Organizations evaluating ERP software have hundreds of systems to choose from. To give you an idea of how many there are, we track more than 250 systems in our internal ERP vendor database.
Clearly, the ERP comparison process can be daunting, which is why we developed our 2022 Top 10 ERP Systems Report. Based on our experience with hundreds of ERP systems, our list of top 10 ERP software highlights the vendors that our ERP experts have found to be strong in functionality across a variety of industries, including manufacturing, distribution, professional services, retail, government, and more.
To learn what these top ERP systems have to offer, continue reading for an overview of each vendor as well as ERP selection advice.
Overview of the Top 10 ERP Vendors
Our report provides more specific details, but below is an overview of the top products from these top ERP vendors:
The SAP systems featured in the report include SAP S/4HANA, SAP Business One, and SAP Business ByDesign.
SAP S/4HANA provides embedded analytics, machine learning, and robotic process automation, while SAP Business One is a solution that fully integrates with this platform but is designed for small to midsized organizations. SAP Business ByDesign is another product designed for small to midsized organizations. It is a single cloud solution with pre-built processes and real-time analytics.
Recently, SAP has been reducing complexity in its software and implementations. They’ve done this by focusing on industry-specific models and moving away from heavy programming to increased software configuration.
For example, they are moving many clients from SAP ECC (an on-premise system) to SAP S/4HANA (a cloud system).
The Oracle system featured in our report is Oracle Fusion Cloud Supply Chain & Manufacturing.
It is an integrated applications suite that provides a complete picture of your finance and operations. It includes blockchain and IoT capabilities that connect your operational, customer, product, and machine data.
Oracle provides solutions for a variety of industries. The vendor’s customer base includes many data-rich clients that tend to invest in analytics and infrastructure, as well as tools like artificial intelligence and machine learning.
Many of these clients are moving to Oracle’s new cloud offerings.
The Microsoft systems featured in our report include Microsoft Dynamics 365 Supply Chain Management and Dynamics 365 Business Central.
Supply Chain Management includes mixed-mode and complex manufacturing capabilities as well as a full suite of warehouse management capabilities. Business Central is designed for small and midmarket businesses and can be extended with industry-specific applications from the Microsoft AppSource marketplace.
Over the last several years, Microsoft has put significant effort into developing its Dynamics CRM solution, which has integration and commonalities with the Dynamics 365 ERP solutions.
A fun fact about Microsoft is that the vendor tends to frequently rely on value added resellers (VARs). In fact, one of our clients, a Native American community, was looking for an ERP system, and they worked with a Microsoft VAR specializing in tribal government ERP systems.
The Infor systems featured in our report are Infor’s industry-specific CloudSuites.
These CloudSuites provide pre-built industry capabilities and include AI that anticipates, recommends, and derives insights. The CloudSuites also provide cloud-enabled data aggregation and workflow integration.
Recently, Infor has increased its focus on its CloudSuites as well as its digital platform, functional apps, and analytics offering. We have found that many organizations are using Infor’s analytics capabilities to change their company’s business model.
The NetSuite system has cloud-native architecture. It’s an all-in-one cloud solution that provides real-time visibility into your organization’s operational and financial performance. With applications for everything from accounting to warehouse management, the solution is designed for organizations of all sizes.
The IFS system is tailored for the aerospace & defense, engineering, construction & infrastructure, energy, utilities & resources, manufacturing, and service industries. It is a single solution designed for large enterprises and mid-sized organizations that includes artificial intelligence, augmented reality, and machine learning capabilities.
The SYSPRO system includes industry-specific functionality for manufacturers and distributors across a group of selected industries. While it is a single solution, organizations can choose from several different types of software, including, but not limited to, Distribution Management software and Manufacturing Management software. Both of these allow low or no code tailoring and customization, specifically in the area of business intelligence.
SYSPRO has a strong market presence in Europe and is making inroads into the U.S. market.
The Rootstock system was developed on the Salesforce platform and provides a single solution for manufacturers, distributors, and supply chain companies. It includes financial management capabilities with multi-company, multi-currency, and consolidated reporting capabilities. In addition, it supports multi-mode manufacturing, engineering change control, inventory management, and eCommerce connectability.
Acumatica, like NetSuite, has cloud-native architecture. This cloud-based ERP solution is designed for small to mid-sized businesses. It provides a full suite of integrated applications, including financials, distribution, manufacturing, project accounting, field service, retail-commerce, construction, and CRM.
The solution allows native integration to BigCommerce and Shopify and enables you to add capabilities as your business grows.
DELMIAworks (formerly known as IQMS)
The DELMIAworks product is a comprehensive manufacturing ERP and manufacturing execution system (MES) specifically designed for mid-market manufacturers. Both discrete and batch process manufacturers use the solution, which includes functionality for the entire manufacturing process. A key feature is the touchscreen-based shop floor interface with configurable work center dashboards.
2022 Top 10 ERP Systems Report
This report is relevant to organizations across industries and outlines the top ERP vendors that we believe will help organizations prosper in 2022.
What is ERP Software?
Enterprise resource planning (ERP) software is used by organizations to integrate and organize the data necessary for front office and back office operations. ERP solutions integrate organizations’ key operations into one integrated system.
When properly implemented, an ERP solution increases organizational efficiency, performance and profitability. In addition, ERP can help organizations achieve the benefits of digital transformation.
Tips for Selecting an ERP System
1. Outline Specific Benefits Your Organization Wants to Realize
ERP projects often deliver minimal benefits because they are not aligned with the organization’s strategic goals. We recommend clearly defining your goals so you can evaluate software based on its ability to support these goals.
For example, if your organization wants to improve its customer service, one of your ERP requirements might be the ability to automatically order inventory when it reaches a certain level and automatically update this information for the sales department. With this functionality, the sales department would be able to quickly and easily provide customers with a realistic delivery date, thus improving the customer experience.
(It’s important to find customer relationship management (CRM) functionality that improves the customer experience. If you’re determining what CRM functionality and reporting capabilities your organization needs, you may find our ERP vs. CRM blog post helpful.)
Many of the vendors in our report provide ERP software systems with strong reporting capabilities that ensure data consistency across departments and enable real-time data insights. When scheduling ERP demos, we recommend asking vendors to demonstrate their reporting functionality in a test case, using your data.
2. Understand ERP Market Lingo
This is especially important when you’re talking about buzzwords, like artificial intelligence (AI) and IoT, because different vendors have their own definitions of these terms.
While some vendors consider AI to be a system that autonomously learns and solves problems, other vendors may simply consider AI to be an automated workflow. It’s important to understand what a vendor means by AI because the most advanced AI is typically expensive and complicated to fully integrate.
Large organizations with the money and resources to invest in AI may achieve long-term ROI, but smaller organizations may not be able to wait this long for a payoff. For these organizations, integrating a niche application – such as robotic process automation (RPA) technology – with their main ERP, may be a better option.
Another type of niche application, besides RPA, that many small to mid-sized organizations implement is specialized cash applications. These applications can automate financial management processes, like the process of receiving a payment from a customer, applying it to the most recent invoice, entering it into the system, and processing checks for validation. These applications are designed to learn and improve over time.
While AI is exciting, it’s not right for every organization. We recommend only implementing the technology that aligns with your short-and long-term organizational strategy.
3. Seek External Guidance and Support
Many organizations face resource constraints when building an ERP project team to assist with software selection. There are several ways to address this challenge depending on your unique situation:
- If your organization doesn’t have sophisticated internal IT resources, consider hiring external IT resources.
- If your organization already has sufficient internal IT resources, focus on backfilling these roles with temporary contractors.
- If your organization has identified an ideal ERP project manager, but he/she is having difficulty balancing their day job with the project, you may want to backfill their day job. Strong ERP project management is important, and an internal project manager has the intel necessary to make difficult decisions when your team faces challenges.
- If your organization lacks ERP selection experience, then hiring an ERP consultant is beneficial. They have lessons learned from implementing ERP systems for organizations across a variety of industries.
What Does This Mean for Your ERP Selection?
These tips along with our top 10 ERP comparison are only the starting point to selecting the right ERP system. More ERP selection tips can be found in our ERP Selection Guide.
Your organization ultimately needs to decide what section criteria are most important, then narrow down your options based on these criteria. This may or may not lead you to consider one of the top ERP systems from this year’s list.
Panorama’s ERP consultants have helped hundreds of organizations select the right ERP system and develop an effective ERP project plan. Contact us below and be sure to download our 2022 Top 10 ERP Systems Report.