If you’re thinking about building custom enterprise software for your business, you’re probably wondering, “how much is this going to cost my company?”. That’s a great question, but it’s a tough one to answer, because it depends.
In our experience, most custom enterprise software projects fall somewhere between the $75,000 and $750,000 mark to design, develop, and implement the application.
To get a better idea of where you fall on that spectrum, you must first understand the factors that influence cost.
Here are just a few factors that will determine how much you’ll likely end up paying for your custom enterprise software solution:
A custom enterprise system is priced based on how large the software program is. Enterprise projects are usually for corporations, fast-growing mid-sized companies or well-funded startups, so it makes sense that these software programs are vast, must support lots of users, and consist of many pages or screens, causing the price to rise.
Outside Software Integration
Integrating with external software introduces a lot of unknown variables into the equation. You just don’t know how well the other system lets information in or out, and what hoops you have to jump through in the process.
Sometimes the integrations are effortless and sometimes they are extremely difficult. Typical integrations like payment providers such as PayPal or Authorize.Net are extremely easy to integrate with. The same goes for credit check services from Equifax or Experian.
But older, or lesser known systems may pose a challenge and increase the project cost.
It’s very important to carefully consider who will be supporting your implementation. Some custom software development firms offer implementation services and support and others create the software and leave you to either sink or swim, finding your own support. It’s important that you talk with your development team about if they offer support services and prepare for what happens once the software is in your hands.
Implementation costs cover planning and organizing your project, training, prototyping functional areas of your business, installing the software, configuring the system, implementing process changes and completing conversions.
Have you thought about who will show your employees how to use your new system? When you talk about overall cost of enterprise software, you must talk about training.
Using any new software can be a learning curve, especially for those who are unfamiliar with utilizing an enterprise solution, or those who aren’t as technologically-savvy as others. There are initial costs associated with training your employees on how to properly use the system. There are also costs associated with continuing training, specifically on-site training when needed. Ask your development team about the training services they offer and factor that cost into your budget.
So, How Much Does Custom Enterprise Software Cost?
In our experience, small-to-mid-sized businesses can expect the cost of software and services combined to range anywhere from $75,000 to $750,000.
Certainly, a significant investment, but a properly implemented custom enterprise software solution will pay for itself quickly. If your budget falls somewhere between in that range, and matches the size figures shared above, with allowances given to the factors that typically increase cost, chances are it can be developed to your budget.
Interested in learning more about how custom software can benefit your business? For nearly 20 years, SOLTECH has helped people like you build successful businesses with the creation of custom enterprise software. We’d love to talk to you about how we can help your business, too.
Resource: The Checklist For Sharing Your Software Vision
Before you get started in developing your software app, your thoughts and ideas should be clarified and written down so they can be consistently and easily shared and understood. To help you get started on the right foot, we have created a checklist.
You can grab a copy of that checklist below and share it with your team!