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Consolidation and acquisition have emerged as prominent trends that are shaping the talent management market. With vendors gobbling up piecemeal solutions and offering lofty proclamations about how their new combined system is going to change the world of work, it's becoming increasingly difficult to sort the reality from the hype and go beyond the buzzwords. Savvy buyers know that piecing together different software solutions is never as easy as it sounds.
The biggest question of all for buyers might be: "Does your technology vendor provide a truly integrated solution or a post-M&A patchwork?" If the latter, then what does this "Frankenstein" approach mean for product and service delivery? Integrating multiple tools and technologies under the same platform is never easy. Converging and combining systems can take years. Even then, the final product is often a hotchpotch of different user interfaces and disparate data models, which diffuse customer support.
The lesson is simple: "buyer beware." That's why it's important for your organisation to ask the tough questions to find out what your vendors' current - and prospective - M&A activity really means for your talent management software. Here are some key questions to think about as you navigate the dynamic marketplace of HR technology:
The idea - and the power - behind organic (or "home-grown") software solutions is that the entire suite is developed over time by the same in-house team. From learning and performance to succession and compensation to enterprise social networking, there are plenty of reasons why organic matters when it comes to vendors - and to your business.
Implementing our organic approach provides you with:
Evaluating enterprise software means buyers must be vigilant about not only individual vendors, but also the trends shaping the talent management market. Looking under the bonnet means asking tough questions and doing enough due diligence to get the real story about potential software partners.
With so many vendors providing nothing more than a mishmash of products created from a flurry of purchasing activity, no matter what questions you ultimately ask, the answer should be clear. When it comes to getting the most out of talent management software, it pays to go organic.