A new report from Denver-based Panorama Consulting Solutions calculates that the average ERP implementation cost now hits $6.5 million, with an average implementation time of 16.1 months, and a preference for SAP, Oracle, and Microsoft Dynamics solutions. In its 2014 ERP Report, Panorama summarizes its own research into the experiences of ERP customers with regards to enterprise software, vendors, consultants, and implementations overall.
Over the past four years there has been plenty of pain and disappointment in ERP initiatives, according to the consultancy's research. 54 percent of ERP projects have exceeded their planned budgets, 72 percent of projects have exceeded their planned d...