Nov 20, 2024

Nov 20, 2024

How to select the best software for your company?

How to select the best software for your company?

Written by

Aurelija Vycaite

AI & Technology

When scaling an e-commerce business, technology decisions can make or break your growth trajectory. At Conway & Co, we've identified six critical parameters that determine the ideal technology stack for your business.

Why these parameters matter

Before diving in, consider this: Most companies make technology decisions based on features, price, or vendor promises.

However, our experience helping brands scale beyond €200M shows that successful technology decisions start with understanding your business context first.

Let's explore the six parameters that should guide your technology decisions:


01 Business complexity

The most critical parameter: the foundation of all technology decisions.

Components:

  • Number of sales channels (online/offline)

  • Product catalog complexity

  • Customer segments and journeys

  • Geographic presence

  • Order types and volume

  • Marketing automation needs

Key insight:
Most companies underestimate their business complexity or try to solve it with technology alone. The reality is that simplifying business processes often has more impact than adding.

02 Revenue size

The scale parameter: defines the scope and architecture of your tech stack.

Components:

  • Technology budget

  • System requirements

  • Integration needs

  • Support expectations

Key insight:
There’s a correlation between revenue and stack design. The setup that works at €1M breaks at €10M. What works at €10M won’t support €100M. Tech must match the scale you’re operating at.

03 Future ambition

The growth parameter: defines how far your stack needs to stretch.

Components:

  • International expansion

  • Channel and market entry plans

  • Product and service diversification

  • Acquisition strategy

Key insight:
Growth plans create complexity. If your stack can’t flex with your ambition, it will slow you down. Tech should enable—not limit—how you scale.

04 Digital maturity

The capability parameter: your team’s ability to use the stack effectively.

Components:

  • Technical expertise

  • Change management

  • Innovation culture

  • Data fluency

  • Cross-functional alignment

Key insight:
Even the best tools fail without the right team behind them. Digital maturity isn’t about how much tech you have—it’s how well your team uses it.

05 Investment capacity

The resource parameter: not just budget, but ability to sustain and scale.

Components:

  • Total cost of ownership

  • Implementation resources

  • Training bandwidth

  • Maintenance cost

  • Upgrade paths

Key insight:
Buying the software is the easy part. Maintaining and evolving it is where companies get stuck. Look beyond initial costs to understand what’s actually sustainable.

06 Current systems

The legacy parameter:

Components:

  • Existing systems

  • Technical debt

  • Integration constraints

  • Data quality

  • Migration paths

Key insight:
You don’t start from zero. Your current systems define what’s possible short-term and where risk sits. Ignoring the legacy leads to expensive failures.

02 Why a Tech Stack Audit is Essential

Understanding these parameters is just the start. The real challenge lies in:

  1. Accurately assessing your current state across all parameters

  2. Understanding how these parameters interact

  3. Identifying the gaps between current state and future needs

  4. Creating an actionable roadmap for evolution

This is where a professional Tech Stack Audit can be helpful, feel free to contact us.

03 The Tech Stack Audit Solution

A Conway & Co Tech Stack Audit provides insight into:

A. Comprehensive Assessment

  • Detailed analysis of all six parameters

  • Current state evaluation

  • Future state mapping

  • Gap analysis

B. Strategic Insights

  • Technology alignment with business strategy

  • Risk assessment

  • Opportunity identification

  • Cost optimization potential

C. Growth Enablement

  • Scalability assessment

  • Future-proofing strategies

  • Risk mitigation plans

  • Performance optimization

D. Actionable Recommendations

  • Prioritized improvement roadmap

  • Specific system recommendations

  • Integration guidelines

  • Implementation timeline

Next steps

Ready to evaluate your technology stack against these parameters? Here are your next steps:

01 Self-Assessment

02 Professional Audit

03 Strategic Planning

· Use our Tech Stack Navigator to map your current systems

· Evaluate each parameter honestly

· Identify obvious gaps and challenges

· Get an expert evaluation of your technology landscape

· Receive detailed recommendations

· Obtain a clear roadmap for evolution

· Align technology decisions with business strategy ·

Create implementation timelines

· Allocate resources effectively

Conclusion

Your technology stack is too important to not have a holistic strategy that aligns with your business ambitions. Understanding these six parameters - and how they interact - is crucial for making informed technology decisions that support your company growth.

Remember: The goal isn't to have the most advanced technology stack, but rather the most appropriate one for your business context and growth trajectory.

→ Learn more

How to make ‘buy vs build’ decisions for the systems in your stack?

How to design a tech stack? And why does it matter?


How we can help

Conway & Co is an on-demand CTO for modern consumer & retail brands.

Gain a deep understanding of the technical state of your company that aligns your business strategy and digital capabilities.


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Subscribe to our newsletter to learn how to build world-class digital experiences and get fit for digital growth.

Stay in the loop

Subscribe to our newsletter to learn how to build world-class digital experiences and get fit for digital growth.

About us

Conway & Co is an ‘on-demand CTO’ for modern consumer & retail brands with ambition.

We combine deep e-commerce knowledge, strategic advice and hands-on engineering to help brands improve their digital maturity and use AI to solve real business problems.

About us

Conway & Co is an ‘on-demand CTO’ for modern consumer & retail brands with ambition. We combine deep e-commerce knowledge, strategic advice and hands-on engineering to help brands improve their digital maturity and use AI to solve real business problems.