ERP - Enterprise Resource Planning, software that allows small businesses to replace the various information systems, programs, and databases used in the enterprise and start using a single database in an ERP system. ERP software enables the use of essential business functions, such as order processing, production control, and financing. By using one technology platform and enterprise-wide database, businesses can integrate operations and achieve a range of economic, operational, and production advantages. Implementing an ERP system demands careful planning to make the targeted benefits and minimize the risk of project failure.
The advantage of ERP software is that it provides various departments of your company with up-to-date information about its activities. In many small businesses, each unit has its information system, creating databases that other groups cannot access or share data. For example, when an enterprise processes a customer's order, various departments, such as sales, production, and shipment, must re-enter and seek information about inventory levels, lead times, and customer requirements. With ERP, all relevant data is available to these departments, eliminating the need to re-enter data, reducing the risk of errors, increasing productivity, and speeding up order execution time.
Having consistent data improves the speed and quality of business decisions. Your management team can distinguish any potential production bottlenecks that may affect delivery time or productivity levels. Financial managers receive an immediate, up-to-date picture of orders, work in progress, and inventory to improve business planning. Production planning staff can effectively manage inventory levels according to requests and delivery schedules. HR managers can determine the need for recruitment or redeployment according to changing business needs. Managers have an overall picture of their activities to enable them to make productive investment and resource allocation decisions and respond quickly to changes in business opportunities.
SAP Business One
SAP Business One is an ERP for small and medium-sized enterprises that the German company SAP SE sells. As an ERP solution, it aims to automate essential business functions in financials, operations, and human resources. SAP Business One is arranged into 15 functional modules, covering the typical features in a business organization. Each module responsible for specific business tasks on its own but is linked to the other modules where applicable.
NetSuite from Oracle helps manage mission-critical processes, allowing businesses to react to new market opportunities. NetSuite ERP gives companies visibility and control of their business at financials, supply chain management, billing, and more. NetSuite ERP supports back-office operations, including financial, human resources, procurement, orders, inventory, shipping, and billing.
Microsoft Dynamics GP is an ERP software package marketed in North and South America, UK and Ireland, the Middle East, Singapore, Australia, and New Zealand. It is used in many additional countries with partner supported localizations.
Acumatica's Cloud ERP lets you manage your business, review all customer interactions, and obtain proactive business reports and insights from a web-enabled device. Acumatica headquarters is in the USA and other offices located throughout North America, Europe, and Asia.
Odoo is an ERP that includes CRM, e-commerce, billing, accounting, manufacturing, warehouse, project management, and inventory management. There is a community version as Open Source, and also a proprietary "Enterprise" version, which has extra in North America (USA, Mexico), Europe (Luxemburg), and Asia (UAE, India and Hong Kong).
Sage X3 is an enterprise resource planning product developed by Sage Group aimed at established businesses. Automation can be implemented between processes in ERP, such as sales and financial management, to reduce the manual time spent on data entry and tedious communication among departments.
Zoho is not technically ERP but called a Business Operating System – a collection of business processes used in many companies predominantly small to medium businesses. Zoho Corporation is an Indian software development company.
Scoro is an all-in-one business management software that combines project management with time and team management, sales, billing, and professional services automation. The company has offices in London, New York, Tallinn, Riga, and Vilnius.