Enterprise Resource Planning or ERP is responsible for providing key integral systems that help you manage your business and make it more efficient and accurate. A typical ERP consists of various processes of a business such as finance, accounting, sales, marketing, CRM, human resources and inventory. With the use of ERP enterprises can easily transform their complicated business processes into smooth and functional.
Previously ERP was extremely costly, today it is available for various enterprises from small, medium to large companies that have access to a plethora of cloud ERP solutions (Finances Online, 2017). Read the below mentioned ERP solution providers that have topped the list of best ERP solutions according to the latest finance news.
Microsoft Company has made its presence felt in various small and medium business segments. The ERP products sold by Microsoft are low to moderately priced making them affordable for all types of enterprises. Microsoft Dynamics allows you optimize your finance and operations to help your organization grow as well as make real-time, data-driven decisions at global scale.
Oracle has always been amongst the top 5 ERP companies in the ERP market as well as the CRM market. The company holds over 30 years of proven records on the ERP market. Although the products offered by this company are in the high price band, their products offer flexibility which allows companies to customize them according to their requirements. The core applications of Oracle along with CRM and ERP include financial management, human capital management, supply chain management and transportation management.
This company was founded in the year 2002 has already entered the race for the top positions. Currently amongst the top 5, the company has more than 70,000 customers all over the world. The company has introduced enterprise software for financial management, supply chain management and customer relationship management. Since the products sold by the company are low to moderately priced, many small and medium businesses have preferred using this product.
SAP is one of the largest companies in the ERP market. They are the pioneers of the ERP market and have more than 172,000 customers across the globe. They offer a wide range of ERP applications such as customer relationship management, financial management, human capital management, product lifecycle management and supply chain management. They also have large network of partners that provide unique customization and integration offerings for specific markets. Their products are available at a high cost
Ever since the company was introduced in 1972, it has introduced several reputable products over time. The company currently has more 20,000 customers across 140 countries. They currently offer ERP solutions for various applications such as CRM, planning and scheduling, human capital management, financial management, product and sales management, supply chain management and production management. The products offered by the company are low to moderately price.
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- Finances online, (2017) “Top 10 ERP Software For Your Company: Analysis Of Popular Tools” [online] available from: https://financesonline.com/top-10-erp-software-company-analysis-popular-tools/ [accessed December 2017]