RE: Microsoft Dynamics GP Cost

How much does it cost to purchase and implement Microsoft Dynamics GP?
What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?

administrator Vice Professor Asked on July 3, 2024 in Accounting.
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1 Answers

Software price

Microsoft Dynamics GP offers a variety of pricing options based on the number of users and the deployment method. The software typically starts at $1,500 per user as a one-time license cost, with additional costs for annual maintenance and support ranging from 16% to 25% of the license cost.

Plans compared

Microsoft Dynamics GP provides three main plans: Essential, Advanced, and Premium. The Essential plan includes core financial management and distribution functionality, while the Advanced plan adds features like project accounting and business intelligence. The Premium plan includes advanced functionality for manufacturing and field service management.

Plans fit

The Essential plan is suitable for small to medium-sized businesses looking for core financial management capabilities. The Advanced plan is best for growing businesses that require additional project accounting and analytics features. The Premium plan is ideal for larger enterprises with complex manufacturing and service management needs.

Other cost

Implementation costs for Microsoft Dynamics GP can vary depending on the complexity of the deployment and the size of the business. On average, implementation costs range from $25,000 to $150,000 for small to medium-sized businesses. Customization costs can range from $5,000 to $50,000, depending on the level of customization required. Training costs typically range from $1,000 to $5,000 per user.

One time fees

Microsoft Dynamics GP may require additional one-time fees for hardware, such as servers or data storage solutions. These costs can vary significantly depending on the specific hardware requirements of the business.

Alternatives compared

Compared to alternatives like Sage Intacct, NetSuite, and QuickBooks Enterprise, Microsoft Dynamics GP is priced competitively, especially for businesses with a larger number of users. While some alternatives may offer more advanced features or easier customization options, Microsoft Dynamics GP provides a solid set of financial and operational capabilities at a reasonable price point.

Verdict

Microsoft Dynamics GP is considered a moderately priced software compared to its competitors, offering a good balance of features and pricing. With a pricing grade of 75 out of 100, Microsoft Dynamics GP is a cost-effective solution for businesses of all sizes looking for comprehensive financial and operational management software.

Vice Professor Answered on July 3, 2024.
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