21 ERP system examples & answers to common questions
Enterprise Resource Planning (ERP) systems are becoming an important part of many businesses. However, with all of the different options on the market, it can be difficult to decide which system is right for you or if an ERP system at all is the right fit.
In this article, we will discuss 21 popular ERP Systems and their features.
We will also answer some common questions about ERP Systems so that you can make an informed decision about which system, if any, is best for your business.
Table of contents
- 21 ERP Examples
- What is an ERP System?
- How Does ERP Software Work?
- Why You May Need One
- Disadvantages of ERP Systems
- ERP System Alternatives
- Types of ERP Systems
- Who Uses ERP Systems?
- ERP System Example Modules
- ERP System Benefits
- History of ERP Systems
21 ERP examples
Abas ERP is a software that offers a variety of features for mid-market manufacturing companies. Two of its major selling points are its flexibility and adaptability, and this aspect of the system made it a good fit for customers like German-based ADA Holding GmbH.
This cosmetics company, which has a wide range of products, needed an ERP solution that managed both batch and process manufacturing and custom and small-scale production for their processes.
They found that Abas ERP was up to the task and could manage its worldwide operations.
Acumatica is a cloud-based ERP system that offers a variety of features designed to help mid-sized companies thrive in today’s fast-paced market.
Two perks that set it apart include its future-proof platform and best-in-class business and industry functionality that can be tailored to its unique operations.
This system is a good choice for construction, distribution, retail-commerce, and other industries.
Aptean’s tailored ERP system is built specifically for small to medium-sized manufacturers who build and sell regulated products, making them a good choice for companies in the aerospace & defense, automotive, electronics, and medical device industries.
Features they provide, such as engineering change management, serial number capabilities, and product configuration, all contribute to overall quality and compliance.
The software includes comprehensive process management, quality control, and supply chain capabilities that are designed to help companies improve their overall efficiency and elevate operations.
Cloud-based Aqxolt Cloud is an integrated enterprise resource planning solution that is built on the Salesforce App Cloud.
Its multifunctional application system manages core processes for manufacturing, retail, healthcare, and service industries of all sizes.
From supply to financing, Aqxolt’s built-in system models allow you to streamline and manage every facet of your business operations.
All-inclusive ERP solution provider BizAutomation allows you to automate your entire company in a single SaaS suite.
Suited for small businesses or businesses getting ready to scale, they offer industries of all kinds Big-Tech ERP features at a small-company cost.
Their inventory and non-inventory features function efficiently and accurately across kiosks, multiple warehouses, retail outlets, drop-ship vendors, 3PLs, and pretty much any place inventory is managed.
From planning, scheduling, and inventory control to supply chain management and shipping, DELMIAWorks Manufacturing offers functionality across the whole spectrum of the manufacturing process.
It is particularly helpful for larger enterprises that work across multiple locations and is designed with the needs of manufacturing companies in mind.
What makes the system a standout, however, is how just a single vision for all ERP, manufacturing, MES, and supply chain operations can be used to manage complex manufacturing operations.
Offering cloud and on-premise solutions, this project-centric ERP platform helps all sizes of enterprises increase efficiency and optimize performance.
Their large-scale software package is designed for professional services firms in the architecture, engineering, environmental and other marketing, and consulting industries.
The software provides a complete view of an organization’s projects, people, and finances in one central location to help project managers make more informed decisions and improve communication and collaboration among team members.
Epicor Kinetic ERP software features a modular and customizable approach with robust capabilities that focus on streamlining processes, improving customer responsiveness, and adding value across all sizes of enterprises.
Given its modularity and customization capabilities, it is able to solve a wide range of business issues and needs. Epicor Kinetic is a good choice for companies in the automotive, building supply, distribution manufacturing, and retail industries.
Infor CloudSuite is an agile data-driven ERP platform that focuses on the needs of the manufacturing, service, and distribution industries.
Previously, it was only offered as an on-premise option, but now the company features a cloud version. Their suite has plenty of features to help you with digitally transforming your company.
However, two of their most popular features, according to TrustRadius reviewers, are location management and cost of goods sold.
Kechie is a cloud-based ERP app with numerous modules like customer relationship management, demand forecasting, procurement, and sales order management.
Designed with the SME business in mind, leading industries in distribution, nonprofits, food services, and cannabis & CBD have used Ketchie ERP to streamline their operations and grow.
Microsoft Dynamics is an integrated cloud-based enterprise resource planning system and accounting service that is built for small and medium companies. The system includes modules for financial management, supply chain management, and sales and marketing.
Microsoft Dynamics 365 is a good fit for the manufacturing, healthcare, financial and retail industries. The system also integrates with the web-based SkuVault Core Inventory Management System to help online merchants prevent stockouts, improve efficiency, and reduce errors.
NetSuite is an all-in-one cloud business management software suite that includes enterprise resource planning, customer relationship management, and eCommerce capabilities.
It is a good choice for companies of all sizes in a variety of industries, including education, wholesale distribution, software, manufacturing, electronics, and food & beverage.
NetSuite’s inventory management module can also be fully integrated with the SkuVault Core Inventory Management System, making it a tech powerhouse that can take your business to the next level by easily managing stock levels, optimizing warehouse operations, and fulfilling orders quickly and accurately.
N41 is a premise-based enterprise resource planning system that helps fashion and apparel industries streamline their operations and grow.
They have the quickest order-taking app in the market, and 80+ Brands use the system at MAGIC Fashion Trade Shows all over the country. N41 Apparel ERP eCommerce module works with existing retail and eCommerce stores and integrates with various online store systems that include FashionGo, Joor, Magento, and Shopify.
Odoo is an open-source ERP software that has a wide range of business applications. It offers two enterprise resource planning solutions: Odoo Enterprise and Odoo Community. Odoo Enterprise is a paid solution that comes with additional features, while Odoo Community is free to use.
Two universally liked aspects of Odoo are its flexibility and scalability. Their software is suitable for verticals of all sizes, and it can also be customized to meet the specific needs of different industries.
Rossum is an AI-powered Intelligent Document Processing (IDP) platform that helps businesses of all sizes and industries cut down on the time they spend processing documents by hand.
The software extracts data from invoices, bills, and other financial documents and then converts it into a format that can be imported into an ERP system.
Two major selling points of Rossum are its accuracy and efficiency. The software can accurately extract data from even the most complex documents. It also saves businesses a lot of time by automating the data entry process.
Sage 300 is an ERP software with excellent flexibility that you can get at a fraction of the cost of other ERP systems.
The system lets you do anything from automating your finances to eliminating international business complexity to simplifying your inventory management.
The solution has tons of features and add-ons, and it is also easy to use, making it a good choice for domestic and international businesses that do not have a lot of experience with ERP systems.
SAP is a well-established brand, and its Business One product is an ERP system designed for small and medium-sized businesses.
The software includes modules that manage and streamline financials, human resources, customer relationships, operations, and inventory.
Offering both on-premise or cloud deployment and integrated business intelligence, it is a good choice for companies in the manufacturing, distribution, and retail industries.
Scoro is an all-in-one work management software that helps consultancies, agencies, and professional service organizations automate billing, simplify quoting, streamline projects, and optimize utilization.
It is a good choice for companies that are looking for a system with comprehensive functionality or are looking to transition to a four-day workweek, which Scoro is working on providing as a solution to their clients.
Tipalti is a cloud-based B2B accounts payable automation solution that helps businesses of all sizes automate their AP process. Two things users who have reviewed the software really like are their award-winning best feature set and usability factors.
The software includes features such as invoicing, payments, and expense management. It also offers custom integrations and integrations with popular Accounting & ERP systems, such as NetSuite, SAP Business One, Sage Intacct, and QuickBooks.
Veeqo is an all-in-one inventory management fulfillment platform that helps businesses of all sizes track their inventory and orders in real time. The software includes features such as order tracking, barcode scanning, and inventory forecasting.
Deployment of Veeqo is Cloud, SaaS, and web-based. Built on 30+ shipping and eCommerce integrations, Veeqo is a good choice for businesses that are looking to improve their inventory management process and grow.
Workday is a cloud-based software solution that specializes in developing applications for managing roles in finance, IT, HR, and capital for medium and large enterprises. The system boasts adaptability and ease of use, making it a good choice for businesses that want a user-friendly system that is easy to implement. Their planning system can integrate with any data source or ERP/General Ledger software. Also, their sourcing system works with all ERP, peer-to-peer, and analytics applications.
What is an ERP system?
An ERP system is a software application that helps businesses manage and automate their core business processes. An ERP system typically includes modules for accounting, inventory management, customer relationship management (CRM), human resources (HR), and supply chain management (SCM).
ERP systems are designed to provide a centralized view of information across an entire organization, making it easier for businesses to track their performance and make necessary changes. By integrating all of these various systems into one, businesses can avoid the need to use multiple siloed applications, which can lead to data inconsistencies and inaccuracies.
Moreover, an ERP system is software that unites and integrates various branches in a company, helping them to automate and efficiently manage various aspects of their operations, including financial management, supply chain management, customer relationship management, and human resources.
Likewise, an ERP system can help with solutions such as state-of-the-art technical forecasting.
How does ERP software work?
The main goal of an ERP system is to automate various business processes so that businesses can save time and resources.
An ERP system works in many different ways, depending on the modules and features included. Generally, most ERP systems are designed to be integrated, meaning they can share data and work together with other software platforms to help businesses run more efficiently.
ERP software is made up of modules, each of which addresses a specific business need. For example, the accounting module handles financial data and transactions, while the inventory management module tracks stock levels and helps businesses keep track of their products.
When a business first implements an ERP system, it will typically start with one or two modules that are most relevant to its needs. As the business grows, it can add more modules as needed.
ERP software is designed to provide a single, centralized view of information across an entire organization. This allows businesses to track their performance and make necessary changes quickly and easily.
Do you need an ERP system?
You may be thinking, “My business is small, I don’t need ERP software.” But the truth is that every business can benefit from increased efficiency due to automation.
The main reason you may want to invest in one is that it can automate many of the processes that are currently being done manually. This includes things like tracking inventory, managing financial data, and keeping track of customer information.
They also help businesses manage their operations with flexibility and efficiency, bringing together critical data from various departments in a single system.
Disadvantages of ERP Systems
While ERP systems are modular-based and can be scaled up over time, they are also very complex and costly systems. Your business has a lot going on, and switching any systems midstream is complicated enough. But can you imagine switching nearly all of your systems over to an ERP system?
The work itself of migrating old to new systems is a full-time job on top of keeping your business up and running. Because of this often, organizations will use project managers to keep the process moving.
As mentioned before, ERP systems are costly. According to a recent report, implementation of a new ERP system can cost anywhere from $150,000 to $750,000. While the benefits of ERP systems come from business efficiencies, they have a lot of upfront costs associated.
ERP systems also involve the challenge of training employees on entirely new systems. Because of these disadvantages, you typically see larger organizations use ERP systems while small to mid-sized companies start out with point solutions before upgrading to a larger software.
ERP System Alternatives
Due to the costly nature of ERP Systems, most businesses just getting into using software to run more efficient businesses are better off using point software solutions that address a specific use case.
If you need help seeing what other software could be useful to your business, check out our handy resources below:
- CRM vs. CSM: what’s the difference?
- Inventory management software
- Barcode inventory management software guide
Types of ERP systems
There are three main types of deployment models for ERP systems: on-premise, cloud-based, and hybrid.
On-premise ERP systems
On-premise ERP systems are installed on a company’s own servers and managed by the company’s IT department.
This type of deployment is usually more expensive because it requires the company to purchase and maintain the hardware and software. It can also be more complex to implement and manage.
Cloud-based ERP systems
Cloud-based ERP systems, also called Software-as-a-Service (SaaS) for short, are provided as a service. They are hosted by the software vendor and accessed by users through the internet.
This type of deployment is usually less expensive because it doesn’t require the company to purchase and maintain the hardware and software. It can also be simpler to implement and manage because the vendor takes care of the infrastructure.
Hybrid ERP systems
Hybridized systems are what their name suggests: a combination or hybridization of on-premise and cloud-based deployment models. This type of deployment is usually more expensive than cloud-based but less expensive than on-premise.
It can be more complex to implement and manage because it requires the company to purchase and maintain the hardware and software, as well as manage the vendor-hosted infrastructure.
Which is better?
There is no one-size-fits-all answer to this question. It depends on the specific needs of your business. If you have the resources and expertise to manage an on-premise system, then that may be the best option for you.
The benefit is that you alone own and manage your data. This is a challenge to maintain but by far the most secure option.
If you want a less expensive and less complex solution, then a cloud-based system may be the better choice. And if you want the best of both worlds, then a hybrid system may be the right fit.
It’s important to weigh your business goals against the features and benefits of each platform.
Who uses ERP systems?
ERP systems are used by businesses of all sizes across a wide range of industries. However, they are most commonly used by large businesses with complex operations.
Industries such as manufacturing, retail, and healthcare are particularly well-suited for ERP systems.
Some examples of actual companies that use ERP systems are Coca-Cola, Nike, Samsung, and Toyota.
ERP system example modules
The modules included in an ERP system vary depending on the specific needs of the business. However, there are some common modules that are found in most ERP systems, such as:
- Financial Management: Financial Management modules help businesses manage their finances, including accounting, financial reporting, and budgeting.
- Supply Chain Management: This module helps businesses manage their supply chain, including procurement, inventory management, and order fulfillment.
- Customer Relationship Management (CRM): This module helps businesses manage their customer relationships, including sales, marketing, and customer service.
- Human Resources (HR): An HR module helps businesses manage their human resources, including employee records, payroll, and benefits.
- Project Management: This module helps businesses manage their projects, including project planning, task management, and resource allocation.
- Inventory Management: Inventory management modules help companies manage their inventory, including stock levels, replenishment, and order fulfillment.
- Manufacturing: This module helps businesses manage their manufacturing operations, including product planning, production scheduling, and quality control.
ERP system benefits
You’ve probably been able to deduce some of the benefits of ERP systems throughout this post, but here they are in list format.
Better inventory management
Enterprise Resource Planning solutions can help businesses better manage their inventory by providing real-time visibility into stock levels, orders, and shipments.
This information can help businesses avoid stockouts and overstocks, reducing the cost of inventory and improving customer satisfaction.
Reduced operational costs
ERP systems can help businesses automate and streamline their operations, leading to reduced labor costs and improved efficiency.
In addition, they can help businesses better utilize their resources, resulting in reduced materials and inventory costs.
Improved decision making
If you want to help your business improve its decision-making by providing accurate and up-to-date information, you can’t beat an ERP system. An ERP system can provide a complete picture of your business, including financials, inventory, customer relationships, and more. This information can help you make informed decisions about where to invest your resources.
Integrated information repository
ERP systems can help businesses by providing an integrated information repository. This repository can help businesses store and access all their information in one place, making it easier to find and use.
Boosted productivity and efficiency
ERP systems can help businesses to boost their productivity and efficiency by automating tasks and improving communication between departments.
This can lead to reduced costs and improved profitability. The system can also free up more time for employees to focus on more important tasks and projects.
Improved customer service
The right ERP system can help businesses improve their customer service by providing a 360-degree view of the customer.
This information can help businesses resolve issues faster and provide a better overall experience.
Optimized manufacturing operations
An ERP system can also help businesses stay on top of their manufacturing operations. The system can store information about materials, components, and products.
This information can be used to plan production, track progress, and optimize processes. The system can also help businesses track quality and compliance with regulations.
Real-time information and data
The data available in this type of system is live, which means that businesses can always access the most up-to-date information. This is important for making informed decisions about where to invest resources and how to run operations.
Reinforced data security
An ERP system can reinforce data security by providing a central location for storing information. This information can be protected with access controls and permissions, ensuring that only authorized users can access it.
Reduced IT costs
An ERP system can help businesses reduce their IT costs by consolidating multiple applications into one system. This can lead to reduced hardware and software costs, as well as reduced maintenance and support costs.
Improved scalability
The best ERP systems are designed to be scalable, so businesses can easily add new users and modules as they grow. This helps businesses avoid the need for costly customizations down the road.
Elevated procurement, accounting, and finance capabilities
These modules help businesses manage their procurement, accounting, and finance operations. This helps provide a complete picture of your business finances, helping you make informed decisions about where to invest your resources.
Optimized warehouse and shipping operations
ERP systems can help businesses manage and optimize their warehouse and shipping operations. The system can provide real-time visibility into stock levels, orders, and shipments.
This information can help businesses avoid stockouts and overstocks, reducing the cost of inventory and improving customer satisfaction.
Better asset management
An ERP system can help businesses manage their assets, including inventory, equipment, and property. These platforms can track and store information about assets, helping businesses keep track of their value and location.
Real-time visibility of production processes
An ERP system can help businesses better manage their production operations. The system can provide real-time visibility into production processes, helping businesses identify bottlenecks and optimize their operations.
Human resource management
An ERP system can help businesses manage their human resources operations. The system can store employee information, including contact information, skills, and qualifications. This information can be used to match employees with open positions.
The system can also help businesses track employee performance and compliance with regulations.
Sales and marketing tools
An ERP system can help businesses manage their sales and marketing operations. The system can store customer information, including contact information, purchase history, and preferences.
This information can be used to target customers with specific campaigns and offers. The system can also help businesses track leads and measure the performance of marketing campaigns.
Faster, more accurate reporting
If you want to generate faster and more accurate reports, let your Enterprise Resource Planning solution handle it.
These systems can store information in a central location, making it easy to access the data you need. The system can also generate reports automatically, eliminating the need for error-prone manual data entry.
Improved production planning and coordination
ERP systems can help businesses plan and coordinate their production operations. The system can store information about materials, components, and products.
This information can be used to plan production, track progress, and optimize processes. The system can also help businesses track quality and compliance with regulations.
A more flexible business operation
Modern ERP systems are extremely flexible. Operations are constantly changing, so it is essential to have flexibility built into them. An elastic ERP system allows you to respond to ongoing changes in your operations and regulatory environment.
Elevated quality control
ERP systems can help businesses raise their quality control to new levels by providing real-
time information and data that can be used to improve quality control processes.
In addition, you can also track compliance with regulations and help businesses avoid penalties. Lastly, an ERP system can enable businesses to implement quality management systems such as ISO 9001.
Shared best practices and processes
When you have an ERP system, you can share best practices and processes with other departments and businesses using the same system.
This allows them to benchmark and learns from each other so they can mutually improve their operations.
History of ERP systems
Before ERP systems, there were Material Requirements Planning (MRP) systems.
MRP systems were created by JI Case, a maker of tractors and construction equipment. JI Case worked with IBM to design what is believed to be the first MRP system in the 1960s. Afterward, large companies built MRP systems themselves.
MRP platforms were designed to manage manufacturing operations. They were used for tasks like planning production, tracking inventory, and scheduling deliveries.
These systems had a few disadvantages, though. They were expensive, took a lot of professionals to maintain, and took up a lot of room. Due to this, only large enterprises with budgets for in-house development could afford them.
To bring the benefits and affordability of MRP systems to small and medium-sized businesses, a new type of comprehensive business software was created by large software suppliers, such as Oracle and JD Edwards, in the 80s. This was MRPII, which was renamed ERP in the 1990s.
With the introduction of ERP systems, the manufacturing industry was disrupted. Businesses of all sizes could now afford to have an MRP system. This led to a new era of efficiency and productivity in manufacturing.
The first ERP systems were designed for manufacturers, but over time, the systems were adapted for other industries. Today, ERP systems are used in a variety of industries, including healthcare, retail, construction, and more.
The bottom line
ERP systems offer many benefits to businesses of all sizes. These systems can help businesses improve their production planning, coordination, and quality control.
Most ERP software platforms feature modules for nearly every business department, including finance, marketing, sales, and customer relations.
