The selection of an enterprise-class strategy execution platform can often have a multi-million or multi-billion dollar impact, and that makes getting the right software a decision that cannot be rushed.
However, making that choice doesn’t have to be difficult, as I’m going to highlight with these 7 requirements you can’t miss when choosing a strategy execution platform.
Your company’s strategy is core to what you want to achieve.
Choosing a strategy execution platform means finding a solution that is built to help you meet your goals, whatever they are. But that choice of platform isn’t easy.
Get it wrong and you can potentially derail or delay a major strategic initiative or transformation. Get it right and the enterprise platform will help you execute your strategy and gain an advantage over the competition. This type of platform is not one where a low cost represents great value but often it presents much greater risk.
Determining the value of the Strategy Execution platform is quite difficult as much of the marketing noise is designed to muddle the differences in functionality, technology, information security, R&D investment, scalability plus other critical value and benefit dimensions.
You get what you pay for…
One truism which always holds true is you get what you pay for…
When it comes to common key questions we hear, it’s a rule of three: Risk to scale, cascade and execution in a secure manner.
Many organizations choose to partner with i-nexus due to our scale, financial stability, existing partnerships with Fortune 500 organizations and 18+ year global experience. The key to getting what your organization needs from a strategy execution system is knowing what to look for.
After all, not all platforms will give you what your organization needs - your requirements are what brought you to the stage of finding the right solution.
These are the 7 key themes that which consistently feature during a selection phase:
The starting point for determining software value is identifying the requirements that must be satisfied, including both functional and non-functional requirements.
These non-functional elements as outlined above must all be ‘knockout’ questions. Fail one and the platform is out of contention. Sometimes the wrong software is bought, which if lucky sets a ceiling on how well it can meet the organization's requirements; or in the worst case it will totally derail the execution of a global strategic transformation.
When software is bought on price, you can absolutely guarantee that shortcuts were taken, and a thorough requirements analysis was not done. Such projects always carry a serious business risk. On the other hand, organizations undertaking the rigor of a mature software selection process and selecting a product by value are far more likely to achieve the desired outcomes.
Want to discuss these thoughts in more detail?
Set up a call with our Solutions Director, Anne Docherty, on +44 (0)7723 711809.
Alternatively, reach out to us at firstname.lastname@example.org to get the conversation started.
Rob Hill is i-nexus' Executive Vice President of Sales & Marketing. With 20+ years of global Cloud enterprise software experience, his passion is on delivering genuinely transformational and sustainable solutions which add value by solving real business problems, resulting in amazing customer satisfaction and retention with a genuine ROI.