It is a combination of systems that help with methodology across different parts of a business, to make the gathering and processing of information easier and it also offers control over the financial aspects of them.
All of the tools mentioned in this article help companies plan, account, and run key business functions under one roof and often from a centralised system.
The features that Acumatica includes are varied. Ranging from financial management to sales forecasting and from bank reconciliation to accounting integration, it is a fully-functional ERP tool.
It is mostly useful to startups and developing companies since its role is mostly focused on tasks like supply chain management and enterprise asset management.
Pricing-wise, it is highly customisable depending on one’s needs.
Accounting, inventory management, subscription billing and revenue recognition are all part of Sage Intacct’s portfolio.
As a cloud ERP tool, it offers real-time financial and management visibility, helping the business to reduce the time spent on each task and augment automation. Usually, its pricing starts at around $15,000 a year.
SYSPRO is one of the most comprehensive ERP tools on the market, especially for manufacturing and distribution businesses.
Its areas of expertise include data management and analysis, manufacturing operations management (MOM), supply chain management, automatic reordering, payroll management and even distribution and procurement management.
The pricing of SYSPRO starts at $199 per user per month and goes up depending on the needed features.
Oracle ERP Cloud
Oracle ERP Cloud is a dynamic tool which could be useful to both startups and established businesses.
It has different pricing plans, depending on one’s needs. In general, the main features it provides are financial management, project management, supply chain management, procurement management and order management.
Thanks to Tally Prime, all of a business’s finances can be controlled from one central platform. It offers a detailed costs report, an overall look at finances, pending work and profitability.
In addition, the ERP Tally Prime also offers banking support and instant data sharing and reporting. Its pricing is slightly lower than the others, starting at $630 a year.
Startups, established businesses or growing companies can all take advantage of SAP ERP. It spreads over 25 different industries, including manufacturing, sales, finance and human resources.
In terms of features, it can help with journal entries, reporting, data security and custom invoicing.
Strategy is the keyword when talking about Epicor ERP. Indeed, it can aid a business in coming up with plans to reduce costs, streamline processes and even improve customer interaction.
HR, payroll, manufacturing and supply chain are just some of the many fields this ERP focuses on.
From manufacturing to services, from education to retail, and from agriculture to distribution, ERPNext is an open-source option for any kind of business.
Contrary to the other tools, ERPNext is a free option.
NetSuite ERP revolves around management solutions, and it does so by automating the main processes of all departments while still providing live visibility of every operation and its performance.
It mainly provides accounting services, asset management, barcode integration, budgeting, customer management, email integration and event management.
As outlined by its brochure, ORION is a dynamic ERP. It gives the business the change to include the whole team in the overlooking of the functions and processes that keep the company moving.
Among its main features, sales management, contracting management and finance management are the main ones.