Wednesday 8 December 2010

Brokers - Why use software houses?

We have read with interest various articles and adverts about software houses offering brokers their very expansive takes on what brokers need to run their businesses.



Naturally it would have to be their particular piece of software that answers all the problems a broker faces, however the truth of the matter is very few of them have the answers to what a particular independent broker needs for their own personal business requirements more that the broker has to adapt their process to the software being offered, in other words we have to conform to what they think is best for us.



When you add it all up, how much real value do you get for your money by putting your whole business in one suppliers hands having to pay them a lump sum/monthly payments, licence fees and upgrades with little chance (without major disruption) of moving very easily to another supplier.



The more serious long term side or even maybe dark side for the small to medium size brokers, is some of those software houses are owned by other brokers waiting to filter you into their ideology.



“Do it yourself”, it isn’t that hard with a good IT consultant you could have far better investment and could be cheaper long term. It will give you the freedom to build something that suits your bespoke business without having to put your hand up to say “can I” to the software house.



“Just a thought to fellow brokers”.

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