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12 Best ERP Software for Small Business

Category: B2B News
What is the top ERP software for small business?
The top ERP software for small business is NetSuite ERP. It provides a flexible business solution that is cost effective and can scale to the needs of a fast-growing company. It is able to streamline front and backend processes and comes with all the necessary tools to help you manage critical areas of your business like accounting, finances, inventory, resource planning, payroll, HCM and more.

Have you ever thought of getting an Enterprise Resource Planning (ERP) system for your small business but are reluctant to because you think it’s expensive and quite complicated? Let’s get it straight – most of today’s SaaS and cloud-based ERP platforms are designed to scale to the requirements and budgets of businesses of whatever size and industry. These systems are also simple to navigate, operate, and maintain and bring with them intuitive features that won’t require you to have extensive IT knowledge. In this article, we’ll introduce you to the 12 best ERP software for small business available in the market that you can consider.

Now you may ask – why should you even bother with ERP software? Because of the several benefits you can gain from an ERP system. These include boosting employee productivity, improving operational efficiency, and generating accurate reports. It is also able to simplify and automate critical business processes, give you real-time visibility across your organization, and provide the flexibility that every growing company requires to adapt in an ever-changing business environment. You can head over to our extensive analysis of ERP software to learn more about this type of solution and what it can do for your business.

erp software

What are the 12 best ERP systems for small business?

Small businesses are vital economic drivers. In the U.S. alone, 99% of 30 million firms are small businesses and around 88% of these are employer firms with less than 20 employees. According to the U.S. Small Business Administration, small firms were able to generate 1.9 million new net jobs in 2018.  On the global front, small and midsized businesses account for 97.6% of all exporters and 97.2% of all importers. Software vendors have recognized the importance of this particular industry category that they have crafted business solutions, including ERP systems, specifically for SMBs.

While it has been reported that nearly half of all small businesses are earning and about a quarter are projected to turn in profits in the next four years, they still need all the tools that they can get to be even more successful in a field of cutthroat competition. They need to be agile, able to evolve with market changes and shifting customer trends. They have to future-proof their business and make it more dynamic and responsive in order to overcome challenges such as those revealed below by a survey.

Credits: SMB Group

The great thing about an ERP system is you won’t need separate solutions to address the many areas listed in the survey findings. ERP software is an integrated package of tools and capabilities built to help you manage various operational and functional areas of your business such as customer relations, human resources, hiring and onboarding, revenues and expenses, asset and resource management, regulatory compliance, and many more. Get to know the leading ERP products with our list of 12 best ERP software for small business.

12 Best ERP Systems for Small Business

1. NetSuite ERP

NetSuite ERP dashboard example

NetSuite ERP is a modern, cloud-based ERP platform designed to scale as your business grows. The product is from Oracle which guarantees that you get only the best software from a global leader in business technology solutions. NetSuite’s ERP system is being implemented by more than 16,000 enterprises of various sizes and industries in more than 160 countries, earning for it the title of “the world’s most deployed cloud ERP solution.”

NetSuite ERP brings you all the tools and modules you need to automate business processes such as accounting, demand planning, manufacturing operations, billing and invoicing, financial management, revenue management, fixed assets, order management, warehouse administration, and inventory management. It provides you full visibility into all functional and operational areas across your organization through KPIs, business intelligence, and accurate reporting. These are intended to guide you in making well-informed, data-backed decisions.

Companies have different unique business requirements, hence pricing for NetSuite ERP is offered on a quote basis. This allows the vendor to tailor a custom package for your company based on the modules and add-ons you need and the number of users per month. To learn more, you can sign up for a NetSuite ERP free demo here.

NetSuite ERP

This award is given to the best product in our ERP software category. It highlights its superior quality and underlines the fact that it's a leader on the market.

NetSuite ERP won our Best ERP Software of 2018

Our score
9.6
User satisfaction
99%

Small Business Benefits:

  • Business finance made simple through automation and a fast, proven solution
  • Real-time insights to give you a complete picture of your business
  • Grow new products, channels, and markets with agile features and capabilities
  • Get rid of on-premise IT costs with an ERP system that is flexible, scalable, and always current

2. Scoro

Scoro dashboard example

Scoro is an all-in-one online business management platform specifically designed for small and midsized businesses. Those engaged in services, sales, and project management can get work done faster and more efficiently by leveraging Scoro’s key features which include work scheduling and tracking, collaboration, CRM, quoting and billing, and advanced reporting and dashboards. All these can be controlled from a central hub where tasks, calendar events, KPIs, accounts, and important information are displayed.

With Scoro, you’ll be able to bring together your team, projects, and reports as well as manage business workflows, time and schedules, finances, and clients. You can manage every stage of your project, automate billing and invoicing, get a full overview of contacts, keep tab of performance indicators, and view detailed financial reports. The software is also fully configurable, allowing you to set user permissions, select from built-in templates or create your own for invoices and order, and configure activity or product types. Scoro can integrate with over 1,000 external apps through Zapier and offers mobile apps for iOS and Android for accessing the software on the go.

Scoro is available in four low-cost plans starting with the Essential Plan at $26/user. This is for small teams looking to manage all the important aspects of their business without having to switch between apps and spreadsheets. You can test drive the software for yourself. Simply sign up for a Scoro free trial here.

Small Business Benefits:

  • Manage time more efficiently and allocate resources according to capacity
  • Track and manage everything about your project from one place
  • Take charge of your finances, purchases, and costs, and automate invoice reminders
  • Manage your sales funnel and get a full view of each contact

3. Sage Intacct

Sage Intacct dashboard example

Sage Intacct is a small business management and accounting platform that is part of Sage’s Business Cloud solutions. As a testament to its capabilities, Sage Intacct is the preferred financial app of the prestigious American Institute of Certified Public Accountants (AICPA). The software is intended to address the financial and accounting requirements not only of CPAs and accounting firms but also those of startups and growing companies from a wide range of industries such as those in financial services, healthcare, hospitality, professional services, franchise, wholesale distribution, nonprofits, and others.

What you get with Sage Intacct is a flexible platform with advanced functionalities to help you manage company finances, automate complex processes, increase productivity, and help you make informed decisions. It gives you tools and features for spend management, cash management, accounts payables and receivables, and order management, among others. Furthermore, it offers additional modules to extend the platform’s functionality as your business grows and evolves.

Pricing for Sage Intacct is quote-based. The vendor will customize a subscription plan for your company based on the needs of your type of business, and the modules and features you need. Included in your plan are updates and enhancements, U.S.-based customer support, and 24/7 access to the platform.

Small Business Benefits:

  • Core financial solution – built for finance by financial experts
  • Streamline complex financial and accounting processes
  • Configurable workflows, preferences, settings, and screens with no need for coding
  • Real-time operational metrics and advanced reporting

4. SYSPRO

SYSPRO dashboard example

SYSPRO is a robust ERP system designed to help manufacturing and distribution businesses of all sizes integrate, control, and synchronize their operational processes. It can be deployed on cloud or on-premise and comes with modular features to help you automate and manage accounting, billing and invoicing, scheduling, document planning, electronic payment, inventory, orders and quotes, distribution, supply chain, and warehouse operation. It also has capabilities for multi-currencies, fraud detection, data analysis and reporting, and mobile ERP.

SYSPRO harnesses the power machine learning to give you a smart platform that lets all your systems communicate online, automation processes, and drill down on data at the granular level for complete visibility over your business operations and performance and to identify potential issues before they happen. SYSPRO is available through custom pricing based on the number of users, deployment method, company requirement, and budget.

Small Business Benefits:

  • AI-powered platform for quick analysis, deep insights, and informed decisions
  • Built for the special needs of manufacturing and distribution businesses
  • Simplify complex technologies and go fully digital without hiring an IT team

5. Sage Business Cloud Enterprise

Sage Business Cloud Enterprise dashboard example

Sage Business Cloud Enterprise provides you enterprise-level capabilities to manage your entire business without weighing you down with the cost of typical ERP systems. That’s because the platform is entirely cloud-based which means no expensive maintenance of computers and servers. It is also modular which allows you to get only the set of features you need for managing specific business areas like production, financial management, warehousing and logistics, procurement, customer service, sales, and e-commerce.

Sage Business Cloud Enterprise streamlines enterprise management by allowing you to adapt the platform according to your business requirements. It offers flexible configuration options and support for your industry-specific processes whether you need to manage production, keep up with the demands of your supply chain, ensure inventory levels, undertake projects, or control budget and finances. The software is quote-based according to the industry you are in, the business you manage, and the features that you need.

Small Business Benefits:

  • Applicable for a wide range of manufacturing and distribution business including food and beverage, electronics, wholesale/retail trade, services, etc.
  • End-to-end control of your business – from supply chain to sales
  • Get only what you need based on business need and budget

6. Oracle ERP Cloud

Oracle ERP Cloud dashboard example

Oracle ERP Cloud offers an online solution that includes built-in industry standards and modern best practices and to help companies of all sizes streamline their business processes. Designed for scalability and simplicity, the integrated ERP system lets you automate and manage financials, procurement, project planning, reporting, compliance and governance, and product lifecycle, to mention a few. It utilizes a modern, connected approach through cloud technology that makes it applicable for use in a wide range of industries such as financial services, IT, marketing, professional services, sales, telecommunication, pharmaceutical, and engineering.

The core of the ERP system is its financial module that provides advanced data analytics and sophisticated reporting. It is able to generate accurate, timely, and consistent data to support the reporting needs of departments across your organization and furnish management with vital business and financial insights. Oracle ERP Cloud offers three pricing plans for three major functions – financial reporting compliance, advanced access controls, and advanced financial controls – with prices ranging from $80 to $175/user per month.

Small Business Benefits:

  • Flexible and affordable pricing
  • Intended for small businesses that have outgrown their financial management system
  • Built to unify data, connect teams, drive real-time insights, and propel growth.

7. Odoo

Odoo dashboard example

Odoo is a management platform that brings you dozens of tools to help you manage vital areas of your business such as sales, marketing, finance, operations, human resources, and communications. There are also tools for managing projects, boosting productivity, building your own website, and creating your own custom applications. Since you’re free to create and add your own custom apps while using the platform, the number of apps in Odoo’s fold has accumulated – 10,000 plus as of last count – covering virtually all your business requirements with a one-stop shop solution. This universal approach veers away from the traditional ERP model, offering you a platform that is extremely modular but fully integrated. This is why it has also grown its user base (currently at 3 million users) and is made available in two dozen languages.

Pricing is set at $18.75/user per month ($15/month if paid annually) plus the cost of the apps that are used, normally ranging from $8 to $24. However, there are certain apps that are free to use by any number of users without extra charge. Odoo provides a calculator in its pricing page so you can match users and apps and know how much you have to pay each month or for one whole year.

Small Business Benefits:

  • Pay as you go and only with the apps you use
  • Apps are fully integrated with each other and get rid of interfaces between different apps
  • No additional cost whether you deploy Odoo via cloud or on-premise

8. Epicor ERP

Epicor ERP dashboard example

Epicor ERP is an integrated package of ERP tools and features for accounting and finance, project management, customer relations, inventory, materials planning, manufacturing execution, supply chain, human capital, and more. It can be used by businesses engaged in distribution, manufacturing, retail, and services. Epicor ERP applies new technologies such as big data, business analytics, mobility and the Internet of Things, among others, to help you automate and streamline business workflows, enhance operational efficiency, improve productivity, and accurately manage company finances. The application is service-oriented and modular, letting you get only the modules and functionalities you need. Pricing starts at $175.user per month.

Small Business Benefits:

  • Flexible deployment options – cloud-hosted or on-site with no upfront cost
  • Connects your business with customers and suppliers
  • Reduce dependence on IT

9. OnCloudERP

OnCloudERP dashboard example

OnCloudERP is an online solution built for the resource planning needs of SMBs involved in retail, manufacturing, distribution, and services. The software brings with it tools and capabilities to help you manage customers, sales, purchases, projects, retail stores, production, scheduling, data analysis, and quality control, and data analysis. In addition, the software lets you synchronize all your business and financial workflows, giving you complete control over accounting processes, receipts and purchasing, invoices and sales, deliveries, and production activities. The solution offers simple navigation and is easy to use that you can implement it yourself. And being cloud-hosted, you use it from any connected device anytime and anywhere.

OnCloudERP has four budget-friendly packages starting with the Startup plan at $10/user per month which is good for one company and a minimum of five users. It comes with 1GB storage, unlimited records, free updates, and email priority support.

Small Business Benefits:

  • Easily adaptable to companies with varying languages, time zones, and currencies
  • Quick setup in five simple steps
  • Simple yet powerful and affordable

10. Atlas ERP

Atlas ERP dashboard example

Atlas ERP is a web-based business automation solution intended to streamline business functions and optimize business processes.  It can be used by businesses of all types and sizes and is an ideal tool for performing financial accounting tasks, managing projects and keeping you on top of your sales, communications, and logistics. Atlas ERP brings together and synchronizes all your business processes, making them fully visible, accessible, and manageable. Among its many business modules are financial management, project management, BPM, CRM, HRM, production management, sales management, service desk, analytics, knowledge base, Internet marketing, and social network. Three plans are offered beginning with ERP:Start plan for up to 15 users at $29/user per month.

Small Business Benefits:

  • A solution built by entrepreneurs for entrepreneurs
  • Unified system for managing clients, orders, processes, production, and sales
  • User-friendly platform that works on any browser

11. MIE Trak Pro

MIE Trak Pro is a robust ERP solution that offers a large library of modules that allow you to effectively handle specific aspects of your business. It has modules for automating work orders, create custom quotations, crafting sales orders, data collection, invoicing and accounting, scheduling, and many others. These modules are built to seamlessly integrate with one another, which means you are able to handle all your operations from a single platform without having to spend resources to invest on separate business systems. Deloyable via the cloud or on-premise, MIE Trak Pro provides you with real-time visibility into your business operations and lets you dig through granular levels of data.

Small Business Benefits:

  • Various types of modules that are designed to cover specific facets of your business.
  • It allows businesses to stay on top of all their costs and expenses.
  • It offers cloud-based and on-premise deployment options.

12. OptiProERP

OptiProERP dashboard example

OptiProERP is end-to-end manufacturing ERP platform with integrated tools for managing finance, supply chain, customer relations, and industry-specific processes. It is designed for SMBs, giving them a unified solution that is flexible and scalable to the needs of fast-growing companies. With the ability to optimize supply chain, improve inventory management, provide real-time operational visibility, and track the entire cycle of order processing, among others, you’ll be able to respond more quickly and accurately to changing customer demands. You get all the tools needed to manage accounting and financials, customers, purchasing, sales and opportunity, inventory and warehouse operations, quality control, production, and supply chain. OptiProERP is offered via custom pricing both for its Express and Enterprise plans which are tailored for your company’s requirements.

Small Business Benefits:

  • Developed by manufacturers for manufacturing businesses
  • Global support team of 400 people to help you with everything about the product
  • Built to future-proof your business

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. No stranger to small business hiccups and drama, having been involved in a few internet startups. Prior to his for-profit ventures, he has had managed corporate communications for a Kansas City-based Children International unit.

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