The Top 8 Myths About ERP Implementation That You Should Ignore

CHAPTER 2

Myth 2: ERP Implementation Is Expensive

It depends. The implementation process is influenced by several variables that differ significantly from one company to another, costing time and money.
Here are four best practices you can adopt when planning an ERP implementation process from start to end.

1. Plan as much as possible. The ERP implementation service provider and the buyer sit down to map the road ahead, including potentially unexpected costs. This exercise helps the first understand its client’s needs and requirements, technical capabilities, and the second to comprehend the situation's scale.
2. Our partners at Oracle NetSuite always recommend budgeting for at least 1% of the organization’s operating budget.
3. Using your people to staff the ERP implementation project team is cost-effective if they have the necessary knowledge and skills. If not, you’ll have to consider training costs.
4. Logistics for on-premises implementations require infrastructure and maintenance costs. Cloud deployment skips some of these ordinary expenses, typically as the solution provider manages the infrastructure.