Cloud ERP Implementation Costs: How to budget for ERP implementations

One of the first questions organizations ask when considering switching to a world-class cloud ERP like Acumatica or NetSuite is, what will it cost?  It’s important to know the cost will be broken down into a three main pieces.   

1. Cloud ERP License Cost
   
   First, the license cost of the platform.  Depending on the size of your organization this may range from $1,200 to $15,000 per month or more.  Keep in mind the publishers typically offer incentives if you pay for a year upfront or may be running promotions at different points throughout the year.  A good Cloud ERP partner can help you navigate the licensing cost and select the right modules for you.  Selecting the right modules is very important to ensure your organization has all the features needed and is not paying for unnecessary features which can add up over the year. 
   
   
   
2. Implementation Cost
   
   The next cost to consider is the implementation cost.  There are several factors which will determine the cost such as the number of modules implemented, customizations requested and/or integrations to external systems needed.  A good barometer for implementation cost is 1 – 2 times your first-year ERP license cost.  Of course, it means a broad range as each organization’s needs are different. ERP Implementation fees can vary largely depending on who is doing the implementation and we’ll discuss this further in our next blog series.  Most implementations are done by implementation partners such as Concentrus, however there are other options. 
   
   
   
3. Post-Implementation Support and Services

The last piece to remember, which can easily be forgotten will be the post go-live support.  Support can be accomplished in several ways.  Your ERP implementation partner will typically offer a support package with dedicated resources and service agreements.  Depending on the size of the organization and the number of hours needed this can range from $2,000 - $10,000 per month.  However, keep in mind there are other options.  You can hire your own administrator and with the partners help train them to manage the day to day needs of the organization.  Your partner will then shift to an advisory role and depending on who you work with, can step in as needed or when larger projects require their expertise. 

Choosing the Right Cloud ERP Partner

The best ERP partners are aware of the most common challenges and work with you to navigate the twists and turns of the implementation and customization process. The right partner will not only be an expert in your chosen software, but they will listen to your current challenges, help you understand the root cause, and work with you to create a sustainable, long-term solution.   

You want a partner who is an integral part of your team and that is well versed in multiple ERPs on the market. They can help you select the best solution to take your company to the next level.   

Grow Your Business with Concentrus

We hope you found this article useful! Budgeting for an ERP implementation can be tough. Having implemented our own ERP solution in the past, our Cloud ERP experts are more than happy to provide suggestions and ideas for how to budget for one. 

Concentrus is a full ERP service provider for NetSuite and Acumatica. We are different from your average ERP provider because we’ve been in your shoes before. We understand how frustrating it can be finding a partner who will really listen and help you get to where you need to be.   

We focus on helping our clients get the right systems, people, and processes in place to be successful. We focus on your goals and objectives rather than an arbitrary schedule – because at the end of the day, your success is our success.   

If you have any specific questions about finding the right cloud ERP solution, budgeting for an ERP project, or want to chat through the process of implementing an ERP solution, contact us today!

About Us

Concentrus is a leading provider of innovative cloud-based enterprise resource planning (ERP) solutions, including NetSuite. Our team of NetSuite experts offers a range of services, including NetSuite price analysis, NetSuite training, and NetSuite integration services. Our goal is to help businesses of all sizes maximize their investment in NetSuite by providing expert NetSuite cost optimization and implementation strategies. With years of experience as a NetSuite partner, our NetSuite administrators and NetSuite consultants are well equipped to help businesses of all sizes with their NetSuite consulting needs. Whether you're looking for a NetSuite consultant to help with your NetSuite implementation or you need ongoing NetSuite support, Concentrus is here to help. 

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