Tethys Consulting released a software evaluation tool on Friday to help IT decision-makers beat budget overruns and projects which stumble before implementation.
Take-up for the tool in Australia is expected to top 2000, according to Tethys Consulting director Bronwyn Evans, who said an estimated $US100 billion is lost each year on failed IT projects.
"In Australia that figure runs into the hundreds of millions of dollars on failed, local ERP projects; there are plenty of ineffective and ill-planned ERP implementations," she said.
The Sydney-based consulting and software supplier has formed a partnership with Canadian based Technology Evaluation Centre (TEC) Group to provide the evaluation tools locally which enables end users to compare and evaluate enterprise software products.
Since the TEC tool was first launched in the US in April 2002, more than 25,000 customers have used it to compare offerings from some 100 vendors.
The patented software compares industry vendors on thousands of independent criteria known as 'knowledge bases' which provide online interactive analysis for ERP, CRM, product lifecycle management and enterprise asset management products with security and supply chain management soon to be released.
TEC president Yves Payette said with so many software vendors offering an infinite range of products that vary greatly in scope and function, the importance of software selection by end users cannot be overstated.