A Guide to Switching Tech Vendors With Minimum Risk To Your Business

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Fixed Price vs Time and Material

You don’t sit down one day with your morning cup of joe and decide to call its quits with your current software vendor. Either there are red flags that have added up to the decision or your company has decided to transition maintenance to a new software company. Switching vendors is fraught with challenges, so obviously it is never taken lightly. After all, a successful project transition plan can take 2 to 3 months. The more complex the project is, the longer the transition time. Sometimes it might make more sense to scrap the existing project and start anew or find ways to repair your current relationship. Before making the call to move. Here are a few things to consider before putting  in place steps for a smooth transition.

Why do companies decide to change technology vendors?

There are numerous reasons when a transition becomes a necessity but we have come across these 7 common reasons why companies decide on a switch.

  • Companies want to switch from one tech stack to another based on new business strategies. Often the existing vendor does not have the technical skill sets to partner on this evolution.
  • Often cost impact is what makes a transition decision an imperative. For instance, vendor pricing transparency is non-existent and you get hit with bills