ERP software is very important for organizations to grow and to be ahead of its competitors. There are many functional areas covered by EPRs and some of the common features found in leading ERP software products are Financial Management, Production Management, Customer Service, Project Management, Material Management and Data Management.
The need for Enterprise Resource Planning differs for various organizations depending on the required number of daily transactions, reports and users. An organization can search for a suitable ERP vendor by making a comparison of price, ease of implementation, integrity, scalability and prior implementation record. Some ERP software products are market leaders and these are preferred by large organizations.
Top 10 ERP Software
SAP R/3 suits the requirements of large organizations and it offers an easy solution to handle multiuser transactions in less time. SAP R/3 provides scalable solution which can run on a number of OS and databases. SAP is the leading enterprise resource planning software in the list of top 10 ERP software.
Microsoft Dynamics AX
For mid-sized and large organization Microsoft provides Microsoft Dynamics AX. The software is scalable and easy to handle. Since it is Microsoft's product it is more user friendly as compared to other products.
SAP Business One
SAP is a leading name in ERP vendors list and to meet the need of small organizations SAP introduced SAP Business One, which has fourteen integrated modules. It also provides e-commerce and web-based solutions through the product.
Sage excels in providing easy to use accounting software and it has been in ERP market since last 30 years. The product suits the need of small and mid-sized companies. It best suits the companies where the number of employees is less than 25. It is another rapidly growing enterprise resource planning software in the list of top 10 ERP software.
Infor Global Solutions
IBM's ERP, Infor has been in market since 2002 and it is known for producing fast processes. The latest up-gradation to the system was made in the inventory management.
Epicor founded in 1984 targets mid-market companies and it provides end-to-end enterprise resource planning solutions to organizations. The ERP solution of the company has been implemented in various industries in manufacturing, retail, hospitality, sales, distribution and services. The strength of the software is in its ability to provide in-depth SCM, CRM and business intelligence.
IFS ERP Solutions
IFS ERP Solutions is known for providing enterprise resource planning solutions to organizations in 7 vertical sectors including aerospace and defence, high-tech industries, automotive industries, industrial manufacturing, construction, telecom and process industries.
Exact Software Solution provides low cost ERP solution which integrates modules of HRM, CRM, financial management, CPM (Corporate performance management), business analytics and project management. It has made an important place in the list of top 10 ERP software. Microsoft and Exact are in partnership from almost a decade.
Intacct is a market leader in financial management and it provides a solution on web through Software-as-a-Service. It is ideal for small and mid-sized organizations and it is a cheap solution provider. Some of famous modules of Intacct are accounting, revenue recognition, purchase, inventory, project management, payroll and reporting tools.
The software vendor Syspro has no defined set of ERP procedures. It assists companies to develop their own manufacturing process.