August 13th, 2018 | Updated on February 22nd, 2023
ERP systems (or enterprise resource planning systems) are complete, integrated systems that manage all aspects of a production-based business, aligning financial management, human resources, supply chain management, and manufacturing with the core function of accounting.
In today’s fast-paced, highly competitive economy, organizations don’t have time to waste forcing homegrown software, spreadsheets, and one-size-fits-all solutions to do things they were never designed to do.
That’s why highly specialized organizations rely on enterprise software services providers to streamline their everyday operations.
In this article, we’ll introduce you to the top ERP software systems and help you identify their key benefits and strengths.
The aim is to help you find a match between your needs and what any of these top solutions can bring to the table.
1. SAP ERP
SAP ERP software is a proven foundation for the world’s largest organizations. Streamline procurement, manufacturing, service, sales, finance, and HR processes.
Sharpen your competitive edge and drive growth with enterprise resource planning from SAP.
With more than 40 years of experience and nearly 50,000 customers, our market-leading enterprise resource planning (ERP) software is a proven, trusted foundation built to support the world۪s largest organizations as well as small and midsize companies in 25 different industries.
Leverage role-based access to critical data, applications, and analytical tools and streamline your processes across procurement, manufacturing, service, sales, finance, and HR.
I’ve been working with this ERP for over 4 years, I started as a user, and now I am administrator, this is a very big system, strong and trustable, very customizable, I’ve seen it implemented in many kind of company and it has been customized and adjusted to all of them, they have got better procediments and speed on their process. It never stop growing.
2. NetSuite ERP
NetSuite ERP is a cloud ERP solution and provides proven financial management and ERP that easily integrates with your broader sales and service processes, used by more than 40,000 organizations across 160+ countries.
NetSuite ERP offers a modern, scalable solution to run all your key back-office operations and financial business processes in the cloud.
From comprehensive financial management capabilities, including sophisticated revenue management and billing solutions, to inventory, supply chain and warehouse management solutions.
NetSuite empowers businesses of all sizes, across all industries, in every part of the world to unleash innovation and growth.
Built-in business intelligence with real-time reporting and analytics equips your organization with a single version of the truth and ignites better, faster decision making.
NetSuite ERP is a very robust piece of software. That is its biggest advantage. Also the fact that they have developed through their local representative companies, packages with accounting rules specific to each country.
Additionally it looks a little bit more modern than other robust software similar in the industry.
3. Sage Intacct
Sage Intacct is cloud accounting and web-based financial management software designed to help companies improve performance and accelerate growth.
Gain real-time financial and operational visibility throughout your business. Leverage comprehensive financial controls to ensure security and compliance.
Streamline your business processes using extensive automation to reduces labor, and save costs.
The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.
I like how easy it is to log in via the internet and the ease of navigation within the software. The layout and display is easy to read and move around in especially when entering invoices in the accounts payable section and when running the G.L.
4. Epicor ERP
Epicor Software Corporation drives business growth. They provide flexible, industry-specific software that is designed to fit the precise needs of our manufacturing customers.
More than 40 years of experience with our customers’ unique business processes and operational requirements is built into every solution-in the cloud, hosted, or on premises.
With margins for products eroding, customer demands increasing, and the world in a state of uncertainty, manufacturers must leverage technology to increase business agility, enable insightful decision-making, and achieve even more at the fastest pace.
Epicor provides a proven foundation with which to leverage new technologies such as the Internet of Things, big data and analytics, social collaboration and mobility.
Replacing technology, integration, and accessibility barriers that stifle productivity, Epicor ERP provides a new level of collaboration, visibility, and results.
The result is powerful solutions that free your resources so you can grow your business.
The ease of use has drastically reduced the training time required to bring new employees/users up to speed on how to use the system.
It used to take 2 months minimum before new inside sales reps could enter orders or quotes on our old system, and it now takes less than 2 weeks to have them trained and using the system.
Additionally, the availability of the data and ease of creating dashboards has given us much better tools to lead the business in real time.
5. Oracle E-Business Suite
Oracle E-Business Suite (EBS) is a fully integrated, comprehensive ERP suite of business applications including financials, sales contracts, HR, CRM, projects, and supply chain.
With hundreds of cross-industry capabilities spanning enterprise resource planning, customer relationship management, and supply chain planning.
Oracle E-Business Suite applications help customers manage the complexities of global business environments no matter if the organization is small, medium, or large in size.
As part of Oracle۪s Applications Unlimited strategy, Oracle E-Business Suite applications will continue to be enhanced, thus protecting and extending the value of your software investment.
This is very power ERP application. It works very well in supplier chain management that is semiconductor manufacturing.
I have been using for 7 years integrated with our built in virtual manufacturing system (VMS) for financial transactions, yield management system for engineering analyst, OBIEE data warehouse, Agile PLM.
6. Dynamics 365 Business Central
Get a complete business and financial management solution for small and medium-sized businesses.
Microsoft Dynamics 365 Business Central makes ordering, selling, invoicing, and reporting easier–starting on day one.
Consolidate multiple systems into a single, connected application–one that integrates closely with Office 365–to save your employees time.
We’re a manufacturing company with multiple sales umbrella companies.
We use Microsoft Dynamics 365 Business Central to place the order to the manufacturing facility, receive parts required to completed manufacturing and keep track of all accounting GL/AP/AR.
7. Acumatica ERP
Acumatica ERP is a cloud-based ERP software solution that offers a range of modules for financial management, project management, customer management, and more.
Acumatica is a service that allows us to improve the economic quality of our company by giving an organization system where we obtain an architecture of numerical stability where the financial area maintains order and its entire process is based on the cloud, so it is more important for the protection it offers.
8. Microsoft Dynamics GP
Microsoft Dynamics GP is an ERP solution designed for small and mid-market businesses.
Dynamics GP provides a single integrated software environment to help automate the business, increase sales, enhance collaboration, improve efficiency, and enable better business decision making.
It is being used by the Finance Department. It is especially integral with having P&L’s ready for the district managers of our company every period. We also tie in payroll with GP.
9. Genius ERP
Genius ERP provides custom manufacturers with the tools they need to reduce costs, increase productivity, and improve the performance of production sites, including CRM, inventory management, product engineering, job costing, account management, scheduling, production planning, and accounting.
Every tool is incorporated into one centralized, easy to use system, ready out-of-the-box for custom manufacturers.
Automate time-consuming steps, quote for more jobs, estimate with greater accuracy, reduce bottlenecks on the shop floor, and connect historical data to upcoming runs to optimize production.
We have had a great experience with Genius. Their product consultants who helped us implement the software focused on how to develop processes through the software that solved some bottlenecks as well as gave us much better cost and hour tracking.
10. Aquilon ERP
Aquilon ERP is a comprehensive, fully integrated business management solution with powerful financial and operations management functionality. Designed for small and midsized businesses.
Aquilon ERP provides a single, affordable solution for managing your entire business, including financials, sales, customer relationships, inventory, supply chain and manufacturing operations.
If you are interested in Aquilon ERP it may also be beneficial to analyze other subcategories of Distribution Software listed in our database of SaaS software reviews.
It’s crucial to keep in mind that hardly any service in the Distribution Software category will be an ideal solution able to match all the needs of various company types, sizes and industries.
It may be a good idea to read a few Aquilon ERP Distribution Software reviews first as some solutions might perform well exclusively in a very small set of applications or be prepared with a very specific type of industry in mind.
11. Dynamics NAV
Dynamics NAV is an ERP product developed by Microsoft for small and mid-market companies.
The solution offers product functionality covering financial management, supply chain management, manufacturing, project management, and service management.
The application’s ability to integrate your organization’s existing systems with data and business processes makes it the ideal ERP software. It also allows team collaboration without having to switch applications.
Microsoft Dynamics NAV is guaranteed to enrich user experience, which will enable employees to complete tasks anytime, anywhere.
12. Bizowie Cloud ERP
Bizowie Cloud ERP is a cloud-based ERP software solution that offers modules for financial management, inventory management, order management, and more. It is designed for small to medium-sized businesses and aims to streamline operations and increase efficiency. It also offers customizable dashboards and reporting tools to provide insights into business performance.
Among Bizowie’s capabilities is the self-service customer portal. This allows the user to increase customer satisfaction without having to hire a customer service representative.
The user-friendly platform is capable of offering services such as order tracking, calculated pricing, and online ordering.
13. ConnectedBusiness ERP
A true Omnichannel ERP & POS solution designed by ConnectedBusiness. Connected Business is a fully integrated omni-channel business solution designed to increase the operational efficiency and profitability of distribution, eCommerce, retail and other product related companies.
It includes ERP, CRM, eCommerce, Warehouse Management, Shipping, Point of Sale, Business Intelligence and more.
We spent a lot of money on several different solutions before we found Connected Business.
What we like the best is that we are able to run our business on one solution instead of 3 or 4. We also like that Connected Business is highly customization as we have customized it quite a bit.
We also like that Connected Business is always being improved and unlike when we were using Dynamics, the owners seem to care and listen to new feature suggestions.
FAQ About Best ERP Software For Small Business
Q: What is ERP software?
A: ERP (Enterprise Resource Planning) software is a business management software that enables organizations to manage and automate their core business processes such as finance, inventory, human resources, and more.
Q: Why do small businesses need ERP software?
A: Small businesses can benefit greatly from implementing ERP software as it helps to streamline their business processes, increase efficiency, and improve overall business performance. ERP software can also help small businesses make more informed decisions by providing them with real-time data and analytics.
Q: What are the benefits of using ERP software for small businesses?
A: Some benefits of using ERP software for small businesses include improved productivity and efficiency, better decision-making capabilities, streamlined business processes, increased data accuracy, and cost savings through automation.
Q: What are the key features to look for in an ERP software for small businesses?
A: Key features to look for in an ERP software for small businesses include financial management, inventory management, human resources management, customer relationship management (CRM), and reporting and analytics.
Q: What are some of the best ERP software options for small businesses?
A: Some of the best ERP software options for small businesses include:
- SAP Business One
- Microsoft Dynamics 365 Business Central
- Sage Intacct
Q: How do I choose the right ERP software for my small business?
A: To choose the right ERP software for your small business, consider factors such as the size and complexity of your business, your specific business needs and requirements, the scalability of the software, and the vendor’s reputation and support services.
Q: How much does ERP software cost for small businesses?
A: The cost of ERP software for small businesses can vary widely depending on the software vendor, the number of users, and the specific features and functionality required. Some vendors offer subscription-based pricing models, while others charge a one-time licensing fee.
Q: What are some tips for successfully implementing ERP software in a small business?
A: Some tips for successfully implementing ERP software in a small business include clearly defining business processes and requirements, involving stakeholders in the implementation process, providing adequate training and support for users, and regularly monitoring and evaluating the system’s performance.
Q: Can ERP software be customized for the specific needs of my small business?
A: Yes, many ERP software vendors offer customization options to tailor the software to the specific needs of your small business. However, customization can add additional costs and complexity to the implementation process.
Q: Can ERP software be integrated with other business software and systems?
A: Yes, most ERP software can be integrated with other business software and systems to provide a more comprehensive and seamless business management solution. Integration with other software and systems can also help to increase efficiency and productivity.