Almost all businesses prefer ERP software as the most productive business management solution. So, it is better to know the ERP software Prices in Bangladesh before digitalizing your business.
In 2023, over 70% of large enterprises adopted Enterprise Resource Planning (ERP) software. Some companies provide one-time software packages, some companies provide SaaS-based software. On the other hand, some companies follow US-based pricing plans, whereas some companies follow Asia-Pacific-based pricing plans.
So you will experience a price variation from country to country and company to company. That’s why we will explore the price patterns and pricing factors of the top ERP software in Bangladesh in this blog.
What is ERP Software?
ERP software is a platform that companies use to manage and connect the most important parts of their businesses. There is a list of ERP software to improve efficiency, productivity, and profitability in business.
Many ERP software are essential to companies because they help them plan their resources. The companies use ERP applications and integrate all the processes needed to run their companies into a single system.
ERP software can also integrate planning, purchasing, inventory, sales, marketing, finance, human resources, etc. For this
What is The Price of ERP software in Bangladesh?
In Bangladesh, small and medium-sized businesses can expect to pay between BDT 50,000 and BDT 25,00,000 for an ERP software implementation. Further, large businesses can expect to pay between BDT 25,00,000 to BDT 50,00,000. The size and complexity of the business affect the software price.
As a general rule of thumb, ERP software is a significant investment for businesses of all sizes. The price of ERP software in Bangladesh can vary depending on company size, functionality, and demands.
- The size and complexity of the business make the operation more expanded. So, the development needs to be costly.
- The features and functionality can be completed based on the company type. A larger workflow needs a larger development cost.
- The demand for vendors may vary the cost of ERP software in Bangladesh.
Factors that Affect the ERP Software Price in Bangladesh
1. Business Size and Complexity
Larger businesses typically require more difficult and enhanced ERP solutions. So, if your company has a lot of divisions and departments for multiple types of work, you must pay for a customized price.
2. Required Features and Functionality
ERP software or solutions will be expensive if the business needs more features and functionalities. Sometimes the companies
3. Demand of The Vendor
Different ERP vendors charge different prices for their software. It is important to compare the prices of different vendors before making a decision.
Types of ERP Software Prices in Bangladesh
Among the list of ERP software in Bangladesh, there are two main types that business organizations use.
- On-premise software
- Cloud-based software
On-premise ERP software is enterprise resource planning software installed and runs on the company’s servers rather than being hosted in the cloud. Here, the installation difficulty can affect the ERP software price in Bangladesh.
Again, on-premise ERP software is generally more expensive than cloud-based ERP software but offers more control and customization options. Cloud-based ERP software is more affordable and easier to implement. But they may not be as customizable as on-premise ERP software.s
Standard ERP Software Price in Bangladesh
Bangladeshi ERP software vendors follow the Asia-Pacific price scheme to list their prices. According to the market and vendors, you will observe the following price listings for the software in the Standalone and SaaS packages.
|Small to Medium Business
|BDT 50,000 to BDT 25,00,000
|BDT 25,00,000 to BDT 50,00,000
|BDT 5,000/month to BDT 15,000/month
|BDT 20,000/month to custom
Average ERP Software Price in Bangladesh
The average price of ERP software in Bangladesh can vary depending on the factors mentioned above. As a general rule of thumb, ERP software can be a significant investment for businesses of all sizes. The following table shows the average ERP software price in Bangladesh for businesses of different sizes:
|Size of Business
|Average Standalone Price
|Average SaaS Price
|Small to Medium Business
How to Choose the Right ERP Software for Your Business?
Many industries are available to adopt ERP-based software—for example, garments, production plants, and eCommerce industry. You must consider the size, features, budget, and vendors to choose your suitable one. Besides, you must look through the following points.
- Determine the feature and function your business requires
- Confirm that you have the exact executives and team support
- Check your scopes of integration with the software
- Follow up on the reputation of your ERP software vendor
- Map out the design, configuration, and deployment process
Lead our article to learn about why businesses need good ERP systems.
What are Some Popular ERP software in Bangladesh?
We have listed some of the commonly used ERP software so that you can get an idea.
About these ERP software prices in Bangladesh, sometimes, you have to pay once to get the software, and sometimes you have to pay monthly or yearly.
Get in touch with the providers for more information.
- Oracle: Oracle ERP is a suite of integrated software applications that helps businesses manage all their core processes
- Sage Intacct: Sage Intacct is a Cloud (SaaS) ERP solution and finance management software with an efficient set of integrated functionality.
- PrismERP: PrismERP is a multidimensional system that handles all dimensions of the business seamlessly.
- Smart ERP: Smart ERP is a cloud-based process manufacturing software to streamline from procuring raw materials to shipping orders.
We suggest you glance through the ERP Software Prices in Bangladesh. This way, you can map out all your needs and find the best ERP software from the best company.
Remember that ERP software provides a real-time view of data, reporting, and business intelligence. Ultimately, it gives your business better visibility and accurate information to make better decisions.
So you can pick the right one from the right vendor after discussion.
Is ERP Software free?
Yes, free ERP software options are available, especially for small businesses. These systems are typically open-source or have a free pricing tier where businesses can use the software at full capacity or with limited features. Some apps provide demos to give users a concept of the workflow.
Why is ERP so expensive?
ERP software can be expensive because it needs to be customized to meet the specific needs of each business. The more customization required, the higher the cost of the system.
Additionally, the system integration costs can also affect the cost of ERP software.
Why is ERP better than Excel?
ERP software is better than Excel for financial management because it provides several key advantages, including real-time data, existing software integration, and automation.
Plus, ERP software can automate many financial tasks, such as invoicing, supplier payments, and payroll. It also provides a variety of pre-built reports and the ability to create custom reports.
What are some tips for implementing ERP software in Bangladesh?
When choosing an ERP software, remember to implement it with your available system. Be sure to provide training to your employees so that you do not lose any data. And, of course, develop your ERO software from a reputed company with extensive experience and proven track records.
What are the challenges of implementing ERP software in Bangladesh?
One of the challenges of implementing ERP software in Bangladesh is the higher cost. Moreover, you will find no training sessions to use the software properly. Some companies like VISER X provide a detailed tutorial to clients for a smooth user experience.