Discover the best ERP solutions for 2021. We round up the top ERP software options in today's marketplace for your organization.
A lot goes into running a business. Whether it be a small or large-scale business, multiple processes need to be taken care of regularly to ensure success.
Keeping track of multiple variables, such as inventory, projects, customer services, and payrolls, can be a lengthy and laborious process. So, this time could be better spent on market research, innovation processes, and up-scaling business.
Fortunately, the technology sector knows this. IT investments, as of 2011, became the largest capital expenditure in United States-based businesses. Why is that? They supply tools, services, and apps that make life easy for business owners.
Enterprise Resource Planning (ERP) systems may just be one of these technologies, but it is the top player.
What is ERP?
ERP systems have been designed around a single, defined data structure that usually has a shared database. This database collects customer details, orders, inventory, sales, and employee information that a business amasses overtime. So, its neat organization, customizability, searchability, and security are vital to smooth work processes.
The ERP runs primarily on hardware such as computers, mobiles, or other compatible electronic devices and typically requires a network connection for full functionality.
How does ERP help business?
The ERP system can integrate several organizational strategies that reside over core business processes in real-time. These processes include planning, sales, marketing, human resources, purchasing inventory, and much more.
The ERP system also facilitates error-free transactions and production, thereby enhancing the company's productivity while maintaining invaluable peace-of-mind for business owners.
All of the ERP processes can be mediated by various software and technologies while being applied across a vast number of departments – giving the business a unified and coherent base to work from across the board. And its familiar user interface generally makes for easy use for all employees.
Moreover, both large scale and small scale businesses use them, so there's a commonality across industries.
Considering the central role of an ERP system can play in a company, it must work for them. Finding the right fit is not easy, but there are certainly some tried & tested ERP systems that stand above the rest.
Here is a list of the best ERP systems listed by what size business they are optimal for:
Small-sized business
Deltek
Benefit from streamlining business development and performing result optimization analysis. Moreover, Deltek's easy-to-read data metrics provide a vantage point for business owners to spot any "weak points" and take due action. Deltek does not slack when it comes to a project, planning, or production tracking. These core business processes are made simple through an accessible user-interface and neatly compiled data showcased for user analysis.
Syspro
With 40 years of experience and a client retention rate of 98%, Syspro's ERP system must be doing something right. For smaller businesses that are looking to hit it big, Syspro opens connections to its global team of industry experts. These industry experts have infused Syspro's ERP solution with all the trappings for success.
Designing, manufacturing, and distribution management is streamlined, meaning that products can rapidly enter the market. Syspro can also help businesses with more expansive processes such as implementing AI technology, dealing with "big data," and undertaking global expansion.
Medium-size business
NetSuite
NetSuite is designed to tackle mission-critical processes so that business owners can focus on what is essential to their business growth. From financial support to supply chain management and even employee payrolls – NetSuite can take care of it.
Using NetSuite, a company can benefit from a birds-eye view over various tasks, projects, and other essential business processes. NetSuite control tools then allow them to tweak, adjust, or edit what they see. Moreover, by providing real-time visibility of production processes, business owners can get their products to the market as fast as possible.
Infor
Infor knows that every business needs different things from their EPR system. That is why they offer a range of four ERP systems offering other management and tracking tools. Here is what Infor has to offer through their industry specific CloudSuite
- CloudSuite Financials
Aimed for use in a service industry setting—robust cash and order management tools alongside flexible purchasing, contracting, and inventory management.
- LN
It is geared towards discrete manufacturing and complex corporations.
- M3
Designed for use in the manufacturing sectors—management over equipment rentals possible.
- CloudSuite Industrial (Syteline)
Suitable for smaller-scale businesses
End-to-end financial, supply, inventory, customer relations, and enterprise performance management are provided with each ERP bundle.
Infor's ERP cloud software is hosted by Amazon Web Services (AWS), meaning that a business can rest assured knowing that their data is secure, and their connections are encrypted.
Enterprise
Oracle
With over 400,000 customers in 145 countries worldwide, it is clear that Oracle is used to supporting business and general workflows. One of Oracle's chief selling points is its many industry-specific solutions that can remedy numerous business process issues across thousands of industries.
Their PeopleSoft ERP and financial management system can minimize costs through increasing control over spending while providing in-depth financial analysis. This specialized tool allows the system's users to locate and reduce unnecessary expenditures, adding up to millions on an enterprise-scale. Procure-to-pay, travel management, treasury management, and reporting are just some of the additional features that Oracle offers.
Microsoft Dynamics
Microsoft Dynamics offers a unifying data system that can produce predictive insights into a business's overall processes and productivity. It promises to help the enterprise maintain personal and beneficial customer relations by implementing stellar customer service systems alongside customer-oriented services.
Microsoft Dynamics boasts an intuitive user-interface that deals with company data, a less daunting task, and helps typical business processes run more smoothly. Plus, several tools allow managers to track the progress of projects and tasks,
Suppose that is not enough to convince business owners that Microsoft Dynamics will return favorable results for their enterprise. In that case, they need to consider the many leading enterprises that benefit from their services every day. Coca-Cola, Hewlett Packard, and Tesla, to name a few.
An Enterprise Resource Manager becomes the heart of the company over time. It is what managers, employees, stakeholders, and anyone else involved with the business become reliant on for proper and expected outcomes. So, it is worth picking the right resource management system the first time to avoid unnecessary blips or need to replicate. Rest assured that the above ERP systems will hold everything together and last your business a lifetime.
Conclusion
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