There is sheer amount of information available in the internet on introduction of ERP. Implementation of Enterprise Resource Planning or ERP software can prove to be a powerful business tool, because its implementation can vary widely and according to the needs of different business organizations. It is useful software that efficiently combines all the information of a business organization into a single unit. The most important feature of this effective software is centralized database that uti
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The full form of ERP is Enterprise Resource planning. It integrates internal and external management information of any organization that implements it. It embraces several departments of a single organization. For example, it can show the state of accounting, sales and service, manufacturing, and management of the organization in a fraction of second. There are several benefits of ERP. It links all the departments of the organization to a centralized server and computer system. The major benefi
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Enterprise Resource Planning software is a third party application. Any organization running on an old third party application which is not upgraded since implementation might suffer from several setbacks. The business operations of such organizations might get frozen, due to which they are bound to spend large amounts on non-profitable R & B department. Annual maintenance cost for ERP packages is the most common doubt that arises in the mind of the organizational head as soon as he decides to i
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TCO or Total Cost of ERP Ownership is a significant factor that affects the ERP implementation strategies and decisions. Most of the ERP system buyers are aware about the importance of TCO but, they might be unable to understand the nuances of calculating it. ERP systems have some hidden costs, unlike the cost of tangible capital purchases. Calculation of TCO can help organizations to fairly compare different proposals and, to negotiate with vendors more effectively. By calculating TCO, organiza
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Organizations that adopt Enterprise Resource Planning or ERP package often fail to make estimate of various hidden costs of ERP. Such a mistake can turn well budgeted project into an over budgeted project, or it can sometime derail the entire implementation process. There are several hidden costs of ERP which are mentioned below.

1. Testing �� Every vendor would test the system before it goes live. The testing process can consume a great deal of time, since ERP system has to be linked wit
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