Enterprise resource planning (ERP) systems are essential for modern businesses to automate and streamline business processes for optimal performance. ERP systems coordinate the flow of data between a company’s business processes to create a single source of truth.
This blog post will explore 18 ERP system examples to help you find the best solution for your company.
What do ERP Systems do?
ERP systems are software solutions that manage data-driven processes in a company, including:
- Financial management
- Accounting
- Human resources
- Supply chain management
ERP systems store this data in a central hub to ensure all departments have the correct information. They are often used with Financial Planning & Analysis (FP&A) software, which takes historical data from ERPs and combines it with forward-looking data from plans, budgets, and forecasts.
ERP systems typically provide five essential business functions:
- Accounting and finance: ERP systems centralise financial data to streamline tracking and management. This minimises input errors and leverages automated data consolidation to generate financial reports.
- Commerce: ERP platforms provide omnichannel solutions that unify online, in-store, and back-office commerce activities. Some ERP systems offer customer relationship management (CRM) tools to manage customer data and automate sales and marketing.
- Human resource management: With Resource Management, ERP systems consolidate employee data, automate workflows, and improve collaboration for HR teams.
- Supply chain: ERP systems support supply chain management functions, including inventory, warehouse, vendor, and order management.
- Manufacturing industry: ERP systems help manage production schedules, inventory, and quality control.
Types of ERP software
The two main types of ERP software are:
- On-Premise ERP: Installed locally on a company's hardware and servers. These systems offer more control and customisation but require significant upfront investment and maintenance.
- Cloud-Based ERP: Hosted on the vendor's servers and accessed online. Cloud-based ERP systems typically have lower upfront costs, automatic updates, and scalability.
Benefits of ERP Systems
ERP systems offer several benefits to businesses, including:
- Cost savings: Streamlined processes, better resource management, and reduced IT costs.
- Increased productivity: Automation of routine tasks and streamlined workflows.
- Easy collaboration: Centralised database for seamless information sharing.
- Regulatory compliance: Automated data management ensures accurate information for compliance.
- Automation opportunities: Automating tasks like updating records and sending confirmations.
18 ERP System Examples
The following list features 18 ERP system examples.
1. Oracle NetSuite
NetSuite is a cloud-based ERP with expertise in cloud ERP development. NetSuite stands out for its integration with Cube's FP&A software.
Features:
- Integrates finance, supply chain, manufacturing, HR, and eCommerce
- Scalable and upgradable
- Generates reports and role-based dashboards
- Customisable platform
Pricing:
- Custom quotes available
2. Intuit QuickBooks
QuickBooks simplifies tasks such as payroll, inventory, taxes, time-tracking, and invoicing. QuickBooks operates through QuickBooks Desktop or QuickBooks online.
Features:
- Specialised tools and reports for specific business types
- Centralised vendor, inventory, pricing, and customer information
- Advanced inventory tracking
- Sales order and inventory management dashboard
Pricing:
- Simple Start: $18/month/user
- Essentials: $27/month for 3 users plus accountant
- Plus: $38/month for 5 users plus accountant
- Advanced: $76/month for up to 25 users
3. Sage Intacct
Sage Intacct is an ERP system that improves financial and inventory management with real-time reporting. Integrating Sage Intacct with Cube provides financial professionals with a comprehensive view of business performance.
Features:
- Automated invoice generation
- Customisable real-time reports and dashboards
- Automated accounts payable workflows
- Inventory monitoring
- Real-time sales tax calculation
Pricing:
- Custom quotes available
4. SAP Business One
SAP Business One is an ERP that provides companies with real-time visibility into business operations. This system works best for businesses that already use SAP products and data science languages.
Features:
- Streamlined financial tools
- Custom financial reports
- Sales process and customer lifecycle management
- Centralised customer data management
- Automated procurement
- Interactive dashboards and reports
- Mobile access
Pricing:
- Professional perpetual license: $3,213.00 plus annual maintenance fee
- Professional subscription license: $108/user/month
- Limited perpetual license: $1,666 plus annual maintenance fee
- Limited subscription license: $56/user/month
5. Xero
Xero is an ERP tool that gives businesses real-time tracking and reporting. Users can connect their bank account to the Xero application.
Features:
- Bill tracking and payment
- Expense management
- Project management tools
- Centralised customer and supplier information
- Inventory software
- Centralised financial dashboard
Pricing:
- Early: $15/month
- Growing: $42/month
- Established: $78/month
6. Zoho Finance
Zoho Finance integrates Zoho's finance and CRM tools. The suite integrates processes such as invoicing, order management, and accounting.
Features:
- Contact, sales, and purchase management
- Inventory and warehouse management
- Expense reporting
- Subscription management
- Accounting and online payment
- Tax compliance
- Payment pages
Pricing:
- Monthly subscription: $249/organisation/month for up to 10 users
- Annual subscription: $199/organisation/month for up to 10 users
7. FreshBooks
FreshBooks is a cloud-based accounting software that automates invoicing, bookkeeping, and time-tracking. The software is a suitable ERP solution for freelancers and professionals.
Features:
- Billing and payment features
- Financial reports, expense tracking, and bookkeeping
- Client and project management
- App integration
Pricing:
- Lite: $19.00/month
- Plus: $33.00/month
- Premium: $60/month
- Custom pricing
8. Microsoft Dynamics 365
Microsoft Dynamics 365 is a cloud-based ERP system that helps businesses manage finances, operations, sales, and customer relationships. The software comprises 14 different applications, including Dynamics 365 Commerce and Dynamics 365 Finance.
Features:
- Cash flow tracking and forecasting
- Self-service analytics
- Data integration
- Task automation and prioritisation
- Tax compliance
- Global compliance
Pricing:
- Priced per application
- Dynamics 365 Human Resources Self Service app: $4/user/month
- Dynamics 365 Customer Insights: $1,700/tenant/month
9. SAP ERP
SAP ERP is a suite of applications that helps organisations manage their finances, HR, manufacturing, sales, and customer service processes. The system is known for its functionality and scalability.
Features:
- Asset maintenance planning and scheduling
- Accounting and financial close process streamlining
- Production planning
- Project oversight
- Product lifecycle management
Pricing:
- SAP/S4Hana: $200/month
- SAP business by design: $150/month
- SAP business one: $5,000/month
10. Deltek
Deltek is a project-based ERP system designed for architecture and engineering firms. The system provides project management, accounting, and business intelligence tools.
Features:
- Project, people, and finance management
- Cloud-based access
- KPI monitoring
- Interactive dashboards
- Management for multiple companies, currencies, and languages
Pricing:
- Deltek Maconomy: $10-200/user/month
- Deltek Vantagepoint: $30/user/month
- Deltek Workbook: $27/user/month
11. Multiview ERP
Multiview ERP unifies information into a central database. The software breaks down data silos and automates accounting processes.
Features:
- Multi-entity financial visibility
- Automated payment processing
- Custom reports and dashboards
- Automated invoice approvals
- Inventory and procurement streamlining
Pricing:
- $999/year (estimated)
12. Acumatica Cloud
Acumatica Cloud is a cloud ERP system that provides financial support, project management, procurement, and inventory management. The system offers add-ons such as CRM and HR modules.
Features:
- eCommerce platform integrations
- Construction-specific features
- Production and financials insights
- Inventory optimisation
- Warehouse operation enhancements
Pricing:
- Custom quotes available
13. Oracle ERP Cloud
Oracle ERP Cloud is a comprehensive ERP system that offers financial management, HR management, manufacturing planning, and supply chain management. The system is scalable and comes with Oracle support.
Features:
- Accounting and financial oversight tools
- Purchase order lifecycle management
- Project planning and monitoring
- Automated business processes
Pricing:
- Base: $625/month
- Minimum user requirement (10 users): $75,000/year
14. Syspro
Syspro focuses on the manufacturing and distribution industries. The software aims to provide solutions for managing and supporting business processes.
Features:
- Production planning and scheduling
- Supply chain management
- Manufacturing process monitoring and control
- Inventory management
- Manufacturing cost control
Pricing:
- $199/user/month
15. TallyPrime
TallyPrime is business management software that streamlines processes like invoicing and payroll. The software enables users to automate business processes.
Features:
- Invoice creation and recording
- Inventory management
- Business reports
- Cash flow optimisation
Pricing:
- Single-user perpetual license: $630
- Multi-user perpetual license: $1,890
- Developer Silver: $360/year
- Developer Gold: $1,080/year
16. Epicor
Epicor iScala is an ERP system that manages different business aspects, including financials, operations, sales, and customer service. The system is suitable for small and medium-sized businesses (SMBs).
Features:
- Financial management
- Service and supply chain management
- Logistics, warehouse, sales, and purchase process streamlining
- Manufacturing process optimisation
- Asset management
Pricing:
- Subscription licenses: $2,000- $10,000/month
- Perpetual licenses: $100,000- $500,000
17. Odoo
Odoo is a suite of open-source business applications that serves various company needs, including ERP, CRM, eCommerce, and CMS. The system is available on-premise and cloud-based.
Features:
- Financial management
- Project planning
- Automated invoicing
- Warehouse and inventory management
- Manufacturing process management
- Marketing campaign automation
- Online sales integration
- CRM system
Pricing:
- Odoo community: Free
- Odoo standard: $24.90/user/month
- Odoo custom: $37.40/user/month
18. Extensiv
Extensiv is a fulfillment technology company that aims to transform warehouse and fulfillment operations. The platform supports brands and third-party logistics providers (3PLs).
Features:
- Unified information
- Distribution process optimisation
- Shopping channel integrations
- Automated inventory management
Pricing:
- Merchant: $39/month
- EDI merchant: $99/month
- 3PL (integrations only): $99/month
- Master account: $199/month
What are the differences between ERP systems and FP&A software?
While often used together, ERP and FP&A software have distinct functionalities.
ERP systems: Integrate core business processes into one system, aiming to automate day-to-day operations across departments, such as finance and HR.
FP&A software: Designed for financial planning, budgeting, forecasting, and analysis within finance departments, supporting strategic financial decisions and performance evaluation.
What's an example of an ERP system?
Some prime examples include Cybooks, which is tailored for professional services firms, as well as Oracle NetSuite, SAP Business One, and Microsoft Dynamics 365. These platforms are designed to streamline processes, improve efficiency, and support informed decision-making, helping your business stay competitive in today's market.
When to use ERP software
Companies should use ERP software to:
- Centralise data and processes.
- Enhance operational efficiency
- Improve decision-making
- Support growth and scalability
- Ensure regulatory compliance
- Boost customer satisfaction
When to use FP&A software
Businesses should use FP&A software to:
- Access specialised tools for financial planning, analysis, forecasting, and budgeting.
- Streamline budgeting processes.
- Monitor performance in real time.
- Gain financial insights.
- Support collaboration between teams.
- Enhance reporting with customisable tools.
- Manage complex financial data.
Choose the Right ERP System For Your Needs
ERP systems are essential for integrating and streamlining core business processes. When choosing an ERP system, consider integrating it with Cube to gain comprehensive planning and analysis capabilities.
