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What is an ERP? An ERP System allows you to effectively analyze, interpret and execute daily core activities in various business departments. This business management system will enable organizations to manage all business processes from one place.
ERP, or Enterprise Resource Planning, is the fastest-growing software in the IT industry. It integrates core business processes into one software package that can be used across the entire organization. It includes modules like Finance, Sales, Marketing, HR, and Trade, as well as modules that allow for easy business management, streamlining, and data management.
What is Enterprise Resource Management (ERP) Software?
What is ERP? Software for enterprise resource planning pulls data from multiple departments. It combines it into one truth source, benefiting the entire organization. ERP tools combine key metrics and detailed information from many sources, including Finance, human resources, operations, manufacturing, sales, and marketing. ERP systems can centralize data, reduce manual entry, and make business data visible to key stakeholders and their teams.
A project management module is a module that allows project managers to keep track of plans and schedules. It can be included in ERP software. The ERP system tracks the progress of projects and makes it available to the right staff. They can then make financial forecasts and schedule staffing and economic forecasts to respond quickly to changes. The ERP system gives management a clear picture of how each project progresses. Budgets and estimates are more realistic because they are based on accurate, current data.
ERP Software Benefits
ERPs typically use common databases to allow data to flow from one module to the next, which allows for a single tool to be used across the entire organization. Payroll, for example, is an HR-related function. Payroll involves money and, therefore, the Finance department. Data must flow between the Finance and HR modules in such instances.
Enterprise Resource Planning Systems can help you do your day-to-day tasks and long-term planning more efficiently.
What is the Estimated Time to see the ERP system's results?
The initial cost of ERP software can be prohibitive for small and medium-sized companies. Businesses can use cloud-based ERP software with monthly subscription plans.
We conducted the survey and found that companies are seeing significant improvements in their business performance within nine months. ERP systems are very cost effective and have a short payback period. It is well worth the investment.
Below are statistics that will help you see the ROI of ERP implementations by different SMEs.
- 43% of companies have experienced improvements in their infrastructure.
- 41% of companies have experienced a reduction in cycle time.
- 27% of companies have experienced cost reductions.
ERP systems are a benefit to the entire organization. There are many ERP software options on the market. This article will cover the 15 most popular Enterprise Resource Planning (ERP) software widely used across all industries.
Check Out These Top ERP Systems
Here's a list of some of the most widely used ERP Software tools:
- Oracle NetSuite
- Arion ERP
- SAP ERP
- Microsoft Dynamics 365
- Oracle ERP Cloud
- Epicor ERP
- Sage Intacct
- Oracle JD Edwards EnterpriseOne
- SAP Business One
- Salesforce CRM
- Acumatica
- Odoo
- SYSPRO ERP
- Sage 300cloud
- ERPNext
Let's take a look at these ERP Solutions.
Oracle NetSuite
Ideal for small- to medium-sized companies
Oracle Corp. has acquired NetSuite and is marketing it. NetSuite includes five suites: ERP, CRM, and E-Commerce. NetSuite OneWorld allows NetSuite to be used across currencies and manage multiple subsidiaries.
Features:
- NetSuite offers financial management features with built-in business intelligence.
- Its financial planning capabilities will reduce cycle times and enhance your planning process.
- It includes order management features to speed up the order-to-cash process.
- It offers features and functionality for Warehouse & and fulfillment of Supply Chain Management and Procurement and Production Management.
NetSuite will simplify business processes. It integrates data and visual analytics to provide business intelligence. This solution is highly customizable and can be easily customized to meet the needs of your business.
Pricing details: Get a quote to get an idea of the price.
Arion ERP
Ideal for all sizes of businesses.
ArionERP is a complete ERP software solution with various modules to assist businesses in managing their customers, staff, administrative tasks, and other crucial business activities.
Arionerp creates excellent and exquisite ERP management solutions so that you will have a solid foundation upon which to rely and can build your brand. On every gadget, they all appear fantastic. By consistently growing and innovating, Arionerp is committed to offering your company the best industry-specific ERP solution with excellent functionality.
Features:
- Arion ERP includes intelligent technologies such as AI, Machine Learning, and Advanced Analytics.
- It features an in-memory database and a simplified model.
- It can be used in a variety of industries and has best practices.
Verdict: Arion ERP, embedded with AI technology, provides 100x faster reporting, advanced real-time analytics, and simplified data display. It is flexible in deployment.
Price: Get a quote from Arion ERP to get an idea of the price.
SAP ERP
Ideal for large businesses.
SAP ERP is another product that SAP offers for large-sized companies. It is widely used across all industries and all countries. You can also access it from your mobile device anytime and anywhere. It also allows seamless migration to SAP S/4HANA.
SAP ERP offers expert consulting services. Obtain services for custom application development.
Features:
- SAP has deep industry and technical knowledge.
- SAP maintains data centers, privacy, and product security standards.
- You can rely on its support services to ensure that your SAP solutions run at their best.
- It offers long-term plans, embedded teams, and remote technical support.
Verdict: Central Component for SAP ERP, i.e. SAP ECC, is used by 25 industries with 50000 customers. SAP will continue to support this product through 2027.
Pricing details: Get a quote for an estimate-some SAP products offer a free trial.
Microsoft Dynamics 360
Ideal for small and large businesses.
Microsoft Dynamics is the ERP and CRM solution line developed by Microsoft. Dynamics GP, Dynamics NAV, and Dynamics AX are just a few Microsoft products that make up the Dynamics line. MS Dynamics 365 is easily compatible with Microsoft products like Power BI and MS Project Server.
Features:
- Dynamics 365 enables the integration of ERP/CRM functionalities on the cloud.
- It includes modules like Finance and Operations, Sales and marketing, Field Service, and others.
Verdict: Microsoft Dynamics 365 offers a suite of business applications that allow businesses to track leads, drive sales and improve their operations. It uses AI, Machine learning, and mixed-reality tools to provide predictive guidance for sales and protection against fraud.
Pricing: Microsoft Dynamics 365 is a solution for many business areas. Prices will vary depending on whether you are looking at Marketing (it starts from $750 per tenant per month), Sales (it begins at $20 per person per month), Customer Service (20 per user per year), Finance (30 per user per month), and so forth.
Oracle ERP Cloud
Ideal for small and large businesses.
Oracle offers a variety of Enterprise Resource Planning products that cater to specific areas, such as PeopleSoft and JD Edwards. Oracle Cloud ERP is an Oracle cloud-based ERP system. It includes many modules, such as Financials Cloud and Procurement Cloud.
A separate ERP Cloud is available for midsize organizations. This allows them to use the ERP cloud and reduce costs.
Features:
- Oracle ERP Cloud offers the most comprehensive and seamless functionality in Finance, HR Supply Chain, Finance, and Customer Experience.
- Viewing your company's finances, operations, and financials will be much easier.
- It can be used to support mission-critical business functions.
- It updates the cloud every 90-days, so you'll always have the most current capabilities.
Verdict: Oracle Fusion Cloud ERP allows you to adapt business models and processes quickly. It will help reduce costs, improve forecasts, and innovate more. It's highly scalable and runs on Gen 2 Cloud Infrastructure, so you'll get unparalleled speed, security, continuity, and consistency.
Oracle Cloud is available for a free trial. You can also get a 30-day free trial of Oracle Cloud Services. You can access various Oracle Cloud Services, such as Databases & Analytics, during the free trial. This trial includes up to 5TB storage and eight instances of all services.
Epicor ERP
Ideal for small and large businesses.
Epicor ERP targets manufacturers, distributors, retailers, and service providers in small, medium, and large-scale industries. Epicor offers active ERP and retail solutions and integration to manage Point of Sale (POS), ecommerce, and customer relations.
It uses the most recent technologies, such as Big Data and cloud computing. The look and feel of Epicor are very similar to Windows.
Epicor can either be installed on-premise or in the cloud. The data from IoT or PLC sensors will allow you to monitor your shop live.
Features:
- Epicor Collaborate will incorporate social network-style communication.
- The Epicor Virtual Agent will simplify routine tasks.
- It is easy to use and has a modern interface.
Verdict: Epicor provides a scalable solution that allows manufacturers to make more profit, be more productive, and become more future-readier. It offers solutions for manufacturers, wholesale distributors, independent retailers, and others.
Pricing details: Get a quote to get an idea of the price.
Sage Intacct
Ideal for small- to medium-sized companies
Sage Enterprise Resource Planning is a cloud-based accounting and financial enterprise resource planning product ideal for small and medium-sized businesses. Sage Intacct's core functionality includes Finance and Accounting. However, Sage Intacct offers order management, purchasing, and other modules.
Read More:- Which ERP System is Better Oracle vs. SAP vs. Dynamics 365 In 2022?
Sage Intacct offers other modules, such as inventory management, fixed assets, time and expense management, and multi-entity and global consolidations.
Features:
- Sage Intacct allows for the robust automation of complex processes.
- It performs multidimensional data analysis.
- Sage Intacct offers integration with cloud services such as ADP, Salesforce, and ADP.
Verdict: Sage Intacct can easily be adapted to your work style. It offers advanced functionality and everything you need to improve productivity.
Sage Intacct provides a 30-day free trial. For pricing details, you can request a quote. According to reviews, it is around $8000 for a single user and $50,000 for organizations that manage multiple entities.
Oracle JD Edwards EnterpriseOne
Ideal for small and large businesses.
JD Edwards is another top-notch ERP from Oracle. Enterprise One offers more than traditional ERP modules. It also provides Risk solutions, Commodity trading, and Safety incident management functions. JD Edwards can be used in many industries, such as Manufacturing, Packaging, etc.
JD Edwards offers a JD Edwards UX One solution, which provides an enhanced user experience.
Features:
- EnterpriseOne offers solutions for Consumer-Package Goods and Manufacturing & Distribution. It also has solutions for industries such as Asset Intensive and Projects & Services.
- It provides various solutions such as Financial Management and Project Management, Asset Lifecycle Management, Order Management, Manufacturing Management, and others.
- Oracle's IaaS and PaaS solutions will allow you to maximize the return on your investment in JD Edwards EnterpriseOne.
- JD Edwards and Oracle Cloud will enable growth, business agility, lower cost, and greater risk.
- It offers greater security and lower costs for application deployment and management.
Verdict: Oracle JD Edwards offers a modern, simplified user experience. It uses an innovative approach to improve productivity and will allow you to work smarter.
Oracle Cloud provides a free tire. Start for free. You can also get a 30-day trial for free that includes many Oracle Cloud services such as Analytics, Databases, and more. You will receive US$300 worth of credits.
SAP Business One
Ideal for small businesses.
SAP Business One, a cloud-based Enterprise Resource Planning system, is designed to address various functional areas, such as financial management, product planning, inventory control, project and resource management, and other regions. You can also use the SAP Crystal reports for reporting and analytics.
SAP Business One has an SAP Business One version that supports HANA. This allows SAP Business One to use the HANA (in memory capability) to power SAP Business One.
Features:
- SAP Business One is an affordable, single solution that can manage your entire business.
- It includes features and functions for financial management, customer management, inventory control, purchasing & inventory control, and business intelligence.
- It's a flexible platform that allows you to connect and streamline your processes.
- It can be installed on-premises or in the cloud.
- It integrates with SAP HANA.
Verdict: SAP Business One provides an easy-to-use solution that can be used for financials, inventory management, reporting, and CRM. This solution will allow you to manage all of your departments. The interface is simple, flexible, and powerful. It will give you one view of your entire business.
Pricing details: Get a quote to get an idea of the price.
Salesforce CRM
Ideal for small and large businesses.
Salesforce is a significant player in cloud-based CRM (Customer Relations Management). It is an entirely cloud-based CRM software. Salesforce CRM can be divided into Commerce Cloud and Service Cloud, Sales Clouds, Data Cloud, and Marketing Cloud.
It allows sales and support staff to track customer and lead data.
Features:
- Salesforce offers features and functionality for small businesses.
- It allows you to connect any app, data, or service on-premises or in the cloud.
- There are two interfaces: Classic and Lightning.
Verdict: Salesforce streamlines sales processes. Salesforce will allow you to merge real-time chat and CRM data into documents. It can be tailored to your specific industry requirements.
Salesforce CRM is free to try. There are four pricing options for Sales Cloud: Essentials (Euro 25 per month), Professional, Enterprise (Euro 75 per month), and Enterprise and Unlimited (Euro 150 per month).
Acumatica
Ideal for small- to medium-sized companies
Acumatica is a cloud-based ERP system. It provides solutions for general business editions, distribution editions, manufacturing editions, construction editions, commerce editions, and field service editions. It is cloud-based so that you can access real-time information anywhere and anytime. It can be deployed on-premises or in the cloud.
You can also change your deployment option at any time.
Features:
- General Business Edition includes all the functionalities you need for financials, project accounting, CRM, reporting & BI.
- Distribution Edition includes functionalities to manage quotes and orders, track inventory, automate purchasing, improve customer service, and automate purchasing.
- The manufacturing edition includes the functionality of customer management, inventory purchasing, and sales orders.
- You can track and optimize every step of your field service process with the help of features such as service orders, appointments, warranties, and contracts.
Verdict: Acumatica charges only for what you use and not for how many users. Acumatica offers flexible licensing options. Users can be added to the system without purchasing additional licenses. As your business grows, you can add new capabilities.
Pricing details: Get a quote to find out the price. Acumatica will only charge for computing resources. Pricing is determined by three factors: what is an ERP application software you wish to use, the type of license (SaaS Subscription or Private Cloud Subscription Private Perpetual License), and the level of consumption based upon the volume of business transactions and data storage.
Odoo
Ideal for small and large businesses.
Odoo is an open-source ERP and CRM software. It can be downloaded or used in the cloud. It can streamline your operations by allowing you to build websites, manage finances and customize & develop. You can choose between Cloud Hosting, On-Premise, or Odoo.sh Cloud hosting.
Features:
- Odoo apps can help you automate your business processes.
- Apps will be fully integrated.
- Odoo can help you automate and track everything.
- A centralized solution will be available to you from any location on any device.
Verdict: Odoo's framework is unique because of its elegant and modern technical design. Over 5 million people use it to help them grow their businesses.
Odoo is free to use. There are many apps, including CRM, Invoicing, and Sales. Apps start at $12 per month. You can also get additional integrations such as FedEx Shipping and eBay Connector. These integrations cost $36 per month. The platform is free to try.
Other ERP Systems
SYSPRO ERP
Syspro Manufacturers and Distributors can use SYSPRO ERP Software. It offers functionalities that can help you manage your data, gain insight and make better decisions. It provides insight into many business activities, including Warehouse and Inventory management. It includes all the functions of a CRM system.
Sage 300cloud
Sage 300cloud is an all-in-one management software. Many industries use this software to manage their operations, finances, and inventory. It will allow you to manage multiple locations in multiple countries, languages, and currencies. It makes it easy to manage multiple entities. It will simplify your finances.
It offers the most important features, such as integrated payments, sales order management, inventory, and Finance tools. Sage 300cloud is the best choice for medium-sized companies.
ERPNext
ERPNext is an open-source cloud ERP software. It can be used for manufacturing, distribution and retail, trading, education, healthcare, non-profits, and healthcare. You can try it for free for 14 days. The cloud plan costs $50 per user monthly. You can get a quote for a self-hosted edition. More than 5000 companies use ERPNext.
How to Choose an ERP Software Solution
ERP purchasing is a complex process that involves customizations and uncertainties about vendor capabilities. Third-party support is often required for ERP implementation. Enterprise vendors are a good example.
Similar help is also useful for product research. We can connect you with the right solutions for your business. We will contact you to discuss your ERP requirements.
Want To Know More About Our Services? Talk To Our Consultants
Conclusion
Enterprise Resource Planning software can be used to manage business operations. It integrates several programs. The right ERP for an organization will depend on many factors, such as size, cost, and other considerations.
When selecting ERP systems, company goals are important. These include growth goals, efficiency, market speed, and other goals. Selection should include consideration of functional software requirements, future scalability and budget, resources, and available technology.
We have reviewed the most popular Enterprise Resource Planning products in this article. Our top recommendations for ERP solutions include SAP S/4HANA and SAP ERP.
