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Buy
 (1)

<p>Purchased software, also known as on-premises software, involves a one-time acquisition cost, allowing the buyer to own the software license indefinitely. This approach offers several advantages, including full control over the software environment, customization capabilities, and potentially lower long-term costs for organizations not needing regular updates or support. It also provides a higher level of security and privacy, as the software runs on the organization's own…

Open-source
 (19)

<p>There are a number of reasons to using open source CRM software, including no (or reduced) licence costs, the ability to modify the code, and the support of a vivid community. However, these benefits come with trade-offs. Open source CRMs can require significant technical expertise for customisation and maintenance, which can lead to higher long-term costs for those without in-house expertise. Security can also be an issue, as the responsibility for updates and patches rests with the…

SaaS
 (104)

<p>Software as a Service (SaaS) contracts offer a range of benefits and drawbacks. One of the main advantages is the cost efficiency, as they typically require lower upfront investment compared to traditional software purchases. This subscription-based model allows for easy scalability, enabling businesses to adjust their subscription levels based on current needs, ensuring flexibility and scalability. Additionally, SaaS providers usually handle maintenance and updates, reducing the IT…