How to select a software?

Software selection should follow a strict, compliant, and verifiable process.

The duration depends on the process, system, and geographical scope. You should not spend more than 6 weeks to 3 months on software selection.

The 4-step process for software selection looks like this:

1. Business requirements catalogue and longlist
2. RfI process and shorlist
3. RfP process, fit-gap analysis, and scenario modeling, including business case creation
4. Recommendation and decision

Followed by contract negotiation and signature.

What are best practices?

The business requirements catalog should contain

• Legal and regulatory requirements, e.g., E-Invoicing, DORA in terms of Financial Services,
• Requirements that are mapped differently in different software packages.

Banal requirements, such as it must be possible to create a customer, should not be considered.

The shortlist should not contain more than 4 providers.

The scenarios should not be modeled based on more than 6 criteria, namely coverage of the required functionality, extensibility, integrability, costs, risks, and usability.

The business case should include benefits.

How we can help

• Adhering to a strict, compliant, and verifiable process
• Providing a requirements catalog with requirements, legal and regulatory specifications, from which requirements are selected, but not defined from scratch
• Providing accelerators and templates, e.g., RfI and RfP documents, business case, and many more that need to be adapted, but not created from scratch
• Carrying out a fit-gap analysis
• Providing a benefits catalog from which the benefits are selected

Can you do this yourself?

Yes, but with us you will be faster, more effective, and more cost-effective.

What are the 𝗸𝗲𝘆 𝗳𝗮𝗰𝘁𝗼𝗿𝘀 for 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻𝘀?

NORDA Advisory research reveals 21 key factors that have a high, medium, or low impact on the success of business transformations.

The 21 key factors can be grouped into the following categories:

1️⃣ Organization

2️⃣ People

3️⃣ Selection process

4️⃣ Methods, templates, and tools

5️⃣ Planning and status reporting

What are the key factors in detail?

1️⃣ Organization

1. Leverage strengths of the organization and culture.
2. Ensure that vision, goals and objectives, strategic directions, approach, and speed of change fit to the organization and culture.
3. Involve C-level/ Senior Management.
4. Ensure support by becoming part of
   the Steering Committee.

2️⃣ People

5. Establish a diversified team.
6. Select resources who have the relevant experience and expertise, competencies, and skills.
7. Estimate availability realistically. Hire back-fills.
8. Trust in people. Empower
9. Reinforce collaboration. Build an effective

3️⃣ Selection process

10. Do not rush when making decisions. Let it ripen.
11. Don‘t by cheap. “Buy cheap, buy twice.”
12. Hire experts.
13. Do not do “Jugend forscht”. A business transformation is not the place for scientific research.

4️⃣ Methods, templates, and tools

14. Benefit from a coherent, proven, and upfront aligned set of accelerators, best practices, methods, templates, and tools – throughout all project phases.
15. Never change templates throughout the course of the project.
16. Implement a proven technology platform.

5️⃣ Planning and status reporting

17. Align on a clear and reasonable scope. Reduce complexity.
18. Align on a realistic timeline. There are public holidays, vacations, and sick leaves. Plan buffer.
19. Project planning should consist of critical path, milestones, quality gates and criteria as well as point-of-no-return.
20. Perform status reporting honestly, including issues and risks. Mitigate
21. Steer, govern and control. Replan if required. If the project is in tilt, maybe this means weekly. Worst case is to let run.

𝗗𝗼 𝘆𝗼𝘂 𝗳𝗮𝗰𝗲 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀?

Do you want to start your business transformation? Send me a direct message (DM) to discuss the options.

How we can help

Do you face the same challenges?

Send us a direct message (DM) to discuss the options.