In a globalized business world, where competition is fierce, successful management of internal operations and costs is important to keep a company profitable and on a sustainable growth path while remaining responsive to change. This is why most major companies today look at Enterprise Resource Planning (ERP) software as a key enabler to their business strategy. ERP software automates most of the key functional areas in the organization, streamlining operations, and providing strategic overview of all major processes.
We at ITQlick realize that large businesses are looking for ERP solutions that don’t just deliver automation, but strategic and competitive advantage as well. We understand that large businesses that are interested in maintaining their market share, identifying new market trends, and keeping competition at bay, they need a comprehensive yet flexible solution that adapts to their changing business requirements.
This is why in recommending solutions we have considered factors such as relevant functionality available, deployment and integration options, pricing and investment requirements, scalability and adaptability. After reviewing numerous ERP systems, we have identified some of the best solutions as follows.
1. Microsoft Dynamics AX
Microsoft Dynamics AX includes financials, operations and human resources, as well as a number of vertical industry solutions. It supports integration options to SAP for enhancing operations by complementing the ERP solution with SAP. Microsoft Dynamics AX is offered as an on-premise as well as cloud-based solution with a variety of mobile apps that are accessible on mobile devices.
There are also options for demand forecasting, eProcurement, and warehouse and transport management. This is a feature rich product which can help large businesses unify their operations under one platform, or integrate to existing systems, thus optimizing their software infrastructure and business operations.
SAP is the leading ERP solution in the market and a natural fit for many large enterprises. It supports multiple languages, global implementations and standards, and is available both as an on-premise and cloud-based solution. SAP is built around key functional processes that include procure to pay, plan to product, order to cash, and request to service, along with the core financial and human resource modules.
This solution is built on SAP’s HANA platform for better performance and response, is customizable, and offers mobile device access with a variety of user defined mobile apps. SAP also includes industry best practices as standard for many of its industry vertical solutions, which are beneficial to large businesses that are looking at a quick return on investment and rapid deployment.
3. Infor ERP
Infor ERP is a leading ERP solution that offers a suite of solutions focusing on specific industry verticals. These include Infor LN for global manufacturing, Infor M3 for consumer goods and process manufacturing, Infor SyteLine for discrete manufacturing, Infor SX.e for wholesale distribution, and finally Infor Lawson for service industries.
While including all the major core ERP functionality, it also provides large businesses with business intelligence and analytics tools, collaboration features through its social network platform, and the Infor Mongoose application development platform for customization requirements. Infor ERP is available both as an on-premise and cloud-based solution, and is well suited for large businesses looking for flexible ERP solutions designed for their industry sector requirements.
4. Epicor ERP
Epicor ERP is a comprehensive ERP solution addressing financial management, CRM, supply chain management, production management, sales management, human capital management, service and project management, and planning and scheduling.
It supports enterprise performance management and includes governance, risk management and compliance to standards. Epicor ERP deployment options include on-premise, hosted, and cloud-based, and it is mobile device access ready. There are also a number of industry vertical solutions available and it supports global implementations for large businesses as well.
Epicor ERP is a comprehensive solution that offers versatile implementation, suited for large businesses looking for an ERP suite which covers major business processes.
5. NetSuite ERP
NetSuite ERP offers financial management and planning, order and billing management, human capital management, supply chain and inventory management, procurement, and shipping and fulfillment. There are additional options available for large businesses which can be integrated from the Netsuite product suite as per requirements, such as CRM, Ecommerce and Service Automation.
Additional functionality include business intelligence and a governance and compliance module. NetSuite ERP is available as a cloud-based solution and is mobile device access ready. This solution is a strong contender to be considered by large businesses focusing on cloud based solutions.