While ERP software might appear to be expensive at first, their closely integrated processes would mostly compensate for the initial steep investment. Additionally, ERPs need not be necessarily expensive: most SaaS vendors, for example, offer a way for you to pay only for the specific modules that you need. Modern businesses like ecommerce and omnichannel retail could be quite complicated to handle, which ERPs by their very integrated nature can easily address.
In this article, we present the twelve best cloud-based ERP software that you can find in the market. If you are looking for such a solution, the compilation gives you a good headstart with your research, since this could be quite a daunting task to even begin with. Down the road, you will notice that most of the top ERP applications are also the ones that have been in the business most, their staying power due to a forward-looking, innovative, and customer-centric approach.
Some take the old-school route with solid financials and accounting coupled with inventory and purchasing solutions, while some take to addressing the growing needs of ecommerce retailers and the like. Take a long hard look at your business and see which ones among the list is yours for the price, modules, and reliable support that you can fall back on in time of need.
Lest you entertain the thought that an ERP solution is your ultimate ticket to the magic Fortune 500 list, a quick reality check on some well-publicized ERP implementation failures should take care of bringing you down to earth fast. If there’s one thing to be learned about these, it’s that while ERP promises sumptuous returns, success does not come overnight via a one-time purchase and just watching it overwhelm staff and CEOs.
Never mind that ERP solutions for small business are now a dime a dozen, signaling to businesses that ERP has never been more accessible. But the initial euphoria can easily wear off once you learn that enforcement can also mean a great deal of disruption and thus, longer actual implementation.
Nothing ensures the success of ERP platform implementation than a well-thought-of change management plan, to convince users why change is necessary and why they need to be trained for it if they are to be involved at all. The solution is straightforward as the problem: instituting a proper organizational change management plan can get the ball rolling in the right direction, on time, and most likely without jumping over budget.
With extensive tools from financial management to procurement, order and billing management, production and supply chain management to warehouse and fulfillment, cloud-based NetSuite ERP covers just about any business process that you need to integrate to make your business operate at an optimum flow. The wide range of services has benefited businesses of any size, making it the most widely deployed ERP platform in the market today. Business owners and their employees hail the application for how it makes their jobs easier to understand in the context of the overall business objective.
The financial module is a robust combination of comprehensive accounting capabilities with transparency and compliance at its core, automation and precision in billing procedures and astute business intelligence to drive the business forward using performance figures and industry-specific insights.
If you want to check its comprehensive feature set, you can easily sign up for NetSuite ERP free trial here.
Beyond free trial, you need to contact the vendor to negotiate a price for your specific needs. The tools that you need will determine the price, which means scaling up or down is easily negotiated with the vendor. NetSuite has been a trusted name in the ERP business for years, and its customer service is second to none, which should give you peace of mind when you think of potential issues when opting for this software.
A project management software that is virtually indistinguishable from standard ERP offerings, Scoro helps companies tie up multiple workflows and teams through detailed work management tools. It comes with invoice, multiple currency support and other financial modules, CRM that paves the path for increased sales, and insightful analytics and reporting features to help business owners get their acts together and grow their businesses.
At the core of Scoro is its capability to keep your portfolio organized and updated, to match project deliveries with budgets, and to set aside non-billable works with billable ones. A thoughtful dashboard design lets you see ongoing and finished projects at a glance, or dive into more details through supporting files and documents.
The vendor offers a comprehensive free trial to get you up to speed with the features. You can sign up for Scoro free trial here.
Once your free trial is up, you may decide to give Scoro a full run, which you could start for just USD 22 per user per month.
Scoro holds a solid customer support reputation, so this area shouldn’t be of major concern to your use of the product.
AICPA-certified Sage Intacct provides all the essential financial solutions businesses need. The cloud-based platform has precision accounting at its heart, with extensions for inventory management, multiple sales tax computations, bank reconciliation and multiple currency support. Your financial data is secured by enterprise-grade security protocols, while a powerful analytic engine gives you meaningful reports to steer your company to growth.
Sage Intacct eliminates risky financial data entry errors for accurate revenue projections based on realistic costs and margins accounting, while strict compliance with regulatory statutes for sales tax keeps away authorities from knocking on your door soon.
A quote-based pricing includes reliable uptime and upgrades down the road. As a web-based platform, Sage Intacct is available for any device of your choice, from desktop systems to iOS and Android hardware.
Available as a cloud or on-premise implementation, 40-year maverick SYSPRO integrates many notable computing technologies to help businesses with world-class accounting services, quote, billing and payment management, inventory and supply chain control, order and invoice processing, auditing and fraud detection, and forecasting. It harnesses bots to take care of repetitive and mundane tasks, so human agents can focus on what they do best.
Your journey with SYSPRO starts by aligning the application with your specific industry and scaling the modules to a level that works best for you. The pricing is thus dependent on just the features that you would actually use, with more than enough room to adjust as your need changes later on.
By adopting the best technologies around, SYSPRO ensures that as your partner, it would remain relevant to your business no matter the path you decide to take. Friendly and professional people behind help desks ensure you get the most of your purchase in no time.
An open source, cloud-based platform with virtually every computing module you will ever need or think of, Odoo is your gateway to propping up your business for success with applications that you can integrate and scale down as you see fit. Among the tools are accounting suite for your financial management and reporting needs, CRM and sales modules, purchase, invoicing, expenses and payment functionalities, recruitment and HR, project and timesheet management tools, and ecommerce and point of sale applications for your retail outlets, among others.
You pay for what you choose, and the pricing is easily available on the platform website for no-frills, no-mystery shopping. The scheme works to your advantage, letting you plan for other expenses to take care of your business.
If you are in the manufacturing or technical services industry, you will appreciate Odoo’s comprehensive MRP and PLM solutions, which is further augmented by superior quality maintenance and real-time communication technologies.
Among those in this compilation of the best 12 cloud-based ERP software platforms with a truly global footprint, Oracle ERP Cloud lays down a solid business foundation for which the solution is acclaimed for. A flexible approach to pricing lets you run the application at any time and pay only for those features that you actually use, sans any contract term. If commitment is more to your liking, Oracle offers a contract term from one to seven years, the price depending again on the modules that you select.
Your choice of features includes the financial and accounting system which is at the heart of Oracle ERP, procurement and project management, compliance and risk management, inventory and order management, along with analytics and reporting to sort out the next steps for your business to head for.
With Oracle ERP, you can be running a business with a truly worldwide reach and not worry about how disparate locations and teams can work together and share the same processes and objectives while maintaining compliance with any region or location. If issues should arise, Oracle ERP maintains capable customer support staff available 24/7 to help you get back on time.
From Germany and a brand that is synonymous with longevity and reliability, SAP ERP provides fully compliant financial and accounting solutions along with sales and CRM functionalities, supply chain and HR management, procurement and ordering modules to take care of multiple facets of your business from one unified dashboard.
Available as an on-premise or cloud-hosted application, SAP ERP allows you to make your purchases count with the best contracts that you can secure through extensive sourcing. With industry-best practices for total transparency, you will never wonder where your money went at the next round of reviews and audits.
If your business is subject to varying regional regulations, SAP ERP’s vast global coverage ensures your accounting or manufacturing processes do not stray away from government laws, a major source of financial risk and headache for the inexperienced operator.
Incorporating the latest technologies with what is already a solid ERP solution, Epicor ERP delivers integrated, seamless business operations that make the most of the digital innovations in the field of big data, artificial intelligence and mobile computing. It handles the most complex numbers for efficient, accurate financial and accounting management, responsive customer communications, inventory and supply chain management, along with human capital and project management among others.
To meet any security and contingency concerns, Epicor ERP lets you implement the software through your own servers and intranet configuration, or access it via a dedicated host or the vendor website. A powerful analytic engine lets you evaluate the performance of different aspects of your business.
You can start running Epicor ERP for USD 175 per user per month, with a choice of other modules to complement the basic package features.
Cloud-based Brightpearl bundles together the most essential computing solutions to help your business navigate the modern demands of global commerce. The solutions range from order and inventory management, sales order and accounting, purchasing and supplier management, to shipping and fulfillment.
If your business is based on selling across multiple channels, Brightpearl provides just the kind of order processing workflows to make it easier to run any number of storefronts from a single, unified dashboard. Orders are tightly linked with your warehouse and fulfillment providers, ensuring that customers get their hands on their purchases on time.
As a modern tool harnessing the best technologies around, Brightpearl is created for fast-growth businesses that are trading at least USD 1 million or above. If you are within this range, you may contact the vendor for your specific requirements, from which it will base its quote.
Making it to tenth in our list of the best 12 cloud-based ERP software is FinancialForce ERP, Salesforce’s suite of professional services automation (PSA) tools informed by industry best practices and intelligent analytics to get your business quickly shooting for success as only Salesforce knows how. The tools are built around a solid financial management system that features smart billing processes along with a robust general ledger.
Aside from accounting and finance, FinancialForce ERP gives you an efficient platform for order and procurement, inventory and resource management, sales and project management, and revenue and billing management among others.
As with others in the list, you need to contact Salesforce for a quote. If your business operates in various regions, FinancialForce ERP provides multiple currency support to make invoicing and payment hassle-free. Since it is from Salesforce, you also get a CRM engine from which to launch your sales and marketing campaigns.
Microsoft Dynamics Business Central is the latest incarnation of business management solution Dynamics Nav, now offering a cloud-based subscription option and tighter integration with other Microsoft programs. The new iteration adds a more powerful business analytics tool on top of the jobs and project management, financial management, inventory management, human resource and payroll, and sales and marketing tools that Dynamics Nav was renowned for.
The well-designed ERP solution that targets growing companies under any industry is well adapted to suit business requirements in multiple regions, with support for flexible exchange rates, local tax rules and multiple language support.
Microsoft works with partners to make Business Central widely available to businesses. The cloud-based Essentials package starts at just USD 70 per user per month, which is a reasonable deal for those who want the comfort of a reputable name working on their behalf.
CashOS is mainly designed for cash optimization. This cloud-based software provides you with a transparent view of both visible and invisible cash across your entire business, which makes it easy for you to track and monitor your money. With this software, not only are you aware of all your expenses and gains, but you can also pinpoint where and how you generated or lost money.
CashOS can generate various insightful reports on your receivables, profits and losses, payables, operational profits and losses, and weekly cashflow. With all of these data on hand, you have a perfectly clear picture on how to continue generating more cash and bolster your profits.
With CashOS, all data is easily accessible on your mobile devices, letting you track down every single penny to a tee and make informed decisions wherever and whenever.
If the foregoing presentation has convinced you that you have found your ERP solution, you may want to consider taking that one last step before that final commitment: take the free trial route to see the application in real time and determine if it is as good as the paper says. For NetSuite ERP, for example, you can easily sign up for NetSuite ERP free trial here. That simple route could spare you a whole lot of pain ahead, too. Plus, you get to ensure that your company is up with the times in the context of the latest ERP statistics, which generally point to the positive impact of this system.
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