ENTEPRISE SOLUTIONS: INDUSTRY- SPECIFIC SOLUTIONS: SYSTEM SELECTION

Why risk choosing the wrong system or taking twice as long for your selection process? A system selection done right is more than simply comparing features and functionality. It involves finding the system that can be successfully implemented in an acceptable timeframe, maintained over the long haul at a reasonable cost and that ultimately yields the desired business outcomes.

CC Pace routinely assists our financial services clients in selecting software such as loan origination systems, trading platforms, authentication software, and more. Clients turn to CC Pace for our extensive industry knowledge and vendor-neutral approach. Bottom line: We ensure our client’s software investments meet their business needs so they see value immediately.

CC Pace’s System Selection Methodology Includes:

• Strategic Technology Planning: A system selection must be conducted within the context of an overall business and technology strategy. CC Pace reviews the company’s business and technology strategy and considers the current and future states of both the industry and the market. We help determine the project’s business drivers and establish realistic project scope and goals.
• Business Requirements Gathering: We conduct an assessment of current and future company-specific needs. We consider what makes a company unique as a business, and then develop precisely tailored requirements. We pay special attention to identifying those areas most likely to yield maximum ROI.
• Vendor Analysis: CC Pace matches high-level requirements with product and vendor information from our research and proprietary databases to produce a short list of suitable vendors. The requirements are then converted into an RFI and/or RFP. Vendor responses are evaluated using CC Pace’s scorecard methodology.
• System Evaluation: Short-list vendors and their products are compared, evaluated and validated to determine what system best aligns with the client’s goals and needs.
• Solution Recommendation: The final recommendation presents the business case for the proposed solution – how the decision fits with the stated strategy; the pros, cons and risks; direct and indirect costs; and the expected return on investment.