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4 Best ERP Software of 2021 (Systems Ranked & Compared)

All companies have silos. Each business unit works independently, and the smooth transfer of information between the departments is challenging. Improper enterprise resource planning leads to a loss of precious time, a lack of collaboration, and low business flexibility. ERP software overcomes these challenges. Enterprise resource planning (ERP) is a form of business process management that streamlines your systems and software. An ERP software merges various departments, processes, and business units by unifying them on a common platform, where all team members can access real-time information. The best ERP software integrates business processes like project management, business analytics, CMMS software, HR, and enterprise CRM software to increase efficiencies, reduce errors, and prevent excess spending. There are many new ERP systems on the market, and choosing the best new technology can get confusing. To help make your decision easier, I ranked and reviewed the best ERP software based on integrations, production features, security, implementation timelines, pricing, support, and more. Let’s get to the list. Disclaimer: Please note, I may receive affiliate compensation for some of the links below at no cost to you if you purchase a paid plan. However, these are the best tools I have vetted when it comes to ERP software. You can read my affiliate disclosure in my privacy policy.

What is the Best ERP Software?

1. Oracle netsuite

NetSuite is an all-in-one business management suite that encompasses ERP applications, financials, CRM, and ecommerce for more than 18,000 satisfied customers. Furthermore, it’s a reliable and world-class organization that allows organization-wide automation in the cloud through seamless integrations.

Key Features:

Financial Management and Planning: Helps you combine financial information with instant business intelligence to drive quicker decision-making. It also helps in forecasting, scheduling, capacity, and aggregate planning decisions. Order Management: Combines the process of sales, finance, and fulfillment to take care of pricing and sales order management. Production Management: Allows complete control over production schedules and processes and helps in efficient product lifecycle management. Human Capital Management: Helps you make the most out of your investment in human capital by ensuring that the right person is assigned the right job.

Pros:

Offers high level of automation Highly flexible and customizable Provides excellent customer support Robust functionality and high scalability Digital, comprehensive dashboards available Excellent PRM (Partner relationship module) Efficient security protocols in place Supports multiple languages and multiple currencies The software is upgraded twice a year Nearly 100% uptime Provides remote accessibility for enhanced business unit collaboration Suitable for all types of businesses, whether it is a small, medium, or large business In-built data analytics module to generate actionable insights

Pricing:

The plans are quote-based and are tailor-made and personalized for individual requirements. Pricing depends on the integrations needed, add-ons available, etc. The base license costs $999 per month and access cost is $99 per user per month. Get started with NetSuite.

2. MICROSOFT DYNAMICS

Microsoft Dynamics is an ERP and Customer Relationship Management (CRM) software that is perfect for industries like finance, retail, manufacturing, among others. Currently, it is used by more than 200,000 people worldwide.

Key Features:

Focus Industries: Focuses on multiple industries, including retail, service, manufacturing, finance, and the public sector. Predictive Analytics: Comes with an in-built analytics module that generates actionable insights and robust reports. Third-party Integrations: Widely integrated with several applications, like Outlook, Lync, Sharepoint, Word, among others. Mixed Reality: The software can provide layout (lets you design physical spaces virtually) and remote assistance (collaborate with people through HoloLens). Extensive Marketing: Through its Adobe Marketing Cloud and Dynamics 365, it forms a closed-loop marketing system that enables you to analyze the results of your marketing campaigns.

Pros:

Provides a highly collaborative environment (users can interact in Yammer) Extensive customer support options, including phone and live chats Highly customizable and scalable Gives server-to-server authentication to enhance data security Compatible with numerous platforms, including iOS and Android Improves visibility of Key Performance Indicators (KPIs), like revenue, turnover and underlying issues Extensive automation available

Pricing:

The ‘Customer Engagement’ is $115 per user per month, the ’Unified Operations’ costs $190 per user per month, the ’Dynamics 365’ plan is $210 per user per month, and the ’Applications & Offers’ plan costs anything between $40 to $170 per user per month.

3.SAGE 300

Sage 300 is a Windows-based ERP system that runs on Microsoft SQL. Currently, it has over 2 million global users and is perfect for small and medium businesses.

Key Features:

Manage Multiple Companies: This software makes it very easy to manage multiple companies and accounts. It also makes it easier to report results by the company and consolidated company. International Business Made Simple: International business can be complicated, but Sage 300 makes it easier by maintaining an unlimited number of currencies, exchange rates, and automation of gains or losses from fluctuations. Inventory Management: Inventory management tools take care of essential steps like shipments, returns, and adjustments. Sage 300 also offers multi-location inventory tracking. Automate Finances: Your entire finance management is automated, along with the monthly bank statement reconciliation

Pros:

Comes in numerous languages, including English, Spanish, French, Italian, and more Provides intelligent reporting Displays and helps track accounts payable Visualizes KPI dashboards Offers customer support via phone and live chat Wide range of integrations with applications like Amazon, Magento, Shopify, Salesforce, and more Enables key stakeholders to get access to instant information for more informed decision-making It can provide a solution for a wide range of industries such as construction, manufacturing, wholesale distribution, chemicals, food and beverage, professional services, and non-profit organizations 24/7 access to support articles, production documentation, latest updates and more Provides forums to share your review, tips, and suggestions

Pricing:

The pricing is personalized and quote-based. It depends on a wide range of factors like user count, support needs, functionalities, and more.

4.0DOO

Odoo is a comprehensive, all-in-one business software that offers a wide range of applications like CRM, project management, ERP, inventory, and warehouse management.

Key Features:

Inventory Management: Odoo has a unique, double-entry inventory management system that tracks the entire product journey from manufacture to sale. Quality Checks: The software can automatically ensure quality checks for the manufacturing department. Dedicated Customer Portals: the dedicated customer portals ensure customer data is stored and accessible in a highly organized manner. Centralized Employee Database: The software can pool all the details of the entire workforce on the same platform for instant access. Automatic Stock Adjustments: A feature tailor-made for ecommerce business, stock can be maintained by automatic stock adjustments.

Pros:

Offers a wide range of hosting choices, including cloud hosting, on-premise hosting, or Odoo cloud platform Multi-language customer support teams (English and French) Email and live chat support Get to use your own domain name Offers an excellent free lifetime offer (if you don’t install extra integrations) called Odoo community Option for a wide range of integrations (DHL Express, FedEx, eBay, VoIP, and more) Highly customizable since it is an open-source software Automated invoicing procedure Offers 15-day free trial period

Pricing:

Initially, the ‘Odoo Enterprise’ plan offers a 15-day free trial period. After that, the price is $6 per user per month (paid annually). You’d have to pay extra if you require additional apps. Other than that, the ‘Odoo Community’ plan is entirely free for use.

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