It is then a matter of deciding whether to develop a new solution in-house, or buy one and work with a vendor to customize it. When making the decision to build or buy a solution, companies have to consider every angle as it relates to their business needs and objectives. Consideration should be given to how fast they need to ramp the solution, the total cost, flexibility to accommodate change, the strength of the technology, who will control sensitive information, and which choice best enhances business productivity. Today's businesses exist in ultra-competitive markets where speed is a major factor. The faster a competitive tool is made available, the faster the company can realize increased revenues.
Outsourced solutions have an advantage over in-house development in terms of speed.
An ASP model manages and delivers application capabilities to multiple entities from a data center across a wide area network. Cost Along with considering the costs involved in building, maintaining and upgrading a PRM solution, companies should factor in the risk costs. Development mistakes can prove expensive, often resulting in delays and compromised feature sets. Quite often, companies will find out too late that they have focused development on features their partners don't use. Companies can minimize their risk by working with a PRM solution provider with an ASP model.