"ERP financials" usually refers to the software package that businesses use to manage their general ledger, invoices, purchase orders and the like: Nothing that's terribly exciting, yet those applications are crucial to running any going concern.

The "financials of ERP," on the other hand, is a topic that can make any CFO (or CEO and CIO) very excitable. The cause? ERP Sticker Shock.

Two new studies of enterprise IT environments demonstrate how and why many companies might suffer from a case of "buyer's remorse" after plunking down millions on traditional ERP applications for licensing, implementation and support. The reasons are due to a combination of application sprawl, poor portfolio management and Sisyphean-like spending requirements.

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