Leasing or purchasing a new car can be an expensive proposition and complex decision, especially when you have to weigh and consider all the myriad models, standard features, packages, and extras that are available. Now, if you have an unlimited budget and have decided on your model, I would say, "get it all". However, this is rarely the case with most car buyers and the same is true for buyers of investment system software applications. So, just as you would with any vehicle, you should take a new software application for a test drive before fully committing.
The investment your firm makes in conducting that test drive or proof of concept will save you some time, headaches, and potential disappointment down the road. During the proof of concept your firm will have the opportunity to affirm the following:
Once you have completed this exercise and have decided on the "build out" of your new software application, then the next question is, "should I lease or should I buy?"