How long does it take for firms to implement these solutions (e.g. ERP system)?
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An ERP consultant, Panorama, specializes in consulting to the SME sector which its defines as companies turning over less than $500 million. Its research in that segment says that:
• Average ERP duration is 19 months
• Implementation cost is $8.5 million
• Represents 9% cost of sales and
• Delivers 39% of potential benefits
http://blogs.zdnet.com/Howlett/?p=595 http://it.toolbox.com/blogs/erp-roi/ten-reasons-to-implement-erp-during-the-economic-downturn-29577 http://www.panorama-consulting.com/PressKit/PCG_Topline_Results_FINAL.pdf