Top 10 Most Popular ERP Solutions (Enterprise Resource Planning Systems)

The term ERP means Enterprise Resource Planning. ERP systems take organizational aspects of the business to the highest level. They allow companies to control accounting and HR operations, source the required materials, manage the warehouse, forecast business outcomes, handle customer base, etc. Such systems are highly scalable and adjustable to the needs of companies of various sizes, their purposes, and industries. The challenge that an entrepreneur might face here is the variety of solutions to choose from. This article will tell you about the 10 most used and popular ERP solutions to make your choice easier.

Most Popular ERP Solutions

ERP Solutions Enterprise Resource Planning

Before choosing a resource planning system, it’s important to learn about the advantages and disadvantages of ERP products and create a list of the ERP features required for your business needs. The market offers both one-size-fits-all solutions and field-specific products. Labeling one or another system as “the best” or “the most convenient” won’t be rational. The efficiency of each resource planning software depends on the purpose of your business, the covered industry as well as financial and technical resources you. In this list, we describe ERP solutions based on their popularity, industry coverage, and feature set.

Recommended for you: 5 Ways ERP Systems Can Help Grow Your Business.

1. Oracle ERP Cloud

Oracle-ERP-Cloud-Solution

Oracle Corporation is one of the earliest providers of cloud-based ERP solutions for healthcare, higher education, retail, manufacturing, and, notably, financial services. It provides users with multi-purpose solutions, so both actively-growing and mature companies use Oracle ERP for organizing business processes. The company offers a suite of numerous applications for:

  •  Accounting;
  •  Project management;
  •  Procurement;
  •  Business performance measurement.
NetSuite ERP is an essential Oracle Cloud package that’s easily customizable and able to adapt to changes as the company grows. It includes tools for planning, predicting, and reporting financial outcomes. The distinctive feature of Oracle’s software is the usage of artificial intelligence, machine learning, IoT, and blockchain technology for procurement and financial departments of a company.

Know more about Oracle ERP Cloud

2. Microsoft Dynamics 365 ERP

microsoft-dynamics-365-ERP-Solution

Dynamics 365 ERP is a part of the Microsoft business management tools line that aims at meeting the requirements of medium-sized corporations and subdivisions of large enterprises. This system covers fintech, retail, state sector, manufacturing, and service industry. Microsoft included five main packages to its product:

  •  AX – designed for helping entrepreneurs run their business across the globe and comply with all regulatory measures in a specific location;
  •  GP – made for connecting processes within the company, following market changes, and adapting the company’s resources to these changes;
  •  NAV – created for accomplishing industry-specific processes;
  •  SL – designed for project management and business analysis as well as task automation across the company’s departments and local branches;
  •  C5 – developed for meeting the needs of companies in financial, distribution, analytical, and e-commerce management.
Microsoft Dynamics 365 also provides a group of additional products for marketing, social listening, customer engagement, and sales.

Know more about Microsoft Dynamics 365

3. SAP Business ByDesign

SAP-Business-ByDesign-ERP-Solution

The German company SAP SE created this SaaS solution to meet the requirements of small and medium-sized companies. SAP Business ByDesign covers manufacturing industry and distribution services. Its built-in business intelligence tools, e-learning, and support features make the system easy to learn and use. This ERP solution consists of the following modules:

  •  Accounting and asset control;
  •  Customer relationship management;
  •  Supplier relationship system;
  •  Supply chain assistance;
  •  Human resources management;
  •  Business analysis tools;
  •  Support and compliance assistance, etc.
The system is fully scalable and extensible with additional third-party modules. Besides powerful built-in features, the system offers a beneficial monthly subscription plan that includes free maintenance.

Know more about SAP Business ByDesign

4. Infor M3

infor-logo

Infor M3 was created for medium-sized and global enterprises operating in distribution, fashion, food and beverage, chemical, general manufacturing, rental, equipment dealership industries, and related fields. The system works in eight areas:

  •  Financial management;
  •  Human resources;
  •  Manufacturing management;
  •  Inventory assistance;
  •  Purchasing management;
  •  Quality control;
  •  Sales and after-sales operations;
  •  Product technology.
Infor M3 is an industry-configurable framework that aims at accomplishing as many business tasks as possible. The main strength of this package is the Business Intelligence panel that includes all critical industry measurements and convenient dashboards for monitoring business metrics.

Know more about Infor M3

5. Odoo

Odoo-logo

Odoo is a system that includes both open-source and proprietary licenses. Its Community package serves the business needs of small and mid-sized organizations and can be supplemented with advanced paid features of the Enterprise package. The system’s modules comprise:

  •  Billing and accounting tools;
  •  Customer relationship system;
  •  Website builder;
  •  Inventory boards;
  •  Manufacturing operations;
  •  HR management;
  •  Sales and marketing boards, etc.
The main advantage of Odoo is a customizable and extensive modular architecture. However, the system lacks intuitive design and has a steep learning curve for people who haven’t worked with ERP solutions before. Such automotive companies as Toyota, Hyundai, and Alta Motors are among Odoo’s users.

Know more about Odoo

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6. ERPNext

ERPNext-logo

ERPNext is an open-source system with a whole range of resource planning features, except for a supply chain management panel. It’s widely used by industrial and manufacturing companies, distribution organizations, and service industries. The system also contains some domain-specific modules such as:

  •  Student information system for educational institutions;
  •  Hospital management module for healthcare companies;
  •  Agricultural service system;
  •  Non-profit organization modules.
The main advantages of ERPNext over similar software solutions are innovative architecture and user interface designed to improve user experience, ensure intuitiveness, and high employee productivity.

Know more about ERPNext

7. Workday

Workday-Logo

For almost 15 years, Workday Inc. has been providing cloud ERP solutions for financial monitoring, human resources management, and business planning. It’s primarily used by the accounting, IT, and HR departments of medium and large enterprises. Workday deals with:

  •  Financial management;
  •  Human capital management;
  •  Order management;
  •  Purchase order management;
  •  Inventory management;
  •  Project management;
  •  Reports and analytics.
One of the most significant benefits of this ERP solution is the possibility for average users to modify the system without the help of IT specialists or costly additional tools. Workday is a choice of such leading companies as Nissan Motor Company, Netflix, BlaBlaCar, and many others.

Know more about Workday

8. Epicor ERP

epicor-logo

The Epicor system has a full range of financial, analytical, human resources, supplier and customer relationship solutions presented in many similar resource planning systems. However, it stands out from other types of ERP solutions by offering additional features such as:

  •  Enterprise content management;
  •  Global business management system;
  •  Epicor ICE (Internet Component Environment) architecture.
For 40 years, Epicor has been efficient mostly for technical uses. The system is mainly intended for dealers of industrial and medical equipment, plastics and packaging materials, automotive companies, etc. The Epicor ERP advantages include the ease of software adoption to companies processes, high extensibility with popular business tools, and usage of IoT sensor technologies.

Know more about Epicor ERP

9. Dolibarr

Dolibarr-logo

Containing hundreds of modules for business resource planning, the Dolibarr ERP meets the demands of small and mid-sized companies and freelance specialists. The range of features covered by Dolibarr extends to:

  •  Customer relationship system;
  •  Human resources;
  •  Order management;
  •  Purchase order assistant;
  •  Project management;
  •  Advanced business analysis;
  •  Warehouse management.
This system is free of charge, which prompts more and more small companies to use it as a starting framework. Dolibarr can handle a plethora of critical financial tasks as efficiently as its advanced competitors and provides users with constant updates.

Know more about Dolibarr

10. Openbravo

openbravo-logo

The Openbravo ERP encompasses all common business planning functions primarily for retail and restaurant industries. Over the years, this system has also entered sports, fashion, home electronics, furniture, beauty, and personal care markets. Considering the fields covered, Openbravo offers the following functionalities:

  •  Point of sale systems;
  •  Order management;
  •  Client base management;
  •  Store operations;
  •  Demand predicting system;
  •  Merchandising;
  •  Logistics handling;
  •  Business analysis tools, and more.
The ERP creators claim Openbravo to have a short implementation cycle. Openbravo targets fast-growing companies by providing them with an open-source, highly scalable, and configurable system.

Know more about Openbravo

You may also like: Sage X3 Platform Review – An ERP Solution for Medium-Sized Business.

Conclusion

Top 10 Most Popular ERP Solutions (Enterprise Resource Planning) - Conclusion

The ERP market is full of solutions for companies of any size and purpose, so the purpose of this review is to make the choice of ERP easier. The modern era of advanced technologies prompts resource planning system vendors to add more and more helpful features, including AI and ML solutions. More sophisticated systems would be a good choice for mature enterprises. Meanwhile, startups and mid-sized companies prefer to use open-source, easy-to-implement, and configurable ERPs because of lower cost and opportunities for scaling.

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Article Published by Souvik Banerjee

Souvik BanerjeeWeb Developer & SEO Specialist with 10+ years of experience in Open Source Web Development, specialized in Joomla & WordPress development. He is also the moderator of this blog "RS Web Solutions".

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