Off-the-shelf software is like grabbing a “free-size” shirt off the rack. Sure, it goes on. But it sags in all the wrong places and pinches where it really shouldn’t. Now, picture an enterprise—your enterprise—navigating a high-stakes, tech-fueled marketplace. Can you really afford to rely on something that was built for everyone but fits no one perfectly? Did not think so! That’s where custom software development for enterprise comes in. Not as a luxury or buzzword, but as a lifeline.

Why Enterprises Must Leverage Custom Software in the Modern World

The digital game has changed. It’s no longer about simply staying afloat—it’s about staying sharp. Companies still clinging to plug-and-play systems are like folks showing up to a fencing match with butter knives. Good intentions, wrong tools.
Today’s enterprises need solutions that are as smart and swift as the teams that power them. You need software that adapts when you pivot, scales when you grow, and evolves when your market throws a curveball. And that kind of agility doesn’t come in a box. It is built. Custom Software for Enterprise isn’t just about ticking functionality checkboxes. It’s about crafting a competitive edge.

Remain Future-Ready with the New-Age Technologies!

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What Are the Advantages of Custom Software?

True, custom software is not cheap. But when done right, it’s an investment that pays for itself ten times over.

Here is why:

1. Tailored to the Bone

You know your business inside out. Why should your software not do the same? Off-the-shelf tools force you to mould your processes around the software. Custom solutions, on the other hand, are sculpted around you—your workflow, your goals, your quirks.

2. Scalability Without a Nuisance

When enterprises scale, they often outgrow the tools they started with. But custom software development for enterprise means building with future versions of your business in mind.
When you grow, the software flexes. There are no awkward transitions or starting from scratch.

3. Security That’s Actually Secure

As per reports, the average expense of a data breach in 2024 reached $4.88 million, marking a 10% rise from the previous year.
Using off-the-shelf solutions, your software becomes an easy target for hackers familiar with its weaknesses. With custom software, security is coded deep into the architecture. It’s like building a fortress around your business data—with extra guard dogs.

4. Integration

Let’s say your business uses a CRM, an accounting tool, a customer support portal, and a warehouse tracking system. Now try making those tools talk to each other with off-the-shelf software. It is going to be a mess.
Custom solutions, however, are built to orchestrate. Everything integrates seamlessly. No middlemen. No duct-tape fixes. Just elegant communication across systems.

5. Competitive Edge

You do not get ahead by playing the same game everyone else is playing with the same tools. Custom Software for Enterprise enables you to create distinctive features that your rivals won’t easily duplicate.
A 2024 report by Grand View Research, indicates that the worldwide custom software development market is projected to expand at a CAGR of 22.4% between 2024 and 2030.
Translation? The world is catching on. What about you?

How Can You Get Started?

Many enterprises get stuck in the “analysis paralysis” stage. Here is a clear path to get moving:

Step 1: Define Your Goals, Not Features

Don’t start with, “We need a dashboard.” Start with, “We want to reduce customer churn by 20%.”
Why? Because your software should solve a business problem, not just fill a digital space.

Step 2: Audit Your Current Tech Stack

Take a hard look at what’s already in use. What’s working? What’s awkward? What are your teams constantly complaining about? This audit helps define what your custom solution must do (and what it can replace).

Step 3: Build a Cross-Functional Team

Involve not just IT but sales, operations, marketing—even HR if relevant. This is because software built in a silo tends to serve a silo. You want a solution that speaks everyone’s language.

Step 4: Find the Right Partner

This step is crucial. You need someone who understands the enterprise landscape, respects data integrity, and values long-term growth over short-term wins.

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Outsourcing and Offshore Options: Which is A Smart Enterprise Move?

The outsourcing market is set to grow at a steady 8.28% CAGR between 2025 and 2029. If that pace holds, we’ll have a jaw-dropping US$812.71 billion industry by 2029.
Building custom software is like building a tall building. You don’t request your electrician to mix concrete—you employ specialists for every task. The same logic applies here: bring in the best, wherever they are.
That’s exactly what custom software development for enterprise often demands: not just a team, but the right team—wherever they are.

Why Outsourcing is Not a Shortcut—It is a Strategy!

Outsourcing is not about cutting costs anymore. It is about increasing capacity, accessing niche expertise, and accelerating time to market—all without blowing up your budget or stretching your in-house teams too thin.

Let’s break it down:

1. Speed + Skill = Competitive Advantage

The faster you launch, the faster you learn and the faster you scale.
Outsourced teams—especially those specializing in custom software development for enterprise—already have the processes, talent, and tools ready to go. They are not learning on the job. They live in the world of architecture, UX/UI, compliance, DevOps, and cybersecurity.
And in a digital-first economy, speed isn’t a nice-to-have feature. It is your secret weapon.

2. In-House Isn’t Always In Budget

Building an internal team is not only time-consuming—it’s wildly expensive.
Offshoring or nearshoring allows enterprises to tap into world-class talent at a fraction of the cost—without compromising on quality. That’s cutting waste.

3. 24/7 Development: Time Zones as an Asset

Here’s a perspective flip: Time zone differences are not barriers—they’re opportunities.
A hybrid or offshore model means your project continues even after your local team signs off. This “follow-the-sun” model drastically reduces turnaround times.
For example, a team in India or Eastern Europe can build overnight while your U.S. team reviews and strategizes during the day. That’s round-the-clock momentum.

4. Access to Niche, High-Demand Skills

Imagine you wish to create a logistics platform driven by data, featuring blockchain verification and AI-enhanced routing. Do you genuinely wish to publish a job ad and spend 3 months searching for a developer who may understand 70% of your requirements?
Or would you rather partner with a specialized firm that already has that dream team in place?
This is where outsourcing shines—it’s a gateway to cutting-edge capabilities that are hard to find, harder to afford, and almost impossible to assemble fast.

5. Scalability on Demand

Enterprise software projects are rarely linear. Maybe you need 10 developers this month. Maybe just 4 the next quarter. Maybe 20 during a product launch.
With the right outsourcing partner, scaling your team up or down is frictionless. No HR bottlenecks. No painful layoffs. Just operational agility—built in.

Choosing the Right Outsourcing Model: Offshore vs Nearshore vs Hybrid

Every model possesses its unique advantages, and choosing the appropriate one depends on your objectives, culture, and timelines.

Offshore: (e.g., India, Vietnam)

Pros: Cost-effective, large talent pool, proven software hubs, 24/7 cycles
Best for: Long-term development projects, maintenance, and enterprise-scale builds
Challenge: Requires strong project management and communication rhythm

Nearshore: (e.g., Latin America for US clients, Eastern Europe for EU)

Pros: Time zone alignment, cultural affinity, easier real-time collaboration
Best for: Agile projects, ongoing collaboration, customer-facing platforms
Challenge: To some extent, higher cost than offshore with reduced talent pools

Onshore:

Pros: Easiest communication, same legal & compliance framework
Best for: Regulated industries (e.g., finance, healthcare) and strategic initiatives
Challenge: Highest cost, slower to scale

Hybrid: The Best of All Worlds

Hybrid models blend onshore leadership with offshore execution. For example: product managers in the U.S., developers in India, QA in Eastern Europe. This balances strategic control, budget efficiency, and round-the-clock delivery.
It’s not just a compromise—it’s often the sweet spot for modern enterprises.
But here’s the catch: not all outsourcing is created equal. You don’t want a vendor. You want a “partner.”

What is the difference?

  • Vendors follow instructions. Partners ask smart questions.
  • Vendors deliver what you ask for. Partners deliver what you actually need.
  • Vendors code. Partners co-create.

In short, pick someone who “gets” enterprise DNA—and treats your software like their own.

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How Fingent Can Help (And Why It Matters)

You need a tech partner that speaks enterprise fluently—someone who doesn’t just code but thinks with you. That’s where Fingent shines.

Fingent specializes in Custom Software for Enterprise, combining deep domain knowledge. Our solutions are not just beautifully engineered but brutally effective.

Here’s what sets us apart:

  • Consultative Approach: We start with your why, not just your wish list.
  • Cross-industry Expertise: From healthcare to logistics to finance—we have all the required expertise and experience.
  • Future-Proof Solutions: Our software is designed not only for the present but also for your future direction.
  • Transparent Processes: No technical terms, no illusions—only straightforward, quantifiable results.
    With decades of experience in custom software development for enterprise, Fingent brings both the toolkit and the team to turn ideas into software that moves the needle.

With decades of experience in custom software development for enterprise, Fingent brings both the toolkit and the team to turn ideas into software that moves the needle.
Custom Software for Enterprise isn’t just about better functionality. It’s about owning your growth trajectory. It’s about building something that works because of you.

So, take the leap. Build smarter. Think custom.

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    About the Author

    ...
    Tony Joseph

    Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

    Talk To Our Experts

      Businesses need modern technology to survive today’s ever-evolving market. The right enterprise software solution can help businesses thrive. However, not all businesses might have the necessary in-house skills to develop one, and let’s be honest, off-the-shelf software does not fit all needs. Thanks to custom software development vendors, enterprises can access technology experts on the go to build customized technology solutions that cater to their unique business needs.

      According to a survey by Deloitte, 79% of U.S. executives currently outsource software development. However, any business application is only as good as the developer who creates it. Choosing the right software development partner is a crucial responsibility.

      If your business plans to hire an app development partner, here’s a quick checklist that can help. But before we get started, let’s look at why you need to choose the best software development vendor.

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      Why Do Businesses Need Software Development Vendors?

      Organizations rely on app development partners to:

      • Bridge talent gaps and save in-house hiring costs
      • Drive value by developing end-to-end solutions
      • Access the best of technology, skills, and expertise
      • Avoid development delays and cut operating costs
      • Increase speed-to-market and enhance core competencies
      • Mitigate the risks of running an in-house development project

      You can easily unlock these advantages by choosing the right software development vendor. But what happens if you choose the wrong app development partner? Here are the risks!

      What Statistics Say About Outsourcing Software Development

      Risks of Choosing a Wrong Software Development Vendor

      Wrong software vendor selection can leave a lasting impact on your company.

      • Poor-quality software rollouts can lead to massive sales losses. It can force your customers to go to competitors.
      • Ill-fitted software solutions affect your day-to-day operations and increase your team’s workload.
      • A bad match will never help you with add-ons and customizations you might need for the future.
      • Botched software can cause frequent business disruptions. It can affect your customer experience, reputation, and brand.
      • Faulty software can lower your team’s morale and engagement. Constant software glitches add to employee frustration and fatigue.
      • A wrong vendor may not be able to meet your deadlines. They may also charge you more than expected. There is always an inherent risk of hidden costs.
      • Communication breakdowns can create misunderstandings between the vendor and your stakeholders.
      • Inadequate security measures opted by the vendor can put your business at risk. It can increase the chance of damaged, lost, or stolen data.

      How can you avoid these risks? Ace software development vendor selection by using our checklist (below).

      Why is Legacy Software Modernization Inevitable for Businesses?

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      Checklist: How to Choose the Right Software Development Vendor?

      1. Define Your Needs and Goals

      The first step to finding the right developer is identifying your goals. Why do companies seek to build customized software? Some of the common reasons are:

      • Enhancing customer experience and satisfaction
      • Improving workforce productivity and operational competency
      • Tracking and managing staff responsibilities
      • Automating specific tasks and repetitive functions
      • Boosting reliability and security

      A good discernment of your objectives and business needs will allow you to proceed to the next steps more efficiently.

      2. Set up a Budget

      Defining your goals should help you prepare a detailed budget. At this stage, it is important to determine the capital, expenditures, and forecasted return on investment (ROI).
      Assess the factors that impact the cost of your software development project:

      • Type of software you need and its level of complexity
      • Custom software or off-the-shelf software
      • UX/UI design considerations
      • Backend infrastructure and dependencies
      • Integrations with other applications you use
      • Location of the app development partner
      • Development time, resources employed
      • Investments in new technologies
      • Estimates/rates quoted by the software development vendor

      Any business’s priority is to produce high-quality software. However, keeping the project within budget is vital for business success.

      3. Research Potential Vendors

      Research potential software development vendors. Assess the selected app development partners based on the following factors:

      • Do they have experience working on the type of software you need?
      • Have they worked in your industry or domain in the past?
      • Do they handle the entire software development lifecycle? Do they provide post-launch application maintenance and support?
      • Do they help train your staff on the new software?
      • What are the services they offer?
      • Does their rate fit your budget?
      • What other value-added services do they provide software development? Developing an e-commerce application, maybe?

      4. Shortlist Top Software Development Vendors

      Choosing from hundreds of service providers can be overwhelming. Once you do the research and specify your requirements, you can start shortlisting the options you find appealing.

      Here are a few ways to narrow down your list:

      • Read through the company profiles, case studies, and client testimonials of potential vendors.
      • Use any credible B2B rating platform to check out their ratings and reviews. Platforms like Clutch, GoodFirms, etc. list the top vetted software development partners.
      • Filter vendors based on their minimum project costs, team size, average ratings, and location.
      • Keep your list short so you can reach out to the selected firms quickly.

      5. Talk to Each of the Selected Vendors

      A direct conversation with the software development vendor gives you a fair idea of their services and expertise.
      Before meeting a vendor, prepare a set of questions that will help you gauge their work:

      • What technologies and programming languages are your team proficient in?
      • What are the industries and domains that you primarily cater to?
      • What project management tools do you use to manage your workflows?
      • How do you ensure the quality of your software?
      • What is your project engagement model?
      • What software development methodology do you follow—Agile, Waterfall, RAD, Lean?
      • How do you determine the costs of your work?
      • Is my budget and expected timeline realistic for my project?

      Above all, it’s crucial to identify if the potential vendor’s way of operating and objectives align with your requirements.

      6. Narrow Down Your List Further

      A direct conversation with each vendor should help you narrow your choices between two or three developers.

      • Consult your leadership team. Weigh the pros and cons of each vendor based on your analysis.
      • Shortlist your selection to one or two providers. Ensure they can understand your needs and match your company’s culture.

      7. Data Security and Privacy Measures

      Your business software needs to handle confidential company data. Is your software development partner capable of protecting your application from cyber threats?

      • Before choosing a software development vendor, undertake an intellectual property due diligence inquiry.
      • Find out how the vendor will be handling your data and assets.
      • Review their integrated security and IP protection program.
      • Determine the internal measures you should adopt to safeguard your enterprise’s IP.
      • Identify which functions need to be managed in-house and what should be outsourced.

      8. Compliance, Reliability, and Support

      Along with analyzing the vendor’s cybersecurity offerings, you also need to verify:

      • Does the vendor’s development and delivery practice/policies comply with the essential regulations?
      • Have you done extensive background checks to ensure the integrity and reliability of the vendor?
      • Did you do a proper technical and strategic vetting of the selected development vendor?
      • Is the vendor equipped to address unexpected IT outages and disruptions?
      • What are the risk management policies/processes followed by the software development vendor? Do they have a robust disaster recovery plan?
      • Does their development process align with your organization’s sustainability goals?
      • Does the vendor stick to responsible application design, development, and maintenance that can reduce the environmental impact?

      Choosing the right software development partner requires careful planning. It’s indeed a very tricky job to pick out the right one from a huge list of potential vendors. The checklist aims to make the job simple for you.

      Nearshore vs In-House Software Development: Know The Pros & Cons

      Read More!

      Software Development Company vs. Freelancer: Which is Better?

      What is the difference between a freelancer and a software development company?

      • A freelancer is an individual who works independently on software development projects.
      • A software development company is a professional organization that provides software development services.

      freelancer vs. software development company

      How does working with a software development company help your business?

      • A team of certified professionals well-versed in multiple areas
      • Access to the latest technologies and specific domain expertise
      • A reliable vendor-customer contract (agreement) to back you
      • Round-the-clock support and IT help desk
      • Transparent communications, no hidden surprises
      • Standardized pricing with no additional costs
      • Dedicated ongoing maintenance and support

      Transform Your Business With the Right Software Development Vendor

      The best software development vendor:

      • Works with you throughout the entire development process
      • Helps navigate the complexities of software creation and maintenance
      • Makes incremental changes for continuous software enhancement
      • Develops tailor-made solutions that align with your business goals
      • Improves your business’s efficiency, productivity, and financial performance

      Let Us Help You Ease Your Digital Transformation Journey

      Discuss Your Project Now!

      Why Choose Fingent as Your Software Development Partner?

      Since 2003, Fingent has been a reliable and capable software development partner for leading global brands, including several Fortune 500 companies.

      • An impeccable track record as a successful custom software vendor
      • Experience in new and emerging technologies—AI, AR, VR, IoT, blockchain, and more
      • Legacy application modernization, cloud migration
      • Multi-platform development—web, mobile, cloud, and more
      • Diverse offshore talent pool with experienced developers and tech professionals
      • Tech certifications, partnerships, centers of excellence

      Build scalable and robust applications by partnering with a professional custom software vendor. Contact us to get an extended consultation.

       

      Stay up to date on what's new

        About the Author

        ...
        Tony Joseph

        Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

        Talk To Our Experts

          Custom Enterprise Mobile App Development: Why Is It A Business Necessity Today?

          An Enterprise Mobile Application is the central nervous system of a business. It connects, coordinates, and empowers various departments, as a neural network enables communication and coordination throughout the body. A well-architected and optimally coded enterprise mobile application ensures efficient data flow, responsiveness to market changes, and streamlined processes, similar to how the central nervous system facilitates sensory perception and feedback. Ultimately, enterprise mobile application development enables businesses to operate at their full potential, adapt to the digital landscape, and achieve sustained success.

          Enterprise Mobile Application Development – Creating the Perfect Fit

          Enterprise mobile application development can be compared to a skilled tailor specializing in creating custom-made outfits specifically tailored to suit each client’s individual needs. Similarly, enterprise mobile application developers closely examine the business to understand its processes, workflows, and goals to ensure the mobile application perfectly fits its operations.
          Just as a tailor selects high-quality fabrics and materials to create a durable and stylish garment, enterprise mobile application developers choose robust mobile development frameworks, programming languages, and design principles to build a secure, efficient, and visually appealing application. Like a good tailor pays attention to intricate details, enterprise mobile application developers focus on crucial aspects like security, integration with existing systems, user experience, and offline functionality.

          Enterprise Mobile Application - A Comprehensive Toolbox

          Your business needs the flexibility to choose the specific enterprise mobile applications that suit your business needs and objectives. Enterprise mobile applications are like tools in a toolbox that your business can use to accomplish specific tasks and address different aspects of its operations. Here are some for your consideration:

          Communication and Collaboration Apps:

          Just as telephones or walkie-talkies, these tools facilitate efficient communication among team members; communication and collaboration apps enable seamless communication and collaboration within the organization.

          Customer Relationship Management (CRM) Apps:

          CRM apps help businesses organize and track customer interactions like a tracker.

          Human Resources (HR) and Employee Management Apps:

          These apps provide a centralized system to manage employee information, track performance, and automate HR processes.

          Enterprise Resource Planning (ERP) Apps:

          ERP apps are like versatile multitools. They integrate and manage various business processes, including finance, inventory, and supply chain, acting as a comprehensive solution to streamline operations.

          Field Service Management Apps:

          Field service management apps are akin to specialized tools field technicians use. They help manage service requests, track tasks, and access relevant information on the field.

          Mobile Banking and Financial Apps:

          Like secure vaults, financial apps enable users to perform financial transactions, access account information, and utilize financial services securely.

          Productivity and Workflow Apps:

          These apps assist individuals and teams in organizing tasks, managing time, and collaborating on documents to enhance productivity.

          The Marvels of Enterprise Mobility Development

          As you embrace the power of enterprise mobile app development, you become a formidable force in the business universe. With new superpowers, you can propel your status among your competitors, creating a world where your business soars to extraordinary heights!
          Enterprise mobile apps empower employees to access crucial business tools and information wherever they go.
          In the blink of an eye, enterprise mobile apps accelerate productivity. Employees become lightning-fast in completing tasks, collaborating with teammates, and responding to client requests. Projects that took ages to complete now zoom toward success, leaving competitors in the dust.
          Enterprise mobile apps create an impenetrable force field of collaboration. Team members unite, sharing ideas, files, and updates in real-time.
          Enterprise mobile apps cloak inefficiencies, leaving only a trail of optimized workflows. Tedious manual processes vanish, replaced by automated systems that save time and reduce errors. The result? A leaner, meaner, and more efficient organization.
          Enterprise mobile apps can gather and analyze data, unveiling hidden patterns, trends, and customer preferences. Armed with this knowledge, your business can make smarter decisions, foresee challenges, and seize opportunities like the strategic geniuses you are.
          Enterprise mobile apps employ robust encryption, secure authentication, and remote data wipe capabilities, protecting sensitive company and customer information.
          Enterprise mobile apps elevate your brand image and leave a lasting impression on customers. They showcase innovation, user-friendliness, and a commitment to staying ahead of the curve. Customers are inexplicably drawn to the allure of these tech-savvy organizations.
          0 %
          Do companies like what they see?

          The Mobile Enterprise Application Market size was valued at USD 90.53 Billion in 2021 and is projected to reach USD 268.14 Billion by 2030, growing at a CAGR of 15.25% from 2022 to 2030.

          – Verified Market Research

          10 Must-Have Features of An Enterprise Mobile App

          By incorporating these practical and essential features, your enterprise mobile app becomes a reliable tool that can greatly enhance its functionality and usefulness for your business. Let’s explore ten must-have features of an enterprise mobile app:

          Embark On the Journey of Creating An Enterprise Mobile App With the Right Steps

          Building a cutting-edge enterprise mobile app is like any grand project – it involves several key steps. Let’s embark on this journey together:

          Designing the Blueprint:

          Next, you work with talented architects—designers and UX experts—who translate your vision into a captivating user interface. They create wireframes and prototypes, carefully crafting the layout, colors, and navigation.

          Crafting the Building Blocks:

          Developers write lines of code to build the app’s structure, just like construction workers assemble the steel beams and concrete foundations of buildings. They integrate features, create interactive elements, and ensure smooth functionality.

          Rigorous Quality Assurance:

          As city inspectors ensure that buildings meet safety standards, testers meticulously examine the app for bugs, glitches, and usability issues.

          Security & Compliance:

          Automated, predefined security configurations and compliance checks to ensure data protection and regulatory compliance.

          Post-Launch Maintenance:

          Every building needs ongoing maintenance and updates, and so does your app. Continue to monitor its performance, address user feedback, and release regular updates to enhance its functionality and address any issues.

          Laying the Foundation:

          The development process starts with thorough planning. Gather your requirements, conduct research, and define the app’s purpose, features, and target audience. It’s like sketching out the blueprint for your city before construction begins.

          Assembling the Dream Team:

          Every great project requires a skilled team. Similarly, in app development, bring together developers, testers, and project managers who collaborate to transform your design into a functional and appealing app.

          Iterative Construction:

          During this process, the team builds, tests, and gathers feedback, allowing for adjustments and enhancements. It’s like inspecting and perfecting each building before moving on to the next one.

          Launch Day Festivities:

          The time has arrived to release the app to the world. You submit it to the app stores, prepare marketing campaigns, and generate buzz. It’s like inviting people to explore your new construction, showcasing its features and benefits.
          Remember, each step requires careful planning, skilled professionals, attention to detail, and a commitment to creating an exceptional end product.

          Budgeting for Your Enterprise Mobile App Development

          When building an enterprise mobile app, there are several cost considerations to keep in mind. Considering these factors from the outset and aligning them with your budget will help ensure a realistic estimation of the total cost to build your enterprise mobile app. Here are some important factors to consider:
          The cost of development resources, including hiring skilled developers, designers, and project managers, is a significant consideration. The level of expertise and experience of the team members can impact the overall cost.
          The complexity and number of features you want to incorporate into the app can greatly influence the cost. More complex functionality, integrations with existing systems, or advanced features may require additional development time and resources, thus increasing the cost.
          Investing in a well-designed user interface and user experience (UI/UX) is crucial for the success of your app. A polished and intuitive design can enhance user engagement and satisfaction but may also require additional design resources and incur higher costs.
          Building an app for multiple platforms, such as iOS and Android, increases development efforts and costs. Each platform may have its development requirements and considerations, leading to additional expenses.
          Depending on the complexity of your app and its integration with existing enterprise systems, you may need to invest in backend infrastructure development and maintenance. This can include servers, databases, APIs, and other data storage and communication components.
          Rigorous testing and quality assurance are vital to ensure your app functions properly across different devices, platforms, and scenarios. Allocating resources for thorough testing can impact the overall cost but helps identify and fix issues early on, reducing potential future expenses.
          After launching the app, ongoing maintenance, updates, and support are necessary to address user feedback, fix bugs, and introduce new features. It’s important to allocate resources and budget for long-term app maintenance to ensure its optimal performance and user satisfaction.
          Building a secure app that complies with relevant security standards and regulations may require additional investment. Implementing strong data encryption, authentication mechanisms, and other security measures can help protect sensitive enterprise data but may contribute to higher development costs.
          Consider the associated costs if your app requires integration with external services or APIs. Some integrations may require licensing fees or additional development efforts to ensure seamless data exchange and functionality.
          Efficient project management plays a vital role in controlling costs. Delays in the development process can lead to increased expenses, so having a well-defined timeline and effective project management practices in place is essential.
          Lastly, it is advisable to consult with experienced app development professionals or firms to get accurate cost estimates based on your specific requirements.
          Based on studies around the world, the average cost of development in different regions is as below

          Tips for Creating Successful Mobile Enterprise Apps

          Essential Steps for Preparing to Launch Your Mobile Business App

          Before setting off, several important steps must be considered to ensure a successful journey in mobile enterprise application development. Let’s explore these steps:
          By considering these steps, you’ll be well-equipped to navigate the challenges and ensure a successful launch of your mobile enterprise app.

          Use Cases of Enterprise Mobile App

          Enterprise mobile application development has revolutionized the way businesses operate by providing tailored solutions to specific challenges. Here are a few use cases that highlight the solutions, challenges addressed, and benefits gained through enterprise mobile app development:

          Field Service Management:

          Solution:

          A mobile app that enables field service technicians to access work orders, manage tasks, and communicate with the central office.

          Challenges addressed:

          Lack of real-time updates, inefficient communication, and manual paperwork.

          Benefits:

          Improved productivity and efficiency, faster response times, streamlined workflows, enhanced customer satisfaction, and accurate tracking of service requests.

          Inventory Management:

          Solution:

          A mobile app that allows employees to manage inventory, track stock levels, and process orders.

          Challenges addressed:

          Manual inventory tracking, inventory discrepancies, time-consuming stock audits, and delayed order processing.

          Benefits:

          Real-time inventory visibility, accurate stock management, reduced stockouts, streamlined order fulfillment, improved supply chain efficiency, and cost savings through optimized inventory levels.
          A custom-built unified platform enables effective lead management for moving companies. It centralizes lead tracking, capturing information from various sources and ensuring no leads are missed. The platform automates lead distribution based on criteria such as location and availability, ensuring prompt responses. It facilitates lead nurturing and engagement through communication tools and integration with CRM systems. Overall, the platform streamlines the lead management process, improving the chances of converting leads into customers and optimizing the sales process.

          Did
          You
          Know

          Inventory Management Software Market size surpassed USD 3 billion in 2022 and is anticipated to exhibit a CAGR of 5% between 2023 and 2032

          – Global Market Insights

          Sales Force Automation:

          Solution:

          A mobile app that equips sales representatives with customer information, product catalogs, and order management capabilities.

          Challenges addressed:

          Disconnected sales processes, inefficient data entry, limited access to product information, and delayed order processing.

          Benefits:

          Enhanced sales productivity, improved customer engagement, faster order processing, real-time sales data analysis, streamlined sales workflows, and increased revenue through improved sales effectiveness.

          Did
          You
          Know

          The global sales force automation software market size was valued at USD 7.29 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2020 to 2027.

          – Grand View Research

          Employee Collaboration:

          Solution:

          A mobile app that facilitates seamless communication, collaboration, and knowledge sharing among employees.

          Challenges addressed:

          Siloed communication, difficulty accessing the information on the go, and lack of centralized collaboration tools.

          Benefits:

          Enhanced teamwork and collaboration, increased productivity, improved employee engagement, faster decision-making, reduced email overload, and efficient knowledge sharing across the organization.

          Did
          You
          Know

          A company’s collaboration index increases sales by 27% and improves customer satisfaction ratings by 41%. Collaboration improves product quality by 34% and improves product development by 30%.

          – Frost and Sullivan

          Employee Collaboration:

          Solution:

          A mobile app that offers on-the-go training modules, educational resources, and assessments for employees.

          Challenges addressed:

          Limited access to training materials, time constraints for traditional training sessions, and difficulty tracking employee progress.

          Benefits:

          Flexible learning options, continuous skill development, improved employee knowledge retention, reduced training costs, enhanced employee satisfaction and engagement, and faster onboarding for new hires.

          Customer Relationship Management (CRM):

          Solution:

          A mobile app that empowers sales and customer support teams to access customer data, manage leads, and track interactions.

          Challenges addressed:

          include incomplete customer data, limited access to CRM systems on the fly, and delayed response times.

          Benefits:

          Improved customer service, personalized interactions, increased sales effectiveness, enhanced customer satisfaction, efficient lead management, and data-driven insights for better decision-making.

          Did
          You
          Know

          65% of companies using a mobile CRM are achieving their sales quotas while only 22% of reps using non-mobile CRM have reached the same targets.

          – Nucleus Research

          Expense Management:

          Solution:

          A mobile app that simplifies employee expense tracking, receipt capture, and reimbursement processes.

          Challenges addressed:

          Manual expense reporting, lost receipts, time-consuming approval workflows, and lack of visibility into expenses.

          Benefits:

          Streamlined expense management, accurate expense tracking, faster reimbursement cycles, reduced administrative burden, improved compliance, and cost control through data-driven insights.

          Collaboration and Communication:

          Solution:

          A mobile app that enables seamless collaboration, instant messaging, document sharing, and project management across teams.

          Challenges addressed:

          Fragmented communication channels, information silos, difficulty accessing resources remotely, and lack of centralized collaboration tools.

          Benefits:

          Enhanced teamwork and productivity, efficient communication, faster decision-making, improved knowledge sharing, streamlined project management, and increased employee engagement.

          Business Intelligence and Analytics:

          Solution:

          A mobile app that provides real-time access to key business metrics, dashboards, and data visualization tools for informed decision-making.

          Challenges addressed:

          Manual data analysis, delayed reporting, data silos, and limited access to insights.

          Benefits:

          Data-driven decision-making, improved visibility into business performance, actionable insights, enhanced forecasting accuracy, better strategic planning, and increased operational efficiency.

          Workforce Management:

          Solution:

          A mobile app that facilitates employee scheduling, time tracking, task management, and performance monitoring.

          Challenges addressed:

          Manual scheduling processes, inefficient time tracking, difficulty managing remote teams, and lack of real-time performance monitoring.

          Benefits:

          Efficient workforce scheduling, accurate time tracking, streamlined task management, improved employee productivity, enhanced workforce visibility, and data-driven performance analysis.

          Did
          You
          Know

          Of the workforce management applications market, the time and attendance segment was by far the biggest segment in the market in 2020, generating around 2.4 billion U.S. dollars in revenue. From 2018 to 2020 this segment gained nearly 700 million U.S. dollars and is projected to continue increasing.

          – Statista

          How Can Fingent Help You in Your Journey
          to Creating and Launching an Enterprise Mobile App?

          We at Fingent top custom software development company, can collaborate with you to define the goals, objectives, and scope of your mobile app project, and provide strategic guidance to ensure your app aligns with your overall business strategy. We specialize in custom mobile app development that meets your specific needs.
          Our team of skilled developers can translate your ideas into a fully functional and user-friendly app. Since we understand the importance of user experience, we can employ user-centric design principles to create intuitive and visually appealing interfaces for your app. Fingent has extensive knowledge and expertise in various technologies, frameworks, and programming languages. And we prioritize quality throughout the app development process by conducting rigorous testing and quality assurance measures to ensure your app functions flawlessly across different devices, platforms, and user scenarios.
          Apart from these and more, Fingent provides ongoing support and maintenance services to ensure your app runs smoothly even after launch. Our support team is readily available to address any technical issues and provide timely assistance. Just get in touch with us.

          FAQs

          Enterprise mobile apps offer numerous benefits such as improved productivity, streamlined workflows, enhanced customer service, data-driven decision-making, and better collaboration. They empower businesses to stay competitive in the digital era by leveraging the power of mobile technologies.
          The choice of platforms depends on your target audience and business requirements. Native app development offers the best performance and user experience but requires separate development for each platform (e.g., iOS and Android). Cross-platform development allows building apps that work across multiple platforms using shared code. Hybrid development combines web technologies with native capabilities.
          The development timeline depends on several factors, including app complexity, features, design, integrations, and testing requirements. On average, a well-planned enterprise mobile app development project can take anywhere from a few months to a year or more.
          Security is a critical aspect of enterprise mobile app development. To ensure security, follow best practices such as implementing secure authentication and authorization mechanisms, using encrypted data storage, performing regular security audits, and adhering to industry standards and compliance regulations.
          User experience (UX) design plays a crucial role in making your app user-friendly and engaging. Focus on intuitive navigation, visually appealing interfaces, responsive design, and seamless interactions. Conduct user testing and gather feedback to continuously improve the app’s usability and user satisfaction.
          Integration with existing enterprise systems can be achieved through APIs (Application Programming Interfaces) and web services. These interfaces allow data exchange and communication between the mobile app and backend systems, such as CRM, ERP, or databases.
          To ensure scalability, consider cloud hosting, scalable architecture, and efficient resource utilization. Design your app to handle increasing user loads and anticipate future growth. Regular performance monitoring and optimization are essential for maintaining app performance as user demand grows.
          Ongoing maintenance and support involve addressing bug fixes, implementing updates, and adding new features as needed. It also includes monitoring app performance, ensuring compatibility with new OS versions, and providing user support. Regular maintenance helps keep the app secure, functional, and aligned with evolving business needs.

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            About the Author

            ...
            Vedavyas Shenoy

            Talk To Our Experts

              Custom Enterprise Software Development: Business Guide

              What is Custom Software Development?

              Business software built for a specific company or organization is known as custom software. In other words, custom software development refers to the process of designing, developing, testing, and implementing software that caters to the unique business requirements of a company or organization.

              What is Custom Enterprise Software Development?

              Custom enterprise software development refers to the process of designing, developing, testing, and deploying personalized software tailored to address the unique business requirements of a large enterprise. Since the software is built with the organization in mind, the product quality is focused more on the enterprise and its users.

              Differences Between Custom Enterprise Software Development and Generic Software Development

              Parameter
              Custom Enterprise Software
              Generic Software
              Features and Functionalities
              Exclusive feature list customized to the specific needs of an enterprise
              Standard set of features built for the mass market
              Development Time
              Long development process, but a guaranteed investment for a profitable future
              Faster to implement with the vendor’s support
              Development Cost
              Requires significant upfront investment, but the initial costs will pay off in the long run
              Moderately priced, but forces users to pay for unwanted software features, including several hidden costs
              Support and Maintenance
              Software is fully supported and maintained by the outsourcing partner
              Risk of unplanned downtimes, support will be based on the vendor’s terms and conditions
              Compliance to Business
              Built to comply with your enterprise’s ecosystem and standards
              Requires a high level of customization and extra components to function
              Third-party Integration
              Enables seamless integration with compatible external apps
              Inherently inflexible, doesn’t support deep customizations or integrations
              Scalability
              Highly scalable and adaptable to your future business requirements
              Time-consuming and costly customizations needed to address the rising needs
              Data Security
              Highly resistant to cyber infiltrations, tested thoroughly at each stage of development
              Vulnerable to cyber attacks and software glitches

              “We now know that something between 85 and 90 percent of most software product features are unwanted and unneeded by customers. That is an enormous amount of waste of time and money that ends up on the floor.”

              – Steve Blank

              One size doesn’t fit all!

              If you are using a commercial, off-the-shelf enterprise software that meets only 60% of your business’s operational needs, then it’s time to consider something custom.
              Here is why several large enterprises prefer custom enterprise software over commercial, pre-packaged solutions:
              Good software is one that is designed to meet your unique business expectations and increase productivity. Usually, off-the-shelf software costs less initially. As your needs evolve, pre-packaged software cannot adapt to the changing requirements. This will affect any upfront savings.
              When you choose custom enterprise software development, you will gain the flexibility to build new capabilities on top of existing enterprise applications.

              Custom Enterprise Software Development Process

              The best custom enterprise software development partner works collaboratively with you throughout the entire software development process, making incremental changes that allow the solution to become the best it can be.

              Steps in Custom Enterprise Software Development Process

              Requirements Gathering & Analysis

              Identify, analyze, prioritize, and document the organization’s requirements, goals, and objectives for developing the custom software.

              Design & Architecture

              Define the software architecture, including components, modules, and data structures, design specifications, UI and UX.

              Development Phase

              Develop the software functionalities and features using the chosen technology stack, programming languages, and coding best practices.

              Testing & Quality Assurance

              Conduct various levels of testing to ensure the software meets the specified requirements, and fix bugs or issues discovered during testing.

              Deployment & Migration

              Smoothly deploy the software to the production environment after configuring servers, databases, and necessary infrastructure, and perform data migration, if required.

              User Acceptance Testing (UAT)

              Test the software by engaging a few users or stakeholders from the organization, gather their feedback and make essential adjustments to ensure that the software effectively addresses user expectations and needs.

              Training & Documentation

              Educate users on how to effectively use the software by providing training sessions. Create user manuals, guides, or online help documents to support users during their interactions with the software.

              Final Deployment & Post-Launch Maintenance

              Deploy the final version of the software in the actual environment, monitor the software’s performance regularly, address any issues, manage software upgrades and patches, and provide ongoing maintenance and support.

              Trends in Custom Enterprise Software Development

              Cloud Computing

              Progressive Web Apps

              Internet of Things (IoT)

              Low-Code and No-Code Development

              Artificial Intelligence (AI)

              AI is revolutionizing the aviation industry with its transformative capabilities. Predictive maintenance enables proactive repairs by analyzing sensor data, minimizing downtime and enhancing safety. Flight planning and optimization algorithms consider factors like weather and air traffic, resulting in efficient routes, reduced costs, and improved punctuality. Air traffic management benefits from AI’s real-time analysis, predicting congestion and suggesting optimal routes for reduced delays. In aircraft design and manufacturing, AI aids in aerodynamic modeling, structural analysis, and quality control, improving efficiency and safety. Passengers enjoy personalized experiences through AI-powered chatbots, virtual assistants, and streamlined booking processes. Enhanced security measures, crew training, and support further showcase the immense potential of AI in aviation.

              Benefits of Custom Enterprise Software Development

              Types of Custom Enterprise Software Development

              Enterprise Resource Planning (ERP) Systems

              ERP applications integrate and automate core business processes such as finance, inventory management, human resources, accounting, customer relationship management, and more.

              Warehouse Management Systems (WMS)

              A custom WMS can streamline the entire supply chain fulfillment operations of a warehouse, including procurement, inventory, order fulfillment, logistics, labor management, and supplier relationships.

              Customer Relationship Management (CRM) Applications

              Custom CRM solutions allow organizations to track and analyze customer data, manage sales pipelines, automate marketing campaigns, and provide personalized customer support.

              Human Resources Management Systems (HRMS)

              Custom HRMS solutions streamline HR and people management processes including employee onboarding, time and attendance tracking, leave management, performance evaluation, training management, and payroll processing.

              Accounting Software

              A custom accounting system helps automate your accounting processes, financial reporting, and budgeting, and allows managing general ledgers, accounts payable and receivable, financial analysis, asset management, and expense tracking.

              Business Intelligence and Analytics Systems

              Custom BI solutions include features like data integration, data visualization, interactive dashboards, ad-hoc reporting, and predictive analytics that allow organizations to derive actionable insights from their data.

              Custom Enterprise Software Impacting Industries

              Retail

              Healthcare

              Real Estate

              Education

              Manufacturing

              Factors to Consider Before Starting Custom Enterprise Software Development

              Custom Enterprise Software Development Challenges

              Vague Requirements

              Inadequate or ambiguous requirements can lead to miscommunication, delays, and rework.

              Changing Requirements

              Requirements may change often during the software development process, especially in complex projects or dynamic business environments.

              Resource Constraints

              Limited resources, including skilled developers, time, and budget, can be a challenge for custom software development.

              Integration Complexity

              When integrating custom software with existing systems or third-party applications, challenges may occur due to incompatible technologies, inconsistent data formats, or security concerns.

              Project Management & Communication

              Lack of clear communication, misaligned expectations, or inadequate project management practices can lead to delays, cost overruns, and project failure.

              Technical Complexity

              Technical challenges may arise in areas such as architecture design, scalability, performance optimization, security implementation, and data management.

              Tech Stack for Custom Enterprise Software Development

              The choice of a technology stack for custom enterprise software development depends on the specific requirements of the project, scalability needs, existing technology infrastructure, and the skills and expertise of the development team.

              Popular Tech Stack for Custom Enterprise Software Development

              • Programming Languages: Java, C#, Python, Ruby, Node.js
              • Frameworks: Spring, .NET, Django, Ruby on Rails, Express.js
              • Databases: MySQL, PostgreSQL, Oracle, MongoDB, Redis
              • Web Development: HTML5, CSS3, JavaScript
              • JavaScript Frameworks: Angular, React, Vue.js
              • UI Frameworks: Bootstrap, Material-UI, Foundation
              • iOS Development: Swift, Objective-C
              • Android Development: Java, Kotlin, Flutter
              • Cloud Providers: Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform
              • Containerization: Docker, Kubernetes
              • Serverless Computing: AWS Lambda, Azure Functions
              • RESTful APIs
              • GraphQL
              • SOAP
              • Version Control: Git, GitHub, Bitbucket
              • Continuous Integration/Continuous Deployment (CI/CD): Jenkins, Travis CI, CircleCI
              • Configuration Management: Ansible, Chef, Puppet
              • Authentication and Authorization: OAuth, JWT (JSON Web Tokens)
              • Encryption: SSL/TLS
              • Vulnerability Scanning: OWASP ZAP, Nessus, Burp Suite
              • Data Warehousing: Amazon Redshift, Google BigQuery, Snowflake
              • Data Visualization: Tableau, Power BI, D3.js
              • Libraries and Frameworks: TensorFlow, PyTorch, scikit-learn
              • Natural Language Processing: NLTK, SpaCy, Gensim
              • Data Pre-processing: Pandas, NumPy

              Tech Stack for Enterprise Resource Planning (ERP) Software Development

              SAP

              SAP is the market leader in ERP software and helps companies of all sizes build enterprise software customized to manage their business operations and customer relations. SAP software enables organizations to manage nearly every aspect of business, from finances to HR to procurement and logistics, and more.

              Odoo

              Odoo is a leading open-source ERP platform that offers a suite of business apps that can be customized to cover all your enterprise needs such as CRM, Sales, Development, Project Management, Sales, Management of Human Resources, and more.

              Open Source Tech Stack for Custom Enterprise Software Development

              Open source or open source software (OSS) refers to software code that is designed to be publicly accessible – anyone can see, modify, and distribute the code as they see fit.
              Open source technologies, tools, frameworks, and programming languages accelerate custom enterprise software development such as ERP, CRM, CMS, web and mobile applications, eCommerce software, and more.

              Custom Enterprise Software Development Costs

              The cost of custom enterprise software development can vary significantly depending on various factors such as project complexity, scope, technology requirements, development time, and resource rates. It’s challenging to provide an exact cost without specific project details, but here are some factors that can influence the overall cost.
              Project Scope
              A larger project with extensive features and functionalities will generally require more development time and resources, leading to higher costs.
              Development Time
              Longer development periods typically involve more hours and resources, resulting in higher costs. Factors such as project requirements, technology complexity, and team size can influence the development timeline.
              Resources and Skills
              The cost of development resources, including software developers, project managers, and quality assurance specialists, can vary depending on their experience, skills, expertise, location, and market demand for specific technologies
              Technology Stack
              Some technologies or frameworks may require more specialized skills or licensing fees, which can impact the overall budget.
              Customization and Integration
              The level of customization and integration required with existing systems or third-party applications can affect the cost. Customization often involves additional development effort, which can increase the overall project cost.
              Testing and Quality Assurance
              Comprehensive testing can add to the development cost due to the additional time and resources required.
              Maintenance and Support
              Ongoing maintenance and support costs after the initial development typically include bug fixes, updates, and technical support, which may require dedicated resources or ongoing service agreements.
              Discuss your requirements with a top custom software development company like Fingent to obtain accurate cost estimates for your software project based on your specific business needs and constraints.

              How Can Fingent Help?

              Since 2003, Fingent has been a reliable and capable custom software development partner for leading global brands, including several Fortune 500 companies. Our end-to-end custom software development process is tailored to meet our clients’ business needs, challenges, and goals. Let it be anything – web and mobile app development, cloud migration, enterprise software, modernization of legacy systems, or SaaS development – we offer innovative and reliable software solutions that will delight your customers, simplify your team’s job, and help your business scale.
              Our custom enterprise software development experience spans across multiple industries and advanced tech, including data analytics, augmented and virtual reality applications, artificial intelligence, robotic process automation, internet of things, cloud, mobile, and more.
              Want to know how custom enterprise software development can add value to your business and improve your customer experience? Contact us to get an extended consultation.

              Stay up to date on what's new

                About the Author

                ...
                Vedavyas Shenoy

                Talk To Our Experts

                  Enterprise Software Solutions: Features, Benefits, Tips

                  Imagine a symphony orchestra, where each musician plays a unique instrument, yet harmonizes together to create a beautiful and cohesive melody. In the same way, managing enterprise software solutions involves orchestrating a symphony of digital tools, systems, and processes to achieve optimal performance and operational excellence. It requires a deep understanding of the organization’s goals, its unique challenges, and its diverse needs.
                  This article delves into the features, functionalities, advantages, and factors to consider when it comes to enterprise software solutions. This comprehensive guide will also help you get to know the top-notch enterprise-level software options available.

                  One Product, Many Solutions - An Overview of Enterprise Software

                  Did
                  You
                  Know

                  The valuation of the worldwide enterprise software market was reported at USD 196.40 billion in 2021? Experts predict that this sector will experience a compound annual growth rate (CAGR) of 11.5% between the years 2022 to 2030.

                  – Grand View Research

                  In this realm of endless possibilities, enterprise software solutions are the superheroes of the business world. They possess the extraordinary ability to integrate disparate systems, streamline workflows, and break down silos, enabling organizations to operate with the fluidity and precision of a well-choreographed dance.
                  Think of these solutions as a digital Swiss Army knife, equipped with an array of tools designed to address the unique needs of each organization. They effortlessly navigate through the labyrinth of complex processes, simplifying and automating tasks, and freeing up valuable time and resources for strategic initiatives. They are the secret weapon that unlocks the door to innovation, helping businesses stay one step ahead in an ever-evolving competitive landscape.

                  Facts
                  You
                  Must
                  Know

                  It is estimated that global revenue for enterprise application software will reach $478 billion in 2026.

                  – Statista

                  At the heart of successful enterprise software management lies the ability to bridge the gap between technology and business objectives. It’s about aligning software solutions with the organization’s strategic vision, ensuring that they not only meet current needs but also have the scalability and flexibility to adapt to future demands. This is a delicate balancing act, where one must navigate the complexities of ever-changing technologies, evolving customer expectations, and dynamic market conditions.

                  Types of Enterprise-Level Software

                  If your business is experiencing growth, it’s time to consider enterprise-level software. But what are the different types of enterprise software available? Well, there is quite a bit to consider. Here are six primary types of enterprise-level software solutions along with their key features:
                  Enterprise Resource Planning (ERP)

                  Did
                  You
                  Know

                  ERP is forecast to account for an additional 95 billion dollars this year?

                  – Statista

                  ERP software integrates and manages core business processes such as finance, accounting, human resources, supply chain, and inventory. It provides a centralized database, streamlines operations, and enables data-driven decision-making.
                  ERP’s Features:

                  Facts
                  You
                  Must
                  Know

                  The worldwide market size for Enterprise Resource Planning (ERP) software is anticipated to increase from $46.86 billion in 2023 to $71.34 billion by 2030.

                  – Fortune Business Insights

                  This highlights the significant growth potential for ERP software and points towards the increasing adoption of digital transformation initiatives across various industries.
                  Customer Relationship Management (CRM)

                  Facts
                  You
                  Must
                  Know

                  The worldwide market for customer relationship management (CRM) software is set to expand to 49.6 billion U.S. dollars by 2025. This represents an anticipated growth of approximately four billion U.S. dollars from 2020, reflecting a compound annual growth rate (CAGR) of 1.7 percent.

                  – Statista

                  CRM systems help organizations manage customer interactions, sales pipelines, marketing campaigns, and customer service. They facilitate relationship-building, enhance customer satisfaction, and drive revenue growth.
                  CRM’s functionalities:
                  Reshaping experiential marketing with customized technology allows businesses to create immersive and personalized experiences that captivate customers. By leveraging innovative solutions such as interactive displays, augmented reality (AR), virtual reality (VR), and mobile apps, businesses can engage their target audience on a deeper level. Customized technology enhances brand experiences by providing interactive and memorable encounters that go beyond traditional advertising methods. Through personalized interactions, businesses can leave a lasting impression, foster customer loyalty, and drive brand awareness. These technologies enable businesses to showcase their products or services in innovative ways, creating unique and captivating moments that resonate with customers. By leveraging customized technology, businesses can reshape the landscape of experiential marketing, offering immersive and engaging experiences that elevate their brand and set them apart from competitors.
                  Supply Chain Management (SCM)
                  SCM software optimizes the flow of goods, materials, and information throughout the supply chain. It includes functions like inventory management, demand forecasting, procurement, logistics, and supplier relationship management.
                  SCM’s functionalities:
                  Human Capital Management (HCM)
                  HCM solutions focus on managing human resources, including employee data, recruitment, onboarding, performance management, training, and benefits administration. They streamline HR processes and enhance workforce productivity.
                  HCM’s functionalities:
                  Business Intelligence (BI) and Analytics

                  Did
                  You
                  Know

                  The global market for business intelligence and analytics software applications is anticipated to expand in the forthcoming years, with a projected increase from 15.2 billion U.S. dollars in 2020 to over 18 billion U.S. dollars in 2025.

                  – Statista

                  BI and analytics software help organizations transform raw data into meaningful insights. They enable data visualization, reporting, and predictive analytics, empowering informed decision-making and strategic planning.
                  Functionalities of BI and analytics:
                  Enterprise Content Management (ECM)

                  Did
                  You
                  Know

                  The global enterprise content management market had a value of 12.94 billion U.S. dollars in the year 2018? Projections indicate that this market will experience an increase, reaching 32.3 billion U.S. dollars by the year 2027.

                  – Statista

                  ECM systems facilitate the creation, storage, retrieval, and management of digital content within an organization. They include document management, collaboration tools, records management, and workflow automation.
                  ECM’s functionalities:
                  These software solutions are designed to enhance efficiency, improve decision-making, streamline processes, and promote collaboration within an organization. However, it’s important to note that each solution can have additional features and functionalities depending on the specific vendor and customization requirements.

                  Features of Enterprise Software Solutions

                  Enterprise-level software solutions typically offer a range of features and functionalities that cater to the diverse needs of organizations. While the specific features may vary depending on the type of solution and vendor, here are some common features found in enterprise-level software solutions:

                  Did
                  You
                  Know

                  It is projected that the collaboration software revenue will manifest a compounded annual growth rate (CAGR 2023-2028) of 2.00%, ultimately leading to a market size of US$16.12bn by 2028.

                  – Statista

                  Weathering Storms with ERP - Advantages of Enterprise-Level Software Solutions

                  Facts
                  You
                  Must
                  Know

                  The valuation of the worldwide enterprise application market was recorded at $238.36 billion in 2020, with a projected growth to $527.40 billion by the year 2030, exhibiting a compounded annual growth rate of 8.2% between 2021 and 2030.

                  – Allied Market Research

                  Running a business is like sailing a ship through treacherous waters. To navigate these tumultuous seas successfully, you need a powerful vessel that can weather any storm and help you reach your destination. That powerful vessel is an enterprise-level software solution, and it offers many advantages that can transform how you operate. Let us explore the advantages:
                  Enterprise-level software solutions are designed to streamline your business processes. They act as a compass, guiding you through the complexities of managing your organization. These solutions automate tasks, eliminate manual errors, and optimize workflows. They bring order to chaos and ensure that your operations run smoothly, freeing up valuable time for you and your team to focus on more strategic initiatives.
                  Just as a sturdy ship allows you to explore uncharted territories, enterprise-level software solutions empower your business to scale new heights. These solutions are built to accommodate growth, whether it’s expanding your customer base, increasing your product offerings, or entering new markets. They provide the flexibility and scalability needed to adapt to changing business demands, ensuring that you stay ahead of the competition.
                  In today’s data-driven world, information is a treasure trove, and enterprise-level software solutions offer you the keys to unlock its power. These solutions capture, analyze, and present data in meaningful ways, providing you with actionable insights to make informed business decisions. Whether it is understanding customer preferences, optimizing your supply chain, or identifying emerging trends, data-driven decision-making becomes your secret weapon.
                  Just as effective communication among sailors is crucial for a successful voyage, enterprise-level software solutions foster collaboration and communication within your organization. They provide centralized platforms for sharing information, collaborating on projects, and coordinating tasks. These tools enable seamless communication across teams, departments, and even geographical boundaries, fostering a sense of unity and synergy among your crew.
                  As you sail through the digital waters, the threat of cyberattacks and data breaches looms large. Enterprise-level software solutions come equipped with robust security measures, acting as a sturdy shield to protect your business. They offer features like encryption, access controls, and regular security updates, safeguarding your sensitive information and providing peace of mind to you and your customers.
                  At the heart of every successful business lies a crew dedicated to delivering exceptional customer experiences. Enterprise-level software solutions empower your team with tools to enhance customer satisfaction. They provide comprehensive customer relationship management (CRM) capabilities, enabling personalized interactions, efficient support, and a seamless buying journey. By harnessing these solutions, you can delight your customers and build long-lasting relationships that stand the test of time.
                  In a crowded marketplace, staying ahead of the competition is essential. Enterprise-level software solutions give you a competitive edge. They provide advanced analytics, market insights, and real-time reporting, helping you identify market trends, spot emerging opportunities, and make strategic moves ahead of your rivals. With these solutions as your compass, you can steer your business in the right direction, leaving your competition in your wake.

                  Best Enterprise-Level Software Solutions

                  Here are five enterprise-level software solutions that have gained recognition for their robust features, scalability, and ability to meet the complex needs of enterprise-level organizations.
                  1. SAP S/4HANA
                  Here are five enterprise-level software solutions that have gained recognition for their robust features, scalability, and ability to meet the complex needs of enterprise-level organizations.
                  2. Salesforce
                  Salesforce is a leading CRM (Customer Relationship Management) solution that helps businesses manage customer interactions, enhance sales and marketing processes, and drive personalized engagement.
                  3. Microsoft Dynamics 365
                  Microsoft Dynamics 365 is a suite of business applications that includes CRM and ERP functionalities. It offers a unified platform, seamless integration with other Microsoft tools, and flexible customization options.
                  4. Oracle NetSuite
                  Oracle NetSuite is a cloud-based ERP solution designed for mid-sized and large enterprises. It provides end-to-end business management capabilities, real-time visibility, and scalability.
                  5. Workday
                  Workday is a cloud-based HCM (Human Capital Management) and financial management solution. It helps organizations manage their workforce, payroll, talent, and financial operations efficiently.
                  The property management platform is focused on streamlining property management processes. This comprehensive solution is designed to assist property owners and managers in efficiently managing rental properties. It likely offers features such as tenant management for organizing tenant information and maintaining records. The platform may also include rent collection functionalities to automate rent payments and notifications. Maintenance tracking features can help manage maintenance requests, schedule repairs, and track property upkeep. Lease management capabilities are likely provided for handling lease agreements, monitoring lease terms, and managing renewals or terminations. The platform may also offer communication tools to facilitate better interaction between property owners, managers, and tenants. By utilizing this property management platform, users can optimize workflows, centralize data, and improve operational efficiency. For more specific details about the platform’s features and benefits, it is recommended to visit the provided link.

                  Use Cases – Industries That ERP Can Transform

                  Now that we have seen some solutions, it’s time for the challenge of decision-making. Let’s look at a few use cases that will show the possibilities with a good Enterprise software solution.

                  Manufacturing Industries

                  From automotive giants to cutting-edge electronics manufacturers, EAS solutions optimize production processes, manage inventory, track quality control, and streamline supply chain operations. These solutions act as the mastermind behind the scenes, ensuring smooth operations, minimizing waste, and delivering products to market faster than a speeding bullet.

                  Retailers

                  In the competitive world of retail, enterprise software solutions bring magic to the shelves. They handle everything from point-of-sale systems and inventory management to customer loyalty programs and e-commerce integration. These solutions empower retailers to stay ahead of the game and deliver exceptional customer experiences.

                  Service providers

                  From hospitality giants to telecommunications providers, businesses in the service industry rely on enterprise software solutions to manage customer relationships, streamline service delivery, and track performance metrics. These solutions transform businesses into customer-centric champions, delivering exceptional experiences and solving problems.

                  Healthcare

                  EAS solutions can optimize patient care, electronic medical records, appointment scheduling, and medical billing. These solutions act as trusty sidekicks to doctors, nurses, and administrators, ensuring efficient workflows, seamless information exchange, and ultimately saving lives.

                  Financial institutions

                  Banks and insurance companies harness the power of enterprise solutions to manage complex transactions, handle regulatory compliance, analyze data, and provide personalized financial services.

                  Case-in-Point: Enterprise Software Solution

                  Here are a few case studies that demonstrate how enterprise software solutions have been instrumental in enabling these organizations to optimize their processes, enhance customer experiences, and drive business success in their respective industries.

                  Refreshing Its Systems To Reach 2 Billion Customers - Coca-Cola

                  Coca-Cola operates globally with multiple production facilities, distribution centers, and sales channels. Reaching its 2 billion customers, with over 250 products in over 200 countries was a colossal challenge.

                  “We need to be very relevant and very precise to be cost effective with our marketing dollars, and to truly engage with our consumers with relevant messaging and offer them the products that they’re most interested in.”

                  - Keith Bartig, Director, Precision Marketing Technologies at the Coca-Cola Company

                  Implementing an enterprise software solution over Adobe Stack allowed Coca-Cola to streamline its operations by integrating various functions such as finance, procurement, supply chain, and manufacturing into a single platform. It enabled Coca-Cola to standardize its business processes across the organization, ensuring consistency, data integrity, and improved reporting capabilities.

                  These solutions helped Coca-Cola gain better visibility into its supply chain, from procurement to production and distribution. This led to accurate demand forecasting, optimized inventory management, and reduced lead times, leading to cost savings and improved customer satisfaction.

                  Besides, this solution empowered Coca-Cola with real-time financial insights, improved financial control, and streamlined financial processes.

                  Creating Unsurpassed Customer Experiences With ERP - Marriott International

                  Hospitality giant Marriott International needed a solution that would encompass its vast global operations with the central goal of providing the perfect customer experience every single time.

                  “We have to understand their preferences and to create the experiences we need to traverse Marriott’s physical properties as well as Marriott’s digital properties — and in some cases, our partner properties. Data and analytics are essential to the design of these experiences. We need the data to measure the outcomes of these experiences, and also figure out how to personalize the experiences for our customers.”

                  - Hurkan Balkir, Vice President of Architecture and Application Development at Marriott International.

                  Marriott International implemented an Enterprise Content Management (ECM) software solution to manage its digital content, which included marketing materials and customer information. This solution is the backbone of their loyalty program Marriot Bonvoy which has a reach of 140 million-plus members!

                  Using this solution, Marriott was able to improve collaboration and information sharing across the organization, thereby helping it to be more effective in marketing and customer service.

                  Ingenuity In Action With The Power Of ERP - Siemens

                  Innovative global technology provider for 170 years, Siemens needed an integrated, efficient process that would sustain growth and scalability. The company’s scattered landscape led to slow delivery timelines and a lack of flexibility. This resulted in an inability to meet business demands.

                  "In the past, we did not really have any platforms. Rather, we had scattered solutions provided either for the automation of our value chain processes in HR, sales, finance, and product development. These were all individual solutions."

                  - Hanna Hennig, CIO of Siemens.

                  Implementing an enterprise software solution helped Siemens not only supported their employees worldwide during and after the pandemic but also implement new forms of work effectively.

                  Hanna Hennig says,

                  "We were able to scale our services quickly and smoothly in order to put 300,000 employees in a position to work from home. With more than 800,000 online meetings per day, we are already enabling them today to collaborate effectively without being at the same location."

                  Processing 830 Million Orders Seamlessly - Walmart

                  Walmart, a large procurement operations business that has 100,000 plus suppliers and many more customers, was looking for a solution that would empower them to engage with them optimally.

                  Walmart has partnered with Salesforce to offer retailers access to Walmart's scalable technologies. By leveraging these solutions, retailers can provide personalized and convenient shopping experiences that include real-time order tracking, and dependable local pickup, and delivery services.

                  Walmart implemented an inventory management software solution to reduce supply chain costs and minimize wastage. By providing real-time data and analytics, the solution enabled the company to optimize its inventory levels, reduce overstocking and stockouts, and improve its operational efficiency.

                  "The technology utilized by Walmart to successfully process over 830 million orders through its 4,700 stores."

                  - Anshu Bhardwaj, senior vice president, Walmart Global Technology.

                  After implementing a software solution, Walmart experienced less than 1% of invoice discrepancies. – Harvard Business Review.

                  Express Jump From Now To Next - FedEx

                  As a specialized logistical service company, FedEx needed an efficient information system.

                  "Brands and merchants have to move quicker than ever to meet their customers' expectations. With the combined power of Salesforce and FedEx, we will provide them the speed, control, and economics they need to help them exceed those expectations. From optimizing their inventory management and fulfillment operations, to faster delivery and attracting new buyers, together we're helping change the game so brands and merchants can have greater control over the links of their supply chain and increase their competitiveness."

                  - Claude Russ, COO of FedEx Dataworks and CEO of ShopRunner

                  Implementing CRM enabled Fedex to provide faster, easier, and cost-efficient experiences to its customers.

                  The Secret Behind Becoming Earth's Most Customer-Centric Company - Amazon

                  Amazon has over 2.5 million active sellers at Amazon. The need to ensure consistent operations throughout the cycle of operations for all these sellers is a colossal task, to say the least.

                  However, Amazon has been making this possible using the SAP suite of products as its ERP system. Considering the vast e-commerce operations it enables, Amazon needs a range of enterprise software solutions to support them. They use things like customer relationship management (CRM), supply chain management (SCM), and business intelligence tools to keep everything running smoothly. Plus, they developed a technology infrastructure that is top-notch and can handle their exponential growth.

                  The Amazon ERP integration is a force of its own. It provides sellers on Amazon a seamless experience with the trinity of selling - order, inventory, and account management.

                  In this way, Amazon implemented enterprise software solutions to optimize its operations, improve efficiency, enhance customer experience, and support its various business units, including e-commerce, cloud computing, supply chain, and more.

                  Choose The Perfect Enterprise Application Software for Your Business

                  Choosing the perfect enterprise application software for your business is like embarking on an exciting quest to find the ultimate treasure. It requires careful planning, market research, and assembling the right team to ensure success. Let’s delve into the steps that will guide you on this captivating journey.
                  Throughout this search, keep an open mind, leverage the insights gained from market research, and constantly communicate with your team. However, you may wonder what are the pricing considerations. We have collected a few for your benefit.

                  Pricing Considerations of Enterprise Application Software Solutions

                  When considering the pricing of enterprise application software, there are several key factors to keep in mind. Here are some:

                  Licensing Model

                  Enterprise software often offers different licensing models, such as perpetual licenses or subscription-based pricing. Perpetual licenses involve a one-time upfront payment for the software, while subscription-based pricing requires regular payments, typically monthly or annually.

                  Vendor Comparison

                  When evaluating different enterprise software vendors, compare pricing structures, contract terms, and support offerings. Obtain detailed pricing quotes and request clarification on any potential hidden costs or future price increases. Consider the reputation and reliability of the vendor to ensure you are investing in a trusted partner for your business needs.

                  User-Based or Usage-Based Pricing

                  Some pricing models are based on the number of users accessing the system, while others may be based on usage. Determine whether user-based pricing or usage-based pricing is more suitable for your business.

                  Customization

                  Consider your business’s growth plans and scalability needs. Ensure the pricing allows for flexibility and can scale with your business requirements to avoid unexpected costs down the line.

                  Deployment Options

                  On-premises solutions may involve higher upfront costs for hardware and infrastructure, while cloud-based solutions often have subscription-based pricing with lower upfront expenses. Consider the total cost of ownership for each deployment option.

                  Additional Costs

                  Be aware of any additional costs that may arise. These can include implementation and customization fees, integration costs with other systems, training expenses, ongoing support fees, and software maintenance charges.

                  Features and functionalities

                  Generally, an increase in the number of features and functionalities of an enterprise software solution can lead to a higher pricing structure.
                  By carefully analyzing the pricing considerations of enterprise application software within the context of your specific business requirements and financial capabilities, you can make an informed decision that aligns with your budget.

                  The Reins Are in Your Hands – Fingent Can Help

                  In the vast ocean of enterprise software implementation, a reliable vendor or partner like Fingent top custom software development company is your trusted companion, guiding you through stormy seas and towards success. With our expertise, support, and commitment to your business’s needs, we ensure your journey is not only successful but also exciting and fulfilling.
                  With your expert’s guidance, your team becomes proficient in utilizing the software’s full potential, enabling smooth sailing long after the implementation is complete. Our ERP solutions cover every aspect of your business’ needs right from Forecasting and Budgeting, Financial Reporting, Risk Management, Ecommerce integrations, CRM and more.
                  We stay up-to-date with the latest software updates, enhancements, and industry trends, ensuring your organization remains equipped with the best tools for your business journey ahead. We will remain your strategic partner, ready to help and navigate any future challenges that arise. Reach out to us and let’s get started.

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                    About the Author

                    ...
                    Vedavyas Shenoy

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                      For more than a decade, businesses in all industries have undergone a digital metamorphosis. This evolution is marked by a transition from on-premises software solutions to cloud-based computing technology.

                      By leveraging cloud-computing resources, businesses can gain access to scalable assets, increase organizational performance, and optimize digital agility.

                      It’s a mistake to think about cloud solutions primarily as software-as-a-service (SaaS) applications. While these technologies are a valuable component of business modernization, they’re only the tip of the iceberg.

                      Businesses that create their own cloud-native applications can truly harness the power of discrete cloud technologies to deliver long-lasting competive advantages. As their name implies, cloud-native applications are “native” to the cloud computing environment. In other words, cloud-native software development involves creating applications in components optimized for deployment in the cloud instead of a physical computing environment.

                      What Is Cloud-Native Development?

                      In simple terms, cloud-native software development is the process of creating applications using core cloud-computing principles and resources. The architecture of cloud-native applications is highly scalable, responsive, and dynamic.

                      Cloud-native applications are designed to be deployed and run in cloud computing environments, and as such, they offer a number of benefits to developers. Some of the advantages of developing cloud-native applications include:

                      • Scalability: Cloud-native applications can easily (and often automatically) scale up or down to meet changing demand with consistent performance levels, making them well-suited for applications with fluctuating usage patterns.
                      • High availability: Cloud-native applications can be designed to be highly available, meaning they can withstand failures and continue to function even in the event of a hardware or software failure.
                      • Elasticity and Agile development: Using independent microservices isolates the effects of changes, making it easier for developers to iterate on their products and respond to customer needs.
                      • Cost efficiency: By leveraging the economies of scale offered by cloud providers, businesses can reduce their infrastructure costs and invest in building and improving their applications.
                      • Integration with cloud services: Cloud-native applications can easily integrate with other cloud-based services, such as databases, messaging systems, and analytics tools, which can simplify development and improve the functionality of the application.

                      Overall, the main advantage of cloud-native applications is that they are designed to take full advantage of the capabilities of cloud computing environments, which can help developers build and deploy applications more quickly, efficiently, and at lower costs.

                      Additionally, many cloud-native applications are “cloud-agnostic,” meaning they can be run on a range of cloud providers (hyperscalers) or function in multi-cloud environments. Much of the appeal of cloud-native software development lies in the ability to yield adaptable and versatile applications. Sometimes applications can benefit from services that are only available from certain cloud providers, which risks “vendor lockin,” so it pays to consider the trade-offs carefully.

                      Read more: Can Moving to Cloud Native Improve Business Agility?

                      cloud native

                      Why Modern Businesses Need Cloud-Native Development

                      Like on-premises computing resources, software created with traditional application-development practices are bound by the limits of that technology. As such, they can’t provide the quality of experience that modern audiences expect.

                      Additionally, applications developed in an old-school environment often need re-factoring to try to match the performance of cloud-native alternatives when the former is introduced to a cloud environment.

                      By leveraging cloud-native development services, modern businesses can facilitate their digital transformation on a faster time horizon. Cloud-native processes enable businesses to serve their customers better and deliver a frictionless user experience.

                      Top businesses in virtually all industries leverage cloud-native development. Those that neglect to do so will fall further behind these trailblazers and find it challenging to maintain a foothold within their respective markets.

                      Adopting cloud-native processes is no longer an optional step—it’s become necessary for businesses that want to thrive in the digital marketplace.

                      Top Benefits of Cloud-Native Software Development

                      Your business can tap into the multiple benefits of investing in cloud-native software development. Specifically, your organization can:

                      1. Streamline the User Experience (UX)

                      When the goal of cloud native is to develop applications that can serve your business while adjusting to the speed of changing technology, the end user is always the priority.

                      Because of the improved speed of development and the ability to make changes during the development process, cloud native puts UX first. While there are many ways to enhance the UX, investing in cloud-native development is one of the most effective approaches.

                      2. Improves Development Strategy

                      Cloud-native applications enable developers to leverage two essential UX-centric methodologies: continuous integration (CI) and continuous delivery (CD).

                      Continuous integration is the process of merging code changes using automation. Multiple developers can merge code changes into a centralized project to streamline app development and generate a cohesive, fully functional product.

                      Continuous delivery addresses post-release application software updates. Instead of occasionally pushing out massive updates, CD involves delivering smaller updates more frequently. This short-cycle approach improves software delivery and performance while yielding a super UX.

                      Moreover, microservices can be easier to implement with quality assurance automation, which elevates achievable levels of code quality.

                      3. Protect Business Continuity

                      Making dynamic, user-friendly applications a central part of your business model can give you a competitive edge in the modern marketplace. However, if your application goes down, customer frustrations will mount, and your brand could experience lasting reputational damage as a result.

                      Since cloud-native apps can tap into stand-alone, scalable cloud resources, these products are far less likely to experience extended outages due to spiking utilization. Developers can more rapidly isolate and remedy the issue, as well as rapidly test changes when a cloud-native app experiences downtime, thereby protecting business continuity.

                      4. Meet Evolving Demands for Services

                      In the digitized marketplace, it seems as if customers’ expectations and demands are in a constant state of flux. Unfortunately, it can be difficult — if not impossible — to pivot rapidly using legacy application development processes.

                      Cloud-native architectures can give your organization the agility it needs to respond to sudden shifts in customer expectations. For instance, you could add a new feature that enables customers to communicate easily with your brand. You could also frequently update your app’s capabilities to improve overall performance and stay relevant in the digital marketplace.

                      Read more: Cloud-Native Application Development: How It’s Powering App Delivery

                      cloud native application

                      When Should Businesses Shift to Cloud-Native?

                      The short answer is “yesterday.”

                      In the long run, cloud-native software development outperforms traditional application development practices at every turn. Cloud-native development reduces risk, has broader scalability, and allows developers to make changes more quickly. Most notably, the speed of delivery is far and above one of the most compelling advantages of shifting to a cloud-native approach.

                      Your organization is undoubtedly using cloud-based computing resources in at least some capacity. You can complete the transition by modernizing your cloud-native development processes, too. Doing so will empower your business to regain a competitive edge within your respective industry.

                      At the same time, one should consider the downsides of cloud applications. Some cloud-native applications can be more complex than traditional applications, due to the need to integrate with multiple cloud-based services and manage distributed systems. This can create more opportunities for something to fail.

                      While cloud native applications can be cost-effective they can also be more expensive than traditional applications in certain situations, particularly if they require a large number of resources or if they have high usage patterns.

                      The Nexus Between Cloud-Native Development and Business Modernization

                      Today’s customers want the freedom to interact with brands across multiple touchpoints. This holds true whether your target audience consists of individual consumers or business-to-business (B2B) clients.

                      Modern businesses live up to this customer expectation by providing their clients access to user-friendly, intuitive, and dynamic applications. These organizations can expand their reach in the digital marketplace, connect with a broader audience, eliminate friction from purchasing processes, and generate more revenue, all by transitioning to cloud-native development.

                      Conventional, monolithic application development practices often present a significant hurdle to large-scale integrations, digital transformation and business modernization efforts. Your business can’t achieve its digital transformation goals without fully embracing the cloud-computing environment and its many resources.

                      Examining the Business Impact of Cloud-Native

                      The notion that cloud-native software development is the new gold standard isn’t just pure conjecture. This fact is supported by numerous case studies and research projects, including a recent business impact brief by 451 Research.

                      In the brief, the organization’s team reported that:

                      • 64% of companies develop at least half of their applications using cloud-native technology
                      • 49% of companies have partially or fully adopted Kubernetes
                      • 55% of companies have partially or completely adopted containers

                      451 Research analysts concluded that cloud-native software development has gone beyond the development process and evolved into a full-fledged methodology. As such, it should continue gaining momentum among brands passionate about actualizing digital transformation.

                      And that’s just the barest overview. Managers can review 451 Research’s business impact brief by downloading the report.

                      451

                      Why Choose Fingent for Cloud-Native Development?

                      Fingent’s suite of cloud-native software development services is designed to deliver maximum value to our clients. When leveraging Fingent’s cloud-native development services, your organization will experience:

                      • Consistent, High-Quality Results: As a client-oriented cloud-native development firm, Fingent focuses on providing high-quality, consistent results that exceed expectations. Our robust, agile teams and dynamic quality assurance practices ensure that our deliverables expressly meet your needs and address your most significant organizational pain points.
                      • Best-of-Breed Solutions: Fingent’s unique approach enables us to provide world-class cloud-native software development services that produce best-of-breed solutions. These cost-effective solutions will align with your budget and delivery timetable. With Fingent, you won’t have any last-minute surprises like budgeting issues or missed deadlines.
                      • Prebuilt Services: Fingent’s talented team can build truly custom solutions for your organization. However, we can also expedite development by leveraging prebuilt frameworks, applications, and microservices for common functions that are a staple of virtually all industries. Some of these prebuilt services include cognitive AI, shipment, and payment service functions.
                      • Pay-as-You-Go Models: With Fingent, you can transition away from speculative technology spending — that is, purchasing new machines and acquiring more infrastructure in anticipation that you will succeed. While it’s important to believe in your business and plan for its success, tying up resources on unneeded equipment for months or years will only harm your bottom line. But Fingent enables you to break the cycle of speculative spending and rely more on operational expenses (OPEX). Instead of letting new hardware gather dust in the data center until its eventual use, you can access additional servers on-demand via a cloud-native infrastructure.
                      • Scalability: As your business grows, you must have the flexibility to support additional users at a moment’s notice. However, scaling IT capabilities can too time-consuming, and costly if you are limited by monolithic software architectures.Take advantage of Fingent’s expertise to create your cloud-native capabilities that are able to support more users in more locations, all while accommodating a dynamic array of devices.
                      • Speed of Delivery: Fingent can help you stay on top by providing an expedited speed of delivery via cloud-native solutions. Skip the need to field a development team with the right mix of skills but assigning your project to Fingent. We facilitate an accelerated speed of delivery by shifting away from a “big bang” approach to project management when practical and instead focusing on achieving meaningful milestones across the project’s development life. We have the deep bench of personnel needed to keep projects moving ahead at the optimal speed.
                      • Transparent Project Management: At Fingent, we always keep our clients in the loop. We’ll routinely provide you with updates regarding the status of your cloud-native development project. We pride ourselves on setting firm deadlines and adhering to them.

                      If you’re ready to achieve business modernization and make your organization a standout player in your industry, take advantage of Fingent’s cloud-native services. Contact us to discuss your latest project.

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                        About the Author

                        ...
                        Dileep Jacob

                        Dileep Jacob is a Management & IT professional with an entrepreneurial flair. Currently, he is associated with Fingent as the Senior Vice President - Global Operations. With over 22 years of experience, Dileep has been progressively serving the Technology service industry in the roles of Software Engineer, Business Analyst, Manager - Business Development, Senior Manager - Service Delivery, and VP - Operations. Dileep believes implementing the right technologies most effectively can bring transformative and remarkable business results.

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                          Organizations are enhancing their competitiveness by prioritizing digital transformation as the global marketplace becomes increasingly crowded and interconnected.

                          Broadly speaking, the concept of digital transformation involves the systematic evolution of core and auxiliary business processes to take advantage of advances in computing and software systems to increase efficiencies.

                          However, no digital transformation initiative will be effective unless it involves an app modernization component.

                          Also referred to as “application modernization,” app modernization enables organizations to transform effectively, increase their competitiveness, and differentiate themselves within their respective industries.

                          What is App Modernization?

                          A “legacy” system uses outdated software or computing hardware to deliver important organizational capabilities but cannot interact with other systems or be updated effectively. App modernization is the process of addressing known issues in outdated legacy software. The issues may include:

                          • Software problems (“bugs”) that cannot be resolved fast enough,
                          • Missing features will take too long to add,
                          • Fragile code (changes tend to create new problems),
                          • Technology obsolescence (e.g., few programmers for the source code language used),
                          • A software vendor is out of business, etc.

                          Commercial off-the-shelf software (COTS) may not provide source code access, preventing an organization from addressing software issues. When pursuing app modernization for software for which source code is available, your organization can choose between one of three approaches:

                          • Revitalizing an application old applications
                          • Replacing an application technology with custom-built solutions
                          • Rehosting or re-platforming

                          Organizations that choose to revitalize old applications will be updating existing software with new capabilities and features. This may also include refactoring (editing the software to do the same things better).

                          Read more: Why choose custom software over commercial off-the-shelf solutions?

                          custom software

                          Other companies may elect to get rid of aging technology to replace it with new, custom-built solutions or with a COTS solution.

                          In some instances, though, to achieve performance improvements, you may just need to move your existing application onto a more powerful computing engine, typically today on a modern, cloud-based infrastructure — a process known as rehosting or re-platforming.

                          How do you know which is the best app modernization option for your needs?

                          Particularly old or antiquated legacy technology will need to be replaced, whereas newer solutions might be suitable for repurposing or retrofitting. Rehosting is the most pragmatic approach if an application still meets your business’s needs but is negatively impacted by your current infrastructure.

                          When updating existing software, your app modernization team will need to rewrite code to add new features to your solutions. While this can be a tedious and time-consuming process, it may be more efficient than rebuilding a new solution from the ground up.

                          Opting for the more labor-intensive choice of modernizing by replacing legacy systems may provide more substantial long-term benefits altogether, especially if the landscape of your industry has changed significantly since you installed your current technology suite. Proper planning will control how the migration to a new system occurs and to what extent a legacy system needs to be operational during the transition.

                          In order to determine which approach is most appropriate for your business, you should first consider whether your current application effectively meets your company’s needs. If it doesn’t, you will need to either repurpose or replace your technology, but if it does, a simple rehosting might be the most practical option.

                          Why You Need It, Especially Today

                          Application modernization is a core component of digital transformation. If your company’s current applications do not effectively meet its needs or promote efficiency, you will never be able to meet your digital transformation goals. In a 2019 IBM-Forrester survey, 40% of developers reported being more productive when on the cloud in a digital transformation.

                          Instead, you will always be working from a disadvantage, which could allow your competitors to encroach on your market share within your respective industry.

                          App modernization will not only enable you to fulfill your digital transformation goals, but it will also empower your business to operate more efficiently, enhancing the customer experience, paving the way for future growth, and boosting revenue.

                          Read more: Why Top Companies Are Investing in Application Modernization

                          What to Consider Before App Modernization

                          You cannot approach app modernization haphazardly, or you could experience significant and potentially prolonged disruptions to your company’s operations.

                          Remember, app modernization efforts will impact the functionality and performance of your company’s core software solutions, such as your customer relationship management platform and accounting software, so with that in mind, you must gauge the costs of an app modernization initiative.

                          Identify what goals you want to achieve, plan how long it will take to achieve those objectives, and seek the support of a third-party technology firm that will be able to provide an objective perspective and help you determine which approach to pursue when you start your journey toward app modernization.

                          Read more: The secrets to a successful app modernization journey.

                          App modernization

                          Knowing Your Options in App Modernization

                          To decide which of these approaches is most suitable for your business, you must take an objective look at the state of your technology stack. Is the version of all elements of the stack up-to-date? Are frameworks and languages still “main stream?”  If your current solutions impede business growth, it is likely time to replace them or, at minimum, rewrite them.

                          Rehosting can be incorporated into your app modernization strategies in two ways. If you have an application that meets your needs, you can simply migrate the app from a native architecture to a cloud-based one. Additionally, you can incorporate rehosting into your rip-and-replace or rewrite app modernization process, as transitioning to the cloud will improve the performance of any application.

                          Steps to Kickstart Your App Modernization Journey

                          The entire process can feel daunting and overwhelming when you are at the precipice of your app modernization journey. Still, you can jump-start your digital transformation and app modernization efforts through the following techniques:

                          1. Finding Your Why

                          First off, outline why you want to modernize your applications. Defining your “why” will help you and your team stay focused once your modernization journey is underway.

                          2. Assess Your Talent

                          Take an objective look at your in-house team and its capabilities. Are they going to be able to oversee your app modernization effectively? If not, it might be time to bring in some outside resources.

                          3. Decide Whether You Want to Move to the Cloud

                          Suppose you have invested heavily in on-premises resources in the past; in that case, it might be tough to move on from these assets and transition to the cloud. But making the switch will benefit your business both now and in the long run, so you should at least consider the notion.

                          4. Assess Risk and Act

                          Finally, you need to assess the risks associated with each app modernization option. Outline the benefits of rewriting your current applications, replacing them altogether, and migrating to the cloud. Once you have calculated the costs of app modernization, choose the option that best aligns with your needs and take action.

                          How Fingent Can Help in Successful App Modernization

                          Leveraging app modernization to enhance the efficacy of your digital transformation effort is a huge undertaking. Fortunately, you don’t have to navigate this process alone, as you can partner with a talented software development team like that of Fingent.

                          Fingent’s team of experts can help you apply the latest technologies to your business, including cloud-native solutions, artificial intelligence tools, and machine learning software.

                          Contact us today to learn more about how we can assist with your app modernization efforts.

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                            About the Author

                            ...
                            Tony Joseph

                            Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

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                              Modernization is a desire to stay relevant and grow. App modernization does just that for businesses. It enables them to stay relevant and grow. In line with that, organizations worldwide are scrambling toward digital transformation. How does that benefit businesses?

                              App modernization or updating older software for newer computing approaches extends the lifespan of an organization’s applications while allowing it to take advantage of technical innovations. It is like renovating an old house to improve efficiency, safety, structural integrity, and more.

                              However, there have been occasions when the app modernization project has failed. This has been a concern to most business owners considering digital transformation. Are you one of them? If so, through this blog, you can learn why and how to avoid app modernization failure.

                              First things first. Does your company need app modernization? If so, why?

                              Why Your Company Needs App Modernization

                              Apart from what we discussed earlier in this blog, app modernization integrates new features to keep up with the latest business requirements. Even so, many business leaders wonder if their business needs app modernization. Here is a list of specific reasons for you to consider:

                              • It allows you to create new features and services that align with your current business needs and goals. In addition, you can personalize these features to ensure long-term value creation.
                              • Educating new and older employees becomes easier as app modernization can automate tedious and repetitive processes.
                              • App modernization helps you leverage the benefits of the cloud environment, allowing you to provide fast and efficient customer service.
                              • Cloud-native applications offer top-notch security features as compared to legacy applications.
                              • App modernization allows you to add newer features, services, and functions. These, in turn, increase customer satisfaction leading to increased revenue.

                              Why, then, does app modernization backfire at times? And how can you ensure the success of the project?

                              Read more: Why modernize your legacy systems? What’s the best approach to legacy systems modernization?

                              Legacy system modernization

                              Why Some App Modernization Projects Fail

                              When an app modernization project fails, it may pose serious problems for your business, including wasted resources and time. Failed app modernization may hinder agility and keep your business from capitalizing on modern technology. It was noted that an alarming 79% of app modernization projects still fail. Why? Surprisingly, the failure is not due to the new system or methodology, nor caused by the modernization vendor. The reasons are much deeper. Here are the top 5 reasons why app modernization projects fail:

                              1. Ignoring the business process

                              Modernization efforts fail when the business process (accounting, inventory, finance) is poor, and a business tries to correct it with new systems. That will never work. Businesses must first understand what is slowing them down. Determining the problem is the right foundation for successful app modernization.

                              2. Implementing new systems without considering drastic business changes

                              When entirely new systems are implemented without considering the drastic business changes, the employees are forced to adapt quickly. In addition, such practice forces the business to evolve to fit the new software. Instead, the software must adapt to fit the current business process and requirements.

                              3. Businesses mistakenly assume that they are ready for a complete revamp

                              Most businesses believe that they are ready to replace the old system with new systems, and the business will run better. Now that is a huge mistake. Completely replacing all systems can send your business and your employees into shock. It may even change how customers interact with the business. A better approach is to modernize in calculated steps.

                              4. Failing to adopt an agile software

                              The pandemic helped us see that agility is king. Adopting inflexible applications can have disastrous consequences on your business. If you want to be future-ready, replace rigid applications with agile applications.

                              5. Failing to consult the end user

                              Modernization projects that do not involve the IT department and the end user fail as they do not consider how the new solution fits business needs.

                              Read more: Advancing Business Software Development With Cloud Native

                              The Secret to A Successful App Modernization Project Journey

                              Every business that embarks on a modernization project journey faces many challenges. The success of your app modernization efforts comes down to two key components: your IT team and your employees. As teams go through this journey, use these secrets to avoid failure and ensure success.

                              Secret 1.  Build a cross-functional team

                              When choosing a team or developing an innovation group, build a cross-functional team that can focus on developing the culture, process, and tools needed to improve the modernization process.

                              Secret 2.  Toss it, sort it, and commit to it

                              An effective business principle is to welcome all ideas and sort them, but when a decision is reached, you must commit to it and execute that above all else. Doing so will ensure the progress of the project.

                              Secret 3. Map out the development workflow

                              Mapping out a development workflow can help you when you encounter complexities in the project. It helps you look at every tool being used and identify dependencies.  

                              Secret 4.  Set milestones 

                              Projects may change. Setting small modernization goals will help you adjust your long-term plans and reduce engineering risk. Focus on many small steps when planning for a major milestone. Doing so will ensure smooth progress from one step to another.

                              Secret 5.  Prioritize data into categories

                              If you prioritize data into high, moderate, or low categories, you can decide what safeguards to have for each category.

                              Secret 6.  Do not sew a new cloth on an old cloak

                              Take a hard look at your development workflow and identify habits that could derail your app modernization process. Don’t just patch up old problems with a new tool. Remember, these problems can derail new tools, so don’t patch, fix.

                              Secret 7.  Keep your team in the loop

                              Your team may find it challenging to develop the knowledge they need to work on the new tools. Keeping them informed about the new tools and training them to navigate new workflows can ensure the success of application modernization.

                              Several aspects may factor into a successful modernization. That is why modernization endeavors are so challenging. However, implementing the above secrets can help the success of app modernization efforts.

                              Speaking to an expert can help you understand how to proceed with your app modernization needs. Why not reach out to us at Fingent and discuss your project with our software development experts?

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                                About the Author

                                ...
                                Tony Joseph

                                Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

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                                  Technology is getting better and better each day. Several technologies and architectural patterns have emerged and evolved during the past few years, and it only gets better with time. Microservices architecture or microservices is one of those patterns. It emerged from the world of domain-driven design and persistence.

                                  In this article we will cover:

                                  • What is microservices architecture?
                                  • The difference between microservices, monolithic architecture, and service-oriented architecture (SOA)
                                  • The benefits and examples of implementing Microservices Architecture.

                                  What Is Microservices Architecture?

                                  Microservices architecture is a specific method of designing software systems that can structure a single application as a collection of loosely coupled services.

                                  Microservices architecture is made up of several components in their own individual compartments in the software. This makes them independently upgradeable or replaceable.

                                  Microservices architecture simplifies the process of building and maintaining certain types of applications by breaking them down into many smaller pieces that work together. Though this increases the complexity, it offers greater advantages over the monolithic structure.

                                  Now you may wonder: Isn’t Microservices just another name for monolithic architecture and service-oriented architecture (SOA)?

                                  Let’s clarify that for you!

                                  Read more: Progressive Web App Development: 10 Benefits

                                  Progressive Web Apps

                                  Microservices Architecture Vs. Monolithic Architecture

                                  In the current age of Kubernetes, Monolithic architecture faces many limitations. Please note a few:

                                  • Monolithic architecture is a single application. It is generally released once a year with the newest updates. Whereas, Microservices architecture is cloud-based and can be updated as required.
                                  • Monolithic architecture is slow. Modifying a small section may require complete rebuilding and deployment of the software.  Microservices on the other hand are faster to deploy and quick to isolate any defects.
                                  • Monolithic architecture is harder to adapt to the specific or changing product lines while individual models of Microservices architecture enable scaling and development.

                                  Microservices Architecture Vs. SOA (Service-oriented Architecture) 

                                  Microservices architecture is distinct from SOA. Here are a few differences:

                                  • SOA model is dependent on ESBs and so it is slower. Whereas, microservices is faster as it leverages faster-messaging mechanisms.
                                  • SOA focuses on imperative programming style, while microservices focuses on a responsive-actor programming style.
                                  • SOA has an outsized relational database. But Microservices architecture tends to use NoSQL or micro-SQL databases.

                                  Read more: Ways To Accelerate Business Growth and Success in 2021

                                  Business Growth

                                  Business Benefits Of Microservice Architecture

                                  Microservices architecture can help your business grow quicker, increase productivity, and innovate better to deploy competitive products into the market. Here are some specific benefits of the Microservices architecture:

                                  1. Better organization for efficiency

                                  Microservices architecture organizes business applications. It can extend those applications to support plugins for new features, devices, etc.  You can easily add more features to each of those popular applications to generate more revenue.

                                  2. Increased scalability

                                  Microservices architecture divides applications into smaller modules. Each of these modules can operate independently enabling businesses to scale applications up or down, as required. As these modules operate independently, a fault in the single module does not mean disruption of the entire system.

                                  If one module fails due to outdated technology or the inability to further develop the code, developers can use another module. In other words, the applications continue to function even when one or more modules fail.

                                  This capability allows developers the freedom to build and deploy services as needed without having to wait for the entire application to be corrected.

                                  3. Easy to maintain

                                  It is easier to maintain and test a single module as opposed to an entire system. Since each module has its own storage and database, organizations can build, test, and deploy all the modules with less complexity.

                                  4. Faster development

                                  Since all modules are loosely coupled, change in one module does not affect the performance of the other. This means you can update a single module at a time leading to faster development.

                                  5. Enhanced performance

                                  Microservices architecture can enhance the performance of the application. It reduces downtime while developers take their time to troubleshoot the issue and bring the system back to normalcy.

                                  6. Dynamic yet consistent

                                  The individual modular approach in Microservices architecture is easy to replicate. This allows for consistency in applications, which in turn makes managing these modules simple and easy.

                                  Prominent Examples of Successful Microservices Implementation

                                  Prominent examples of Microservices architecture are Amazon, Netflix, Uber, and Etsy. Over time these enterprises refactored their monolithic applications into Microservices-based architectures. This move has helped to quickly achieve scaling advantages, greater business agility, and unimaginable ROIs.

                                  1. Amazon

                                  In the early 2000s, untangling dependencies was a complicated process for Amazon developers. It faced development delays, coding challenges, and service interdependencies.

                                  However, Amazon assigned ownership to each independent service team. This allowed the developers to identify the bottlenecks and resolve issues more efficiently. Also, it helped them create a very highly decoupled architecture.

                                  2. Netflix

                                  Within a year of starting its movie-streaming service, Netflix was suffering from service outages and scaling challenges. It experienced major database corruption and was on standstill for three days! That is when it decided to move towards more reliable, horizontally scalable systems in the cloud.

                                  First, Netflix moved its movie-coding platform to cloud servers as an independent microservice. This allowed Netflix to overcome its scaling challenges and service outages.

                                  3. Uber

                                  Uber, the ride-sharing service faced growth hurdles. It struggled to launch new features, fix bugs, and integrate its global operations. Besides, it became increasingly difficult to make minor updates and changes to the system.

                                  Uber then decided to move to cloud-based microservices. This allowed its developers to build individual functions like trip management or passenger management. This boosted the speed, quality, and manageability of their services. Among other things, they achieved more reliable fault tolerance.

                                  4. Etsy

                                  Etsy experienced poor server processing time. However, with the help of Microservices architecture, Etsy created a variety of developer-friendly tools and went live in 2016. From that point forward, Etsy benefits from a structure that supports continual innovation, faster upgrades, and more.

                                  Read more: Enterprise Resource Planning Software: A Complete Guide!

                                  How Fingent Can Help You Implement Microservices Architecture

                                  Microservices architecture supersedes SOA and monolithic models. However, it has its challenges. This is where Fingent comes to your assistance.

                                  Fingent can help you implement Microservices Architecture correctly to improve your productivity and ROI. Designing your architecture is not just a technological option. It is a necessity! It is a business decision that can directly affect your business growth. Fingent can help you take care of the technical aspect while you concentrate on your business goals. Give us a call and let’s get talking.

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                                    About the Author

                                    ...
                                    Sreejith

                                    I have been programming since 2000, and professionally since 2007. I currently lead the Open Source team at Fingent as we work on different technology stacks, ranging from the "boring"(read tried and trusted) to the bleeding edge. I like building, tinkering with and breaking things, not necessarily in that order.

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                                      Planning a software development project for your business? Here’s a detailed guide on the various stages and life-cycle of Software Product Development!

                                       

                                      Introduction

                                      Behind all the conveniences that we use in our everyday life, there is complex software. Such ease of life is possible when complex software is implemented in various stages in definitive order. These models address the diverse circumstances of product owners and development vendors.

                                      However, such a rich choice can be confusing. To fully benefit from the development process and successfully communicate with the development team, you must realize your needs and expectations from the product.

                                      Here is a complete guide to help you understand and organize the complex process of Software Product Development – what each stage means and how you can drive a successful Software Product Development project.

                                       

                                      What Is Software Product Development?

                                      Software Product Development is a combination of steps, tools, methodologies, and management techniques that bring the concept of a product from the ideation stage to implementation and eventually to the market.

                                      The primary goal of Software Product Development is to provide high-level products within the set budget and timeline. Typically, the software development lifecycle includes product discovery, software development, testing, deployment, and so on.

                                      Read more: Types of Application Software: A Detailed Guide for 2021

                                      How To Gauge When Your Business Needs Software Product Development?

                                      Every business in today’s fast-paced and volatile world needs Software Products. Software Products help your business gain momentum and a competitive advantage for your business. Here are some scenarios that indicate when your business needs Software Product Development.

                                      1. When your company starts experiencing low efficiency and miscommunication-related issues.

                                      Are your current methods of collecting data complicating the effective management of your company? Have you noticed miscommunication between your employees and managers resulting in missed deadlines? If these are restricting your business from reaching its potential growth, you need software development.

                                      2. When your supply chain has many bottlenecks

                                      A dissatisfied customer will quickly hop over to your competition. Bottlenecks created by miscommunication lead to loss of opportunities. When your company is dealing with a higher volume of complaints and low satisfaction rates, you need software development. It can optimize your supply chain management and guide all your decisions.

                                      3. When your business is growing

                                      Despite exponential business growth, the quality of your products and services should continue to be of the highest standard. Product development can help you comply with government regulations, evaluate the quality of the suppliers and the quality of your product.

                                      4. When your customer base increases

                                      When your customers increase, data increases. And that data has to be organized and maintained to help you make better understand your finances and use it to make strategic decisions. Product development can provide you visibility into all transactions contributing to the financial health of your company.

                                      5. When your company is expanding to other locations

                                      When your organization expands to other locations, you will need a fully visible information system that records all that happens at that exact location. Software Product Development equips you with the possibility to record all inventory movements in real-time.

                                      Read more: Progressive Web Apps: New Cutting-Edge Trend in Web Development

                                      How To Prepare For Software Product Development

                                      All Software Product Development needs detailed documentation. This documentation must cover the business requirements and clarify product functionality. It can also serve as the basis to discuss essential issues between business owners and developers. Here is how you can prepare to start a successful Software Product Development:

                                      • Do your homework: Even before searching for a vendor for Software Product Development, you need to conduct marketing research. Qualified marketing research will help you achieve your sales growth now and in the future.
                                      • Develop precise product vision: Work out the “whys” in projects that are focused on the main product. You can eliminate mistakes by answering questions such as, “who is the product for?” and “why do they need the product?”
                                      • Plan: Have a clear vision and communicate that vision to the development team. This will help them to create a software product that is aligned with your requirements.
                                      • Timely execution: Have a written communication with designers and engineers to nudge them in the right direction. This will contribute to well-articulated timely execution.
                                      • Make team members accountable: From day one, help your team members see their share of tasks that contribute to the development of the software product.
                                      • Document everything: Keeping a record of everything from ideation to execution can help your team to access all the features that must be included in the product and the functions each of those features must perform.

                                      Read more: Web Application Development: A Detailed Guide for 2021

                                      5 Essential Stages Of Software Product Development

                                      Stage 1: Product Discovery

                                      The first stage in the Software Product Development lifecycle is where new ideas or concepts originate. A team is organized to study the idea, perform market analysis, and identify technical and market risks. This will help organizations to determine the need for Software Product Development.

                                      Stage 2: Product definition

                                      In this stage, the team creates the first comprehensive evaluation of the technology. Developers and managers evaluate the important points of differentiation of the new product. This will avoid misinterpretation of the needs of the market.

                                      Stage 3: Product development

                                      This is the most time-consuming stage. Software developers use the design document to write code for the components. The task is divided between team members according to their area of expertise. This includes front-end developers, database administrators, and software developers.

                                      Stage 4: Product testing

                                      Quality assurance team steps in this stage to ensure the software meets all the requirements for which it was built. It involves functional testing, performance testing, unit testing, security testing, and usability testing.

                                      During this stage, software developers fix any bugs and retest as many times as required. This stage continues until the software is free of bugs and measures up to the potential capability.

                                      Stage 5: Product deployment

                                      Now, the software is sent into the market for user acceptance testing. Once again, the software team fixes any bugs based on the feedback from its first users. Then the final version is launched into the market. This stage also includes maintenance and strengthening of the software.

                                      Perhaps now you feel you are ready to start Software Product Development. But, hold on! Selecting the right partner for Software Product Development will impact your company in the long term. So, read on to find a few tips that can help you define the right partner.

                                      Read more: Software Development Outsourcing Guide for CEOs

                                       

                                      Tips To Select The Right Partners For Software Product Development

                                      Selecting the right partners is an important decision that should not be treated lightly.  So, here are few tips:

                                      1. Conduct a background check on the company

                                      To validate the company’s experience and professional trajectory, contact some organizations that have worked with the vendor. This will help you know their experience and the final outcome of the product.

                                      2. Check their ability

                                      For your product to be of excellent quality, the vendor should have abilities and excellence in software development. To guarantee their excellence, find out if they have QAG (Quality Assurance Group) or GMO (Organizational Improvement Group).

                                      3. Knowledge of different methodologies

                                      Solid methodological training and experience in using various technologies are vital for product development.

                                      4. Ability to support throughout the cycle

                                      Ensure that the vendor does not abandon the project at any of the stages.

                                      5. Ability to understand your business

                                      All in the team should be able to understand your unique business requirements and help you find the best solution aligned with your objectives.

                                      6. Capable testers 

                                      Ensure the vendor in consideration has qualified testers who can guide you on how to perform your own tests.

                                       

                                      Healthier, Better Business With Software Product Development

                                      It may be time for you to start thinking about Software Product Development that helps you run a healthier business. True, it requires an investment of time and money. However, in the long run, you will realize that you have saved time and money by enhancing customer satisfaction and improving employee retention. We at Fingent ensure a streamlined product development process that simplifies both deployment and transition. Call us to see how you can get this started for you right away.

                                      Stay up to date on what's new

                                        About the Author

                                        ...
                                        Sreejith

                                        I have been programming since 2000, and professionally since 2007. I currently lead the Open Source team at Fingent as we work on different technology stacks, ranging from the "boring"(read tried and trusted) to the bleeding edge. I like building, tinkering with and breaking things, not necessarily in that order.

                                        Talk To Our Experts

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