A new ERP? Let’s say you need to figure out what ERP-system is the best fit for your organization. That shouldn’t be hard, right? I’m afraid I’ve got some bad news for you. There are more than 250 systems to go over! Choosing the right one can be hard; that’s why we created a list of the top 7 ERP vendors of 2020 for you.
Choosing the right ERP can be hard; that’s why we created a list of the top 7 ERP vendors of 2020 for you. Based on our experience with ERP systems, the list of top 7 ERP software highlights the vendors that our ERP experts found to be active in functionality over a variety of industries, including production and distribution, professional services, retail, and more. Other resources of interest to you might be our blog on Gartner’s Magic Quadrant for Cloud Core Financial Management Suites and our Free shortlist tool including more than 160 vendors. But first back to the top 7 ERP vendors.
Oracle has made its mark on a global scale. The platform is a complex set of applications that can leverage in basic and advanced ways. The acquisition of NetSuite by Oracle is proving beneficial for both sides. NetSuite can develop and offer advanced add-on functionality from the Oracle product suite, while Oracle is benefiting from NetSuite’s leading SaaS methodologies and market presence.
Microsoft has reliable products for small to mid-sized organizations. It is typically a good fit for companies that are already leveraging the Microsoft technology stack (i.e., Microsoft Dynamics). Microsoft is rising and gaining market-share with many pre-configured enterprise processes.
SAP is well known for large, enterprise type organizations. While the solution set can be the longest in duration to implement, it is often explicitly built for the company’s requirements. SAP Business ByDesign is an interesting option for mid-sized companies.
Infor is still emerging as a global, enterprise solution. The platform is a set of applications that can be configured to meet companies’ needs. Many large enterprise type organizations are leveling well with best practice implementation accelerators.
With a European background, IFS has reliable end-to-end functionality. The product is a good fit for large consumer packaged goods companies with a global footprint.
With stable human capital management features, as well as a focus on financial management, the Workday solution is a robust SaaS product that is growing into an end-to-end ERP.
Epicor’s focus for research and development is on future-proofing the investment. Their partnership with Microsoft makes for an innovative solution available to the small-medium cap market.
How to choose the vendor that suits your business best depends on multiple variables. Some of the relevant questions are:
Based on these types of considerations, a vendor may or may not be the best choice for your organization. Read more in our selection section.
When you do a Google search for innovation and ERP and digital core, you will most likely come across multiple websites that focus on innovations like Cloud, Internet of Things, Big Data, Artificial Intelligence, Mobile Apps, and Robotics. Is this focus on innovation just a strive for differentiation of the different vendors, or do these innovations deliver the promised value to your organization?