Top 5 ERP systems around the globe (% number refers to the market share)
In the ERP industry the growth of each vendors market share and overall advancements are very unpredictable. In most cases evaluating the previous year’s achievements and a software’s overall functionalities are taken into account while evaluating the best ERP systems.
Our list of top 5 ERP software is a comprehensive list of companies which have taken the ERP game on an another level and are here to reign in the ERP industry for years to come.
SAP is a German ERP product, best known for its automation of financial operations of small and medium enterprises. With SAP Business One, users can choose between cloud system or deploy an on -premise system. Installation and the entire set up takes not more than 8 weeks. The noteworthy functionalities of SAP includes modules such as accounting, financial management, customer relationship management, procurement, reporting and integrations. This ERP system allows to have an effective customer relationship management through lead generation and on-time marketing and sales support. SAP has the entire purchasing process automated for their customers making the procurement & order management process straightforward.
To top it all off, SAP came out with SAP HANA bearing the functionality to store and retrieve data. It’s functions to store data in main memory rather than on a disk allows quicker data access, faster query and processing. Apart from that it gives advanced analytics, ETL (extract, transform, load) ability and an application server.
In recent years, SAP Enterprise Resource Planning was enabled to run on the HANA platform making SAP a powerful ERP all-together.
Oracle’s E-Business Suite is a compilation of several Oracle applications designed for effective finance management. Oracle covers multiple operational modules like, Supply-chain management, Human Resource Management , Project Management, Procurement and Customer Relationship Management. Oracle's relational database allows the users to use a single tool to collect information and manage processes from the same dashboard although access of data can be restricted through roles and permission functionality of the system.
Sage Intacct is a recognized ERP software by AICPA as a top ERP provider to CPAs. It’s default dashboard is easier to use for those who have experience working on other accounting softwares. Sage has the capacity to serve many industries other than just manufacturing. Sage users have seen lower revenue leaks by effectively projecting project costs. It can also manage multiple currencies and taxes automatically. The software can be integrated with any e-commerce platform making online purchase and different e-commerce related services secured and easier.
Infor is said to bring order into complex manufacturing process. With advanced functionalities, Infor provides speed, efficiency while stopping delays. Its multiple sets of inventory control options allows the manufacturers to produce and deliver their products on time. It allows users to adhere to regulations and standards, reduce waste and allows testing of procedures for manufacturing and supply chain systems. Run on SQL server, Infor Visual is fit for operating any kind of business operations.With Infor, cross- selling becomes easier and maintenance of multiple branches are done effortlessly. Infor Visual enables global deployment and allows performance monitoring from any device and location.
Microsoft Dynamics 5%
Microsoft Dynamics specializes in industries like distribution, government, retail and so on. The main functionality of the system is based on financial management, but the system can be used for sales, project management, human resource management. For greater usability, this system supports various languages and furnished with international currencies. The system can be deployed on-site or operated in cloud for a higher fee. This system is widely used for its integration ability with Word, Excel, and Outlook and it is also offered to Windows, Android, and iOS users.
Although PrismERP does not belong to the top 5 ERP systems but its scalable features, functionality and technology it has made an impact in the global ERP market. It covers 35 types of industries by providing 20 solutions.
Some of the functionalities mentioned above can be found in PrismERP which is tabulated below in a checklist.
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