The term “enterprise resource planning” was coined in 1990 by Gartner. At the time, the idea of using dedicated software to plan a company’s resource management pipeline was strange and unfamiliar, especially for businesses that had already gone through the painstaking process of building ERP systems on pen and paper.

Jump forward to today, and almost 90% of businesses use some form of ERP software. ERP software is critical to nearly every business operation, from managing HR to corralling bookkeeping, and even ordering supplies. By centralizing resource data in one place, businesses have become significantly more efficient and make better decisions now than ever before.

It’s clear ERP software is essential. But which should you choose? There are hundreds of platforms out there, so how do you know which is best for your business? That’s where our thorough review of the top ten ERP software options comes in. Read on to learn which ERP software is right for you!

Our Pick for Best ERP Software: SAP ERP

  • Now that all industries are advancing into AI-based and intelligent software solutions, the best ERP will integrate such features into its design.
  • We have given SAP ERP our top rating for its future-ready perspective, cutting-edge technology and machine learning capabilities, and tailored solutions.
  • SAP ERP is designed with the needs of the customer’s needs, which means you can truly get the most out of your ERP through powerful customization.

Best ERP Software : Top for 2022

We‘ve gathered the top ERP software to help your business run more efficiently. From small businesses to large enterprises, we‘ve got the best of the best for you. Check out our list and find the perfect fit for your company!

  1. SAP ERP – Perfect for global businesses of all types
  2. Oracle NetSuite – Best ERP System for financial and supply chain management
  3. Workday – Perfect system for your human capital management needs
  4. Kinetic (Epicor) – Best ERP for manufacturers
  5. Acumatica – Best cloud ERP for businesses that need scalability
  6. Syspro – Designed for manufacturing and distribution industries
  7. Sage X3 – Best ERP system for mid-sized businesses
  8. Microsoft Dynamics GP – Perfectly suited for small businesses
  9. Infor ERP Suite – Best ERP for the modern industry
  10. ERPNext The best open-source ERP software

Best ERP Software – Compared

It‘s no secret that ERP software is a vital part of any business. But with so many different options on the market, it can be difficult to determine which one is right for your company. Read on for an overview of the top ERP software packages and their features.

1. SAP ERP – Perfect for global businesses of all types

SAP’s ERP software system can be used for various applications, including managing inventory, planning demand, and supply chain management. As an all-inclusive package, it offers businesses one centralized view of their operations.

With SAP S/4HANA Cloud, your business can be transformed by intelligent automation. The cloud-based ERP system is designed with a future-ready perspective; it’s built on the cutting edge of technology with AI, machine learning, and advanced analytics, all of which offer more significant insights into data than ever before.

SAP ERP

One factor that makes this service stand out from other options is its large scope of operations. It has been deployed across industries worldwide, making it an ideal solution no matter what type of operation you run. As a bonus, SAP’s system is already tailored to meet customers’ specific needs to be adapted quickly and easily without the need for time-consuming customization.

The cloud ERP applications from SAP are designed with your needs in mind. Whether you want to customize processes or use the public or private sector offerings for flexibility purposes, SAP will be able to accommodate all of these requirements and more.

SAP ERP

Pros:

  • End-to-end process automation
  • Multiple language and currency options
  • Easy to generate statistical highlights
  • Integrated cloud applications

Cons:

  • Complex UI
  • Costly subscription

Software Our score Pricing
SAP ERP ⭐⭐⭐⭐⭐ Starts at $56 per user/month

2. Oracle NetSuite – Best ERP System for financial and supply chain management

NetSuite is a cloud-based service where clients can buy separate modules as needed. This is good news for those who want to upgrade or downgrade their packages as business needs change. Plus, there are no setup fees; you pay only for what you use as you go and then stop using the services whenever you want to.

You can manage your accounting, order processing, inventory and warehousing, manufacturing, marketing and customer service all from one convenient place. NetSuite is highly customizable, so you can design a solution that works perfectly for your business.
Netsuite
The user interface of NetSuite is more streamlined than some other ERP options. Everything on the screen is visible at once instead of being split across multiple windows like other software packages. This makes it easier to use during those first few days before employees have memorized their way around the system.

Best of all? You can access NetSuite from any computer or mobile device anywhere in the world. Unlike traditional systems, which require employees to be on-site to make changes, NetSuite can be updated remotely – whether you’re at home or halfway around the globe. This saves employees valuable time and makes your business more efficient.

Netsuite
Pros:

  • No setup fees
  • Cloud hosted
  • Extremely customizable
  • Offers remote function

Cons:

  • Complex reporting and management
  • Above average price/li>

Software Our score Pricing
NetSuite ⭐⭐⭐⭐ $499.00 /month

3. Workday – Perfect system for your human capital management needs

Workday is another ERP service that isn’t an actual piece of software. Instead, it’s a cloud-based platform where you can purchase different modules. The core Workday package includes accounting, payroll, and human resources. You can add to this by getting additional modules for project management, customer support, reporting, or security which you can subscribe to on an ongoing basis.

The user interface of Workday is well-designed and easy to navigate, even for newcomers. This makes it easier than ever for employees who are just starting with your business to be productive right away instead of having to figure out the system over time.

workday

Workday’s HR software helps businesses and their employees be more productive by providing an overview of your company’s performance. From this, the human resources team can make critical decisions that will affect how well both are doing overall in terms of resource management, setting you up for success now and into the future.

Key Performance Indicators
Today, employee and company performance tracking is usually done using key performance indicators (KPIs). Almost every ERP platform tracks KPIs because of their pivotal nature in determining company success. KPIs include metrics like customer acquisition cost (CAC), revenue per employee (RPE), and more!

Workday offers a unique blend of benefits for both employees and employers. Employees can expect training modules to help them grow within a company, rather than simply staying in the same position over time. Employers, meanwhile, get perks including “hire-to-retire” technology that helps attract and retain the best people possible while also making sure that everyone is onboarded quickly and ready to go from day one.

Pros

  • Systematic schedule and time card management
  • Easy and simple UI
  • Available in different languages
  • Ability to centralize all HR data in one place

Cons

  • Migration issues due to incompatibility to some software
  • Not suitable for small organizations
Software Our score Pricing
Workday ⭐⭐⭐⭐ Visit Workday for pricing

4. Kinetic (Epicor) – Best ERP for manufacturers

Kinetic, formerly known as Epicor, is a SaaS ERP solution for small to mid-sized manufacturers. The software is a streamlined and straightforward interface that makes it easy for employees at any level of experience to find the tools they need right away without reading up on complicated manuals first. It’s so friendly, even the greenest employees can learn quickly.

With Kinetic, you can choose to deploy the solution in a cloud or on-premises. As an all-encompassing manufacturing management system, it is uniquely positioned to manage various industries’ requirements with one platform.

Kinetic

Kinetic allows you to integrate social-network-style communication between employees so that everyone is always aware of what’s happening in the business. It also makes it easy to communicate with your global team using the same platform, regardless of whether the communication is happening domestically, regionally or internationally.

This platform also gives B2B buyers a business-to-customer experience using its community module. It helps you to improve your relationship with customers and prospects by easily managing contacts, leads, and customers from any device.

Kinetic

Pros:

  • Centralized CRM
  • Flexible deployment options
  • Real-time production monitoring
  • With work-order-less ​“Kanban” control

Cons:

  • Limited AI capabilities
  • Limited user and roles management
Software Our score Pricing
Kinetic ⭐⭐⭐⭐ Visit Kinetic for pricing

5. Acumatica – Best cloud ERP for businesses that need scalability

Acumatica is a cloud-based ERP solution that offers all the features and functions your business will need to succeed without requiring any costly onsite servers. It works with existing information systems to support departments’ transactions, operations, and reporting.

This system also comes equipped with a valuable set of tools. Managers can use these at different levels in the organization depending on their job responsibilities, so they have access only to what is needed for their work.

Additionally, Acumatica can integrate seamlessly with other software programs you use – so there’s no need to write lengthy custom code or retrain your employees to switch over.

Acumatica

When it comes to managing your company’s modern, integrated business operations, Acumatica has you covered. From financials and distribution through manufacturing, retail e-commerce, project accounting, and field services CRM, they cater to all business aspects.
With Acumatica ERP, you’ll get all the benefits of an online system with none of the hassle or downtime. This can save your company time and money by reducing the workload of maintaining essential financial records in person.
Acumatica

Pros

  • Real-time operation visibility
  • Easy data migration
  • Excellent reporting capabilities
  • World-class cloud-based support

Cons

  • Complex pricing
  • Complicated software implementation

Software Our score Pricing
Acumatica ERP ⭐⭐⭐⭐ Contact Acumatica for pricing

6. SYSPRO – Designed for manufacturing and distribution industries

SYSPRO is designed for manufacturing and distribution enterprises, helping them scale and accommodate their growing businesses. Its solution is particularly efficient at streamlining processes, which assists you in getting orders out the door and into your customer’s hands. That way, you can focus on your core business and leave the administrative hassle to SYSPRO.

This system works with multiple inventory types, allowing you to keep track of raw materials, goods in process, finished goods, work-in-progress, or spare parts, all from one interface. You can also check on product availability before placing an order, ensuring nothing will be left behind.

SYSPRO

SYSPRO uses specially designed metrics based on industry best practices to help monitor performance among departments throughout your company, giving managers a complete view of what makes their teams thrive.

SYSPRO’s flexible manufacturing solutions are designed to meet your needs no matter what process you use. Its custom models for each type of environment can provide the right solution at a competitive price point.

SYSPRO

Pros

  • Easy to navigate menus
  • Customizable reports
  • Logical workflow
  • Outstanding CRM search and custom views

Cons

  • Limited reporting capability
  • Laggy web-based model

Software Our score Pricing
SYSPRO ⭐⭐⭐⭐ Contact SYSPRO for pricing

7. Sage X3 – Best ERP system for mid-sized businesses

Sage X3 is an integrated business management software suite that has been thoroughly tested on a wide range of businesses and optimized to ensure success. It lets you control your cash flow, finance, and accounting operations while streamlining production and boosting sales.

Sage X3

This ERP solution comes packed with features that improve decision-making capabilities, industry-specific functionality, mobile banking capabilities, and inventory management, among other things.

Sage X3 is a mid-sized company’s dream come true. It has all the functionality of ERP without being too expensive or complicated to implement, making it perfect for companies with smaller needs in mind – particularly manufacturers and distributors that want big business functions without paying an exorbitant price tag.

Sage X3 offers everything from sales and marketing plans right down through inventory management, giving you complete control over your entire supply chain process.

Sage X3

Pros

  • Cloud-based
  • Customizable process
  • Intercompany transaction capability
  • Reasonable pricing

Cons

  • Complicated interface design
  • Basic stock status reports

Software Our score Pricing
Sage X3 ⭐⭐⭐⭐ Visit Sage X3 for pricing

8. Microsoft Dynamic GP- Perfectly suited for small business

As the world’s preferred small business management solution, Microsoft Dynamics GP offers organizations around the globe a scalable yet flexible platform that ensures they are prepared for change. The system allows businesses to pick what they want out of their ERP software while leaving room for future growth.

Once deployed, everyone involved with operations will have one centralized resource that gives them access to everything from inventory levels to customer orders. This central access to crucial information makes running the company faster and more efficient.

Microsoft Dynamics GP

Microsoft Dynamics GP is a comprehensive system for managing all aspects of your business. It has applications in financial management, human resource management, manufacturing planning, supply chain management, etc., with hundreds available from ISVs or individually.

Dynamics GP is a powerful and intuitive system that leverages Microsoft’s Windows/NET frameworks. The on-site deployment can be opted for, or it’s possible to host this software with monthly fees provided by the company in exchange for benefits such as online training and support.

Microsoft Dynamics GP

Pros

  • Easy to migrate data from other sources
  • Great accounting functionality
  • Excellent account capacity and reporting tool
  • Very accessible timesheet management

Cons

  • Limited back-end setup
  • No cloud-based option

Software Our score Pricing
Microsoft Dynamics GP ⭐⭐⭐⭐ $100/user per month for Premium

9. Infor ERP Suite – Best ERP for the modern industry

Infor offers a traditional ERP software system – but with an innovative twist. Instead of forcing businesses to use everything once or nothing at all, Infor lets you pick out specific solutions for your business needs today while also leaving room to add other functionality down the road when you need it.

Infor ERP includes a built-in artificial intelligence (AI) platform for business intelligence. The Infor Coleman product integrates with cloud suites to provide robotic process automation (RPA), which refers to automated tasks alongside human employees rather than replacing them in their roles. This means improved efficiency as well increased productivity. Additionally, there are digital assistant voice capabilities through natural language processing (NLP).

Infor ERP
With Infor cloud ERP solutions, companies can experience the benefits of industry-specific functionality without extensive customizations or integrations. The company’s sensitive business applications are automatically upgraded to take advantage of modern advancements and growth opportunities with little effort on your behalf.

This system also has a clean, simple interface that’s easy to navigate, even for those who aren’t tech-savvy. Plus, it can be accessed via any computer or mobile device, making working remotely just as easy as being in the office.

Infor ERP

Pros

  • Offers industry specific versions (M3, LN, etc.)
  • Uses AI technology
  • User-friendly
  • Best in class integrations

Cons

  • Slow web version
  • Complicated business process management

Software Our score Pricing
Infor ERP ⭐⭐⭐⭐ Price depends on the version. Visit Infor ERP for pricing.

10. ERPNext – The best open-source ERP software

The ERPNext open-source enterprise resource system is an excellent option for those who need an easy and interactive solution. It’s simpler to maintain, which means you can customize your experience with it more than most other systems on the market will allow.

Unlike traditional commercial off-the-shelf software, ERPNext is an open-source technology, meaning that they provide the code to people who implement this system. You can modify how things work without having deep technical expertise or knowledge about enterprise resource planning systems in general.

ERPNextERPNext has several unique features that set it apart from other platforms. For example, some organizations require the ability to handle complicated data processing. ERP systems cannot always do this efficiently; however, with its proprietary artificial intelligence (AI) algorithm technology, ERPNext can provide an expanded feature set without compromising performance or flexibility. This means you can get all your business-critical tasks done more quickly.

The company’s latest update allows organizations like defense contractors, who need complex processes for managing projects on an international scale (that may involve collaborations across different nationalities), to find relief using this toolkit. It is designed specifically to help such businesses thrive today.

ERPNext

Pros

  • Ease of use
  • Extremely customizable
  • Excellent mobile device support
  • APIs are available to use

Cons

  • Basic out-of-the-box features
  • Limited accounting and reporting system

Software Our score Pricing
ERPNext ⭐⭐⭐⭐ $50/user per month

Which Type of ERP Software is Right For You?

Today, there’s an app to serve every business purpose. Not just one, but hundreds of software platforms exist for each company goal or need, and ERP software is no exception (as seen through the many options we just explored).

So, how do you choose the right ERP software for your business?

There are a few handy factors you should consider when making your decision. Look for the following characteristics, as these will be indicative of a good match for your business:

  • An ERP solution that is scalable to fit the size of your company now and in the future. The scalability of your ERP software is essential, as your company will grow and change over time. You need an ERP that can grow with you.NetSuite and Infor are both scalable options in our list, but you’ll find that most ERP software is scalable to some degree.
  • A good fit with your company’s business processes. The best ERP software solutions are those that have been designed to work with the way your company does business, rather than forcing you to change the way you do things.This is one of the advantages of custom-built ERP software – it can be tailored to fit your specific needs. However, this is not always possible or affordable, so you’ll need to do your research to find an ERP that is a good fit with your business processes.
  • A user-friendly interface. Your employees will be using the ERP software on a daily basis, so it’s important that the interface is user-friendly and easy to learn. Our reviews found that most ERP software solutions have user-friendly interfaces, but some are easier to use than others. Look for an ERP that has a simple and intuitive interface.
  • A comprehensive feature set. The best ERP software solutions offer a wide range of features to meet the needs of your business. Not all ERPs offer the same features, which is why it’s essential to compare them before making your decision. The features you require will depend on the size and type of your business, so make sure you consider all of your needs when looking for an ERP solution.

What Is Enterprise Resource Planning (ERP)?

In the 1960s, the manufacturing industry was booming, but businesses needed a way to manage the resources and data across different departments. Individual business owners created MRP systems according to the specific setup of their manufacturing business to deal with this issue.

ERP software is the evolution of MRP systems designed to manage resources and data across an entire organization. It can handle everything from accounting and inventory management to human resources and customer relations. ERP software integrates all these functions into a single system, allowing businesses to manage their resources more effectively and make better decisions.

ERP’s historical predecessor: MRP
Because of their focus on efficiency and tracking, the first systematic approach to resource planning was actually invented in a factory in the 1960s. This approach was termed Materials Requirements Planning (MRP) and concerned itself primarily with tracking the quantities and availabilities of raw goods that were to be turned into valuable products. Today, most ERP systems track everything MRP used to, as well as non-manufacturing related quantities (like the KPIs we mentioned earlier).

What are the parts of Enterprise Resource Planning ERP?

ERP software generally includes the following key features:

  • Accounting and financial management: Includes features such as general ledger, accounts payable, accounts receivable, fixed assets, and cash flow.
  • Inventory management: Tracks inventory levels and movements, allows you to set minimum and maximum stock levels, and generates purchase orders.
  • Sales and order management: Tracks customer information and orders, generates invoices and shipping notices, and allows you to manage returns and credits.
  • Human resources management: Tracks employee information and payroll, manages benefits and leaves, and automates HR processes.
  • Manufacturing management: Tracks production schedules, material requirements, work orders, and inventory levels.
  • Customer relations management (CRM): Tracks customer information and interactions, manages leads and opportunities, and creates customer profiles.

ERP software work by integrating all the company departments into one system and presenting them with a clear view of the entire organization. This allows for better decision-making and more efficient and coordinated operations.

The Benefits of Enterprise Resource Planning Software

Running a business, whether large-scale or small, is not an easy task. There are so many moving parts and pieces that need to be managed in order for the company to be successful. This is why business owners need to have enterprise resource planning (ERP) software.

There are several key benefits to using ERP software:

1. Increased efficiency and productivity. When all of the company’s data is organized and accessible, employees can work more efficiently. This can lead to increased productivity and reduced wasted time and resources.
2. Improved decision-making. With all of the company’s data at their fingertips, business owners can make better decisions about where to allocate their resources and how to grow the business.
3. Enhanced customer service. Businesses can provide better customer service and improve satisfaction rates by having access to customer information.
4. Improved financial reporting. ERP software can help businesses track their expenses and revenue and create detailed financial reports.
5. Increased competitiveness. By using ERP software, businesses can stay ahead of the competition by efficiently managing their resources and making better decisions.

ERP Software For Different Industries

Where once ERP was used for larger-scale companies only, like manufacturing and distribution, ERP software is now becoming more commonplace in small- to medium-sized businesses (SMBs). As technology advances and business needs change, so too must ERP software.

Nowadays, there are a variety of ERP software packages on the market that are customizable for different industries, such as retail, healthcare, construction, and more. So, how do you know which ERP software is best for your specific business needs?

Here’s a look at some of the most popular ERP software options and what they’re best suited for:

Microsoft Dynamics 365
Best for: SMBs in a wide range of industries, including retail, healthcare, construction, and more.

Oracle NetSuite
Best for: Companies in the retail, wholesale, and distribution industries.

SAP ERP
Best for: Larger companies in a wide range of industries, including manufacturing, distribution, and more.

Infor ERP
Best for: Companies in the automotive, aerospace, and defense industries.
If you’re looking for the best ERP software for your specific business needs, it’s important to do your research and find the system that fits you best.

When it Makes Sense to Invest in ERP

Despite the immense benefits of using ERP software, not all businesses require it. Most businesses can last 6-7 years just using their systems. So, when does it make sense for a company to invest in ERP software?

The answer largely depends on the size and complexity of the company, but generally, ERP software should be considered whenever a business experiences any of the following:

1. Growth – As a business grows, it will outgrow the capabilities of its current systems. This can lead to data fragmentation, process inefficiencies, and other problems that can be solved with ERP software.
2. Mergers and Acquisitions – The merging of two businesses often leads to the need for an ERP system to combine and consolidate data from both organizations.
3. Expansion into New Markets – When a business expands into new markets, it will often need to adopt new processes and systems to succeed in those markets. ERP software can help make this transition smoother.
4. Regulatory Compliance – Businesses may need to adopt ERP software to comply with new regulations.
5. New Technology – When a business adopts new technology, such as the cloud or mobile devices, it may need to adopt ERP software to take advantage of that technology.

Considerations When Purchasing Enterprise Resource Planning Software

Let’s take a look at some of the main points that businesses should review before purchasing ERP software:

1. The current state of the business –It’s essential to consider where your company is currently at before making any decisions. You may need software to help automate specific processes or something to help keep track of everything.
2. The budget – It’s no secret that ERP software can be expensive, so businesses need to consider their spending limits before deciding. However, several affordable options are available, so don’t shy away from looking just because the price seems high.
3. The team – Who will be using the software? It’s essential to find software that is easy to use and doesn’t require extensive training.
4. Compatibility – Not all software works with all systems, so you need to find something compatible with your current infrastructure.
5. The long-term goal – What do you hope to achieve with ERP software? Is there a certain process you’d like to automate, or are you just looking for a way to keep track of everything? Have a plan in mind before making any decisions.

Mobile ERP: What Are They?

ERP software provides a comprehensive view of an organization’s operations, but what if you need to access that information on the go? A mobile ERP solution gives you the power to manage your business anywhere, anytime.

Mobile ERP is designed for users who need to access their data and perform transactions away from their desks. It can be used on a smartphone or tablet, making it perfect for business owners who are always on the go.

Some great ERP solutions that offer mobile access include Sage 50cloud, Infor ION, and Microsoft Dynamics 365, but many others are available.

Current ERP Trends to Watch

When looking for the best ERP software, it’s important to consider the current trends in this field. Let’s look at some of the most popular trends in ERP today.

  • 50% of companies are looking to implement ERP in the next few years. There’s no doubt that these systems are becoming increasingly popular – and for a good reason.
  • In 2020, cloud-based subscriptions accounted for $170B in revenue, indicating that more and more businesses are moving to cloud-based solutions in their business. This is reinforced by data showing that over half of organizations use cloud-based ERP instead of on-site or SaaS.
  • It is predicted that AI will be integrated into ERP systems by 2022. This comes as no great surprise, considering that AI has begun to disrupt every major industry with incredible results.
  • There is a rapid move toward ERP systems that offer customization or personalization. Businesses want software solutions that enable them to tailor their ERP to the specifics of their business.

Conclusion: What is the Best ERP Software for 2022?

The bottom line is that finding the best ERP for your business may take some time and effort, but it is well worth your while. This is because every ERP is different and offers specific features for various uses.

Our pick for the all-around best ERP software is SAP ERP for its use of intelligent design and machine learning. It covers all the bases, and what’s more, it allows businesses to completely customize their ERP experience with tailored solutions to suit their needs.

FAQs

What Is Enterprise Resource Planning (ERP)?

What can I expect from using an ERP system?

What are the differences between ERP and MRP?

What are the key features of ERP?

What are the benefits of using an ERP system?

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Which ERP is best for my business?

What are the different types of ERP software?

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