For years, companies preferred large enterprise software suites for a variety of technical and business reasons. But increasingly, these suite implementations have been prone to failure due to the customization demands required to meet the needs of an organization’s many stakeholders.
The rise of best-of-breed (BoB) cloud-based applications have changed the landscape as well. Businesses are able to build highly differentiated applications much more quickly and thread them together with other best-of-breed applications. These BoB apps are not just ‘a little bit better.’ They are often orders of magnitude better than suite competitors, and their functionality can be paradigm-shifting for those who adopt them.
This report explores why best-of-breed contract management platforms are outpacing their suite competitors and creating real value for companies.