Enterprise resource planning (ERP) software enables information to flow effortlessly across several corporate departments and divisions, as well as across geographical borders. In the ERP system, no transaction will go ignored. The visibility provided by the top ERP software solutions gives a competitive advantage.

According to recent data, 69% of firms have adopted ERP software as part of their digital acceleration and job automation programs (Deloitte, 2021). Furthermore, 95% of developing enterprises and startups currently use some sort of ERP (Cybrosys, 2021). This article describes the top ERP software on the market, highlighting major features for each platform. It also goes over current ERP software trends and statistics to assist you select the best platform for your needs.

What Is an ERP System?

ERP, which stands for “Enterprise Resource Planning,” is a system used by corporations to improve operational efficiency and productivity. Traditionally, firms attempted to improve by merging internal data.

However, ERP software has altered this process by combining multiple systems into one. This strategy depends largely on data and seeks to improve a variety of business operations.

ERP systems are essentially centralized databases that can be accessed by all areas of a firm. Instead of having separate programs for different departments such as sales or inventory management, ERP consolidates all of this information in one location, making it easier and more organized for employees and supervisors to manage day-to-day duties.

An ERP system is suitable for both large and small businesses. It enables firms to collect reliable data on sales, inventories, and finances. Such a system is commonly utilized in manufacturing and production, as well as healthcare, e-commerce, and non-profit organizations.

FP&A software, such as Datarails, connects with any ERP system and may help you centralize all of your data across several systems to make the best informed financial decisions.

ERP systems handle everything from finances, human resources, and supply chain management. They offer several key benefits:

• Accounting and Finance – ERP systems keep all financial data in one place, saving time and reducing errors. They generate financial reports, giving insights into the company’s financial health and resource allocation.
• Commerce – ERP platforms unify online, in-store, and back-office activities. They manage inventory, orders, and customer relationships, automating tasks like marketing and sales.
• Human Resource Management – ERP systems help HR teams by consolidating employee data. They automate workflows, reduce errors, and enhance collaboration, enabling smarter business decisions.
• Supply Chain Management – ERP systems support inventory, warehouse, vendor, and order management. They improve demand forecasting, reduce production bottlenecks, and provide transparency, aiding informed decision-making.
• Manufacturing Industry – ERP systems assist in managing production schedules, inventory levels, and quality control. They serve as centralized resources for inventory tracking, data analysis, and replenishment strategy.

Top 12 Best ERP Systems

1. Netsuite ERP

Netsuite ERP is a comprehensive business management solution that automates fundamental business activities and allows firms to run more efficiently by providing real-time data. It provides a unified platform for managing accounting, order processing, inventory, warehouse operations, production, and supply chain.

NetSuite ERP enables businesses to have more control of their operations by offering visibility into operational and financial performance. Businesses can make better decisions thanks to the Netsuite ERP platform’s real-time data collection, reporting, and visual analytics.

Features:

• Complete view of cash flow
• Expedites financial transactions
• Global business management tools
• Automated management of inventory
• Eliminates bottlenecks in order processing
• Extended supply chain management
• Optimizes warehouse operations

2. SAP Business One

SAP Business One is an ERP software solution that provides all the tools that you need to effectively manage your company. This business management solution covers accounting and financials, inventory, purchasing, sales, and customer relationships, including reporting and analytics.

SAP Business One allows you to drive your business toward profitability by streamlining processes and providing greater insights through real-time business information. The complete set of tools provided by SAP Business One helps companies reduce errors and improve margins while boosting overall productivity.

Features

• Automates key accounting systems processes
• Accurate project cost monitoring
• Tracks all sales opportunities and lead activities
• Marketing campaign management
• Manages order-to-pay cycle
• Creates timely and accurate reports
• Captures data and provides real-time analytics

3. Sage Intacct

Sage Intacct is an accounting platform that extends as an ERP solution. It allows companies to customize, integrate, and extend functionalities based on business process requirements. Sage Intacct provides all the essential tools for customizing your daily workflows without the help of the IT team.

Read Also: The Best Business Intelligence Software for Data Analysis

To address specific company needs, Sage Intacct Platform Services help extend functionality or create new processes, for instance, with the best HR systems and best email marketing platforms, that can be linked to the different business functions. It is designed to scale with your business and offers open APIs and SDKs that make integrations easy.

Features

• Multi-dimensional general ledger
• Consolidates all entities in minutes
• Real-time multi-dimensional reporting
• Interactive planning reports and dashboards
• Plug-and-play native analytics
• Integrates with HR and payroll
• Instant visibility into your people’s data

4. Acumatica

Acumatica is a cloud-based ERP software system that simplifies corporate procedures while increasing productivity and profitability. It is designed to adapt to particular business processes and evolve alongside the company as it grows.

Acumatica’s technology combines all of your business processes with flexible deployment and scalable license. ERP tools are easily customizable and specialized for any business, including construction management and factory management.

Features

• Full suite of accounting functions
• Flexible item management
• Multi-entity and intercompany accounting
• Total cost visibility
• Personalized dashboards and reporting tools
• Flexible inventory item management using attributes
• Accurate payroll management

5. CMW Platform

CMW Platform is at the forefront of business process management (BPM), guiding organizations through a seamless transition into digital-first operations. Functioning as a genuine low-code BPM solution, it empowers users to create, automate, control, and continually optimize comprehensive business processes within a unified platform. Tailored for citizen developers, CMW Platform excels in rapid app creation, offering a flexible interface and advanced integration options. Featuring a built-in workflow engine, business process modeling, and interface management, it further enhances user experience with 20+ pre-built solutions for immediate implementation.

CMW Platform’s architecture supports quick and versatile deployment options, be it on-premise, in a private cloud, or on public cloud platforms like Amazon Web Services. Its dynamic features allow on-the-fly addition and modification of functional capabilities, supporting real-time changes. Moreover, the platform ensures easy scaling from a handful of users to thousands, maintaining high performance throughout.

Features

• On-cloud and on-premise deployment.
• More than 20 prebuilt solutions, including CapEx approval, document tracking, procurement, and workflow management.
• Web-based form designer.
• ElasticData technology-based business process analysis tool.
• Seamless integration with third-party systems and services, such as MS Outlook, MS Active Directory, Salesforce®, etc., and SurveyGizmo, through web services-based API.
• Compatible with Android and iOS mobile devices.
• True low-code process modeling.

6. Microsoft Dynamics 365

Microsoft Dynamics 365 landed on this ERP software list because it connects business processes so companies can deliver the best service to customers. It uses modular and pre-built applications that add and extend the capabilities of your existing solutions.

By optimizing operations, Microsoft Dynamics 365 accelerates business growth and facilitates innovation across teams. By enhancing performance, better services are delivered to customers and this results in improved engagement. Microsoft Dynamics 365 helps you deliver more value in less time through rapid deployment and onboarding.

Features

• Seamlessly connects sales and marketing
• Delivers personalize service experience
• Builds finance and business operation agility
• Drives better performance through automation
• AI-powered commerce that delights customers
• Digitizes the supply chain to maximize asset performance
• Microsoft AI delivers better insights

7. Multiview ERP

With comprehensive capabilities and features that create a single source of truth, Multiview ERP outperforms standard finance and accounting platforms. It provides unique solutions for every industry, increasing visibility across divisional, regional, and product line silos.

Multiview ERP delivers a comprehensive software suite that covers core accounting, business automation, business insight, and inventory management, ensuring that all of the information you need to keep your business running is easily accessible. Drill deeper into dashboards and financial statements to gain more information.

Features

• Fast and powerful reporting environment
• Multi-sourced data warehouses
• Compare budget approval workflows against actual results
• Robust system for managing productive assets
• Complete control over payment and payment strategies
• Comprehensive system for managing AR
• Real-time access to financial information

8. Munis for Schools

Munis Enterprise ERP for schools is an ERP platform that provides a comprehensive solution to school districts that help them save money, and time, and boost productivity through dynamic data integration. By centralizing data and connecting school districts, Munis Enterprise ERP for schools simplifies data analysis and reporting and promotes transparency.

Munis Enterprise ERP integrates finances, payroll, human resources, fixed assets, revenue streams, purchasing, and more. It increases staff efficiency and empowers schools to become more responsive to the community.

Features

• Multi-fund accounting system for rigorous fiscal control
• Streamlines HR processes to attract and hire the right talent
• Effectively manages school district procurement processes
• Streamlines a broad range of revenue and collection services
• Creates better user experience for both staff and community
• Bridges the silos of information between departments
• Provides district stakeholders and citizens with 24/7 access to financial data

9. Genius ERP

Genius ERP is a software package aimed at small and medium-sized custom manufacturers. It meets the demands of high-variable, multi-stage production by offering ERP features that can handle a variety of project types, including make-to-order, configure-to-order, engineer-to-order, and other bespoke manufacturing methods.

Genius ERP assists manufacturing organizations in enhancing production systems through its out-of-the-box ERP system functions. It enhances productivity without requiring additional staff, allowing manufacturers to take on new projects and grow their businesses.

Features

• Automatically convert CAD models into BOMs
• Optimizes scheduling according to actual shop-floor capacity and constraints
• Connects and integrates business processes
• Eliminates long-lead item shortages through optimized purchasing
• Maximizes throughput based on actual capacity
• Automatically reorders items based on minimum stock
• Facilitates effective quality control

10. Epicor Prophet 21

Epicor Prophet 21 is an end-to-end ERP solution specifically designed for distribution businesses. It includes a full range of inventory and supply chain management features and sales pipeline management that seamlessly integrates B2B ecommerce.

Epicor Prophet 21 delivers value to customers by tracking service and production orders, and by managing inventory. By providing a unified customer experience, businesses using Epicor Prophet 21 earn customer loyalty.

Features

• Warehouse management tool integrates with machinery
• Simplifies vendor setup and management
• Deep business intelligence for informed distribution decisions
• RESTful API allows integration with other business apps
• Helps fine-tune customer focus and engagement
• Integrates online presence to provide a complete experience to customers
• Streamlines quote-to-cash cycle

11. Skubana

Skubana is an inventory management software that integrates points of sale, partners, and warehouses with both add-on and native integrations. It provides all the tools that you need to organize all your orders as well as the crucial data that will help your business grow.

Skubana is the software solution that you need to run your online business. It provides sales insights and helps businesses keep a single database of all suppliers. Skubana lets you run your multi-channel business, including all warehouses and products, from one dashboard.

Features

• Track pricing, quantity, and production lead time
• View multi-channel operations from one dashboard
• Reduce friction and inefficiency through seamless operations
• Cross-channel reporting with detailed data
• Real-time inventory for consistent metrics
• Automatic shipping and return labels
• Automates data flow across orders, inventory, and purchasing

12. Exact Globe

Exact Globe is a comprehensive solution for all business processes. Exact Globe, one of the best ERP software systems, allows you to manage purchasing, production, delivery, accounting, human resources, CRM, and all of your business processes, making it a complete project management solution.

This future-proof software connects seamlessly with new technology, ensuring that every organization has a single source of information. Exact Globe is simple to implement and adapts to the needs of the organization. The reporting and analysis tool enables more effective forecasting and benchmarking.

Features

• Centralized system to manage all your business processes
• Available and compliant with the standards and laws of over 40 countries
• Apps equipped with modern technologies to streamline processes
• Easily connects with other business apps for smoother collaboration
• Quick deployment ensures optimized use of resources
• Easily generates and analyzes real-time reports
• Integrates financial administration with project management

Bottom Line

All of the ERP software examples on the list offer solutions for the easy exchange and processing of information. Accurate information provides correct data, which is critical when making decisions. The best ERP software solutions ensure that the right data is provided to the right location and time.

While integrating ERP systems in firms can be tough, the benefits far exceed the problems. ERP systems connect all teams within a business, and the visibility they provide enables teams to establish coordinated operations. ERP systems, which are a significant foundation of businesses today, will continue to improve how firms function and grow in every transformation.