Selection of software tools

Avoid expensive mistakes with a short list of recommended software from our unbiased software experts. How to Really Select the Right Software. Lean Selection is the methodology originated by SelectHub and details a best-in-class approach to software selection. We only recommend products that can do exactly what the buyer needs, saving them time while researching.

Ensure they can find you by claiming your product profile now. Short-List and Score Vendors for Free. SelectHub is a combination of a software selection platform and research firm, geared to deliver unbiased market data to our users, guided by an agile and collaborative workflow. Project Management. View All Software Categories. Austin Office S. Thankfully, there are a number of software tools and websites that have emerged to support the vendor selection and due diligence function.

These ratings are derived from objective, verifiable information and are created by an independent organization. They take the form of a number ranging from to In the past, the time and effort it would take to perform individual cyber risk assessments for each supplier was prohibitive, and resulted in cybersecurity being excluded from the vendor selection process. BitSight Security Ratings are the only security ratings that have been independently proven to correlate with actual cyber risk , so you can be confident that the supplier with the highest rating is actually less likely to experience a data breach than the others.

This ebook contains five actionable steps that will put you well on your way to establishing an effective third-party risk management TPRM program.

What may be less familiar is using reviews before signing a big-dollar vendor contract. However, the Yelp model has been successfully applied to the world of B2B vendors. Popular review sites include Capterra and Gartner Peer Insights , which both focus on software, and G2 Crowd , which also includes services. Another review site which may provide insights for procurement professionals is Glassdoor , which allows employees to rate how much they liked working for a company.

If a vendor is producing angry or burnt out employees, then they may not be the best fit for your organization. Develop a structured Demo Script so you can compare vendors on a common footing.

See how they meet your key requirements and compare them in an equal manner. Involve all of your key stakeholders in demos and make sure you address all of the functional concerns to get buy-in from everyone.

Armed with a strong understanding of your unique business requirements, decide on the best fit for your organization. Conduct due diligence and confirm your final decision. Talk with references and make sure you are getting a consistent view of their experiences — it speaks volumes about what you can expect.

This time in the project is when you have the most leverage. Make sure you consider license costs, one-time implementation fees, ongoing support costs and so on. Most software contracts are written by the software vendor. Make sure you negotiate the contract to protect your interests and save you money. This partner provides a non-biased view of the implementation challenges and can speed the process to successful completion.