Custom software development refers to the creation of software solutions specifically designed, developed and maintained for a specific organization or business to cover its critical functions or fill the gaps present in existing IT solutions. Its ability to accommodate exclusive preferences and expectations allows organizations to stand above the competition, accelerate their business, and boost the advantages. In contrast to commercial off-the-shelf software (COTS), custom software development aims at a narrowly defined set of requirements. This can include developing new applications from scratch, mobile apps to see information of your business always in your hand, modifying existing software to meet specific needs, or integrating different systems and software together.
Custom software development can offer a number of benefits for businesses, including:
Improved efficiency
Custom software can be designed to streamline specific business processes, making them more efficient and saving time.
Increased competitiveness
Custom software can give a business a competitive edge by providing unique solutions to problems faced by its industry.
Greater flexibility
Custom software can be tailored to the specific needs and requirements of a business, providing greater flexibility and adaptability.
Enhanced security
Custom software can be designed with strong security measures in place to protect sensitive data and systems.
With our top-class product engineering services and custom application development services, we help you build high-end, technology-driven, result-oriented and innovative software solutions that empower you to gain competitive advantage over others, tackle various business challenges, elevate operations, and enable growth in your business while boosting productivity and profitability. Our experts and highly skilled developers help you develop and align solutions to your business needs across different industries.
There are several pricing models we offer to our customers for custom software development
This pricing model involves charging based on the actual time and resources used to develop the software. The client pays for the developer’s time and any materials or resources required to complete the project.
In this model, the developer and the client agree on a fixed price for the project before work begins. This model works well when the scope of the project is well-defined and the requirements are clear.
A hybrid pricing model combines elements of both the time and materials model and the fixed price model. It may involve a fixed price for certain parts of the project and a time and materials fee for others.
This pricing model involves setting the price based on the value that the software will provide to the client. This can be a more complex process, as it requires the developer to accurately estimate the value that the software will bring to the client’s business.
Build-Operate-Transfer (BOT) is a model for custom software development in which we build your development team, software solution, operates it for a set period of time, and then transfers to the client.
Under the BOT model, the new development team built exclusively for the client is responsible for all aspects of the software development process, including planning, design, development, testing, and deployment. Development team also handles the initial operation and maintenance of the software, providing support and updates as needed.
After a set period of time, usually several years, we transfers ownership of the software to the client. The client becomes responsible for the ongoing operation and maintenance of the software, and the development team* (Based on the mutual agreement).
Pricing of this model depends on many aspects and it is usually high compared to other models, as we setup a private development team for your project(s) exclusively and transfer all assets to you at the end of the contract period.
It is important to carefully consider which pricing model is the most appropriate for your custom software development project. contact us to understand your requirement and give you better suggestion on the pricing model for your need.