The growth of any organization brings with it increasingly complex data management needs. Some organizations choose to develop custom software in-house to handle their data management needs. Other organizations choose to employ readymade or commercial off-the-shelf software instead. Readymade software offers organizations several key advantages.

Low Cost

Low cost – As ready-made software packages are developed for general market, development costs are distributed across a large customer base.

Faster procurement

Faster procurement – Software package developed in-house takes a very long time to develop, whereas ready-made software package can simply be purchased off-the-shelf.

Rapid implementation

Rapid implementation – Ready-made software package can be implemented immediately after their purchase.

High quality

High quality – As the ready-made software package typically has a large customer-base, developers continuously invest in refinement and testing. This results in production of high quality software.

Low risk

Low risk – It is relatively easy to evaluate ready-made software package through in-house testing, customer feedback and soft­ware reviews in the press.

Fast updation

Fast updation – Ready-made software packages are more general and thus can cope up with growth.

Longer life cycle

Longer life cycle – Ready-made software packages have longer life cycle because there is usually far more user experience behind the software.

Better control

Better control – Ready-made software packages are better from the point of control and audit because people associated with the in- house development of software may have interest in keeping separate exit routes in the software.

Support

Software companies typically provide several types of support for readymade software. The software provider handles development of security patches and updates to keep the software stable. Depending on the software and the company, software providers will often provide on-site training and technical support during implementation, as well as more limited on and off-site technical support after implementation.

Track Record

One key advantage of readymade software for many companies is the track record. Existing software implemented successfully at other organizations provides a level of assurance about the quality of the software. In some cases, software companies will put potentials customers in touch with existing customers. This allows an organization to ask relevant questions about the functionality of the software from experienced users.



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