Enterprise Resource Planning (ERP) software is a key component of many companies’ IT infrastructure. It consists of a suite of applications that integrate multiple functional business areas from marketing, finance, operations, manufacturing, inventory, and sales, to name but a few.
ERP has become the key business enabler as it provides a companywide view of processes, revenue, expenditures, customers, and profitability, allowing these companies to gain competitive insights so that they can act proactively in a variety of ways for further developing their organization.
We at ITQlick understand that SMBs with further growth plans need an enterprise solution that consolidates their operations and optimizes their revenues. When looking for the best ERP solutions that are best suited for small and medium businesses, we have considered a number of key factors such as the financial outlay for the software, amount of covered functional areas, ease of integration, technology investments, and adaptability to competitive business requirements. On this basis, we have reviewed many ERP solutions and some of our best recommendations include the following.
SysPro ERP covers the functional areas of distribution, inventory, finance, and manufacturing and retail management. It includes business intelligence tools and data analytics and incorporates standards for governance, risk management, and compliance. SysPro ERP’s modular architecture allows companies to choose only the modules they require, which is cost-effective for SMBs.
It is available both as an on-premise and cloud-based solution and also offers users access from a variety of mobile devices. SysPro ERP is best suited for manufacturing and distribution SMBs that require integrating their operations under one platform.
2. Sage ERP
Sage ERP is a scalable solution for any size of business that includes finance, sales management, purchasing, supplier management, inventory management, as well as business intelligence and data analytics tools. Sage is offered in three editions based on business requirements, with Sage 100 addressing SMBs that require financials and operations management, Sage 300 which focuses purely on financial management, and Sage 500 that covers manufacturing and distribution requirements.
While these solutions are offered primarily as a premise model, the Sage 300 Online product also offers the ERP system for SMBs in a cloud-based subscription service. In summary, Sage is well suited for an SMB looking for flexible options for utilizing ERP in its operations.
3. Microsoft Dynamics GP
This Microsoft ERP solution is designed for SMBs and is part of the scalable Microsoft Dynamics family that also offers customers a growth path to their larger enterprise products. Its features include financial management, manufacturing, supply chain management, human resources and risk management, service and project management, as well as business intelligence with dashboards and analytics.
Microsoft Dynamics GP offers both on-premise and cloud-based deployment and provides a number of customization tools to meet specific business requirements. Additionally, this software is backed up by Microsoft’s partner group which gives SMBs comprehensive support for implementation, industry expertise, and additional solutions that enhance the value of this solution for its customers.
4. SAP Business One
Business One is SAP’s ERP solution for SMBs that is available both as an on-premise and cloud-based solution, including a free trial option, and mobile access. Business One features include financials, warehouse, and production management, CRM, and purchasing. One of this solution’s advantages is its reinforcement with SAP’s in-memory technology that offers complex data analytics that is easy to define and produces quick results.
Additionally, Business One is built on the SAP HANA platform for increased performance and management. As part of the SAP portfolio of solutions, this software is scalable for SMBs and offers a clear growth path to its enterprise products as and when their business grows.
5. NetSuite ERP
NetSuite ERP is rated as one of the leading cloud-based ERP solutions on the market. Its features include financial management and planning, supply chain and inventory management, procurement, order and billing management, shipping and fulfillment, and human capital management. NetSuite ERP is mobile device access ready and is scalable for any size of business, offering SMBs a clear growth path for their operations.
In addition, NetSuite also includes a strong compliance module for meeting financial, tax, and government regulations, and offers business analytic tools. In terms of versatility, NetSuite ERP offers SMB integration options to other portfolio solutions including CRM, eCommerce, and Service Automation if needed. In summary, NetSuite ERP is a flexible solution that is best fitted for SMBs looking for a cloud-based ERP system with the option of expanding this suite to other business activities.