A Complete Guide to Enterprise Application Development 

Introduction

The success of modern enterprises mainly depends upon their adept utilization of enterprise applications. Due to this, companies have seamlessly integrated these applications into their business operations, which, in turn, has led to enhanced efficiency & improved engagement with employees and clients. Thus, these dynamic enterprise applications have become imperative to achieving indispensable goals for business.

According to a Statista report, the Enterprise Software market is projected to reach US$271.8bn in 2023. Amidst this thriving landscape, enterprise applications have emerged as the go-to solution for data protection and privacy concerns. You must collaborate with the enterprise software development company to access an array of enterprise mobility services they offer.

In this blog, we provide comprehensive information about Enterprise Application Development that will give you a better understanding of why it is a go-to solution for choosing it for your enterprise.

What is an Enterprise Application?

Enterprise Application is an expansive software application meticulously designed and leveraged by government or business organizations in the corporate eco-system. Applying enterprise applications serves as a cornerstone to streamline business processes, elevating efficiency and preventing mishaps in business operations.

What is Enterprise Application Development?

Enterprise Application Development is a strategic approach for designing, developing, deploying, and maintaining a software application. These bespoke applications are tailored to navigate the business’s complex processes according to their niche.

According to the Statista report, the annual growth rate is anticipated to grow with a CAGR of 6.73% from 2023 to 2028, resulting in a market volume of US$376.4bn by 2028. This growth is expected as Enterprise Apps have become synonymous with the seamless collaboration and productivity they offer. This offering lies in integration and robust functionality. Some of the top apps that earned a spotlight for the same are Salesforce and Microsoft 365, which have redefined how businesses operate.

Enterprise App Features

There are no particular all-in-one features for an enterprise app. Instead, every feature might be different depending on the enterprise app requirement. Below mentioned are the key features of an enterprise application:-

a) Authentication protocols
b) User authentication methods
c) Data encryption
d) Two-factor authentication
e) Secure storage
f) Instant Messaging
g) Real-time Analytics
h) Enterprise databases

Benefits of Enterprise Application Development

a) Enhances workflow efficiency

Businesses have multiple complex processes; hence, consistent monitoring becomes a paramount challenge. Modern enterprise applications enable organizations to drive growth and optimize processes.

b) Fine-tuned planning and reporting

As businesses expand, data storage and management become crucial. Enterprise software offers centralized monitoring, offering better insight and visibility. They also have the capability to generate reports and analytics, which helps in decision-making across diverse platforms.

c) Strengthens business performance

Enterprise applications automate mundane tasks, saving time and allowing businesses to focus on essential functions. They offer independent approvals, flow management, reminders, personalized alerts, and time-outs, with KPI dashboards and reports for tracking success.

d) Streamlined efficiency

Enterprise software integrates advanced technologies like analytics and AI. This reduces employee time, IT infrastructure, training costs, and manual operations in eCommerce development for web and mobile applications.

f) Advanced data security and quality

Enterprise software also provides security measures to protect businesses from malicious viruses and data leakage. It distributes dedicated resources across multiple servers, ensuring confidence in business operations.

g) Augmented scalability and application interoperability

Enterprise applications feature a modular structure, allowing developers to tailor their work to meet specific market needs. Software development companies provide programs that can function independently or together, enabling developers to focus on mobile app development.

h) Improved customer engagement

Enterprise software is a crucial tool for businesses, enhancing customer satisfaction by providing a centralized solution for complex queries, enhancing response times, providing better customer information access, and improving order accuracy.

Most popular Enterprise application services you must know in 2023

1. Accounting & Billing (Financial Management)

Financial management enables efficient cash flow management solutions. These software products streamline manual accounting. These solutions also allay the automated management of incoming customer payments, supplier invoices, and expense/revenue tracking issues.

The following are a few well-known finance management software products for enterprises:-
QuickBooks, FreshBooks, Xero, Sage, and Intacct.

2. Intranets & Enterprise Portals

These portals are used to maintain a single source of connection within the organization to avoid unnecessary data loss or inceptional risk. They function as internal portals to prevent information from the company from leaking onto the internet.

Here are a few well-known intranets & enterprise portals for businesses:- Microsoft Sharepoint, Workvivo, Yammer, Simpplr, and

3. Customer Relationship Management (CRM)

CRM is a type of software that, as its name suggests, tracks customer insights and enhances company relationships. As they support more excellent sales and prospects to improve your sales and reputation, these systems are essential for start-ups and significant organizations.

Here are a few well-known CRM programs for businesses: Pipedrive, ClickUp, CompanyHub, Salesforce Sales Cloud, and HubSpot.

4. Enterprise Resource Planning

ERP systems aim to handle all production and distribution business operations holistically and systematically. HRM, supply chain information, and financial management are all brought together under one roof by this well-designed ERP system.

Here are a few well-known examples of ERP systems for enterprises:- Oracle Netsuite, SAP Business One, Epicor, Acumatica, Dynamics 365, and Sage Intacct.

5. Supply Chain Management

Supply chain management software provides comprehensive control over your supply chain, enabling data access, monitoring inventory, and warehouse/transportation management. It facilitates efficient order tracking, tracking all processes from origination to final delivery.

Here are a few well-known examples of Supply Chain Management systems for enterprise: Oracle E-Business Suite, SAP and IBM Watson, etc.

6. Inventory Management System

IMS software assists businesses in the effective management of their inventory by offering quick replenishment, preventing storage overload, and facilitating quick item availability checks. Consequently, mitigating double bookings by multiple customers.

Here are a few examples of Inventory Management Systems for enterprise Cin7 Orderhive, Fishbowl inventory, Ordoro, and NetSuite.

7. Marketing Information System (MIS)

An automated MIS software product empowers businesses in developing healthy marketing efforts, such as traffic augmentation and quality leads, by measuring ROI, automating content posting, and streamlining advertising activities.

Few examples of MIS are Semrush, Monday Marketer, MailerLite, etc.

8. Enterprise Asset Management

EAM software is a valuable asset management tool for companies, optimizing asset tracking, lifecycle, performance, maintenance cost, and use measurement, making it an optimal choice for efficient asset management.

Some examples of Enterprise Asset Management are Fiix, IBM Maximo, and Maintenance Connection.

9. Human Resource Management (HRM)

Enterprises rely on meticulous hiring and onboarding efforts for business activities. HRM systems can automate these processes and introduce features for human resource management, reward administration, and performance evaluations.

The best-performing tools suitable for enterprises are Monday, Gusto Freshteam, etc

10. Enterprise IoT Systems

IoT platforms are essential for the seamless integration of sensors and detectors into intelligent systems, simplifying design into a plug-and-play process. This software facilitates building and configuring smart homes and offices by setting specific parameters for monitoring and activation.

The most common IoT systems used by enterprises are Particle, Hologram, and Azure IoT Central.

Examples of Enterprise Applications

Enterprise applications cater to the needs of large enterprises. They typically address the target business’s pain points, including Resource management, Project management, Human Resource Management Systems, Supply Chain Management Systems, Enterprise Resource Planning Systems, and many more.

Types of enterprise applications

Different types of enterprise applications serve different purposes for businesses and organizations. They are more complex compared to other consumer-rich applications, catering to various business operations. Below mentioned are a few types of enterprise applications:-

a) CRM Software
b) Salesforce Automation Software
c) Order management systems
d) Inventory management software
e) Project Management Software
f) Enterprise Resource Planning Software

Platforms for Enterprise Mobile Apps

1) Monday.com

Monday.com is a project management platform that offers tools for portfolio management, such as gant charts, real-time data dashboards, managing team workloads, seamless tool integration, and customized automated setup. The management of resources, workflow modification, progress tracking, teamwork, and budget approvals are all made easier.

2) HubSpot

HubSpot is a CRM solution that allows you to manage and interact with clients using various tools in content management, sales, marketing, and customer support. Its free CRM, sales, and marketing features make it a cost-effective choice for startups and small businesses.

3) Zendesk

Zendesk Sell is a sales platform that improves pipeline visibility, workflow, and productivity. It provides capabilities including analytics, a mobile CRM, activity reporting, automation, call monitoring, logging, recording, sending texts, and sales email intelligence. Additionally, it offers more than 20 different chart kinds for data visualization and real-time lead and deal segmentation.

4) Salesforce

Salesforce is a CRM software that improves customer lifecycle management and the shopping experience. It provides advanced modules, integrated customer management, automatic complaint handling, and strong lead management. While the Professional package costs $75, the Essentials bundle only costs $25.

5) SAP

SAP ERP is a comprehensive business software suite of three types: SAP Business ByDesign, SAP Business One, and SAP S/4HANA Cloud. SAP Business By Design supports core business operations and real-time context, which is combined with machine learning technologies in SAP S/4 HANA Cloud. Inventory management, CRM, reporting, analytics, and other features are all part of SAP Business ONE. For a comprehensive business solution, it can be linked with SAP S/4HANA.

6) Zoho Projects

Zoho Projects is a reasonably priced online project management tool that streamlines resource management, work tracking, and team collaboration. It features configurable projects, grant charts, an easy-to-use interface, task automation, and mobile administration.

7) Oracle

Oracle NetSuite is a complete resource planning system for various markets, including manufacturing, banking, retail, and online firms. It simplifies accounting, order administration, sales, and HRM operations, making it the sole cloud-based ERP solution for businesses that focus on projects and products.

How can OpenXcell help you to build enterprise application development?

We, at OpenXcell, stand out in the market with more than 14 years of industrial expertise. As a premier Enterprise Software Development Company, we are well-known for our impeccable track record of launching many successful products from scratch. Many of these innovations are flourishing in the market, delivering optimal outcomes. Our expertise is proven with the latest launch of SPEED- A complete Bitcoin & crypto payment processor. This application has emerged as the trusted Bitcoin payment processor by over 550 merchants and businesses worldwide. To get deeper insights about this cryptocurrency gateway, explore further by clicking here:-

Choosing the right partner for building Enterprise Application demands a lot of effort. This is where OpenXcell excels, emerging as the most trusted partner for enterprise application development in both the USA and India. With our help, you can develop robust enterprise applications. Our tailored enterprise application services will help you gain a competitive edge over those using ready-made enterprise applications. Backed by a proficient team, we specialize in delivering custom solutions, considering your niche industry. This allows enterprises looking to achieve long-term goals, which helps in focusing on building the mechanisms that boost the efficiency of total business worth.

Cost Of Enterprise App Development

The cost of developing an enterprise application needs well-considered monetary investment. Opting for Enterprise App Development is a go-to choice as it offers a host of benefits. Due to this, these enterprise solutions are becoming the most preferred solutions.
The next question is: How much does developing an Enterprise Application cost? Well, there are multiple factors that affect the cost of enterprise application development. Every application has different requirements, which means that the cost is determined accordingly. The cost of building an enterprise application varies depending on the features mentioned below:-

• The application software’s functionality, scope, features, and purpose
• Platforms and devices supported
• Integration with Third-party Systems
• Application type
• Customization
• Security and Compliance
• Inherent complexity
• Ongoing maintenance and support
• Development approach
• Platform and Technology stack

Final thought

As we are drawn towards a conclusion, we are clear that the modern business environment needs to adopt enterprise application solutions. OpenXcell offers unique yet bespoke solutions to bring a revolutionary phase for long-term growth. If you are looking forward to enterprise application services, OpenXcell can assist you. We have a strong track record of delivering high-quality services.