Trade-offsCost, speed, control and continuity
Compare the complete software lifecycle rather than one number or one feature.
Cost
Compare what each route includes.
Building can involve design, development, testing, hosting and ongoing maintenance.
Buying can involve the product itself, configuration, integration and ongoing use.
The useful comparison is the complete route to the same required outcome.
Speed
Timing depends on the requirements.
An existing product may reduce the amount of software that needs to be created.
A custom build may require more development work but can focus directly on the agreed requirements.
Control
Building gives the employer more direct influence over what is developed and how the product evolves.
Buying means some product decisions remain with the software provider.
Choose the level of control that fits the business need.
Continuity
Both routes need ongoing ownership.
Custom software needs maintenance and technical knowledge.
Bought software needs administration, vendor management and attention to product changes, integrations and internal adoption.