Having an ERP software is very important for many SMEs as it provides many benefits, such as cost saving and better efficiency. However, the ERP software market is huge with a growing number of vendors. As such, with so many options available, how do SMEs select the best ones? To address this, below is a list of 5 ERP software that we feel is the best for SMEs to adopt.
Epicor is an ERP software that provides SMEs with better visibility into the supply chain and global business means. Epicor also offers various functionalities such as inventory control, accounting, pre-production materials planning and manufacturing execution. The system improves quality and compliance, as well as raise productivity and collaboration. Thus, SMEs can opt for this system to build a more data driven firm.
Odoo is a well-known, reliable and fully packaged management solution that is built on an open-source framework. It features modules for accounting, project management, human resources and manufacturing etc. It also integrates with its e-commerce, point of sales, and sales as an extended ERP. These provide SMEs with a robust centralized platform. Being an open source platform, Odoo is a rich source of compatible apps to get more functionalities. SMEs can replace or integrate their systems around the Odoo’s ERP software with a clear user adoption strategy.
Deltek is a cloud based and project based solution for professional services firms that unify resource management, project management, time management, and project accounting all in one platform. This helps the firms to manage all their financial aspects including budgeting, AP, AR, and revenue. Deltek Vision is also useful for SMEs in market research, architecture & engineering, and management & IT consulting. This solution also offers mobile applications and tablet-friendly interfaces.
NetSuite is a reliable brand that is made to scale to SMEs. As a central hub for key business processes, the ERP system put together platforms such as inventory management, order management, billing, and managing your financial records including tracking and controlling expenses. SMEs can also keep a close tab on their inventory processes from procurement to payment. To add on, NetSuite also can implement a seamless approval and pre-set process from sales quote to invoicing. This helps SMEs to operate efficiently. Finally, NetSuite also provides an Human Capital Management add-on module to help SMEs rate staffs productivity, and how to improve performances.
1) SAP Business 1
SAP Business One is an ERP solution that is created specifically for SMEs. This solution can help SMEs put together and automate their financial, human resources and operations for better efficiency and visibility. Every function across the company is unified to achieve that. The SAP Business 1 supports HRM, financials, CRM, inventory in-depth analytics, compliance management, and many other functions on one platform. The software also provides mobile access and cloud tools that allow for flexibility for people on the go. It also reduce errors and data inconsistencies. At the same time, secure user permissions and approval settings protects confidential data from unauthorized access. All in all, this makes SAP Business 1 one of the best ERP software in the market.
At the end of the day, buying the right ERP software is one of the most complex tasks to take on. Almost half of the ERP projects failed the first time even after investing time and money on it. To avoid this issue, SMEs are advised to try out the high-quality ERP software mentioned above and pick the one that best suits their needs.