The cost of ERP depends on several different factors, and so the answer will vary by company. Most ERP solutions price based on number of users, functionality, implementation services and deployment method (whether you want a cloud-based or on-premises solution).
No matter which deployment method you choose, there are specific factors that contribute to cost. These include license fees for on-premises implementations and monthly fees for hosted/cloud, maintenance fees for upgrades and warranty, implementation fees for data migration, training and set-up, external consulting and customization costs, infrastructure upgrade costs and internal costs. With cloud-based solutions, infrastructure upgrade fees do not apply, as the software is hosted on the vendor’s servers. Sometimes components that are not usually included in out-of-the-box software packages are also available as needed at an additional cost, and can most often be added at any time. Examples include lot tracking and eCommerce integration.
In general when it comes to Tier Two ERP costs, you’re looking at implementation and license costs in the $10,000’s for on-premises solutions, and monthly hosting fees in the high 100’s to 1,000’s.
For a specific example of what ERP will cost a medium size company, download our ERP Pricing Guide.