A percentage of the population has always prescribed to the adage, “If you want something done right, you might as well do it yourself.” But that attitude is no longer so defensible. Market pressures are forcing industries to deliver new and improved products and services more quickly than ever.
In the resulting competitive environment, complex, enterprise-wide software systems are playing key roles in organisational strategy. So, should an organisation design and develop its own custom applications that address its specific business needs software – such as Governance, Risk and Compliance (GRC) – (Build), or should it purchase a pre-made package from an outside software firm (Buy)?
Here is a high level compilation of some advantages and disadvantages of both the Build and the Buy approach.
The temptation for an organisation to build its own software package is strong and, at times, justified. The decision of whether to build or buy a software package comes down to three key points:
Advantages of Building
Disadvantages of Building
One risk to consider
While an organisation may understand its business needs better than anyone else does, very few problems are truly unique. Purchasing software from a proven and focused-in-your-industry outside vendor provides a base of expertise for solving business issues. Rather than reinventing the wheel, an organisation can take advantage of the lessons learned from other companies within your industry that faced similar challenges.
Advantages of Buying
Disadvantages of Buying
One risk to consider
In the end it is possible to attain the best of both options: Buy a tailorable industry-targeted solution, built on industry best practices, from an outside firm. The integration of best practices within software development is about not “re-inventing the wheel,” but implementing that which has been proven to work.
Developing and supporting enterprise-wide quality and compliance or GRC systems happens to be IsoMetrix’s business. We would like to take the burden of quality and compliance off your hands and make it our job, so you have time to do yours – better than ever before.
IsoMetrix is a leading South African-based supplier of integrated GRC management software. IsoMetrix is an agile application, thus its business model is to customise its solution to match its client processes and procedures. IsoMetrix even allows you to create your own solution. Isometrix has a global footprint with more than 40 000 users.