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What is Enterprise Resource Management Software?

Resource management software is a kind of project management solution. It enables companies to track their staff members’ availability, identify the skills they possess, and then assign them to suitable projects.Show more This software is normally used by larger companies as they need to manage employee workloads effectively and identify suitable workers for specific projects. For instance, a big software development company can utilize resource management software to choose a team of full-stack, front-end, and back-end developers who have the required skill sets for big projects. With this solution, they can avoid the time-consuming task of manually identifying and assigning the right employees for specific jobs. Start by checking our leader monday.com, and other recommended solutions in this category.Show less

How was this ranking made?

In order to prepare this list of best Enterprise Resource Management Software we have analyzed trending tools currently available on the market, analyzing their features, ease-of-use, client support, possible integrations and mobile support using our patented SmartScoreTM rating algorithm. This list has been prepared by Nestor Gilbert, our B2B authority dedicated to the Enterprise Resource Management Software category.

List of Top 12 Enterprise Resource Management Software

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1. monday.com

Our score: 9.8 User satisfaction: 99%

An industry-leading collaboration app for on-site and remote work teams. This leverages tools such as Kanban boards, Gantt charts, and workflow automations to help teams handle any type of project. It also seamlessly integrates with third-party apps to ensure easier adoption and extend its capabilities.

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2. Wrike

Our score: 9.7 User satisfaction: 97%

A collaboration software with user-friendly navigation and flexible project views for easier project management. It gives you a bird's eye view of your projects to get a better feel of the progress of your efforts. Moreover, its powerful reporting and analytics tools also help you generate accurate reports with actionable insights.

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3. Connectwise PSA

Our score: 8.8 User satisfaction: N/A

A compact business suite that combines projects, services, marketing, sales, and finance in a single package. The platform allows users to manage projects and assign tasks while streamlining activities for purchasing, marketing, and customer service. The software's help desk features also enable efficient ticketing and accurate documentation.

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4. elapseit

Our score: 8.8 User satisfaction: 100%

A comprehensive resource planning, time tracking, and project management platform that provides businesses with tools to be successful from project kickstart to invoicing. It reins in shifting deadlines and requirements between multiple teams, allowing for consistency in an organization's needs and timelines.

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5. Celoxis

Our score: 8.8 User satisfaction: 100%

A comprehensive business management suite with a unique blend of project and resource management features. It is highly customizable and generates powerful reports and comes with a dashboard module. It provides easy collaboration and communication tools for teams and clients.

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6. Sage Intacct

Our score: 9.4 User satisfaction: 99%

Sage Intacct offers a wide range of out-of-the-box features with customizable functions to fit various conversion funnels and purchase orders. This cloud-based solution empowers users with tools to enhance efficiency to grow their businesses.

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7. WorkOtter

Our score: 7.1 User satisfaction: N/A

WorkOtter is a cloud-based resource and Project Portfolio Management (PPM) software.

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8. Smartsheet

Our score: 9.4 User satisfaction: 99%

An award-winning enterprise SaaS collaboration solution for organizations of all sizes. The platform combines the familiarity and ease of use of spreadsheets with features such as visual timeline management, file sharing, discussion threads, and automated workflows.

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9. Asana

Our score: 9.2 User satisfaction: 96%

A leading project management solution, Asana has an interface that allows users to see what tasks they have on their plate and when they are due. With this, project managers can ensure that their team members are focused on their goals and team members can find instructions to their tasks.

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10. Polaris PSA

Our score: 8.9 User satisfaction: 97%

An all-in-one PSA software that leverages artificial intelligence and machine learning to capture data in real-time and help services businesses keep projects, resources, and finances on track. Features such as SmartBeats, SmartMatch, and SmartBudget also ensure that businesses get constant visibility into project progress, optimize profit and revenue through simulation, and improve the utilization of resources.

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11. Microsoft Dynamics GP

Our score: 8.9 User satisfaction: 97%

A robust ERP solution for businesses that want to regain control over inventory, financials, HR, and sales to grow their bottom line. This is a decent option for small and medium-sized businesses that want to make sense of data and surface insights to enhance their operations.

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12. PeopleSoft

Our score: 8.9 User satisfaction: 99%

PeopleSoft is a comprehensive HR software solution that allows you to create a global collection of HR data and improve your business procedures. Built for small and medium-sized organizations, PeopleSoft enables you to manage your employees efficiently and minimize potential risks.

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Enterprise Resource Management Software Guide

Table of contents

Enterprises operate with a sizable number of resources, including human capital, equipment, and budgets, for each project. As such, large organizations leverage enterprise resource management software to properly manage their staff and their tasks, allocate personnel to projects, track employee availability, and discern which members of the workforce are fit for each project based on their skill sets. The platform can come as a standalone solution or as part of a bigger app like a project management application or collaboration software.

Get to Know Each Product with Free Trial

Enterprise resource management systems are widely used tools given the value they deliver to large operations. Many applications from reputable software companies are available on the market, some of which come with relatively hefty costs. Luckily, a lot of vendors, including the market leaders, offer free trials and costless plans to allow potential subscribers to freely try their products. When looking for a free trial, the ideal starting points are monday.com, Wrike, Polaris PSA, Connectwise PSA, and SmartSheet.

Targeted Businesses

While enterprise resource management tools offer solutions for businesses of all scales, they are tailored to the needs of large organizations, particularly those that have 500 and more staff members in their employ. With the help of these platforms, enterprises can identify and assess the capabilities of each staff member before deploying them to a project team and delegating tasks. The software also typically carries automation features to streamline team management workflows.

Examples of Enterprise Resource Management Software

  • monday.com: An all-in-one collaboration system that unifies solutions for sales pipelines, project management, workflow management, time management, and portfolio management in one powerful platform. It enables users to map out workflows, minimize or organize repetitive activities, and assign the platform digital tasks to automatically perform.
  • Wrike: An end-to-end project management system designed to streamline the project workflows of businesses of all scales. It enables managers to connect team members, assign, schedule, and prioritize tasks, customize workflows, and balance workloads. The platform also has time tracking and reliable reporting capabilities.
  • Polaris PSA: A multifunctional professional services automation system that provides streamlined and automated solutions for resource management, project management, and time management. It proactively gathers information about team tasks, unassigned work, tasks in progress, and completed jobs to give managers full visibility over team operations.
  • Connectwise PSA: A feature-rich project management system that marries project management with solutions for resource management, account management, time tracking, SLA management, and help desk management. It also has billing and invoicing features as well as a powerful analytics engine that produces reliable visual reports.
  • SmartSheet: A powerful collaboration system that offers comprehensive solutions for project management, resource management, sales pipeline management, and timeline management. It is equipped with various trackers that allow users to monitor tasks, task progress, and attendance. The platform can also map out and automate project workflows.

 

Types of Enterprise Resource Management Software

Enterprise resource management software, which is a category of project management software, has two general categories:

  • Cloud-hosted. These platforms function and are accessed on the internet using desktops and multiple devices. It also conveniently stores data on the cloud and can be updated in real-time, but requires an internet connection to work.
  • On-premise. These platforms are downloaded to desktop computers and mainly store data on a computer’s hard drive. On-premise systems typically have better security features than cloud-hosted systems but have limited access.

Key Features of Enterprise Resource Management Software

  • Skills and Availability Monitoring: An enterprise resource management system enables users to classify and track employees based on their schedules and skill sets. In using one, managers can easily form project teams and know if they would need extra team members without delays.
  • Time Tracking: Enterprise resource management software systems can track the work hours of employees in real time. These also account for the billable hours, breaks, absences, and shifts.
  • Timesheet Management: Besides tracking work hours, enterprise resource management tools track task durations, enable shift adjustments, and calculate overtime work. Daily and monthly reports can also be generated. In addition, the platform can automatically send a notification to managers when a team member logs in.
  • Document Templates: These customizable templates can be leveraged to form team worksheets that account for projects, team tasks, resources, and comments. Using these can reduce manual data entry and the occurrence of errors.
  • Automated Resource Allocation: Enterprise resource management platforms can automatically assign employees to projects based on set parameters. This works best when a company faces an influx of new projects.
  • Staffing Forecasting: The analytics engines of enterprise resource management software can process data to predict the staffing needs of potential and incoming projects. This allows companies to plan ahead and have staff ready even before the next project arrives.
  • Knowledge Base: Some enterprise resource management applications enable users to establish and maintain an expansive repository of knowledge that contains articles on staffing basics, a company’s job classifications, project information, and how the software’s core functionalities work, among many others. Customer-facing knowledge bases with information on common software concerns can also be created.

Benefits of Enterprise Resource Management Software

  • Painless team formation: Organizations use enterprise resource management software to form teams from the workforce or a pool of talent. The platform classifies talent based on their competencies, availability, and other set parameters. This allows managers to quickly select the most ideal staff for a project. Moreover, some systems can automate the team selection process.
  • Balanced work distribution: Managers can create, plan, and delegate tasks to team members using an enterprise resource management system. For complex tasks, subtasks can be created and divided among the members. Users can also monitor the duration of each task and make adjustments if necessary.
  • Enhanced project visibility: Managers can view the team members and their daily tasks for all projects on enterprise management software systems. As such, they can make adjustments whenever needed and add or pull out members if the team’s size isn’t optimal. If an employee excels in an area outside their expertise, that area can be entered under the employee’s profile on the platform.
  • Streamlined payroll: Since the time tracking tools of enterprise resource management systems monitor billable hours and account for leaves, absences, and breaks, salaries can easily be computed using the time data. Some apps can be programmed to automate the calculations to make the workflow even more painless.
  • Avoid scheduling conflicts: With enterprise resource management platforms affording users project visibility, managers can ensure that no schedules coincide when forming teams and assigning tasks. Team members can focus on their tasks without worrying about other work-related obligations.
  • Accurate performance coaching: Enterprise resource management software systems afford managers access to information surrounding each staff member’s performance. This includes attendance, productivity levels, task durations, and tasks completed within and beyond their deadlines. Managers can give appraisals and performance coaching based on the data as needed.

Pipeline Collaboration

Collaborative efforts on sales pipelines are critical to an organization’s ability to secure projects since it has to gain the trust of leads for them to be willing to do business. As such, some of the leading enterprise resource management software systems have started to adopt collaboration solutions for sales pipelines. This gives managers visibility and control over sales tasks and project workflows. More resource management applications are expected to follow suit in the near future.

Data and Visibility

Sometimes it’s not enough to just have visibility on project tasks and workflows. There are cases when a project’s budget and cash flow require the same level of attention, especially for large projects with complex workflows. With this, some enterprise resource management software systems extend the visibility to financial data and activities. In addition, the platforms can produce financial reports from the data that reflect the earnings per project, the budget used, and other pertinent financial information.

Potential Issues

Overlooking Resource Risks 

With an enterprise resource management software system in place, some companies tend to overlook the risks while focusing on the platform’s competencies. While these applications can efficiently streamline project workflows, they don’t always account for all the possible risks. Some employees might have different skill levels from what their accounts and CVs suggest. In addition, there are suppliers who could agree to work on a project until they are poached by organizations that offer more cash. Conditions like burnout and employee movement within an organization can also affect projects.

Lack of Human Capital

An enterprise resource management software system can thoroughly enhance project workflows as long as an organization has sufficient human resources to perform the necessary tasks. Unfortunately, not all companies have the workforce to complete projects with the desired speed and quality.  As such, it makes sense for resource management platforms to eventually have HR solutions or integrate with HR management software.

Techniques in Enterprise Resource Management

  • Planning. Plans are roadmaps to success for projects. A project plan details a customer’s needs and preferences along with the company’s plan of action. The latter accounts for the costs, budget, milestones, team formation, tasks involved, deliverables to be expected per date, and the estimated completion date. In a nutshell, the plan is the quintessential reference point of project teams and their clients.
  • Discovery. It is critical to identify all the resources an organization has to offer, so discovery missions are performed to find underutilized assets and how they can be incorporated into project workflows. These processes potentially enhance the efficiency of operations while maximizing a company’s resources.
  • Allocation. Properly distributing assets to each project maximizes an organization’s potential to earn. It also lets companies discover how many employees they should add if they want to increase the number of concurrent projects they can accommodate.

Best Practices

  • Set priorities. Project tasks have varying weights. The most pressing ones are those expected by clients on given dates or needed by other team members to perform immediate tasks, thus they should be classified as “high priority.” For the remaining tasks, refer to a project’s demands and deadlines to determine which tasks are “mid-level” and “low priority.”
  • Workflow optimization. Enterprise research management software systems make this easy since these either present a suggested optimized workflow that your team can adopt or a customizable automized workflow that can be adjusted to suit your team’s exact needs. Utilizing a platform speeds up operations, improves customer and employee experience, and raises the potential for sales.
  • Team communication. Communicating with people who are routinely performing project tasks lead to insights that managers can apply to operations, leading to better practices and results. Likewise, good communication results in timely task updates and performance improvements from team members. Applications like enterprise resource management software provide various communication tools for these to occur.

List of Enterprise Resource Management Software Companies

Order by:

Newest
  • Newest
  • Score
  • User Score
Product name:
Category:
Smart Score:
Price:
User Satisf.
User reviews:
Polaris PSA reviews

Polaris PSA

Enterprise Resource Management Software
8.9
By quote
97%
Wrike reviews

Wrike

Enterprise Resource Management Software
9.7
$9.80
97%
WorkOtter reviews

WorkOtter

Enterprise Resource Management Software
7.1
$10
-
Oracle Primavera reviews

Oracle Primavera

Enterprise Resource Management Software
9.3
By quote
95%
elapseit reviews

elapseit

Enterprise Resource Management Software
8.8
$14
100%
monday.com reviews

monday.com

Enterprise Resource Management Software
9.8
$8
99%
Connectwise PSA reviews

Connectwise PSA

Enterprise Resource Management Software
8.8
By quote
-
Smartsheet reviews

Smartsheet

Enterprise Resource Management Software
9.4
$7
99%
Workfront reviews

Workfront

Enterprise Resource Management Software
9.0
by quote
94%
Asana reviews

Asana

Enterprise Resource Management Software
9.2
$9.99
96%
SAP ERP reviews

SAP ERP

Enterprise Resource Management Software
8.9
by quote
100%
FinancialForce PSA reviews

FinancialForce PSA

Enterprise Resource Management Software
8.6
by quote
97%
PeopleSoft reviews

PeopleSoft

Enterprise Resource Management Software
8.9
By quote
99%
Clarizen reviews

Clarizen

Enterprise Resource Management Software
9.1
By quote
100%
Microsoft Project reviews

Microsoft Project

Enterprise Resource Management Software
9.1
$7
98%

Things to consider when you invest in a SaaS

There are plenty of cloud-based SaaS solutions available in the market and this makes it difficult for a company to select a suitable platform for their requirements. The first element to consider is usability. Be certain about the changes required for your team’s procedures and workflow when you implement the software. Buy a system that adapts to your processes and not the other way around.

The second factor to consider is the user interface. It should be simple and easy to use so that your staff members get the hang of it quickly. Get them involved in the selection and usage process, and evaluate their daily needs to find a good fit. Make the users view the demos and try out the free trials and get their feedback.

The third important feature is scalability. Select a tool that can grow with your business. Though many SaaS providers offer enterprise packages, these are expensive for a lot of businesses. So, check if the product allows you to export your data and migrate to another system if required. In fact, select a provider that allows you to export your data as you can trust their honesty and they are the proper type of SaaS brands you should look to associate with.

Frequently asked questions about Enterprise Resource Management Software

What is the best enterprise resource management software?

The best enterprise resource management software is monday.com. The highly-regarded collaboration system offers comprehensive solutions for project management, portfolio management, workflow management, and sales pipeline management. It also enables users to map out workflows, automate digital tasks, and communicate with team members on various channels. Moreover, the platform integrates with a host of widely used business tools to further streamline operations.

What are the benefits of enterprise resource management software?
  • Quickly form a team: Enterprise resource management software classifies talent based on their competencies, availability, and other set parameters so users can quickly form teams. Some systems speed this up further by automating the team selection process.
  • Balanced work distribution: Tasks can be created, planned and assigned to team members using an enterprise resource management system. Managers can also track task durations and make the necessary adjustments within the interface.
  • Enhanced project visibility: Managers can monitor the team and its individual tasks on the interface. Factors like deadlines, task duration, late submissions, task updates, and project updates are accounted for.
  • Streamlined payroll: Project managers and HR staff can monitor the billable hours, leaves, absences, breaks, and shift swaps of each employee. Computations are made easy as some platforms automate the process.
  • Avoid scheduling conflicts: By viewing the indexed employee schedules on the resource management platform, managers can form teams and delegate tasks with no schedule-related concerns.
  • Accurate performance coaching: Project managers can view the performance data of their team through an enterprise resource management software system.  The factors presented include attendance, productivity levels, task durations, and tasks completed within and beyond their deadlines.
What are the features of enterprise resource management software?
  • Skills and Availability Monitoring: An enterprise resource management system indexes employees based on their schedules and competencies.
  • Time Tracking: Enterprise resource management software systems can monitor the shifts and activities of employees in real time.
  • Timesheet Management: Enterprise resource management tools monitor the durations of tasks and project schedules. These also allow painless shift adjustments and can automatically calculate billable hours and overtime periods.
  • Document Templates: These customizable templates can be turned into team worksheets that cover project details, team tasks, resources, and team comments.
  • Automated Resource Allocation: Enterprise resource management platforms can automatically form teams based on the skills and schedules required for a project.
  • Staffing Forecasting: Enterprise resource management software can analyze information to predict the requirements of potential and incoming projects.
  • Knowledge Base: Some enterprise resource management applications enable users to create a library of knowledge that contains articles on resource management and common software concerns.
What is the easiest enterprise resource management software to use?
  • SmartSheet. This easy-to-use project management tool marries the functionalities of a spreadsheet with visual timeline management, file sharing, collaboration, and automated workflow management features. Users familiar with spreadsheets won’t have trouble learning the platform’s features and collaborating with teammates.
  • Connectwise PSA. This all-in-one professional service automation system integrates crucial business processes without complications. The platform offers handy connective solutions for project management, account management, time tracking, and help desk management.
  • Polaris PSA. This multifunctional professional service automation offers comprehensive automated solutions for project management, time tracking, and expense tracking, coupled with a simple and straightforward interface. Migrating and processing data from one feature to another is painless.
What is a good free enterprise resource management software?
  • Asana. This powerful project management software has a generous free plan that offers unlimited tasks, projects, and file storage. In addition, the plan enables collaborations with up to 15 team members, furnishes multiple project views, and supports integrations with more than 100 business tools, including time-tracking applications.
  • Wrike. This multifunctional project management application endowed its free plan with a wide range of offerings that can benefit project teams. It supports unlimited users and provides smart solutions for task management and schedule management. The platform also offers multiple project views, 2 GB storage space, and access to AI-powered intelligence features.
  • monday.com. This end-to-end project management system may only provide two seats for its free plan but it comes with a plethora of useful features. These include unlimited documents, up to 3 customizable project boards, more than 200 project templates, and over 20 column types for project and workflow management.
Nestor Gilbert

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.

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