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Buy vs. Build in the UK
Why “Buy” is the Right Choice for Risk Decisioning Software

Cassidy Bellville
November 28, 2023
In today’s fast-paced business landscape, making informed and timely decisions is critical to success. This is especially true when it comes to risk decisioning, a process vital for mitigating threats and maximizing opportunities. As businesses in the UK consider their options for risk decisioning software, a common debate arises: should they buy an off-the-shelf solution or build a custom one? In this blog post, we will explore the reasons why “buy” is the right choice for risk decisioning software in the UK.
  • Speed to Market
    One of the most compelling reasons to opt for a pre-built risk decisioning solution is the speed it offers. Developing custom software from scratch can be a time-consuming process but in today’s fast-paced business environment, agility is essential. Thankfully, a variety of pre-built software solutions are readily available and can be implemented in as little as three months depending on your vendor.
  • Cost-Effectiveness
    Building a custom risk decisioning solution can be a costly endeavor. It involves not only development expenses but also ongoing maintenance and support. On the other hand, buying an established software solution typically comes with a more predictable cost structure, including licensing fees, maintenance contracts, and support agreements. For many UK businesses, this cost-effective approach makes it easier to manage their budgets.
  • Scalability
    As your business grows, your risk decisioning needs may change. Third-party solutions are often designed to be scalable, making it easier to adapt to changing business demands. In contrast, custom-built software may require extensive redevelopment and modification to accommodate growth. For UK businesses looking to scale and adapt quickly, “buy” is the more flexible choice.
  • Integration
    Modern businesses rely on a multitude of software applications for various functions. A significant advantage of third-party risk decisioning software is its compatibility with other systems. It’s designed to integrate seamlessly with popular CRM, ERP, and other tools, which is especially important in the UK, where businesses often depend on a mix of applications to run their operations smoothly.
  • Compliance and Security
    The regulatory environment in the UK is continuously evolving, with strict data protection laws and industry-specific compliance requirements. Buying risk decisioning software often means that your system will be equipped with the latest compliance features and security protocols. This can save your business the headache of constantly monitoring and adapting to regulatory changes.
  • Updates and Maintenance
    Software, like any other asset, requires maintenance and updates to remain effective. When you buy risk decisioning software, you can rely on the software vendor to provide regular updates and maintenance support. This ensures your system stays up-to-date and secure, without requiring extensive in-house resources.


While the decision to buy or build risk decisioning software ultimately depends on the unique needs of each UK business, there are strong reasons why “buy” is often the preferred choice. Speed to market, cost-effectiveness, access to expertise, scalability, integration, compliance, and ongoing support make third-party solutions the pragmatic option for many. When time is of the essence, and resources are limited, a pre-built risk decisioning solution can provide the competitive edge UK businesses need to make informed decisions in today’s complex world of risk management.

If buying still seems overwhelming, be sure to check out our comprehensive Buyer’s Guide for risk decisioning platforms.

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