Below, please find a blog posting from a referral partner of L6S Business Consulting, Josh Szakal of Black River Technologies.
The age old decision between choosing a Best-in-Class software solution vs an All-in-One Suite package is a heated topic that should be at the forefront of your mind when selecting a software solution.
Before making the decision, you first need to understand what the key differences are. The aim of a traditional suite software package is to provide businesses with one stop shopping for all their software needs. In the world of ERP software, suite vendors provide solutions that handle everything from financial management, and point-of-sale, to CRM.
The benefit of moving forward with a suite software package is that all of your data is located in one place, and integration between applications is handled by one developer. On the flip-side, the biggest downside to suite packages is that they are usually ‘a mile wide and an inch deep’. You may take comfort in the fact that you have an all-in-one solution that handles your entire business, but might soon find that the functionality you really wanted is seriously lacking. Restricting yourself to a suite software package restricts you the R&D efforts of its software developer, which is likely spread over a wide range of products, instead of focusing on one specific area that makes them best-in-class.
A Best-In-Class software solution on the other hand strives to be the best in one area of significance and focuses all of its efforts in this one area. Choosing a best-in-class approach allows you to choose the best solution for each part of your business, enabling you to get the most out of software automation. Using Intacct as an example, financial management is the #1 priority of software development. The solution provides greater functionality and flexibility with respect to your finance and reporting needs, and offers integration to other software systems where applicable. Take Salesforce.com as an example. This software is the leader in providing CRM solutions to its customers, and seamlessly integrates with the Intacct Quote-to-Cash process, allowing the experts to focus on their respective areas of functionality where they each do extremely well.
We at Black River Technologies believe that a best-in-class approach is the direction your organization needs to take to truly excel in your business processes. This is the approach that is going to allow you the freedom to make the right decisions with respect to software automation at each stage in your business’s growth cycle.
Want to learn more about what best-in-class ERP software has in store for your organization? Click here to learn how to elevate your ERP experience!