You must ensure you have the necessary resources in place if you believe developing software internally is the best course of action for you or your client.
You receive the tool you require with the characteristics specific to your company’s requirements. This is a huge benefit of creating your own tool. Especially if you are unable to find an existing tool that provides the majority of the features your company or client need. Additionally, you can adjust reporting accordingly.
An internal tool can be continuously modified as needs change over time. If you continue to employ your in-house development team to maintain the tool, you can also get more immediate and direct support.
Long-term financial savings are guaranteed. You own the source code, so if this tool’s functionality fulfills the demands of a larger audience, it might even develop into a new product that your company sells.
As discussed, you’ll need to invest more money upfront for development and onboarding. It will take time to develop a tool, so you may have to come up with temporary solutions in the interim as a stop-gap. While owning the tool means direct control, it also means indefinite maintenance and support.