Are you planning to upgrade your existing ERP with Compiere system or implement a new Compiere ERP solution? Before you proceed, it is advised to review Total Cost of Ownership (TCO) of Compiere ERP system.
List of costs involved in ERP and to be reviewed for Total Cost of Ownership
- Hardware and Software needed for System, Server and Workstation
- Installing and integrating ERP in your organization
- Migrating data from old to new ERP
- Managing the risks which may occur
- For improving the infrastructure
- Testing the ERP for Quality assurance
- Handle the outages and downtime
- Loss of productivity
- Strengthen the security
- Backup & recovery
- Train the users to handle the ERP
- Audit all the processes involved
- Re-structuring the processes
- Project management
- Upgrade the ERP in future
- Taking down the legacy system
How Compiere ERP TCO analysis is beneficial?
- Understand the ERP implementation scope
- Get to know the budget involved
- Workout an approximate implementation & planning cost for capital allocation
- Estimate the ROI you can get from ERP system
- Stay alarmed of licensing costs, professional services, hardware, internal support etc.
- Can make the Compiere ERP implementation or upgrade cost-effective
How to calculate Total Cost of Ownership for Compiere ERP?
Initial costs:
- ERP software and user licenses cost up-front.
- Servers & storage space, backup & disaster systems (Not applicable for cloud-based).
- Set up, configure, implement, testing the ERP software and go-live.
- Setting up backups, disaster recovery, etc.
- Migrating data from the old to new system.
- Buying User licenses (Named and/or simultaneous)
- Training ERP users to get well-versed in ERP software.
- Third party integration with other systems on need basis.
Runtime costs:
- One fourth of the total purchase price for maintenance & support per year.
- Applying patches for bug fixes.
- Purchasing user licenses for new users.
- Train the new users and employees to handle the ERP easily.
- Adding new functionalities to satisfy the ever changing needs and new regulations
- Documentation and project management costs.
- Help-desk support & system administration cost.
- Backup & recovery options in place.
- Datacentre costs such as power, cooling, infrastructure, security, etc to run the software
- Cost of productivity loss when the ERP software is down.
- Cost for upgrading the ERP to new version. Not applicable for cloud software.
Give up costs:
- Export existing data.
- Archive old custom software and keep it running on servers in the datacentre.
- keep all user licenses of old ERP for audit trails.
Know the total costs of enterprise ERP, mid-market ERP, & Compiere ERP
Fill the form and get Compiere ERP TCO analysis