Ten tips when engaging with a software company

It is well known that the successful purchase and implementation of strategic software solutions is challenging to achieve.  A 2012 study conducted by the University of Oxford and McKinsey found that, on average, the large IT projects they studied ran 45 percent over budget and “software projects [ran] the highest risk of cost and schedule overruns. 

With this in mind, and with so much focus on innovation within the sector, we have collaborated with the law firm Browne Jacobson (a top-ranking full-service insurance practice, who regularly advise on technology and outsourcing issues within the sector) to prepare a list of 10 tips to help MGAs procure software successfully and avoid some of the common pitfalls that may arise.