In the ERP world, total cost of ownership (TCO) is used to calculate the total cost of purchasing and operating an Enterprise Resource Planning (ERP) system and services. TCO provides an ability to evaluate additional costs that may not be reflected or be apparent in the upfront pricing. For example, if you’re buying a new server, the server (including operating systems, database software and storage) usually accounts for roughly 15 to 25 percent of the overall, long-term costs to install, maintain, upgrade and support the server over time.
TCO still remains the most significant factor influencing ERP strategies and decisions today. The focus for the past decade or more from both the ERP service providers and their customers has been on reducing the Total Cost of Ownership of ERP.
Focusing exclusively on TCO is no longer enough. The focal point is shifting towards include the Return on Investment (ROI) of ERP projects in order to justify continued investment and maximize business benefits.
What can the average company expect to pay for ERP and the resultant business benefits that can be derived from a successful implementation?
Download this Aberdeen’s Insight which provides as analyst perspective of the research as drawn from an aggregated view of the research surveys, interviews, and data analysis.
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