The total cost of Enterprise resource planning is an estimate, which is based on careful assessment of a number of variables that can vary widely from one company to the other.
Your company size, your specific company’s requirements and your scope of use play vital roles in determining the total cost. It is therefore fundamental to first understand factors that influence Enterprise resource planning. Several factors play a major role in determining the cost of enterprise resource management software.
This factors include: type of business and the number of users, which is estimated at $3,000 per concurrent user; third party software add- in, estimated to be about 20% of the total cost; Implementation cost, with a ratio of implementation to software cost of 0.75:1 to 121; Small to medium size business is estimated to pay an estimate of $150,000 to $750,000 for software and service. Other costs may arise from maintenance, upgrades and technical support which involves training of staffs and ensuring the enterprise resource planning software implementation is successful.
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