Vendor Evaluation Service

Enterprise Performance Management

Find the right solution and EPM/CPM vendor for your organization

Why evaluate possible vendors?

Before committing to a vendor, it is important to consider the direction a vendor is taking their product (i.e. their product roadmap) and how they are spending their research and development resources over time. Take a look below to see the process.

Common Pain-Points

When evaluating an EPM/CPM software, many organizations face common hurdles when selecting new software. These can include:

Unhappy Stakeholders - The solution selected may fail to meet the requirements of all stakeholders involved
Paying too much - Excessive costs that could be avoided by negotiating for better pricing from the vendor
Inaccurate Representation - Vendors often demo an array of special features which in practice don’t work as expected or require expensive customizations and additional costs.

*See our resource and connect with us to discuss other common hurdles

Host an EPM Solution

SaaS

SaaS (Software as a Service) solutions offer services hosted on the cloud with subscription-based access. This is the current industry trend for EPM tools.

On-Prem

On-Prem(ises) solutions are hosted and managed on physical servers within your organization. This is no longer popular among vendors.

IT teams are required for maintaining system
Scaling requires long-term planning and commitment
Time, hardware/software, & personnel required for new implementation
Manual upgrades are expensive and time-consuming
High entry and operations costs

Awareness

Define the selection process, Understand marketplace trends

Elicitation

Validate business case, Assess Business Impact, Establish Key Success Metrics

Evaluation

Establish criteria for comparison of vendor capabilities

Selection

Create weighted selection model, Validate key issues with technical assessments and reference checks

Negotiation

Initiate price negotiation with vendors, Finalize budget approval and project implementation

Awareness

Define the selection process, Understand marketplace trends

Elicitation

Validate business case, Assess Business Impact, Establish Key Success Metrics

Evaluation

Establish criteria for comparison of vendor capabilities

Selection

Create weighted selection model, Validate key issues with technical assessments and reference checks

Negotiation

Initiate price negotiation with vendors, Finalize budget approval and project implementation

Phased Vendor
Selection Approach

Take a look at our Phased Approach which makes the end-to-end vendor selection process easy for you.

Rapid Selection using ProLytics' refined methodology

Accelerated Evaluation Process

Phase 1

Awareness

Save time duplicating existing market research. Maintain alignment with focus groups.

Phase 2

Elicitation

Save time gathering detailed historical requirements and focus on key issues.

Phase 3

Evaluation

Use your time to validate how the solution will handle mission-critical requirements.

Phase 4

Selection

Save time across tedious demos and understand the marketplace.

Phase 5

Negotiation

Spend time negotiating with viable alternatives to reduce the price by up to 50%.

Don't choose a vendor alone

With our experience working with several EPM vendors, we have in-depth knowledge of the special features you may need or hidden costs that you are not aware of.

Our goal at ProLytics is to help businesses grow and find areas of opportunities. Work with our team today and be assured that we will create the best plan of action for your EPM solution.