Enterprise Resource Planning (ERP) Systems
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What are ERP Systems?
Enterprise Resource Planning (ERP) systems are platforms that 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.
ERP traditionally involved many different processes, such as manufacturing, supply chain, and accounting. ERP systems have also expanded beyond their original business functions to include newer functional areas like Business Intelligence (BI), CRM and Marketing Automation, and eCommerce. As a result, modern ERP can benefit a broader range of companies than the traditional manufacturing-centric users.
The entire data flow across these functions is enabled by a central database that manages the data flow. All functions see and operate with the same data. This unified view of a business’s data mitigates discrepancies across departments and business units and makes financial processes more efficient.. For example, adopting an ERP system can streamline accounting and financial reporting and resource planning.
ERP 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
Cloud-based ERP Systems
Traditional ERP systems are complex, expensive proprietary products. They usually require consultants to implement them according to a company’s specific requirements and are long, expensive processes.
Many ERP offerings are now available in a SaaS (software as a service) model through the cloud. SaaS ERP products outsource most or all of the IT burden and maintenance costs to the software provider and off of the business using the system. Cloud-based ERP also make updates and upgrades easier to implement and deploy.
Cloud ERP is a more accessible option than on-premise ERP for many SMBs. For smaller companies, the total cost-of-ownership of a cloud-based system is likely to be lower than for on-premise software.
ERP Systems Comparison
To compare different enterprise resource planning systems, consider these factors:
Deployments: Are the ERP systems deployed on-premise, or in the cloud? On-premise software usually requires more in-house IT personnel to manage and maintain the system. On the other hand, SaaS ERP products may limit your in-house customization and require more assistance from the software vendor for long-term support and upgrades.
Cost: Evaluating the financial impact of an ERP system requires looking at the total cost of ownership, rather than just the price tag. To gauge the total costs of the system, consider both the direct purchase cost alongside the in-house IT costs and resources spent, or not spent, on the system. Also compare the functions that are included in each product’s base package and what functionalities are add-ons that cost extra.
Accessibility for non-IT users: While ERP systems have made strides in usability among line of business users, there is still wide variation between products’ accessibility. To best gauge ERP software’s usability for non-coders, look for review feedback from non-IT specialists.
There is such a variety of products in this category that pricing varies widely. Many products, particularly cloud-based ERP, are priced per user with some base per/month cost for the software itself. Costs per user can be around $7,500, but are usually customized to each deployment.
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.
Advanced Business Cloud Essentilias is a complete cloud-based enterprise resource planning (ERP) solution that delivers a single, fully-integrated platform for businesses to use financials, CRM, stock control, supplier and logistics management, payroll and dashboard reporting.
Rapid Response Manufacturing (RRM) is a fully-integrated ERP and MES software solution designed for small to mid-sized discrete manufacturers. According to the vendor, this solution offers complete order-to-bill management capabilities. The vendor’s value proposition is that this…
At its core, HansaWorld Standard ERP offers the conventional ERP features for accounts, order processing, inventory, manufacturing, and job costing. This solution is designed to manage businesses of all sizes. It is a modular system, meaning you can choose from a wide range of…
To be successful in the furniture industry, you need more than great ideas and good design. You need to be at the right place at the right time with the right message for your buyers. And you need to do it better than competitors. Disparate systems with siloed information and employees…
HotWax Commerce Platform is an ecommerce solution with strong commerce ERP functionality (inventory and order management, order fulfillment, accounting, etc.). It is built on open source projects including Apache OFBiz, Apache SOLR, Ionic Framework and Apache Cordova, Apache Cassandra…
Aptean JustFood ERP is purpose-built for the food manufacturing industry. With a single ERP software solution, companies can manage all aspects of their operations—from the time materials enter the facility until the finished product is delivered. Through a wide-ranging set of features,…
MIE Trak Pro is an on-premise and cloud ERP offering that is ideal for manufacturing businesses with modules designed to accommodate most production cycles and optimize the capabilities of repetitive, custom, quick-turn and mixed mode operations.MIE Trak Pro streamlines the following…
TRIMIT Fashion makes it easier to run a fashion business. It is an end-to-end business software solution that automates and optimizes your business processes - from development to delivery.Some Benefits You work in one single IT system that is specific to your industry.TRIMIT Fashion…
NAXT is an integrated, industry-specific ERP solution based on Microsoft Dynamics 365. The solution is designed for equipment dealers who sell, rent, or maintain machinery and equipment. NAXT represents end-to-end business solution for equipment dealers and offers a combination of…
The Plex Manufacturing Cloud, from Plex Systems in Troy, Michigan provides planning and capacity optimization for manufacturers and other manufacturing execution capabilities, as well as inventory and product management, and also business process controls and capabilities (e.g. accounting)…
Frequently Asked Questions
There are some ERP products tailored to specific verticals, such as manufacturing or construction. There are also 3 types of ERP deployments: on-premise, in the cloud, and as SaaS.