Six reasons why every small business needs custom software

Every business has some specific requirements. Whether big or small, to survive in today’s environment, almost every business needs custom software. With technically advanced solution, it gives the brands a competitive advantage if they have custom software.

It is alright to have a dilemma choosing between the off the shelf software or customized software. But to cater to the multiple needs of any business, you can only expect the complete solution with customized software.

  There are many names to choose from if you are looking for custom software in India. Before you choose for these solutions, let’s have a look at the top benefits why you need customized software.

Unique solutions

 Custom solutions include and recognize challenges that are required for your business. It keeps in mind the specificity and develops true high standards. The final solution can work well with the functionality of the business and help you save time and effort which many off the shelf software might not provide.

Less interface problems

 Custom business applications are built specific to the business needs, which mean there are fewer complications than the readymade software. Since the application is optimized according to its departments and sectors, there will be lesser interface problem in any custom software development.

 Better security

 Customized application solutions ensure that all the business information are kept confidential. With a customized solution, your enterprise will offer a software that you are going to use particularly for your commerce. This can make all the data in your enterprise safe and secure and with lesser vulnerabilities.

 Expenses are less

 The costs associated with creating custom business applications at times a lesser than the off the shelf software. This is one of the strengths as opposed to the readymade software which are made with a one-size-fits-all price.  This at times get difficult for small businesses to get a software pertaining to that price which is marketed to sell the big corporate as well.

Improve integration

 It is no mystery that various departments in a business need various requirements. It is not always possible to have the best integration by having a singular application that works across all the departments. Instead, when you choose custom solution and applications for each and every departments, it can control, manage and solve better than a centralized system.

Scalable

 Custom business software helps with the analytical figures and all the scales based on the business requirements. This is not possible with off the shelf software where the needs of the company are tweaked in accordance to the existing software. Additionally, you need to buy expensive licenses to get the complete analytics.

Mindmill Software Limited is a Software Development Company with more than 25 years of experience. Get in touch with the experts to discuss more about the specifications.

Five reasons why CMS matters

Gone are the days when static websites are any more effective. Creating the right Content Management System (CMS) has several perks and can significantly boost your business.

While drawing up the blueprint of a development project, if you have the experts of custom software India appointed to create a CMS, it can help you draw the blueprint of your development project. It will not just help creating a workflow but also facilitate access control. Depending on the types of business, the experts will develop an extensive framework of CMS that supports new modules and integrates all the cutting edge technologies.

Make changes easily and efficiently

Making structural changes to your website in the earlier days required a lot of work. You had to update the HTML directly, which means only a developer could manage it. This was all fine when youhad to operate a small page but for corporates and bigger businesses, it meant a lot of work unnecessarily.

But now, the CMS from Mindmill even provides themes that you can be applied to your page and changed immediately! Additionally, it does not require knowledge on web development or programming.

Update content dynamically

With a content management system, not just the design, but adding and editing new content or images is done instantly. Whether you need a new page, want to change the image portfolio or wish for a regularly updated blog- adding new content  will be easy like never before. Moreover, with a little understanding, you can apply basic formatting to your content. There will be no need to understand the complications of HTML!

In broader spectrum, this means, you do not have to hire any developer for the simplest of the changes.

Better SEO

Nicely designed website gets better rank on search engines. This means, the latest SEO rules can be applicable to make your website stand out from your competitors which otherwise would not have been possible with a static website. Any content now that you update can help enhance the ranking. With the many plugins that are available, you can check whether your content will go red, orange or green!

Support multiple users and accounts

Unlike the static pages, a team of people can control the content now! All they need to do is log in to their respective accounts and add content as and when required. There are chances to set permissions or make it a restricted access.

Easily Extendible

Many content management systems have the plugin support. And with the custom software CMS, you can have these full extensions that will allow you to make your website exactly how you wanted it to be! Not just the widgets, the extensions can make your website grow exactly how you want them to be!

Five benefits of custom Progressive Web Apps for your company

The demand for web application development is seeing a big advent. Progressive web applications are one of the many application software which is now widely look at for enriching the overall user experience, and improving the website loading speed.

PWAs are becoming more relevant as it is no secret performance is essential for the profitability of any online venture. Industries of every genre, thus, is looking forward to this new standard called Progressive Web Apps (PWAs) which can enhance their accomplishment.

The experts of Mindmill can create the apps with the common web technologies such as JavaScript, HTML, and CSS which can work across all devices such as mobile, tablet, or desktop.

What makes it a successful PWA?

  • Should run securely (that is, by using HTTPS)
  • Should have modern features and easy to use
  • Must have impressive offline usability as well
  • Must have similarity to native apps

That being said, here are some of the top benefits of having these PWAs for your company –

  • No need for App Store

The experts of custom software India can you help you create the app which will not require any logging from the mobile app store. It can be directly accessed from your browser. Whether you are using android or iOS, you can install the PWA on the home screen manually.

  • Use it offline

Most of our browsers save cached data, which makes it easier to access the PWAs without the availability of internet.  This helps in saving the information which in turn helps in filling up the forms for any query and can be submitted when reconnected.

  • Updates

PWAs get automatically updated unlike the native apps where they have to be updated manually every year.  

  • Easy Access

Progressive Web Apps have much less need for network as in contrast to the native apps. This means, there is reduced need for data, and can even work on 2G network. It goes without saying how this feature makes it a preferred option for the developing nations where 4G network might not be available at all parts.

  • Cost and compatibility

Last but not the least, the PWAs can be built at much lesser price than the rest of the applications.  Also, unlike the native apps, here the web application development can be done in a single cost that can work across all platforms and there’s  no need to develop it for different platforms.

Meeting customer needs easily with CBS

Centralized data centers are not a new thing. If you remember how the banks looked like even in the 70s, the first thing that comes into mind is the long queues. Customers of a branch which was never necessarily the parent branch. Additionally, they were allowed to perform all their activities only at their branch where the account is open.

With the rapid advent of internet, most banks chose to create a Centralized Online Real-time Exchange or Environment (CORE). This helped in creating a common point of correspondence for the entire gamut of services available by the banks. The connectivity helps automating the operations and the other activities.

What are the main solutions to expect in core banking software?

  • Internet banking, mobile banking, and on any hand-held device banking
  • Fund transfer remotely and immediately (IMPS, NEFT, RTGS, etc.)
  • Data centre and co-location as well as DR services
  • Automated Teller Machines (ATMs) & Point of Sale systems
  • Services such as QR Code Merchant Payment, eKYC Solution, Connectivity, Agency Banking Application, and more

Why Core banking is here to stay?

A comprehensive core banking software solution needs advanced web technologies and the experts of bankmill  can provide the right software to get the most seamless result. CBS differ from bank to bank and one of the key factors that decide how the software is generated is keeping in mind the customer bases.  Providing customer convenience is the thumb reason why the technology was developed and is still one of the most developing sectors in the banking industry.  

When done rightly, the CBS can directly impact the revenue generation, its profitability, customer satisfaction, and help highlight on the competitiveness. In terms of customer satisfaction, it provides freedom in the transaction, banks yield from reduced time and resources spent on monotonous activities.

Mindmill has a bunch of experts who have expertise in software development, product development, cloud & asp services and more. Financial institutes are looking for customer expectations and can help the conventional banks to operate more seamlessly than ever.

Micro financing at a glance

Microcredit or microfinance is defined as the way to provide capital to small business entrepreneurs and owners. More often than not, the traditional financial resources are not approachable by these businesses. But these smaller set ups need loans, credit, access to savings accounts as much as the bigger corporations do.

Pioneered by the Nobel-Prize winner Muhammad Yunus, the concept of micro financing get rolling as a necessary capital to start a business who is working for financial stability and independence.

One of the most important part of the concept in financial literacy. This is because, as many of them are getting the microloans, they also need to understand how the money-model works through cash flow management, book-keeping,  and other relevant skills.

With the rapid advent of cell phones and wireless internet globally, the prevalence of microfinance along with the applicants of potential borrowers have also increased. One of the vital features of any banks now is having core banking software.

The microfinance institutions have some goals and is responsible for serving the economically marginalised populations. Additionally, they also aim for:

  • Being a viable financial institution that helps developing sustainable communities
  • Provide financial and support services by mobilizing the resources to the under privileged that will enable the productive income generation enterprises to be financially independent
  • Make opportunities for self-employment for the marginalised people
  • Create steps towards evaluating poverty faster

Mindmill is a market and technology leader which created BankMill as a full service banking software. It works mainly for projects in the BFSI segment specially Banks, Government Financial Organization and to the Corporate World.

What made it a popular suite for these organisations are because of the following:

  • Singular Application Deployment
  • Centralized Database
  • Global Employee
  • Global Customer reach

As a small business, the following are the basic requirements, which is also proved by Bankmill:

  • Lockers
  • PDC Management
  • LC
  • Payroll
  • Risk Management
  • LG
  • Bills Purchase
  • Bills Collection
  • Legal
  • Investments
  • ALM

The state-of-the-art implementation of functionality and technology has helped provide offsite and onsite installation, migration, parameterization as well as training facility. More than 70 banks has used this software and has successfully implenetd their financing and micro financing projects.

Four features every new age CBS should have

To serve the necessities of an efficient OLTP (on line transaction processing) system, the concept of core banking solutions were designed. Today, it is almost a decade that core banking applications in India have been in use and how!

With the telecommunication networks getting denser and the ubiquity of smart phones in our lives, India is now under the aegis of National Payment Corporation of India. More fintech startups and established players and the need and practice for mobile banking, and branchless banking did became a reality.

As the trend and demands for traditional core banking solution is changing, we have to understand the typical shelf life of a core banking software is also set to reduce in the near future. But rather than just making the availability of the core banking solutions, what most of them need is a true CBS.

Must have features of next generation core banking solution

Transaction Posting

Maker / checker are the primary requirement in a financial transaction. A typical core banking solution provides a maker / checker workflow should be the following:

  • Configurable
  • Flexible
  • Endorse forward flow for double authorization
  • Helps in reverse flow for modification
  • Supports masters authorization
  • Access to remote authorization to access privileges

Multi-currency features

The following features are desirable for a true CBS system to support the vision of inclusive banking:

  • Should support multilingual features
  • Multi-currency set up
  • Base currency option
  • Base as well as multi-currency accounting
  • Base currency and multi-currency balance sheets

Single sign on features

Single sign on to applications is one of the most essential features of core banking software and should apply for features that are not supported at the moment such as:

  • Integrated CRM package
  • Treasury/Trade finance package
  • Fixed asset management packages
  • Government business packages
  • Cheque truncation applications
  • Other relevant packages that are imperative to customer interactions

Branchless banking

A good branchless banking solution from bankmill should address major financial services and can help in:

  • Integrating with mobile banking application
  • Internet banking along with widgets/shortcuts for online shopping, flight booking and more
  • Payroll services and share accounting (Credit unions and co-operative banks)

The solutions should also include the following but not limited to:

  • Payroll accounting
  • Share accounting
  • Inventory management
  • End to end mobile banking
  • Web based solution
  • Availability as a SaaS module

Next generation core banking solution must be developed as a mobile first application along with a cutting edge security. And, Mindmill has a team of experts who can help in creating the new age banking software.

Making your domain work easier

Organizations, from financial to non-profit institutions,  are dealing with challenges each day, faced with advanced technologies and increasing competition.  Besides, consumers are shifting their mindsets constantly. It gets critical to building custom software as per evolving business strategies and requirements.

Developing a customized software solution assures you of getting a solution that works as per your distinct conditions and preferences.

How do you know if you require custom software?

Check out the following and if all the ticked, you certainly need one:

  • Does the company need changes to any of their processes?
  • Will outmoded applications be replaced?
  • Is business growth a section of the upcoming business plan?
  • Are various pieces of software employed to develop a single process?
  • Are there means needed that can blend with other systems?
  • Does your company have a set of own processes?
  • What are the possible benefits expected from the updated software that the older version cannot deliver?
  • Will the software enable more accessible use of the process?
  • Are the employees, clients and vendors facing issues with using the current software?
  • Do you wish to interact better with your consumers?

Advantages of a custom software

Efficiency: Custom software is purpose-built. That means, it will support processes productively and swiftly and will not need commercial off-the-shelf software (COTS).

Scalability: Designers and developers can evaluate future needs as part of their claims gathering. They can incorporate these factors into applications of custom software from India, rather than incurring costs by acquiring additional subscriptions or licenses of packaged applications.

Cheaper integration costs: One of the foremost considerations of commercial software is whether it will work with the existing and legacy applicability? If the answer is no, companies face an additional investment in preparing commercial software to interact and operate with their existing infrastructure. Custom software development can help to attain the intended environment.

Profitability: It’s possible to earn with custom software development. Depending on the terms and conditions of any given project, firms that develop their software may be able to license or sell it to other organizations.

Objectivity and independence: Being free of a commercial software vendor is two-way cut situation. On the plus side, companies can bypass price hikes for licensing and support. On the lee side, the cost of maintaining and supporting custom software falls to the party that built it or had it developed.

Established in 1993 as a pure Software Development company, Mindmill boasts of an impressive clientele from many European / Asian and African Countries.

Importance of Core Banking System

Core, out of core banking system, refers to “Centralized Online Real-time Exchange.” Now, today’s word is majorly dependent on Information Technology and there is no exception with banking industry also. Core banking system, with technological advancement, has improved a lot and it works as a back-bone of banking industry. Keeping aside the technological part of the system, the whole intention of the entire process is to provide better service to the customers and make banking an easy tasks for the customers vs standing in a long queue and waiting for your turn. So, it can be easily anticipated that core banking system, to better avail the customers, is equipped with features which will make banking easy for the users. Some of the benefits or basic features of core banking are deposit accounts, loans, payments and the forms via which these features are availed by the customers can be ATMs, internet banking, mobile banking, and brick and mortar bank branches etc. To simplify banking procedures and processes, Core banking system uses Information Communication Technology as a platform for its various applications. To support all these options, Bankmill, a flagship product of Mindmill Software Ltd, comes up with features like Cost Reduction, Security, Administration, Customer Related and Accounting Features. ‘BankMill’ offers the lowest total cost of ownership and operations compared to any other Core Banking System available in the market. Bankmill, a core banking solution from Mindmill Software, is already working as a back-bone of many banks across the globe and is having healthy amount of proven track record.

Software Development for Startups

50906950_2355131874497012_8784700453951635456_oSuccessful business startups are often a reason for brilliant business ideas. These startups, according to their business requirement, requires various software to materialize their business dreams. They need various functionality and ROI also. With the ever changing business needs, startups require different kind of technical support in the form of software which needs to be customizable and scalable too. It is always a good thought to go with a Software Development Company in India specializing support for startups and having range of customizable software options.

As a Software Development Company in India, Mindmill Software Limited is having an experience of 23+ years with great success. Mindmill Software Limited caters with almost all domains with custom specified software projects to accommodate technical need of the organization. With latest technologies in place, proven methods and processes, Mindmill Software, one of the leading Software Development Company in India, tailors to meet business requirement and provide a great customer experience.

Mindmill Software Limited, one of the known Software Development Company in India, provides with the following services:

  • IT consulting/Business analysis
  • Software solutions
  • Maintenance
  • On Site/Off Site software development
  • Staffing services
  • Managed IT services
  • BPO/Operations Management
  • Software testing/QA services
  • Re engineering

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Mindmill Software Limited is powered with Trustworthy, Sincere, Responsive, Flexible and Highly Skilled Workforce with large number of Experienced Engineers with varied knowledge pool. As an organization, we try to understand the exact requirement of a client and its business. We go for Immaculate testing including UI, Performance, Regression & Functionality.

As one of the leading Software Development Company in India, we try to think of the benefits of the customers without which it’s really not possible to sustain in the market for 23+ years. We deal with customers across the globe and try to come up with flexible options that will really help the customers to decide. Below is a synopsis of the benefits that you can expect from us:

  • Enjoy the advantage of India based resources who are highly skilled. With the global delivery center located in India, you can expect a cos cut of 40 to 60%.
  • We always address the evolving and changing market.
  • Our processed project management and Agile methodology makes sure to meet timeline with established business process in place
  • Need to shorten “time-to-market” and quick reaction to demand fluctuations require greater flexibility to ramp up or down which is easily accomplished by outsourcing to Mindmill.
  • With every day we are engaging with new technologies and its’ also increasing the complexity of day to day work and support. It has become really challenging to meet all these with in-house staff. As one of the leading Software Development Company in India. Mindmill Software ensure that you are updated with all these without the hassle of engaging with in-house staff.

In a nut shell, as one of the leading Software Development Company in India, Mindmill Software ensures that your expectation is met within the defined timeline and we are there even after deployment.