Optimize Your Brokerage with the “Buy Plus Build” Strategy 

In the competitive market of brokerage, making the right “buy plus build” decision is crucial. This approach involves a delicate balance between buying platform components from vendors and building things from scratch. 

EAERA,  

EAERA – Your All-in-One Solution for Brokerage Excellence! 

The power of buy plus build 

Purchasing allows you complete control over your solution, along with the capacity to tailor things to your precise requirements. However, it can often lead to unforeseen expenses, such as rigid delivery processes and outdated legacy applications. 

Conversely, building introduces you to a realm of innovative opportunities and enables rapid market entry, provided you collaborate with the right partners. Regrettably, this method can occasionally lead to generic solutions that struggle to differentiate themselves in the market. 

The ideal strategy is to amalgamate the two, integrating the best aspects of both while eliminating the rest. By utilizing ready-made platform capabilities and customer journeys, you can harness readily available functionality for up to 80% of your requirements. 

Buy for speed, build for differentiation 

This strategy empowers you to develop a contemporary app atop your core banking infrastructure, affording you more time for innovation and value creation. You can purchase a foundational backbone with ready-to-implement, API-led, easy integration functionality to expedite your market entry. Subsequently, you can construct a more customized solution to perfectly cater to your broker’s needs. 

This method offers numerous benefits, including the ability to decrease technical debt, reduce operating costs, and enhance innovation power. However, determining where to start can be a daunting task. 

EAERA: Your ally in digital innovation 

The path to digital transformation differs from one brokerage to another, influenced by factors such as your unique needs and in-house competencies. Nevertheless, keeping two key questions in mind can position you for a successful start, saving you time, resources, and effort. 

To simplify matters, you can collaborate with a partner like EAERA, who is available to assist at every stage of your journey. By leveraging the modular structure of our Engagement Brokerage Platform, you’ll acquire everything you need to prosper and then construct customized solutions on top to set yourself apart from your competitors. We’ll assist you in supercharging your digital factory, enabling you to redirect your budget from maintenance to innovation. Isn’t that the aspiration of every broker? 

Embark on your journey with EAERA’s Engagement Platform and set your brokerage on the path to success! Explore EAERA today.