ERP Success
Common Reasons why ERP Implementations Fail and how to ensure success
January 2025
White Paper Overview
Enterprise Resource Planning (ERP) implementations are one of the most expensive implementations a business can embark on. Costs range from $1 million dollars for a small business, to $10 million dollars and up for larger businesses. The cost of implementing an ERP can run into the multiple millions of dollars very quickly due to “hidden” costs for integrations, custom code to support specific functional areas of the business, reporting requirements for publicly traded companies, training and education and on-going care and feeding of the system.
However, even with their risks, ERP implementations can provide businesses with a wealth of benefits such as increased efficiency, enhanced data security, better decision making, cost savings by realizing efficiencies in process, scalability, enhanced collaboration across departments and better regulatory compliance according to an article by Ian McCue , a Senior Associate Content Manager for Oracle’s NetSuite.
In this whitepaper we will focus on the top four reasons for ERP implementation failures and make recommendations of how to avoid these pitfalls and mitigate risk based on our experience delivering complex ERP implementations for enterprise level clients for more than a decade.
Top Four Reasons For ERP Implementation Failures
Challenge #1: Inadequate or incomplete planning and preparation
Challenge #2: Lack of Commitment From Leadership
Challenge #3: Lack of Change Management
Challenge #4: Poor Communication
This white paper identifies the top 4 challenges companies face when doing ERP implementations and how to ensure success