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 5 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.