In the past, enterprise resource planning (ERP) software is used solely by big multinational manufacturing companies.
They use ERP to collect, store, track, manage, and interpret data coming from different departments across the organization.
With a single system, companies are able to track and manage all kinds of resources, such as raw materials, inventory level, production capacity, orders, and cash.
Today, enterprise resource planning software is used by businesses of all sizes across different industries.
It provides several advantages and benefits, whether you are in the manufacturing, e-commerce, government, telecommunications, finance, or other sectors.
As an integrated system, a single application unifies and consolidates data storage and management coming from different business processes, saving time and expenses.
Data becomes more visible across the organization and easier to track. Centralization ensures data is synchronized, transparent, standardized, and comprehensive.
Organization leaders, therefore, can make better decisions in less time.
ERP software is an integrated system that allows users to manage several business processes including sales, marketing, financial, human resource, and supply chain operations.
Software vendors usually design their product with best practices incorporated in the solution so that use of the software results in enhanced
organizational efficiency and improved resource optimization and transaction processing.
The latest technologies such as cloud computing has also enabled companies to connect and collaborate better with suppliers, partners, and customers.
Modular design has allowed SMBs to use ERP systems without spending too much initially and can simply add business modules to core features as the business requires them.
Enterprise resource planning software is an integrated system that includes business processes every company requires. These core modules include financial and accounting software, customer relationship management, order processing, procurement and inventory, supply chain management, human resources, e-commerce, and IT help desk. Moreover, ERPs can add modules to integrate additional processes such as project management or modules for specific industries such as manufacturing.
These solutions are customizable—every business will have peculiarities the software will need to address to optimize the process.
The best ERP software will include core features for essential business processes but will be flexible to accommodate additional modules and integrations. They are customizable but easy to configure even for business users. These ERP solutions can provide all advantages and benefits at an affordable and scalable price, will include cloud access, and offer collaboration and business intelligence in addition to supporting best practices. Below is our list of recommendations based on multiple site reviews, customer feedback, features, and market ranking.