Software companies that are looking to develop software have two primary options, either to build custom software or to use the readily available off-the-shelf software. A business must first identify what it needs from the software, and it must also analyze the cost of ownership that comes with selecting either of the two options. The expense and the possible risks need to be thoroughly examined before a business can decide which is a sufficient option based on its needs. The extent of the creativity of solutions desired will make a significant impact on the way a business proceeds. A vital factor to consider is also risk mitigation as research conduction is essential to select the most suitable off-the-shelf-software or software vendor or developer.
Custom software can be adapted to cater to individual business needs, whereas off-the-shelf software requires adaptation to its provided resources. It also gives businesses the freedom to make changes or add features at any time. Among the most critical advantages of custom software is its scalability, allowing accommodation for ever-changing needs and industry trends. There is also guaranteed satisfaction due to the exclusivity of the software, and an added competitive advantage as features are unique to the business, and it holds the intellectual property.
Off-the-shelf software is readily available, and this makes it a practical solution, especially if time is a critical factor for the business implementing it. Another great benefit is the factor of familiarity, as various other users have used the software, so there are readily available reviews, community support, etc. The costs are also distributed among many buyers, so this allows for low upfront costs.
One of the drawbacks of having specifically tailored software for company needs is the element of discovery. Any problems that arise after implementation are entirely new as it is unique and hasn’t been tested extensively as with off-the-shelf software. Future considerations such as updates and troubleshooting also need to be taken into account. The time it will take to develop software is also critical as it will depend upon the requirements required by the software company. The more specific and intricate the requirements are for the software, then the longer it will take to develop.
The problem that arises from having off-the-shelf software available to a wide range of users is that it leaves a lot of unused features as it is not customized. Essentially the business paying for it will not be making full use of all its functions and thus not getting the total value for their invested money. One of the further issues that arise from using software designed for different types of users is the element of control.
If you’ve identified your business needs and are ready to learn more about how to streamline your business, contact us today to learn more about how Cornet can offer you top-notch customized solutions.