The average manufacturing ERP software price in India usually ranges from INR 5 lakhs to INR 15 lakhs while the minimum cost could be around INR 2 lakhs for small enterprises and the maximum cost could be up to INR 1 crore for large corporate.
What is the Price of ERP Software for Manufacturing in India?
ERP or Enterprise Resource Planning is an essential and complex business process. It acts as an effective automation software tool that can speed up the entire business operations without comprising the quality and accuracy. An ERP can benefit all types of businesses ranging from small-scale manufacturing units to large corporate manufacturing groups.
Some of the popular ERP software solutions often come in well-structured modules with automated components that can manage several specific business operations. This functionality allows users to choose a compatible solution with some limited functions including finance, inventory, sales, marketing, payroll management, operations, HR modules, and so on.
Users may also choose an integrated and comprehensive ERP service and can get a low-cost reliable software package for around INR 2 lakhs to INR 4 lakhs. Large corporate groups have an array for choosing a global brand ERP software package and the cost may range from INR 20 lakhs to 1 crore.
In general, for small and medium enterprises (SMEs), many vendors typically offer 6 to 8 lakhs worth of ERP solutions. Because India’s most SMEs have less than 1000 employees, their revenues usually range from INR 25 lakhs to INR 10 crores a year, which is a fact for the manufacturing sector.
Some manufacturing companies don’t bother to give ERP access to all employees; therefore, the cost may come down between INR 1 lakh to INR 5 lakhs which is really an affordable investment to make for an ERP software solution.
What is the Manufacturing ERP Implementation Cost in India?
A typical manufacturing ERP solution should always match the company’s budget as well as all the specific requirements of the business process. Before making your final decision, always remember that it’s a one-time and long-lasting decision.
ERP service providers offer numerous impressive solutions. For example, some ERP solutions are free for the single user where others charge around INR 3000 per user per year.
The implementation costs play a vital role when you want to customise your ERP software solution for your business needs. As different manufacturing facilities have different business needs, the ERP implementation price may range from INR 15 lakhs to INR 40 lakhs depending on the features and service types.
The implementation costs depend on several factors, such as –
- Choosing a license fee and setting up an ERP solution for X number of users
- Installing training modules that can improve employee acceptance
- Choosing a wide range of features to match the company’s requirements
- Customizing the ERP solution with HR, sales, marketing, CRM, etc., modules
- Integrating with other applications to ensure anytime, anywhere access
For SAP manufacturing ERP solutions –
Implementation period – generally 6-9 months in a phased manner
Total end users – generally 200 to 600
The price of a manufacturing ERP software solution depends on –
- Professional expenses
- Training costs
- Testing solutions
- Customization expenses
- Employee cooperation
- Ongoing maintenance
- Re-engineering
Pricing Plans for Manufacturing ERP Software in India
The prices of ERP software solutions in India come with several flexible plans. The vendors also offer pricing flexibility to ensure customer satisfaction.
Some of the popular pricing policies are as follows –
- Monthly subscription fee with support and upgrade services
- Unlimited user facility package without any additional cost
- Low-risk capital expenses with post-deployment billing
- No upfront prices with payment facility after the second year
- Multiple payment gateways such as cash, bank transfer, cheques, credit cards, and more.
Final words
ERP solutions are diverse, therefore, it’s not necessarily possible to figure out a fixed and right price in generic. The price widely varies depending on the size of the company. For example, a micro company can choose a service between Rs. 50000 to Rs. 100000 per annum, where a large corporation may expect to pay between Rs. 25 lakhs to Rs. 1 crore.
MegatechVerse is one of the most trusted SAP ERP solution providers in India. If you need any help regarding ERP solutions, we’re always ready to help you. Just get in touch with us.
