The Perils Of Not Utilizing Open-Source Software For E-Procurement
E PROCUREMENT OPEN SOURCE
In the modernized, tech-savvy world, almost all industries have come to rely on software solutions, and e-procurement is no exception. Using source-to-pay software decisions is essential for organizations wishing to remain competitive and efficient. Open-source software has become popular, go-to option for many organizations; however, opting for other software solutions can leave companies, especially those with limited funds, vulnerable to certain risks. Especially for C-level executives, understanding the associated dangers of going without open-source software allows executives to make more informed decisions.
When companies opt for closed-source software rather than open-source software, they may reduce upfront costs, as licenses for closed-source software may be cheaper than open-source software. Additionally, intellectual property related to the software is protected, as the company can limit access to the particular code needed to maintain and implement the software. However, closed-source software can also pose some significant limitations which should be considered before investing in this software option.
Firstly, there?s the lack of control which companies face when using closed-source software. Companies can?t view or adjust the code to meet the needs of their operations, thus they remain dependent on the software publisher and have almost no control over the technical side of the software. Other issues including cost, slow bug fixes, increased integration problems, and frequent updates can result in added financial strain on the company. Typically, companies would need to pay fees to attain the proper licenses and support in order for the software to remain up to date, as well as for any bug fixes and updates.
On the other hand, open-source software is free, so companies would not need to worry about acquiring licenses or adjusting infrastructure costs. Furthermore, updates and upgrades of open-source software are provided by the contributing open-source network, so it doesn?t require companies to continually use the resources of the software publisher. This provides them not only peace of mind but also the opportunity to maintain their software at lower costs and customize the software to meet their own organizational needs. Companies are also able to access the software?s source code by contributing or downloading it, allowing them to test and fix bugs and add features. Plus, any attempts by external hackers to exploit weaknesses in the source code can be quickly addressed by the open-source network.
Ultimately, weighing the risks of utilizing closed-source software instead of open-source software is an essential part of C-level executive?s decision making process. As with all facets of digital transformation, an organizations choice of software must be considered carefully and thoughtfully in order to ensure an ideal return on investment.
