5 benefits of purchasing software as a package
by: Cyndy Stewart
Financial institutions are not immune from having to invest in technology. At some point, in order to remain efficient and serve your customers, you will be forced to adapt to and implement new technology.
Effectively using technology allows you to save time, maximize employee resources, remain competitive, reduce your regulatory burden, and become more efficient and productive. Of course, shopping for and deploying new technology can be an arduous process. There are often multiple vendors that can offer similar capabilities, pricing models, and benefits, and making the right choice for your financial institution, with your unique needs, can take time and a pretty intense due diligence process.
As you’re evaluating your technology needs and trying to find software and services to meet your needs and goals, consider the benefits of purchasing software as a package from one vendor, rather than going the “a-la-carte” route.
Many software solutions providers package multiple services together to give users a more robust experience. For example, Microsoft® Office is sold as a suite of products including Word, Excel, PowerPoint, and Outlook, all of the tools that an individual or student needs to get the most out of their home office experience. Sure, you could purchase Word by itself, but the real value comes from the integration of the other products working together. More and more, it’s becoming an industry norm for providers to offer software and services in packages or levels so that users have a comprehensive solution, while still meeting their budget.
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