Enterprise resource planning software, or ERP software, is a tool that integrates multiple aspects of a business, such as HR, accounting, manufacturing, distribution, etc. This enables easy flow of data between these departments, improved collaboration, accurate data reporting, and better insights, increasing productivity and profitability. If you’re looking for ERP software, you’ve landed on the right page. Read on to learn how to choose a suitable ERP software and the best options available.

How to choose the right ERP software?
The right ERP software can transform your business. So, it’s better to choose after careful deliberation with multiple department heads, management, and developers regarding what kind of tool the company needs based on its future goals. While doing so, evaluate how the ERP can be integrated with your current IT infrastructure. You may shortlist multiple options and compare the cost, implementation and training, upgrades, and maintenance. While choosing, pick one that can be customized to be of maximum advantage to the company.

If confused, the best thing to do is talk to colleagues and others from your network to check if they use ERP and what they would recommend. You might come across software that may not be popular in the market but suits your industry and company.

Best ERP software
To make your job easier, here are the top seven ERPs that can benefit your business:

NetSuite by Oracle
Probably the first ERP software created for the cloud, NetSuite remains among the top options. With more than 28,000 clients from 160 countries, the company offers extensive customization and a range of functionalities for B2C and B2B companies. Since it’s cloud-based, you can access it from anywhere using any device. It’s a global ERP with a unified data model allowing customers to maximize the use of data as a weapon.

SAP Business One
SAP Business One is a comprehensive and fine-tuned financial system that allows you to add modules for human resources, material requirements planning, and customer relationship management. You can track projects, perform predictive business analytics, customize reporting, and organize documentation using a simple interface. The ERP software lowers management costs, drives profitability, and captures vital information.

Sage X3
With Sage X3, you can customize information to specific business requirements and share data across HR, accounting, inventory management, and other departments for increased and streamlined cooperation. The ERP software can identify and highlight business improvement areas and ensure compliance with all regulations.

Workday
Workday is a cloud-based ERP software that combines HR, finance, and planning functions into a single platform. You can use it to manage employee data, configure and customize regional requirements, and automate workforce activities. Workday also has features that help with financial and human capital management, automation, and analytics. These features directly result in coordinated decision-making for the betterment of the business.

Acumatica
Acumatica is a cloud-based ERP built for mobile and telework scenarios, and you can integrate it with any tool you want. The ERP software uses an all-inclusive user licensing model, enabling you to access and view your business from anywhere. Its partners worldwide provide a complete suite of business management applications like accounting, CRM, finance, distribution, and manufacturing.

Infor
Designed for small, medium, and large businesses in specific industries, Infor is the third-largest ERP provider. The company offers tailor-made software that can work well to achieve your business goals. It’s a cloud-based ERP software, combining a suite of applications for the distribution and manufacturing business across various industries.

Microsoft Dynamics NAV
Microsoft Dynamics NAV is an ERP software built to help small and medium-sized businesses automate and integrate different functions like purchasing, sales, operations, inventory, stock management, accounts, finance, sales, and manufacturing. It’s highly customizable and helps control complex business systems.

These are some of the leading companies in the ERP software industry. As mentioned, compare multiple options for price, features, and customization and choose one that best suits the needs of your business.