Enterprise resource planning applications are expensive.

Question

Quizplus · Accepted Answer

Enterprise resource planning (ERP) applications are complex and comprehensive software systems that integrate and manage diverse business functions such as accounting, finance, inventory management, procurement, human resources, and customer relationship management. Implementing an ERP system requires significant investment in software licenses, hardware, system integration, data migration, customization, training, and ongoing maintenance and support. For small and medium-sized businesses, the cost of ERP can be a major barrier to adoption. However, larger organizations with multiple business units and complex processes can benefit from the cost efficiencies, streamlined operations, and improved decision-making enabled by ERP.

Enterprise Resource Planning Applications Are Expensive