What are some examples of ERP software? Which ERP software is best?

NetSuite is an ERP for every business size, every industry, and every role. The system has been designed for a modern company and it has built-in flexibility. So, as your business changes, you can change your business system quickly and easily. Cloud-based, mobile-enabled and social business intelligence for free and for all. NetSuite ERP gives companies the tools they need to accelerate growth and drive innovation.

SAP is a cloud-based ERP system that can also be used on-premise and hybrid. Their ERP solutions use intelligent technologies to help your business grow and optimize time and resources. It doesn’t matter if you’re a small, medium-sized or a bigger business. SAP grows with you. The ERP system helps you to manage everything from accounting and CRM to supply chain management and purchasing. SAP is real-time ERP software that can help connect people, devices, and networks. It’s fast and affordable ERP with world-class security and reliability.

Taimer is an ERP system provider that is not limited to any specific industry. Cloud-based Taimer ERP is easy to get started and simple to use, even in mobile. It also scales as the business grows. You can boost your productivity to a new level by combining Taimer with a wide range of applications and integrations. You’ll save time and money by centralizing your processes into one unified software like Taimer. The ERP software has both Free version and premium versions. The Taimer Free CRM version is targeted towards freelancers and one-man companies, while the Taimer Sales CRM and Project Management is targeted for early to medium-sized businesses. For enterprises with multiple companies and teams, ERP is recommended. You can also read how Salomaa Group has boost its efficiency using Taimer here.  

Salesforce is a web-based ERP software. You can easily log, manage and analyze all activities in one place with their ERP. Salesforce enables you to build a business from marketing right through to business analysis. With ERP you can simplify your day-to-day routines and speed up work. Salesforce also turns your mobile into a portable office. You can check dashboards, reports and analytics whenever and wherever. It’s easier to share files, discuss them, and track content in real time. Salesforce brings together all your information in a single, integrated platform.

What are the types of ERP systems?
The ERP systems usually include features for accounting, resource scheduling, and sales CRM. However, you can combine different features to better meet your needs. Actually, there are three different types of ERP implementations: cloud-based, on-premise and hybrid. Explore the benefits of each, and choose the one that makes the most sense for your business.

Three types of ERP software include:

  • Cloud-based ERP: A cloud-based ERP system is a type of enterprise resource planning software that is hosted on a cloud computing platform, rather than on-premises or within an enterprise's own data center. We will explore more in this article cloud-based ERP software.
  • On-premise ERP: An on-premise ERP software is installed and can be run on computers on the premises of the person or organization using the software, rather than at a remote facility such as a server farm or cloud.
  • Hybrid ERP: A hybrid ERP is also known as two-tier ERP which in simplest form means that some components of the ERP applications would be in the cloud and some on-premise.

What is included in ERP? Why is ERP important?
We have talked about different features and functions of ERP software. Still, there is so much more. Even though the different ERP systems may have similar goals to other solutions, its unique features make it a distinctive competitor in the software market. Here are some reasons why the importance of enterprise resource planning software should be considered by any organization.

The ERP software unifies many of the systems that may currently be fragmented in your organization. From product development to accounts payable, your staff will be able to access all the necessary tools for their job from one centralized system. By unifying different systems into one, you help your staff utilize their time more efficiently. Additionally, with the central database, information is much easier to retrieve. Moreover, your organization saves money with ERP software by eliminating the need for users to be trained on how to use several systems.

With a centralized database, you provide your company with a single, reliable, and updated source of data to work from. This reduces errors brought on by working with incorrect data, further reducing costs. All team members and business units have access to the company-wide data they need. Additionally, there's no need to merge information across various systems or sources which potentially might cause data corruption.

A central database of information also aids in improving your analytics and reporting. The ERP software makes it easier and faster for your team to generate various reports. These reports may include everything from income and expense statements to customer KPIs that offer insights into certain business functions. The ability to have access to these reports quickly enables the managers and their team(s) to make better decisions more accurately and in a shorter time period.

Tasks like generating reports, monitoring inventory levels, time tracking, and processing orders have taken employees hours to accomplish. The ERP system can automate the most tedious tasks. So, the ERP increases the organization's productivity, efficiency, and profitability.

The ERP provides ways to improve customer satisfaction. The best way to do that is to provide client-centered goods and services. Most of the ERP systems are equipped with a CRM tool or can be easily integrated with one. With an ERP, your CRM has access to data across business functions. Along with contact information, an integrated CRM can show you details such as order history and billing information, too.

Why should you invest in a cloud-based ERP software?
Implementation of a cloud-based ERP software is simple, quick, and straightforward. You’ll have the software up and running in no time. All data is in the cloud and accessible whenever or wherever, and on any device through the internet - even mobile devices.

Notably, scalability and customization are important no matter what you do. There should be flexibility to scale up and down as the business needs change. Advanced cloud-based ERP system provides even large enterprises with easily available customization options.

Every ERP software should be easily integrated into other business software like accounting software, for instance. Because of all data and available ERP integrations, the interfaces also need to work smoothly together. More integrations are available in cloud-based ERP systems than standalone ones. Just imagine a business wants to integrate the individual system with different banks, accounting software, and other tools!

Depending on the ERP vendor, the cloud-based ERP systems usually have a pay as you go model based on different factors. For instance, there is an upfront cost per user, per month on a subscription basis in a variety of systems we have reviewed in this article. This helps in saving huge costs compared to building and maintaining an ERP system in-house. As the business grows and so its demands, the company can opt into higher tiers that fit their needs.

Take away
The importance of ERP software far outweighs the initial cost, time, and effort involved in implementation, if you choose the right ERP solution. So, which ERP software is best? That’s something you’ll have to find out based on your needs, budgets, and company size. With enough careful research and thoughtful consideration, you’ll find the ERP software that is the right fit.

Every business has its own needs and priorities. The best ERP software on the market has all the features above built into one system, it is usually cloud-based, and offers flexibility in terms of company's growth. We might be biased towards the Taimer platform, but we believe Taimer has done something that no other product in the market has done before.

Taimer provides all the features we reviewed in one unified platform including CRM system and contact management, real-time visibility into project schedules, financials, trends, automated project messenger, activities & memos, time tracking, resource planning, expense management, project invoicing, file & document sharing, and real-time follow-ups, to name few. All of these features are available in different.

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