Best ERP Software Solutions For Businesses in 2018

A comprehensive accounting software
Tally.ERP 9 is the supreme business management software of India that provides services like GST, accounting, inventory, and payroll. It is used by 11 lakh businesses that make it the most popular ERP software solutions. You can even download the free version of Tally.ERP 9, it is economical.  

800+ Centers for Training & Support, 8 Lakh+ Users
Marg provides a complete ERP solution for sales, distribution and manufacturing business. This software helps businesses to control their entire downstream supply chains and also help them manage their chain network.  

CAMS-Exact ERP

Best ERP software for Small Business
CAMS-Exact is the Application Service Provider (ASP) and one of the most popular ERP solution for GST Compliance and Filing GST Returns.  

MMI Xpert - ERP Software

A Unique Solution for every Unique Business
The ERP solution of MMI XPERT is very comprehensive and useful for those businesses which are focusing on significant growth. It offers a complete solution for small and midsize retailers that operate everything from a single store.  

Astral Manufacturing ERP

A Complete ERP solution
To track suppliers, materials and production costs and to support the maintenance of relationships with end customers Astral Manufacturing ERP provides one of the best ERP system. It helps your businesses with planning and execution of manufacturing projects.

Medico Sales & Distribution

Best ERP software
Medico shares a large market in India and across the country in the driven field of logistics and distribution channel management. Medico became favorite with distributors, stockists, and manufacturers of all types of consumer items because of the very responsible design inculcating system.

SAP Business One for SMEs

Best Online enterprise resource planning software
The process of getting SAP does not end with buying an SAP license. The implementation of SAP is the crucial step in the process of getting SAP ERP installed for your business.

Ray Tech Manufacturing ERP

Software BY RAY TECH
The Ray Tech ERP system is a collection of tools, highly advanced business functional tools, to which many other modules can be attached or extended. Manufacturing ERP has numerous components which can be installed as required. Thus Ray Tech ERP provides easy expandability of the whole system.  

StrategicERP

Best ERP Software - Power Of Technology Developed By IITians
StrategicERP is individually designed by IITians to fulfill the needs of Infrastructure Sectors and real estate with the impressive and modularized technological innovation. It offers an end-to-end business solution.  

LOGIC Enterprise

Total Integrated ERP Solution
Logic Enterprise is the discriminatory Enterprise Resource Planning software solution which eases the process associated with Sales and Distribution, Retailing and service, Production and repair oriented business.

Ramco ERP

Post-modern and cognitive ERP software on cloud
Ramco ERP is the cloud-based software that provides cognitive and post-modem ERP solution. It also offers the 360-degree view to analyst and a chat boot to organize daily schedule with lots of ease.  

Oracle ERP

Software BY Oracle Corporation
Oracle ERP can empower your workforce to higher levels of productivity with the latest ERP software. Oracle ERP Cloud is the modern, cohesive and a total cloud application suite which handles products, procurement, and projects enterprise-wide.  

Epicor ERP

Software BY Epicor
Epicor ERP is a global ERP solution which provides swiftness, flexibility and an option to improve customer responsiveness and helps you to reduce cost. Epicore ERP software offers an end-to-end software solution for businesses and enterprises. It is available on cloud as well as on premise.

Microsoft Dynamics NAV

Microsoft certified Gold implementation partner
Microsoft Dynamics NAV helped more than 100,000 companies worldwide by its easy-to-use and very quick enterprise resource planning (ERP) software that manages the account, finance, operations, and supply chain of their business. It is a part of exposition from Microsoft that assist businesses to grow efficiently.  

ERPNext

Online enterprise resource planning software for small and medium businesses
ERPNext is one of the open ERP and a critical foundation of your business that gives you freedom and control of your ERP software.

Page Last Updated On 28/04/2018 11:33


What is ERP?

ERP is used for business process management. It allows an organization to integrate all departments of the business and carry on the process in a hassle-free manner. This is not a hyped concept anymore. It is part of every business and is intended to remain in place for many years to come.

An ERP computer code incorporates the implementation of a good system of the assorted processes of estimation, scheduling, purchase and shipping operations. It also includes the effective integration of customer management and accounting tools for better productivity solutions on the whole. ERP solutions involve the integration of various modules for better management of the enterprise solutions on a highly optimized level for generating higher growth and increased profit for a business organization.

What are the Must - Have features of ERP Solutions

  1. Separate modules for Financial Management, Human Resource Management, Inventory Management, etc.
  2. An excellent user-friendly interface with extremely effective and straightforward steering systems for larger user productivity
  3. Real-time generation of data for better management facilities
  4. Detailed analysis and report generation schemes for critical monitoring and research options.
  5. Extensive database and management solutions with easy query retrieval and update solutions.
  6. Cross-platform synchronization for bigger relevancy over varied interfaces.
  7. Highly secure systems for guaranteed transactional operations.
  8. Easy creation of master data for greater insight into the various operations.
  9. Proper full-time customization of widgets and different integral functionalities for making certain extremely effective and skilled performance levels for the assorted structure resources.
  10. Great reduction in time complexity for better and quicker solutions
  11. Enhanced facilitation of rollback features and auto emailing service for greater response strategy.
  12. 24*7 customer support solutions for greater customer satisfaction and retention on the whole.

What are the Perks of using an Enterprise Resource Planning Software?

An ERP tools vary from business to business and hence the perks or advantages also varies. But below given are some general advantages of using an ERP software in your business. Read On:

  1. Automation 
    What stands out because the most significant of all, once it involves implementing AN ERP system in your business, is that the wonderful automation options provided for the assorted processes. This guarantees greater task manageability and better implementation solutions with easy report generation also. On the entire, automation serves to execute each and every dealings with the utmost ease, so guaranteeing simple knowledge and workflow, and report maintenance.
  2. Reduced Time Complexity
    Compared to the manual implementation of the given process, the use of a highly effective enterprise resource planning software guarantees that very less time is utilized in carrying out the greater number of tasks, therefore making certain faster and quicker ways with higher productivity solutions on the entire.
  3. Reduced Paperwork
    With the implementation of ERP tools, every particular stage of a given process lifecycle goes digital, from the very planning to the final product delivery. All this documentation is presently kept for future analysis functions. Also, it helps in reduced manual work that conjointly serves as a cleaner and greener environment!!
  4. Better Monitoring And Analysis
    Digital documentation of the data helps in better management of the various aspects of the component module strategies of a particular enterprise. This helps in straightforward Report Generation System and higher observation and analysis of the assorted reports for a crucial higher cognitive process within the business.
  5. Highly Efficient Data Management
    Apart from all these perks, one most significant thing about ERP solutions is the extensive database management solutions that the system tends to offer. Also, it creates nice potential for higher security standards with regard to each and every transactional operation, optimized for larger potency on the full.

Why Should you use an ERP System Software in your business?

Basically, ERP tools help in formulating systematic management solutions of the various resources of a particular organization. This helps in generating most money and structural stability for a bigger stand on the economic forefront. Research suggests that around 62 percent of the organizations and the various enterprises which have effectively implemented this particular software in their business have had unprecedented growth in their productivity levels. Also, they need to generate a major 55% increase in their revenue levels once the incorporation of the ERP system in their business.

What can be the Potential Cons of Using An ERP Software

Although the perks or advantages of ERP solutions are substantially solid, there may sometimes arise some problems, or in other words, there can be some potential cons of using this software. Listed below are some of the disadvantages that may follow the integration of this software in your business. Keep them in your mind to avoid them:

  1. Not A Simple Single Software Solution
    An ERP solution differs in the various aspects, considering the fact that business requirements vary to quite a great extent in any given market. Accordingly, the particular software needs to be chosen for implementation. Hence, lack of universal modules in this particular software may pose some sort of disadvantage to some businesses.
  2. Prone To Technical Glitches
    Much as you would like to appreciate the software’s efficiency, it is inadvertently prone to some technical glitches which might cause potential data loss and reduced productivity. For this, constant monitoring of the essential data needs to be maintained along with a scheduled regular backup strategy for the same.
  3. Needs An Internet Connection
    Most modules of the software can be best implemented only if there is a high-speed internet connection. Any lack of this particular part can create a substantial threat to the easy and smooth functioning of the various process modules of the enterprise system on the whole.

What are the things to keep in mind While buying an ERP Tools?

There are several crucial aspects that one must detain mind for creating bound an extraordinarily productive and economic statistics of the given enterprise at intervals the present economic forefront. For this terribly specific reason, one must implement the proper and extremely business compliant enterprise resource designing code for larger affectivity standards on the complete.

  1. Set Your Requirements Straight 
    Research well on the kind of ERP software solution you need to implement in your given business. Take it slow in zeroing-in on some of ERP systems before you finalize on anybody. Don’t be in any hurry and initially create an inventory of all of your needed functionalities and specifications. Narrow down your search for the foremost apt ERP answer on the premise of this list. this can make sure that you get to shop for solely the most effective one for your business.
  2. Better Time Complexity
    Some of the package tends to possess glitches in terms of real time implementation and time complexness problems. Make sure to urge hold of solely that ERP tools which can not solely decrease the time complexness however offer bigger standard implementation on the complete.
  3. Security Standards
    Security is one important feature that needs careful implementation in any business organization. So check that that the ERP software system corporations have ensured enough security layers to stay your steer aloof from any breach of a possible aggressor.

Most of the ERP solutions within the market comes equipped with a heap of functionalities and options. And, with the inclusion of latest technological innovations and extremely artistic solutions, AN ERP software system is destined to quickly take the productivity levels of your business organisation higher. this may ultimately guarantee higher business solutions, and later larger money standards for you on the total. so by currently, it should became terribly clear to you that AN ERP tools can so sway be a extremely valuable plus for your business.

Latest Trends In ERP Software

As every manufacturing ERP has its pros and cons, it also has its trends based on new updates, new releases and consumer demands. Below are the latest trends in the ERP solution industry:

1. Classification of Tier I ERP systems will soon become obsolete

The concept of Tier I, II, and III ERP system and their differences will soon become obsolete and not the system itself. There are so many ERP tools available out there in the market nowadays and not just the big three's – SAP, Oracle ERP and Microsoft Dynamics NAV. There are also open source ERP software like Odoo in the market which is freely available. There are hundreds of options available for all kinds of organizations including big corporations.

2. Gap between ERP implementation success and failure is continuously increasing

ERP implementation failure is increasing continuously and does not seem to reduce currently. Yet, there are many success stories. The differences between success and failure are expected to remain and become more evident. Successful implementations will execute effective project management, organizational change management, and business process re-engineering. Failures in implementations will stop investment in such areas. The differences between the two groups will become more extreme.

3. Cloud ERP is no more an issue

If companies want to migrate their ERP to cloud, it is no more an issue now. There are plenty of options available out there to help companies migrate their ERP to cloud. This trend is expected to continue in the future and will become part of the ERP system instead of just a buzzword. The question now is that which companies would move in this direction and which ones will not.

4. Small and mid-size organizations are increasingly adopting ERP systems

Until recent developments in ERP software, huge corporations had a huge technological advantage over the small and mid-size corporations as only 3 big ERP's were available and that too at a high cost. Now, with the development of SaaS ERP systems, mobile technologies becoming more cost-effective and easy plus quick deployment, small and mid-size organizations are trying to catch up with big corporations. The ‘high cost of ERP tools and CRM software’ days are long gone. Open source ERP's are easily available in the market now, making it accessible to all sizes of business organizations.

5. Cause of ERP failures are exposed by the high-profile lawsuits

The increasing need of an ERP Expert Witness is a reflection of the current trend in ERP implementations. Many organizations are getting trapped in lawsuits, out of which many are high-profile. These high-profile lawsuits are exposing the reasons behind ERP failures and other shortcomings in the industry. The parties and their ERP issues highlight the reasons behind ERP implementation failure and all this tell us how the failures can be avoided!

 Enterprise Resource Planning (ERP) Software Related Articles

ERP software in