![]() Comparing Costs of the Top 10 ERP Systems # Additionally, it’s essential to consider the ERP implementation costs and the ongoing support and maintenance costs when evaluating the overall cost of an ERP system. It’s important to remember that knowing your business requirements is crucial in estimating the cost of an ERP system. Finally, we’ll cover how to maximize your return on investment and explain factors that affect total cost of ownership ( TCO) of an ERP system. Then we’ll compare different ERP pricing and deployment models. First, we’ll compare the top ERP system price ranges. That’s the meat of it, but there is a lot more to cover. For a company with $ 100M in revenue, costs average ~$ 100K/year over 5 – 7 years. Upfront/recurring payments depend on on-premises or SaaS. While ERP pricing varies, a general rule is for every $ 1M in revenue, expect to pay $ 1K/year. An ERP system can provide significant, long-term cost savings and increased efficiency for your organization, making it a worthwhile investment. Costs can vary greatly depending on factors such as the size of your organization, the specific features and functionality required, and the vendor or provider. However, comparing ERP costs between products and vendors can be challenging. You’re here because one of the most important factors when considering a new ERP system is understanding the cost. ![]()
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