs aids in this endeavor. Customized solutions are designed to meet the project specifications to the letter, address challenges, and focus entirely on the company’s strengths. A development team with experience in custom software development will assist them in delivering an intuitive solution that includes requested features and incorporates technologies of their choice.

Since no two businesses are the same, it makes sense for them to look for software that caters to their specific requirements. Having a personalized software product created for a business helps ensure that the software contains all of the features and functionalities that the organization requires to streamline business processes. Software developers can create software that aligns with business goals and gives organizations plenty of room to grow. Because it will be designed to support a specific business’s identity, custom business software can complement a working model better than off-the-shelf software ever could.

2.      Greater Scalability & Flexibility

When it comes to technology for a business, scalability is one of the most important factors to consider. A company’s software should be scalable enough to meet both current and future needs. As the company grows, it may be necessary to add new features and functionalities. As a result, it is preferable to acquire software development in a scalable manner. This feature is not available in off-the-shelf software.

The business environment is constantly changing, and businesses must adapt to new circumstances in order to remain competitive. Off-the-shelf solutions may be adequate for meeting current company needs, but they may lack sufficient flexibility and scalability in the long run because they cannot be modified at will. Personalized software is created to meet all of the needs of the business. Thorough analysis during the discovery and prototyping phases allows for the consideration of various scenarios, even if needs change over time. Custom solutions can fully accommodate the company’s requests, whether they want to add new features, increase product capacity, or simply support the company’s growing demands.

3.      Free Software Licensing & Cost Effectiveness

Due to the high cost of custom software development, some businesses are hesitant to invest. Although custom software development typically costs more up front than off-the-shelf software, businesses get more bang for their buck. Custom software development is a wise business investment that typically saves companies money in the long run.

There is no need to buy additional hardware, obtain licenses, or pay for features that employee will almost certainly never use. Businesses that choose custom software development have the opportunity to create personalized software from scratch in exchange for an initial investment. The development cost includes everything from design to post-development support at no additional cost. The company does not need to spend extra money on  software licensing and maintenance unlike the ready-to-use applications.

4.      High Security & Reliability

Data access and security concerns are a major concern for many B2B and B2C companies today, affecting many end-users in the market. People who conduct business online want to know that their transactions are safe and secure at all times. Supporting costly security protocols may require a user to pass on additional costs to the services that the company provides to their customers. This may cause them to lose their market competitiveness. Furthermore, the flow of data within the organization’s internal processes must be regulated by implementing strict security standards. Custom software development gives the company the ability to choose which data-security technology or protocol is best suited for the business and incorporate it into their software.

Custom designed software is thought to be more reliable because it is designed in accordance with the organization’s and business field’s highest security standards and technologies. Healthcare, insurance, and fintech firms, in particular, rely heavily on custom software solutions to ensure full compliance with all regulations and the protection of vulnerable data.

The process of developing tailored solutions entails a thorough analysis of the company’s requirements, the application of best practices, and the consideration of hidden risks and issues that may arise along the way. Custom software that has been thoroughly tested reduces the likelihood of intrusion while also ensuring high performance and reliability to provide maximum value to the business.

5.      Receive Continuous Technical Support & Maintenance

No matter how good a piece of software is, there will come a time when it will have a bug or require an update. When this occurs, it is critical to be able to contact customer service for assistance. Off-the-shelf software typically comes with little or no support, making it difficult to troubleshoot issues as they arise. Businesses that develop custom software have access to ongoing support from a team of dedicated IT professionals who can assist with updating and maintaining custom software. Ongoing technical support aids in the reduction of downtime and the efficient operation of business processes.

Another significant advantage of custom software is the company’s ability to rely on ongoing support and maintenance. In the event of a problem, a dedicated software development team will provide the business with efficient technical support. They understand the application so well that they can easily update or tweak it whenever the need arises. With ready-made applications, the company is completely reliant on the provider of a product they use and has no control over the time it takes to fix issues or receive updates. Because renewals are critical, the company may incur additional costs. Furthermore, a manufacturer of off-the-shelf software may discontinue its upgrade at any time, which may have an impact on business operations.

6.      Uniqueness & Exclusive Ownership

Unlike commercial off-the-shelf software applications, these applications give users special ownership that businesses can use to resell and profit. One of the most obvious reasons is that the company has complete control over the developed app and can modify it to meet its needs.

Unlike packaged solutions, built-for-your-needs software grants the company exclusive ownership, giving the company complete control. That means the company is free to make changes and leverage its potential in accordance with your business requirements. Furthermore, there are no license fees, rules, or regulations that limit the company’s ability to invest in their own application.

7.      Improve Productivity

Businesses that rely on off-the-shelf software that does not provide all of the features and capabilities that the company requires for its operations often experience more disruptions than businesses that use custom software. Having software developed that meets the specific needs of a business allows employees to work more efficiently and confidently.

Employees may also be more motivated to complete their responsibilities to a satisfactory level if they have the appropriate software to support their job needs. Employees who are more productive and driven complete more work in less time, which benefits the company’s bottom line.