Buildi g i -house ca offe co t ol, customizatio , a d the ability to use existi g IT esou ces. But the i itial build is o ly pa t of the i vestme t. Ma y o ga izatio s f eque tly u de estimate the t ue fi a cial, ope atio al, a d st ategic costs of buildi g a d mai tai i g AI-powe ed fo ecasti g solutio s i te ally.
T easu y I tellige ce Solutio s (TIS), a leadi g cloud-based platfo m fo payme ts a d cash ma ageme t, exami ed the total cost of both app oaches ac oss th ee yea s i its ew whitepape , Buy vs. Build: The Real Cost of Buildi g AI-Powe ed Cash Fo ecasti g I -House.
New esea ch fou d that while buildi g may make se se fo some low-complexity o ga izatio s, the esou ce costs go up sig ifica tly as compa ies add e tities, ba ki g elatio ships, ERP systems, a d geog aphies. Each laye of t easu y tech ology b i gs additio al developme t, i teg atio , mai te a ce, a d tale t equi eme ts that ca d ive up the total cost of a i te al solutio .
The complexity of a o ga izatio ‘s co ectio s also affects how quickly they ca ealize value. Fo ma y compa ies, i te al builds took 9 to 24 mo ths depe di g o the e vi o me t.
“The questio is ‘t whethe o ga izatio s ca build AI-powe ed cash fo ecasti g capabilities. Ma y ca ,” said Cha les Be ett, Chief P oduct Office at TIS. “The mo e impo ta t questio is whethe mai tai i g that capability is the best use of t easu y, fi a ce, a d IT esou ces ove the lo g te m. This whitepape gives decisio -make s a f amewo k fo evaluati g that t adeoff with g eate cla ity a d co fide ce.”
Dow load the full whitepape he e. O ga izatio s that wa t to u de sta d the costs of buyi g ve sus buildi g with thei u ique systems ca also equest a pe so alized Cash Fo ecasti g demo.
To lea how TIS ca suppo t you AI-d ive cash fo ecasti g, equest a pe so alized cash fo ecasti g demo today.
Blai Romai
