The Cost of Implementing and Maintaining an ERP System: What Businesses Need to Know
As a business owner, you may be considering the cost of implementing an Enterprise Resource Planning (ERP) system. You may be wondering what the expense is for such a system and what factors to consider when choosing the right solution for your business. The cost of an ERP system implementation is not insignificant, with some estimates in excess of $100,000. The cost of maintenance and upkeep can also be significant depending on how complex the system is. In this erp for renewable energy companies article we take a look at the costs associated with implementing and maintaining an ERP system so that businesses can make informed decisions regarding their choice of technology solutions. Implementation Costs The initial setup costs associated with deploying an ERP solution are typically quite high due to consulting fees and hardware/software acquisition costs. It's important to factor in additional costs such as training personnel on using the software, obtaining licences or subscrip...