The world is moving on the edge of the future. AI is creeping in everywhere to make things as easy as possible. Managing a business is no exception. Large companies are developing tools to make every process smarter.
You have probably heard of Enterprise Resource Planning or ERP, but if not, here’s a concise and straightforward introduction. Enterprise Resource Planning or ERP refers to controlling a wide range of day-to-day activities you need to perform to run your business.
Generally, ERP helps you integrate all the crucial aspects of your business into a single platform. You can manage every part of your business, including purchasing and sales, financial planning, marketing strategies, human resources, and so on.
It’s no surprise that the only way to survive in a competitive market is to find an ERP system to optimize business performance. Now that the significance of ERP software has been confirmed, it’s time to pick a handful of them! Here, we introduce you to the best ERP solution providers. Hopefully, it will help you find the best match for your business.
Benefits of ERP Software
Every department in a company serves a common purpose: to increase profitability. ERP provides a platform to connect all parts of a system and maximize their efficiency to fulfill that objective.
In short, ERP systems are intentionally designed to organize and optimize a system and its components. Here are some of the advantages you can expect from ERP software:
In larger enterprises, the need for efficient collaboration is strong. A monolithic platform enhances and integrates social interaction capabilities regardless of physical location. This allows different departments and divisions to easily communicate and share data with each other.
Providing concise, accurate, and actionable reports is always a challenge for any organization. ERP systems use processed and categorized data, different modules, and visual analytics to accomplish that task as effectively as possible. You no longer have to worry about invoices, purchase orders, receivables statements, or budget reports. Everything is covered.
Data integration is one of the unique benefits of Enterprise Resource Planning systems. Data is entered into the database once and can later be used throughout the entire organization. This will eliminate redundant data and make it much easier to access any information.
The central premise of ERP is interconnectedness, synchronization, automating business processes, and providing integrated applications that share data to avoid redundancies. In other words, integration is more than convenience; it’s an economic decision.
ERP systems fill the gaps in the different sectors of a company. The division of labor has been a great success in the history of human innovations. But everything comes at a price, and in this case, the price is the lack of a holistic perspective. Enterprise resource planning systems have great potential to give a bird’s eye view of a business.
The role of the ERP system in the overall productivity of a company is undeniable. Reducing paperwork and manual work by automating routine tasks, improving manufacturing processes, and building a solid foundation for customer interaction is just a tiny portion of what ERP software has to offer.
Top 5 ERP Solution Providers
Let’s assume you’re already convinced that ERP software is essential to any enterprise. So, let’s have a look at the best ERP solution providers in the market and see which one best fits your needs and preferences.
Microsoft Dynamics ERP
Microsoft Dynamics ERP is a reliable tool for CRM and enterprise resource planning solutions. It helps businesses gain insight into their accounting and logistical functions. Microsoft Dynamics ERP also is a great instrument to control the supply chain, inventory, and human resources.
Microsoft’s ERP solution is an excellent investment in terms of cost reduction. Customer support is often comprehensive and will take care of any problem you may have. In addition to its numerous functions, Microsoft Dynamics ERP is fully customizable and easily integrates with all other Microsoft programs, including Word, Excel, and OneNote.
SAP Business One
As a fully integrated ERP system, it helps streamline different business processes for small to medium businesses. It can handle a variety of business functions, including financial management, CRM, purchasing and inventory, production planning, business intelligence, analytics, and reporting.
Individuals with little or no experience with ERP may find SAP Business One too complex for their needs. Nevertheless, it is a highly customizable solution that offers powerful record-keeping capabilities.
JD Edwards EnterpriseOne
Oracle JD Edwards EnterpriseOne is one of the best ERP solution providers on the market. The JDE culture has always fostered a combination of business value, standards-based technology, and extensive industry experience.
The JDE solution comes with integrated services to leverage IoT and Cloud-based features. It provides a long list of services in different fields. You can manage your financial planning, supply chain strategies, CRM, manufacturing, reports, and more on a single platform. JDE is relatively expensive, but customers will enjoy a user-friendly interface.
It is perhaps best known for its customer relationship management (CRM) software. However, Zoho has also successfully developed ERP software to set up, manage, automate and integrate business processes. It enables enterprises to collect and analyze the data they need to make business decisions.
Zoho ERP is the solution for small and medium businesses seeking higher utilization and lower maintenance. The software covers operation management, sales, marketing, human resources, finance, IT, etc. Since the software runs on a low-code platform, you do not need to learn advanced programming skills, and it provides general users with an easy-to-grasp interface.
SAP S/4 HANA
SAP S/4 HANA is SAP’s most recent flagship product, an ERP for large enterprises. This software is designed specifically for use in the cloud, whether single-cloud or multi-tenant software. Yet, it can also be deployed on-premises. The HANA database is designed to track information and data transactions without consuming significant capacity.
This has dramatically improved real-time performance and visibility. Many believe that SAP S/4 HANA ranks first among ERP systems in terms of market share. But this platform is not a good fit for every business. The rule of thumb, in this case, complex, diverse, and multinational companies, see S/4 HANA as an excellent option.
So, What Fits My Business the Best?
If you’re looking for an EPR solution provider that can help you reduce costs, manage CRM and supply chain, provide hosting as well as mobility solutions, and have rich collaboration tools, IMTS is one of the best ERP solution providers for you.
It offers industrial IoT and automation, augmented reality, virtual reality, artificial intelligence, and everything you need to get things done as efficiently as possible. With more than 500 clients around the globe and more than 15 years of experience, we can help you unleash the true potential of your business. Don’t hesitate! Give us a call and get a consultation.