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May 28, 2001 |
Vendor Selection: Beyond The Hype
These 7 criteria will help you choose the best application for your company--and estimate the cost, too
By Tony Kontzer (tkontzer@cmp.com)
hoosing a content-management vendor involves much more than a price comparison. While cost may be a driver in your final decision, other serious considerations should include how well a content-management package fits your company's content objectives, as well as the software's ability to integrate with existing applications.
Too often, however, companies are swayed by a vendor's market position, an impressive array of product features, a who's who list of customers, or even a flat-out great sales effort. In such cases, the end result will be a company with more content-management capabilities than it needs or wants. Thus, making the right decision can come down to looking beyond the hype.
"There are plenty of lower-end solutions that will do everything that's needed," says Jim Kreider, managing director at Guidance Solutions Inc., an E-business consulting firm that helps clients select content-management vendors.
When assisting with vendor selection, Kreider helps measure prospects based on the following criteria, with more detail sought as the number of vendors is reduced:
Once you whittle down the list of prospects, Kreider recommends becoming aware of potential hidden expenses. For instance, you may want to choose a vendor that distinguishes between content and delivery. Some vendors may require additional software licenses when a customer adds content-delivery servers due to increased traffic, thus adding long-term costs.
What should you expect to pay in the end? Here's what Guidance says companies should expect for a complete purchase and installation, by vendor. (Note that this list represents only a small fraction of content-management vendors.)
Less than $200,000
$200,000-$500,000
$500,001-$800,000
More than $800,000
Clearly, determining the right vendor is no easy process. The best rule of thumb, says Kreider, is to determine comfort levels--in terms of budget, the appropriateness of the technology, and the cultural fit--and try to strike a balance. "Basically, you want to pay as little as possible to get what you need."
Discuss this article: Are you feeling the pain of content-overwhelm, but afraid that the medicine is worse than the disease? Maybe, by sharing your experiences in the Listening Post, you can save someone from the pain you encountered. ![]()
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