Buyer's Guide for Top ERP Software

Found our list of ERP Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

Buyers Guide Content

  1. What is ERP Software and How Does it Work?
  2. Cloud-Based ERP Software Solution
  3. Key Features of Enterprise Resource Planning ERP Software
  4. Benefits of ERP System Software
  5. Things To Be Concider Before Buying ERP Software
  6. Ask for Free and Open Source ERP Software

What is ERP Software and How Does it Work?

ERP software stands for enterprise resource planning software. ERP is a business process management that helps to automate workflow, increase accuracy, the efficiency of office functions like billing, inventory, purchase, technology, services & human resource management in an organization.

ERP software integrated with organization computer systems and helps businesses in collecting, storing, managing and interpreting data from their various units, using a centralized database. It automates back-office tasks and streamlines workflows across departments. When optimized, the solution can drive efficiency, lower costs and increase profitability.  It promotes healthy collaboration in your organization which is minimizing overhead cost, increasing productivity, decreasing redundancies and more.

Cloud-Based ERP Software Solution

With Cloud ERP software as a service, you can all its enterprise resource planning software functions online. Also, cloud ERP software requires minimal upfront cost, as there is no need to invest in computing resources and on-premise hardware.

Key Features of Enterprise Resource Planning ERP Software


ERP CRM: The CRM features of ERP solution helps organizations in boosting their customer service and profit per capita. It helps in managing leads, opportunities, and issues. The module provides you with a 360-degree view of your customers’ interaction with your company, by consolidating their data such as social media activity, purchase record and past interactions. In an ERP, CRM works closely with the sales & marketing module to fast track conversions.

ERP Accounting: This accounting ERP solution features is a necessity of organization and deals with accounting transactions like accounts receivable, payable, payroll, balances and manage all assets.

ERP Billing: ERP billing solution feature helps to generate online bulk bills, invoices, and track customer payments, revenue, manage customer complaints, automate the payment reminders. It is efficient in areas like planning, material sourcing, production monitoring, and forecasting. Its key features include the ability to generate bill of material, shop floor control, master production schedule &, sales & distribution plan.

ERP Inventory Management: This module is also known as a material management module. It helps businesses measure stock targets, manage replenishments and other inventory processes. The module uses a product’s ID number to track and locate items in your inventory. This module is closely integrated with the Purchase module.

Purchasing: The purchasing module manages the functions involved in material procurement. These include quotation requests, master production schedule, analysis, purchase orders, and stock updates. It functions closely with SCM & Inventory modules.

ERP Financial management: This module of ERP software helps manage a business’s capital inflow and outflow. The module covers standard accounting transactions such as expenditure, ledger, bank reconciliation, balance sheet, tax management, and payments. It also generates financial reports for different departments

HRM: The HR module comes with standard HRMS features such as attendance and time tracker, employee database and skills matrix. Some ERP software also comes with performance trackers and payroll. The latter works closely with the financial management module


Sales & Marketing: The sales & marketing module handles relevant workflows such as sales inquiries, sales orders, and invoices. A more advanced ERP solution also features taxation rules and shipping trackers. Sales and CRM modules work in tandem, ultimately to speed up the sales process and help the company in generating more profit.

SCM: The supply chain management module covers key aspects including purchase order management. It helps in managing product flow from manufacturing to consumer and vice-versa (in case of returns or recalls). A key feature of this module is process automation, with which you can streamline your entire supply chain and makes it adapt to market shifts.

Benefits of ERP System Software

Scalability: As your business grows, the ERP system adjusts & adds multiple features for enhanced functioning

Mobility: You can access the ERP data anywhere & anytime

Integration: Existing software in your organization can be integrated with an ERP system. ERP that you choose should work seamlessly with existing software in your business. An ERP that can easily integrate with existing infrastructure, improve functionalities & ensure smooth file migration, will help your business in the long run.

Less Spending: Setting up an ERP system is relatively cheap with a base investment for hardware, software & setup.

Increases Efficiency: ERP Software integrates different business processes like accounting, marketing, sales, production and inventory into one platform. The software makes it easier to collect and access data, streamlining cross-departmental workflows, and maintain accountability across the organization.

Likewise, ERP solutions also automate redundant day-to-day tasks like manual data entry & report generation. Automating such repetitive tasks frees your teams’ time and lets them focus on their core deliverables. For example, marketing can access daily web traffic data without the tech team’s assistance or, the accounting team can instantly access sales statistics without chasing the sales team.

Online ERP software also gives managers the ability to perform quick lookups. Its intuitive dashboard allows managers to review key performance indicators across the organization.

Promotes collaboration: Top ERP software breaks down communication walls between departments. Databases are easily shareable while workstations are connected. Such a setup allows teams to easily collaborate with each other using the ERP platform.

Moreover, the best ERP solution further expands collaboration between remotely located teams and headquarters using a localized network. Inducing a culture of collaboration enhances innovation and teamplay and, makes businesses more competitively viable.

Makes accurate forecasts: ERP’s reporting tools use filters and analytics to filter through data for inconsistencies. ERP software solutions also ensure that data updated is duplicate-free. With intact data integrity, report generation with realistic forecasts becomes easier.

Advanced ERP solutions come with business intelligence tools that use machine learning and predictive analysis to dig deep into big data. Companies with large data sources can use ERP to gain hidden insights and stay competitively viable.

Lower operational costs: ERP solutions can also be used to cut down costs. When different processes are streamlined and metrics are easily monitored, delays, disruptions, and breakdowns can be anticipated & its impact better managed.

ERP allows businesses into production, engineering, and other business units to work together using data obtained in real-time & resolve problems faster. Operating costs are thus kept within budget.

Increases data security :ERP has firewalls and controls to guard against data hacking and/or breach. Having a single database means that access points are closely monitored, and security is concentrated. User permission rules can be defined, giving admins the flexibility to lock sensitive data and limit user access to information.

Things To Be Concider Before Buying ERP Software

Upgrade vs Replacement: If you already have an ERP system, evaluate if you need to get a new one or just an upgrade. Most ERPs today can be simply integrated with a new module, with existing applications. This way, you can minimize costs & disruption.

But if your existing ERP solution is ten years or older, it’s a wise choice to replace it. You can use today’s ERP for scalability, integration, and deployment.

Customization: Ensure that any ERP solution you choose, can work with your key business workflows. Go for an ERP that allows you to customize tools, localize dashboards and configure workflows. This will allow departments to define goals and use the ERP to improve their functioning.

Ask for Free and Open Source ERP Software

Before you purchase an ERP system, ask the vendor for a trial run of the product or a free demo. This will allow you to be familiarised with the solution and better understand if it is suited for your business.

Author: Kalpana Arya

134 Best ERP Software in 2022

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Dynamics 365 Business Central

By Microsoft

4.7 (4 reviews)

Starting Price

₹4,790/Month

Inclusive of all taxes

Microsoft Dynamics 365 Central is a comprehensive business management platform. It brings different business operations... Read More About Dynamics 365 Business Central

Sponsored

Genie Books

By Dandelion Technologies Pvt. Ltd.

Starting Price

₹82,588

Inclusive of all taxes

GenieBooks is an ERP software that offers advanced GST billing, invoicing and accounting functions. It automates and st... Read More About Genie Books

Sponsored

DataNote ERP

By Safal Infosoft Pvt. Ltd.

Price On Request

DataNote ERP is India's leading Enterprise Resource Planning (ERP) solution that allows businesses to streamline, autom... Read More About DataNote ERP

Sponsored

Crest ERP

By Xmplar

5.0 (2 reviews)

Price On Request

CREST is an enterprise resource planning system develop for manufacturing, service trading organizations to streamline... Read More About Crest ERP

ERP software solution helps companies streamline and automate business processes for optimum efficiency by reducing staffing and human errors. ERP helps a business generate more revenue and improve functional stability on the economic front.

According to user reviews and popularity, the Top 10 ERP software are:  Dynamics 365 Business Central  Crest ERP  StrategicERP  iXpert ERP  MCi Apps ERP  Eazy ERP  Astral Manufacturing ERP  Focus 9  Lekhapal  SAP ERP 

ERP system is important as it integrates all the core functions of a business under one system, reducing manual dependency and errors. Most important businesses processes like accounting, sales & purchase, distribution, and manufacturing can be managed with this software. It streamlines the workflow and increases the efficiency of an enterprise.

CRM and ERP are two different types of business systems. Customer Relationship Management (CRM) helps explicitly in sales pipeline management, customer service management, targeted marketing. While Enterprise Resource Planning (ERP) integrates all core business processes in one system for smoother workflows. CRM is a part of ERP software that focuses on customer management.   

Sponsored

StrategicERP

By StrategicERP

Starting Price

₹472,000

Inclusive of all taxes

StrategicERP is an ERP software designed for the construction and real estate industry for project lifecycle management... Read More About StrategicERP

Sponsored

iXpert ERP

By Metier Technologies

4.5 (1 reviews)

Starting Price

₹23,599/Quantity

Inclusive of all taxes

iXpert ERP is an enterprise management system that facilitates efficient resource planning for any organization. The so... Read More About iXpert ERP

Sponsored

MCi Apps ERP

By MCi Apps

4.7 (3 reviews)

Price On Request

MCi Apps ERP software is a sales force automation software that has been innovatively designed to effectively manage all... Read More About MCi Apps ERP

Sponsored

Eazy ERP

By Eazy Business

4.7 (4 reviews)

Price On Request

Eazy ERP is an enterprise resource planning software used for optimizing, streamlining and organizing daily operational... Read More About Eazy ERP

Astral Manufacturing ERP

By Astrale Technologies

4.4 (3 reviews)

Price On Request

Astral Manufacturing ERP provides end to end solutions from procurement till dispatch. It is built using latest technolo... Read More About Astral Manufacturing ERP

Focus 9

By Focus Softnet

4.3 (7 reviews)

Price On Request

Focus 9 is a fully integrated ERP software designed to maximize the output for various types of operations. Focus 9 so... Read More About Focus 9

Sponsored

Lekhapal

By Compserv Consultants Pvt.Ltd

4.5 (5 reviews)

Price On Request

Lekhapal is an ERP and accounting software, supporting accurate compliances and auto ledger posting. This cloud based a... Read More About Lekhapal

Marg Counter ERP

By Marg ERP

4.2 (1 reviews)

Starting Price

₹10,620For 2 Users

Inclusive of all taxes

Marg Counter ERP is one of the best ERP Software that takes care of all your corporate bills and invoices, and comes wit... Read More About Marg Counter ERP

Stone Crusher ERP Software

By Elixir

4.6 (1 reviews)

Price On Request

Stone Crusher ERP is a software designed for traders who indulge in crusher transactions tracking. The software helps... Read More About Stone Crusher ERP Software

Zenscale ERP

By Zenscale

4.4 (1 reviews)

Price On Request

Zenscale is a cloud-based ERP software for companies predominantly dealing in the manufacturing industry. This manufac... Read More About Zenscale ERP

MMI ERP Software

By MMI SOFTWARES PVT. LTD.

4.9 (2 reviews)

Price On Request

MMI ERP is one of the best retail ERP software and it is used by small and midsize retailers. It helps in the pos billin... Read More About MMI ERP Software

Sponsored

BizNext ERP

By BizNext

4.3 (2 reviews)

Price On Request

BizNext is an ERP product which enables all roles in an organisation to perform their task, share information with team... Read More About BizNext ERP

Dataman Aahar

By RVZION Infotech

4.5 (2 reviews)

Price On Request

Aahaar is a comprehensive Agriculture ERP software developed with food manufacturers and exporters in mind. The Agricult... Read More About Dataman Aahar

My ERP Mandi Book

By MY ERP Software

4.6 (1 reviews)

Starting Price

₹8,850

Inclusive of all taxes

My ERP Mandi Book is an Enterprise Resource Planning software that helps users keep track of their farm produce. With t... Read More About My ERP Mandi Book

Deskera ERP

By Deskera

4.4 (3 reviews)

Price On Request

Deskera ERP’s account management feature helps its users in recording, maintaining, organizing and analyzing multiple... Read More About Deskera ERP

Krisol ERP

By Krisol InfoSoft

4.3 (2 reviews)

Price On Request

Krisol ERP is an agriculture management software. It allows farmers and agriculturists to plan and track their daily w... Read More About Krisol ERP

Last Updated on : 07 Jul, 2022

What is ERP Software and How Does it Work?

ERP software stands for enterprise resource planning software. ERP is a business process management that helps to automate workflow, increase accuracy, the efficiency of office functions like billing, inventory, purchase, technology, services & human resource management in an organization.

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ERP Software Reviews

DR

David Rice

review for Dynamics 365 Business Central

5

"Microsoft Dynamics 365 is the perfect tool for managing client relationships provides us with valuable insights."

See All Dynamics 365 Business Central Reviews

AK

Ali Khan

review for Crest ERP

5

"CREST ERP got all the modules which a typical manufacturing company need. CREAT ERP is user friendly."

See All Crest ERP Reviews

RP

Raju Parsha

review for MCi Apps ERP

4.6

"like this erp application, it's good for sales and purchase. With this, I am able to manage my business easily"

See All MCi Apps ERP Reviews

CS

Chander Shekhar

review for Eazy ERP

4.6

" Partners and preparing are well immaculate. Workplace is similar to great. What's more, great vocation development. "

See All Eazy ERP Reviews

BN

B Neeraja

review for Focus 9

5

"the software is intuitive and easy to navigate with industry-ready templates. It matches perfectly and fulfills my business need."

See All Focus 9 Reviews

FAQs About ERP Software

The significant advantages of ERP solutions are reduced inventory costs and better cash flow with business process improvements. It helps with customer relationship management, reporting, supply chain management, sales management, etc.

PLM software can be integrated with ERP software for automated data transition. ERP software can fetch product lifecycle-related data from PLM software for better utilization of production resources. PLM and ERP integration ensures better utilization of resources with control over quality.

ERP stands for Enterprise Resource Planning. ERP system is a comprehensive business management software system that integrates all the company's core functions into one system. It manages day-to-day operations by automating repetitive tasks and providing transparency to managers across the organization.

Enterprise resource planning software helps an organization handle its inventory, supply chain, human resource, operations, financials, etc. Implementing an ERP solution provides visibility into the company's processes and helps manage the business by centralizing all resource data on one integrated database platform.

An ERP system streamlines the entire operations by integrating all the core business processes of an organization. It enables an organization to manage its operations by automating workflows between departments like accounting, finance, supply chain, inventory, etc. An ERP software improves communication by effectively reporting and sharing internal information throughout the enterprise.

A standard ERP system could range from a few thousand to millions of rupees depending on the business scale, number of employees, integration, module, and automation required. However, ERPs for SMBs or star-ups (10-100 employees) have considerably less cost structures.

Implementing a robust ERP system can increase profitability and improve the organization's overall efficiency. It could also help an organization attain long-term growth by generating significant cash flow, higher business value, and increased workforce productivity.

To use ERP software, you must first integrate it with other office systems such as accounting, human resources, finance, etc. Once you have integrated the ERP system, your employees need hands-on training to perform essential functions and tasks.

Organizations like FMCG businesses, Banking and finance companies, IT firms, telecoms industries, manufacturing industries, and even SMBs (Small and medium businesses). ERP is important for all organizations as it helps increase efficiency and profitability.

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