Nowadays, it’s hard to imagine a successful business operating without software applications. They help companies automate workflows, streamline processes, and manage diverse resources. However, it’s not always easy to choose between acquiring an out-of-the-box solution or investing in custom software development.
If you’re thinking of supporting your business with a software solution but not sure what category suits you better, then knowing the benefits of tailor-made software will help you make the right decision. Let’s take a look at the basics first.
What Is Custom Software?
Custom or bespoke software is an application designed uniquely for your goals and needs. Contrary to off-the-shelf solutions, that are mass-produced and available to the general public, tailor-made apps provide businesses with an opportunity to implement a project idea based on specific requirements.
Custom software is developed for a particular company to cover its critical functions or fill the gaps present in existing IT solutions. Its ability to accommodate exclusive preferences and expectations allows organizations to stand above the competition, accelerate their business, and boost the advantages.
When Choosing Custom App Development?
Custom app development undeniably brings a plethora of benefits that we’ll take a closer look at further on. However, there are a few considerations to mind before investing in the development of a tailored software solution for your company.
Generally, designing an app from scratch is a complex and time-consuming process involving the extensive expertise of a development team. If time isn’t on your side and you need to implement a solution as quickly as possible, then out-of-the-box software might be a better choice at the moment.
Another factor to take into account is the software development cost. In the short run, ready-to-use digital tools can save your budget as long as they provide you with the desired functionality, match your standard requirements, and don’t need any customization.
On the other hand, off-the-shelf software can’t meet the demands of all kinds that modern business operations have. In case when your IT solution should handle complex and nonstandard processes, comply with high security and industry regulations, or simply be a springboard for your business to advance — custom solutions remain the right option to go for.
Benefits of Custom Software Development
While considering building a tailored solution, you might doubt if it’s worth the time and money invested in its development in your particular case.
Whether your goal is to extend the reach or elevate operations, knowing the advantages of custom software development will help you make an informed decision.
One of the most obvious benefits of custom applications is personalization. Canned software may offer a wide range of features and functionalities, but it’s made to serve a wide range of companies at once.
That being said, in a competitive business environment shaping a unique identity in the niche usually ensures a leading position. Software designed exclusively for your requirements helps you achieve that.
Tailored solutions are built to fit your project specifications to the letter, address challenges, and leverage your advantages.
A development team experienced in custom software development will help you deliver an intuitive solution that will include requested features and incorporate technologies of your choice.
While ready-made software might seem less expensive at first glance, it often has recurring costs that make it less beneficial in the long run.
On top of that, ready-made apps generally require customization to efficiently support company operations. Over time, it may appear that they lack critical functionality, which leads to their development from scratch. Finally, you can face some hidden costs when scaling up your project.
In contrast with off-the-shelf solutions, bespoke software doesn’t entail any license fees. Ultimately, its implementation can be planned based on the company budget and developed iteratively. For example, you can always start with an MVP version to validate your idea and then develop a full-fledged product.
3. High Security & Reliability
Bespoke software is considered to be more reliable as it’s designed in accordance with the highest security standards and technologies of your organization and business field.
In particular, healthcare, insurance, and fintech companies majorly turn to custom software solutions that provide full compliance with all the regulations and enables protecting vulnerable data.
The process of building tailored solutions includes a thorough analysis of your requirements, applies best practices, and takes into account hidden risks and issues that may occur along the way.
Being properly tested, custom software reduces the chances of intrusion and ensures high performance and reliability to deliver maximum value for your business.
4. Continuous Support & Maintenance
Another significant advantage of custom software is continuous support and maintenance that you can always count on.
Your dedicated software development team will provide you with efficient technical support in case you encounter any problems. Knowing your application inside and out, they can easily update or tweak it whenever such a need arises.
With ready-made applications, you’re entirely dependent on a provider of a product you use and can’t control the time on fixing the issues or getting updates.
Keep in mind that renewals crucial for your company may come at extra costs. On top of that, a manufacturer of out-of-the-box software can discontinue its upgrade anytime that may affect your business operations.
5. Flexibility & Scalability
Business environment is constantly changing, and companies have to adjust to new circumstances in order to stay competitive.
Off-the-shelf solutions may be good enough to address current company needs, but, in the long-term perspective, they may lack sufficient flexibility and scalability as they cannot be modified at will.
Personalized software is designed to cover all your required functionalities. Thorough analysis during the discovery and prototyping phase allows you to consider different scenarios, even if your needs change over time.
Whether you want to add new features, increase your product capacity, or simply support the growing demands of your company — custom solutions can fully accommodate your requests.
6. Seamless Integration
For the most part, the company’s operations rely on a wide range of software tools that should efficiently communicate with each other to deliver desired outcomes.
Integration is one of the key benefits that tailored solutions hold over template alternatives. They are built to match other existing systems and processes that your company applies.
Ultimately, seamless integration ensures real-time visibility and improves data accuracy. Implementation of custom-tailored systems and tools allows companies to streamline business operations, automate workflows, and drive informed decision-making.
7. Exclusive Ownership
Unlike canned solutions, built-for-your-needs software provides you with exclusive ownership that gives your company full control of it. That means you are free to make any changes to it and leverage its potential according to your business needs.
Additionally, no license fees, rules, or regulations tie you down when you invest in your own application.
Things to Consider: Disadvantages of Custom Software Development
To take a fully informed decision to build a bespoke solution or opt for off-the-shelf software, it’s essential to consider advantages in tandem with disadvantages. As we’ve covered above many pros of custom software development, let’s take a look at its cons.
Time to Deliver
One of the major disadvantages of developing a custom software solution is that it usually takes a significant amount of time for implementation. Like a suit in a store, a ready-made app is more accessible and might be cheaper compared to the app that’s tailored to your requirements.
Yet, think about the tailored suit — it fits you perfectly because all the individual measurements were taken into account. The same is with the software. It’s designed exclusively for you.
Custom software development invariably incorporates a deep knowledge of tools and technologies, as well as a good understanding of a company domain. While this requirement is met when you partner with a trusted software vendor, it might be the case you’ll need additional technical proficiency on your side to manage and support your app in the future.
On the contrary, canned solutions are considered easier to manage and handle, even if your company doesn’t have a dedicated team of skilled technical professionals.
While it surely can be cost-efficient in the long run, custom software implementation is quite expensive in the beginning. It requires a team of experienced developers working solely on your project. Additionally, it often involves the use of cutting-edge technologies to build a solution catered to your needs.
Join our webinar to learn about the practical ways to evaluate your software project estimates.
October 13, 2022 | 10 am EST
Ready to Build Your Custom Software Solution?
Carrying numerous benefits, custom software development helps companies address their unique goals and needs to advance their business. A tailored approach to designing software is an efficient way to build workflows and organize processes based on the specific requirements of your company.
Our team of developers has extensive expertise in creating custom software from scratch. Experience in a wide range of development technologies and practices allows them to deliver robust digital solutions tailored to the needs of your industry.
We’re always happy to provide you with personalized software to ensure the desired outcome for your company. Contact us today to share your project idea and start working on its implementation.