Top 48 Medical Transcription Software (Jan 2024)

2023's Best 49 Medical Transcription Systems

Shlomi LaviShlomi Lavi / Jan 19, 2024

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1. OvernightScribe

  • Best for: Small, medium and large size businesses
  • Price: starts at $10 per month
  • Apr 05, 2022
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Highlights include intuitive dictation app (iOS & Android), embeddable Widget, API level access, multi-format file export, highest quality service and excellent support. OvernightScribe has been providing outstanding medical transcription service, serving physicians nationwide with intuitive clin...

2. HIPAAsuite

  • Best for: Small, medium and large size businesses
  • Price: starts at $1,200 per month
  • Jun 07, 2022
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HIPAAsuite was created in 2001 to provide secure and affordable HIPAA EDI solutions for organizations within the healthcare industry. It all started with the HIPAA Claim Printer, a tool to print or display EDI claims as HCFA-1500 or UB92 claim forms. Today our company offers an entire suite of...

3. Transcribe

  • Best for: Small, medium and large size businesses
  • Price: starts at $20 per year
  • Jun 07, 2022
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Transcribe saves thousands of hours every month in transcription time for journalists, lawyers, podcasters, students and professional transcriptionists all over the world.

4. VoiceboxMD

  • Best for: Small, medium and large size businesses
  • Price: starts at $49 per month
  • Jun 27, 2022
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VocieboxMD is HIPAA compliant by employing secure encryption methods throughout the work flow.

5. NuScribe

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 14, 2022
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NuScribe is the fastest and easiest speech recognition based medical documentation system online that takes advantage of the latest-model PCs with a high-speed internet connection.

6. M*Modal Fluency for Transcription

  • Best for: Small, medium and large size businesses
  • Price:
  • Sep 18, 2023
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Designed to create time to care, our cloud-native, AI-powered solutions transform physician-patient relationships by making it easier and faster for doctors to capture and improve the complete patient story, and by delivering context-specific clinical intelligence when it is needed most – at the poi...

7. ezVoiceCapture

  • Best for: Small, medium and large size businesses
  • Price: starts at $50 per user/month
  • Nov 01, 2022
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Mediscribes is the leading medical transcription services provider in the United States. With state-of-the art, HIPAA compliant, Cloud-based technology and unmatched customer service, our transcription solutions are used in healthcare organizations of every size and shape.

8. InfraWare 360

  • Best for: Small, medium and large size businesses
  • Price:
  • Nov 01, 2022
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IW360 Documentation Platform integrates IWs patented speech recognition software, First Draft, delivering efficiency throughout your workflow. InfraWare Scribe Service is available to provide the final document versions discreetly within your EHR.

9. DeepScribe

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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DeepScribe is an AI-powered medical scribe platform that automates medical note-taking for clinicians. It is designed to simplify workflows and empower clinicians with the tools they need to regain control over documentation. The platform is fast, accurate, scalable, and secure.

10. Amazon Transcribe Medical

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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Amazon Transcribe Medical is an automatic speech recognition (ASR) service that makes it easy for you to add medical speech-to-text capabilities to your voice-enabled applications. It is designed for medical professionals who want to transcribe medical-related speech, such as physician-dictated note...

Pricing Guide - Medical Transcription Software:

Medical Transcription Software Pricing

Health facilities can get medical transcription products between the range of $0 to $100, although some products with more features may cost as high as $1000. Prices are usually set based on the number of users or the number of transcriptions per minute.

However, some medical transcription software gives users the option to buy perpetual licenses with a one-time fee. For instance, Smartype is priced at $120 per user license; Express Scribe perpetual license costs $40 per user, and Phrase Expander costs $120 per user license.

Furthermore, the price for some other medical transcription software can also vary based on the size of the organization using the software.

  • Small hospitals or medical facilities can expect to pay less than $10 for medical transcription software based on transcription time. For example, ZyDoc SpeechDoc pricing goes for $0.10 per 65 keystroke line; The FTW Transcriber pricing is $1 per usage. Furthermore, REV cost price is $0.25 per minute for automated transcription and $1.25 per minute for manual transcription.
  • Medium-sized clinics or hospitals can get medical transcription software between the range of $10 to $100 per user per month. For instance, Dragon Anywhere pricing is fixed at $15 per user monthly, while is priced around $99 per user per month.
  • Large-sized medical facilities can expect to pay within the range of $150 to $1,000 for medical transcription software. Worthy to note, the prices for bulk plans are usually based on a time of set transcription allowed per plan or per user. For example, ClickTate is priced at $229 per user monthly; Intelligent Medical Software cost price goes for $199 per month; BayScribe is priced at $1,000 per month.
  • Some medical transcription software have plans which users can use for free these plans are usually limited feature-wise and are only ideal for test-running. For example, Transcription Service, Sonix, and Sound Transcription all have free plans.
  • Medical Transcription desktop app for Windows OS users mostly have perpetual licenses and are priced between $20 to $100. For example, Express Scribe costs a one-time fee of $40 per user while Hyper Type costs $20 per user license.
  • There are not many medical transcription software available as Android apps, but the few ones fall below the price of $250 per license. An example is Dragon Recognition Speech which costs a one-time fee of $199 per license.
  • Medical Transcription software that are fully web-based have disparate price points. For example, CLIN1 Medical Transcription costs $30,000 for a license with unlimited users and with full features, while Overnight Scribe pricing begins at $10 per month.

11. Augmedix

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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Augmedix is a healthcare technology company that provides medical documentation services to healthcare systems, physician practices, and hospitals. The company mission is to put the clinician-patient relationship front and center by delivering industry-leading, ambient medical documentation products...

12. eCareNotes Transcription Service

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price: starts at $75 per month
  • Jan 19, 2024
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eCareNotes Transcription Service is a cloud-based medical transcription and coding service that provides on-demand speech recognition software to healthcare providers. The service is designed to help medical professionals streamline their documentation process and improve the accuracy of their medic...

13. Greenway Speech

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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Greenway Speech is an innovative cloud-based dictation solution offered by Greenway Health. It is designed to help healthcare professionals record clinical documentation more efficiently and accurately while minimizing click fatigue. Greenway Speech is suitable for a wide range of healthcare provide...

14. Accuro Voice

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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Accuro Voice is a voice recognition software developed by Accuro EMR. It is designed to reduce documentation time and increase productivity for medical practitioners by allowing them to speak their notes directly into the Accuro EMR software. This innovative technology transfers voice to text in rea...

15. Corti

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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Corti is an artificial intelligence company that has developed a voice-based platform for analyzing patient interviews. It is designed to assist healthcare providers in making faster and more accurate decisions during medical consultations. The company was established in 2016 and is headquartered in...

16. CLIN1 Transcription

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price: starts at $30,000 per license
  • Jan 19, 2024
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CLIN1 Transcription is a fully integrated transcription system tied directly to your patient clinical database. It is designed to streamline the process of converting spoken medical notes into written text, making it easier for healthcare professionals to manage and access patient information.

17. Fusion Narrate

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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Dolbey Fusion Narrate is a cloud-based speech recognition solution designed for flexibility, ease of use, and compatibility with medical software. It is primarily targeted towards healthcare professionals who want to streamline their workflows and reduce the time spent on the computer.

18. ezMediscribes

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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ezMediscribes is a medical transcription platform that provides benefits to hospitals, health systems, clinics, and physician groups. It was established in 2004 and is headquartered in Louisville, Kentucky, United States of America. The company has been providing complete, end-to-end medical transcr...

19. iScribeHealth

  • Best for: Small, medium and large size businesses
  • Price:
  • Jan 19, 2024
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iScribeHealth is a powerful tool that significantly reduces the administrative burden on physicians. It is a mobile app that fully integrates with your existing EHR platform in order to streamline medical documentation and restore an authentic physician-patient relationship. The company was establis...

20. Mari

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price:
  • Jan 19, 2024
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Mari is a revolutionary AI-powered medical scribe that has been designed to help healthcare professionals in the United States. It is a game-changing solution that has transformed the way doctors and nurses work, making their lives easier and more efficient. Mari is designed for healthcare profes...

21. Lyrebird Health

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price: starts at $7 per user/day
  • Jan 19, 2024
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Lyrebird Health is a company that is revolutionizing medical scribing with AI. It offers a healthcare system designed to automate all non-patient-facing tasks for clinicians. The company’s platform automatically generates patient notes, referral letters, and medical reports in seconds. This allows h...

22. MedRite XL

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price:
  • Jan 19, 2024
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MedRite XL is a comprehensive and modular network solution developed by Crescendo Systems. It is designed to cater to the specific needs of the healthcare environment, from transcription to report distribution. The software consists of components specifically geared toward the transcriptionist and t...

23. Mobius Scribe

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price:
  • Jan 19, 2024
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Mobius Scribe is a next-generation dictation system developed by Mobius MD. It is designed to provide reliable speech-to-text medical dictation with the help of deep learning/neural net technology. The system is tailored to the intricacies of medical speech and is constantly updated to ensure accura...

24. Quikscribe Medical Dictation and Transcription

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price:
  • Jan 19, 2024
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Quikscribe Medical Dictation and Transcription is a digital dictation and transcription software system that is specifically designed for professional environments in legal, medical, educational, and business communities. It is a highly advanced system that is used to record medical information from...

25. Scribeberry

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price: starts at $99 per month
  • Jan 19, 2024
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Scribeberry is a medical AI scribe and charting app that provides advanced dictation, audio, and text-based information generation technologies for health professionals. It is a privacy and regulatory-compliant tool that is trusted by over 2,000 physicians, nurse practitioners, and allied health pro...

26. Smartype

  • Best for: Small Practice, Medium Practice, Large Practice
  • Price: starts at $120 per license
  • Sep 25, 2023
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Smartype was the world first predictive typing system, which is also known as automated word completion. It was invented by Joe and Maria Weber. Patent filed in 1990; awarded in 1994. That invention was recognized as one of the 56 most important innovations to come out of Massachusetts, along wit...

27. Sonix

  • Best for: SMBs
  • Price: starts at $22 per user/month
  • Mar 27, 2022
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We believe that communication is the most important building block for society. It is the foundation of all human relationships. Communication comes in many forms, but we believe that telling stories is the best way to convey a message. Stories have life to them. They influence, they inspire, the...

28. Sound Transcription

  • Best for: Small, medium and large size businesses
  • Price: starts at $0.10 per minute
  • Mar 22, 2022
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Transcription software for automated audio and video transcription, delivered to your inbox in minutes.

29. Practice Perfect: Outpatient CDI Solution

  • Best for: Small, medium and large size businesses
  • Price:
  • May 23, 2022
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PracticePerfect™ is the industry first and most advanced outpatient clinical documentation improvement solution. With dedicated workflow for risk adjustment, HCC capture and quality measures, PracticePerfect™ makes outpatient clinical documentation improvement fast, easy and efficient. PracticePerfe...

30. Suki

  • Best for: Small, medium and large size businesses
  • Price: starts at $199 per user/month
  • Feb 02, 2022
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Suki is an AI-powered, voice-enabled digital assistant for doctors. We want to give our users superpowers to make them happier and more productive while solving some of the biggest problems in healthcare.

31. INVOX Medical

  • Best for: Small, medium and large size businesses
  • Price: starts at $35 per month
  • Feb 26, 2022
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The most intuitive voice dictation program on the market. Convenient and instant audio to text transcription .

32. Surgical Notes

  • Best for: Small, medium and large size businesses
  • Price:
  • Feb 26, 2022
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Surgical Notes is dedicated to providing best-in-class revenue cycle solutions for the ambulatory surgery center industry. By integrating Surgical Notes suite of products and services, ASCs have access to an enterprise revenue cycle solution designed to maximize profitability, physician disbursement...

33. Winscribe Text

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 03, 2022
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Get smart about the way your organization approaches administration. Every minute they spend on paperwork, data entry, or documentation is one they do not spend on work that adds value to your organization. Give professionals more time with fast, easy, and secure documentation solutions.

34. Express Scribe

  • Best for: Small, medium and large size businesses
  • Price: starts at $50 per license
  • Mar 07, 2022
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This audio editing software is a full-featured professional audio and music editor for Windows and Mac. It lets you record and edit music, voice and other audio recordings. When editing audio files, you can cut, copy and paste parts of recordings, and then add effects like echo, amplification and no...

35. EMR-Bear

  • Best for: Small, medium and large size businesses
  • Price:
  • Apr 05, 2022
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EMR-Bear is a Web-based electronic health record service designed specifically by, and for, behavioral health organizations. Every feature and functionality built into EMR-Bear has been carefully designed to ensure the highest quality of data integrity and usability. Our goal is to not only uphold...

36. Medical Transcription

  • Best for: Small, medium and large size businesses
  • Price: starts at $1 per minute
  • Apr 06, 2022
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Totalmed Transcription is one of the leading medical transcription outsourcing companies in India since 1999. Totalmed Transcription has been providing high quality medical transcription services online at affordable prices. We assist nursing homes, single doctor clinics, large group of physicians, ...

37. Samantha The EHR Virtual Assistant

  • Best for: Small, medium and large size businesses
  • Price:
  • Apr 11, 2022
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Samantha is certified by the EHRs she supports with seamless integration into all sections, fields and structured data requirements of the EHR. You can check us out on their websites by clicking on the logo below.

38. PhraseExpander

  • Best for: Small, medium and large size businesses
  • Price: starts at $79 per license
  • Apr 12, 2022
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Pull up customizable templates that you can edit very quickly, thanks to our input forms. This will prevent you from making embarrassing mistakes, and inadvertently sharing confidential information – which often happens when copying, pasting and then editing an existing note.

39. The FTW Transcriber

  • Best for: Small, medium and large size businesses
  • Price: starts at $1 per month
  • Apr 12, 2022
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We offer a range of products, out of the box or bespoke, to boost your efficiency and profitability. All can be configured or customized to suit your company working methods.

40. SpeechMotion

  • Best for: Small, medium and large size businesses
  • Price:
  • Apr 14, 2022
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Solving common documentation issues, like lowering costs and integrating workflows, begins with choosing a solution designed to meet your evolving needs.

41. WaveScribe TSP

  • Best for: Small, medium and large size businesses
  • Price: starts at $69.85 per month
  • Apr 14, 2022
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Create, manage and grow your organizations library of files and media. Dictated content, videos, text, scanned files and other digital content can go with you anywhere!

42. VoiceSys

  • Best for: Small, medium and large size businesses
  • Price:
  • Apr 26, 2022
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We are revamping our portfolio beyond commoditized IT services and are making purposeful investments to rapidly scale our proven offerings to help clients reduce costs and increase agility and business effectiveness. We fine-tune how we allocate and deploy resources in each project and craft new str...

43. The Dictation Source

  • Best for: Small, medium and large size businesses
  • Price:
  • May 10, 2022
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The Dictation Source Provides Hyper-Accelerated, Accurate Clinical Documentation through an Advanced Platform that Deploys Automation. A Qualified Staff, Trained in all Specialties, Enables us to Provide you with the Most Cost Effective and Accurate Output.

44. Dragon NaturallySpeaking Premium 13.0

  • Best for: Small, medium and large size businesses
  • Price: starts at $172.84 per license
  • May 17, 2022
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Dragon NaturallySpeaking Premium 13.0 is a growing cloud-based Medical, EMR-EHR software, it is designed to support small, medium and large size medical practices and hospitals. Dragon NaturallySpeaking Premium 13.0 received a rating of 3.6 from ITQlick team. The software cost is considered average ...

45. BayScribe

  • Best for: Medium and large size businesses
  • Price: starts at $1,000 per month
  • Nov 28, 2022
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BayScribe is a web based clinical documentation solution for medical practices and businesses of all types. It features dictation and transcription solutions and improves efficiency through the continuum of care. The software was designed and launched by Records One headquartered in Flor...

46. Fusion SpeechEMR

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 25, 2022
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Fusion SpeechEMR is a cloud-based as well as on-premise medical transcription solution that has been uniquely crafted to assist physicians to utilize speech recognition within any EMR or third party software. With the software, the user can be able to easily convert his/her speech into text and not ...

47. Enterprise Platform

  • Best for: Medium and large size businesses
  • Price: starts at $15,000 per license
  • Sep 20, 2019
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Nuxeo Platform is a content management platform designed by developers for developers to create business applications easily. The content repository of this solution offers query, conversion, versioning, persistence, access control and all the common library services that users usually expec...

48. ChartNet Transcription

  • Best for: Small, medium and large size businesses
  • Price:
  • Nov 02, 2022
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A flexible system for medical transcription designed to handle the requirements of Medical Records, Radiology, Cardiology, Pathology, and all other types of medical transcription. It offers remote transcription, auto-faxing, electronic signature, powerful report distribution options, and many other ...

A Buyer's Guide to Business Software Solutions

How to Evaluate and Buy Business Software
If you’re somehow puzzled if this article is only for a specific size of business, no, it’s not. This is for you SMEs, MNEs and start-ups software buyers. Also, we’re not talking about a specific software solution here. Whether the software solution that you’re planning to buy is for Accounting, Business Intelligence, ERP, CRM, Help Desk, Maintenance Management or other types of application, one thing is for sure; with the help of this article, you will be able to know the right process in evaluating and buying a business software solution.
We’ve been into the software business for years and we’re seeing a lot of nitty-gritty things that often bring confusions and hesitations to many companies looking for better software solutions. Some companies can’t afford to let go their legacy systems while a few is encountering technological snags once the new system is in place. While this is the underlying truth behind software acquisition and implementation, what’s exciting about buying a business software solution is that there is a clear and obvious proof that thousands of companies and corporations today are happy with the benefits this technology is bringing into their respective businesses.  There is a significant increase in their revenue and the growth is on-going. And it’s easy to say; many from the Fortune 500 companies are making a lot of money because of their smartly-acquired business software.
So, let’s get straight to the point. What should you do in order to acquire that business software that could make your organization achieve its goals? The answer to this is pretty straightforward: evaluate and buy that right business software. Yes, that’s what you need to do and here’s the best manual from that could certainly help you in doing that strategically.
Consider the Needs of Your Organization
Let’s assume that at this point, the entire management team agreed that you are ready to invest on a certain software application. The budget has been compromised and the key persons who will be involved in the acquisition process were already identified. Therefore, it’s time to approach things the project management way.
Define the Project
Every business software solution is categorized base on application type, features, deployment model, market size and pricing model. Remember that our objective here is to evaluate and buy a business software product that will fit into the size and present needs of your business. So what the project management team should try to deal with first is to define the real requirements of your business exactly base on the categories set by the software industry. Moreover, by doing this activity, you are already narrowing down your search for the right solution. Now, consider bringing this list of FAQs to the project management and aim to come up with clear-cut answers.
  1. What type of software is needed? Is it Integrated-Suite, Best-of-Breed or Industry-Specific? Ask your CEO’s main agenda and find the perfect match from these available options.
  2. What are the core and secondary features? Are you looking for basic, advanced or hi-end features? List down the specific features per category and allow the department managers and supervisors to give their insights on this list.
  3. How are you going to deploy the system? Would it be on-premise, cloud-based, hosted, or mobile-based? Weigh these options with the help of your CIO.
  4. Are you going for Tier 1, Tier 2 or Tier 3 vendors? Their offered solutions are base on the size of their target market - SMEs, MNEs or start-ups. Seek your CFO’s advice as it is important to match your financial capacity against the cost of the solution that the providers have for you.
  5. Are you willing to pay for the perpetuity software license or a subscription-based solution is way better? How many users are there and what would be their roles in using the system? Solicit feedbacks from future end users for they know better what challenges and risks might possibly come along their way when they’re using the system.
Finalize the BOM or List of Requirements
After providing definite answers on the above questions, we can say that the project has already been defined. Your procurement team is now ready to do their role in the acquisition process of this solution. However, in order for them to execute their job properly, they must have the complete list of requirements - features, specifications, hardware, and the software product. In other words, the Bill-of-Materials (BOM) that is final, complete and well-prepared must be handed over to the procurement director. Needless to say, it is very important that everybody is following the company purchasing and procurement protocols at all times.  
Request for Proposal (RFP)
The RFP process will bring everything into formality. Since you’re more likely in a line of business that doesn’t regularly buy software products, it is of critical importance that your RFP is well-structured before you send it to your prospect solution providers.
Draft the RFP
An RFP that contains all the relevant information as discussed during the project management meetings will enable the providers to return back to you their proposal that is complete and substantial. Therefore, your RFP should basically contain the following:
Brief Introduction
  • Company Name
  • Mission and Goals
  • Purpose of the RFP (or the need for software solution)
Business Background
  • Organizational Structure
  • Current Situation (IT infrastructure, system currently in-use, system issues and desired solutions, etc.)
  • Major Objectives of the Software Purchase
Request for Specific Requirements
  • Solution Functionality
  • System Specifications
  • Vendor Company Information
  • Price Model, Service Plans, Package Options
Other Important Inquiries (if necessary)
Send the RFP
Well-structured RFP will bring a lot of advantages especially when the proposals from various providers are received and then subjected for review and analysis. Send your RFP to at least three to five providers (or prospects which you have already shortlisted during the project definition phase). Depending on the complexity of the solution, most vendors will send their proposal in a matter of time, which could be around 4 to 6 weeks for Integrated-Suite solution.
Why still send RFP?
Is there really a need for RFP if your preferred solution (like cloud-based) and the service plans or packages are already displayed on the vendor’s website? Well, yes, you still need to undergo the RFP process. For most sales people, they certainly know that those figures appearing in the vendor’s website are usually the “list price” and not the “actual price”. More importantly, the vendor’s proposal (response to RFP) will serve as your main basis for the negotiation. Therefore, sending an RFP is a strict requirement.
Follow up questions relevant to RFP
More often than not, questions and concerns will be raised by the vendors to whom you send the RFP. You have to entertain them with utmost professionalism. Solution providers who are seeking further clarifications relevant to the RFP are consisting of professional software experts who wants to help your organization as much as they can. Entertain them but at the same time, always be cautious when providing additional information which you know is confidential or proprietary.
Evaluate the Proposals
Always refer to your finalized BOM when tabulating the contents of each proposal. Part of this process is to check the features that are available from this certain vendor and to cross out those that are not. While using spreadsheet aids the tabulation process, laying down the document proposals on the table and allowing your project management team to review them one by one should always be conducted. Evaluating the proposals in full force can help strengthen your decision-making process. Have another round of brain-storming session and come with the name of your preferred solution provider.
When selecting the final vendor, always promote the best interest of your organization. Consider answering these questions with full sincerity.
  1. Which vendor can provide the long-term benefits to your organization?
  2. Which vendor can provide the best and honest service from acquisition to full implementation?
  3. Which vendor is willing to devote most of its time in better serving its client?
Contact this solution provider and in your own strategic approach, try to get the answers to those three important questions above. In most cases, vendor who really wants to prove its craft will offer product demos on a higher level. Others will even invite you to check their already deployed and working systems. Feel free to connect with this type of vendor. Conduct simulation and testing, be it a cloud-based or on-premise solution. Examine all aspects and angles especially those that your project management team want to really know in-depth. For as long as it could help you arrive at a better decision, consider doing all the options available – for the interest of the organization.
Enter the Negotiation Process
Most solutions providers can be flexible in terms of pricing. Although the final say is oftentimes on the mouth of the sales person from the vendor’s side, a good negotiation process can always deliver a win-win situation to both parties involve. While negotiation sometimes cannot be settled in one sitting session, always be honest with your intentions whenever negotiating with your provider. If it’s about your budget, justify it with clarity. If it’s about their service plans, tell them what’s lacking or missing on their solution. At the end of the day, the most important event that should happen is that both of you are shaking hands because of a well done negotiation process.
Seal the Contract
So what are you going to do on a contract that involves a significant amount of investment? There are three project management approaches for this.
  1. Pass the ball to you legal team. They know what to do and more or less they will tell you if there is something wrong with the contract. Give them enough time to review before they affix their signature and then finally seal the contract.
  2. Hire a consultant base on the technical aspect that you want to clarify in the contract. If it’s the Scope of Work (SOW), a software implementation expert is the right person. If it is related to complex legal terms and conditions, a lawyer can help. If it has something to do with money, invite an accountant to conduct a thorough review and computation if necessary.
  3. Always consider consulting your project management team. Remember that the CIO, CFO and CEO are all team members. They will be the signatories and they know what’s best for the interest of the company when signing a contract agreement.
From evaluation to buying stage, it is important that the project manager must take full responsibility of monitoring all the works identified and distributed among team members. This is why delegating the right project manager is also an important consideration when buying a business software solution. And again, wants to emphasize that whatever the size of your company is, using the project management approach will always lead you into a better outcome – that is getting what you paid for the right business software solution. 

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Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.