Top 54 ERP Software (Jun 2024)

ERP Buyer's Guide

Overview

Enterprise Resource Planning (ERP) software is a category of integrated business management software that allows organizations to automate and streamline their processes. It enables businesses to manage their core activities, such as financial management, HR, supply chain management, manufacturing, and customer relationship management, in a centralized system.

Why Businesses Need It

Businesses need ERP software to improve efficiency, reduce costs, increase productivity, and make informed decisions based on real-time data. By integrating various functions into a single system, ERP software eliminates data silos, improves collaboration, and provides a comprehensive view of the organizations operations.

Main Features

Key features of ERP software include financial management, inventory management, procurement, project management, CRM, HR management, business intelligence, and reporting tools. These features help businesses streamline processes, improve decision-making, and drive growth.

Main Business Processes ERP Software Can Help With

ERP software can assist businesses with various processes, such as:

• Financial Management: Automating accounting processes, managing budgets, and financial reporting.
• Supply Chain Management: Optimizing inventory levels, tracking shipments, and improving supplier relationships.
• Manufacturing: Managing production schedules, tracking resources, and ensuring quality control.
• Human Resources: Streamlining recruitment, payroll processing, training, and performance evaluation.
• Customer Relationship Management: Managing customer interactions, tracking sales, and improving customer service.

Steps on How to Buy ERP Software

When buying ERP software, businesses should follow these steps:

1. Assess business needs and objectives.
2. Research ERP vendors and solutions.
3. Request demos and evaluate different systems.
4. Consider scalability, integration capabilities, and customization options.
5. Check vendor reputation, customer support, and training services.
6. Negotiate pricing and licensing agreements.
7. Implement the chosen ERP system with proper planning and training.
8. Monitor performance and seek continuous improvements.

Things to Consider

When selecting ERP software, businesses should consider factors such as:

• Scalability and flexibility of the system.
• Integration capabilities with existing systems.
• User-friendliness and training requirements.
• Security features and compliance with regulations.
• Total cost of ownership, including licensing and implementation costs.

Popular Vendors and Market Share

Some of the most popular ERP software vendors and their market share include:

• SAP: Market leader with a significant share in the ERP software market.
• Oracle: Known for its comprehensive suite of ERP solutions.
• Microsoft Dynamics 365: Offering ERP and CRM capabilities in a single platform.
• Infor: Providing industry-specific ERP solutions for various sectors.
• NetSuite: Cloud-based ERP software for small and medium-sized businesses.

Trends and Future of ERP Software

The future of ERP software is likely to be shaped by trends such as:

• Cloud-based ERP solutions for easier deployment and scalability.
• Integration with emerging technologies like AI, IoT, and blockchain.
• Focus on mobile accessibility and remote work capabilities.
• Greater emphasis on data analytics and predictive insights.

10 Questions to Ask ERP Software Vendors During a Demo

1. How does your ERP software handle multi-company or multi-site operations?
2. Can the system be easily customized to meet our specific business requirements?
3. What security measures are in place to protect our data and ensure compliance?
4. How does your ERP software facilitate collaboration and communication within the organization?
5. What level of support and training do you provide during and after implementation?
6. Does the ERP system offer real-time reporting and analytics capabilities?
7. How does the software handle inventory management and supply chain optimization?
8. Is the ERP software scalable to accommodate our business growth and changing needs?
9. What integration options does the system offer with other business applications?
10. Can you provide case studies or references from companies similar to ours that have implemented your ERP software?

Head to head ERP software leaders comparisons:

List of ERP Software:

Enterprise Resource Planning (ERP) Software Price Range

ERP software products are divided into three tiers, and each tier has its price ranges. Also, the prices are set on a per/user per/month basis. The price ranges for ERP software are $20 to $50, $50 to $200, and $200 upwards for each respective tier. The price ranges represent the basic or entry-level offerings from each vendor; hence, robust or more feature-packed offerings will start at significantly higher prices per month. For example, Odoo pricing starts from $20 per user monthly, MIE Track Pro pricing starts from $125 per user monthly, and RealTrac cost is around $169 per month.

In addition to this, ERP software products are also priced based on their target organization size; hence prices may differ.

• Small Businesses can expect to pay between $10 to $50 for an ERP software, and the prices are set on a per-user, per month basis. The number of users chosen on a given package also determines the prices. Some examples are Wrike, which starts from $10 per user monthly, Britix24, which is priced at $24 per user monthly, and Ecount ERP, which starts from around $50 per user monthly.
• Medium Businesses can expect prices that range from $70 to $200 for ERP software. Again, most of the prices are set on a per user, per month basis, and the number of user accounts can also influence prices. For example, Paragon ERP pricing is around $150 per user monthly, SyteLine pricing starts from $100 per user monthly, and Visco costs up to $95 per user per month. Also, some software have perpetual licenses, and an example is BatchMaster, which costs a one-time fee of $2,000 per user.
• Large Businesses can expect prices which start from $200, and that can go as high as $1,000 per user, per month. ERP offerings for large businesses are more feature-packed, and they usually include accounts for more users. For example, WhereFour pricing starts from $400 per user monthly, while MultiView starts from $999 per month for a number of user accounts.

ERP software best of breeds and their price ranges are as follows:

• Supply Chain Management Software The prices for most supply management software in the market are based on a per user, per month basis, and they can be divided into three tiers. The price ranges are $20 to $100, $100 to $1,000, and $1,000 above, depending on the level of package. For example, Margin Point Mobile Inventory costs $89 per user monthly, InfoPlus $696 per month, and Activate $5,000 per month.
• Warehouse Management Software Most software in this category have standard offerings for SMBs and more premium offerings for large-sized businesses. Businesses can expect to pay $70 to $200 for standard offerings and between $1,000 to as high as $50,000 for premium packages. However, note that the small offerings are usually set per month, while the premium offerings are usually perpetual licenses. For example, Finale Inventory starts from $99 per month, and FlowTrac pricing starts from $130 per month. Meanwhile, Warehouse Management Suite costs 10,000 per license and DataScope 18,000 for a one-time fee per user.
• Distribution Software Distribution software pricing ranges from $50 to $200 for those set on a per-user per month basis. On the other hand, other distribution software have perpetual licenses that cost between $5,000 to $20,000, although products with perpetual licenses may have separate fees for installation and training. For example, BizAutomation starts from $79 per month, and Nowcommerce for QuickBooks costs $100 monthly. Alternatively, Oneir and WinFDS cost one-time fees of 10,000 and 15,000, respectively.
• Material Requirements Planning (MRP) Software Most Material Requirement Planning software pricing falls between $15 to $150, and they are usually set on a per-user, per month basis. However, there are others with more robust features that can cost as high as $1,000. For example, MRPeasy pricing starts from $49 per user monthly, Total ETO costs from $85 per user monthly, and MasterControl Manufacturing Excellence costs $1,000 per month.
• Workforce Management Software Most workforce management products in the market have prices that fall between $15 to $150, and they are usually set on a per-user, per month basis. For example, Jobber starts from $29 per user monthly and SynchroTeam from $22 per user monthly, but Outplacement has a one-time fee of $499 per user.