Digital transformation efforts have accelerated across the majority of industries and remote working made it apparent that legacy systems were no longer up to the task. The cloud resolves many of these issues by offering improved flexibility, manageability, and a rapid ROI. However, many enterprises aren’t aware of the significant differences between acquiring a new cloud solution and purchasing traditional on-premise software.
The major contrast between the two is that while the former is delivered as a service and purchased as a term contract, usually over a period of three years or more, traditional on-premise software often involves the one-time outright purchase of software. Irrespective of the size of the software being procured, there are four key steps that organisations must follow when it comes to purchasing cloud software.