13 Best ERP Software Systems in 2023 (Ranked & Compared)

As businesses evolve and modernize, more efficient ways to manage day-to-day operations are necessary. With this in mind, Enterprise Resource Planning (ERP) software can be a great way to help organizations gain greater insight into their processes and operations. But with so many options available in the current ERP software market, what should you look out for when choosing your ideal ERP Software? To help you make this decision more accessible, we have put together an ultimate guide to the 11 Best ERP Software.

What is ERP software?

ERP software is a tool used by organizations to manage and automate their daily operations. By integrating all components of the business processes, ERP solutions can help streamline operations and improve the efficiency of data flow. This is done by combining financial, HR, inventory, and other applications into one platform.

How ERP Software Works?

ERP software collects data from across the organization and combines it into one centralized system. This information can then be utilized to optimize business processes, allowing for better decision-making and business management solution. By using this software, organizations can gain an in-depth understanding of their operations and how they can be improved. Additionally, ERP software can help companies become more aware of their supply chain and customer data to make better decisions about the future of the business.

11 Best ERP Software Of 2023:

1. SAP S/4HANA Cloud:

SAP S/4HANA Cloud is an enterprise resource planning solution that provides businesses with real-time insights into their operations. By leveraging the cloud’s and AI technology’s power, SAP S/4HANA Cloud helps organizations streamline their processes, reduce costs, and improve performance.

Features of SAP S/4HANA Cloud:

•  Automated financial management
•  Supply chain and inventory optimization
•  Integrated analytics and reporting
•  Real-time business insights
•  Robust security
•  Cloud deployment
•  Simplified user experience
•  Dynamic real-time monitoring
•  Automated compliance management
•  AI-powered data visualization.

Verdict:

• SAP S/4HANA Cloud is an intuitive and powerful enterprise resource planning solution for businesses of any size. Its comprehensive features, AI-powered data insights, and cloud deployment capabilities make it an ideal choice for organizations seeking valuable real-time business insights.

Pricing:

• SAP S/4HANA Cloud offers a subscription-based pricing model. Plans start at $580 per month for up to 10 users.

Visit SAP S/4HANA Cloud >>

2. Oracle NetSuite:

Oracle NetSuite is an ERP software solution providing a comprehensive suite of business applications for managing core business processes such as accounting, supply chain, customer relationship management (CRM), e-commerce, and more.

Features of Oracle NetSuite:

•  Multi-Currency and Language Support
•  SuiteCommerce Advanced
•  Multi-Subsidiary Support
•  Human Capital Management (HCM)
•  Advanced Financials and Accounting
•  Real-Time Business Intelligence
•  Mobile Applications
•  Automated Workflows and Approvals
•  Advanced Reporting Tools
•  Robust Security and Access Control

Verdict: 

• Oracle NetSuite is a powerful, cloud-based ERP system that offers scalability, configurability, and flexibility to businesses of all sizes. It provides a comprehensive suite of business applications to help manage core business processes.

Pricing:

• Oracle NetSuite offers a subscription-based pricing model. Plans start at $999 per month for up to 10 users.

Visit Oracle NetSuite >>

3. Sage 300:

Sage 300 is a comprehensive ERP software solution designed to help you manage your entire finance and accounting operations in one place. It offers invoicing, accounts payable and receivable, payroll, inventory management, and more features.

Features of Sage 300:

•  Automated financials and reporting
•  Advanced budgeting, forecasting, and analysis
•  Integrated workflow approvals
•  Order-to-cash (OTC) and inventory management
•  Real-time visibility into cash flow
•  Automated billing and invoice processing
•  Comprehensive tax compliance support

Verdict: 

• Sage 300 is a comprehensive ERP software solution that offers a wide range of features to manage your entire finance and accounting operations. Its advanced budgeting, forecasting, analysis, and automated financial features can help businesses of all sizes improve their performance and increase efficiency.

Pricing:

• Sage 300 offers a subscription-based pricing model with plans starting at $899 monthly for up to 5 users.

Visit Sage 300 >>

4. Microsoft Dynamics 365:

Microsoft Dynamics 365 is a comprehensive ERP solution designed to help organizations manage their financials, operations, sales, customer service, and more in one place. It offers customer relationship management (CRM), business intelligence, analytics, and more features.

Features of Microsoft Dynamics 365:

•  AI-driven insights
•  Advanced financials and analytics
•  Global currency support
•  E-commerce integration
•  Automated workflows
•  Advanced reporting and analytics
•  Multi-language Support
•  Robust security and access control

Verdict:

• Microsoft Dynamics 365 is a robust and comprehensive ERP solution that enables organizations to manage better their operations, sales, customer service, and more. It offers a range of features that can help businesses stay ahead of the competition. It is one of the most popular ERP solutions on the market today.

Pricing:

• Microsoft Dynamics 365 has customizable pricing based on the type of subscription and number of users.

Visit Microsoft Dynamics 365 >>

5. Oracle ERP Cloud:

Oracle ERP Cloud is an enterprise resource planning (ERP) solution that integrates financials, project management, supply chain and operations, procurement, and more to streamline processes and help organizations become more agile.

Features of Oracle ERP Cloud:

• Streamlined Accounting
• Automated accounting processes
• Real-time financial reporting
• Multi-currency Support
• Advanced analytics and forecasting
• Project Management
• Accurate project costing, scheduling, and tracking
• Resource management and real-time analytics
• Business Process Improvement
• Automation of processes across all business functions
• Integrated risk management and compliance
• Supply Chain & Operations Optimization

Verdict: 

• Oracle ERP Cloud is built on a secure, cloud-native technology platform that provides superior scalability and reliability. It also offers advanced analytics tools, automated processes, and improved visibility into business activities.

Pricing:

• Oracle ERP Cloud offers a variety of packages and services to meet the needs of different companies. Contact Oracle for pricing information.

Visit Oracle ERP Cloud >>

6. Odoo:

Odoo is an open-source ERP software suite designed to help small and medium businesses manage their operations. It offers a comprehensive range of features and tools, from accounting to inventory management. With its easy-to-use interface and customizable modules, Odoo is an excellent choice for businesses of any size.

Features of Odoo:

• Accounts & Financial Management
• Automated invoicing and billing
• Advanced forecasting
• CRM
• eCommerce
• Business intelligence
• Human resource management
• Inventory management
• Project management
• Manufacturing

Verdict: 

• Overall, Odoo is an excellent solution for businesses of any size. It offers extensive features and tools that can help companies to manage their operations more efficiently. This allows businesses to customize the software to meet their exact needs.

Pricing:

• Odoo offers a free trial and a variety of plans, ranging from $20/per month to $70/per month.

Visit Odoo >>

7. SAP Business One:

SAP Business One is an enterprise resource planning (ERP) solution for small and midsize businesses. The software streamlines business processes automate financials and provides integrated applications to manage all aspects of your business.

Features of SAP Business One:

• Financial and Accounting Management
• Sales and Customer Relationship Management (CRM)
• Inventory Management
• and Supply Chain
• Project Management and Tracking
• Analytics and Reporting
• Human Resource Management (HRM)
• Multi-language Support
• Mobile access
• Integration with third-party apps and services

Verdict: 

• SAP Business One is suitable for companies of all sizes. It provides a comprehensive suite of features and functionalities that allow businesses to streamline processes, automate operations, increase efficiency, and make better decisions.

Pricing:

• SAP Business One is available in a variety of packages and pricing plans. Contact SAP for more information.

Visit SAP Business One >>

8. Infor:

Infor is a cloud-based enterprise resource planning (ERP) solution to help midsize and large businesses manage their financials, supply chain, human capital, and other critical operations. It provides comprehensive tools for managing your entire business from end to end with complete visibility.

Features of Infor:

• Accounting and Financial Management
• Order Management
• Supply Chain and Manufacturing
• Human Capital Management (HCM)
• Project Management
• Business Intelligence and Reporting
• Analytics and Predictive Insights
• Warehouse Management
• Product Lifecycle Management

Verdict:

• Infor is an ideal ERP solution for midsize and large businesses that need a comprehensive, cloud-based system to manage their operations. It provides a full suite of tools for managing financials, supply chains, human capital management, and more.

Pricing:

• Infor provides a variety of packages and pricing plans. Contact Infor for more information.

Visit Infor >>

9. Sag Intacct:

This cloud-based financial management software provides real-time visibility into every aspect of your business, automates workflows, and lets you quickly gather insights to make better decisions. Sage Intacct integrates with other ERP systems and offers financial management tools like budgeting, accounts, etc.

Features of Sag Intacct:

• Accounts Receivable and Payable
• Cash Management
• Budgeting and Forecasting
• Multi-Company Consolidations
• Multi-Currency Processing
• Project and Job Costing
• Procurement and Inventory Management
• Analytics and Business Intelligence
• Integration with Third-Party Apps

Verdict: 

• Sage Intacct is an excellent choice for businesses that need an easy-to-use, cloud-based financial management system. It is explicitly designed to help companies to streamline processes, automate workflows, and gain insights into their financial performance.

Pricing:

• Sage Intacct offers a range of packages and pricing plans; contact them for more information.

Visit Sag Intacct >>

10. Acumatica:

Features of Acumatica:

• Financial Management
• Supply Chain Management
• Project Management
• Customer Relationship Management (CRM)
• Human Resources Management
• Analytics and Reporting
• Integrations with Third Party Applications
• Mobile App Accessibility

Verdict:

• Acumatica is an excellent business option to streamline processes and improve customer service. It offers a wide range of features to make managing your business easier. It integrates with third-party applications, has mobile accessibility, and provides analytics and reporting tools to help you stay on top of your finances.

Pricing:

• Acumatica offers a range of packages and pricing plans. Contact them for more information.

Visit Acumatica >>

11. Syspro:

Syspro is a cloud ERP platform that helps companies manage their inventory, accounting, and customer relations. It is easy to use and provides businesses with real-time analytics, inventory tracking, invoicing, and more. Thousands of companies have used it to streamline their businesses.

Features of Syspro:

• Accounting and Financial Management
• Inventory Management
• Order Processing
• CRM and Customer Service
• Project Management
• Manufacturing and Supply Chain Management
• Pricing and Promotions Management
• Reporting and Analytics
• Mobility Solutions

Verdict:

• Syspro is an excellent platform for businesses looking to streamline their operations. It is easy to use and provides powerful features.

Pricing:

• Syspro offers various pricing plans to suit businesses of all sizes. The primary goal is complimentary, while the premium plans start at $99/month. The Enterprise plan is the most comprehensive and starts at $599/month.

Visit Syspro >>

12. MIE Trak Pro

MIE Trak Pro is an integrated software package best suited for custom manufacturers and fabricators. It offers a comprehensive solution for managing process control, workflow automation, inventory management, employee scheduling, and production tracking.

The user-friendly interface makes it simple to learn and easy to use, while the powerful features allow you to quickly analyze product costings, production history, and job costs with real-time data.

With the ability to customize work orders for each customer or project, MIE Trak Pro helps streamline operations and improve efficiency throughout your organization. In short, MIE Trak Pro is the best solution for efficient business management in the custom manufacturing sphere.

13. Epicor ERP

Epicor ERP software is an enterprise resource planning tool designed to help businesses streamline the various processes involved in their operations. Best suited for small to large businesses, Epicor leverages its intuitive tools and comprehensive functionality that can be integrated with other ERP solutions.

Its powerful 3D design automation capabilities enable companies to quickly produce variations of encapsulated products and collaborate with buyers more efficiently. With this, they are able to address customer demands more quickly and optimize design margins in close cooperation with suppliers.

In a nutshell, Epicor offers an innovative platform that helps businesses improve overall performance and make steady progress.

How to Choose the Right ERP Software for Your Business

Enterprise Resource Planning (ERP) software is essential for businesses to streamline their operations, increase efficiency, and achieve growth. So, here are three key considerations to help you choose the best ERP software for your business.

1. Determine Your Business Needs

Before selecting an ERP software, evaluate your business processes, pain points, and goals. Look for software that meets your needs, offers customization options, and has the scalability to support your growth.

2. Assess the Software’s Capabilities

Consider the software’s features, such as inventory management, financials, and customer relationship management. Look for software that integrates with your current systems and offers real-time data reporting.

3. Evaluate Vendor Support and Pricing

Evaluate the vendor’s support and training resources, as well as their pricing models. Look for vendors that offer ongoing support and training, and transparent pricing models with no hidden fees.

When looking for the best ERP software, it’s essential to consider your specific needs and goals. It would help if you also thought about the features you need and the budget you have available. Consider what type of data and insights you require and any integrations or customizations you may seek. Finally, it would help if you looked at the ease of use, scalability, and customer support offered by potential ERP software providers.

Benefits of using ERP Software:

ERP software can help improve your business processes and provide insights into your business’s performance. Additionally, it can save time and money by streamlining processes and reducing manual tasks. ERP software can also help you make informed decisions based on data insights, allowing for better customer service and improved profitability. Finally, it can help you maintain compliance with industry regulations.

Conclusion:

The right ERP software can help streamline business processes, improve customer service, and provide you with insights into your performance. There are a variety of ERP software solutions available, so it’s essential to research your options carefully and select one that meets your specific needs. Your business can become more efficient and profitable with the right ERP software.

FAQs:

Q: Is ERP software challenging to learn and use?

A: It depends on the software you choose. ERP implementation is designed to be user-friendly and easy to use, while others may require more technical knowledge.

Q: What type of hardware is needed to run ERP software?

A: It depends on the specific software you choose, but most ERP solutions are generally cloud-based and can be accessed from any device with an internet connection.