Calculating ERP ROI
Prior to implementing any large scale information technology project assessing return on investment is essential. This allows the project team to assemble budgets and to develop solutions that fit within the budgeted framework. The challenge that is faced in ERP projects is that the payoff for the project comes over a long stretch in time. Often the ERP ROI calculations are a guess at best. Putting a value on productivity and efficient increases can be difficult due to the fact that it is unchartered territory. Companies can rely on case studies to develop guidelines.