The Best ERP Systems for Growing Businesses in 2024

As businesses scale and grow, multiple functions and departments come into being. Managing all the different functions of a growing business requires strategic planning and management. This is where top ERP systems come into play. An enterprise resource planning and management software will help all your teams manage several tasks in an organized manner. Modern ERP systems further leverage Web 4.0 to ensure connectivity across all functions and systems, providing businesses with one central hub where all activity can be monitored and managed.

Enterprise resource planning solutions are now mainstream across businesses. The global cloud ERP market is projected to be worth $57.17 billion in 2024 and reach $181.04 billion by 2032, exhibiting a CAGR of 15.5%. However, the prevalence of a large number of ERP software in the market presents a challenge for growing businesses, especially small e-commerce players looking to scale. It is difficult to pick and choose the best ERP systems that fit your unique needs.

To help you with comprehensive business accounting processes and data management, ERP software solutions address this problem. In this detailed guide, we deep dive into the top 10 ERP systems in 2024. We also help you understand what makes an ideal ERP system and how to choose the best one for your business. Let’s dive right in.

What Are ERP Systems?

An ERP system is designed to help organizations across different verticals and industries manage all the different business functions and processes in one place. Omniful’s AI-powered ERP solutions, for instance, help businesses automate tasks and streamline supply chain management and business processes across the supply chain via software like order management (OMS), warehouse management (WMS), transportation management (TMS), and more.

The best ERP systems bring several notable benefits to your core business processes:

• Improved Efficiency: The top ERP programs automate routine tasks and workflows across organizations. This directly results in higher productivity as employees can focus on strategic and important decisions.
• Centralized Data: Data is crucial to all software systems today. Using the best ERP software means all your essential data is in one place. Ensuring that all disparate systems are interconnected, enterprise resource planning software gives you visibility into all your processes from one platform.
• Reduced Costs: The best ERP programs help you automate tasks and reduce cost inefficiencies. With streamlined processes, companies can save time and resources and even gain higher revenues.
• Better Strategic Decision-Making: Thanks to the various features provided by the top ERP systems today, businesses gain visibility into business processes. With custom dashboards, reporting, and analyzing every business function, managers and key stakeholders can make more informed decisions to drive growth.

The Top 5 Best ERP Systems You Need To Know About in 2024

If you want to expand your business and are confused about the next best ERP software program to invest in, we’ve got your back. Check out this list of the top ERP software providers and systems that provide multiple benefits and can grow with you.

Top 10 Best ERP Software Systems for 2024

Since there is no dearth of great ERP software businesses can access today, picking the right option for your business can be overwhelming. To help you along, here we compile the top 10 best ERP application programs in the market today:

1. Omniful

Not all resource planning ERP software softwares are created equal. Look no further if you need a comprehensive resource planning ERP software solution for your supply chain and logistics business needs. At Omniful you get several benefits with our top enterprise resource planning software. Here are some key features you need to look at:

• Increased Efficiency: Streamline all orders with a 40% increase in efficiency.
• Improved Real-Time Visibility: Gather all relevant data to gain visibility across the supply chain.
• Warehouse Management: Handle all orders, improving fulfillment by 75%.
• Rule-Based Configurations: Increase inventory accuracy by 100%.
• Instant Integrations: Connect to existing systems, increasing revenue by 30%.

Core Problems Solved: Top ERP solutions like Omniful enhance fulfillment speed, and compliance management, reduce stock discrepancies, and manage customer interactions to ensure smooth business operations from procurement to delivery.

Pricing: Available upon request.

2. Microsoft Dynamics 365

One of the top ERP programs in the market today, Microsoft Dynamics 365 (along with Microsoft Dynamics CRM) is a cloud-based enterprise resource planning software with AI-driven insights via Copilot. It offers flexibility across sales and other operations for mid-sized to large enterprises. Its customizable modules cover financials, operations, customer service, and more.

• Key Features: AI-driven insights, CRM, cloud integration.
• Pros: This is a powerful top ERP system with easy integration across all Microsoft Office products.
• Cons: This system offers higher TCO for small businesses. Users also mention that it’s a complex system with a steep learning curve.
• Pricing: Starts at $70/user/month.
• Ratings: 4.5/5 on G2 and Capterra.

3. SAP ERP System

SAP remains a leader in the context of ERP programs in the market today. Several SAP offerings including SAP S/4HANA ERP solution, Business One, and Business ByDesign, serve the ERP space across different industries.

The SAP S/4HANA ERP solution boasts a robust platform for supply chains and logistics that caters to large enterprises. Known for its scalability, seamless integration and comprehensive analytics, SAP is ideal for global businesses.

• Key Features: Advanced reporting, supply chain optimization, compliance tracking.
• Pros: This is one of the top ERP software systems for international trade, compliance, and asset management.
• Cons: This ERP solution has a steep learning curve with high TCO and training requirements.
• Pricing: Available upon request.
• Ratings: 4.3/5 on Capterra.

4. Oracle ERP System

Oracle ERP is a top ERP system renowned for its robust, financial accounting and management tools and project management capabilities. This system excels in automating accounting and finance management processes and improving reporting accuracy.

• Key Features: Comprehensive finance tools, procurement, and project management.
• Pros: This feature-rich ERP solution offers flexibility, analytics, and more.
• Cons: It can be expensive for small businesses and often struggles with integration across platforms.
• Pricing: $175/user/month.
• Ratings: 4.4/5 on G2.

5. Sage ERP

Sage is one of the best ERP programs, offering a solid mid-market solution with extensive financial management, payroll, human resources, capital, and human resources management, and compliance features. Its intuitive interface makes it suitable for businesses of all sizes.

• Key Features: Payroll, financial reporting, tax compliance.
• Pros: The Sage X3 ERP can scale across multiple lines of business.
• Cons: This ERP solution may lack the advanced features large enterprises need.
• Pricing: $85/user/month.
• Ratings: 4.2/5 on Capterra.

6. Salesforce Customer Relationship Management (CRM)

The market leader in sales lifecycle management, this is one of the best enterprise resource planning software solutions in the market today to manage customer relationships. Primarily known for CRM, Salesforce has added ERP-like features. This makes it an excellent tool for managing customer relationships and sales pipelines in growing companies.

• Key Features: Customer management, marketing automation, customizable dashboards.
• Pros: This ERP software is excellent for customer-focused businesses.
• Cons: Salesforce may lack full ERP functionality for business processes outside of sales and marketing.
• Pricing: Available upon request.
• Ratings: 4.6/5 on G2.

7. Odoo

Odoo is an open-source enterprise resource planning software that allows businesses to customize their platforms extensively. It’s an affordable and comprehensive business management solution, for small to mid-sized companies.

• Key Features: Modular structure, customizable features, low cost.
• Pros: This is one of the best ERP systems for small companies looking to save costs. It is also customizable and user-friendly.
• Cons: Since this ERP is open source, it requires technical expertise for customization.
• Pricing: $25/user/month.
• Ratings: 4.2/5 on G2.

8. Syspro

Syspro is a top ERP software with tailored solutions for manufacturers and distributors. It offers industry-specific solutions to streamline procurement, production, and other inventory management processes.

• Key Features: Manufacturing management, industry-specific modules.
• Pros: This ERP solution provides advanced inventory management, along with forecasts and cost estimates.
• Cons: Since this ERP solution is industry-specific, it cannot be used for HR, admin, or other business functions.
• Pricing: Available upon request.
• Ratings: 4.3/5 on G2.

9. Acumatica

One of the top three ERP systems on-premise for small businesses, Acumatica’s ERP cloud-based xRP platform is highly customizable and modular. A flexible and scalable cloud-based ERP system, Acumatica excels in cloud-based applications, making it perfect for businesses wanting a system they can access from anywhere.

• Key Features: Cloud ERP, mobile access, advanced reporting.
• Pros: This ERP system offers a user-friendly interface with reporting and analytics abilities.
• Cons: This ERP may not work for large enterprises with more complex needs.
• Pricing: Available upon request.
• Ratings: 4.5/5 on Capterra.

10. Katana Manufacturing ERP

Katana is one of the top ERP programs built explicitly for manufacturing businesses. It is designed from the materials requirement planning (MRP) perspective of inventory management. It is business intelligence that helps companies manage production, inventory, and supply chain processes effectively.

• Key Features: Real-time inventory, production planning, shop floor control.
• Pros: This ERP helps manufacturers with end-to-end planning.
• Cons: This ERP is expensive, with its entry-level essentials package capped at 500 shipped sales order lines monthly. The advanced and professional plans also require an added implementation fee.
• Pricing: $99/month.
• Ratings: 4.4/5 on G2.

How to Choose the Right Enterprise Resource Planning System For Your Supply Chain Management Needs

When evaluating the best of ERP software provider for your business, you must consider some key aspects.

• Scalability: Ask if the ERP system can grow with your business.
• Vendor Reputation: Find out if the vendor has a proven track record of success.
• Implementation: Find out how long the ERP system takes to get up and running.
• Customization: Can your preferred ERP be tailored to meet your unique needs?
• Support & Maintenance: Find out what kind of ongoing support is available.
• User-Friendliness: Is the ERP interface intuitive, minimizing the need for extensive training?
• Cost: Factor in upfront fees, implementation costs, and ongoing maintenance.
• Security & Compliance: Find out if the security features are robust and the ERP system complies with industry regulations.
• Cloud-Based Solutions: Select ERPs that are cloud-based for greater flexibility and scalability.
• Core Functions & Integrations: Ensure the ERP integrates seamlessly with your existing tools and covers essential business functions.
• Reporting & Analytics: Advanced reporting capabilities are essential for strategic decision-making.

Get Started With One of The Best ERP Systems Today To Grow Your Business

Selecting the best ERP application is a crucial decision for growing businesses. A suitable and robust ERP system will streamline business operations further, reduce costs, and boost productivity. Take the time to evaluate your options, considering scalability, customization, and cost. To learn more about Omniful or request a demo, contact us today.

FAQs

1. What are the different types of ERP systems?
   The different types of ERP software and systems include cloud-based, on-premise, and hybrid cloud based ERP software and systems.

2. What are the most common ERP modules?
   The most common ERP modules are finance management, HR or human capital management, resources, inventory, procurement, and sales.

3. Why are ERP systems important for growing businesses?
   ERP systems are important for growing businesses because they streamline operations, reduce costs, and improve decision-making.

4. Can small businesses benefit from ERP systems?
   Yes, all small and medium businesses and businesses can benefit from ERP systems, as they can be scaled to fit businesses of all sizes.

5. How long does it take to set up an ERP system?
   The time it takes to set up an ERP system varies, with implementation times ranging from a few weeks to several months.

6. Are ERP systems customizable and secure?
   Most ERP systems offer customization options and have robust security features.