Vadim
Struk
Product Manager at Relevant Software

How to Build White Label ERP Solution: Your Guide

Fintech

You’ve hit a figurative brick wall. You’ve been trying to build a white label ERP solution off and on for weeks, and you just can’t make it happen. You already know that ERP is an integrated management system that helps companies manage their resources.

Not only does it help companies find ways to become more efficient, but it also improves their productivity. You’ve come to the right place if you want to learn more about how to build a white label ERP solution of your own. Today’s competitive ERP market demands product development expertise and talent.

If you want to build a world-class company, you need to build world-class software. The below guide will provide you with information and a couple of case studies to show you how it’s done.

How to Build White Label ERP Solution 

When you start planning your software development program, it’s important to understand that the white label ERP software development is more than creating an app. It’s more than just a software program. You need the additional features and functionalities of a white label ERP solution.

You need it because one of its biggest benefits is that it mimics your business in detail. To get the right results for your white label ERP software development needs, you should follow the steps below. First, you want to find out more about your clients, customers, and users.

successful white label project checklist

Be prepared to invest in a lot of data research on users, analytics, and emerging technology trends. You can’t build white label ERP software in a vacuum. To create an effective ERP solution, you need to have a white label digital ERP software development strategy. A strategy built on sound community and customer insights.

Open Source ERP Versus White Label ERP Software 

When considering the advantages or disadvantages of open source ERP, it’s important to understand two criteria. These criteria represent the definition of open source ERP.

Open Source ERP is an acronym that encapsulates some of its flaws. Open source ERP stands for an open system for electronic transactions. It’s the open system that causes some of the biggest challenges.

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The development of open source ERP is available to everyone for free. There are no licensing or royalties, so there are no strings.

Open source ERP can come with higher IT costs than you anticipate. That’s because you don’t have to pay for licensing, but you do have to pay in time and money rigorous tests that determine if it meets your company’s standards.

White label ERP is software that functions as another company’s ERP has one main difference. Even though it functions as another company’s ERP, it is branded with your company name. There’s nothing easy about building a white-label ERP software solution.

That’s because it’s a very complicated and advanced process. You can’t throw together some third-party software and throw your brand name on it.

Building a white label ERP solution takes careful planning, precise execution, significant resources, and a very skilled technical development team.

Common Challenges for ERP 

One of the biggest challenges for ERP is that the navigation has very complex and complicated software. It takes a tremendous amount of time, effort, and resources. One example is if you want to build your custom ERP solution, you can have tremendous integration costs.

You want to make sure your ERP software integrates with all other systems you already have operational for your company’s infrastructure. Another example of ERP challenges is that you may receive duplicate or inconsistent data. When this happens, you usually have to put all your resources in one area and use all of the resources, strengths, and abilities to resolve your issues.

Sometimes you check the open-source ERP solution because you didn’t want to run into high costs creating the technology lock-ins. When you accept an out-of-the-box ERP solution, you take away one of the only things that help make your business unique. You are taking away the solution’s ability to provide your business with a value proposition.

common challenges for erp software

Custom White Label ERP Software 

Custom white label ERP software is not something that happens overnight. To develop a world-class white label ERP solution, you need to focus on three core aspects of the development process. The three things are people, technology, and processes.

You need to ensure that each of these components matches your company’s individual needs and promotes the company’s best possible outcome. Your consideration and decisions regarding the advantages or disadvantages of white label ERP options are extremely important to understand before deciding anything.

Each member of the custom white label ERP software team needs to be involved during the development process. White label ERP development can be a painful and difficult process for any company. It’s a challenging process because it involves heavy forethought, planning, implementation, discovery, and learning.

But believe it or not it is worth it.

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White Label ERP Software Development 

You can find a vendor of while label ERP software and solutions that offer you mature products ready to be branded with your company name. In fact, some companies prefer to work with vendors who have existing white label solutions ready to go. It allows them to avoid the development costs associated with creating custom white label ERP software from scratch.

But by doing it that way, you lose the chance to create a one-of-a-kind roadmap. The best way to optimize a one-of-a-kind roadmap is to create a white label ERP solution that follows the features below as a good starting point. 

  • Customization
  • Features
  • Branding
  • Development Costs
  • Integration
  • APIs
  • Security
  • Support
  • Revealing Complexities
  • Affiliations, and
  • Pricing

Building white label ERP software is an extremely complicated and advanced process. It requires a significant amount of planning, resources, and a skilled team. So be prepared to spend some time and effort on making it work for your client and their ERP solution needs.

Must-Have Features for ERP White Label Software 

EPR white label services have multiple user interfaces. The interfaces provide feature-rich solutions such as:

  • Finance
  • Credit Control
  • Rebate Management & Procurement
  • Stock & Warehouse Mgt
  • Sale, Telesales & CRM
  • Business Process Automation
  • Trade Counter & ePOS
  • Integrated Analytic & Automated BI

You can subdivide white label ERP software into four broad categories: internal, external, joint venture, and white label cooperative. 

When you’re considering the advantages or disadvantages of white label ERP options, you need to understand the distribution of the most common forms. It takes time to develop a white label ERP solution but is always worth the effort.

Think About Gamification of Your ERP Solution 

There are ways to gamify the sales process. You can design a motivating and intuitive system that simplifies your sales process and procedures. A simplification process and procedure is a solution that increases the efficiency of salespeople. It’s also a real-time case-in-point gamification example with Mapman.

erp product gamification

Mapman provides gamification of Enterprise Systems Software and its performance in real-time to help boost sales. An analysis was done of different gamification approaches that could service all the client’s objectives. A capable gamified ERP and CRM SaaS platform with an intuitive web UI and an iOS app that monitors and manages personnel was created.

erp product game store

Four Roles of Gamification ERP Solutions

There are four roles in the gamification ERP solution. They are:

  • Super admin that adds clients to the system
  • Admin of the company
  • Local managers and
  • Salesman

Each of them has its own interface. The gamification of the company’s ERP solution only took place after extensive studying of salespeople’s routines. The game system was built around the studied, learned behaviors. 

Vendor of White Label ERP Software 

Your select vendor should provide a powerful strategy they share with you that will help increase your distribution and revenue opportunities through your white label ERP solution. There are many benefits to adding white label ERP software products and services to your core business model. Your selected vendor’s ERP software solution provides a multi-user interface that also gives you:

  • Greater Autonomy
  • Licensing Models
  • Deployment Options
  • Effective Deployment

Providing Market-Driven (Localization) technology will allow you to make the necessary changes to facilitate local business rules such as VAT, language, and reporting. Using the EDI (Verticalization) helps create niche market-specific functionality to meet the needs of your customer base and for any partnership.

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How We Built a White-Label FinTech Product 

White-label fintech products and solution benefits and saves industries time and resources. Companies can deploy new white label fintech product solutions for their financial services through reliable tools and applications. It’s projected that these benefits will double the number of fintech companies on a global level. 

Relevant recently worked with FirstHomeCoach, which is a UK-based Fintech company. Relevant developed an application that provides homebuyers a way to navigate the home buying process effectively and quickly. The Relevant team integrated an app that was able to use system algorithms from scratch for FirstHomeCoach. 

FirstHomeCoach was able to sell white-label ERP products to potential homebuyers that were secure and reliable. Relevant can deliver white label development services for fintech companies across the board. That provides fintech companies with the capacity to use and benefit from P2P lending, banking services, or wealth management.

Summary 

Like all technology and business trends, ERP solutions receive both praise and criticism from industries. The benefits of custom white label ERP software are self-evident in industries such as manufacturing, retail, healthcare, and more. Supportive white label ERP solution end-users help provide companies with sustainability and profitability.

It’s common for end-users to have many questions when they are using the ERP Software solution product. That’s why Relevant provides 24/7 support for clients. The support process is what helps lead companies to a sustainable future using white-label ERP solutions. 

Your Next Step 

There’s also much thought that goes into building a white label ERP software development program. It would help if you had everything ready to go before you begin the process of creating your white label ERP solution. Relevant is a white-label software development company that specializes in business-to-business (B2B) solutions.

Relevant’s B2B solutions help businesses and startups build custom white label ERP software in a cost-efficient way. Relevant also focuses on creating effective mobile solutions for businesses. Reach out to Relevant when you want to capture opportunities and win new clients or business partners.

Relevant knows that a custom white-label ERP solution is the secret to business success in today’s competitive market. When you’re ready for your business to be sustainable and profitable, reach out to Relevant. Relevant will provide the ERP white label solution you want with the support services you need. 

Written by
Vadim Struk
Product Manager at Relevant Software
For more than 6 years, I've been working as Business Analyst and Product Manager at Relevant. I'm responsible for requirements engineering and management and solution implementation control.

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