What is the best ERP software?
Here are my picks for the best ERP software to use this year.
1. Oracle NetSuite
The best solution for those who want to make better, faster, and more accurate decisions.
If you're looking for an overview of your business, you need the right ERP software. That said, I recommend checking out Oracle NetSuite, a comprehensive ERP system that can help you manage all facets of your business, from sales and marketing to finance and HR. With Oracle NetSuite, you'll have everything you need to make informed decisions and drive your business forward.
NetSuite is an all-in-one business management suite and ERP platform that encompasses ERP applications, finance, CRM, and e-commerce for over 18,000 satisfied customers.
Additionally, it is a reliable, world-class organization that enables enterprise-wide automation in the cloud through seamless integrations.
Features
- Financial planning and management : Helps you combine financial information with instant business intelligence to speed up decision making. It also helps make forecasting, scheduling, capacity, and overall planning decisions.
- Order Management : Combines sales, finance, and order fulfillment business processes to support pricing and order management.
- Production Management : Enables complete control of production schedules and processes and contributes to effective management of the product life cycle.
- Human capital management : Helps you get the most out of your investment in human capital by ensuring that the right person is assigned to the right job.
Pricing
The plans are based on quotations and are tailor-made and customized for individual needs.
Pricing depends on the integrations needed, add-ons available, etc. The base license costs $999 per month and the access cost is $99 per user per month.
More efficient storage operations to improve productivity The NetSuite financial dashboard in Cash 360 allows you to see your cash position as well as forecast short-term cash flow using NetSuite transactional data.
Start with NetSuite.
2. Microsoft Dynamics.
The best solution for those who want to offer the best operational experience to their customers.
If your business operates in finance, retail, and manufacturing, Microsoft Dynamics is the software that I recommend. One of the main reasons I recommend this software is because it provides businesses with a comprehensive view of their financial situation. The software also offers excellent support for resources, such as inventory and production.
Microsoft Dynamics is an ERP and customer relationship management (CRM) software system that is ideal for sectors such as finance, retail, manufacturing, etc. Currently, it is used by more than 200,000 players worldwide.
Features
- Targeted industries : Focuses on multiple industries including retail, services, manufacturing, finance, and the public sector.
- Predictive analysis : The integrated analysis module enables the generation of actionable information and robust reports.
- Third-party integrations : Widely integrated with several applications, such as Outlook, Lync, Sharepoint, Word, among others.
- Mixed reality : The ERP software system can provide layout (allows you to design physical spaces virtually) and remote assistance (collaborate with employees via HoloLens).
- Extensive marketing : Thanks to Adobe Marketing Cloud and Dynamics 365, it forms a closed-loop marketing system that allows you to analyze the results of your marketing campaigns.
Pricing
Microsoft Dynamics offers four pricing plans.
- “Customer Engagement” plan costs $115 per user per month
- “Unified Operations” plan $190 per user per month
- “Dynamics 365” plan costs $210 per user per month
- “Applications & Offers” plan $40 to 170 per user per month.
The ability to access more data and knowledge will help them make forecasts, compare annual forecasts, etc. Harness the power of data and AI to improve content creation and delivery in marketing.
3. Sage 300.
The best solution for running a business from a single location.
Are you looking to manage inventory, finances, and business operations more effectively? Sage 3000 is an enterprise resource planning software that can help. I like this product because it focuses on growing the business based on its specific needs. With the ability to automate your finances, you can focus on other business areas while leveraging proven solutions that have worked for other businesses.
Sage 300 is a Windows-based ERP system that runs on Microsoft SQL. It currently has over 2 million users worldwide and is perfect for small and medium-sized businesses.
Features
- Management of several businesses : This ERP software system makes it very easy to manage several companies and accounts. It also facilitates the communication of results by company and by consolidated company.
- Simplified international trade : International business can be complicated, but Sage 300 makes it easier by managing an unlimited number of currencies, exchange rates, and automating gains or losses from fluctuations.
- Inventory Management : Inventory management tools take care of critical steps like shipments, returns, and adjustments. Sage 300 also offers inventory tracking across multiple sites.
- Automate finances : All the management of your finances is automated, as well as the monthly reconciliation of bank statements.
Pricing
- Pricing is personalized and based on a quote. It depends on a wide range of factors such as the number of users, support needs, features, etc.
Change the font size of the web interface to improve readability for users. Sales withholding tax is a new feature that allows businesses to withhold tax when billing customers.
4. Odoo.
The best solution for those who want the right solution to help employees do their jobs.
It's a well-known fact: employees who are happy and satisfied with their work are more productive.
The opposite is also true: employees who are not satisfied with their work are less effective. That's where it comes in Odoo.
With software that integrates applications that can help with everything from customer relationship management to project management, it's no wonder that more and more businesses are switching to Odoo - and that's why I recommend that you discover it as an ERP solution.
Try Odoo
Odoo is a comprehensive, all-in-one ERP business software that offers a wide range of applications such as customer relationship management, project management, ERP modules, inventory and warehouse management.
Features
- Inventory Management : Odoo has a unique double-entry inventory management system that follows the complete product journey from manufacturing to sales.
- Quality checks : The ERP software can automatically ensure quality checks for the manufacturing department.
- Customer portals : Customer portals ensure that customer data is stored and accessed in a highly organized manner.
- Centralized employee database : The ERP software system can combine all human resource data and staff details on the same platform for instant access.
- Automatic inventory adjustments : A function tailor-made for e-commerce businesses, stock can be maintained through automatic stock adjustments.
Pricing
Initially, the “Odoo Enterprise” plan offers a free 15-day trial period. After that, the price is $24 per user per month (paid annually). You'll need to pay extra if you need additional apps. Apart from that, the “Odoo Community” plan is completely free.
To schedule a new meeting, fill in your calendar or select an appointment type, making it easy to manage your time. Localization carried out for the Czech Republic and Slovakia, with a long-term plan for other countries.
5. Infor.
Ideal for those looking to better manage business operations.
A thorough understanding of your ERP requires analysis. By ensuring that your data is accurate and accessible, you can model various “what if” scenarios to find the optimal solution for your business. The benefits of Infor come when you can dig deeper into data and see how it affects different parts of your business. If you want to know the exact figures for your business, Infor is the software for you.
Infor is a cloud-based ERP software system that addresses a wide range of industries, such as manufacturing, healthcare, and retail. Its modern end-to-end solutions are powered by artificial intelligence. Additionally, they are built on the powerful Infor Coleman AI platform.
Features
- Data analysis : With its integrated data analytics suite, it can provide actionable insights that businesses can adopt. Additionally, it can process a large amount of multi-dimensional data, which can help you visualize results in multiple ways.
- Planning and Scheduling : It allows workforce planning that can help businesses plan production and take care of scheduling. It also ensures that there is no shortage of workers and that production requirements are met.
- Workforce Management : It optimizes the recruitment process and ensures that you hire the right talent for the right jobs.
- Asset Management : It helps you maximize asset reliability and performance, predict failures, take preventive actions, and streamline various business processes.
Pricing
Price details are not available on the website. You should contact the company to get a detailed quote.
The new Quota and Forecast views show how an individual is performing against their goals and can help with sales planning. The activity list view now supports standard list view groups and functions, making it easy to manage your workflow.
6. Syspro.
The best solution for those looking for an ERP solution that works on their terms.
Based in South Africa, Syspro is an ERP software platform that focuses on streamlining business activities such as financial management, warehouse management, and inventory management across the supply chain and business operations.
It specializes in the manufacturing resource planning and distribution sectors and is currently used by more than 300,000 professionals worldwide.
Features
- Digitization of the business : The ERP software system is focused on adopting emerging value-added technologies, and on using AI to facilitate integrations.
- Security Management : Four-dimensional security management takes care of access levels, controls, visual monitoring, and auditing.
- Advanced technology architecture : ERP software offers a unique combination of robust and scalable solutions that minimize risks and maximize return on investment.
- Advanced financial management : Syspro offers basic financial and accounting functions and provides essential information to minimize financial risks.
Pricing
Syspro does not display pricing plan options on its official website. You should contact the company to receive a personalized quote.
7. SAP Business One
This solution is ideal for people who want more information and control to make effective decisions in real time.
Considered as an ERP software system for small businesses (SMEs), SAP provides complete visibility and control over all aspects of your business. It's not the best fit for mid-sized businesses, but it's integrated into the SAP HANA platform and has over 100,000 users.
Features
- Financial Management : Helps improve margins, reduce errors, and strengthen profitable decision-making.
- Sales and customer management : Enables more effective supervision of the entire sales process and customer lifecycle.
- Reports and analytics : Design detailed reports on all aspects of the sales funnel, from forecasting to pipeline monitoring.
- Customer Management : Store all of your customer information in a central repository for easy access.
- Marketing campaign management : Create and manage marketing campaigns to convert prospects into customers.
Pricing
The price may vary depending on several factors such as deployment, integrations, and required add-ons. Usually, for a professional license, the price is $94 per user per month. For a limited license, the price is $54 per user per month. However, to get an accurate quote, you should contact a sales representative.
8. Workday.
The best for an ERP solution that evolves as fast as the business world.
Workday is an on-demand, cloud-based ERP software for medium and large businesses. His main areas of interest are financial management and human capital management.
The most interesting thing is that it is relatively inexpensive and quick to set up. Workday's entire business model consists of offering subscriptions for the use of various services rather than selling the tool.
Features
- Business planning : Provides comprehensive financial and workforce planning to help businesses adapt and be flexible.
- Financial Management : Provides holistic management such as accounting, finance, audit and internal controls, financial planning, expenses, inventory, and more.
- Human capital management : It offers a comprehensive set of functions such as talent management, workforce planning, payroll management, people experience, recruiting, compensation, and more.
- Analytical : The integrated analysis module helps to make decisions based on data.
Pricing
Price details are not available on the website. To get a personalized quote, you need to contact one of the sales representatives.
9. Deltek.
The best solution for streamlining and automating core business operations.
Deltek is an ERP system that focuses on providing business solutions to customers and helping them automate and connect the project lifecycles that fuel their business. It allows you to manage, develop, deliver, and measure every aspect of your business holistically. What sets it apart from many of its peers is that it offers both on-premise and cloud hosting options.
Features
- Project and portfolio management : With features like Winsight analysis, business planning, and planning tools, it also provides a platform for project management with cost, reporting, and risk analyses.
- Information Management and Collaboration : It gives you access to all information through a single repository, allowing teams to better communicate and speed up approval and review procedures.
- Human capital management : A great feature that allows businesses to hire the right talent for the right job.
- Vantage Point for A&E and consulting : A comprehensive solution for architecture, engineering, and consulting firms to manage projects from start to finish.
Pricing
Prices are not available on the website. To get a detailed quote, you should contact one of their sales representatives.
10. Epicor.
The best way to use the right data to increase momentum and profitability.
Built for manufacturing processes and growth, Epicor helps businesses and manufacturers use data and automation to maintain or increase profitability
Features
- Full CRM : Helps businesses manage leads, customers, contacts, and quotes.
- Planning and Scheduling : Anticipate and respond to changes in demand to minimize downtime and disruptions.
- Human capital management : Effective and efficient management of human capital, assigning the right tasks to the right people, and promoting a culture of collaboration.
- Enterprise content management : Manage, access, retrieve, and store documents and content anytime, on any device.
- Project management : Helps you comprehensively plan and execute multi-level projects.
- Sales Management : It manages your sales process throughout the sales funnel. It makes it possible to provide accurate estimates, to streamline the cycle from order to receipt, and to process orders flawlessly.
Pricing
Prices start at $175 per user per month. Thanks to a modular architecture, you can pay for the specific functions or modules you need. For a more personalized and tailor-made plan, you can contact sales representatives to get a quote.
11. Kronos.
The best way to manage tomorrow's workforce - today.
Kronos is a business application and a comprehensive suite of workforce management solutions, capable of managing end-to-end business functions and processes. It offers impressive features and has over 300,000 users worldwide.
Features
- Payroll processing: Streamlines the entire payroll process for greater efficiency, speed, and ease.
- Send automated alerts: With this ERP system, you don't need to send alerts yourself. Simply create notifications and send them at pre-determined intervals.
- Compensation planning tool: Using their comprehensive compensation planning tool, create compensation cycles based on business or business unit requirements.
- Compensation Management: These systems offer a comprehensive solution that eliminates the need for Excel and spreadsheets and makes the workflow autonomous.
- ACA Management: It is one of the few enterprise resource planning systems that offers comprehensive ACA (Affordable Care Act) management.
Pricing
Price details are not available on their website. For a personalized quote, contact one of their sales representatives.
What is ERP software?
Enterprise resource planning (ERP) software tools are business process management software that allow a business to organize the multiple processes involved and manage them all on a single platform.
These are very powerful software systems that allow a company to perform all ERP functions related to technology, services, finances, and human resources.
A typical ERP system consists of numerous modules that cover all business functions. Each module is dedicated to a commercial function and takes care of all of this specific function.
Here is a list of all the modules included in typical ERP software:
- Procurement: maximizes cost savings through the best procurement process possible.
- Production: assistance in planning and optimizing production capacity
- Distribution: deals with issues such as storage, supply, and demand.
- Accounting: covers all financial functions, as well as compliance with regulatory requirements.
- Human resources: dedicated to HR
- Corporate performance and governance
- CRM software : maintaining relationships with customers
- Sales: takes care of activities such as forecasting, scheduling, order processing and placement, etc.
Such an ERP software solution has made considerable progress in facilitating the smooth flow of information. They allow a company to examine how different processes such as production, finance, human resources, etc. can work together in perfect sync.
ERP software tools allow businesses to see the big picture and to think of the business as a single entity, which is not divided into multiple units.
They can be classified based on a variety of factors.
However, in general terms, they can be classified in the ERP software types following:
- Industry-specific : They are specific to the industry in which they are used. Prior to deployment, a thorough understanding of the business, expected results, and key performance indicators is required to achieve the best results.
- ERP for small businesses : These ERP solutions are intended for SMEs. They are very cost effective because they do not contain features that are not likely to be used in a small business.
- Web-based enterprise resource planning software : Also known as cloud-based ERPs, these platforms are also accessible via a web browser. They are accessible at any time and from anywhere since they only require a fast Internet connection.
What are the advantages of ERP software?
ERP software offers a number of advantages. Some of these benefits when using these systems are:
- Long-term cost reduction (despite the high cost of implementation, efficiency is improving and reducing the overall cost).
- Better accessibility to information
- Better collaboration between business units
- Generation of insightful reports and data analysis.
- Facilitates smarter, data-based decisions
- Enables high level personalization
- Enhanced data security (protection to ensure the smooth flow of data between the various stakeholders)
- Ease of complying with business regulatory compliance
- Scalability
- Supply chain management efficiency is improved
- Helping the business make accurate and reliable forecasts
- Reduce operational costs in the long term
FAQs
What is ERP software?
ERP software is a system that allows businesses to manage their resources, including cash flow, inventory, and employee data, in a single system. This can improve efficiency and help businesses make better decisions about allocating their resources.
What are the advantages of ERP software?
The benefits of ERP software include increased efficiency, better decision-making, and streamlined business processes. Additionally, ERP can improve communication between departments and help businesses become more agile.
What are the typical characteristics of ERP software?
Typical ERP software features include financial management, inventory management, human resource management, and sales and order management. Additionally, many ERP systems include modules for quality control, production planning, and project management.
Summary.
Choosing the right enterprise resource planning system can put you in a dilemma. After all, every business is unique and has different requirements when it comes to their ERP software system.
Among the various qualitative and quantitative parameters that should guide the purchase choice, let's mention:
- Market share
- Ease of implementation and use of ERP
- Training period required
- Scalability and flexibility of ERP software
- Proposed integrations and possible partnerships
Remember that this is a long-term investment, so choose carefully. Aligning the functionality of your ERP system with your cross-department goals and business needs is critical.
Further reading: Check out my reviews of best project management software and to collaborate with your team and best marketing automation software to try this year.
The accounting software is rapidly becoming one of the most popular enterprise resource planning software on the market.
Knowing which options are best for your business is a good idea and should be part of your business continuity plan.
RECOMMENDED READING: Guide to the benefits of using an ERP
