What are the top 3 enterprise resource planning (ERP) software solutions? Based on our evaluation, NetSuite ERP took the top spot while two of its competitors – Sage Intacct and SYSPRO – followed closely behind. All of them have many similar offerings, but there are a number of features that distinguish them from each other.
ERP platforms consist of different solutions to manage and streamline core business functions including:
ERP software is designed to be an integrated system as compared to a tech stack of independent apps. It is specifically designed to manage your core business processes or functions in one place.
You can read our in-depth analysis of ERP software to learn more about what it does, the features it offers, and the benefits you can derive from it. Suffice to say that it can do a lot for your business when it comes to simplifying processes, automating workflows, organizing data from various sources, improving efficiency and productivity, and realizing savings. All these are key reasons why an ERP system is important for your company.
While many organizations still go for traditional on-premise systems, an increasing number of organizations have been taking advantage of ERP technology trends. These companies have been doing away with side books and improving tax compliance using these tools. They have also been discovering the potential benefits of technologies like blockchain, AI and augmented reality when used in their existing ERP systems. Add to these the continuous improvements being made to cloud security, which make it more attractive to businesses.
Below we’ll give you a comparison of the top 3 ERP software systems on our list. We’ll compare features and functionalities, integration capabilities, pricing, and customer support. We’ll also point out each of the system’s strong features and give you our verdict so you can make an informed buying decision. Let’s start with a quick look at our top 3 customer ERP software systems.
First on our list of top 3 ERP software systems is NetSuite ERP, an Oracle product that takes the distinction as the “most deployed ERP system” in the world that is used by over 40,000 companies in more than 160 countries. It is an end-to-end solution intended for fast-growing, mid- and large-sized businesses looking to streamline and automate business and operational processes. NetSuite ERP has tools and capabilities to manage financials, revenues, fixed assets, orders, billings, inventory and more. It is able to provide you and your entire organization from top to bottom with a custom view of KPIs, metrics, and reports that matter.
An ERP is rooted in its core accounting and financial management capabilities, and NetSuite ERP harnesses and combines this with built-in business intelligence to help you make information-based and data-driven decisions. The platform stands out when it comes to speeding up order-to-cash processes with a powerful and well-integrated order management suite where every sales and fulfillment operation is connected to pricing. It offers best-in-class production management features that you can leverage to get full control and visibility into your production processes. The goal is to reach the market on time in the most efficient manner.
The vendor offers a comprehensive demo to let you experience all the key features of their tool first. You can easily sign up for the NetSuite ERP free demo here.
In a nutshell, these are the core NetSuite ERP features:
In our Sage Intacct overview we found this ERP system to be an innovative cloud financial management solution that can meet the demanding needs of financial professionals and companies requiring a powerful accounting and finance platform. It boasts of being the only cloud accounting software company designated as a preferred provider by the American Institute of Certified Public Accountants (AICPA). That speaks a lot about the software’s capabilities to bring cutting-edge cloud computing to simplify and automate day-to-day finance and accounting operations.
While the cloud financial management platform is focused on bringing you core financial tools and features, it also offers several add-on modules and advanced solutions to extend the software’s functionality including managing contract revenues, contract subscription and billing, project accounting, multi-entity and global consolidations, and inventory management, among others. Its modular system gives you a scalable and flexible approach to implementing an ERP in phases which your organization can easily adopt, as compared to a full packaged system that for some may not be viable.
In a nutshell, Sage Intacct can:
Going through SYSPRO details, it is revealed to be a powerful ERP platform that’s built specifically for manufacturing and distribution companies. The system, which can be deployed on-premise or on the cloud, offers tools and features to help control, integrate, synchronize and automate production and supply chain processes. SYSPRO also provides a modular system, offering specific solutions for your particular line of business. So whether you are in packaging, electronics, automotive parts and accessories, industrial machinery and equipment, food and beverage and other such production and distribution endeavors, the ERP system can provide a finely tuned solution for you.
The software can boost manufacturers’ profits by keeping tabs on financial management processes through its financial and accounting capabilities alongside its operational and manufacturing functionalities. It is able to provide analytics and valuable insights so you can optimize and improve operations. Likewise, the ERP helps consolidate and process data to enable “smart factories,” which harness online connectivity and communication as well as take advantage of full automation.
In a nutshell, SYSPRO can:
All three ERP systems have solid finance and accounting features. But as you’ve noticed from our product overviews, NetSuite ERP has the more extensive set of tools to manage a wide range of business processes and functions. On the other hand, Sage Intacct’s features are anchored on its financial/accounting prowess, while those of SYSPRO are grounded in managing manufacturing and distribution processes. Each to its specialty, but if you’re on a lookout for the more flexible ERP system, NetSuite ERP, which is backed by the world’s largest supplier of ERP systems (Oracle), is the obvious choice.
NetSuite ERP platform offers end-to-end capabilities for:
Likewise, NetSuite ERP has business intelligence built into the system to process data and produce visual analytics. It is also highly scalable; you can easily add and customize functionalities as your business expands.
UK company Sage happens to be the third largest supplier of ERP systems in the world and when it acquired Intacct, a U.S. financial management services provider that produced an ERP accounting/finance service powerhouse that now goes by the Sage Intacct brand. As such, its main offerings are financial solutions that cover:
However, the platform can be fully extended with modules to manage the financial aspects of projects such as costs and revenue, time and expenses, subscription lifecycle, sales and use tax, and inventory, among others.
On the other hand, SYSPRO leverages technology with features that help streamline processes involved in manufacturing and distribution. You get tools to automate, simplify and manage:
Suffice to say that every important stage, process, and workflow related to production and supply chain can be handled by this ERP system.
Integrations extend the functionality of the platform and give you the needed flexibility to work with other apps right within the ERP system’s environment. It is important to know which apps and programs your ERP software supports and is compatible with. We can say all three systems have good integrations, as expected of a top solution.
NetSuite ERP can integrate with your existing CRM and web applications and also works with other products in the NetSuite family such as NetSuite CRM, NetSuite Ecommerce, and NetSuite Professional Services Automation (PSA). It also integrates with third-party apps including Birst, Contivio, Epay, Bronto, ClickSoftware, and Dell Boomi.
Meanwhile, Sage Intacct integrates with PaaS, development tools, and web services. It can also connect with Global Business Management, Salesforce.com, Paychex and ADP, Clarizen, Development Sandbox, and Intacct’s Accounting Edition.
On the other hand, SYSPRO works with Web EDI and Microsoft applications like Office 365, Outlook, and Powerpoint.
ERP systems are normally offered on a quote basis and packages are tailored with particular features to match your business needs. Cost will always be a major factor when purchasing software and an ERP that consists of a suite of enterprise-level apps requires major investment. How much of an investment depends on your budget and requirements. It may cost as low as a triple-digit figure subscription per month or as high as a five-digit figure or more. That’s why affordable cloud ERP is becoming a preferred platform.
Good thing, all of our three ERP systems can be purchased with a core features plan that offers more functional modules, which can be added later. Of course, you can always purchase the whole enterprise package if you wish.
NetSuite ERP is available by quote, so it’s best to contact the vendor to get a customized plan. Its enterprise pricing is based on modules, number of users per month, and add-ons.
On the other hand, Sage offers a $400/month subscription for small businesses that are transitioning from QuickBooks. Larger companies replacing their on-premise software and other mid-market systems will typically spend a thousand dollars or more a month. SYSPRO’s enterprise pricing is based on software deployment, number of users, and customer needs.
Subscriptions usually include 24/7 support, enhancements, and upgrades. On-premise systems may come with additional costs for installation and maintenance.
For an enterprise-grade solution, customer support is crucial for a successful roll-out and implementation. Remember that an ERP software system is only one component of your organization’s entire ERP strategy. Success hinges on many other factors like management support, employees’ commitment and user adoption, planning and analysis of needs, change management, goals and direction blueprint. A good ERP system can help you reach your objectives. Hence, it’s vital that you get all the support and assistance that you need with regards to the software.
NetSuite ERP offers phone, email, tickets, and training support. It has a blog as well as a resource and knowledge center complete with webinars, product demos, white papers, and data sheets.
SYSPRO also provides the same level of customer support, and a resource library of ERP-focused content, newsletters and blog, FAQs, demos and videos, and success stories.
Sage Intacct, meanwhile, can be reached by phone, email, and tickets. It also provides training and has a knowledge portal stocked with resources and product information.
While all the three ERP systems share common features expected of top solutions, particularly in the area of accounting and finance, NetSuite ERP emerged as the more complete and solid choice when it comes to features and capabilities. It stood out as an all-around ERP solution with its array of tools and functionalities that cover just about every major business function and process. Sage Intacct and SYSPRO are ERP powerhouses and are excellent choices, too. The former is a capable financial management platform, while the latter as a management solution for production and distribution.
If you want to experience all the key features of our top choice you can easily sign up for the NetSuite ERP free demo here.
FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions.