Implementing an Enterprise Resource Planning (ERP) system is a significant investment that goes beyond just the initial software costs. It requires careful budgeting for various components, including licenses, implementation, and ongoing support. Total project costs can vary widely, ranging from under $10,000 for small businesses to over $1 million for complex enterprise rollouts. Typically, businesses allocate 1-3% of their annual revenue to ERP initiatives, and many encounter budget overrun