Overview on ERP Software Price in India
Before deciding whether or not you should get ERP software, you should find out if your company can actually afford it. Knowing the current ERP software price in India is one of the most crucial steps in deciding whether you should go with ERP or opt for some other solution such as a standalone CRM or some manufacturing program.
Several factors can determine the cost of ERP software such as features, users, deployment, and implementation tactics. Here, we are going to discuss a few relevant details to give you a better idea.
Average Cost of ERP Software in India – Exploring in 2023
ERP software price ranges between INR 8,00,000 to INR 1,00,00,000 depending on several factors in India. The factors like users, add-ons and implementation have the highest impact on ERP software price. Other crucial aspects that can influence the cost are software upgrades, long-term software maintenance, staff training, customer support and much more.
Before you get an ERP solution, it is important that you gain a good enough understanding of what goes into the ERP software price. You should also recognize the standard features, which are often added to an “out of the box” ERP package.
You should note that the specific capabilities and availability of the necessary ERP functionalities can vary from one vendor to another. So, you should also take into account the cost of add-ons for the particular system you will purchase.
For instance, let’s say you need logistics or transportation functionality in the program. Now, Vendor A may provide that functionality as part of the base package, but Vendor B may provide that same functionality as a third-party integration or add-on to the base package.
| Plans | Small Business ERP Plan | Medium Business ERP Plan | Enterprise SEO ERP Plan | Large Enterprise ERP Plan |
|---|---|---|---|---|
| Prices | Rs.8 Lakhs($10,000) to Rs.24 Lakhs($30,000) | Rs.24 Lakhs($30,000) to Rs.72 Lakhs($90,000) | Rs.72 Lakhs($90,000) to Rs.2.16 Crores($270,000) | Rs.2.16 Crores($270,000) to Rs.5 Crores($600,000) |
| Users | Up to 50 | Up to 200 | Up to 1000 | Above 1000 |
| Turnovers | Below $50 million | $200 million | $600 million | Above$1 billion |
Standard Modules Included in A Base ERP System
Financial Management/Accounting
This includes functionalities for handling tasks such as balancing general ledgers, maintaining accounts receivables and payables, reconciling transactions and bank accounts, and performing real-time reporting to improve task automation and centralization.
Human Resource Management
A crucial component of ERP software price in India, HR related functionalities help you streamline employee benefits, payroll, PTO, certification and more as part of the same solution.
Inventory Management
Inventory management is all about finding stock in real-time and establishing minimum quantities for obtaining notifications as soon as goods reach the minimum amount.
Customer Relationship Management
CRM functionalities of an ERP solution helps you keep tabs on customer reviews, client satisfaction rates, lead generations, and client/customer interactions.
Marketing Automation
Marketing automation tools help you build email campaigns, boost customer retention, improve ROI, and a lot more.
A Word on Open Source ERP
When researching the various types of ERP systems, you should certainly check out open source ERP. Open source ERP systems make their source code publicly available, allowing companies to access the system’s code so that they can customize it as per their individual needs.
This way, open source ERP systems help you save money on licensing and vendor customization services. Some vendors may also offer fee-based monthly subscriptions. Open source ERP comes with vendor independence, community support, and flexible customization options.
Factors to Determine ERP Software Price in India
When browsing through the wide array of options in ERP software, you need to consider the various factors that end up determining the cost. The TCO or total cost of ownership for a comprehensive ERP solution can be fairly hefty. However, as we mentioned earlier, the exact rate may vary from one vendor to another based on the features and functionalities. Here are some of the common factors that influence the price of ERP software in India:
Number of Users
One of the first things you need to consider when determining ERP software cost is the number of users that will have access to the program. Many ERP vendors charge customers on the basis of users. That means the more people use the ERP system, the more expensive it gets.
When accounting for the cost of users, you need to take into account both current users and new users that you may need to add as your business grows. When talking to vendors, make sure you ask them about their pricing policy and whether they charge per user.
Customization/add-ons
When it comes to ERP solutions, configurations, customizations, and program add-ons are not cheap. You need to find a system that fulfills most (if not all) of your core needs through the out-of-box features and functionalities.
A number of vendors provide third-party integrations and add-ons as well as the option to incorporate certain modules for improved functionality of the program. These additional capabilities come with an added cost, but the exact rate will depend on your choice of vendor and the base package.
Implementation Strategy
Based on the technical prowess of your internal team, you may want to consult an ERP expert to make the ERP implementation process smooth and hassle-free. Many vendors offer this as an additional support, which may include installation and employee training.
If you are working with an ERP system for the first time, you will need a dedicated technical assistant to oversee the whole thing. You can either go for support services offered by the vendor or contact an ERP consultation service.
Check out iTrobes for the Best ERP Software Price in India
If you are looking for a reliable and legitimate ERP vendor, iTrobes is the company for you! Being one of the leading software development companies in India, we have been working with and on the latest and best of what the industry has to offer.
Having worked with ERP systems for years, we have built a highly capable and competent team of ERP professionals. Whether you are looking for a solid ERP system to fulfill the specific needs of your business or if you are in need of an ERP consultant, iTrobes can offer you both.
We also offer one of the most affordable ERP solutions that you can find in the market. Our ERP solutions are customized as per the specific needs of clients, which means you only pay for the features and functionalities you need.
To know more, get in touch with iTrobes today!
