Build vs. Buy Software: Tailor-made or off-the-shelf?

The basic expectation is that a software solution will improve the way your business operates, having a positive knock-on effect on your profits. Moving past that essential point, the biggest decision you are likely to face from the outset is whether to invest in a custom-fit software tailored to your business or whether to purchase a prebuilt off-the-shelf solution.

Both options come with pros and cons; a thorough understanding of the needs and resources of your lending business is crucial in finding the best fit for you.