Best in Class software
Choosing the right financial software for your business can take one of two routes; You can try to use one suite, with many functions, to minimise the number of systems. Or you can use the best system for each function – what we call a “best in class” approach.
Best in Class software

The Software Jigsaw Puzzle

Choosing the right financial software for your business can take one of two routes; You can try to use one suite, with many functions, to minimise the number of systems. Or you can use the best system for each function – what we call a “best in class” approach.

This jigsaw methodology for stacking systems is the same as you might use in other areas of your business – you’d generally hire the best, most qualified person in their specialism for a specific role rather than simply the ones asking for the least money or live closest.

The Technology Stack

There is a place for all-in-one suites of software, but in the fast world of ever changing technology, these one-size-fits-all systems, simply can’t be the best at everything.

With the advent cloud technology, having multiple systems that seamlessly talk to each other is easier than it’s every been and the drawbacks of a good technology stack are far outweighed by the benefits;

Quicker Innovation

Focusing on evolving one function and with competition from other “best in class” software, means that development is faster and innovations are more frequent.

Flexibility

A one-size fits all can offer far less customisation than something that specifically understands the task.

Control

Using one software carry’s a risk – the potential for increased fees or too much investment to move. Using multiple solutions allows you to greater control to adapt as your organisation evolves.

To find out where Bridge Financials can help you discover the “best in class” solution for your product, please book a Discovery Call with me Richard Davison.

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