Every business is unique having specific needs, processes and workflows. Customized software (bespoke software or tailor-made software) is a software specially developed for an organization/user. Therefore, Custom Software Development provides the flexibility and functionality required to meet specific industry standards.
CUSTOM SOFTWARE DEVELOPMENT
When an organization is considering a software solution, normally there are three (3) options:
- Creating a spreadsheet
- Purchasing an off-the-shelf product
- Custom software
Most of the time, businesses will turn to spreadsheets or off-the-shelf software solutions, because it seems to be more cost and time-efficient.
Although, there are plenty of cases in which this is not true. More often than not, the limitation of a spreadsheet or off-the-shelf software can result in higher costs and more time spent. There are a plethora of cases that the quality of the spreadsheet or the off-the-shelf product can be questionable.
CUSTOM SOFTWARE VS OFF-THE-SHELF PRODUCTS
ADVANTAGES OF CUSTOM SOFTWARE
- Complete product ownership
- Developed to meet unique requirements/needs
- Automate unique business processes and transactions
- Achieve greater productivity
- Improve or gain competitive advantage
- Comply with unique privacy or security requirements
- Integrate software with other commercial programs
- Audit/Inspect your company’s workflows
- Increase your return of investment
OFF-THE-SHELF DISADVANTAGES
- There is no ownership of the product
- Hidden costs
- Can be more expensive in the long run
- Expensive or impossible to change
- Limits your control on how your business operates
- Compatibility (e.g. various operating systems)
- Increased complexity. Off-the-shelf systems are more complex in order to cover multi-industry needs.
- Lack of scalability
