Software: Buy Vs. Build

Is Custom Software Right for You or Should You Go With the SaaS Approach?

Have you identified a business problem that can be solved with the right kind of software? Excellent! The next big decision on your plate is probably going to be choosing between custom and off-the-shelf software—buying an existing system, like a SaaS (Software as a Service) product, or building your own custom software.

Think You Might Need Custom Software?

See the telltale signs of a business that needs to build custom.

Signs You Might Need Custom Software

Apr 18, 2021, 10:05 AM

Saving money is always a consideration, and SaaS platforms can help you do that—at least in the beginning. However, if the SaaS option you choose is not the right solution for you, starting down that path can end up costing you more in the long run.

Switching vendors because of poor fit to your needs is very costly. So is buying additional software to fill in the gaps in your first SaaS solution. 

While custom software is a large up-front investment, it might end up costing you less in the long run and bring better results. How can you tell? Look for a few telltale signs:

  • It’s hard to find a SaaS vendor that matches at least 80% of your needs.

  • You have the time it takes to develop an MVP.

  • You are in a sensitive or highly competitive industry.

  • You need a competitive advantage and software could help you gain one.

Do You Need Custom Software? 

See if your business could benefit from custom software.