Technology Acquisition
Strategic Approach to Selecting the Best-Fit Solutions

The vast technology landscape can present a challenge to procurement decision-makers. Velocity’s technology team understands the complexities of procurement technologies and uses that expertise to help clients along the technology improvement journey.

Best-Fit Solution Selection
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The Best-Practice Approach to SaaS Solution Evaluation & Acquisition
- Internal & External Analysis
- Market Intelligence
- Business Process Fit/Gap
- Develop Requirements
- Formalize Specification
- Evaluation Strategy & Criteria
- Roadmap & Budget
- Pre-Screen Providers
- Formalize Specifications
- Execute RFx
- Provider Comparison
- Short-List Viable Options
- Scenario Analysis
- Stakeholder Feedback
- Confidence Factoring
- Cost/Benefit/ROI
- Executive Presentation
- Cross-Functional Buy-In
- Financial Readiness
- Go/No-Go Approval
- Commercial Package(s)
- Final Deliverables
- Financial Commitment
- Provider Enablement

Best-Practice Approach to SAAS Solution Acquisition

Best-Practice Approach to SAAS Solution Acquisition
A Few Keys to Success
In some instance, procurement organizations have achieved a certain level of maturity or have excelled in some areas of their business, but still need some degree of support in expanding their capabilities
Establishing the vision and plan is essential to understanding where you’ve been and where you are going is critical – too many companies focus purely on short-term needs, such as features and functionality.
Getting the leadership, stakeholders and key users on-board early in the program will ensure all the needs of the business are addressed and optimal adoption has a real opportunity to be realized.
Ensure that what you develop in your business case matches what vendors demonstrate for you, and that these requirements are correctly included in the quote and SOW. Aligning the business case and the final delivered solution is where most projects go wrong.
Procurement Potential
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