5 Best Cloud-Based ERPs For Small Businesses in 2024

I. Introduction

This blog post will explore the 5 Best Cloud-Based ERPs for Small Business operators in 2024.

Whether starting off or are a seasoned entrepreneur, you know the importance of an efficient and effective enterprise resource planning (ERP) system to manage your business operations.

In 2024, cloud-based ERP systems continue to be a popular choice for small businesses due to their cost-effectiveness, flexibility, and scalability.

Criteria for Selection

Before we dive into the 5 Best Cloud-Based ERP Systems for Small Businesses in 2024, let’s first review the criteria we used to select these systems.

I considered the following factors in developing this list:

1. Functionality: The system should have the necessary features and tools to manage core business operations, including finance, accounting, inventory, human resources, and customer relationship management.
2.  Ease of use: The system should be user-friendly, with an intuitive interface that allows for easy navigation and quick adoption by employees.
3.  Customization: The system should allow for customization to meet the business’s specific needs.
4.  Integration: The system should be able to integrate with other third-party applications, such as e-commerce platforms, payment gateways, and marketing tools.
5.  Customer support: The system should provide excellent customer support, with a responsive support team that can assist with any technical issues.

II. Comparison of the 5 Best Cloud-Based ERP Systems For Small Businesses

To help you choose the right cloud-based ERP system for your small business, we’ve created a comparison chart of the features and benefits of each system.

Please note that this chart is just a general guideline and should not be used solely for your decision. I recommend you test each system's features and functionality before making a final decision.

III. The 5 Best Cloud-Based ERP Systems for Small Businesses in 2024

Based on the above criteria, here are our top picks for the 5 Best Cloud-Based ERP Systems for Small Businesses in 2024.

1. Oracle NetSuite

NetSuite is a cloud-based ERP system that provides a full suite of business management applications, including financial management, inventory management, order management, and human resources.

NetSuite is highly customizable, with a user-friendly interface and excellent customer support.

Pricing: Contact NetSuite.

Pros of Oracle NetSuite Cloud ERP

• Comprehensive suite of business management applications
• Highly customizable

Cons of Oracle NetSuite Cloud ERP

Higher price points may not be suitable for smaller businesses.

2. Acumatica

Acumatica is a cloud-based ERP system that offers a wide range of modules, including financial management, project management, inventory management, and customer relationship management.

It is highly customizable, with a user-friendly interface and excellent customer support.

Pricing: Contact Acumatica.

Pros of Acumatica Cloud ERP

• Wide range of modules
• Excellent customer support.

Cons of Acumatica Cloud ERP

• Higher price points may not be suitable for smaller businesses.

Also Read: 10 Best Cloud-Based ERP Systems in 2024

3. SAP Business ByDesign

SAP Business ByDesign is a cloud-based ERP system for small businesses that offers a comprehensive suite of business management applications, including finance, supply chain management, customer relationship management, and human resources.

Finally, it is highly scalable, with a user-friendly interface and excellent customer support.

Pricing starts at $20 per user per month.

 SAP Business ByDesign Pros

• Many business management applications available
• Highly scalable

Cons of  SAP Business ByDesign

• User Interface might be confusing

4. Microsoft Dynamics 365 Business Central

Microsoft Dynamics 365 Business Central is a cloud-based ERP system that provides various applications, including finance, supply chain management, project management, and human resources.

Microsoft Dynamics 365 Business Central is highly customizable and scalable using the different available add-ons.

Pricing starts at $70 per user per month.

Pros of Microsoft Dynamics 365 Business Central

• Wide range of applications
• Highly customizable
• User-friendly interface

Cons of Microsoft Dynamics 365 Business Central

• Some features may require additional add-ons

Odoo

Odoo is an open-source cloud-based ERP solution that offers a suite of business management applications, including finance, inventory management, project management, and human resources.

It is one of the best available open-source cloud ERP solutions that small businesses can start suing today.

Pricing starts at $0 per user per month.

Pros of Odoo Cloud ERP

• Affordable pricing
• Highly customizable
• User-friendly interface

Cons of Odoo Cloud ERP

• It may have fewer features than other cloud ERP solutions
• Customer support may be limited

IV. Recommendations

Choosing the right cloud-based ERP system for your small business depends on your specific business needs, budget, and growth plans.

If you’re looking for a comprehensive suite of business management applications, NetSuite, Acumatica, and SAP Business ByDesign are excellent options.

On the other hand, suppose you’re looking for a more affordable cloud ERP solution with a user-friendly interface, then Microsoft Dynamics 365 Business Central and Odoo are great choices.

We recommend testing each system’s features and functionality before making a final decision.

V. Future of Cloud-Based ERPs for Small Businesses

As technology evolves, cloud-based ERP systems for small businesses will continue to become more advanced and accessible.

In the future, we can expect to see more automation and AI-driven features in cloud ERP systems, making business management even more efficient and effective.

VI. Conclusion

In conclusion, a cloud-based ERP system is essential for small businesses looking to streamline their operations and improve their bottom line.

The 5 Best Cloud-Based ERP Systems for Small Businesses in 2024, NetSuite, Acumatica, SAP Business ByDesign, Microsoft Dynamics 365 Business Central, and Odoo, offer a wide range of features, and customization options for different businesses.

Hopefully, this blog post has helped you choose the right cloud-based ERP system for your small business.