Top ERP System Examples

No comments

Enterprise resource planning software (ERP) is made up of tools intended to facilitate the management of all information that impacts a company’s business decisions. Depending on your company’s niche, you’ll benefit from different functionality available in ERP software. Manufacturing companies have different needs than consulting firms. Businesses that focus on retail require distinct capabilities than those in the financial sector. This article can help you learn more about what functionality is available in different ERP examples and evaluate which might be best for your corporation.

Compare Top ERP Software Leaders

ERP Examples

What is an ERP system?

Before we get into our list of top ERP system examples, we want to address the basics. So, what exactly is an ERP system?

ERP software is a large suite of integrated applications that manage everyday business processes and automate back office functions. It’s designed to centralize and optimize operations with its connectivity, while reducing manual labor.

For example, in the supply chain industry, an ERP system could automatically run a financial analysis and predict future stock needs to keep inventory at a healthy level. This process control ensures that the manufacturing department is performing at optimal capacity and in-demand products are in stock. At the same time, the CRM module could record customer data such as order history and billing information. This visibility can improve sales strategy. CRM systems are their own standalone software, but robust ERP systems come with a CRM built in, eliminating the need for integrations with one streamlined product. In this scenario, a couple of ERP capabilities work together to ensure a company will have the products that their customers want, and ultimately, improve customer satisfaction.

We just demonstrated the abilities of two features, but ERP systems come with several. Below is a comprehensive list, and then next we’ll explain what a couple of these features can do.

  • Financial Management
  • Human Resources
  • Inventory Management
  • Supply Chain Management
  • Business Intelligence
  • Customer Relationship Management
  • Distribution Management
  • Manufacturing Management

Get our ERP Software Requirements Template

Financial Management

An ERP system can automate, simplify and evaluate most accounting processes. What can take employees days to analyze and compute can be achieved within minutes using an ERP solution. This type of software can facilitate payroll, budgeting, billing and banking operations. It can conduct cost analyses to better manage cash flow and forecast future growth. Using an ERP product to perform these functions can reduce human error and help cut costs.

Human Resources

An ERP solution can not only help with hiring and training new employees, but also tracking their individual productivity. Each employee can log into the system and enter time worked and manage benefits and vacation time. ERP systems can automate payroll processes, removing the need for an extensive payroll department. It can send out employee surveys and news, provide an online community for employee collaboration and contain the policies and procedures for a company.

Inventory and Supply Chain Management

What begins with the sales team needs to flow seamlessly to the inventory management team. Inventory and materials management helps companies keep track of stock, set appropriate price points and locate items within the warehouse. Supply chain management eliminates the human error that can result in costly mistakes in the distribution system.

Manufacturing Management

Some functionality included in ERP software can benefit the manufacturing department by providing production control, process synchronization and quality evaluation. An ERP system can also analyze the financials of a manufacturing company and automatically adjust processes based on cost analysis and forecasting. The software can automate distribution scheduling that often takes up precious employee time.

We’re going to move onto examples of ERP systems now, but if you’d like to read more about ERP system features, we have that information for you here.

Compare Top ERP Software Leaders

ERP System Examples

Oracle ERP Cloud

Our first example of an ERP system is probably one you’ve heard of before. Founded in 2012, Oracle ERP Cloud is a modern, dynamic software that’s used by a wide range of customers.The suite of cloud applications leverages artificial intelligence and machine learning to automate everyday tasks.

This flexible tool can be configured to meet a range of needs and can be used by any businesses, regardless of their size, industry, or geography. Their core verticals include financial services, healthcare, higher education, manufacturing, and retail.

A stand-out feature of this innovative product is its Infolets. Infolets provide quick consumption of pertinent information through little buttons that are embedded into work areas. It monitors processes, tracks the status of transactions, and highlights issues and exceptions that may require a response.

The system includes support for twenty-six languages, the ability for users to move all of their on-premise applications to the cloud and the availability of live financial data. Oracle ERP Cloud doesn’t offer a mobile app.

Oracle Cloud ERP

Price: $$$$$
Deployment:
Platform:

Company Size Suitability: S M L 

Acumatica

Acumatica is designed for small and medium sized businesses. Acumatica specializes in several industries, including distribution, manufacturing, service industries, retail and e-commerce, construction, agriculture, chemicals, FMCG and transportation. Supported deployment methods include SaaS (cloud-based) or on-premise.

The system has capabilities such as self-service reporting, document management and approval workflows. It supports analyzing data with embedded Microsoft Excel and Power BI capabilities. All capabilities are fully integrated and built using standard Microsoft tools.

Acumatica offers a flexible pricing model that’s based on specific requirements such as desired applications, licensing and projected level of consumption. In June 2019, Acumatica was acquired by EQT.

Acumatica

Price: $$$$$
Deployment:
Platform:

Company Size Suitability: S M  L

Compare ERP Pricing & Costs with our Pricing Guide

BizAutomation

Our next ERP example is a comprehensive cloud software that prides itself on addressing all business processes within one system, eliminating the need for related applications. BizAutomation caters to small to medium-sized businesses in the wholesale, retail, e-commerce, services, distribution and manufacturing industries.

It comes with tools for ERP, CRM, financials, e-commerce, distribution, order management, manufacturing, procurement, project accounting and inventory management. It uses a hybrid cloud approach comprised of a private solution cloud that is a tier 1 SOC and AICPA compliant data-center, and a public cloud that is used for data redundancy.

The system’s multi-channel integration feature provides unique sales order management capabilities that can generate orders by connecting with Shopify, BigCommerce, Woo, Magento and other platforms.

Their implementations normally have a timeline of one to three months.

BizAutomation

Price: $$$$$
Deployment:
Platform:

Company Size Suitability: S M L

SAP S/4 HANA

SAP S/4 HANA revolutionalizes business processes with a cloud ERP solution that has embedded analytics, robot process automation (RPA), artificial intelligence (AI) capabilities and more. The system leverages cutting edge technology, big data and works with industry-specific requirements to help businesses evolve alongside their marketplace.

It’s designed for large businesses and comes with features such as financial management, asset management, production planning, supply chain management, procurement, contract management and more. One of the more popular features is the sales performance management feature, which can monitor salespeople’s performance and implement incentive and commission management programs.

SAP S/4 HANA offers a fourteen-day free trial and provides the Fioro user experience, role-based guided tours, capabilities and workflows. SAP S/4 HANA has a long implementation cycle when compared to other ERP solutions.

SAP S/4 HANA

Price: $$$$$
Deployment:
Platform:

Company Size Suitability: S M L

Compare ERP Pricing & Costs with our Pricing Guide

Oracle NetSuite ERP

Last on our list of ERP examples is a leading cloud-based ERP software that’s designed for fast-growing, changing businesses. Oracle NetSuite ERP is a scalable, customizable business management system for streamlining mission-critical processes.

SuiteCloud developer tools provide top-notch cloud customization capabilities that can broaden the system to fit business requirements or create new applications altogether. Built-in business intelligence (BI) capabilities can combine data with visual analytics to generate actionable business insights.

The tool can be used by small, medium and large businesses in a variety of industries.

Oracle NetSuite ERP

Price: $$$$$
Deployment:
Platform:

Company Size Suitability: S M L

Final Thoughts

We hope these ERP system examples helped you understand the variety of ERP functionalities on the market today. You can learn more about which functionalities your business would benefit from with our ERP requirements template or our ERP research and reports.

If you have any remaining questions or if you found this information useful, please let us know with a comment below!

Analyst-Picked Related Content
ERP Software Pricing Guide: Discover the true cost of ERP solutions
ERP Comparison Report: An Interactive analyst report with comparison ratings, reviews and pricing

Madeline ReinboltTop ERP System Examples

Leave a Reply

Your email address will not be published. Required fields are marked *