Priority level
On a scale of 1-10 I'd say this issue is up at around a 6.5. So it's important but no rush or urgency.
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Willing to pay for solution
I would be willing to pay for it but not a recurring fee I would prefer a 1 time fee and would likely pay as high as 599 for it.
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Value reasoning
It would bring us more in control in the services we utilize without the worries of third parties messing us up or having unforeseen outages.
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Current process
We communicate back with the venders who provide the software but depending on how big the vender and how cooperative they are we often times don't get proper communication and resolution for our issues so we are forced to adapt to new UX which can be a pain but it's manageable most times than not.
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Flaw in current process
Our biggest flaw probably lies within our dependence on third parties, we are aware of this and have been working on developing more in-house options but certain server-side applications are just not practical or affordable to run in-house.
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Challenge: Navigating the complex regulatory landscape in the finance industry can be daunting, as updates must comply with various laws and standards, which can vary by region.
Challenge: New software solutions need to seamlessly integrate with existing third-party services and legacy systems, which can be technically challenging and resource-intensive.
Challenge: Users may resist adopting new software that alters their familiar workflows, especially if they are accustomed to existing third-party services and their updates.
Challenge: Securing sufficient funding to develop and market a new product can be difficult, particularly in a competitive sector where established players dominate.
Challenge: Building trust with users regarding data security and privacy is essential, especially in finance, where sensitive information is involved.
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