It's still hell, just a different kind of hell.

Bespoke is a genuine competitor. In the UK it's not uncommon for SAP implementations to cost several million £s, this could be used to build bespoke software.

There's a massive risk here though - there are thousands of ways bespoke ERP can go wrong. Underfunding the project causes problems, but arguably the worst projects were overfunded. Then there's recruiting the right people and developing the right culture - archaic business hierarchies are almost mutually exclusive with good software teams.

In other words, there isn't really a very good option. You can understand why business leaders, who are often not technology experts, would go with something that has 'worked' for them in the past.

Out of the box, probably nothing. Something that supports all features you will actually want to use? That depends on who you are and what you actually need to do but, then, you'll need to figure out what you want, what you need and what is available on the market. This assessment is, in itself, quite costly.