Bank Smarter, Not Harder: The Best Mobile Banking App Features
Customer satisfaction is key to any app’s success. And the best mobile banking app features elevate the customer experience.
The development of information technology has created favorable conditions for the development of software products. Instead of performing all operations manually as in the past, businesses today prefer to use software solutions to automate such processes.
There is no denying the benefits that software development applications bring to individuals and organizations. However, the problem here is that not many off-the-shelf enterprise products fully address the needs of the business when they are only for mass-scale purposes.
And here comes custom enterprise software development. By developing software products to serve the unique demands of a particular business or organization, an enterprise increases its workflow advantages in many ways. Not only mentioning the benefits, but the following article also helps you learn more about the six most popular types of custom software solutions nowadays.
Custom enterprise software development is the development process of software products/services specifically tailored to meet the needs of a particular organization. These unique business processes include many steps, from building, deploying, and designing to software testing and maintaining.
Businesses tend to embark on developing enterprise software when they cannot find existing software solutions in the market that meet their internal demand. Sometimes, instead of starting everything from scratch, a business can create custom enterprise software from an existing application to save time.
Since building custom enterprise software is more than a complicated process when it involves various programming languages, frameworks, and technologies depending on the specific requirements of the client, such application often requires the project manager to collaborate with an experienced development team, including developers, project managers, business analysts, and quality assurance specialists. In case there needs to be more personnel to cover the software project, the business may consider seeking the help of custom enterprise software development services to ensure operational efficiency.
It cannot be denied that custom enterprise software solutions bring significant benefits to businesses in many aspects. However, the reason each company decides to create its own custom software instead of taking advantage of off-the-shelf software solutions can be varied on unique business requirements and challenges.
So, when will a business need a custom software solution? Below are some typical cases.
Custom enterprise software development can be categorized into various types depending on their functionality and purpose. Below are the common types of custom software development.
Content Management System (CMS) is a software product that allows enterprises to create, publish and manage content, typically on websites or other digital platforms, without requiring coding or web development knowledge.
To facilitate content management and planning, CMS divides individuals in the organization into different rights with fixed repositories. For example, authors can only create content and save their work, editors have the right to modify and publish that content, and administrators have all rights on the CMS, even adding/removing other members’ functionality.
Besides the main function of text editing and posting with a user-friendly interface, this kind of enterprise application development also integrates other advanced features such as SEO optimization, data aggregation, and design customization tools to meet the digital presence needs of businesses of all sizes.
It is this decentralization and feature diversity that helps CMS easily streamline workflows and improve collaboration among teams. Popular CMS systems include WordPress, Drupal, and Joomla, among others.
CRM systems are software products developed primarily for businesses that need to manage their customer interactions and relationships efficiently and systematically. Through the tasks of researching customer habits and collecting and storing information about target audiences, businesses have a clear basis for converting it into actionable insights and creating marketing campaigns that match the needs of customers and drive sales.
Regarding marketing, some CRM custom enterprise software development also comes with a feature to automate the marketing process and measure the effectiveness of the campaign based on reports and analytics collected from customer files. This not only helps businesses accelerate strategic decision-making but also helps them stay ahead of the curve in their industry.
Many CRM applications are available on the market, each with its own features and pricing plans, namely HubSpot, Zoho, SalesForce, etc.
ERP software is simply an enterprise resource planning system. The ERP system operates by allowing all personnel/departments in an organization to work on the same system (all-in-one) and the same data source instead of working on individual software and independent data as before.
By creating synchronization in all business data, the custom ERP system helps in-house development teams to work smoothly with each other, ensuring close linkage in the operational stages from purchasing management, production, and logistics to personnel management, finance, accounting, etc.
Some popular ERP software includes Odoo, NetSuite, Microsoft Dynamics 365, etc. However, because ERP is centralized when it comes to directly interfering with business operations, businesses should build their own custom ERP development applications instead of depending on all-ready-made ones.
Business intelligence solutions are tools and techniques that enable businesses to collect, analyze, and transform data into meaningful insights that inform decision-making rather than emotional assumptions.
In order to do this, BI software extracts data from various sources, including database development, spreadsheets, and cloud-based application development. Then it transforms them into analyzed formats that can easily provide insights into key metrics and performance indicators. Power BI, Tableau, and QuickSight are three widely used BI systems.
True to its name, the SCM application is a software solution that helps enterprises manage all aspects of the supply chain across the enterprise, from procurement and inventory management to logistics and transportation. By managing sourcing, businesses can cut excess costs and get products to consumers faster.
SCM software can be deployed on-premises or in the cloud and integrated with other software systems such as ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management) systems. Some key features of this kind of software include demand planning, inventory management, supplier management, and logistics management. Based on popularity, we have SAP SCM, Oracle SCM, and Logility, the three most used SCM solutions nowadays.
This is a tool that solves many of the troubles of the human resources department in the company. Instead of managing people-related processes and tasks completely manually like before, HRM software helps businesses automate and streamline HR tasks, such as payroll processing, benefits administration, employee scheduling, time and attendance tracking, and performance management is much faster and more efficient.
With the continuous development of information technology and the latest technologies, HRM is even more upgraded with other features such as employee self-service and performance management.
To better serve their internal HR needs, enterprises can ask enterprise software developers to build a custom HRM solution with special customization features. If not, you can check out names like PeopleStreme and monday.com.
Regardless of enterprise software solutions, businesses need thorough research and investment in expertise when software development is more than a complicated process. To simplify the problem and ensure the product’s output quality meets the business’s requirements, it is a good idea to consider enlisting the help of an enterprise software development company. By outsourcing software development, companies can free up in-house teams to focus on core business activities and let tech experts do their thing.
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