The cost of Business Management Software - SAP Business One Financial Investment
Business management software, which increases operational efficiency and your ability to better serve your customers, is generally sold through software resellers and experienced technology business partners like Key Business Solutions. They can provide a wide range of services, from evaluation to education. And they understand that it’s likely you’re working with tight deadlines and an even tighter budget. Here are some factors to keep in mind.
Factor in All Costs
Costs may include the following:
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Licensing – There are fees you will pay, per user.
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Installation – What you will pay your business partner for installing the software.
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Configuration – The software will need to be configured to work with your systems.
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Data migration – Data from one or more systems will likely need to be migrated to the new system.
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Customisation – Software can be customised to work with your specific business requirements.
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Integration – You may need to integrate the business management software with existing systems.
| Basic Scenario | Typical Scenario | Comprehensive Scenario |
Company: A small, local provider of tax and financial services with annual revenues of about $4 million
Software selected: SAP Business One
Number of licenses: 5
Installed capabilities: Financial and
customer relationship management
(CRM)
Consulting requirements: None
Time frame: Two-to three weeks, with two or three training days
Potential licensing and implementation
cost: AUD$35,000-$40,000 |
Company: A $16 million apparel distributor
Software selected: SAP Business One
Number of licenses: 15
Installed capabilities: Financial and CRM, inventory, purchasing, and production.
Consulting requirements: Limited
customisation for reporting and user interfaces; data migration from QuickBooks
and Microsoft Outlook
Time frame: Three- to four- weeks, with four or five training days
Potential licensing and implementation
cost: AUD$85,000-$90,000 |
Company: A national manufacturer with $40 million in revenue Software selected: SAP Business One
Software selected: SAP Business One
Number of licenses: 25
Installed capabilities: Financials,
CRM, inventory, purchasing, manufacturing resource planning, and human resources management
Consulting requirements: Extensive customisation for workflows, alerts, reporting, and managing multiple locations. Data migration, including existing accounting, customer, inventory, and materials data. Integration with Microsoft Outlook, project scheduling applications, tax software, and key business partner systems.
Time frame: Three to four months
Potential licensing and implementation
cost: AUD$150,000-$175,000
|
Plan Ahead
To determine exactly what you’ll be spending on the implementation of business management software, you’ll need a partner that can fully explain the various costs involved, and that can accurately assess your needs. Your proposal should help you avoid surprises. Consider asking your implementation partner for customer references so that you can learn more about implementations similar to yours, including costs and time frames. The typical costs of business management software implementations can vary widely, ranging from $35,000 to $175,000.