Large companies spend big on ERP

ERP projects are costing large companies approximately one per cent of annual corporate revenues and taking an average of 20 months to implement, according to the results of a recent Meta Group Inc. survey.

The survey of more than 200 companies, whose annual revenues exceed US$1 billion, found that about 70 per cent of ERP costs are for labour.

Stamford, Conn.-based Meta also found ERP implementations take an average of 27 months before companies realize benefits from them.