We recognize that many businesses think a cloud-based ERP solution is more expensive than just keeping what you have. We break down that assumption in this post.
When you think about your current cost of ownership – what goes into it? Most people focus solely on the cost of the software and renewals. What does it cost you to do nothing? They forget the peripheral costs.
We’ve put together a side-by-side comparison to help you compare apples to apples. This has been an eye-opening exercise for many of our clients. Give it some thought and plug in your own numbers for “In-house”.
Monthly Software Costs:
(On average, our clients save $10,000 per year in the software component alone.)
Monthly Hardware Costs:
(On average, servers cost $3,000 – $5,000)
IT Staff:
Additional Considerations
There’s more to think about in terms of what a newer, modern, cloud-based solution can do for you to save money.
A cloud-based ERP solution has a predictable monthly or annual subscription so you can budget more accurately without unexpected expenses. Additionally, new ERP solutions have many out-of-the-box functions such as:
- Built-in process automation
- Interactive reporting capabilities with dashboards
- Key Performance Indication creation, system monitoring, and alerts
- Advanced drill-down capabilities
- Integrated Customer Relationship Management Functionality
- 1-click Export to Excel
- Email functionality right within the system
- Low-code or no-code customizations
Ask yourself if you pay extra for any of these services or enhancements, and if you do, don’t forget to include that number.
The Cost of Doing It Old-School
Workflows and automations are worth another look. Can you put a monthly cost on how much you spend on fixing errors (or the results of errors) or manual processes?
How much would you save automating redundant processes, reducing errors, and having a state-of-the-art checks and balances system?
Let’s not forget about scaling! Cloud-based solutions can quickly scale to meet your needs and if you bring on acquisitions or new business units, it’s quick and easy to get them on the system.
Learn More
Download this free Forrester study on the “Total Economic Impact of Acumatica” and then give us a call to find out how we can help save your business money.
