Off-the-shelf software goes by many names like– pre-packaged, out-of-the-box and recently, SaaS software. With that in mind, here’s how to compare two main software approaches: (1) buying off-the-shelf (or SaaS) software and (2) building a custom software application. And, you don’t want your tech (or lack of) holding you back from growth. Because decisions for critical tech systems can affect your ability to deliver for customers, evolve your operations, and launch new innovative ideas for your products or services. Why Choosing the Right Software Approach Mattersįirst, let's look at why it's important to pick the right approach in the first place.ĭeloitte reported that today’s technology leaders are “expected to invest in tech that creates demonstrable business value by delivering growth and innovation.” In other words, it’s not just about purchasing new software as a “quick fix” to a short-sighted problem.įorward-thinking leaders are considering how technology as a whole impacts their long-term strategic goals and innovations. And if you want to skip ahead, click a link below to go to a certain section. So, to help you make the right decision, we'll walk you through the advantages and disadvantages of each approach. To say “renting is always better” or “buying is always better” is too simple. You have to consider your finances, future plans, and many other factors. It’s kind of like asking whether you should buy or lease a house. So, what approach should you take with technology? Should you go with an off-the-shelf (or SaaS) solution or custom-built software? And, your tech choices can be the difference between falling behind or getting ahead in your industry. But, the power of choice can be overwhelming. It could be to launch digital transformations, support new remote workforce models, upgrade customer interactions, or automate your operations.įortunately, software is also more accessible than ever. Across all industries, leaders are adopting digital tools to better their businesses.
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