Best ERP Software

Are you seeking the best 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 (enterprise resource planning) software listed here has the latest features and functions to help you quickly respond to market demands. Browse the list, apply the pricing, and deployment filters, compare the products, read the reviews, and select the right ERP software solution that fits your business.

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List of Best Enterprise Resource Planning (ERP) Systems

  • CREST ERP

    Best Cloud ERP Software Solution For Your Business
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    CREST ERP is the #1 most affordable ERP software solution In India. Crest is a fully integrated ERP solution designed to improve the management of business operations and enable organizations to make data-driven management decisions. With the CRESTS ERP system, you can focus on growing your business while freeing up resources and increasing employee productivity. ... read more about CREST ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    50% in ERP Software
  • MRPeasy

    Cloud-based ERP system for small manufacturers and distributors
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    Affordable and user-friendly self-service ERP/MRP system for small manufacturers and distributors (10-200 employees). Seamless management of production, stock, customers, purchases, finances, and your team. Stay organized with accurate scheduling and reporting, real-time inventory and purchase management, and a complete view of the business. No more spreadsheets, always promise an accurate lead ti ... read more about MRPeasy

    Entry Level Price
    $49 Per Month
    Free Trial
    30 Days
    Category Focus
    25% in 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.   ... read more about eresource Xcel

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    100% in ERP Software
  • Flectra

    The Open Source ERP and CRM System For Your Business
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    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 ... read more about Flectra

    Entry Level Price
    $9 Per Month
    Free Trial
    N/A
    Category Focus
    50% in ERP Software
  • ERPbyNet

    Smart ERP for the world, made in India!
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    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. ... read more about ERPbyNet

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    100% in ERP Software
  • Embrace ERP provides a scalable, unified end-to-end solution to run, transform and future-proof your entire business. On premise or in the cloud, Embrace ERP empowers your entire workforce anytime, anywhere. Gain real-time visibility across your business, streamline processes and improve productivity. Building on a track record of innovation and 100% implementation success, spanning 36 years, Embr ... read more about Embrace ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    100% in ERP Software
  • businessMATE

    businessMATE offers flexible and scalable business application services and solutions.
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    Selecting an ERP Should allow a business to maintain their processes, add new technologies, with the ease and power of a database application. Consider the cost benefit of a custom system that automates unique and time consuming complex tasks to a few clicks. ERP should work with what you’re using now but also include new features that help in your future growth. ... read more about businessMATE

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    50% in ERP Software
  • NetSuite ERP is an all-in-one cloud-based ERP Software with many business management solutions. It is highly scalable, customizable, and designed to support your organization as it grows and changes. Automating core processes and providing real-time insights into the operation and financial performance of organizations allow them to operate more efficiently and effectively. This allows business ... read more about NetSuite ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    40% in ERP Software
  • Odoo

    Full Suite of Integrated Business Apps
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    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 ... read more about Odoo

    Entry Level Price
    $7.50 Per Month
    Free Trial
    15 Days
    Category Focus
    50% in ERP Software
  • SAP ERP

    Proven, time-tested on-premise ERP .
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    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 ... read more about SAP ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    50% in ERP Software
  • Dynamics 365 software smartly helps small and medium businesses to function in a hyperconnected way aligning right from customer intake to customer retention. This cloud-based software integrates well with ERP features to facilitate the best management and efficient planning of resources. Optimizing service operations and personalizing customer service is just accessible with Microsoft Dynamics 36 ... read more about Dynamics 365

    Entry Level Price
    $65 Per Month
    Free Trial
    N/A
    Category Focus
    25% in ERP Software
  • Dolibarr

    One web suite to manage all of your business.
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    Dolibarr ERP & CRM is an Open Source and free software package to manage companies, freelancers or foundations. We can say Dolibarr is an ERP or CRM. You enable only the feature you need. So whatever is your business management need, 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 ... read more about Dolibarr

    Entry Level Price
    $12 Per Month
    Free Trial
    15 Days
    Category Focus
    10% in ERP Software
  • SAP Business One

    Doing good is good business.
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    SAP Business One discovers a single, affordable solution for managing your entire company. SAP Business One is designed for all your small and midsize company needs. The application offers an affordable way to manage your whole business from accounting and financials, purchasing, inventory, sales and customer relationships, and project management, to operations and HR. SAP Business One helps you t ... read more about SAP Business One

    Entry Level Price
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    Free Trial
    15 Days
    Category Focus
    25% in ERP Software
  • Oracle Fusion Cloud ERP

    Gain resilience and agility, and position yourself for growth.
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    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 ... read more about Oracle Fusion Cloud ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    50% in ERP Software
  • Infor Visual

    Your success is our mission
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    Infor ERP is a suite of applications designed for implementation by manufacturing and distribution businesses in a range of industries. Each of the Infor ERP applications are further specialized for specific industries. Infor LN, Infor M3, Infor VISUAL and Infor Lawson are several of Infor's ERP solutions.  ... read more about Infor Visual

    Entry Level Price
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    Free Trial
    30 Days
    Category Focus
    50% in ERP Software
  • 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 ... read more about SYSPRO ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    33% in ERP Software
  • TallyPrime

    Experience simpler and faster way of working
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    Tallyprime is an all-new business management, accounting, and ERP software ideal for small and medium enterprises. TallyPrime accounting tool can help users accomplish critical tasks like invoicing and accounting, inventory management, credit, and cash flow management, taxation and compliance, bank reconciliation, and payroll management. This comprehensive business management software also has mod ... read more about TallyPrime

    Entry Level Price
    $243.22 One-time
    Free Trial
    30 Days
    Category Focus
    34% in ERP Software
  • DataNote ERP

    Think ERP! Think DataNote!
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    Cloud & SaaS model-based solutions that empower small- and mid-sized businesses to unlock their potential and drive growth. Built on the world’s best enterprise solution technology and easy to understand user interface, DataNote ERP software delivers a suite of fully-integrated applications, powered by a robust and flexible platform. DataNote is an OpenLogic ERP Framework tool that provides data ... read more about DataNote ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    50% in ERP Software
  • 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 ... read more about Acumatica Cloud ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    50% in ERP Software
  • xTuple ERP

    Business Happens on the Web.
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    "xTuple" (verb) — to grow; to increase exponentially. xTuple's mission — to help companies of all sizes successfully implement powerful, and easy-to-use, open source Enterprise Resource Planning (ERP) software to grow their business profitably. Delivering enterprise-class technology products and services at an affordable cost — one of the lowest Total Cost of Ownership of any ERP system ... read more about xTuple ERP

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    Category Focus
    50% in ERP Software
  • Construction365cloud – Construction management Software offers a variety of margin safeguards to enable builders and contractors to get a profitable outcome in a construction project. Every aspect from sub-contractors to materials, outsourcing jobs and from plant management to mobile assets and labor in the field is effectively managed by construction software. Construction365cloud ERP for Const ... read more about Construction365cloud

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    50% in ERP Software
  • OpenPro ERP

    Manufacturing ERP software solution
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    OpenPro ERP is the first Web-Based Enterprise Resource Planning (ERP) system available. The latest version of our ERP software solution is flexible enough to run on any operating system and SQL database. As an open-source ERP solution, OpenPro software is a complete solution that delivers outstanding value based on exceptional price, performance, and functionality. OpenPro ERP has a rules-based de ... read more about OpenPro ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    33% in ERP Software
  • Vault-ERP

    Organize Your Business Processes With One Tool
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    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- ... read more about Vault-ERP

    Entry Level Price
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    Free Trial
    30 Days
    Category Focus
    100% in ERP Software
  • Sage Business Cloud X3 is a complete suite of business software solutions that spans various categories like ERP, accounting and financial management, accounts payable, and supply chain management. The software is cloud-based and is designed for small and medium-sized businesses. It provides financial stability to businesses by bringing accuracy and transparency to the accounting process. The sof ... read more about Sage X3

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    25% in ERP Software
  • RetailOps

    Intelligent Operations for Commerce
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    RetailOps is the culmination of more than a decade of hard work. Prior to RetailOps, our co-founders dealt with the uniquely painful operational challenges of retail first hand, in executive roles that ranged from building and scaling eCommerce technology to driving digital marketing and revenue growth. During that time, we searched high and low for a retail operations platform (commonly referred ... read more about RetailOps

    Entry Level Price
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    Free Trial
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    Category Focus
    20% in ERP Software
  • PayTraq

    Simple and Effective Online Accounting Software.
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    PayTraq is a simple, secure online accounting software ideal for independent accountants and businesses. As a reliable accounting and bookkeeping tool, PayTraq gives growth opportunities to all sizes of businesses through its integrated online accounting features. PayTraq’s automated ERP features enable users to control enterprise resources efficiently. This all-in-one automation tool helps acco ... read more about PayTraq

    Entry Level Price
    $24.51 Per Month
    Free Trial
    14 Days
    Category Focus
    33% in ERP Software
  • Ximple

    ERP Does more, costs less, it’s that Ximple.
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    The most integrated, flexible, and easy-to-use Enterprise Resource Planning (ERP) software for your growing enterprise. Our Cloud ERP system unifies your entire organization into one integrated business software suite. The real-time flow of information with customers, suppliers, and your employees is made simple and efficient giving you the power to optimize your business performance. ... read more about Ximple

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    100% in ERP Software
  • Quarto ERP

    Complete Manufacturing, Distribution Management Software
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    Quarto ERP is a complete ERP solution that helps the Small and Medium Businesses to operate efficiently and achieve prosperity. Quarto ERP is capable of adapting and implementing the management systems in place for each department. Production, Inventory Control, Purchase Import, Sales, Export, Distribution, Finance, CRM, HRM, Document Management Systems work seamlessly in cloud Server with all the ... read more about Quarto ERP

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    100% in ERP Software
  • DELMIAworks

    Manufacturing ERP Software.
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    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 ... read more about DELMIAworks

    Entry Level Price
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    Free Trial
    N/A
    Category Focus
    33% in ERP Software

Buyer’s Guide

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 ERP software solutions in the following sections.

What is ERP?

ERP stands for Enterprise Resource Planning which 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 for keeping track of all the customers. Within 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, and report writers.

  • Business Intelligence – It helps in creating data-driven decision-making processes, collects and analyzes data, and offers actionable insights about 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 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, and 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 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 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 for business helps in reducing the business’s labor and operating costs. Companies can experience maximum ROI and save money by managing their time and entrepreneurial resources.

  • Collaboration and Scalability - ERP provides collaboration between departments and allows the addition of new users and functions to grow efficiently.

  • 360-degree view of business operations - ERP offers a 360-degree view into businesses like sales, planning, customer service, production, HR, distribution, and accounting.

  • Paperless operations - In the ERP, 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 software allows users to have the details of the product by knowing 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 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 –  Software offers information on the business data that includes details regarding who, what, when, where, and 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 helps in boosting productivity and simplify business processes.  ERP software solutions can adapt to the changing needs of the growing business.

  • Correct Forecasting - By employing ERP, 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 a core business process that includes taking customer orders, maintaining inventory records along with financial data, and scheduling operations.

What are the most common features of Enterprise Resource Planning Software?

The most commonly found features in ERP systems 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 through 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 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 businesses 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, 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 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 manufacturing and inventory processes. It accelerates the production cycle and streamlines the production process. With the help of the inventory management system, it allows for 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
  • Customizability
  • 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 backup 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. For 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 inventory levels.

  • Mobility and flexibility- The ERP software provide accurate information to the users by leveraging the centralized database. It offers remote access to the database that helps in processing multiple functions.

  • Enrich accounting and financial reporting- ERP system implementation allows tracking of 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 monitors compliance, streamlines data processing and internal processes, and 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 enterprise resource planning 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 (SMBs), 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:

  • Scalability
  • 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 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
  • Lessons 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 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's 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 which 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 within 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 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 between on-premise, cloud, or hybrid models. Usually, 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:

  • Healthcare
  • Construction
  • Wholesale
  • Manufacturing
  • Big-box Retailers
  • 3PL (third-party logistics) providers
  • Distribution
  • Logistics
  • 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 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 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

The 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 a 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 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 which 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 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 considers the cost of licensing, implementation, training, process redesign, maintenance, upgrade support, development for customization, and vendor pricing.

The price of the Enterprise Resource Planning (ERP) system 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, unlike 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 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.

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.

Frequently Asked Questions

When is the right time to update Your ERP system?

The final decision of buying an ERP system depends on the productivity, profitability, and efficiency that businesses seek to accomplish. However, there are certain signs that businesses can watch to understand the need for an ERP system's update and upgrade. Have a look at the following points;

  1. If there are any critical bottlenecks in the current software usage and whether features are outdated or not. 
  2. If your previous deployment mode is no longer valid due to growth in the company's size, revenue, or employees. 
  3. If your company is starting a new venture which requires more processes, analytics, and upgraded platforms.
  4. If there are inefficiencies in current processes and functions. 
  5. If there are automation issues and existing systems are incapable of automating the redundant processes.
  6. Even after ERP implementation, your business, departments, and teams are struggling to achieve the desired results.
  7. When the current ERP systems are no longer regulatory compliant due to changes in policies

How long does it take to implement ERP solutions across the organization?

The time duration for implementation and streamlining of ERP software solutions depends on the process complexity, nature of business operations, and size of your organization. It may also vary depending on coverage, degree of customization, and type of deployment required.  

However, with an efficient ERP software vendor, good planning, and collaboration, you can significantly curtail the time required for implementation. While the implementation process also depends on the type of industry you are in, the common steps of deployment include system selection, data processing, and upload, technical training, and execution.
 

Do we need to hire full-time IT personnel for ERP system maintenance?

While technical support is required for deployment and customization (mostly provided by the software vendors themselves), once you have implemented the ERP system, you don't require full-time IT personnel. Your in-house trained employees can take care of the issues with technical support from your software vendor.

What are the hidden costs of ERP Software?

While most high-end vendors are transparent about their prices, users should play safe by asking about the costs associated with: Implementation, Hardware purchase (if required), customer support, customization, scalability, upgrades, and updates. It is always prudent to calculate each component separately and then arrive at a holistic figure to set an accurate budget for ERP implementation.

Which are the most popular ERP software providers?

Oracle Netsuite, SAP, Microsoft Dynamics, are the most popular enterprise-grade ERP software. However,  Odoo, Crest ERP, Kinetic, Infor, and Sage 300 are popular ERP solutions for medium and small-sized businesses.

What Are the Advantages of Cloud ERP?

Cloud-based ERP software has many advantages over traditional on-site ERP solutions. Cloud-based ERP solutions provide real-time analytics about business data, high-end security for organizational data, meager operating costs, scalability for the entire infrastructure, flexibility to access ERP from remote locations. Cloud-based ERP solutions provide unmatched industry-specific capabilities.

What is Two Tier or Tier 2 ERP?

Organizations Two-Tier ERP systems are designed to cater to the needs of large enterprises where data flow from Tier 2 to Tier 1. In this system, a large organization's headquarters use Tier 1 ERP systems while subsidiaries and other units use Tier 2 ERP systems. Two systems are integrated to achieve robust performance, increase functionality, and serve subsidiaries.

What is an ERP System?

An ERP system is an integrated software solution that centralizes and streamlines core business processes across various departments like accounting, supply chain, manufacturing, human resources (HR) and customer relationship management (CRM).

Who are the best-rated ERP Software on GoodFirms?

Goodfirms has listed 230+ ERP Software based on reviews & ratings. Here are Best-rated ERP Software:
 

  1. Dolibarr - (5/5 Ratings, 5 Reviews)
  2. CREST ERP - (4.8/5 Ratings, 14 Reviews)
  3. SAP ERP - (4.4/5 Ratings, 14 Reviews)
  4. Odoo - (4.3/5 Ratings, 18 Reviews)
  5. NetSuite ERP - (4.1/5 Ratings, 27 Reviews)

Who are the best ERP systems for small business on GoodFirms?

The Best ERP Software for Small businesses on GoodFirms, based on reviews & ratings, Includes:

  • MRPeasy - (5/5 Ratings, 3 Reviews)
  • RetailOps - (5/5 Ratings, 2 Reviews)
  • CREST ERP - (4.8/5 Ratings, 14 Reviews)
  • DataNote ERP - (4.7/5 Ratings, 3 Reviews)

Who are the best-rated ERP Accounting Software on GoodFirms?

The Best-rated ERP Accounting Software on GoodFirms, based on reviews & ratings, Includes:

  • ERPbyNet - (5/5 Ratings, 1 Review)
  • Embrace ERP - (5/5 Ratings, 1 Review)
  • SAP Business One - (4.8/5 Ratings, 5 Reviews)
  • Dynamics 365 - (3.9/5 Ratings, 14 Reviews)
  • Infor Visual - (2.8/5 Ratings, 4 Reviews)

Who are the free ERP Software on GoodFirms?

The free ERP Software on GoodFirms, based on reviews & ratings, Includes:

  • Dolibarr - (5/5 Ratings, 5 Reviews)
  • EasyERP - (5/5 Ratings, 1 Review)
  • Metasfresh - (5/5 Ratings, 1 Review)
  • MixERP - (5/5 Ratings, 1 Review)
  • ERPAG (No Reviews)
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