We often find ourselves being asked by new companies and existing customers to help them make a financial and functional comparison between policyIQ and other options available to them. Here’s the skinny:
If you’re interested in automating your anti-money laundering compliance efforts, centralizing and streamlining your FCPA process, or finally managing and distributing your policies and procedures in a secure and electronic environment, then you’re going to need to consider how that effort will be managed, accomplished and then supported on a day to day basis.
“Build-versus-buy decision points remain the same: cost, time to market, politics, architecture, skill sets, and strategic value”1. While $55,000 a year might cover the salary of one junior project manager (per www.salary.com), with policyIQ, it buys you:
- 100 Advanced Users’ access to policyIQ
- An unlimited number of read-only users with access to policyIQ
- A policyIQ “Super user” to act as your ongoing implementation and business partner
- Our Support Desk with a reputation for excellence in helpfulness and responsiveness
- Our development team working continuously on new features and refining existing features
- Our team of experienced testers
- Our technical team overseeing and managing your database
- Our data center hosts overseeing center, server and site security
- All necessary hardware and software, relative maintenance
- Regular upgrades to software functionality and features
- Routine Training and configuration support
- Access to a network of experienced project professionals ready to hit the ground running
All of this is priced for affordability, scalability and you can begin tailoring for your business needs immediately. There are no add-on modules and no additional development costs when you want to expand. You simply pay for the users who will be accessing policyIQ for anything more than basic read-only access.
In a related post on InfoWorld, Mark Lutchen, former global CIO of PricewaterhouseCoopers, now head of the firm’s IT Effectiveness practice says “Everybody knows that the more standardized you are and the more you buy off-the-shelf, the more cost effective it will be for both implementation and ongoing maintenance.”
Toby Redshaw, corporate vice president of strategy, architecture, and e-business at Motorola underscores Lutchen’s point saying SaaS is “a better sales model and return model for the enterprise…[it] incurs no hardware or software capital investment and drives maintenance costs lower still.”
It is true that we, on the policyIQ team, do not aim to meet every organization’s custom needs in various areas of the business. We do pride ourselves on offering a cost effective content management application that lends itself to automation of a wide range of standard business processes.
As you’re considering how to best utilize your IT, application and infrastructure budget for 2012, consider how you might consolidate the management and streamlining of multiple processes in policyIQ—and let us take it from there! We are looking forward to brainstorming with your process champions and helping you to realize cost savings and gains in efficiency in the coming year. Email us (Support@policyIQ.com) or call for more information (1-866-753-1231).
1 Traylor, P. To build or to buy IT applications? The oldest question in IT keeps getting more complicated as new options emerge. Here’s how MCI, Motorola, Visa, and others are tackling the problem. InfoWorld. Retrieved from: http://www.infoworld.com/d/applications/build-or-buy-it-applications-676?page=0,0.