The Top 5 ERP Systems You Need to Know About
Enterprise resource planning (ERP) systems help businesses manage many core business functions in real time. Even though the name indicates these applications are only suitable for the largest organizations, small to medium-sized companies also gain advantages from their use. In this modern competitive business landscape, ERP software remains a big competitive differentiator.
What follows is a high-level overview of some of the top ERP systems currently on the market, according to a report from Third Stage Consulting. Use this information if your organization needs to explore this software niche to improve its operational efficiency.
Microsoft Dynamics 365 is in the Cloud
Microsoft Dynamics 365 offers businesses a full suite of applications aimed at breaking down the silos created by traditional ERP and CRM systems. It leverages modern technology innovations, like artificial intelligence and data analytics, to help companies quickly make the right business decision. Employees stay connected to their work no matter their location by using a common Microsoft Cloud platform.
SAP S/4HANA Brings a New Face to an ERP Giant
For many companies in the Fortune 1000, the name SAP is synonymous with ERP applications. Their next-generation SAP S/4HANA system brings companies actionable information in real-time, boosting productivity as a result. Predictive analytics makes sense of enterprise data, while machine learning routines are used with process automation to provide business agility.
Oracle NetSuite for the SMB
Long a popular ERP choice among small to medium-sized businesses, Oracle NetSuite now boasts high scalability, making it suitable for larger organizations as well. It includes a host of modules helping businesses manage their financial planning, orders, production, supply chain, and more. The application suite also includes visual analytics to help companies gain actionable business insights.
Workday Goes Beyond HCM
Popular as a human capital management (HCM) application, Workday is a now a full-fledged ERP system suitable for the medium-sized business. The application suite combines human resources, finance, and business planning into one convenient Cloud-based system. Some of the most innovative companies in the business world, like Netflix and Airbnb use Workday as their ERP of choice.
Salesforce is More Than Just a CRM System
Salesforce remains famous as a CRM application, but one that now features significant ERP functionality. Smaller companies will enjoy the easy integration with popular third-party business applications. It also makes sense for firms already using Salesforce, but only for customer management.
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