Best ERP Software 2020: Top Rated ERP Systems Comparison

Review of the top Enterprise Resource Planning (ERP) Software tools. Choose the best ERP System from this list:

An ERP System is an application to efficiently analyze, interpret, and execute the daily core activities of various departments of your business. Using this business management solution, organizations can manage all business processes through one system.

Enterprise Resource Planning, ERP in short, is one of the fastest-growing software in the IT industry. It integrates the core business processes into a single software package, which can be used throughout the organization. It contains modules such as Finance, Sales and Marketing, HR, Trade and logistics, and so on, which enable ease of business, streamlining processes, and management of data.

ERP Software

Enterprise Resource Planning Software

Fact Check: According to Allied Market Research, the global ERP market was $35.81 billion in 2018 and it is expected to be $78.40 billion by 2026. It is growing at a CAGR of 10.2% during the period 2019 to 2026.SelectHub survey results say that 95% of companies prefer cloud-based ERP solutions, and only 5% of companies are willing to go with only on-premise solutions. Keeping in pace with the latest technological developments, ERP tools are fast becoming cloud-based and mobile-based.

ERP delivery model

Pro Tip: Businesses use the Enterprise Resource Planning tools to grow the business and to maintain & improve the competitive edge. The first thing to consider while choosing the solution is that it should be functionally fit for your organization. Few more factors that are equally important and should be considered are industry experience, technology, risks, scalability, and price (Up-front & On-going).

Benefits of ERP Software

Typically, ERPs use common databases that enable the flow of data from one module to another, thereby enabling a single tool to be used throughout the organization. For example, Payroll may be an HR-related function. But as it involves money, it involves the Finance department too. In such cases, data needs to flow between Finance and HR modules.

The use of Enterprise Resource Planning Systems will help you to do day-to-day operations and long-term planning more efficiently.

The below image will show you the benefits of ERP Systems:

Advantages of ERP software

[image source]

How long would it take to get the results of the ERP system?

For small to medium-sized businesses, the upfront cost of the ERP software could be high. Cloud-based solutions allow businesses to use the solution with monthly subscription plans.

ITWeb has done the survey and found that businesses are getting a meaningful amount of expected improvements in just nine months. Payback time for EPR systems is short and hence it is worth investing in it.

The below statistics will show you the ROI on ERP implementations experienced by various SMEs:

  • 43% of organizations have seen improvements in infrastructure.
  • 41% of organizations have seen expected cycle time reduction.
  • 27% of companies experienced cost reduction benefits.

Hence ERP systems benefit the whole organization. There are hundreds of ERP software available in the market to choose from. This article covers the top 12 popular Enterprise Resource Planning software used widely across industries.

=> Contact us to suggest your listing here.

List Of Top ERP Systems

Here is a list of the most popular ERP Software tools:

  1. Oracle NetSuite
  2. SAP S/4HANA
  3. SAP ERP
  4. Microsoft Dynamics 365
  5. Oracle ERP Cloud
  6. Epicor ERP
  7. Sage Intacct
  8. Oracle JD Edwards EnterpriseOne
  9. SAP Business One
  10. Salesforce CRM
  11. Acumatica
  12. Odoo
  13. SysPro ERP
  14. Sage 300cloud
  15. ERPNext

Comparison Of The Best ERP Software Tools

ERP SoftwareBest ForDeploymentPlatformsFree TrialPrice
Oracle NetSuite

NetSuite_Logo
Small to medium-sized businessesCloud-basedWindows, Mac, iOS, Android, Web-basedNoGet a quote
SAP S/4HANA

SAP_Logo
Medium to large businesses.On-premise & Cloud-basedWindows, Mac, Linux, Solaris, etc.Available for 14 daysGet a quote
SAP ERP

SAP_Logo
Large businesses.On-premiseWindows, Mac, Linux, iOS, Android.No.Get a quote
Microsoft Dynamics 365

Microsoft_Logo
Small to large businesses.On-premise & SaaS.Windows, iOS, Android, Windows Phone.--It starts at $20/user/month.
Oracle ERP Cloud

Oracle_Logo
Small to large businessesCloud-basedWindows, Mac, Linux, Web-based.Oracle Cloud can be tried for free.Get a quote.

Let us review these ERP Solutions:

#1) Oracle NetSuite

Best for small to medium-sized businesses.

NetSuite

NetSuite has been acquired and marketed by Oracle Corp. NetSuite comprises five suites, ERP, CRM, E-Commerce, Professional services automation, Human Capital Management, along with NetSuite OneWorld, using which NetSuite can be implemented across currencies and it can also manage many subsidiaries of an organization.

Features:

  • NetSuite has financial management features that have built-in business intelligence.
  • Its financial planning features will shorten cycle times and enrich your planning process.
  • It has order management features that will accelerate the order to cash process.
  • It provides the features and functionalities for Procurement, Warehouse & fulfillment, Supply Chain Management, and Production Management.

Verdict: NetSuite will streamline business processes. It has built-in business intelligence that combines data with visual analytics. It is a highly scalable solution and you will be able to easily add and customize functionality as the business grows.

Price: You can get a quote for pricing details.


#2) SAP S/4HANA

Best for medium to large size businesses.

SAP S/4HANA

When it comes to ERP solutions, SAP dominates the market. SAP solutions are the most widely used ERPs, and it enjoys a large chunk of the market share. SAP S/4HANA is SAP’s ERP business suite for large-sized companies. SAP S/4HANA has rich real-time data analysis capability and can be deployed in on-premises, cloud, or hybrid.

It contains an in-memory relational database management system called HANA (High –Performance Analytics Appliance) which is mainly used for advanced analytics and data processing.

Features:

  • SAP S/4HANA has built-in intelligent technologies like AI, Machine Learning, and Advanced Analytics.
  • It has an in-memory database and a simplified data model.
  • It has capabilities and best practices for a wide range of industries.

Verdict: SAP S/4HANA is the system with embedded AI technology and provides 100 times faster reporting, real-time advanced analytics, and streamlined data display. It has flexible deployment options.

Price: A free trial is available for 14 days. You can get a quote for SAP S/4HANA Cloud and SAP S/4HANA.

Website: SAP S/4HANA


#3) SAP ERP

Best for large size businesses.

SAP_ERP

SAP ERP is another product from SAP for large-sized organizations. It is one of the most widely used ERPs, which is being implemented across industries, across countries, across languages, and currencies. It also comes with a mobile interface to access anytime, anywhere. Apart from these, it also offers seamless migration to SAP S/4HANA.

SAP ERP provides expert consulting services. You can take advantage of custom application development services.

Features:

  • SAP has deep industry & technical knowledge.
  • Data centers, privacy, and product security standards are maintained by SAP.
  • Its support services will help you to keep your SAP solutions running at peak performance.
  • It has long-term plans, embedded teams, and remote technical support.

Verdict: SAP ERP Central Component i.e. SAP ECC is used in 25 industries and has 50000 customers. SAP will support this product until 2027.

Price: You can get a quote for pricing details. A free trial is available for some SAP products.

Website: SAP ERP


#4) Microsoft Dynamics 365

Best for small to large businesses.

Dynamics365

Microsoft Dynamics is the line of ERP and CRM solutions developed by Microsoft. There are many Microsoft products in the Dynamics line such as Dynamics GP, Dynamics NAV, Dynamics AX, and so on. MS Dynamics 365 can be easily integrated with other Microsoft products such as PowerBI, MS Project Server, and so on.

Features:

  • Dynamics 365 leverages the integration of ERP and CRM functionalities on the cloud.
  • It consists of modules such as Finance and Operations, Sales and Marketing, Field Service, and so on.

Verdict: Microsoft Dynamics 365 provides a set of business applications that will let the businesses track leads, drive sales, and improve operations. It makes the use of AI, Machine learning, and mixed-reality tools and can provide predictive guidance for sales & automated fraud protection.

Price: Microsoft Dynamics 365 offers the solution to various business areas and the pricing will change accordingly, Marketing (it starts at $750 per tenant per month), Sales (it starts at $20 per user per month), Customer Service (it starts at $20 per user per month), Finance (it starts at $30 per user per month), etc.

Website: Microsoft Dynamics 365


#5) Oracle ERP Cloud

Best for small to large businesses.

OracleERPCloud

Oracle has a wide range of Enterprise Resource Planning products catering to specific areas, such as PeopleSoft, JD Edwards. Oracle Cloud ERP is a cloud-based ERP solution from Oracle. It comprises many software modules such as Financials Cloud, Procurement Cloud, Risk Management Cloud, and so on.

There is also a separate ERP Cloud for midsize which enables the mid-sized organizations to implement ERP cloud and ensure ease of business and lowering of costs.

Features:

  • Oracle ERP Cloud provides the broadest and seamless functionality across Finance, HR, Supply Chain, and Customer Experience.
  • It will be easier to see the complete picture of your company’s finances and operations.
  • It can be used for mission-critical business functions.
  • It updates the cloud every 90 days and hence you will have the latest capabilities.

Verdict: Oracle Fusion Cloud ERP will help you to adapt business models and processes quickly. It will reduce costs, sharpen forecasts, and innovate more. It is a highly scalable solution and runs on Gen 2 cloud infrastructure and hence you will get unmatched speed, security, and continuity.

Price: Oracle Cloud offers a free trial. It also offers a free trial of cloud services for 30 days. This free trial will give you access to a wide range of Oracle Cloud Services like Databases & Analytics. It includes 5TB of storage and up to 8 instances across all available services.

Website: Oracle ERP Cloud


#6) Epicor ERP

Best for small to large businesses.

Epicor

Epicor ERP is targeted towards Manufacturers, Distributors, Retailers, and Service Providers in small, medium, and large-scale industries. Epicor provides active ERP and Retail solutions along with integration to handle Point of Sale (POS), e-Commerce, and customer relations.

It also makes use of the latest technologies such as BigData, cloud computing, mobile technology, and so on. Epicor look and feel is very similar to that of Windows.

Epicor can be deployed in the cloud or on-premise. You will be able to monitor your shop in real-time through the data collected from PLCs or IoT sensors.

Features:

  • Epicor Collaborate will integrate social-network-style communication.
  • DocStar ECM will empower your teams to master content workflow.
  • Epicor Virtual Agent will streamline routine tasks.
  • It has a modern design interface and hence easy to adopt.

Verdict: Epicor is the scalable solution and helps the manufacturers to gain more profit, become future-ready & more productive. It has solutions for Manufacturers, Wholesale distributors, independent retailers, etc.

Price: You can get a quote for pricing details.

Website: Epicor ERP


#7) Sage Intacct

Best for small to medium-sized businesses.

SageIntacct

Sage offers one of the best cloud-based accounting financial Enterprise Resource Planning products for small- and mid-sized organizations. Though Sage Intacct’s core functionality is Finance and Accounting, it also contains order management, purchasing modules.

Apart from this, Sage Intacct also offers additional modules such as Inventory management, Fixed Assets, Time and Expense management, Multi entity and global consolidations, and so on.

Features:

  • Sage Intacct provides powerful automation of complex processes.
  • It performs multidimensional data analysis.
  • Sage Intacct also offers integration with other cloud services like Salesforce, ADP, etc.

Verdict: Sage Intacct is a flexible platform and can be easily adapted to the way you work. It provides advanced functionalities or everything that will be required to increase productivity.

Price: Sage Intacct offers a free trial of 30 days. You can get a quote for pricing details. As per reviews, it is in the range of $8000 per year for a single user to $50,000 or more for the organizations managing multiple entities.

Website: Sage Intacct


#8) Oracle JD Edwards EnterpriseOne

Best for small to large businesses.

OracleJD

Oracle offers another set of top-notch ERPs, the JD Edwards. Apart from traditional ERP modules, EnterpriseOne also offers Commodity trading and Risk solution, Environmental health and safety incident management functions. JD Edwards is used in various industries, such as Packaging, Manufacturing, and so on.

JD Edwards also provides a solution named JD Edwards UX One, which offers an enriched user experience.

Features:

  • EnterpriseOne has solutions for Consumer-Package Goods, Manufacturing & Distribution, and for industries like Asset Intensive, and Projects & Services.
  • It offers various solutions like Financial Management, Project Management, Asset Lifecycle Management, Order Management, Manufacturing Management, etc.
  • Oracle’s IaaS, PaaS, and SaaS solution will help you to maximize your investment in JD Edwards EnterpriseOne on-premise solution.
  • JD Edwards with Oracle Cloud will support growth, enable business agility, and lower cost and risk.
  • It provides better security and cost-effective application deployment and management.

Verdict: Oracle JD Edwards provides a modern and simplified user experience. It follows an innovative approach to increase productivity and will help you to work smarter and faster.

Price: Oracle Cloud offers a free tire. You can start for free. It also offers a 30-day free trial that includes a wide range of Oracle Cloud services like Analytics, Databases, etc. There will be US$300 in free credits.

Website: Oracle JD Edwards EnterpriseOne


#9) SAP Business One

Best for small businesses.

BusinessOne

SAP Business One is a cloud-based Enterprise Resource Planning solution that addresses various functional areas such as Financial Management, Product planning, Inventory control, Project and Resource management, and so on. It also has SAP Crystal reports that are used for analytics and reporting.

SAP Business One also has an SAP Business One version for HANA wherein the HANA (in-memory capability) is used to power SAP Business One.

Features:

  • SAP Business One is a single affordable solution that can be used to manage your entire company.
  • It has features and functionalities for financial management, sales & customer management, purchasing & inventory control, business intelligence, and analytics & reporting.
  • It is a scalable platform to connect & streamline your processes.
  • It can be deployed on-premise or in the cloud.
  • It provides integration with the SAP HANA platform.

Verdict: SAP Business One is the easy-to-use solution for financials, sales, CRM, analytics, and inventory management, reporting, etc. You will be able to handle all your department needs through this solution. It has a simple, powerful, and flexible interface that will instantly give you a single view of your business.

Price: You can get a quote for pricing details.

Website: SAP Business One


#10) Salesforce CRM

Best for small to large businesses.

Salesforce

Salesforce is one of the biggest players in the market for cloud-based CRM (Customer Relationship Management) solutions. It is an entirely cloud-based CRM software. Salesforce CRM service can be broken down into Commerce Cloud, Service Cloud, Sales Cloud, Data Cloud, Marketing Cloud, IoT (Internet of Things), and so on.

It allows the sales and support team to track their customer and leads data.

Features:

  • Salesforce provides features and functionalities for small businesses, sales, service, marketing, commerce, etc.
  • It will let you connect any app, data, or service in the cloud or on-premises.
  • It also has two user interfaces, Classic, and Lightning.

Verdict: Salesforce helps the sales team to streamline their sales processes. It will let you merge real-time chat & CRM data into documents, spreadsheets, and slides. It provides a custom-built solution to meet your industry needs.

Price: Salesforce CRM can be tried for free. Sales Cloud has four pricing editions, Essentials (Euro 25 per user per month), Professional (Euro 75 per user per month), Enterprise (Euro 150 per user per month), and Unlimited (Euro 300 per user per month).

Website: Salesforce CRM


#11) Acumatica

Best for small to medium-sized businesses.

Acumatica

Acumatica is the cloud-based ERP solution. It offers solutions to general business edition, distribution edition, manufacturing edition, construction edition, commerce edition, and field service edition. As it is a cloud-based solution, you will get real-time insights anywhere, anytime. It can be deployed in the cloud as well as on-premises.

It also allows you to change your deployment option anytime.

Features:

  • General Business Edition is a complete package with functionalities for Financials, Project Accounting, CRM, and Reporting & BI.
  • Distribution Edition contains functionalities for managing quotes & orders, tracking inventory, automating purchasing, and improving customer service.
  • Manufacturing edition provides the functionalities of customer management, sales orders, inventory purchasing, etc.
  • Every process of your field services can be tracked and optimized with features of service orders, appointments, contracts, warranties, etc.

Verdict: With Acumatica you will pay only for the used resources and not based on the number of users. It has flexible licensing plans and users can be added without buying additional licenses. It will let you add capabilities as the business grows.

Price: You can get a quote for pricing details. With Acumatica, you will have to pay for the computing resources only. The pricing is based on the three simple factors, applications you want to start using, type of licenses (SaaS Subscription, Private Cloud Subscription, or Private Perpetual License), and level of consumption based on the volume of your business transactions and data storage.

Website: Acumatica


#12) Odoo

Best for small to large businesses.

odoo

Odoo is an open-source ERP and CRM software. You can download it or use it in the cloud. It has functionalities to streamline your operations, build websites, manage finances, customize & develop, etc. You can choose your hosting type, Cloud Hosting, on-premise, and Odoo.sh Cloud platform.

Features:

  • Odoo apps will help you to automate your business processes.
  • Apps will be completely integrated.
  • Odoo will help you to automate and track everything.
  • You will get a centralized solution that will be accessible from anywhere with any device.

Verdict: Odoo has a modern and elegant technical design and hence its framework is unique. It is used by 5 million users to grow their business.

Price: With Odoo you can start for free. There are various apps available, CRM, Invoicing, Sales, etc. The price of apps starts at $12 per month. It also offers some extra integrations like FedEx Shipping, and eBay Connector, etc. These integrations start at $36 per month. You can try the platform for free.

Website: Odoo


Additional ERP Systems

#13) SysPro ERP

SysPro ERP Software is for Manufacturers and Distributors. It has functionalities that will help you manage your data and gain insights. It can provide insights into various business activities like Financial, Warehouse, and Inventory management, etc. It has all the features of a CRM system.

Website: SysPro ERP


#14) Sage 300cloud

Sage 300cloud is the all-in-one business management software. It is used by various industries to manage their finances, operations, and inventory. You will be able to manage multiple locations across multiple regions, languages, and currencies. It helps with managing multiple entities with ease. It will simplify your financials.

It provides the key features of finance tools, sales order management, inventory tools, and integrated payments. Sage 300cloud is the best solution for medium-sized businesses.

Website: Sage 300cloud


#15) ERPNext

ERPNext is an open-source cloud ERP software. It is for manufacturing, distribution, retail, trading, services, education, nonprofits, and healthcare. It offers a free trial of 14 days. Its cloud plan is $50 per user per month. You can get a quote for a self-hosted edition. More than 5000 companies use ERPNext.

Website: ERPNext


Conclusion

Enterprise Resource Planning software is a type of business management software. It is an integrated set of applications. The best ERP to be implemented for a particular organization depends on various factors, such as the size of the organization, cost involved, and so on.

Company goals play an important role in the selection of ERP systems, for example, Growth goals, Efficiency goals, speed to market goals, etc. Functional software requirements, underlying technology & future scalability, and budget & resources should also get considered during selection.

In this article, we have seen the top Enterprise Resource Planning products. SAP S/4HANA, SAP ERP, Microsoft Dynamics 365, Oracle ERP Cloud, NetSuite, and Epicor ERP are our top recommended ERP solutions.

Research Process:

  • Time taken to research and write this article: 27 Hours
  • Total tools researched online: 22
  • Top Tools shortlisted for review: 15
=> Contact us to suggest your listing here.