Enterprise Resource Planning (ERP) Software
Best Enterprise Resource Planning (ERP) Software
- Top Rated Enterprise Resource Planning (ERP) Software include: Microsoft Dynamics NAV, Oracle ERP Cloud, Sage Intacct, PeopleSoft, SAP Business One, Oracle Financials, SAP ERP, Microsoft Dynamics AX, and Deltek Vision.
- Other Enterprise Resource Planning (ERP) Software on the TrustMap include: Infor ERP, NetSuite, Microsoft Dynamics GP, Epicor ERP, Oracle eBusiness Suite, SAP Business ByDesign, Prophet 21, Sage 100, and Microsoft Dynamics SL.
- A complete list of Enterprise Resource Planning (ERP) Software is available here.
TrustMaps are two-dimensional charts that compare products based on satisfaction ratings and research frequency by prospective buyers. Products must have 30 or more ratings to appear on this TrustMap, and those above the median line are considered Top Rated.
ERP Software Overview
What is ERP Software?
Enterprise Resource Planning or ERP software handles all the resources required to make, ship, and account for customer orders. It does this by integrating all the information flowing through the various departments of a large complex organization. This involves many different processes such as manufacturing, supply chain, HR, etc.
The entire data flow across these functions is enabled by a central database that manages the data flow. All functions see precisely the same data. Additionally, the shared database eliminates re-keying of critical data. For example sales orders flow automatically into the financial system.
ERP Software Features & Capabilities
ERP systems have a very broad range of capabilities, including:
Reporting and Analytics
Project Financial Management Procurement
Supply Chain Management
Product Lifecycle Management
Traditional ERP software systems are complex, expensive proprietary software. They requiring consultants to implement them according to a company’s specific requirements. ERP implementations can be long and costly often requiring a company to modify their business processes or change them completely.
New Trends in ERP
ERP software has undergone a profound transformation in recent years. The main vectors of change are:
Expansion Beyond Manufacturing
ERP has expanded beyond its original business functions to include newer functional areas like Business Intelligence (BI), CRM and Marketing Automation, and eCommerce. As a result, a broader range of companies than the manufacturing-centric systems of traditional ERP is now using reaping the benefits or ERP.
Although the ERP sector is still dominated by on-premise solutions, this is beginning to change.
The advent of cloud computing has greatly simplified complex software deployment. Unlike on-premise software, cloud software does not require a trained internal IT staff, or maintenance and patching.
Many of the large ERP vendors have been re-architecting their products to a partial or hybrid cloud deployment model where some parts of the process are moved to the cloud, and others remain on-premise.
Small Business ERP
For many small and medium-sized businesses multi-tenant, cloud ERP is a real option. For smaller companies, the total cost-of-ownership for of a cloud-based system is likely to be lower than for on-premise software.
Cloud ERP software designed for SMBs is becoming more of an option as the range or product options increases and worries about cloud security diminish.
There is such a variety of products in this category that pricing varies widely.
One major factor is whether to deploy an on-premise or a cloud-based system. Over the course of a year, subscription fees for a cloud-based system are typically about 20 to 30 percent of the cost of a similar system’s perpetual license.
Additionally, an on-premise deployment will incur support and maintenance costs which are between 10% and 20% of the original licensing fee.
Other factors affecting price are the total number of users, and specific modules required.
Enterprise Resource Planning (ERP) Products
Sage Intacct is a cloud ERP system targeted at high-growth small and medium-sized businesses – from startups to public companies. The Sage Intacct ERP system includes applications for core financials and accounting, purchasing, order management, and financial reporting and business intelligence....
Brightpearl is a platform that was designed to help users manage their omnichannel business.According to the vendor, key benefits and features include: Built for retail. Brightpearl is focused on strictly on omnichannel retail, meaning that our platform and all future innovations are focused on...
NetSuite is a suite of ERP and accounting modules which is sold in various different editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in an on-premise edition.
Oracle eBusiness Suite is a comprehensive suite of integrated, global business applications. The suite includes cross-industry capabilities spanning ERP, CRM and supply chain planning.
Microsoft Dynamics GP is one of the ERP products in the Dynamics family. This is the original Great Plains product acquired by Microsoft in 2001, and has strong financial management and HR capabilities. Customers tend to be professional services, finance and public sector companies.
Epicor ERP, now in version 10, presents very wide feature breadth, customizability and scalability, typical of major ERP offerings. It is meant as a single, end-to-end software solution for businesses, and is available on premise, hosted, or in the cloud as a software as a service (SaaS) solution –...
Deltek Vision is enterprise resource planning (ERP) software for project based companies.
SAP ERP is the latest incarnation of what used to be the R/3 ERP product. It is an enterprise suite comprising Financials (A/P, A/R, accounting, reporting, risk management, etc.), Human Capital Management (HR and Payroll), and Operations (procurement, manufacturing, sales & service). This is an...
Sage 100 ERP (formerly Sage ERP MAS 90, 200, and 200 SQL) business management software offers a broad range of modules designed to meet the many needs of virtually any business. It encompasses financial operations and accounting, payroll, business intelligence, CRM, eBusiness, manufacturing and...
Microsoft Dynamics SL is one of the ERP products in the Dynamics family. This product was acquired from Solomon 2000. The product is typically used by SMBs, particularly in project-based businesses (e.g. construction). It has strong accounting and project management capabilities.
SAP Business One is an integrated enterprise resource planning (ERP) solution for small and medium-sized businesses, The product encompasses functionality around sales, customer relationships, inventory, operations, financials and human resources. The application has over 30,000 customers and is...
Epicor Eclipse is an end-to-end business system for wholesale distributors, as well as electrical, HVAC, plumbing and PVF businesses.
Microsoft Dynamics NAV is one of the ERP products in the Dynamics family. This is the Navision product acquired by Microsoft in 2002. This product is the best-selling Microsoft ERP platform, and is often used by companies in the manufacturing and distribution verticals.
Microsoft Dynamics AX is one of the ERP products in the Dynamics family. This product (originally called Axapta, and acquired through the Navision acquisition) is designed for multi-site and multi-country operations and customers tend to be in manufacturing and distribution verticals.
Oracle Enterprise Resource Planning (ERP) Cloud aims to offer a complete, innovative, and proven solution for organizations of all sizes. According to the vendor, the product offers built-in industry standards and modern best practices on a single cloud platform. Designed with scalability in mind,...
PeopleSoft Financials is a client/server financial management designed for larger organizations. Features enable organisations to control, monitor, administer, and report on financial information, accounting, and project tracking.
Infor ERP is an enterprise ERP platform focused on the needs of manufacturing and distribution sectors. The product was traditionally offered on-premise, but is now available in a cloud version.
JD Edwards was an independent ERP vendor which was acquired by PeopleSoft in 2003. PeopleSoft, in turn, was acquired by Oracle in 2005, and the JD Edwards product line became Oracle JD Edwards EnterpriseOne. The product is primarily aimed at medium-sized companies. Like many ERPs, it combines...
Synoptic provides ERP financial reporting tools and analysis. This solution is designed to deliver real-time data. The vendor’s value proposition is that their solution empowers users to create financial and operational reports with spreadsheet ease of use.
Sparkrock’s cloud-enabled solution helps organizations manage their finance and accounting, human resources and payroll, human services case management, and donor and fundraising activities.According to the vendor, key benefits and features include:Finance Management helps you control your finances...
Deltek Costpoint is an ERP soluftion designed for government contractors built around project management and accounting capabilities.
EnterpriseIQ is an industry specific ERP from IQMS, developed for manufacturers in the aerospace, assembly, automotive, food, general manufacturing, medical devices, plastics, rubber, metal fabrication, packaging, stamping, and similar industries. According to the vendor, as EnterpriseIQ is an...
SYSPRO is a highly scalable, industry-built Enterprise Resource Planning (ERP) software solution that can be deployed in the cloud, on-premise, or accessed via any mobile device. SYSPRO is designed to simplify business complexity for manufacturers and distributors by providing actionable insight...