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Streamline your business departments under one umbrella by integrating an enterprise resource management software tool. Enterprise resource management tools combine detailed information and key performance indicators to help make business data across different departments more visible to all the members of your team. When you merge your department tools into one single truth source, you are able to make better and informed decisions that help achieve company goals. Today, there are many enterprise resource management tools available making it difficult to discern which program is right for you. Therefore, this article with break down the top 6 enterprise resource management software tools available in the market today.
Top 6 Best Enterprise Resource Management Software Available Today
- SAP Enterprise Resource Planning (ERP) – best enterprise resource management for large organizations looking for a complete solution
- Oracle – best enterprise resource management for larger organizations looking for a solution that requires low maintenance
- Acumatica – best enterprise resource management for small- and medium-sized businesses looking to grow without breaking the bank
- Sage X3 – best enterprise resource management for businesses looking for greater efficiency and flexibility
- Microsoft Dynamics – best enterprise resource management for mid-sized businesses looking to be more adaptable in a dynamic economy
- Workday – best enterprise resource management for businesses looking for enhanced customer support
1. SAP ERP – best enterprise resource management for large organizations looking for a complete solution
Pricing: Contact SAP ERP directly for a quote
SAP ERP software uses intelligent technologies to help organizations streamline core processes from different business departments in one unified and organized system. Solutions include project management, financial management, supply chain logistics, customer service and more. Run your business better, faster, and simpler with the SAP ERP software.
Key Features:
- Intelligent automation
- Instant insight
- Industry capabilities built on best practices
- Real-time embedded analytics
- Live material requirements planning
- Machine learning
- Automate group-wide processes
- Predictive and intelligent remediation
Reasons to Buy:
- Well-integrated enterprise resource management tool
- World’s most popular enterprise resource management solutions
- Intuitive and straight-forward usability
- Personalized service
- Optimize performance for your business
- Automate workflow processes
- User friendly
- Integrations
- Used and backed by reputable
- Great customer experience
Reasons to Avoid:
- Steep learning curve
- High training required
- Costly for small businesses
2. Oracle Fusion Cloud ERP – best enterprise resource management for larger organizations looking for a solution that requires low maintenance
Pricing: Contact Oracle Fusion Cloud ERP for a quote
Oracle Fusion Cloud ERP is a cloud enterprise resource management tool that increases business productivity by streamlining all departments under one cloud system. These include productivity tools such as financial management, revenue management, accounting management, procurement management, and more. What makes Oracle Fusion Cloud ERP unique is its advanced capabilities in artificial intelligence (AI) technology. Through AI technology, your enterprise resource management tool will help to automate manual processes with ease.
Key Features:
- Tools that help predict, detect, and act on new situations
- Tools that automate and eliminate manual business processes
- Simplified and streamlined data functions
- Scenario planning functions
- Connected enterprise planning integrations
- Expense management
- Data management
- Work execution
- Team collaboration
- Issue detection
Reasons to Buy:
- Enterprise resource management tool with AI functions
- Used by 10,000 leading organizations
- Enterprise resource management tailored to your industry
- Tailored enterprise resource management products
- Robust software
- Access cloud service in real-time
Reasons to Avoid:
- Costly for small businesses
- A high degree of training is required
3. Acumatica – best enterprise resource management for small- and medium-sized businesses looking to grow without breaking the bank
Pricing: Contact Acumatica directly for a quote
Acumatica is a fast-growing cloud- and browser-based enterprise resource management software. Trusted by many companies across the world, Acumatica offers intelligent and industry-focused functionality that helps small- to medium-sized companies integrate and connect every department in one cloud platform. These departments include accounting, CRM, payroll, inventory management, construction management, and more. Explore Acumatica to find out how its growth-friendly technology can support your growing business.
Key Features:
- Automate your workflow processes (inventory, CRM, etc.)
- World-class security
- Telework
- Intelligent industry-focused functionality
- On-the-go mobility
- Real-time access
- Data insights
- Advanced reporting tools
- Adaptable open API for integration
- Workflow alerts
- Account-based controls
- Restrictive access
Reasons to Buy:
- Easily integrate tools and systems you already use
- Improve process efficiency
- Intuitive user interface
- Access data from any device at any time
- Scale your organization
- Low-coding to no-coding required
- Simplify and synchronize automation across multiple platforms
- Flexible licensing plans
- Maintain compliance
- Reduce overhead costs
- No hidden fees
- Enterprise resource management solutions tailored to your business and industry
Reasons to Avoid:
- Expensive to customize for vendors outside your business
- Report designing experience is reportedly not good
- Difficult to navigate initially
- CRM is basic
4. Sage X3 – best enterprise resource management for businesses looking for greater efficiency and flexibility
Pricing: Contact Sage X3 directly for a quote
Share information across entire business departments in one single and secure platform. Sage X3 is an enterprise resource management software that allows businesses to streamline business operations with the added customizability for every department’s unique needs. No matter what the industry, take back control of your entire business and simplify complex processes with Sage X3.
Key Features:
- Track your business’ fixed assets throughout their lifecycle
- Franchised asset management
- Financial reporting and dashboards
- Real-time analytics and alerts
- Trigger events
- Personalize home page and dashboard
- Personalize user access and security
- Access data on the go
- integrate solutions with certified partners
Reasons to Buy:
- Easy to import and export data
- Relatively easy to manage the software
- Get 3 months free with Sage Accounting
Reasons to Avoid:
- Not recommended in small organizations without IT staff
- Faster, simpler, and flexible management at a fraction of the cost
5. Microsoft Dynamics – best enterprise resource management for mid-sized businesses looking to be more adaptable in a dynamic economy
Pricing: Various pricing by the department with an entry point starting for as low as $50 USD per user per month
Microsoft Dynamics is an enterprise resource management platform that interconnects your business’ systems in one easy-to-use platform. By streamlining your business functions with intelligent business applications, gain more visibility and control over what is going on in your day-to-day operations. Microsoft Dynamics is best for mid-market businesses looking to become more adaptable in an ever-changing economy.
Key Features:
- Data security
- 99.9% or above uptime SLA
- Works with Microsoft 365 and LinkedIn
- Intelligent technologies
- Phone and web support
- Predictive maintenance
- Demand forecasting
Reasons to Buy:
- Easy to integrate with other programs
- SQL backend
Reasons to Avoid:
- The reporting feature is reported to be difficult to understand
- Initial setup is time-consuming
- Low updates
- Outdated formatting relative to other platforms
- Poor support
6. Workday – best enterprise resource management for businesses looking for enhanced customer support
Pricing: Contact Workday directly for a quote
Finally, an enterprise resource management system that is designed to adapt to your ever-changing business needs! Workday is an industry-leading cloud enterprise resource management platform that combines finance, human resources, planning, analytics, and professional service automation. Get access to real-time and complete data to help your organization make sound decisions.
Key Features:
- Adaptable architecture
- Configurable business process framework
- Intelligent data core that is durable
- Advanced reporting analytics
- Consistent and top security
- Embedded machine learning
- Enterprise integration cloud
- Built-in productivity tools
- Personalized user experience
- Create apps dedicated to your unique business needs
Reasons to Buy:
- Enterprise resource management tool built on speed
- Get the latest enterprise resource management technology with no disruption
- Get complete data to make decisions
- Always secure
- Flexible systems to help you adapt with no coding required
- Always innovating and providing you with the latest updates
- 97% customer satisfaction rating
- Great workflows
Reasons to Avoid:
- Takes a long time to implement
- You cannot have data on your own cloud
References
- https://www.sap.com/products/erp.html
- https://www.sap.com/products/erp/products.html
- https://www.oracle.com/erp/
- https://www.acumatica.com
- https://www.sage.com/en-ca/sage-business-cloud/sage-x3/
- https://www.sage.com/en-ca/sage-business-cloud/sage-x3/product-capabilities/financial/
- https://www.workday.com/en-us/why-workday/our-technology/core-technology.html
- https://www.workday.com/en-us/why-workday/why-different.html