Enterprise resource planning (ERP) systems are crucial for businesses to streamline their operations and achieve efficiency across all departments. In the past, ERP software was expensive and difficult to implement, making it inaccessible for small to midsize businesses (SMBs) and enterprises. However, cloud ERP systems have revolutionized the industry by providing affordable solutions with advanced features like customer relationship management (CRM) and business intelligence (BI). In this article, we will explore the three best cloud ERP systems of 2023.
Microsoft Dynamics 365 Business Central – Best Cloud ERP Systems
Microsoft Dynamics 365 Business Central is a top choice for cloud ERP systems due to its versatility and affordability. It offers two plans, Essentials and Premium, that allow businesses to manage various aspects of their operations. The software is well-suited for SMBs, thanks to its lower price compared to industry standards.
Features:
Microsoft Dynamics 365 Business Central covers almost every department, providing real-time views of data through charts and dashboards. Its mobile compatibility allows users to access the system on their phones, tablets, or PCs. The software offers automated workflows, inventory management, and integrated communication tools for managing projects, customer support, HR, supply chains, and manufacturing. With over 3,500 apps available, users can extend the functionality of their ERP system.
Pricing:
Microsoft Dynamics starts at $70 per person per month, which is significantly lower than most enterprise software. However, additional components or add-ons may need to be purchased separately, ranging in cost from $9.99 to $65 per user per month.
Who should use it:
Microsoft Dynamics 365 Business Central is an ideal solution for both growing businesses and small enterprises. It provides a robust ERP system at an affordable price.
Pros:
- Fairly complete ERP system for SMBs
- Affordable pricing plans
- Integration with Microsoft products
- Real-time reports and dashboards
Cons:
- Additional costs for add-ons and integrations
- Dated interface
SAP Business One Professional – Best Cloud ERP Systems
SAP Business One Professional offers a cloud ERP system tailored to the needs of small to midsize businesses at a reasonable price. Users can leverage SAP’s software development kit (SDK) to customize interfaces, user fields, tables, and search functions. Many custom features can be implemented without the need for extensive development skills.
Features:
SAP Business One Professional is an all-in-one solution for business management, covering financials, CRM, manufacturing, and BI. The system allows for the creation of automated workflows, custom real-time reports, and comprehensive tracking of the customer life cycle and sales opportunities. It also offers tools for managing manufacturing or warehouse companies, including purchase order and inventory management functionalities. The integration between components allows for seamless tracking of cash flow, purchasing, and inventory levels.
Pricing:
Pricing for SAP Business One Professional varies as it is sold through SAP partners who set their own prices. Starting prices can be as low as $56 per user per month for a limited license or $108 per user per month for the Professional License.
Who should use it:
SAP Business One Professional is designed specifically for small to midsize businesses and offers an affordable cloud ERP solution with customization options.
Pros:
- Highly customizable system
- All-in-one system for easy accounting
- Code-free custom notifications
- Custom global search function
Cons:
- Limited supply chain management tools
- Few pre-built reports
- Costly upgrading process
SYSPRO – Best Cloud ERP Systems
SYSPRO is a cloud ERP system that excels in meeting the needs of manufacturing businesses. Its inventory, production, supply chain, and order management features make it an excellent choice for manufacturing and distribution services. The system also offers warehouse logistics functionality and robust financial management tools.
Features:
SYSPRO provides comprehensive inventory tracking, allowing businesses to have full visibility of goods and parts. The system includes forecasting tools to balance supply and demand, providing accurate sales predictions and future revenue projections. Advanced planning tools streamline supply chain management, eliminating the need for integration with another system. Other features include serial number tracking, customer support management, and financial management. However, SYSPRO lacks an HR element.
Pricing:
SYSPRO does not disclose pricing on its website. Quotes typically start at around $200 per user per month, making it a bit costly for SMBs. The price increases as you upgrade or add additional modules.
Who should use it:
Small to midsize manufacturing companies and distribution centers will benefit from SYSPRO’s niche features tailored to these industries.
Pros:
- Includes advanced manufacturing resource planning (MRP) features
- Advanced inventory management capabilities
- Excellent forecasting tools
- User-friendly interface
- Modular system for easy upgrades
- Complete financial management
Cons:
- Lacks HR features
- Expensive for SMBs
In conclusion, the three best cloud ERP systems of 2023 offer powerful features and affordability for businesses of all sizes. Microsoft Dynamics 365 Business Central, SAP Business One Professional, and SYSPRO are all excellent choices depending on the specific needs of your business. To learn more about these top cloud ERP systems, visit Teho.info.