Top 7 ERP Systems for Small Businesses & Startups
Are you a startup or a small to medium-sized business searching for the perfect enterprise resource planning (ERP) software? An ERP solution that not only fulfils your requirements but also aligns with your budget? This article is the perfect place for you to explore your options.
This blog will look at the top 7 ERP systems designed specifically for small businesses and startups. In the current business environment, numerous ERP systems are available in the market. Enterprises can effectively manage their crucial operations with the help of these engineered systems. Experts project that the ERP market will reach a value of approximately $40 billion by 2025
Suppose your company is facing challenges with communication among remote workers, customer service, system integration, operational inefficiencies, or international expansion. In that case, it may be worth considering the implementation of an ERP system. Let’s start with the basics before diving into the world of ERP systems. Simply put, what exactly is ERP software?
What is an ERP software?
Enterprise Resource Planning (ERP) software is a comprehensive tool that companies use to streamline their daily operations. Enterprise Resource Planning (ERP) systems are utilized in various industries and sectors, serving a wide range of functions such as accounting, procurement, project management, compliance, risk management, and the complexities of supply chain operations.
For small businesses, choosing custom-built software is often a more favorable option than using off-the-shelf ERP systems. Choosing the latter option can be pretty expensive, as the costs can quickly add up, especially when considering additional features and add-ons.
ERP software gives businesses a centralized system to collect and evaluate information from all their operational units. Some of the most important benefits and features of ERP include:
- ERP covers various modules that facilitate the management of financial processes, such as accounting, budgeting, and financial reporting.
- It optimizes various supply chain processes, such as inventory management, procurement, and order processing.
- Manufacturing companies utilize ERP systems in production planning, scheduling, quality control, and shop floor management.
Many ERP systems include capabilities for workflow automation, which can significantly assist organizations in streamlining their business processes.
Best ERP Systems for Businesses
Here are the top 7 best ERP software for small businesses and startups.
NetSuite is a cloud-based ERP solution owned and developed by Oracle Corporation. With its flexibility, industry-specific approach, ease of use, and integration possibilities, NetSuite is a popular choice for medium and emerging businesses. With NetSuite’s all-inclusive ERP solution, businesses may improve their financial management, grow, and streamline their operations in a dynamic and competitive business environment.
2. Microsoft Dynamics 365
Microsoft classifies its ERP offerings as part of the Dynamics 365 suite. Smaller and medium-sized companies can benefit from utilizing Dynamics 365 Business Central. Many industries widely recognize the software as a valuable solution because of the numerous benefits it offers. This solution is a great fit for mid-sized organizations, although it might be a bit expensive for startups.
3. SAP ERP
Many people consider SAP to be one of the best options for ERP solutions. Customers widely recognize the products for their wide array of features and their effective scalability. SAP offers modules tailored to specific industries, allowing businesses to customize them according to their unique requirements. One of the most renowned ERP suppliers, its developers are continuously working to integrate state-of-the-art features like AI, IoT, etc., into their solutions.
4. Epicor ERP
Epicor is a leading company in the ERP industry based on excellent on-premises and cloud solutions. Epicor provides ERP solutions that are specifically designed for the manufacturing, distribution, and retail sectors. The manufacturing sector across the world heavily relies on its consistent functioning as a necessity.
5. Sage Intacct
Sage Intacct ERP is a modern cloud-based software that enhances operational effectiveness and reduces IT expenses. Many people acknowledge Sage for its wide range of offerings, such as comprehensive accounting, payroll, and payment systems that seamlessly integrate. The product serves companies from huge organizations and small businesses in several sectors.
Acumatica deserves special attention due to its speedy integration with other apps and tools. Moreover, it is highly suitable for networked systems and mobile devices. Acumatica offers a range of features, including robust accounting software, centralized document management, and enhanced security measures. It allows users to access and analyze their data anywhere and anytime, ensuring mobility and ease.
7. Odoo ERP
Odoo is a highly reliable and powerful open-source ERP system that offers a wide range of features. The Odoo ERP platform offers extensive customization options to cater to the specific needs of each business. This platform can be beneficial for businesses in various fields such as production, inventory management, accounting, sales, and customer relationship management.
In conclusion, the market for ERP systems provides small businesses and startups with a wide range of options. ERP software’s accounting, manufacturing, supply chain management, and workflow automation features are critical to guaranteeing the smooth and effective everyday operations of many types of businesses.
It is important to consider that custom software solutions may be a more cost-effective option for many small businesses compared to off-the-shelf ERP systems. In the highly competitive market of today, implementing a suitable ERP solution can provide opportunities for improved operational efficiency and long-term growth.