ERP generally describes a modular software solution that incorporates the financial side of the business and then adds closely integrated app modules that address other areas of the business, including customer relationship management (CRM), supply chain management (logistics), business intelligence (BI), Materials Resource Management (MRP), which includes capabilities such as Just-in-Time (JIT) Inventory, point of sale (POS), fixed asset management, and even project management.
In essence, ERP is a systemic approach to managing the entire enterprise, not just its finances. And, by integrating all of these modules into a single, cohesive whole, customers can gain new insights and create new processes that weren’t possible using separate tools.
For example, most ERP systems also enhance accounting and overall management by adding features or capabilities to enhance a basic payroll tool into a more comprehensive human resources (HR) management framework, or to expand inventory management to more closely adapt to the specific type of business the customer operates, such as companies that center around warehousing or distribution.
We test and compare 10 leading enterprise resource planning (ERP) solutions that can help your business manage its resources and optimize performance, efficiency, and productivity.
1. Oracle NetSuite OneWorld
2. Acumatica Review
3. Syspro Review
5. Cougar Mountain Denali Summit
6. Open Systems Traverse
7. SAP Business One Professional
8. Epicor ERP
9. Sage 300
10. Microsoft Dynamics 365 for Finance and Operations, Business Edition
Content Credit : PCMagazine