It is estimated that the ERP software market industry will grow up to $41.69 billion by 2020 with a 7.2% CAGR from 2014-2020 worldwide.
Enterprise Resource Planning (ERP) is a system designed to help businesses effectively manage their operations. It integrates the main functional areas of an organization into a unified system for a simplified view.
It is safe to say that ERP software plays a huge role in the success of any business.
That’s why it has become more than crucial to choose a platform that fits right into your business requirements.
There is no doubt about the fact that SAP ERP is one of the market leaders in the industry. It has a customer base of 172,000 businesses worldwide.
SAP ERP offers end-to-end enterprise functionality that integrates core business processes of an organization, including finance, accounting, sales and distribution, human resources, logistics, warehouse management, production planning, manufacturing, and more.
It is a highly scalable system that comes with a user-friendly interface. However, despite its robust functionality, it is not a great fit for every business type.
Some SAP alternative vendors offer more specific features that may better suit a particular small business. To help, we have compiled a list of top 5 SAP ERP alternatives ( in no particular order) that can benefit small business owners.
Let’s have a look.
Best ERP Software That You Should Consider
1. Sage Intacct
The first on our list is Sage Intacct, one of the most popular ERP solutions specially designed for small- to- large-sized businesses.
Sage Intacct offers accounting solutions at its core functionalities, but it extends its usability beyond that. From monitoring your inventory to calculating tax, it helps automate the entire workflow of an organization.
What’s best about it is that it offers customizable reporting options so that you can generate reports as per your requirements. It quickly evaluates various KPIs and metrics directly into the system and gives you a clear picture of your operational performance. You can easily view your company’s financial standing at a glance.
Besides, it makes it easy to visualize reports in various formats, including graphs, charts, and more, for easy understanding. The system has been recognized by AICPA to be their main provider of financial-related applications to CPA.
Thus, with all the insights, you can make better and smart financial decisions for your business.
What’s more, it has a very clean and simple interface that makes it fun to work with. You can even customize the dashboard by creating shortcuts to the most used activity.
You get the option to only use the application you want so that you don’t unnecessarily slow down the system. Thus, it increases productivity.
- Restricts access to confidential information under admin-based control
- Quite easy to install and set up with full support
- Supports multi-currency to support global businesses
2. NetSuite ERP
One of the best SAP ERP alternatives is NetSuite ERP. It is known as the best-in-class, cloud-based ERP solution.
The system aims to streamline all your business’ critical processes so that you can free up extra time and resources to focus and react to new market opportunities and accelerate growth. From supply chain management to financials, inventory, and more, this cloud-based solution offers clear visibility into every process.
It is rightfully marked as one of the top ERP software because of its built-in business intelligence. It enables businesses to combine data with visual analytics to produce meaningful and actionable business insights. These insights can be quite useful in making fast and well-informed decisions.
Furthermore, its warehouse administrative module enables you to manage inventory from end-to-end. It gives visibility into your stock level in real-time. And with its product management module, you can streamline and automate the whole production process, Thus, it ensures that your product reaches the market in time.
The software helps improve the accuracy of procure-to-pay processes so as to optimize for cost-certainty. No wonder it is used by more than 16,000 enterprises in 160+ countries, making it one of the world’s most deployed cloud ERP solutions.
- Has a very rich and intuitive interface that offers easy navigation
- Easily integrates with top shipping carriers, such as UPS and FedEx
- The system is highly scalable and flexible
ERPNext is an open source SAP ERP alternative that is best-suited for small-sized businesses. It offers a comprehensive suite of features that helps with accounting, CRM, sales and purchase, manufacturing, asset management, website handling, and much more.
It simplifies and streamlines all the core business processes and makes it easy to operate it smoothly. This automation of workflow makes it easy for employees to collaborate with other departments and remove duplication of tasks.
The best part is that it seamlessly integrates with popular third-party applications like Slack for communication, PayPal and Razorpay for payment processing, Dropbox for easy storage, Shopify and Woocomerce for managing your website, and much more.
You can deploy the system in the cloud. It saves small businesses from investing in large infrastructure and makes it easy to scale once the business starts to grow. Besides, the system can be accessed from anywhere across the globe.
The ERP system offers dedicated mobile apps for Android and iOS systems that syncs in real-time. In fact, it even supports both Linux and Web browser operating systems.
Furthermore, the system supports multi-currency for global access. Its other accounting features include payment reconciliation tool and tax calculations, which makes it an all-in-one accounting and finance tool.
- Has a reliable and active support team in place for immediate assistance
- Offers an easy-to-understand interface to boost productivity
- Has flexible pricing schemes to support small and medium businesses
ERPAG is a cloud-based solution that is considered as one of the best SAP ERP alternatives. This cost-effective solution is well-known for its ability to adapt to any business size.
It helps connect and streamline all business processes under one system, including sales and CRM, manufacturing, inventory management, supply chain, and more. Besides, it can be used by various industries — ranging from retail to education, automobile, and technology.
For inventory management, it offers end-to-end solutions. It even allows you to scan items using your phone cameras.
Furthermore, the system is quite easy to use with its rich interface. It makes it easy to update information in real-time and make informed and fast business decisions. One unique thing about the ERP software is that you can configure it to display only the data that is most relevant.
You can even integrate it with third-party applications to expand its functionalities, including Google Calendar, Microsoft, Google Drive, Magento, QuickBooks, Square, Stripe, Google Mail, and more. And it connects with 40+ shippers worldwide.
- Can create new accounts using their Google or Microsoft credentials
- Compatible with major operating systems — Windows, Linux, and Mac
- Active support is offered by emails, calls, and video tutorials
- Basic: $24 per month (up to 2 users)
- Standard: $39 per month (up to 5 users)
- Premium: $74 per month (up to 20 users)
The last on our list of SAP ERP alternatives is ePROMIS. This is another ERP software that can adapt to any business size — small, medium, and large. It covers a vast area of functionalities, including that of HR software, CRM, and more. It brings their 30 years of experience and expertise on the table.
Its tools are driven by business intelligence that helps store and analyze all business data to give detailed insights into the business performance. These insights can be quite useful in making smart and informed decisions that can directly affect business growth.
The system is quite flexible. Besides, it can be easily customized to suit your business needs and adapt to every market challenge.
One of the best things about the ERP solution is that it empowers every employee to take full accountability and responsibility for every task performed by them. It increases transparency in the workplace, thereby increasing their satisfaction level.
What’s more, ePROMIS ERP lets you access the system on-the-go. It is compatible with various devices that make it easy for you to use the system from anywhere. All the information syncs in real-time.
It gives you the option to deploy the system however you want — on-premise, hosted, and cloud technologies. The system aims to create a paperless environment-friendly office by eliminating all filing and printing.
- Provides real-time analysis of your assets
- Compatible with tablets, mobile devices, and laptops
- Has a rich and intuitive interface
ERP systems are there to improve your business processes and help you grow. That’s why choosing the right platform plays a vital role.
First, figure out the essential features you require, and accordingly shortlist your options. Don’t forget to take the cost factor into consideration while making a decision.