How much does an ERP system cost?

PLEASE CONSIDER THE MENTIONED BELOW

Cost of an ERP system includes several factors:

The size of the ERP software, which corresponds to the size of the company it serves

The need for new hardware that is capable of running complex ERP software

Consultants' and analysts' fees

Time for implementation (which causes disruption of business)

Training (which costs both time and money)

A large company, one with well over 1,000 employees, will likely spend $50 million to $500 million for an ERP system with operations involving multiple countries, currencies, languages, and tax laws. Such an installation might cost as much as $30 million in software license fees, $200 million in consulting fees, additional millions to purchase new hardware, and even more millions to train managers and employeesand full implementation of the new system might take four to six years. A midsized company (one with fewer than 1,000 employees) might spend $10 million to $20 million in total implementation costs and have its ERP system up and running in about two years.