One of the fundamental questions facing CFOs in small and medium-sized organizations is whether to select a ‘best-of-breed’ solution or a software suite as they look to improve the technology foundation for their processes.

Determining the tradeoffs associated with these two options has never been more critical because of today’s increasingly challenging business environment, and the need for organizations to take advantage of more user-friendly applications that also offer unprecedented functionality.

A new generation of innovative Software-as-a-Service (SaaS) applications with more robust APIs is making it easier to tie together multiple best-of-breed SaaS solutions to match the broad functionality promised by suites delivered by independent software vendors (ISVs) of the past and current-day SaaS vendors.

Adopting a best-of-breed approach not only gives a CFO access to deeper functional capabilities, it enables the CFO to rollout the functionality more quickly at a lower cost with less risk. Given these advantages, it is not surprising that the number of successful CFOs choosing best-of-breed SaaS solutions to meet their escalating business needs is accelerating.

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