I hope that you enjoyed the article, “10 Types of Procurement Software, Part II.”
In preparing to write this two-part series and taking a fresh look at the offerings of software providers, one distinction between providers became clear: there are two types of “combination solutions” and “complete suites.” One type is the solution/suite that has one really strong module and is weak in all other modules. The other type is the solution/suite that is solid in all modules.
So, many times, software buyers will assume that they should go with one provider who “does it all.” The risk is that they will sell themselves short and not get the quality of capabilities they really need by allowing this self-imposed constraint to guide their selections. If they would let themselves deploy, say, a best-of-breed contract management solution from one provider along side a sourcing solution from a different provider, they could really get the best of both worlds.
Of course, there are suites that have strength across the board. But you may find that the cost of these power suites is more than you can handle. Or you may not.
In my mind, the key is to go into the software buy with an open mind. Cast a wide net. Then, whittle down your options as you compare capabilities, cost, provider stability, and more. Don’t block yourself from even seeing options that you may learn to like.