Mark Sikaundi
August 24, 2024
For high-growth startups, time is the single most important resource. It's so important that months of delay in shipping SSO and SCIM can result in a potential revenue loss of $7.95M compared to using a pre-built solution. The ROI difference is staggering too: 9% for a homegrown solution vs. 1,954% for a pre-built one. This article explains the methodologies used to calculate these numbers. pending to add backlinks As the popularity of Software as a Service (SaaS) continues to grow, businesses are faced with the decision of whether to invest in pre-built solutions or develop their own homegrown SaaS platforms.
Both options have their advantages and disadvantages, making it essential for companies to carefully consider their unique needs and resources before making a decision.
Pre-built SaaS solutions, offered by companies like Salesforce, Microsoft, and Google, typically provide a wide range of features and functionalities right out of the box. These solutions are often more affordable and easier to implement, as they have already been tested and optimized for various industries.
On the other hand, homegrown SaaS platforms offer businesses the flexibility to tailor the software to their specific requirements. This can be particularly beneficial for companies with unique workflows or specialized processes that may not be catered to by pre-built solutions. However, developing a homegrown SaaS platform can be time-consuming, costly, and require specialized technical expertise.
Ultimately, the decision between homegrown and pre-built SaaS solutions will depend on factors such as budget, time constraints, and the level of customization required. It is important for businesses to thoroughly evaluate their options and consider consulting with industry experts before making a decision.