When you are looking to deploy an ERP Software Solution, you will require a software solution that ensures your most essential management functions( HR, sales, inventory, planning, CRM, and Finance) are integrated into one platform. Earlier, only large organizations could afford to invest in ERP systems, but with the evolving technology and continuous innovation, it has changed.
Small businesses are looking for a cloud-based and easily accessible ERP system that could serve a variety of business functionalities to all the team members. This article will discuss the top five ERP Software Solutions for SMEs.
Before discussing the software solutions, here are some key features SMEs look for in ERP Software Solutions.
Now starting with the list of ERP Software Solutions
1. Microsoft dynamics 365 Business Central
It is an all-in-one ERP solution to help SMEs streamline processes and enable business development. The platform handles everything from analytics and invoicing to social media and CRM.
Here are some benefits that SMEs could have from this software:
- Simple and easy dashboards that integrate with all the MS apps
- Boost the sales by managing the end-to-end sales process
- Increase visibility and performance with performance metrics and forecasting
- Improved customer service
- Flexible deployment security and reliability for all your business needs
2. Oracle NetSuite ERP
It is a suite of cloud-based ERP that brings tools to automate business processes such as accountability, revenue management, order management, operations, demand planning, billing and invoicing, warehouse administration, and inventory management. Its pricing is offered on a quote basis taking care of different business requirements.
Some of its benefits for SMEs are:
- Flexible and scalable
- Real-time insights
- Agile features and capabilities to grow new products
- Automated and the fast proven solution to make your Business Finance simple
3. Sage Intacct
It is a cloud-based ERP system for SMEs and high-growth companies. It provides the tools and features like cash management, spending management, accounts payables and receivables, multidimensional reporting, subscription billing options, and many more. It also offers additional models to extend the platform’s functionality. Pricing for Sage Intacct is a quote based so that you can customize your subscription plan according to your business needs.
Small business benefits are:
- Real-time Operational Metrics
- Advanced Reporting
- Configurable Workflows, Preferences, Settings
4. Acumatica
It is one of the top cloud-based ERPs that offers a complete set of modules that can be utilized in many ways to accommodate the various specific needs of the retail, E-Commerce non-profit organizations, and SMEs.
Some of its benefits are:
- Project accounting to handle Complex billing
- CRM with real-time data on customer inside activities quotes etc.
- Financial applications that are suited for Complex multinationals
5. Odoo
It is yet another popular open-source ERP solution that offers a selection of modules and applications that can be tailored to your requirements. Unlike other solutions, you can download a basic version for free. It virtually covers all your business requirements with a one-stop-shop solution. Some of its key features are managing projects, boosting productivity, building your website, and creating your custom applications.
Small Business Benefits are:
- Fully-integrated apps
- No additional cost whether you deploy Odoo by a cloud or on-premises
- Pay as you go and only with the apps you use
Conclusion
We hope by now you have a clear understanding of some of the popular ERP solutions in the market. Still, deciding to use one for your business depends on your existing working model. Software implementation is costly and time-consuming, so you may ask experts like us who assess and provide practical support during and post-implementation. Feel free to contact our experts at CRM Masters.