ERP Software Buyer's Guide
The Best ERP Software is About Streamlining and Centralizing Business Functions
By Lindsey Jenkins, Market Research Associate
Enterprise resource planning (ERP) software is a tool that centralizes data and integrates business processes from different aspects of a company. This software can contain features such as financial management, customer relationship management (CRM) and business intelligence (BI) tools. By putting all of these different processes into one software, data can be accessed across a business and used to develop smarter insights. Automation of operations is also commonly available among various departments due to this centralization.
When used effectively enterprise resource planning tools can increase productivity and boost revenue. However, to make sure your software implementation is successful, it’s essential that you create a list of ERP software implementation goals, consider the unique needs of your business and ask yourself a few questions regarding what you need from an enterprise resource planning vendor.
- Enterprise resource planning software provides improved insight into finances, increased efficiency, streamlined supplier management and effective customer relationship management.
- When implementing, keep in mind your budget, timeline, primary users, ROI and what resources you’ll need post-implementation.
- The effectiveness of ERP solutions depends on its user experience, workflow design, reporting tools, ability to freely share information and its implementation options.
- Vendors should supply expertise in your industry, be committed to their software, have platform stability and be experts in integration.
- There are specific questions to ask your vendor during demos and when you consider pricing. Make sure to prepare an exhaustive list of items so there is no room for doubt before your company signs on with a vendor.
What this Guide Covers
See how the top 10 enterprise resource planning software leaders fare against the most common key requirements
Enterprise resource planning software provides a centralized platform through which an end-user can access a suite of applications and data from various company processes. These applications are used to manage all aspects of business and are ideally fully integrated. The integration that an ERP provides allows applications to share vast amounts of stored information across the program. These aspects of ERP provide numerous benefits that other similar software cannot provide.
Here are four of the key benefits of implementing an ERP:
Gain a Company-Wide View of Accounting and Financial Performance
ERP solutions are purpose-built to give you a company-wide view of accounting and financial data. Unifying accounts payable and accounts receivable into a single tool connected to other aspects of an organization delivers more insights than were ever available using accounting software alone. ERP products make it possible to track standard production costs and cost variances, along with making it possible to see how supply chain and services costs can be better managed. Getting a 360-degree view of accounting and financial performance is achievable with enterprise resource planning software, making your business easier to run and more efficient.
Access Higher Levels of Efficiency With Integrated Business Processes
The top ERP solutions excel at integrating diverse workflows and business processes to deliver greater efficiency and control over company-wide strategies and programs. The ability to track production performance and its impact on profitability is possible with a scalable ERP solution. By reducing the time spent on manual reporting, the selling and production processes can shrink from weeks to hours.
Improve Marketing and Sales Strategies With a 360-Degree View of the Customer
By integrating marketing, sales, production and finance workflows, ERP software deliver a view of the customer lifecycle from leads to shipments. Sales volume can increase with the addition of detailed customer information, such as what a customer has previously purchased, what they’ll likely busy in the future and their pricing history. By maintaining and using these customer metrics, you can produce more targeted ads based on collected data, which could lead to an increase in revenue. Enterprise resource planning software that can scale to support customer information also reduce order errors and track customer lifetime value with greater precision.
Boost Supplier Quality and Delivery Performance
Knowing who the best and worst suppliers are from a quality, pricing and schedule accuracy standpoint is indispensable in running a successful business. Enterprise resource planning software is designed to track transactions with suppliers and provide insights into which are the best fit. Additionally, these tools make it possible to reduce supplier risk by having greater insight into vendor quality and delivery performance levels.
Expert recommendations and analysis of the best enterprise resource planning software
As we’ll discuss throughout this guide, ERP implementation is a lengthy and complicated process. Around every corner is the potential for hidden costs and opportunities for mistakes. However, if you keep a few goals in mind during implementation, you can avoid some common mishaps.
Maintain implementation budget and timeframe
In order to maintain your implementation budget and timeframe, you need to set benchmarks. By breaking your implementation up into smaller projects, it’s much easier to keep track of your progress. According to a 2019 study from Panorama Consulting Solutions, 45% of ERP implementations go over budget. Many implementations also take a longer time to deploy than expected, which is why a clear set of expectations pertaining to budget and timeline is so essential to success.
Make sure primary users are happy
While conducting vendor research, it is essential that you keep the company’s best interests in mind while also accounting for the needs of daily users. The reality is that your employees will be the ones who dictate how much value your company gets out of an ERP platform. Knowing the everyday aches and pains that your employees encounter will ensure that you purchase an effective tool that is useful to your team.
Create an ROI objective
Developing a concrete revenue or productivity goal can help you determine whether or not your implementation was successful. By creating this benchmark and tracking your company’s progress, you can more accurately measure and eventually increase your ROI.
Set yourself up for post-implementation success
Think about how you want your company to look after you integrate your new ERP solution into your regular activities. By creating this benchmark prior to implementation and selection, you can increase your odds of finding software that will meet these goals. Be transparent with different vendors about what processes you wish to automate and how you would like workflows to change. This will help ensure that you choose a vendor that aligns with your business needs.
As shown above, there are some goals that you should keep in mind before purchasing and deploying ERP products. The best way to accomplish these goals is to determine your business requirements. Creating a list of exactly what your business needs is necessary to decide where you will invest your IT budget.
Expert recommendations and analysis of the top enterprise resource planning software
Basic Features & Functionality
Every business has a unique set of needs, so the first step in a software selection project is to create a checklist of what your company needs most from an enterprise resource planning solution. There are hundreds of criteria to choose from with availability that varies from vendor to vendor. However, the framework of ERP can be broken up into a few main categories:
|Financial and Operations Reporting|| |
An ERP supports financial and operational tools such as AP/AR, asset management, risk management, tax management, dashboards and fundamental lists pages. Advanced financial reporting software also supports aging analysis, cash flow analysis and budgetary reporting. Advanced vendors offer flexibility in defining custom metrics and KPIs for use on dashboards. They also support reporting for customer, product and supplier profitability.
|Supply Chain Management|| |
Supply chain management encompasses tasks from product development to distribution. Therefore, this feature contains a large suite of tools such as distribution management, event management and purchase order (PO) processing that are intended to increase productivity. Distribution management features can assist in picking, cycle counting and production schedule management.
Event management can be defined in multiple ways — either as the actual logistics behind planning an event or as an alert system influenced by automation. For example, SYSPRO automatically sends notifications and emails when specific criteria are met. This could be exemplified by certain users receiving an alert when inventory levels for a product reach a certain level.
Lastly, the basis of the purchase order processing tool is to track purchase orders from the time they are issued until the request is completed. This helps to ensure timely service and compliance with customer needs.
|Customer Relationship Management (CRM)|| |
CRM modules can assist in customer account management, sales order management and marketing resource management (MRM). These tools can help track customer purchases in an effort to develop catered advertisements. Some enterprise resource planning tools even allow you to rescind the ability for certain customers to complete purchases due to past financial issues or other factors.
Sales order management capabilities can allow you to create detailed reports based on information such as receipts and back orders. It supports the sales cycle from the time a lead is generated until the shipment of a product is completed. On the other hand, MRM allows you to allocate your marketing resources through the creation of marketing campaigns and promotions. MRM can use data to target potential customers for certain campaigns and may also track campaign data to measure effectiveness.
|Human Capital Management (HCM)|| |
HCM manages your employees from the time they are recruited through the time they retire. This software might include the ability for employees to request time off, tracking of the number of hours worked in a week and visualization of compensation that has been paid or is pending. The portal may also contain personalized contracts and documents so that employees can access important information at any time.
|Data Visualization and Customizable Dashboards|| |
The main tenant of ERP software is the centralization of data and business processes. Therefore, data visualization is extremely important in a basic ERP solution. An effective ERP product will allow you to customize reports and data analysis. Additionally, graphical visualizations should be generated based on basic or customized parameters so that insights can be quickly developed. After all, it’s much easier to look at a line graph indicating how revenue is changing every month than it is to look at the compiled numbers in an attempt to generate an analysis.
Expert recommendations and analysis of the best enterprise resource planning software
Advanced Features & Functionality
In addition to the basic features enterprise resource planning software provides, there are a few additional elements that you might wish to consider when looking at different ERP solutions.
|User Experience|| |
The user experience design and usability of enterprise resource planning software is rapidly improving. Many vendors are transitioning from complex text-only interfaces with confusing commands to more intuitive, graphically driven screens. When evaluating an ERP for your company’s needs, you should look for something that provides a dynamic, user-friendly experience. Intuitive navigation, easy UI customization, system-wide search and drag-and-drop graphics to create dashboards differentiate the most innovative ERP providers today. Lists pages are becoming a standard user experience design element in many enterprise resource planning software as well.
Leading vendors are beginning to make reports, charts, Key Performance Indicators (KPIs), embedded analytics and business intelligence (BI) tools all part of their configurable user interface options. These analytics features are being added to the user interfaces of ERP platforms to provide users with the opportunity to drill down on data sets while also maintaining a contextual reference of original reports.
|A Unified System|| |
The main focus of enterprise resource planning software is often accounting and finances. However, many vendors also include CRM, human capital management, manufacturing and distribution management, supply chain management, distributed order management, and pricing. Some options house scalable modules or tools that were acquired from smaller companies.
It’s common to find that an ERP provider’s applications share a sub-segment of data, especially if the enterprise resource planning tools are part of the suite as a result of acquisitions. Testing each application in the suite with unified workflows, determining inter-application integration support and if there is a single data model are all essential steps to take before purchasing a suite of enterprise resource planning applications.
|Implementation Options|| |
Cloud-based solutions are rapidly increasing in prominence. A Gartner study predicts that the cloud services market will grow by 17.3% in 2019. Implementation of cloud ERP software is relatively straightforward and often includes educating users about how best to use the software. Integrating a cloud-based ERP with third-party legacy tools is where implementation options such as application programmer interfaces (APIs) become a priority.
Often, cloud-based vendors will rely on third-party services firms to provide integrated software and support. Several enterprise resource planning software is sold today that runs on standalone servers. Implementation options for these tools include Linux, Unix and Windows integration expertise to the operating system level. It can be helpful to evaluate an ERP provider’s knowledge of the operating system, server, database integration and support for legacy ERP integration. One specific legacy enterprise resource planning integration that you might want to look out for is SAP R/3 instances, which are prevalent in larger enterprises.
|IoT Integration|| |
Integration with the internet of things (IoT) is especially beneficial to manufacturing and distribution operations. How IoT works is that it connects devices through the internet via smart devices, RFID tags, barcodes, etc. Some examples of how it could be used is that if you have IoT-enabled machines in your manufacturing center, you could look at them in real-time to see how many machines are currently in production and how many are sitting dormant. You could then analyze this data to find what percentage of time your machines aren’t in the production stage.
Another way that IoT can help a business is through transportation. If your fleet is connected to the internet, you might be able to better predict shipment times and item arrival dates. This could then lead to an increase in customer satisfaction due to increased visibility in regards to the distribution process. For example, think about how frustrating it is when your bag is lost at the airport. However, some of that annoyance can be slightly alleviated by knowing which city your bag unwittingly ended up in.
|Multi-Site Support|| |
For large enterprises and companies with manufacturing and distribution facilities located in various locations, multi-site support is essential. Some vendors offer these enterprise resource planning tools so that you can integrate and visualize operations across the entirety of a business. This functionality might also allow you to determine which production location is most well-suited for an order based on factors such as inventory levels and proximity to the customer.
A related component of multi-site support is the ability for multiple currencies to be supported in enterprise resource planning software. If you have offices in both Poland and the United States, you are likely using different forms of currency to conduct business. Accounting for conversion rates is an incredibly helpful tool for businesses with international operations.
Expert recommendations and analysis of the top enterprise resource planing software
What Types of Businesses Use ERP?
ERP is a diverse solution with options for many different businesses. Some ERP products are built for a specific industry, but many solutions are customizable or configurable to work with a diverse range of companies. Here is an list of some of the sectors where ERP solutions are commonly used:
- Food and Beverage
ERP Software Comparison
No two ERP solutions perform in exactly the same way or contain the exact same functionality. Make sure to do as much research as possible into how exactly an enterprise resource planning solution can enhance your business functions. Ask colleagues at other companies what software they use and how it’s useful. Keep in mind how your businesses are similar and how they’re not. Understand how your current software is lacking or even how it’s being underutilized.
Once you get an overall idea of the kind of tools you’re looking for, it’s time to jump into software comparison. Our in-depth ERP comparison matrix is an interactive tool you can use to compare market leaders based on their functionality. Our analyst team has evaluated and ranked the top ERP software based on how well they fulfill features like the ones listed above. ERP selection is an extensive process, but it’s only worthwhile if you’re meticulous along the way.
SelectHub provides buyers with numerous tools to make the software selection process a little simpler. We manage the software requirements for thousands of companies and through this have been able to compile data on vendor shortlists. From a sample of over 700 companies, we can see how often top vendors make it into a buyer’s ERP list.
Questions to Ask Vendors
The ERP platform that you select for your company needs to align with the unique workflows of your business. There are hundreds of ERP companies selling software today. Knowing which ERP providers excel in your industry will help you gain greater insight and context into who needs to be on your shortlist.
Do you have any workflows that highlight my industry’s unique challenges?
The most important criteria for evaluating any ERP provider is whether they have previous experience with your industry’s specific requirements and unique needs. Be sure to ask for examples of customers who are currently using their software to solve comparable industry challenges.
What advanced financial reports does your software provide?
A better ERP will support accounts receivable and accounts payable analysis, multi-site financials, price analysis and the ability to rank customer and supplier profitability. Just providing dashboards is not enough. The highest performing ERP platforms today can do advanced financial analysis based on operations-driven data.
How can my manufacturing team make use of the ERP tools?
There are many uses for ERP information across the manufacturing floor of a business. Look to see if the ERP vendors you are evaluating mention bill of materials (BOM) management, quality ratings by suppliers, inventory position by part, production scheduling, manufacturing execution system (MES) support and backlog management.
How can my sales team make use of the ERP software?
Sales can quickly run reports to find out which customers’ orders have shipped, which are in backlog and which are just getting started by production. Having this information at their fingertips gives them the ability to serve customers more effectively while also upselling new products and services. With advanced ERP tools, sales management can see what pricing programs are working the best. Given insight into the best sales tactics, teams can collaborate to develop effective selling strategies.
Does the software integrate data from multiple departments?
When you combine information from different areas of the business, you can analyze factors such as how the latest marketing campaign affected sales and whether you had enough inventory to support that growth. This can also help you forecast growth and tailor protocol to the way you predict the company will operate in the future.
Will the software grow with my business?
If you’re investing in an ERP solution, you don’t want it to be obsolete in a year. Plan to implement software that will last at least ten years and it should be scalable. Find out what the limitations are on the scale and reporting capability of your software so you can make an adequate decision about whether the software is right for you.
What is the UX of the software like and how often is it updated?
The best vendors are making ongoing investments to improve the usability of their applications and to improve the overall user experience. ERP products are known to be very challenging to learn and use, and with the emphasis on user adoption driving the business model of today’s ERP companies, improving usability is critical to growth. Finding out how committed the ERP providers you’re evaluating are to delivering excellent usability begins with demos and progresses to seeing actual, live customer implementations.
What platforms are supported?
When evaluating vendors, ask to see the platform roadmap. Be sure to also ask if the platform is based on proprietary code or an open architecture that scales to support expansion as your business changes and grows. The bottom line is that the platform strategy must allow for scale and speed while remaining flexible to your company’s changing information needs.
Questions to Ask Yourself
In addition to asking questions of specific enterprise resource planning vendors, it’s also important to ask yourself about ERP in general. Here are a few things you should ponder as you determine whether or not ERP software is the right solution for you:
Is ERP or standalone software the best tool for my business?
Take a look at the number and type of workflows that you are seeking to streamline and integrate into a single solution. Depending on the complexity and the integration capability of these various processes, you might be better off purchasing a few standalone tools rather than an ERP. However, if you are looking to centralize many solutions that are somewhat complex, software is likely the right choice for you.
What type of ERP strategy do I want to go with? How customized of a solution will I need?
ERP tools contain a lot of out of the box functionality that can be attractive to various companies. However, many businesses need to customize or configure their selected ERP solutions to match different unique internal workflows.
When considering whether an ERP is right for your company, you need to take into account the degree of personalization that you require. For example, if you choose to go with a “build your own” ERP via postmodern ERP strategy, you need to make sure that the tools that you combine to create your solution have high integration capability. Therefore, the desired level of personalization will have an impact on the strategy that you go with.
What type of accessibility will my users need?
If your employees need access to data and workflows when they are away from their desktop computers, then you will likely be interested in a cloud ERP solution. A cloud-based solution can be accessed whenever and wherever as long as you have internet access. ERP as a software has been around for a relatively long time compared to other technology. Therefore, some vendors only offer on-premise deployment. This is why it’s essential to look at vendors based on available deployment methods to see if their installation method aligns with your company needs.
The traditional model of enterprise resource planning software pricing is going through a revolutionary shift away from perpetual licensing to subscriptions.
Many long-standing vendors are urgently seeking to transition to the latter model. This is because many on-premise customers are migrating their apps and workloads to cloud platforms. Because of this, ERP providers are seeing their on-premise revenue dwindling as long-standing customers abandon legacy tools for cloud-based platforms that offer an economic advantage.
These disruptive forces revolutionizing the ERP landscape work to the advantage of software buyers today. Given how future revenue streams for ERP providers are entirely dependent on the pricing frameworks, strategies and programs they put in place today, buyers can define pricing terms to their advantage.
When negotiating pricing with software vendors, it’s essential to keep the following key takeaways in mind:
Every ERP provider has a series of pricing models that vary by the customer segments they sell into and profit goals by product and region.
All ERP providers rely on a series of pricing models and selectively present them to potential customers based on their needs, preferences, hardware prerequisites, geographic location and requested modules. Perpetual pricing, which involves a large upfront fee to purchase the rights to use an ERP program indefinitely. Annual maintenance contracts can range from 15% to as high as 25% of the purchase price of the software.
Vendors have moved on to per-resource models and subscription-based approaches to generate higher maintenance revenues.
Fixed fee or perpetual licensing is most prevalent for on-premise ERP products, while package pricing spans both on-premise and cloud-based software. It is common to see ERP pricing models that include Per CPU, Per Seat, Per User, Per User/Per Year and value-based pricing.
Minimize add-on customizations of an ERP and take a best fit approach to trim pricing by as much as 10x.
Choosing the “best fit” ERP solution for your company’s needs and reducing or eliminating customizations will significantly reduce the overall price. Customization can also lead to increased costs down the road as your company deals with incompatible updates.
Subscription pricing is becoming more common as cloud-based ERP vendors provide more flexibility and accessibility to SMBs.
Of the many pricing strategies available today, subscription-based is the fastest growing and the one with the greatest variety of options for companies. The most common forms of subscription pricing include an initial setup fee and a monthly charge for the applications used.
Variations on the model include value-based and transaction-based pricing. Value-based pricing tracks the cost savings an ERP application generates through an agreed-upon approach between the vendor and customers. Transaction-based pricing looks at how many exchanges there are of payments for products, services and coordination across suppliers and buyers.
Change management costs can often become nearly as much as the ERP tool itself, including consulting, training and redefining process workflows.
ERP software itself is often the least expensive component of implementation, with the many costs associated with change management being the majority of the price. It’s essential to plan and budget for a change management strategy that includes training, customization, usability improvements and ongoing consulting to make sure those using the software get the most value from it. Change management strategies also need to be in place before new software is purchased and installed for its full value to be realized.
Consider deployment when creating a budget.
For an on-premise ERP, it’s crucial to have a budget in place for the hardware or infrastructure, IT staff costs, implementation and customization, maintenance and the actual software license. For cloud-based ERP platforms, the most significant costs will be subscription fees, implementation or customization. One major cost component to also think about is the integration between the ERP product and existing databases or third-party tools in your company. With on-premise software, this will require customization. With cloud-based software, there may be application programming interfaces (APIs) available to enable integration.
ERP software has been around for a long time. It has shifted and changed over the years to reflect the needs of its customers. As more and more businesses experiment with new ERP technology, implementation case studies are published to teach the do’s and don’ts of software implementation and how new technologies can affect outcomes. Check out our master ERP case study list to learn about new technologies available on the market and how to successfully leverage them for your company.
Microsoft Dynamics ERP by Microsoft is a group of business applications. It helps users run their business and improve their results using artificial intelligence-driven insights. Users can achieve a single 360-degree view of their organization and break through organizational barriers by sharing data across all departments. It also provides customer and business insights that guide users to better results. It is a comprehensive module that supports sales, operations, service, commerce and marketing. It has intelligent marketing and sales inclusions that nurture sales leads and build relationships with customers. It empowers agents to personalize interactions through automated workflows. Field service processes are supported, and it uses insights for preventive maintenance. It helps users improve financial performance and streamline operations.
SAP Business One is a comprehensive solution that helps users manage all aspects of their business affordably. It supports inventory, accounting and financials, project management, purchasing, sales, customer service, operations and human resources. It is easy to implement and scales with users’ businesses. It streamlines processes, gives insight and supports better decision making to drive growth and profitability. It runs on both Microsoft SQL and SAP HANA servers, allowing users to choose whichever suits them. Users can take advantage of functionalities, processes and best practices designed for specific industries with inclusions for small and mid-size organizations. They can align all the aspects of their operations to match the needs of modern customers. They can also predict, plan and streamline demand to deliver the goods shoppers want.
Oracle ERP provides a single location to manage and look at business processes across an organization. It allows users to visualize real-time information using dashboards. It also contains advanced financial management tools to streamline workflows and improve revenue.Can be used to help ensure regulatory compliance with industry and government standards. It also allows users to keep track of projects that they are working on and to allocate resources. Can improve vendor negotiations and reduce communication issues through its centralization of information.
NetSuite OneWorld addresses the complex multinational and multicompany needs of organizations. It enables businesses to adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and roll-up. Get unprecedented visibility of your business worldwide in real time, ensuring consistent, compliant management across the organization, locally and globally.
Acumatica enables users to centralize transactions and to view a company’s financial status in real-time. The program connects features such as the general ledger, accounts payable, accounts receivable and tax management to ensure that information is portrayed across all accounting aspects.This system is available for deployment both on-premise and in the cloud. It’s especially beneficial for businesses that are small- or medium-sized. The solution was purchased by EQT Partners, the owners of IFS AB, in June 2019. The vendors remain separate but share a chairman, resources and capabilities.
IQMS ERP platform contains integrated processes such as supply chain, finances, CRM and capacity planning. By connecting these workflows, employee productivity can be greatly increased, and bottlenecks can be identified and resolved. The program uses real-time data to adapt to fluctuations in customer need and to look at how the production process is actually working. This program is available both as a cloud-based or an on-premise solution, making it accessible to a range of businesses. It’s also suitable for companies of various sizes and industries, with a special emphasis on organizations with a heavy manufacturing component.
SYSPRO is software that allows users to centralize workflows such as sales analysis, inventory management and supply chain management. It provides visualization of various tasks and enables users to glean actionable insights through personalized workspaces.This program is available for deployment on-premise, via the cloud or through a hybrid model, meaning that it’s accessible for a variety of companies with different business needs and workflows. It is integrated with new technological developments such as IoT, AI and ML, giving clients access to the latest developments in the software sector.
Epicor ERP is designed for medium-sized businesses across a wide range of industries, with the highest adoption rates belonging to manufacturing and project-centric organizations. Its partnership with Microsoft Azure enables them to provide capabilities for analytics and expand the training-on-demand offerings.It manages leads, customers, contacts and quotes through its customer relationship management capabilities. It plans and executes projects with billing and costing requirements; it anticipates and responds to any change in customer demand. It manages global workforces and financial operations as well as coordinates service processes to provide resources and materials. It handles the supply chain, from forecasting to fulfillment.Core functionalities include human capital management, financial management, service and asset management, customer relationship management, production management, sales management, supply chain management, planning and scheduling, project management and product management.
SyteLine is a software solution that allows companies to streamline business through tools such as forecasting, automated compliance monitoring and the integration of financial systems. The program is offered by Infor, which is a software company that offers many programs that can be easily integrated with this solution. Some of the systems that are commonly integrated include Infor EAM and Infor CRM. This tool offers real-time visualization of the movement of materials and products in your warehouse. You are also able to create customized dashboards and reports to ensure that the insights you are gathering are highly relevant to your business. The program's available modules can be connected and used to automate functions that your employees would typically have to complete by hand, such as bank reconciliation. The integration capability and available modules in this system make it a highly configurable solution.
Sage Business Cloud X3 allows its users to collect data from various workflows and use those insights to inform and streamline operations. Automation can be implemented between processes such as sales and financial management to reduce the manual time spent on data entry and tedious communication among departments. For example, with Sage, the sales team could give discounts on products and have them instantly reflected in the financial system upon receipt of payment. This tool is available as both an on-premise and a cloud-based solution. It isn’t catered towards a specific industry or business size, which makes it a potential option for a variety of businesses. Sage offers a range of software that can be integrated relatively easily with this program so that you can customize your solution based on your specific needs. External services can also be implemented through APIs.
PeopleSoft is an end-to-end solution that automates and streamlines the supply chain and centralizes global transactions. It is suited for all industries and businesses of different sizes. It comes available as on-premise or cloud deployment. Oracle acquired PeopleSoft in 2004.
QAD Cloud ERP is an adaptive solution for companies looking to take control of their warehousing processes. It is scalable and works with evolving business needs. It is cloud-based and supports business processes specific to the industries they serve, and it has flexible deployment options.
IFS Applications is a suite of connected workflows such as accounting, warehouse management, distribution, sales and HCM. By integrating a range of front- and back-office workflows, the program aims to alleviate internal snags and streamline operations.The system contains real-time insights and can be accessed either through the cloud or via on-premise installation. It’s intended for use by medium and large companies. The program is highly integrative and contains various online support and training options for users.
Odoo offers more than 10,000 integrated business applications for website building, sales, business operations management and employee productivity. It’s available for deployment through the cloud or on-premises, and they offer implementation services. It’s suitable for businesses of all sizes and budgets. Its open-source model and strong technical foundation is developer-friendly and allows users to customize to meet their specific needs. With that being said, it's good for businesses that may have unique requirements. It’s fairly low cost of ownership and ability to centralize all business processes provides ample opportunity for reducing costs. Its integration capabilities allows the user to work from one centralized location, which ultimately can save an organization time.
Striven is a cloud-based, all-in-one business management solution with more than 20 years of experience in helping companies succeed by connecting and improving core business processes. With fully integrated accounting, CRM, inventory, project management and human resources features, it's comprehensive and robust. It helps users achieve total data transparency, unite their divisions & remote teams, report in real-time, predict & analyze, and save money on your subscription. It’s powerful, user-friendly and customizable to your specific needs.
Deltek Vision is an enterprise planning solution that helps users streamline the complete project lifecycle and increase profitability. It enables critical business processes via Deltek Cloud. It has project lifecycle solutions and manages pre-award, handles project close-outs, onboard new clients and projects and keeps projects on-budget and on-time. It also identifies the right talent, delivers against compliance and financial imperatives and measures KPIs across clients and projects. It is secure, flexible and scales with users’ businesses.
Blue Link ERP provides integrated inventory management and accounting ERP software for small to medium size businesses, and is best suited for those in the wholesale and distribution industry. As an all-in-one system, Blue Link helps businesses streamline and automate their processes by providing inventory management, accounting, order entry, warehouse management, and customer relationship management. In addition, Blue Link provides various add-on components such as point of sale, lot tracking, landed cost tracking, eCommerce integration and barcode scanning and can be customized in order to meet the specific needs of clients.
Visibility ERP is a software solution that centralizes a variety of business operations, such as inventory management, business intelligence, financial management, shop floor management and customer relationship management. It’s especially beneficial to companies that conduct engineer-to-order, project-based and mixed-mode manufacturing.Drag-and-drop functionality, KPI analysis, job cost tracking, barcoding and graphical scheduling are some of the included features. It’s also available for deployment both on-site or in the cloud, and multiple support methods are available, making it a flexible and easy-to-use option.
Inform ERP is a software solution that helps with distribution, production and financial activities. It integrates these processes to automate and streamline operations across various aspects of a business. Its financial management tool coordinates with production workflows so that as transactions are made, they are automatically inputted to the general ledger. It also allows users to plan transportation logistics and look at factors such as volume and necessary stops when planning routes. This program further enables users to optimize the supply chain through visualization and control of a variety of processes. Users can benefit from personalized dashboards that leverage real-time data so that quicker and more relevant insights can be developed.
SAP ERP supports a variety of workflows, such as financial management, order management, human resources and production management. These elements are centralized in one location, making it easier to glean statistical insights and to share information across departments without miscommunication. Deployment is available both on-premise and through the cloud, making it an efficient option for businesses with various needs.Automation, data visualization, human resources management and budget development are some of the key features included. These elements can help organizations improve productivity and boost revenue.
Focus 9 is a leading ERP software equipped with ultramodern technology by Focus Softnet, a distinguished enterprise applications provider designing products with leading-edge capabilities.The comprehensive web-based software, Focus 9 is furnished with advanced tools enabling organizations across industries to optimize the critical business functions including human capital management, accounting and financial, enterprise performance management, supplier and customer relationship management, and many others. This automation in everyday tasks allows management to focus on greater market opportunities and challenges.With the integrated platform of Focus 9 supporting customer relationship management (CRM) and human capital management (HCM) combined with ERP, organizations can replace their multiple complex systems and isolated applications. The modern software solution can connect the enterprises with the workforce, business networks, and all departments to drive growth through innovation.Focus 9, a fully secure ERP software, comes with comprehensive data security framework to provide secure access to data and applications. The built-in Single Sign-On (SSO) feature handles users and permissions in heterogeneous and hybrid landscapes to help businesses implement a compliant identity management system. Besides bringing the latest innovation, the simplified IT structure of Focus 9 adds to the advantage of providing greater experience with a much-improved user interface.
Oracle E-Business Suite, otherwise known as Oracle EBS, is an integrated suite of cloud based-applications for automating business processes within organizations. It consists of a wide range of capabilities that customers may pick and choose from. Its main characteristics relate to scalability and mobility. It caters to young, growing businesses and is designed for the modern mobile user that employs several devices in their operations. It’s intended to streamline business processes, increase productivity and improve profit margins.
Built on industry-first, patented supply chain technology platform, TECSYS' WMS has been designed to future-proof your business with several major performance advantages already built-in: Patented visual cues, visual-on-voice technology, collaboration with enterprise apps such as ERP and CRM, scalability to any business size and need, intuitiveness and ease-of-use, ability to modify workflows to fit the way users work, accessibility from anywhere at any time, expanded reach into DMS and TMS functionality, and supply chain visibility beyond the warehouse.
Sage Intacct gives users control over more basic accounting aspects such as general ledger, accounts payable and accounts receivable. However, it also includes more advanced capabilities that allow customers to individualize the solution based on specific needs. The program enables the creation of configurable dashboards and customized reports.This system is available for deployment both on-premise and through the cloud, making it an effective solution for a variety of companies. It offers role-based functionality to protect the security of information and to ensure that employees only access information that is relevant to them and that they should be privy to.
Every business has unique processes and needs, but ultimately, every business needs technology with comprehensive business functionality that ties the entire enterprise together, connecting all the moving parts and providing better visibility into operations. Aptean offers integrated Enterprise Resource Planning (ERP) solutions that help businesses operate more effectively and see the big picture—so they can make strategic decisions that keep them efficient and profitable.
Sage 300cloud (formerly known as Sage ERP Accpac) assists businesses in managing their finance and bookkeeping needs. It has handy accounts receivable, accounts payable and general ledger accessories to ease routine processes. Companies with intricate corporate structures like multi-entities, franchises and companies with international subsidiaries seek out Sage 300cloud because its general ledger accessory has robust consolidation features and easily ciphers intercompany transfersIts application programming interface (API) and software development kit (SDK) components make it an effective option. It can scale and extends its capabilities to customers in several industries.
Infor M3 is a cloud-based ERP for medium and large global distributors, manufacturers and after-sales service providers. It helps them manage complex, mixed-mode value chains and distribution-intensive environments. It helps them provide exceptional user experiences, flexible implementation options and industry-relevant capabilities in a multi-country, multi-site and multi-company environment. Infor M3 helps organizations adapt to industry trends, business models and their business’s growth. It has deep capabilities in chemicals, distribution, equipment, fashion and food and beverage industries. It provides on-demand computing with industry-specific capabilities to provide customer service. It is deployed on Amazon Web Services, providing service at low costs with a secure environment. It is available in 23 languages and supports local requirements for 42 countries.
Microsoft Dynamics NAV is a widely used software solution that benefits businesses of small and medium sizes. It’s a multi-faceted tool that assists in the streamlining of aspects such as accounting, contact management and inventory management. This program has high integration capabilities due to its status as a Microsoft product and is currently used by more than 100,000 companies. Personalization is a key benefit of this tool that is expressed throughout the program’s different modules. For example, you can customize dashboards and reports to ensure that your employees are obtaining useful insights quickly and easily. The program is also highly automated and can reduce human error through its connected systems.
Abas ERP is a cloud or on-premise solution for small and mid-sized businesses across various industries. It is equipped with core functions and additional advanced functions, such as project management, advanced planning and scheduling, business process management, production planning and control, financials and accounting, and more. Users can leverage it to aid production, warehousing, purchasing, management, finance and service.
Standard ERP is a powerful business management software that can be used by organizations of all sizes. Established and expanding businesses can benefit from using Standard ERP’s many integrated modules such as CRM, Quotations and Stock, as well as industry specific functionality for Hotels, Restaurants, Manufacturing and many more. With more then 30 years of industry experience, Standard ERP’s core modules are built on best practise methodologies, but also allows for various thirds party integrations which provides powerful analytics and dashboards, bank integrations, as well as specific sales tax reporting. Standard ERP continues to provide flexibility by giving the customer an option whether they would like to install their server on-premise or in the cloud, as well as which platforms they would like to use for their hardware. Standard ERP runs on Unix, Linux, Apple OS and Windows, a range of mobile devices, and is accessible through a web browser.
Fishbowl Manufacturing (FBM) offers advanced work orders, manufacture orders, bills of materials, and other tools you need to maximize efficiency in your production process whether you have simple or more complex manufacturing needs. FBM integrates seamlessly with QuickBooks Online and with Xero.
ERPNext is an open source business system for organizations of any size in various industries. It’s good for growing businesses that have limited resources and would benefit from scalability and strong customization. It has all of the standard capabilities an organization could need, plus more advanced capabilities, such as a multilingual website builder that can manage content as well as e-commerce requirements. With built-in integrations available, users can sync with Google, Slack, PayPal, Shopify and more to fully centralize their business operations. It can be hosted on their servers or self-hosted by the user. It can deploy in the cloud or on-premises. It also has a mobile app, so users can access company data and complete tasks when they’re on-the-go.
IFS Applications has long offered manufacturers an agile solution for enterprise resource planning (ERP). From the start, IFS recognized the need of manufacturers to operate seamlessly across multiple manufacturing modes. Manufacturing has become more complex, and today IFS Applications helps more and more manufacturers operate in any combination of: Make-to-stock, Make-to-order, Configure-to-order, Engineer-to-order, Batch process and Engineer-Procure-Construct
SAP Business ByDesign is software that integrates workflows such as supply chain management, customer relationship management and financial services. It uses real-time data analysis and visualization to streamline processes such as demand planning and bank reconciliation. As a part of SAP’s software suite, it can integrate with a range of programs, therefore allowing users to configure it to meet their specific needs. This system is intended for small and medium-sized companies. The product is hosted in the cloud, meaning that it can be accessed anytime and anywhere as long as an internet connection is available. SAP uses encryption and highly secure data facilities to ensure that client information is protected.
Thrive in a world of mass customization with Infor LN. More than 4,500 manufacturers trust LN to help improve, accelerate, and streamline the most complex manufacturing processes anywhere. When your manufacturing operation requires detailed tracking of millions of parts from thousands of sources worldwide from as-designed to as-maintained, you can rely on Infor LN.
Deacom is an end-to-end ERP with a range of business management capabilities designed specifically for global manufacturers and distributors within several industries. It is available as on-premise or cloud deployment and they offer implementation services. It comes with accounting and supply chain planning, as well as more specialized capabilities, including a WMS, e-commerce and direct store delivery.
ERP Software Pricing Guide
See the Price/User for the top ERP Software… plus the most important considerations and questions to ask when shopping.
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