Are you looking for the best Enterprise resource planning (ERP) software to integrate, automate, and efficiently manage your business processes? Then you are in the right place. Below is the list of top ERP system solutions exclusively picked up by the experts at GoodFirms. All the ERP software listed here comes with the latest features and functions to help you respond to the market demands quickly. Browse the list, apply the filters for the pricing, deployment, etc., compare the products, read the reviews, and select the right ERP system that fits your type of business.
List of ERP Software | Top ERP Systems
- Explore the #1 cloud business management software suite.
NetSuite is engineered to streamline mission-critical processes. In turn, this allows businesses to continue focusing on what they do best and to react to new market opportunities swiftly and confidently. From financials to supply chain management to billing and beyond, NetSuite ERP gives companies clear visibility and control of their business. ... learn more about NetSuite ERP"Best for MidMarket Software"Joshua Meade, CEO at Meade's PC Repair Shop
- The Open Source ERP and CRM System For Your Business
Flectra is the next-generation business ERP system and CRM software that helps you grow your business, with a powerful modular design covering all essential aspects of a business. Protect your critical business data from unauthorized access and use. We guarantee that your business data is safe, secure and private. Flexible, feature-rich, and cost-effective open source ERP systems with powerful mod... learn more about FlectraVISIT WEBSITEFree TrialN/AEntry Level Price$9 per Month
- Grow your Business with CREST ERP
Crest is a fully integrated ERP product for Trading, Manufacturing, & Service organizations to effectively manage their business operations and enable organizations to make data-driven management decisions. CREST ERP system is a powerful tool that frees up your resources, increases employee productivity so that you can focus on growing your business.... learn more about CREST ERP"BEST, USER FRIENDLY AND MOST AFFORDABLE ERP SOFTWARE "Sayeed Uzzama
- Manufacturing ERP Software
Top indigenous ERP software for manufacturing Industry that help you to grow you business effectively. eresource offers exclusive erp for manufacturing industry. We are India’s No. 1 Leading Manufacturing ERP software provider, catering for more than a decade in Manufacturing Industry. Benefits of Implementing ERP for the Manufacturing Industry gives immediate and instant ROI. ... learn more about eresource Xcel
- Smart ERP for the world, made in India!
ERPbyNet can work for any industry due to inbuilt product, services and workflow configurator. It is more suitable for manufacturing and complex engineering industries like Elevators, Automated car parking, HVAC, Water Treatment plants etc. It can be hosted on cloud as well as on-premise servers.... learn more about ERPbyNet
- Cloud-based ERP system for small manufacturers and distributors
MRPeasy is a cloud-based, affordable and user-friendly, self-service ERP software for small manufacturers and distributors (10-200 employees). Add stock items manually or import from CSV. Have your stock items associated with a part number, description, unit of measurement, selling price and storage location. ... learn more about MRPeasyVISIT WEBSITEFree Trial30 daysEntry Level Price$49.00 per Month
- Proven, time-tested on-premise ERP .
Streamline your processes across procurement, manufacturing, service, sales, finance, and HR with SAP ERP – our proven, on-premise ERP system for large enterprises. Organizations worldwide use SAP ERP to integrate the core processes needed to run a company in a single system. ERP stands for enterprise resource planning, which helps run core processes in a single system for departments such as fi... learn more about SAP ERP"Good!"Ashish Darji, COO at Vnnovate Solutions Pvt Ltd
- More than ERP.
Sage Business Cloud X3 is an ERP software suite that includes integrated functionality for financial management, sales, customer service, distribution, inventory, and manufacturing, and business intelligence. Sage Business Cloud X3 is web-based, browser agnostic, and responsive on mobile devices. At the same time, it is also available to be deployed on-premises and as a service in the AWS cloud ma... learn more about Sage X3
- Gain resilience and agility, and position yourself for growth.
Oracle Fusion Cloud ERP is a core suite of Oracle Cloud software-as-a-service (SaaS) applications. These are the cloud applications comprising the Oracle ERP Cloud suite: Oracle Financials Cloud, Oracle Accounting Hub, Oracle Project Management, Oracle Procurement Cloud, Oracle Risk Management Cloud. Oracle Fusion Cloud ERP gives you the power to adapt business models and processes quickly so you ... learn more about Oracle Fusion Cloud ERP
- Doing good is good business
SAP Business One - A single, integrated business management application for small and mid-size businesses. The SAP Business One application integrates all core business functions across your entire company – including financials, sales, customer relationship management, inventory, and operations. A single, affordable solution to manage your entire small business – from accounting and financial... learn more about SAP Business One"Great software"Haresh Pansuriya, Digital Marketing Lead at iQlance SolutionsVISIT WEBSITEFree Trial15 daysEntry Level PriceContact Vendor
- Full Suite of Integrated Business Apps
Odoo is a fully-integrated, customizable, and open-source suite of business applications. A majority of the business needs such as CRM, Sales, Project, Manufacturing, Inventory, and Accounting are met through this all-in-one software solution. Odoo is designed to meet the needs of companies regardless of size and budget., Automate ... learn more about Odoo"Enjoyed using this tool!"Ram Khatake, COO at LeoMetric TechnologyVISIT WEBSITEFree Trial15 daysEntry Level Price$20.00 per Month
- Walking the GST journey with you
Tally Solutions Pvt. Ltd. is a pioneer in the business software products arena. Since its inception in 1986, Tally’s simple yet powerful products have been revolutionizing the way businesses run. Having delivered path breaking technology consistently for more than 30 years, Tally symbolizes unmatched innovation and leadership. Our new product TallyPrime takes this to a new level, making your ... learn more about TallyPrime
- Efficiently executing the complex processes of enterprise manufacturers and distributors.
Infor M3 is a cloud-based, manufacturing and distribution ERP system that leverages the latest technologies to provide an exceptional user experience and powerful analytics in a multicompany, multicountry, and multisite platform. Infor M3 and related CloudSuite industry solutions include industry-leading functionality for the chemical, distribution, equipment, fashion, food and beverage, and indus... learn more about Infor M3
- Accelerate Your Business.
The Acumatica ERP (Enterprise Resource Planning) system delivers adaptable cloud and mobile technology with a unique, all-inclusive user licensing model. Acumatica provides a complete real-time view of your business anytime, anywhere, on any device. Through our worldwide network of partners, Acumatica ERP provides a full suite of integrated business management applications, including Financials, D... learn more about Acumatica Cloud ERP"Flexible and customizable cloud ERP"Ihor Kovsher, Digital Marketing Manager at Pethouse.ua
- ERP software for managing your business
Sage 300cloud software can help prepare your business for growth. You'll love how easy it is to manage your accounting, inventory, operations, distribution, and more. Our solution will help you improve visibility within your company at a fraction of the cost of a traditional ERP software. Manage multiple locations across multiple regions, languages, and currencies. Connect, analyze, and repor... learn more about Sage 300
- Be future-proof with this scalable ERP solution.
Kinetic (the new name for Epicor ERP) is the cloud ERP that can help you maximize momentum and profitability. This is the future-focused force in manufacturing. Capture the true value of cloud ERP with manufacturing know-how to accelerate your growth and profitability. Digitally transform to capitalize on data and innovate without limits. Intuitive, configurable, and guided browser-based applicati... learn more about Kinetic
- Most Agile ERP on the Planet
ERPNext is an open-source ERP tool designed to help businesses across multiple verticals including manufacturing, distribution, retail, education, healthcare, agriculture, and non-profit sectors. The platform enables administrators to manage accounting, onboarding, payroll, production, sales, purchase, and CRM processes using a centralized dashboard. It also allows managers to plan projects, track... learn more about ERPNextVISIT WEBSITEFree TrialAvailableEntry Level PriceFree version
- Simplifying your success
SYSPRO is designed to simplify business complexity for manufacturers and distributors, by providing actionable insight that supports optimized cost control, streamlined business processes, and improved productivity. With our latest release of SYSPRO, the benefits to your business are Infinite. It offers a web based UI for universal access, 24/7 on all devices, exciting innovative capabilities, ind... learn more about SYSPRO ERP"Best ERP Software"Prafull Satasiya, Chief Executive Officer at SpecScale
- End-to-end project management that automates processes and provides real-time information.
The industry-leading solution for government contractors now offers greater intelligence and innovation across the entire project lifecycle. Costpoint is the industry’s leading solution that delivers more innovation and greater intelligence through an all-in-one system across the project lifecycle for government contractors. Centralizing the management of your projects, people and finances, it c... learn more about Deltek Costpoint
- CONNECT WITH THE FUTURE OF SMART MANUFACTURING
Plex is the Manufacturing Cloud — connecting suppliers, materials, machines and people to help you innovate, improve productivity, and achieve new levels of quality and efficiency. The Plex Manufacturing Cloud delivers robust ERP manufacturing software solutions developed by manufacturing experts obsessed with continuous innovation and customer success. Plex connects every manufacturing operatio... learn more about Plex ERP
- Manufacturing ERP Software.
IQMS (DELMIAworks) Means Manufacturing. Born on the shop floor, our award-winning manufacturing ERP software is tailored specifically for your factory’s environment. We understand your manufacturing challenges and deliver a comprehensive solution that will set you on the path to operational excellence. Structured around end-to-end visibility and control, the IQMS (DELMIAworks) system uniquely co... learn more about DELMIAworks
- Bring Value-Added Engineering to Your Quotations and Orders
The WorkWise ERP powerful Product Configurator allows you to simplify the production of engineered, ordered, planned and controlled products that are configured or assembled uniquely for each customer order. The Product Configurator software gives you greater flexibility and reduces the proliferation of items, bills and routings for uniquely configured products. The Product Configurator makes it e... learn more about WorkWise ERP
- Most Preferred ERP Software In UAE
Focus 9 ERP is built with the most innovative hybrid in-memory computing engine and other progressive features that can amplify the speed, accuracy, and accessibility of stored data. This application supports organizations to run business with advanced analytics and live insights. The advanced infrastructure of Focus 9 reimagines the database. The intuitive application integrates high-performance ... learn more about Focus 9"Excellent"Hema Viharika, Digital Marketing Specialist at Focus Softnet
- Future-Proof your manufacturing business
Modern ERP software to empower your most valuable resources - the people inside your business. abas has developed agile and flexible ERP components to optimize your business' everyday workflows, empower your team and streamline your business. An integrated ERP solution is the key to unlocking your team's full potential. Whether for management or finance, purchasing or sales, service or cost ... learn more about Abas ERP
- Next generation of cloud-based ERP solutions.
Kechie ERP helps streamline your business needs by automating and synchronizing your inventory management, procurement, sales order management, finance, manufacturing, CRM, warehouse management, and much more. The Kechie ERP (enterprise resource planning) Software uses a proprietary database to manage the core functionality of your business. Kechie provides information on a real-time basis so that... learn more about Kechie ERP
- Simplifying and automating complex manufacturing processes for discrete and process manufacturers
The ultimate in deep manufacturing functionality for the complex, mid-market manufacturer, Infor's CloudSuite Industrial (SyteLine) provides you with end-to-end functionality to manage all aspects of your enterprise. This is a mixed mode manufacturing product that can simultaneously handle discrete, process, build to order, build to stock and project style manufacturing. And with LogicDatas 30+ ye... learn more about SyteLine
- The ERP system designed just for you.
Genius Solutions is a complete enterprise resource planning (ERP) solution including software, implementation services, and field expertise for small to mid-sized custom manufacturers. Genius ERP is built for manufacturers handling make-to-order, engineer-to-order, and custom-to-order manufacturing. Gain complete oversight and simplify complex manufacturing with accurate estimating, product engine... learn more about Genius ERP
- Open Source ERP & CRM for Business.
You enable only the feature you need. So whatever is your business management need (sales, human resources, logistic, stock, invoicing, accounting, manufacturing, etc), you are able to set up the application to match your need and only your need. Our marketplace is available to all developers and organizations, to centralize several hundreds of external add-ons, done to enhance the application for... learn more about Dolibarr"Excellent software for small companies"Benoit GirardotVISIT WEBSITEFree TrialAvailableEntry Level PriceFree version
- We are the Artisans of ERP Software.
We are the Artisans of ERP Software crafted to meet the complex needs of manufacturers and distributors with the industry's largest functional foundation. Going beyond the basic functionality offered within traditional ERP software, Deacom is focused on delivering a comprehensive range of business management capabilities specific to manufacturers and distributors. With the richest functionalit... learn more about Deacom ERP
- Our preconfigured ERP solution for growing wholesale business.
Pronto Xi is modular with applications that integrate accounting, operations and mobile features to optimize business processes, simplify collaboration and accelerate growth. Specialist business units have expertise in AI-fuelled analytics to drive actionable insights; secure IT infrastructure to deliver agility & resilience – and digital transformation to increase employee & customer experience... learn more about Pronto Xi
- Think Global, Be Local
PrismERP is an enterprise business application designed to operate numerous business solutions under a single independent platform. It is a leading ERP software in Bangladesh that provides a strong excellency base for growth & has been designed as the platform ready integrated system for multi-dimensional business. The system is well diversified with user friendly atmosphere that helps business pr... learn more about PrismERPVISIT WEBSITEFree Trial7 daysEntry Level PriceContact Vendor
- Cloud-based MRP System & Manufacturing Software
We will help you to implement ERPAG and guide you along the way. So, make the first step towards the next generation MRP Manufacturing system and schedule a free call with one of our super-helpful customer support agents. Automate your workflows, business procedures, and logic using a simple and effective Blockly script engine. Customize your ERPAG without coding knowledge.... learn more about ERPAGVISIT WEBSITEFree Trial15 daysEntry Level Price$25 per Month
- Superior solutions to meet and exceed all your business needs.
Priority Software is a single integrated ERP software for enterprise resource planning and management. for small, medium and large enterprises. Priority business management software and its various modules offer solutions for all of the organization's ERP operational needs. Priority's targeted solutions for commercial and manufacturing businesses across a broad spectrum of industries make ERP sign... learn more about Priority Software
- Manufacturing & Distribution ERP System
Rootstock Software develops and implements cloud Enterprise Resource Planning (ERP) software that helps manufacturers and distributors deliver personalized customer experiences, build operations that scale and out-service their competition. Rootstock Cloud ERP system lets organizations take a more customer-centric and project-oriented view of operations across a robust suite of modules, including ... learn more about Rootstock
- Enterprise Software to Run Your Business.
Trek Cloud ERP system is designed for the way employees work and interact today, while fulfilling your most important business strategies. Productivity is increased with a mobile ERP business strategy. Today’s workforce is hyper-connected across multiple devices, from iPhones and Android devices to tablets, PCs and Mac computers. Gain access to affordable, comprehensive and configurable cloud ER... learn more about Trek Cloud ERP
- Cutting-Edge ERP Software and Class-Leading WMS Solutions For Your Business
OrderWise is one of the leading suppliers of Business Management Software in the UK & Ireland, with solutions fully developed, tested, sold and supported in the UK by Wise Software (UK) Ltd.Our Business Management Software delivers a fully integrated ERP software system which helps increase efficiency, productivity and accuracy amongst your business operations. ... learn more about Orderwise
- Enterprise-level Open Source ERP and CRM solution
VIENNA Advantage ERP and CRM is the first enterprise-level open source ERP and CRM with inbuilt document management and business intelligence system, available on the cloud and on-premises. It is based on VIENNA Advantage Application Development Framework, an innovative open-source web platform that helps users build modules with minimum coding, for rapid development of data-centric business appli... learn more about VIENNA Advantage ERP/CRM
- ERP Made Easy
Genie is a new-age, cloud-based ERP system that allows you to be in complete control of your business anytime, anywhere. It enables smart management and simplifies operations. With its powerful mobile and web interfaces, it empowers all your stakeholders, including customers and suppliers. The software offers a powerful feature set, including Sales, CRM, Accounting, Inventory, Purchase, BOM, Produ... learn more about Genie ERPVISIT WEBSITEFree Trial7 daysEntry Level Price$30 per Month
- Simplify and Automate with One Powerful Solution.
Eagle Business Software has been partnering with growing small businesses to simplify and streamline everyday operations. One integrated point-of-sale, inventory control, shop management, and back office software makes it easy to grow your business. Since 1989, Eagle Business Software has been partnering with growing businesses to integrate everyday operations. We specialize in upgrading small bu... learn more about Eagle Business Software
- Organize Your Business Processes With One Tool
Vault-ERP is a cloud-based resource planning software, which can help to manage your business in a different variety of industries. With this one tool you can increase productivity and efficiency and get a real-time overview of key company data. Vault-ERP offers solutions across HR, Sales, Financials, Projects, Operations and Company Culture with key functions like time tracking, time off, on/off-... learn more about Vault-ERP"Vault-ERP has put us on track to become our own Dream Company"Vinay Nanjappa, Director at SilverPeak Global
- Intelligent ERP Software
Axolon ERP is a Software solution provided by Micromind Solutions based in Dubai, United Arab Emirates. This Software is designed for the businesses to provide an all-inclusive solution. AxolonERP delivers the proven, comprehensive financial management capabilities which are required to grow a changing, complex business. We takes your business beyond traditional level by streamlining operations ac... learn more about AxolonERP"Simple and Powerful ERP Solution"Jose Thomas
- Streamline Your Inventory
RazorERP is a cloud ERP solution that provides first-class inventory management and multi channel synchronization for eWaste, ITAD, brokers, and IT resellers. We provide high quality software to the small and medium sized business that are under-served by larger enterprise software platforms. The software is in a constant state of continuous improvement by incorporating the feedback of our custome... learn more about RazorERP"The worst customer service, and very non-intuitive software."Markus Fullton
- India's best fit ERP Software
A Kolkata based pioneer in business automation software applications developer, Expand ERP is a name in the ERP industry for over 15 years. We have designed and developed a dynamic ERP application based on Cloud platform, built on Microsoft Azure, for fast-growing manufacturers in export and retail. Our Head Office is in Bangalore, while Kolkata is the Development Center. We also have branches in ... learn more about Expand ERP
- Modularity, scalability & security for your business
TRYTON is business software, ideal for companies of any size, easy to use, complete and 100% Open Source. TRYTON includes all these features fully integrated: financial accounting, sales, inventory management, analytic accounting, CRM, supply chain management, manufacturing management, shipping, project management, subscription management, third party integration. ... learn more about TRYTON
- System specifically developed with small and medium companies in mind.
After researching the unique needs of the Oil Industry service sector, FocusERP was custom designed for Oil Field Service Management, Oil Field Inspections Management, Light Manufacturing, Rentals & Repair. Our promise - FocusERP is guaranteed to pay for itself! Our customers receive a business analysis that identifies and guarantees ROI metrics and payback. Save time, save money, and improve cust... learn more about FocusERP
- Designed to simplify business complexity for manufacturers and distributors.
XoroERPs order management and billing functionality integrate your sales, purchasing, e-commerce, finance, and accounting into one platform thereby enabling real-time management of manufacturing, distribution, and supply chain operations from front to back, anytime and anywhere. XoroERP is designed to simplify business complexity for manufacturers and distributors by providing actionable insight a... learn more about XoroERP
- Making the Complex Simple
Our founders saw a problem in the marketplace. Growing manufacturing and distribution businesses faced the same challenges as large enterprises. But they didn't have access to manufacturing-specific ERP sized right for their needs. OptiProERP is our solution to this problem. We developed deep, manufacturing-specific functionality. Then, we built this functionality into SAP Business One. the #1 ... learn more about OptiProERP
- ERP for those who don't like ERPs.
Fitnet Manager is a cloud-based ERP provider. Specialized in consulting and service activities: Its customers are consulting firms, software, and computing services companies, communication and web agencies, architectural firms, but also IT Departments of large firms. It develops collaborative solutions to automate administrative tasks and optimize internal communications. Fitnet Manager is a Clou... learn more about Fitnet Manager
- Minimize chaos, maximize profitability.
Octabees ERP is a software built with a powerful and user-friendly Web & Mobile application specially designed to reduce the chaos of all the EPC companies by streamlining small to big projects with seamless set of modules which helps in successful execution of the project with rightful planning, tracking, and analysis, also keeping a close eye on the project progress and cash-flow. It also reduce... learn more about Octabees
- A Digital ERP
Majority of small businesses still operate on manual bookkeeping, unstructured task allocation, paper based attendance system and unorganised sales process. This has a definite impact on their growth rate and scalability. Moreover, lack of a system that helps keep track of assets, employees, progress, tasks and spend in one place and inability to exercise control over your own business. Lack of... learn more about Breeze
- Enterprise Resource Planning Software Buyer's Guide
- What is ERP?
- What are the key components of ERP?
- What is the impact of ERP on businesses?
- What are the benefits of Enterprise Resource Planning System?
- What is ERP software?
- What are the features of Enterprise Resource Planning Software?
- Delivery models of ERP software
- Why do you need ERP software?
- What is a cloud-based ERP software?
- ERP software solutions for manufacturing and B2B
- How does ERP software work?
- How to select the best ERP software for your business?
- Who can use ERP software?
- How to make the right decision about your ERP systems?
- Top trends driving the ERP market
- What is the average cost of ERP software?
- Why refer to GoodFirms’ list of best ERP software?
Enterprise Resource Planning Software Buyer's Guide
The buyer's guide on ERP systems is intended to help businesses and industries meet their resource planning requirements. On a wider note, the guide offers in-depth knowledge and understanding of the importance of ERP tools along with the benefits and pitfalls of ERP implementation in the organization. If you are planning to invest in an ERP system, then you can explore the profound details related to the ERP software solutions in the following sections.
What is ERP?
ERP stands for Enterprise Resource Planning that serves as the centralized and comprehensive system which helps in supporting all the business process management processes of a company.
Enterprise Resource Planning System is used to plan and manage the various activities of the organization that includes accounting, procurement, customer relationship management, reporting, supply chain operations, risk management, compliance, human resource management, manufacturing, and financial services.
What are the key components of ERP?
The following main ERP components are:
Human Resources - From onboarding to offboarding and from benefits administration to timekeeping, the HR ERP component deals with all the activities. It deals with the full spectrum of employee management.
Customer Relationship Management - This component allows keeping track of all the customers. Within the ERP solutions, this element helps in leading data along with it enables the optimization of marketing and sales efforts.
Supply Chain Management - With the help of real-time data, this component helps in creating an updated, accurate production plan.
Inventory management – It manages the processes of sales, warehousing, and order fulfillment, stocking a warehouse and tracking functionality.
Financial Management - The company can store and analyze business data with this element. It manages tasks related to accounts payable, accounts receivable, costs, budgets, and forecasts.
Manufacturing operations management - It includes activities related to planning, publishing, scheduling, collecting, and analyzing functions.
Governance, risk, and compliance - The ERP system manages the tasks related to tax compliance, tracking, role-based permissions features, report writers.
- Business Intelligence – It helps in creating data-driven decision-making processes, collects and analyzes data, and offers actionable insights about the business processes. It delivers insights in the form of reports.
What is the impact of ERP on businesses?
The ERP tool in the organization integrates and automates the business processes. In real-time, it shares information related to the enterprise side that helps in improving customer service and corporate brand. The ERP provides better interconnectivity between the departments of the organization with the help of a single integrated software program.
Across the company, the ERP integrates all departments and functions into a single computer system, which in turn helps in serving the needs of different departments. ERP influences businesses in the following ways:
The ERP system can offer business intelligence tools and regularly provides an opportunity for improvement and refinement in the business processes. It assists in the business planning and projecting process.
The ERP tool issues related to productivity enhancement, customer service, inventory, quality control, cash management, prompt delivery, project management, and data-mining system.
The ERP systems monitor orders, supply chains and make the distribution process effortless by tracking the movement of the materials. It offers faster tracking from production to end-user which helps in the completion of the task.
The ERP system in business helps in getting inventory levels under control. It manages real-time inventory levels, inventory orders, warehouse management tools, and information related to purchasing data.
ERP system makes financial management easier across all the departments by managing the issues related to accounts receivables, accounts payable, payroll, tax calculations, profitability analysis, acquisition cost per customer, purchase order preparation, and much more.
ERP software companies bring a net decline in the cost of resources used by the organizations. One computer technician can maintain all the company’s software with the help of a single management system. If the ERP system is server-based or is supported by a third party, then it can decrease power consumption.
“ERP is a philosophy for operating a business model. If your company does not want to adapt to this philosophy, save yourself the headache, and don’t pursue ERP.”
Michael Pelphrey (Directing the ERP implementation)
What are the benefits of Enterprise Resource Planning System?
The primary benefits of employing the ERP system in the organization are:
Offers real-time data and information - In an organization, you can have a systematic and uniform flow of business data and information across all departments.
Make better collaboration - ERP tool increases collaboration by increasing access to data from other departments.
Boosts productivity - ERP system implementation allows businesses to experience remarkable enhancements in their efficiency along with overall productivity.
Seamless Integration - Enterprise Resource Planning (ERP) systems make use of an integrated centralized database that assists in the main processes of a business.
Supports cutting operation costs - ERP software for business helps in reducing the business’s labor and operating costs. The companies can experience maximum ROI and save money by managing their time and entrepreneurial resources.
Collaboration and Scalability - ERP software provides collaboration between departments and allows the addition of new users and functions to grow efficiently.
360-degree view of business operations - ERP system offers a 360-degree view into businesses like sales, planning, customer service, production, HR, distribution, and accounting.
Paperless operations - In the ERP system, you can have your files and documents at your fingertips which you can access from anywhere. It helps you to do away with the need for printing and wasted papers.
Better-informed decisions – The user can view every aspect of business processes with the help of ERP software solutions. Businesses can make better-informed decisions.
Proper inventory management - The ERP software allows users to have the details of the product by knowing from where every piece of the product came from, where it is and where it is required in real-time.
Enhances business reporting - Effortlessly the companies can respond to complex data requests which in turn helps in saving time. The user can run their reports with the ERP system tool.
Apt data and cloud security - Enterprise Resource Planning Software provides appropriate data and cloud security functionality to the users.
Powerful business insights – ERP system software allows businesses to make informed business decisions and can have advanced insights from analytics tools. It integrates data for the entire organization.
Easier regulatory compliance – ERP software offers the information of the business data that includes details regarding who, what, when, where, why which in turn can ease the regulatory compliance process.
Streamlines business processes - ERP software for business streamlines the process of sales and communication among departments of the organization.
Greater efficiency and flexibility - ERP system helps in boosting productivity and simplifying business processes. ERP software solutions can adapt to the changing needs of the growing business.
Correct Forecasting - By employing ERP software, the users and managers can have the tools and resources required to make more accurate forecasts.
What is ERP software?
ERP software allows the standardization and integration of business processes across various departments like finance, procurement, sales, accounting, customer support, CRM, human resource, and inventory in the organization. The ERP software for business allows the automation and amalgamation of core business process that includes taking customer orders, maintaining inventory records along with financial data, and scheduling operations.
What are the features of Enterprise Resource Planning Software?
The most commonly found features in ERP system software are as follows:
Integration- ERP platform is fully integrated that allows you to analyze and monitor data-driven tasks. It combines sales, engineering, accounting, and other business functions. ERP tools maintain the natural flow of information.
Customer Relationship Management – In a centralized and organized database, the ERP software records customer information that includes names and contact numbers. The business can handle marketing automation, sales pipeline activities, and lead management tasks by employing CRM tools. You can enhance long-term customer retention by ERP’s customer service management capabilities.
Automation – ERP system implementation helps in automating the everyday tedious tasks that include payroll, invoicing, reporting, accounting, and order entry. It is easy to reduce human errors by automating business processes.
Inventory Management- ERP software solutions allow smooth supply chain operations. It keeps track of in-house stock quantities. In business enterprises, it helps in preventing events like backorders and surplus inventories along it create a balance between them.
Finance and Accounting- Enterprise Resource Planning (ERP) systems provide real-time information to the managers regarding accounts receivables, accounts payable, general ledger, and financial reporting.
Mobile functionality- ERP software for business provides mobile access to its database and processes that allow companies to gather information about their employees effortlessly. The companies can grant remote access to their employees from product pricing to transportation services with the help of this functionality.
Human Resource Management- Within the ERP system software, the HR component helps in the activities related to employee management, payroll, recruiting, training and development, hiring, payment automation, tax, and benefits deductions. It handles the complete employee database.
Data Analysis- The ERP system analyzes the data related to all business operations. It includes client and sales data along with production statistics. You can track organizational productivity and efficiency with the help of the data analysis feature.
Sales and Marketing – You will find the taxation rules and shipping tracker feature in the advanced form of enterprise resource planning software. The sales and marketing component manages sales workflows like sales inquiries, sales orders, sales invoices, and quotations.
Core Manufacturing- Enterprise Resource Planning System allows companies to align the manufacturing and inventory processes. It accelerates the production cycle and streamlines the production process. With the help of the inventory management system, it allows cost reductions. You can get detailed reports on business-critical inventory information with this component.
The other essential features of ERP software are:
- Deals Management
- Email automation
- Payment gateways
- Workflow management
- Document Management
- Asset Management
- SMS notification
- Recruitment automation
- Financial Reports
- Project Management
- Contact Synchronization
- Reimbursement Service
- Integration with WooCommerce plugin
Delivery models of ERP software
The primary delivery models for ERP software are:
On-Premise- This type of delivery model is considered traditional and is purchased by the company. In its server, the company installs it. As per the typical needs of an organization, the on-premise software system gives the leverage of customizing the application. Within your company-owned servers, your business data remains secure.
Private Cloud- The organizations can host the application on a private server, which is located on-premise by making use of individual cloud-based software. ERP vendors have ownership of the software. You can hold a high degree of control over it because the cloud server is private. The vendors manage and update the server remotely. In this type of ERP solution, the customers have the flexibility to develop their customizations and applications.
Public Cloud – The ERP vendor server owns and remotely hosts this type of ERP software. On a subscription basis, you can access it over the internet. Across multiple servers and database resources, you can install this application. If your business is spread across various locations, then you can make use of this technology. The other name of this model is SaaS (Software-as-a-Service)
Hybrid- Both on-premise and cloud format is combined to form this type of ERP solution. Without losing data or functionality, the Hybrid solution allows customers to migrate from one delivery model to another.
Hosted – In this type of ERP model, you own the software but not the server. By paying a monthly fee, you can use third-party servers where you can locate your data. ERP vendors manage data back-up and data security. The software is accessed through virtual private networks.
Why do you need ERP software?
Enterprise Resource Planning Software manages business functions efficiently. You need ERP software due to several reasons:
Simplify the business process – The business operations gain speed, efficiency, and accuracy with the ERP system. The automation and integration feature can increase productivity and reduce time and labor costs.
Supports company growth – The businesses can spend less time pushing paper and more time drilling into the areas that help the company to move forward by utilizing an efficient ERP system.
Better Collaboration – The ERP tool provides a central database where the data is compiled, shared, accessed, and stored. This system helps in reducing errors, which are caused by working with incorrect data. The system helps in improving collaboration.
Improves Inventory Monitoring- ERP for start-ups allows tracking and monitoring of inventory levels as ERP systems make use of barcoding, RFID (radio frequency identification) tags, and serial numbers that help in tracking the inventory levels.
Mobility and flexibility- The ERP software solutions provide accurate information to the users by leveraging the centralized database. It offers remote access to the database that helps in processing the multiple functions.
Enrich accounting and financial reporting- ERP system implementation allows tracking of the incoming and outgoing transactions. With the help of the centralized platform, it helps in increasing the visibility of crucial operational data.
Regulatory Compliance and Security- ERP system software monitors compliance, streamlines data processing and internal processes, enhances security features like regulated data access, and in-built firewall systems.
Improves Production Planning and Resource Management- ERP for small businesses not only manages inventory but also looks after manufacturing and provides insights into all manufacturing operations. This application administers the Bill of Materials (BOM) and fixed assets. It helps in improving profitability and supply chain relationships.
Better CRM- ERP system implementation allows the CRM (Customer relationship management) to have access to the data across business functions. You can see the details like order history and billing information with integrated CRM.
What is a cloud-based ERP software?
The cloud-based ERP software allows users to access the Enterprise Resource Planning tool over the internet. At any time and from any location, the companies have access to their business-critical applications.
For small and mid-sized businesses (SMB’s), cloud computing is valuable as it provides access to full-function applications at a reasonable price. You can focus on running your business rather than on IT administration with cloud deployment.
Nowadays, businesses prefer to set up an ERP system in the cloud due to the following benefits:
- Enhances accessibility and mobility
- Offers Cost transparency
- Security standards and compliance
- Sales Automation
- Better system availability and disaster recovery
- Concentrates on core competencies
- Quick implementation
- Speedy updates and upgrades
- Lessen up-front and operating cost
ERP software solutions for manufacturing and B2B
Enterprise Resource Planning software for the manufacturing sector provides one user interface for the entire organization that helps in managing various functionalities. These functionalities are related to materials and parts purchasing, product planning, financials, production scheduling, capacity utilization, order management and tracking, customer satisfaction, procurement, equipment, and assets.
ERP system implementation for manufacturing is considered due to the following reasons:
- Provides access to operational and financial information
- Offers a better supply chain with enhanced inventory visibility
- Improves customer satisfaction
- Simplify processes across multiple locations
- Allows a global workforce
- Grow the business with profound forecasts
The integration of the ERP system in B2B provides the following benefits:
- Fulfills the statutory requirement
- Lessens manual order entry time and errors
- Streamlines inventory management
- Improves the back-end processes
- Manages the operation of the entire management team
- Generates management reports accurately
- Handles issues related to accounting, financials, suppliers, purchasing, customers, and sales
How does ERP software work?
ERP manages the business in an enterprise. The ERP system software contains various modules according to the business hierarchy levels. As per the flow of the business in the organization, these operations are monitored and calculated correctly. The ERP system works according to the setup, which is done by the association business stream.
How to select the best ERP software for your business?
You can select and implement the best ERP software for your business by considering the following points:
Identify your requirements – Analyze and define your business processes before choosing an ERP system. Make out all the weak points in your organization, which can only be improved with the help of ERP software solutions.
Be familiar with the cost of the ERP implementation- Consider the price of the ERP system that also includes the cost of implementation and integration. To determine the real ROI in your business, you should compare the features and functions of different ERP systems.
ERP Vendor- Identify the vendors correctly so that they can provide you with long-term support and assistance in your budget limit. Make sure the vendor fulfills your business requirement for the committed year.
Accessibility on Mobile devices - Nowadays, it is essential to access the different functions of the ERP system through smart devices like tablets or smartphones. Ensure that your ERP platform delivers an interface that you can run effortlessly on your smart devices.
Customization and Integration option- In accordance with your dynamic needs, you can adapt and adjust your ERP system with the help of customization and integration capabilities. You can easily do configuration by clicking on options that are available in your ERP software. As per your business requirement, you can change the actual code of the software.
Implementation and Deployment- Explore the technical expertise and the reputation of the implementation partners before implementing your ERP system. Make sure the right implementation partner should undertake the task of ERP implementation.
Local, Cloud, or Hybrid- As per your requirement, you can choose the ERP system software between on-premise, cloud, or hybrid models. Usually, the local installations require a high upfront investment. In the cloud system, you need careful integration evaluation before data migration. In hybrid systems, you can have a practical solution with careful customizations.
Who can use ERP software?
ERP software is beneficial for businesses that involve complex functionalities. The businesses that can enhance productivity by employing an Enterprise Resource Planning System are:
- Big-box Retailers
- 3PL (third-party logistics) providers
- Professional Services
- Industrial Services
How to make the right decision about your ERP systems?
The right decision about your ERP system can be made by considering the following points in mind:
Value Planning - Both quantitatively and strategically decide that in what ways your ERP system can add value to your business. The outlined plan will help you in highlighting the long-term goals.
Think about the budget - Before finalizing the ERP system software, you should consider the cost of implementation, installation, and maintenance. You can determine the real ROI (return on investment) in your business by comparing the features and functions of different ERP systems.
Explore Vendors - Thorough research of the right vendor is a must for your ERP business. The vendor should be compatible with the cloud environment as it is essential for running your business efficiently.
Expert advice - In your decision-making process, make sure you include the experts so that they can adequately guide you regarding the ERP system and the process of software migration. The expert decision-maker can assist you in your decision-making process.
Take your time - ERP implementation is a big undertaking, so you should take ample time before finalizing it. Ensure that your business goals align with the big choices that you are planning for the implementation of an ERP system.
Top trends driving the ERP market
ERP software market has evolved fast with a wide range of functionalities. In the ERP market, the top emerging trends are:
Cloud-based solutions- ERP for small businesses and start-ups can have automatic updates, universal accessibility, and heightened security with cloud-based solutions. You will find that cloud services are essential for various departments like sales, human resources, manufacturing, and marketing.
IoT (Internet of Things) – By connecting devices and products to the Internet, you can have better oversight over things like supply chains, appliance performance, shipping partners, and data pool for the decision-making process.
Mobility- Managers, executives, workers, back office, and front office staff can manage critical business operations on smartphones and tablets. Anywhere and anytime, they can access the business operations on mobile devices.
Real-time insights- The functionalities of the interactive dashboard and in-built reporting can create a flawless user experience. The real-time insights allow users to have prompt responses along with faster turn-around time.
Predictive Intelligence- Businesses can increase their operational efficiency, drive more sales, and enhance productivity with predictive intelligence capabilities. In terms of data and market trends, the BI (business intelligence) tools can strengthen the business core that ultimately helps in augmenting human capabilities.
Leverage supply chain management- The ERP system can increase the visibility of your supply chain operations, which in turn can help in promoting communication among various departments of the organization. You can keep your organization on the same page with the proper supply chain management system.
Adding up social media and digital marketing - Across multiple social media channels, the list of ERP systems can incorporate direct marketing and data gathering links so that they can gain competitiveness.
Big data analytics- Users can make accurate predictions by using analytics tools. It helps users to form a more intellectual approach to the business strategy. A large amount of data can be generated exponentially due to IoT-connected tools.
User-friendly– Several top ERP vendors have started making the user interface much more friendly and intuitive. The attractive dashboard and easy-to-use ERP features can encourage the users for the ERP platform.
Seamless Integrated ERP – The integration of ERP solutions with the existing or new modules can provide lots of benefits in terms of access to real-time data, reduction of hardware and software costs, and automated functioning.
Built-in Analytics- To meet the competitive market, several businesses are enhancing their analytics capabilities. ERP systems have started implementing this feature too.
What is the average cost of ERP software?
ERP software companies consider the cost of licensing, implementation, training, process redesign, maintenance, upgrades support, development for customization, and vendor pricing.
The price of the Enterprise Resource Planning (ERP) systems is based on the business size and the requirement of its operations. The cost of the ERP for start-ups and small businesses is more affordable as they require basic plans contrary to the ERP for big organizations that go for advanced programs. Small businesses can also try free and open source ERP software solutions.
The average cost of the ERP software can start as low as $ 5.6 per year (for example, ERPNext). It can reach as high as $111.37 annually (for instance, ChiefEX) approximately.
Why refer to GoodFirms’ list of best ERP software?
GoodFirms performs rigorous research based on the latest business trends. If you are looking at the ERP system for small businesses or start-ups, then you can look at the curated list of top-quality ERP software created by GoodFirms coverage.
Before finalizing the best ERP software for your organization, you can explore the list of ERP software to gain knowledge of the high-quality ERP software solutions available in the market.