Understanding the Total Cost of Ownership of an ERP
Implementing an ERP can unlock a new level of efficient growth for your company; you can use the same resources to accomplish more, by both increasing the productivity of each individual member of your team, and improving collaboration across teams. Once you’ve decided that an ERP is the right tool, it’s important to thoroughly evaluate which platform is the best fit for your company. One of the key factors of this decision is understanding the Total Cost of Ownership over an extended period of time. Not all costs are immediately apparent during the evaluation process, and merchants will often find themselves surprised by ‘hidden costs’ after implementation of a traditional ERP. This article will help outline the different costs areas you should be considering during your evaluation process.