High and Low ERP Costs that Fit Any Business Budget
The growing market of software solutions offers a range of ERP costs. As your business grows, the manual processes and systems that you’ve had in place (and have been working) will likely start to become tedious or the ERP costs no longer make sense for your company.
When you reach this point in your business, using Enterprise Resource Planning (ERP) software that is designed to streamline and automate your important business systems can benefit your business by driving organization, productivity, and profits.
ERP solutions contain a suite of integrated applications that help you better manage the backend activities involved in your services, human resources, and business operations, all in one system.
Choosing the perfect time to invest in an ERP system in your business can be tricky. ERP implementation can be much more complex and costly than other business software integrations, so you need to make sure the ERP solution you choose fits your business needs and the needed number of users. Also, an important factor is that the ERP costs meet your budget.
Once you know what you need from your ERP system and have a good idea of the ERP costs that fit into your company’s budget, it’s time to do your research and see what makes the most sense for your business.
How much are ERP costs?
According to a study, on average ERP costs of implementation are approximately $7,200. However, depending on the unique requirements of your business, these ERP cost figures may vary a lot. Apart from your business requirements, the level of customizations you require, the size of the business, the complexity of operations, and the number of users, are crucial factors that determine the overall ERP costs.
ERP System Pricing Models
An important decisive factor while shortlisting your choice of potential ERP vendors is the cost of the solution. To give you a good idea of ERP costs, we will discuss the different options of Enterprise Resource Planning software pricing models and how these models work. These two main pricing models are:
- Perpetual licensing
- Subscription plans
Perpetual licensing is a pricing model requiring companies to pay a one-time upfront cost to the vendor, with no further recurring costs for upgrades and support. The ERP costs in perpetual licensing are based on the number of users and the level of customization required by the company. Companies that require an on-premise ERP Solution hosted with their own servers opt for perpetual licensing.
Subscription plans for ERP software are typically offered as a Software-as-a-Service model, meaning clients pay monthly or annual ERP costs. These plans are mostly against a minimum contract length. Mostly subscription plans are taken up by companies looking to leverage cloud servers for ERP software implementation and maintaining the ERP system at a third-party server.
To help you in your ERP selection process, here are a few of our favorite ERP solutions, from high ERP costs to low ERP costs.
Solutions with High ERP Costs
The number of people within your organization who will require access to your ERP solution will play a large role in how much your ERP costs. If you have a large company, you will likely require the sophistication of a more expensive system. However, even if your company is still growing, a system with higher ERP costs might make sense if only one or two people will be using it.
Here are some of the solutions with bigger ERP costs you can consider for your business.
Sage Intacct ERP systems provide a wide array of business applications that are highly configurable. Sage ERP can be implemented on-premise or as a cloud ERP, your employees can access and use it remotely.
This system comes with a bundle of system tools for managing inventory, sales, customer service, and human resources. Sage ERP solutions is one of the most expensive on the market, with ERP costs of $2600 per month, but this price accounts for three users.
Netsuite is one of the best cloud ERP solutions on the market. In fact, this company was building cloud solutions before they became mainstream for business, so they have a high level of expertise and can assist your teams with even the most technical support needs. NetSuite’s ERP costs start at $400 per month for each user who will need access to the system.
Solutions with Low ERP costs
Solutions with lower ERP costs provide an incredible amount of value for small to medium-sized businesses because they are both powerful and affordable for most companies that have reached the point of requiring an ERP.
Here are some of the best affordable ERP solutions on the market.
IFS is known for its innovative ERP applications and focuses on helping companies thrive in the global business market. This ERP system is powerful enough for large enterprises but affordable for small to medium companies as well with monthly ERP costs of $299, per user. IFS is incredibly sophisticated, and its ERP costs are highly customizable. In fact, this solution is used by companies in many prominent industries including aerospace, defense, food and beverage, and manufacturing.
Aplicor 3C is perhaps one of the most cost-effective ERP solutions on the market with monthly ERP costs of $495, which includes access for up to five users. The ERP costs of Aplicor 3C is a great solution for small businesses that are quickly outgrowing their current business management processes and systems. Their interface is easy to learn and use, and comes with modules for inventory, eCommerce, fulfillment, and customer relationship management. Aplicor 3C also offers real-time data so you can make decisions quickly for your growing company.
Implementing the perfect ERP solution for your business can be an intricate process, but it begins with choosing the ERP costs that best fulfill your company’s unique needs. Luckily, there are many ERP costs options available for your company that will help you streamline and automate business processes, for the ERP costs that fit your business budget best.
Learn more about how selecting the best ERP vendor for your budget by comparing high and low ERP costs and researching top features can benefit your business.