Top 5 ERP’s around the globe (% number refers to the market share)
The software industry has seen many software advancements, revolutionary business models and daring corporate decisions which made all the tech enthusiasts and business pundits to look forward in future with high hopes and expectations.
In ERP sect the growth of each renowned company’s 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 when evaluating the best ERP’s.
Our list of top 5 ERP software is a comprehensive list of companies which have taken the ERP game on to another level and are here to reign the ERP industry for years to come.
A German ERP product, best known for its strong automation of financial operations of small and medium enterprises. With SAP Business One, users can choose between cloud system or deploy- on -premise system. Installation and the entire set up takes not more than 8 weeks. The prominent capabilities of SAP includes modules such as accounting, financial management, customer relationship management, procurement, reporting and integrations. This revolutionary ERP system allows to have an effective customer relationship management through lead generation and through providing on-time marketing and sales support. SAP makes the entire purchasing process automated thus optimizing the whole procurement & order management segment.
To top it all off, SAP came out with SAP HANA, it’s primary function is to store and retrieve data. It’s function to storing 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 System, Project Management, Procurement and Customer Relationship Management. Oracle relational database allows the users to use a single tool to collect information and manage processes from the same dashboard however, access of data can be operated through roles and permissions.
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 software. 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 purchases 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. It’s multiple sets of inventory control options manufacturers are able 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.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 able to work with international currencies. The system can be deployed on-site or operated in cloud for a higher fee. This system is widely known due to 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 for its great features,functionality and its faster technology it has made an impact in 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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