Companies looking to gain a competitive edge need to learn how to respond to market changes quickly and deliver personalized offers to their customers at the right time. To accomplish that, organizations across various industries are now investing in high-quality business software. Such solutions help to streamline business processes, automate tasks, and bring more value to customers.
At Codete, we support businesses in reaching these goals with our business software consulting services. Our teams of experts identify and analyze critical business needs, advise clients on possible solutions, and oversee custom software development projects. Reach out to us and learn more about our offer.
What is Business Software?
Business software, also called business applications, is one or more computer programs companies use to complete various business tasks. Business applications increase and measure workforce productivity, helping employees to perform mission-critical business functions accurately and rapidly.
Examples of business software:
- Accounting software
- Billing software
- Payroll software
- Database software
- Asset management software
- Enterprise Resource Planning applications
- Business Intelligence solutions
- Project management tools
Business software can be either off-the-shelf software or bespoke products. To decide which type of business application will work best for your business, you need to consider factors such as the size of your company, the specific needs of your business, and the particular tasks that you’d like to automate or optimize.
What is Custom Software Development?
Custom software development refers to the process of designing and developing applications for a specific user within an organization. In contrast to off-the-shelf software, bespoke software solutions address the needs and requirements of this user group precisely.
Custom software vs. off-the-shelf software
In general, packaged software is more standardized, includes a broader range of business functionalities, and comes at a lower price in comparison to bespoke software.
However, the features included in the software may not correspond to the exact needs of a company, forcing employees to adjust their business processes to suit the software. In some cases, software vendors allow organizations to modify the software so that it meets their requirements. Also, companies typically need a license to use such commercial software.
That’s why so many organizations are investing in custom software development, which is built to address their unique problems and enhance business processes.
To maximize the return on their investment and minimize risks, companies turn to experienced software development agencies that offer specialist help in customer software development. It’s always worth the time and effort to check reviews and rankings, for instance the list of top enterprise software development companies of 2020 by DesignRush.
By hiring a skilled development team, your company will get a well-designed solution that delivers the exact functionality your employees need to be more productive and bring tangible value to your business. External suppliers often provide extra services such as maintenance and ongoing support, as well as solution expansion in the case of changing business requirements.
At Codete, we realize a wide range of custom software development projects at the corporate level, collaborating with companies on Proof of Concept (PoC) projects, R&D projects, and greenfield projects.
Optimizing risk management processes for an insurance corporation
In collaboration with Deloitte, our team supported a global insurance company, Talanx, by developing a specialized tool for risk management. Our dedicated team of frontend engineers delivered an application that helped the company acquire critical data from the public domain to improve and automate the risk management and risk reports generation processes.
Advantages of Working with External Consultants
To build custom business software for your business, you can follow one of the following pathways:
- Hire full-time staff for building your IT systems.
- Delegate the task of building business software to external consultants.
While hiring an in-house development team may seem more straightforward, in reality, it’s often far more time-consuming and costly. Top IT experts are hard to source and attract because they’re highlight sought after, making the recruitment process long and expensive. In many cases, companies can’t afford the most experienced and skilled candidates for the job.
An external consulting company is a better choice for several reasons:
1. Access to skilled experts and new technologies
An IT consulting company has resources a regular business wouldn’t be able to afford in the area of IT. Such companies offer highly competitive hiring packages to attract the best IT experts in a wide range of areas. That’s why an external IT services provider can provide you with expertise spreading over multiple technology areas to assist you.
Moreover, companies that enter into partnerships with technology providers gain access to the latest hardware and software on the market. An external consultancy can offer your deals that your company could never get without this type of assistance.
2. Cost reduction
On-site staffing is expensive because of the high salaries IT professionals are used to, as well as the overhead costs of adding new people to your team.
When working with an external IT company, you gain access to resources when you need them. An experienced provider can set up a team of specialists in just a few weeks – and then scale it up or down in accordance with the changing needs of your project.
3. Lower risk
Security is a serious concern for organizations because of threats such as hacking, fraud, and identity theft. Compromised security of your IT systems can easily ruin your reputation as a business your customers can trust. That’s why implementing appropriate security measures for your operations is necessary to mitigate such risks.
The expertise of an external IT service provider in this area can be invaluable to companies looking for the best measures of protection against cyberthreats. Choosing such a technology partner for custom software development means that your solution will be fully secure.
Elements of Business Software Consulting
Organizations find it challenging to keep up with the latest tools and processes that give businesses a strategic advantage. To help our clients make informed decisions about investment in new technologies, our expert teams assess their current technology setup to pinpoint gaps, risks, and potential problems.
At the end of our technology audit, we deliver a practical roadmap with actionable points. Our team also develops a technology lifecycle forecast.
Technology audit and consulting
Our teams deliver specialized audits and consulting services that enable organizations to manage the business risks associated with the use of IT systems. We identify IT risks that may impact performance and build sustainable solutions that enhance the overall controls environment.
Once the audit results are obtained, our teams provide expert consulting services to help our clients make the most of their IT infrastructure and protect their most valuable asset; data.
Technology due diligence
Technology due diligence is the process of analyzing and evaluating products, architectures, and processes in an organization prior to investment or acquisition. Our experts help companies to assess the state of IT systems accurately and understand which areas might benefit from the investment.
Enterprise Software Consulting – Case Studies
Optimizing the data acquisition process for Daimler
Codete data science consultants were involved in the data lake creation process for the financial department at Daimler. The primary aim of the project was building a tool that would optimize the time and effort required to meet international regulatory criteria related to the data acquisition process. Our engineers were responsible for data lake hosting and database queries processing stage.
Helping an automotive company to build a data intelligence platform
Our data engineers developed a reference project to serve the microservices built by an automotive industry client of Deloitte. The template created by our team played a crucial role in the process of collecting entry logs from manufacture devices. The goal of this application was creating a massive repository of logs and using it to build data intelligence that would enhance the company’s operational efficiency.
An application for global analysis of the vehicle deliver process
Teaming up with an automotive company, our engineering team built an application monitors the condition of vehicles during the delivery between the warehouse/factory and car dealership. It enables global analysis of the entire process and detection of suspicious activity. The sensor status information transmitted by vehicles is combined with data from another database to provide more details about the car, enabling the organization to carry out analysis for specific models or series.
Are you looking for specialists in business software consulting? Get in touch with our consultants; we help companies across different industries achieve their business goals thanks to innovative technologies.