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15 Questions to Ask Your Software Vendor
When making a decision to buy any piece of software there are a number of criteria typically evaluated. One of the most important elements in the decision process is the strength of the company that builds the software. In fact a survey of 19,000 customers has identified that company strength is the most important factor in choosing software, with the price of the software being the fifth most important element. In evaluating a company's strength I would suggest you ask the following 15 questions, the answers to which will provide invaluable information in determining the viability of the company, their processes and their commitment to the product you are reviewing. 1. How long have you been in business? 2. When was you last upgrade released? When is the next one planned? 3. What's involved in doing an upgrade? a. Can your customer's do it? 4. Are manuals available for the software? 5. Does the software update cost include phone based tech support? 6. What percentage of customers are current with their annual support contract? 7. Where is the product heading? Technology/Functionality? When do you plan to get their? 8. When did you last put your prices up? 9. Are you planning for the next realease of Windows yet? 10. Can i build my own reports? 11. Why did you choose your current development platform? 12. What does it cost to have someone come onsite a fix a problem? 13. Who does the training, are there scheduled courses? 14. Can i talk to a customer who implemented in the last 6 months? 15. How much have you spent on research and development in the last 12 months? Importantly there is no right or wrong answer to these questions, and the answers may vary greatly from one vendor to another. There are however some answers that should throw up a red flag: Question 6 - This is generally a good guage of customer satisfaction. If the vendor can not provide this information, or is not willing to do so then you can anticipate a support issue or poor customer satisfaction with the product. Question 10 - You should always have the ability to get to your own data. If you require a programmer to build new reports then you will consistently be biting into your ROI. Question 14 - If the vendor skirts around this issue then they are uncomfortable letting you talk to a recent customer and therefore maybe hiding something from you, perhaps a difficiency in their product or in their implementation process. Question 15 - The answer to this question identifies how 'productised' the software is. A vendor who regularly evaluates their customer's future requirements and spends money on building these into their product is committed to it's current customers. A vendor who spends money only 'as required' is probably not so committed to building a great product as they are to getting sales. When getting answers to these questions please also consider that their may be legitmate commercial reasons as to why a question can not be answered, however at a bear minimum your vendor should be able to provide some background into their reasons for not answering. There are another four important criteria upon which any experienced buyer will evaluate a software purchase which will be covered in future articles. Jay McCormack has had years of experience in the web and software industry. Most recently he launched http://www.cheaperit.com where he reviews and recommends the best software found on the web.
MORE RESOURCES: Check Point Software Reports Fourth Quarter and 2024 Full Year Results Check Point Software DeepSeek AI Is 'Good News' For Enterprise Software, Says SAP CEO Investor's Business Daily Advisory details ransomware attacks on SimpleHelp remote access software American Hospital Association Honda issues recall over software glitch. Which vehicles are affected Lansing State Journal Guide to Legal Technology Software Bloomberg Law Exclusive: Apex Custom Software hacked, threat actors threaten to leak the software DataBreaches.net Honda recalls 295K vehicles for software issue KOBI-TV NBC5 / KOTI-TV NBC2 Clear-Com Unveils EHX v14 Software Update Sports Video Group Walmart has H&R Block tax software on sale for up to $16 off to save on filing your 2024 taxes NJ.com JONAS CLUB SOFTWARE UNVEILS INNOVATIONS & THE JONAS OPEN VIRTUAL GOLF TOURNAMENT AT THE 2025 CMAA CONFERENCE The Golf Wire Nearly 300,000 Honda and Acura Vehicles Recalled Over Faulty Software, Engine Stall Risks AboutLawsuits.com Managing the Risks of China’s Access to U.S. Data and Control of Software and Connected Technology Carnegie Endowment for International Peace Serco Expanding U.S. Business With Acquisition Of Northrop Grumman’s Training And Software Unit Defense Daily Network Honda recalls 295,000 vehicles due to software error that could cause engine to lose power USA TODAY Atlassian Earnings Beat. Software Maker's Revenue Guidance Above Views. Investor's Business Daily North Korean Lazarus hackers launch large-scale cyberattack by cloning open source software TechRadar Checkpoint Software (CHKP) PT Raised to $220 at Stifel StreetInsider.com QBS Software picks up Prianto ComputerWeekly.com SLK Software's promoters look to sell majority stake The Economic Times Checkpoint Software (CHKP) PT Raised to $220 at Mizuho StreetInsider.com PE Weekly: Deloitte Acquires ERP Software; Food and Beverage Deals Return Middle Market Growth Website Builder Software Market is projected to grow at USD 3.9 billion by 2032, CAGR with 7.9% EIN News KCS showcases its latest software at ARA Show International Rental News Cathie Wood Says Software Is the Next Big AI Opportunity -- 2 Ark ETFs You'll Want to Buy if She's Right The Motley Fool IBM Stock Pops On Earnings Beat, Software Growth, Free Cash Flow Outlook - Investor's Business Daily IBM Stock Pops On Earnings Beat, Software Growth, Free Cash Flow Outlook Investor's Business Daily SAP extends support deadline for getting off legacy software – in very special circumstances The Register Checkpoint Software (CHKP) PT Raised to $240 at Raymond James StreetInsider.com Checkpoint Software (CHKP) PT Raised to $220 at Cantor Fitzgerald StreetInsider.com IBM Is Seeing Growth in Software and AI Morningstar Appraisals for software engineers: Microsoft and Amazon are using performance reviews to decide who gets s The Economic Times Orchard Software Named Top LIS Vendor by 2025 Black Book Market Research for Seventh Consecutive Year PR Newswire Securing the Software Supply Chain: A 2035 Blueprint The New Stack American Honda Recalls 295,000 Vehicles in the U.S. to Update Fuel Injection Software Honda Newsroom Hg looks to raise $12bn for large-cap software bets Private Equity International Earthquake Alert Software Market May See a Big Move | Major Giants LastQuake,QuakeWatch,GEOFON openPR The toll Trump 2.0 could take on LatAm’s software, IT services exports BNamericas English Check Point Software Technology (CHKP) Tops Q4 EPS by 5c StreetInsider.com Check Point Software shares edge lower after Q4 results Investing.com Drone company's software will no longer stop flights over wildfires, other no-fly zones NBC San Diego Google open-sources the Pebble smartwatch’s software, and its creator is making a new model Engadget Startups to Watch 2025: VedaPointe's software automates workflow to improve health care The Business Journals HeartBeam submits 510(k) application to FDA for ECG software Medical Device Network Former Cruise engineers launch AI-powered design software startup Hestus The Business Journals Plus expands from self-driving to software-defined ADAS Automotive World How a Free Software Strategy Catapulted DeepSeek to AI Stardom The Wall Street Journal Accelerating software that helps the helpers BetaKit - Canadian Startup News |
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