Point Solution vs Platform Solution: Understanding the Differences
Point Solution vs Platform Solution? When it comes to process automation, businesses face an important decision.
When they are looking to solve a problem or task, should they aim for a short-term, one-time fix or invest in a platform that will be a bigger initial investment but will enable scalability in the longer term?
Understanding the differences between a point solution (shorter-term fix) and a platform solution (longer-term) can help you choose your automation strategy and journey.
What is a Point Solution?
In simple terms, a point solution is designed to address a specific pain point, problem, or task.
On the plus side, it’s quick and straightforward to implement, where only a small amount of technical help is required. In short, it usually offers a cost-effective approach that delivers fast results.
For example, a point solution could automate invoice processing for a finance team or streamline data entry for operations.
A point solution does have its limitations, though; it is less scalable, so be sure to check how well it will integrate with your other systems.
Point solutions are particularly useful for small businesses or teams with limited budgets and immediate challenges to solve. However, as a business, becoming reliant on multiple point solutions can lead to inefficiencies, such as disjointed systems.
What is a Platform Solution?
A platform solution is a more complex system designed to automate multiple processes across a business. The biggest plus to a platform solution is that it enables companies to manage, scale, and optimise their automation efforts, supporting long-term growth.
Another bonus for businesses looking to implement a platform solution is that it offers robust analytics and reporting – which will be great for the outlook of the company or organisation.
One thing to remember for implementation is that deploying requires more time and resources. While they require a higher upfront investment, the benefits of scalability, integration, and holistic analytics often outweigh the initial costs.
Point Solution vs. Platform Solution: Making the Right Choice
Choosing between a point solution and a platform solution depends on several factors:
- Immediate Needs: If you’re solving a single problem quickly, a point solution may be sufficient.
- Long-Term Goals: A platform solution provides a solid foundation for businesses planning to scale their automation efforts.
- Budget: Point solutions are cost-effective in the short term, while platform solutions offer more significant ROI over time.
- Complexity: Consider whether your processes require simple fixes or end-to-end automation across departments.
Telic’s Expert Support
Whichever solution you choose, Telic can provide the support and train your staff on the system and its capabilities.
The company works with trusted technical suppliers with years of experience and development, so the team will know the right solution for your specific needs, whether tackling a single process or automating across the whole business.
Conclusion
Both point solutions and platform solutions have their place in process automation. The key is understanding your organisation’s needs and long-term goals. Whether you start small or aim big, the right approach can transform your operations, save time, and drive growth.