In any organisation with a sizeable IT function, making a case for software investment to help transform procurement and finance processes inevitably needs to address the question of whether to build that software in-house or to use a commercial off-the-shelf (COTS) system.
This white paper presents the case for best-practice COTS software adoption, look into the question of why procurement executives should recommend COTS software over home-grown solutions, highlighting the business benefits, including:
- Easier, faster to implement and highly flexible
- Lower initial costs
- Future proofed, with updates deployed regularly
- Lower overall risk
- Less reliance on IT resource availability