Best ERP Software for 2021: Comparison & Reviews

ERP concept illustration. Idea of productivity and improvement.

ERP Software reviewed by Web Webster

 

Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources.

Enterprise resource planning software typically integrates all facets of an operation — including product planning, development, manufacturing, sales and marketing — in a single database, application and user interface.

ERP is an enterprise application

ERP software is considered to be a type of enterprise application, that is software designed to be used by larger businesses and often requires dedicated teams to customize and analyze the data and to handle upgrades and deployment. In contrast, small business ERP applications are lightweight business management software solutions, often customized for a specific business industry or vertical.

Today most organizations implement ERP systems to replace legacy software or to incorporate ERP applications because no system currently exists. In fact, a 2016 study by Panorama Consulting Solutions, LLC., indicates that organizations implement ERP for the following reasons:

  • To replace out-of-date ERP software (49%)
  • To replace homegrown systems (16%)
  • To replace accounting software (15%)
  • To replace other non-ERP systems / had no system (20%)

Top ERP Systems

Company

Description

Features

Pricing

Netsuite ERP

Market-leading cloud EPR solution. Modern and scalable implementation across all critical back office functions.

Accounting, Inventory Management, Reporting & Analytics, Functionality across enterprises of all sizes.

Starting at $999/month

SAP ERP

Trusted EPR provider with 40 years of market history and more than 50,000 customers worldwide.

Accounting, Inventory & Warehouse Management, Purchasing, Reporting & Analytics Functionality across enterprises of all sizes.

Variable ($20k+)

Sage ERP

Fully-integrated, comprehensive suite of EPR business tools and capacity across all back office functions.

Financial Cloud, Accounting, Inventory & Warehouse Management, Procurement, Reporting & Analytics, Functionality across enterprises of all functions.

Variable ($15k+)

For guidance on what to look for when considering your ERP options, see TechnologyAdvice’s Guide To ERP Software.

 

ERP software modules explained

ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing.

Recommended Reading: The Difference Between CRM and ERP

Some of the most common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR. A business will typically use a combination of different modules to manage back-office activities and tasks including the following:

  • Distribution process management
  • Supply chain management
  • Services knowledge base
  • Configure prices
  • Improve accuracy of financial data
  • Facilitate better project planning
  • Automate the employee life-cycle
  • Standardize critical business procedures
  • Reduce redundant tasks
  • Assess business needs
  • Accounting and financial applications
  • Lower purchasing costs
  • Manage human resources and payroll

As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP in to other business activities and may incorporate modules for CRM and business intelligence, presenting it as a single unified package.

The basic goal of using an enterprise resource planning system is to provide one central repository for all information that is shared by all the various ERP facets to improve the flow of data across the organization.

Enterprise ERP trends

The ERP field can be slow to change, but the last couple of years have unleashed new technology trends which are fundamentally shifting the entire area. The following new and continuing computing trends have an impact on the growth of enterprise ERP software:

Mobile ERP 

Executives and employees want real-time access to information, regardless of where they are. It is expected that businesses will embrace mobile ERP for the reports, dashboards and to conduct key business processes.

Cloud ERP

The cloud has been advancing steadily into the enterprise for some time, but many ERP users have been reluctant to place data in the cloud. Those reservations have gradually been evaporating, however, as the advantages of the cloud become apparent.

Social ERP

There has been much hype around social media and how important —or not — it is to add to ERP systems. Certainly, vendors have been quick to seize the initiative, adding social media packages to their ERP systems with much fanfare. But some wonder if there is really much gain to be had by integrating social media with ERP.

Two-tier ERP

Enterprises once attempted to build an all-encompassing ERP system to take care of every aspect of organizational systems. But some expensive failures have gradually brought about a change in strategy – adopting two tiers of ERP.

Depending on your organization’s size and needs there are a number of enterprise resource planning software vendors to choose from in the large enterprise, mid-market and the small business ERP market. Gartner’s annual market share reports put SAP, Oracle, Sage, Microsoft and NetSuite among the top vendors, but Capterra’s data suggests that SAP and Oracle are easily the biggest two, with Epicor, Infor and Microsoft on their heels in a shifting line-up. The top small business ERP vendors includes names like NetSuite, Exact Max, Epicor and Syspro. (Source – EnterpriseAppsToday – ERP Buying Guide Top Tier Vendors, Drew Robb)

 

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Vangie Beal
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.

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