Are you looking for a solution that can help you manage your organization’s tasks seamlessly? Businesses have unique needs that need custom solutions. Even though there are hundreds of off-the-shelf ERP solutions available in the market, it is not essential that they will fulfil all business requirements. So, what do businesses do in such scenarios? Well, the solution is custom ERP software.
Custom ERP software is highly popular among eCommerce, logistics, fintech, and healthcare organizations. The global ERP market is estimated to reach $300 billion by 2027. Further, the eCommerce market is flourishing, and by 2024, 95% of purchases are expected to be eCommerce. Additionally, 40% of businesses were able to reduce IT costs after incorporating ERP into their operations.
Custom ERP systems not only make business operations easy but also safer, giving businesses huge opportunities to implement their unique ideas. Now we will go further into the blog and discuss the benefits of choosing custom ERP software for your business. This blog will help you understand how custom ERP software can help you streamline your operations. But first, let us take a look at the difference between off-the-shelf and custom ERE systems.
Off-the-shelf ERP Software vs. Custom ERP Software
You might be wondering if custom ERP software is the best choice for businesses; then why does off-the-shelf ERP software exist? Well, if you are a small business with limited resources and do not need software customization or if you are C-level decision-makers who only focus on cost-effective solutions and ensure rapid development of the organization, then you can choose off-the-shelf.
However, if you are an emerging business that is involved in developing innovative solutions in the market, or if you are a well-established business that wants to streamline operations, enhance productivity, and scale business, choose custom ERP software.
Top Reasons to Invest in Custom ERP Software
Here are the top reasons that will help you understand why custom ERP software outshines off-the-shelf ERP software.
Increased Efficiency: Custom ERP software allows organisations to integrate business operations into a single system. This enables businesses to access important information anywhere seamlessly. It reduces unnecessary delays and allows organization make decisions quickly and efficiently. This helps businesses save time and effort and reduces the risk of errors.
User-friendly Interface: While developing customized ERP software, the software development company ensures that the interface is user-friendly and employees can easily navigate through its features. This helps in the smooth implementation of an organization and improves the productivity of employees.
Automation: Did you know that the main reason behind the popularity of ERP software is automation? From inventory to sales, custom ERP software easily handles complex business operations. This increases the production processes and eliminates the need for manual work, hence reducing the cost and saving time.
Useful Features Only: If you opt for off-the-shelf features, you can encounter several features that are not needed by your organization. However, if you use custom ERP software, it will have all the essential features that will help you enhance the efficiency of your business.
Seamless Integration: A custom ERP software integrates easily with existing systems, including human resource management software, customer relationship management software, and more. This eliminates error in data and promotes smooth data transfer. Overall, custom ERP software ensures a smooth ERP implementation.
Data-driven Decision Making: Did you know getting real-time insights into the business can help businesses make informed decisions that can lead to enhanced revenue? An ERP system offers businesses real-time insights regarding raw material, inventory, customer demands, and more. This helps businesses make an informed decision, generate detailed reports, and more, helping businesses give the best results. It gives the company a clear picture of where it stands and what changes are needed in order to stay ahead of the competition.
Customer Relationship Management: Did you know the chances of a business winning the market increase if they have a great customer relationship? Custom ERP software has a CRM module that gives insights into what customers need and helps businesses work on the feedback, helping them enhance their revenue. CRM modules help businesses retain their customers by maximizing customer satisfaction.
Financial Management: As businesses grow, the complexity of business operations also increases. Hence, managing finances becomes complex. So what do businesses do in such cases? Well, the solution is custom ERP software. These software help businesses manage their finances with the help of finance management modules and impact their overall growth.
Scalability: You cannot make new systems or software every time your business grows. So, it is crucial to have a scalable system as per your unique requirements. A custom ERP software can help you scale your business and integrate software into any new system without additional cost.
Production Scheduling:Custom ERP software keeps a check on customer demands and allows businesses to schedule production in an efficient way. This helps businesses optimize their production and make an informed decision regarding inventory, helping them maintain their finances.
Supply Chain Management: In manufacturing business, the quality matters the most. An ERP system gives you insights regarding suppliers and helps you maintain relationships with them. Businesses can check which supplier is offering quality material, and businesses can use the SCM module to maintain a healthy relationship with the supplier.
Factors to Consider While Developing Custom ERP Software
Above in the blog, we discussed the benefits of choosing custom ERP software. In this section, we will discuss the crucial factors that we need to consider while developing custom ERP software.
Functionality: This is one of the most major things that ERP software must have. Ensure that you check in with your existing system and look for the improvements that are needed. This helps businesses understand what features they must incorporate in their ERP software.
Integration Capability: This is another most important factor to consider while developing ERP software. Businesses must ensure that the software is easily integrable with the existing tools and applications. Hence, ensure that you work closely with the development team and tell them your requirements clearly so that you get the solution that fulfils your business needs.
Industry Reach: Ensure to check what your competitors are doing and what software they use. Doing research on your competitors can help you identify gaps in the market, giving you an edge over them.
Cost of Developing Custom ERP Software
The average cost to develop custom ERP software ranges from $10,000 to $100,000. However, the cost is not fixed and can change as per business requirements. There are numerous factors that determine the cost of custom ERP software, including the number of users, type of features and functionalities, implementation methods, design, support, and upgrades, among others. With that, the location of a custom ERP software development company can affect the cost of development. So, it is suggested to contact top custom ERP software services provider companies and get the clarity over cost. This will also help you adjust your budget and develop the most efficient ERP software.
Also Read: How Much Does It Cost to Develop Custom CRM Software
To Summarize
In summary, we hope you now know why choosing custom ERP software for your business is crucial and how important ERP software is for your business. If you want to run your business more smoothly and effectively, consider opting for custom ERP software. However, as we discussed above, there are numerous off-the-shelf ERP software options available, but if you plan to grow your business, it's better to choose custom ERP software.
Custom ERP software allows you to add features that fit your specific business needs. However, creating custom ERP or CRM software can be difficult. Therefore, it's a good idea to hire a company that specializes in developing efficient ERP solutions. Make sure to look at the company's past work and check if they have experience with the tools you want them to use.
ToXSL Technologies is a top custom ERP software development company, known for providing excellent ERP solutions to businesses around the world. Our team of developers has created software for many clients, adding various features and functions. Contact us today to improve your business with our ERP software solutions.
