In today’s fast paced business world, Enterprise Resource Planning (ERP) software has become an unavoidable tool for companies to enhance efficiency, cut costs, and expand their market.
Nowadays, ERP stands out when functions such as finance, human resource management, and supply chain management are merging. The global ERP market is estimated to reach $48.21 billion by 2025, growing at a CAGR of 7.88%. This statistic clearly shows the expansion of ERP systems in businesses.
So, if you want to streamline your business, ERP software is the solution. However, developing ERP software in Saudi Arabia is not an easy process. It demands deep knowledge of business processes, technical know-how, and careful planning.
According to a survey, more than 50% of ERP implementations go over budget, and approximately 60% of projects lag behind their deadlines. This stat makes the problem associated with ERP systems clear. The purpose of this blog is to help you understand the development process and the cost associated with ERP software development in Saudi Arabia.
Why Choose Saudi Arabia for ERP Software Development?
Saudi Arabia’s Vision 2030 is a revolutionary blueprint to unlock the potential of its people and develop a diversified, innovative, and world-leading nation. After the launch of Vision 2030, Saudi Arabia has embarked on the journey of digital transformation. This big plan, based on Saudi Arabia's culture and strengths, is helping the country build a more varied and modern economy.
Vision 2030 is making big changes and opening Saudi Arabia up to the world. So far, things are moving forward and show that Saudi Arabia is serious about developing a successful economy and a lively community with chances for everyone who lives there. One major key enabler of this digital transformation is ERP software.
Enterprise Resource Planning software is an integrated system used by organizations to automate and manage their core business processes. These tasks involve things such as finance, human resources, supply chain, production manufacturing, and more. It is a centralized system that simplifies the entire business operations. This all-in-one approach allows businesses to streamline operations and reduce redundancies, helping businesses make informed decisions.
Saudi Arabia has been constantly innovating and making an impact globally. With this, KSA has become one of the most attractive destinations for companies that are looking forward to developing or tailoring ERP solutions. Here are a few advantages of choosing Saudi Arabia for ERP software development:
- Local Development Expertise: Numerous software development companies based in Saudi Arabia have expertise in working within the region.
- Cultural Understanding: Developers who understand local customs and business practices can ensure that your ERP solution addresses unique needs specific to the Saudi Arabian market.
- Government Support: There are various incentives given by governmental bodies focused on supporting startups and technology companies, making it easier for businesses to access funding and other resources required for software development projects.
Step-by-step guide to ERP Software Development Process
ERP software is a complex process, needing careful planning and execution. Here are a few steps that can help businesses create a powerful, efficient, and user-friendly system:
Define Objectives: Before starting with the development process, ensure that you know and understand the purpose of the ERP system for your business. Understand the problems ERP software will solve and learn about the business functions it can simplify. Ensure that the objectives are consistent with the vision and goals of the business.
Requirement Gathering: Gather comprehensive requirements that can help you develop your project. Ensure to involve key stakeholders who can help you gather the important details about the project. It is crucial to identify gaps and inefficiencies and know what improvements are required. With that, ensure to assess the technical and financial feasibility of the project, development timeline, milestones, and other important details.
System Design: System design defines the overall architecture, including structure, application layers, and point of integration. Ensure the design of all modules, such as the finance module, HR module, or inventory module, among others. Also, others make sure to engage UI UX designers and developers while developing user-friendly UI designs for all systems.
Determining Key Features: Are there any particular needs of your business? Recognize and establish the important features in ERP system development. Identify the basic needs of any module. This includes accounting, HR, inventory control, and Customer Relationship Management, among others. Ensure that you cover all the essential features that will help you make better decisions.
Hiring the Best ERP Software Provider: It's important to choose a reliable and good partner who has expertise in developing Enterprise Resource Planning (ERP) software. Ensure to do some research to develop a list of companies that seem good based on their skills. Also, check their experience in offering services and their reviews from genuine websites. Check their portfolios to ensure that they have the required skills.
Testing: To make sure the ERP system works right, the company must check the software works well and is bug-free. It's important to test each part of the system separately. This helps businesses ensure that all features work exactly how they should. Also, checking the system's security helps keep data safe and meets all the security rules.
Deployment and Launch: Now it's time to launch the ERP app and let people use it. Get everything ready, like the servers, networks, and any other equipment or programs you need. Make sure you have a plan for putting it into use in the real work environment so everyone who needs to use it can get to it.
What is the Cost of ERP Software Development in Saudi Arabia?
Wondering how much does it cost to develop ERP software in Saudi Arabia? On average, the cost of ERP software development ranges from $7000 to $80,000. However, the ERP software app development cost varies based on numerous factors, including complexity, number of users, development team, location, and features, among others. Also, ERP software cost depends on the type of ERP software.
On-premises
Description: Installed and maintained on-site
Cost: $10,000 to $80,000
Cloud-based ERP
Description: Hosted and accessed via the Internet
Cost: $20,000 to $100,000
Hybrid ERP
Description: Combines on-premises and cloud
Cost: $30,000 to $150,000
Industry-specific ERP
Description: Customized as per business requirements
Cost: $35,000 to $170,000
Open-source ERP
Description: Customizable source code
Cost: $30,000 to $100,000
ERP for SMEs
Description: Scaled-down version with specific features
Cost: $8,000 to $60,000
Finding the Right ERP Software Development Company
Half of the company’s success depends on the type of ERP software development partner a business has selected. Hence, when evaluating potential vendors, consider factors such as:
Experience: Look for companies with proven track records of delivering the most successful ERP systems.
Technological Expertise: Ensure your chosen business provider has relevant certifications and skills that are crucial to building modern, scalable applications.
Portfolio & References: Review case studies that help you understand their previous work and transparency, alongside testimonials from previous clients.
Project Management Capabilities: Effective project management ensures smooth delivery within agreed timelines while adhering to budget constraints.
Conclusion
ERP software is a robust intelligent system that allows businesses to optimize and streamline their processes. ERP system integrates all the business functions that help them enhance businesses of all sizes. However, as we mentioned above, building ERP software is a challenging process, hence, hiring the best ERP software development company is the best option.
If you are looking to hire the best ERP software development company in Saudi Arabia, look no further than ToXSL Technologies. We are a leading software development company in Saudi Arabia, helping businesses streamline their functions. Our team of expert ERP software developers is committed to offering world-class software services to businesses worldwide.
Get in touch with us today and understand how our team can help you build a centralized ERP system that will help you improve and streamline the entire business process.
