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CMO COMPLIANCE™ versus Custom, In-House Solutions
(Toebreaker August 2008) |
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| Developing a custom solution in-house requires a
great deal of investment, company resources and management
time, and will imply high associated costs such as research
& development costs, building the IT infrastructure,
implementation & application costs, user training costs,
and host server & storage costs. The ongoing cost for
support, including software updates and maintenance,
is the most costly part of developing a custom solution
in-house, and according to Gartner, Inc., five years
of maintenance and support can result in costs as high
as, or higher than, the original license fees for software
products such as CMO COMPLIANCE™. |
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The price of CMO COMPLIANCE™, the Leading Audit, Risk & Compliance Software
solution, includes configuration, implementation, maintenance, support & training, and hence
enables organisations to significantly reduce costs associated with these aspects in
comparison to developing a custom solution in-house.
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CMO COMPLIANCE™ will add value instantly
to your organisation in terms of the complete solution
that it brings - something that would require a great
amount of resources/investment for organisations to
replicate.
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According to IBM, developing in-house custom solutions
can involve a high level of risk, since they are new
solutions and hence have not been previously tested,
making them more difficult to manage and typically will
not evolve with global best practise. |
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| The advantages of using CMO COMPLIANCE™
versus a custom solution include; |
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Lower ongoing costs - In the
long-term, CMO COMPLIANCE™ will prove
more cost effective as there are no research and
testing costs, no additional development costs,
no costs to update to new platforms and no extra
IT staff for maintenance and support. |
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Complete IT Support - According
to Gartner, Inc., two thirds of an organisation's
IT budget and time is spent on maintenance of infrastructure
and updating software systems. |
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Automatic upgrading - CMO
COMPLIANCE™ manages all software updates
and customers are provided with the latest updates
and versions. |
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Customer support - with IT
support staff based around the globe, CMO delivers
a high level of customer services around the clock,
ensuring the satisfaction of our clients worldwide.
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Configurable interface - Bespoke
software is in most cases difficult to modify and
the modification processes, even for minor modifications,
could take several weeks or even months to realise.
CMO COMPLIANCE™ allows clients to configure
the interface and modules of the software to best
suit the needs of the organisation, and modifications
can easily be made by anyone with authorization
and does not require any programming skills. |
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High level of user adoption
- Bespoke solutions can often be user-unfriendly
and result in usage difficulties for staff, thus
creating dissatisfaction and resistance to the new
software. CMO COMPLIANCE™ has an easy-to-use
interface that allows for a high level of user adoption.
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Security administration - with
CMO COMPLIANCE™, administrators can
tailor what data is to be accessible to certain
users and user groups, ensuring that users can only
view data that they are authorized to. |
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