How to Assess ERP Software Total Cost of Ownership (TCO)

This Solution Brief helps small and midsized organizations and their leadership understand how to calculate the total cost of ownership for ERP applications.

How to Assess ERP Software Total Cost of Ownership (TCO)
Acumatica users across industry segments contain staffing and technology costs with significant improvements in accounting, sales and marketing, and reporting and business intelligence.”

What is the Total Cost of Ownership (TCO) for enterprise resources planning (ERP) software, and why is it so critical? Identifying TCO for a new business system helps companies establish budgets and justify the investment by leveraging cost calculations to determine the potential return on investment (ROI) with a new system.

This information validates the decision to switch systems, which is complicated, disruptive, and costly.

In this Solution Brief, you will discover how to calculate ERP application costs with insights into ERP license and user fees, pricing considerations for your specific industry, implementation costs, and more. You will also learn how modern cloud-based ERP applications provide substantial savings over traditional on-premises ERP applications.

ERP TCO is needed to determine the return on investment (ROI) used to validate a move to a modern ERP platform so you can:

  • Reduce technology costs
  • Mitigate disparate systems, manual data entry, and reliance on external spreadsheets
  • Eliminate infrastructure and system administration costs
  • Establish a platform to foster growth and collaboration

You may also be interested in a related eBook, Calculating ERP Software ROI. The eBook showcases how dozens of industry peers gained new efficiencies and justified their ERP projects by switching to Acumatica.

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