When companies search for new ERP systems, they often gravitate to the usual suspects. SAP HANA, Oracle Cloud and Microsoft Dynamics 365 are often the first – and sometimes the only – ERP vendors that come to mind.
However, our 2017 Top 10 ERP System Rankings shows that there are many more viable options to choose from. In fact, four slightly lesser known ERP vendors did very well in this year’s rankings. Below are a few of the highlights:
Infor CloudSuite: Ranked #2 ERP System
When combined with its other suite of offerings, Infor CloudSuite finishes just behind SAP HANA, Oracle and Microsoft Dynamics in terms of market share. In addition, the product has been embraced by some larger, Fortune 1000 companies – a space long thought to be owned by SAP and Oracle. In the categories used to rank various vendors in the marketplace, Infor finished strong relative to its peers, including #2 in average implementation duration.
IFS: Ranked #4 ERP System
IFS ERP is even lesser known than Infor, but it beat out some larger and more ubiquitous solutions in the top 10, such as Oracle and Microsoft Dynamics 365. Most notable is the product’s #1 ranking in the product functionality rating, which is a number derived from Panorama’s clients’ assessment of product demos during our software evaluation processes. This is an impressive feat when you consider that larger vendors have more money and resources to invest in R&D. It may be more of a niche product relative to the bigger players, but they are clearly a viable contender in the ERP software space.
NetSuite: Ranked #6 ERP System
As the highest-ranked software as a service (SaaS) solution in our Top 10 rankings, NetSuite is one of the pioneers of SaaS ERP systems. The product has more often been used primarily by smaller organizations, but that is changing as it extends its functionality and proves its scalability for more mid-size to larger organizations. Two of the more surprising metrics as it relates to NetSuite: it finished first in average implementation cost and third in average payback period.
Sage: Ranked #8 ERP System
Sage ERP has been around for quite some time, building a name for itself with its legacy manufacturing ERP systems. In more recent years, it has extended its footprint to provide accounting and inventory management solutions to small and mid-size organizations. Sage finished #8 in this year’s rankings, just behind Microsoft Dynamics. Most notable: the product compares best in terms of average implementation cost and average payback period – two signs that it may be a lower-risk option relative to some of its industry counterparts.
The above findings show that there are plenty of viable options to choose from when evaluating potential ERP systems. It also underscores that fact that, while the top 10 rankings are meant to assist in organizations’ evaluation processes, it is only one data point. Each company needs to consider its own unique business requirements and needs to find the solution with the best fit.