When it comes to financial software, Darwin has a point!

It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able to adapt to and to adjust best to the changing environment in which it finds itself. 

- Charles Darwin “Origin of Species, 4 May 2014

Here is how I see it. Going back 30 years, or more, we wrote bespoke business software to replace exactly what we did in our manual systems, faults and all. Then we came up with the idea of packages solutions, but we couldn’t bear to drop all those special processes so we customised the software, often to the point that it was unrecognisable! The problem was, once we had done this we had no chance of implementing the next release as we would have to do the customisation all over again! Fast forward to today, modern SaaS Financial Solutions focus on standardisation of processes with the option to configure rather than customise what they do. A much better approach but my question is should organisations be going further?

Back to Darwin. Organisations did, and still do, approach software purchase and implementation on the basis they will ‘adapt the software’, but if Darwin is right could it be that this is totally the wrong way round? In other words, should it be the organisation that adapts and adopts the way the software works? Think of the organisation as the species and the software as the environment.

Why does this, somewhat subtle, change in emphasis matter? Good financial software solutions are designed based on current best practice and end to end processes. What organisation would not want to adopt these best practices? The more they adopt the better their business practices will be, along with all the benefits these will deliver, like reduced implementation and operating costs and time, fewer mistakes and less risk to name a few.

The more we work with organisations implementing SaaS financial solutions the more I am convinced that we need a different mindset for the selection and implementation of these solutions. I suggest that organisations should apply the following three principles, at all times. 

These include:

  1.      Always adopt standard supplied software functionality
  2.      Question all configuration based on the principle ‘the business should adapt’
  3.      Where a workaround is required it should be based on standard functionality

From Brovanture’s experience we can clearly see the difference where organisations take this approach, in the success of their projects and the results they achieve. So, to bring us back to the beginning we think Darwin, a hundred years on, has a point. Organisations will be more successful when they adapt so they can adopt best practice SaaS financial software solutions.