The right ERP system can transform operations whether you’re a small business or a large corporation. Small enterprises can automate daily tasks, while larger companies can streamline and integrate global processes for maximum efficiency. With numerous ERP systems available, which ones best suit your enterprise?
Here are 10 top ERP solutions categorized for different business needs:
1. Comprehensive ERP solutions
Comprehensive ERP solutions are those systems that offer end-to-end functionality across multiple business areas. These systems are suited for enterprises looking for a single ERP solution to cater to diverse business needs. For example, SAP Business One (or SAP B1). It is a comprehensive ERP solution that can integrate business functions like sales, procurement, inventory, and supply chain. Similarly, Microsoft Dynamics 365 Business Central is an integrated ERP solution for finance, manufacturing, and sales functions.
2. Small business ERP
Designed for the benefit of small to medium enterprises (SMEs), this category of ERP solutions provides essential functions for any small business operation. Because of their cost-effectiveness and module-based pricing, these ERP solutions are affordable for any small and growing business.
Among the prime ERP examples for SMEs, SAP B1 is easy to deploy across their entire business operations, including procurement, finance, inventory, and human resources. Further, this ERP tool is affordable and scalable for small business growth.
3. Medium-sized business ERP
These ERP systems are designed for any mid-sized enterprise with more complex operations than for SMEs. The cloud-powered Acumatica ERP is one example of a medium-sized ERP designed for growing companies. Along with industry-specific features, Acumatica integrates basic AI and IoT capabilities into this ERP system.
4. ERP for large corporations
This category of ERP systems is designed for large corporations or multinationals with an annual revenue between $500 million and $1 billion. They are also suited for multinational deployment on a global scale.
Among the popular ERP examples in this category, Epicor ERP Solutions is a user-friendly tool that can maintain large and complex business operations. Some of its built-in modules include:
- Sales order management
- Supply chain management
- Financial management
5. Turnkey ERP solutions
A turnkey ERP system is a ready-to-use system that saves implementation time. This category of ERP solutions is suitable for enterprises looking for a quick ERP deployment with minimum customization. For example, Oracle’s NetSuite ERP is a cloud-powered ERP solution ready for fast deployment. This cloud-enabled ERP is also available for multi-site deployment.
6. Customizable ERP solutions
Customizable ERP solutions are highly suited for enterprises with unique business needs. Customized ERP enables them to gain a competitive edge among their peers.
Short for Infor CloudSuite Industrial Enterprise, Infor LN is an example of a customizable ERP solution deployed in specialized industries like aerospace and smart manufacturing.
7. Industry-specific ERP solutions
As the name suggests, these ERP solutions can cater to the requirements of a specific industry domain or sector. For example, BatchMaster ERP is best suited for food manufacturers, while RealSTEEL, powered by MS Dynamics 365 Business Central, is designed specifically for the steel and metal industry.
SAP Business One also provides industry-specific capabilities for SMEs operating in domains such as:
- Consumer products
- Retail
- Manufacturing
8. On-premise ERP solutions
On-premise ERP solutions are those ERP systems that can only be deployed on the company’s on-premise infrastructure or servers. This enables companies to have complete control over their data security.
With its on-premise version, SAP Business One is suitable for deployment on any enterprise’s local system or data server. Another example is SYSPRO ERP, which has been in business for over 40 years.
9. Cloud-powered ERP solutions
Cloud-powered ERP solutions incur lower deployment costs than on-premise ERP as they do not require the on-premise infrastructure. Cloud-powered ERP solutions are also best suited for fast-growing companies that demand business flexibility and scalability. Oracle Fusion is one example of a cloud-powered ERP system. Alternatively, SAP B1 is also a cloud-hosted ERP solution, thus serving as a flexible tool for any business.
10. AI-enabled ERP solutions
AI-enabled ERP solutions offer advanced functionalities such as predictive analytics and automation. For instance, the cloud-powered Oracle Fusion offers both AI and real-time analytics for the benefit of manufacturers. As an AI-powered ERP tool, SAP B1 offers enterprises a host of powerful capabilities, including:
- Automating repetitive tasks.
- Improved decision-making with predictive analytics
- Optimizing supply chain operations.
In summary
Companies can choose their ERP system from any of the listed categories depending on their business requirements. With its expertise in SAP B1 ERP, Praxis Info Solutions can help you deploy and customize your SAP ERP system according to your requirements. To know more, contact us today with your ERP requirements.