Many of our current and future readers have multiple digital transformation initiatives in their plans. Within the digital transformation an ERP is key to make it deep and thus bring the return on investment more effectively.
With this in mind, this guide is created to try to evaluate the best ERP solutions.
This ranking speaks of a worldwide trend and that as you live in a global world you may be interested in identifying with the area and casuistry and thus know what others are using in your industry to make your decision even easier.
Factors to take into account for the ranking of the best ERP in 2023
With this in mind, this guide is created to try to evaluate the best ERP solutions.
This ranking speaks of a worldwide trend and that as you live in a global world you may be interested in identifying with the area and casuistry and thus know what others are using in your industry to make your decision even easier.
Factors to take into account for the ranking of the best ERP in 2023
- How mature the solution is in terms of cloud implementation.
- How flexible the ERP solution is
- How scalable the ERP system is
- What is its market penetration rate
- How easy is it to implement, taking into account effort and costs
- How it integrates with external systems
- How change is managed in the organization and education in the system
- Breadth of partners, integrators and post-sales support
- How long it takes to see the benefits of the ERP solution
Leading ERP companies are constantly growing their flagship solutions to make the move to the cloud as quick and painless as possible.
These changes in terms of the ERP solutions that lead the market, in addition to the fact that cloud-native solutions have reached the necessary maturity, brings us a ranking where the positions are not as clear as they were a few years ago.
In the following points you will see a few of the top ERP solutions that your organization should certainly review, if you are thinking about implementing an ERP enterprise planning system.
No. 5 of the Top 5 ERP: Oracle
Oracle ERP, capable of comprehensive data management for organizations, can be used by companies of all sizes and industries, with a cloud architecture that makes it very accessible. Oracle has all the practical advantages that an ERP should have, it has the industry standards to ensure its quality. The ERP is oriented to automate and streamline all the processes of each department of the organization that implements it.
Oracle provides different modules, among which we can observe the warehouse management, integrates CRM functions for customer management, Finance and accounting, Transportation and logistics, as well as Distribution, Purchasing, Sales and Marketing. All these modules allow to manage the different areas of the company, internally and even externally.
This ERP software performs large projects, manages accounting and financial operations, its online platform is available to perform processes and interactions for many users at the same time, as well as for information and customer service.
No. 4 of the TOP 5 ERP: Workday
Similar to Oracle, Workday was also born in the cloud and has grown from a human resources management system (HCM) to a fully-fledged ERP.
Every day we can see more and more corporations that have customized their Workday so that in addition to people management, it can also perform financial planning, accounting and other common ERP functions.
Workday is one of the ERPs that has grown the most in terms of functions and market share in the last five years. In addition, it has managed to increase in the size of companies in which it was able to provide value, rising to the upper middle level and even being implemented in a few large companies.
The reasons Workday is number 4 on this list is because of how easy it is to integrate, its flexibility in terms of industries, and its growing ecosystem of third-party applications.
No. 3 of the Top 5 ERP: NetSuite
Netsuite was the first ERP in the cloud, unlike Workday and Oracle, Netsuite has always been a fully functional ERP, covering all the modules that can be expected from a solution of this type: Inventory, CRM, finance, HCM and manufacturing.
Ten years ago Netsuite was a must-have recommendation for SMBs and although it is still fully recommended for this size of company, trends can be observed as it is now being implemented by large companies.
Netsuite continues in the process of specialization and diversification to cover the needs of Project Management, forecasting, manufacturing and other functions that were normally only found in larger ERP systems.
No. 2 Best ERP: SAP HANA
SAP HANA has one of the largest market shares in the market today, especially in the world's largest 1,000 companies and large organizations. Although this SAP product is arguably still in the development phase, at every step of the company's migration of SAP functionality and products to the cloud, it is the best solution for large organizations if they want a scalable and standard transformation.
The SAP HANA system offers great potential in terms of real-time indicators, diagnostics and machine learning with artificial intelligence that today are unsurpassed by other similar solutions on the market.
No. 1 of the Top 5 ERP: Microsoft Dynamics 365
Years ago, Microsoft Dynamics' development strategy and product set was nothing short of disastrous. Deciding between such similar solutions as Great Plains, Navision, Axapta and other similar solutions was confusing to say the least, up to and including resellers and integrators.
But it must be said that the Microsoft Dynamics 365 cloud platform now shows a coherent and, above all, very clear corporate strategy.
Despite not being a veteran in the cloud as for example Netsuite, it shows a commendable flexibility and scalability with a fairly simple integration for third-party systems.
From the smallest SMBs to large enterprise organizations are adopting this Microsoft ecosystem with great speed.
Its most notorious weakness is that it still has a very compartmentalized ecosystem, in addition to allowing a lot of flexibility in terms of administration (in Microsoft's solution the most important thing is the system integrator), which can generate unnecessary problems during the digital transformation with the tool, if not well managed.
There is also the possibility that very large companies looking for standard solutions for all departments may not see Microsoft Dynamics as the best solution.
What other solutions that are not in the TOP 5 are industry leaders?
There are multiple solid ERP solutions with excellent implementation in the market, this made it a little more complicated to leave only 5 as the best of this year.
Depending on the market or industry, other leading solutions to consider are briefly listed:
These changes in terms of the ERP solutions that lead the market, in addition to the fact that cloud-native solutions have reached the necessary maturity, brings us a ranking where the positions are not as clear as they were a few years ago.
In the following points you will see a few of the top ERP solutions that your organization should certainly review, if you are thinking about implementing an ERP enterprise planning system.
No. 5 of the Top 5 ERP: Oracle
Oracle ERP, capable of comprehensive data management for organizations, can be used by companies of all sizes and industries, with a cloud architecture that makes it very accessible. Oracle has all the practical advantages that an ERP should have, it has the industry standards to ensure its quality. The ERP is oriented to automate and streamline all the processes of each department of the organization that implements it.
Oracle provides different modules, among which we can observe the warehouse management, integrates CRM functions for customer management, Finance and accounting, Transportation and logistics, as well as Distribution, Purchasing, Sales and Marketing. All these modules allow to manage the different areas of the company, internally and even externally.
This ERP software performs large projects, manages accounting and financial operations, its online platform is available to perform processes and interactions for many users at the same time, as well as for information and customer service.
No. 4 of the TOP 5 ERP: Workday
Similar to Oracle, Workday was also born in the cloud and has grown from a human resources management system (HCM) to a fully-fledged ERP.
Every day we can see more and more corporations that have customized their Workday so that in addition to people management, it can also perform financial planning, accounting and other common ERP functions.
Workday is one of the ERPs that has grown the most in terms of functions and market share in the last five years. In addition, it has managed to increase in the size of companies in which it was able to provide value, rising to the upper middle level and even being implemented in a few large companies.
The reasons Workday is number 4 on this list is because of how easy it is to integrate, its flexibility in terms of industries, and its growing ecosystem of third-party applications.
No. 3 of the Top 5 ERP: NetSuite
Netsuite was the first ERP in the cloud, unlike Workday and Oracle, Netsuite has always been a fully functional ERP, covering all the modules that can be expected from a solution of this type: Inventory, CRM, finance, HCM and manufacturing.
Ten years ago Netsuite was a must-have recommendation for SMBs and although it is still fully recommended for this size of company, trends can be observed as it is now being implemented by large companies.
Netsuite continues in the process of specialization and diversification to cover the needs of Project Management, forecasting, manufacturing and other functions that were normally only found in larger ERP systems.
No. 2 Best ERP: SAP HANA
SAP HANA has one of the largest market shares in the market today, especially in the world's largest 1,000 companies and large organizations. Although this SAP product is arguably still in the development phase, at every step of the company's migration of SAP functionality and products to the cloud, it is the best solution for large organizations if they want a scalable and standard transformation.
The SAP HANA system offers great potential in terms of real-time indicators, diagnostics and machine learning with artificial intelligence that today are unsurpassed by other similar solutions on the market.
No. 1 of the Top 5 ERP: Microsoft Dynamics 365
Years ago, Microsoft Dynamics' development strategy and product set was nothing short of disastrous. Deciding between such similar solutions as Great Plains, Navision, Axapta and other similar solutions was confusing to say the least, up to and including resellers and integrators.
But it must be said that the Microsoft Dynamics 365 cloud platform now shows a coherent and, above all, very clear corporate strategy.
Despite not being a veteran in the cloud as for example Netsuite, it shows a commendable flexibility and scalability with a fairly simple integration for third-party systems.
From the smallest SMBs to large enterprise organizations are adopting this Microsoft ecosystem with great speed.
Its most notorious weakness is that it still has a very compartmentalized ecosystem, in addition to allowing a lot of flexibility in terms of administration (in Microsoft's solution the most important thing is the system integrator), which can generate unnecessary problems during the digital transformation with the tool, if not well managed.
There is also the possibility that very large companies looking for standard solutions for all departments may not see Microsoft Dynamics as the best solution.
What other solutions that are not in the TOP 5 are industry leaders?
There are multiple solid ERP solutions with excellent implementation in the market, this made it a little more complicated to leave only 5 as the best of this year.
Depending on the market or industry, other leading solutions to consider are briefly listed:
- Infor: for the retail, manufacturing and logistics market.
- Ariba: Solution specialized in supply chains and their management.
- IQMS: good solution focused on factories and medium-sized distributors.
- SAP SuccessFactors: one of the most widely implemented in human resources management and associated employee services.
- Plex: one of the most widely used in the automotive industry.
- Epicor: mainly for SMEs that manufacture, distribute or sell retail goods
- Deltek: an ERP solution for the public sector, security and professional services companies
- A3ERP: this software integrates and manages all areas, especially in SMEs.
- Dolibarr: accounting software that integrates ERP and CRM functions in a single system.