Top 10 Best ERP for small business in 2024

I. Introduction

In today’s competitive market, small businesses need efficient systems to manage their operations.

Enterprise Resource Planning (ERP) software is one such system that helps businesses streamline their processes, improve productivity, and reduce costs.

ERP systems provide businesses with a centralized platform to manage all their core business functions, including inventory management, accounting, human resources, and customer relationship management.

A. What is ERP?

ERP is a software solution that integrates a company’s departments and functions into a single system. As a result, it allows businesses to automate and streamline their business processes, increasing efficiency and reducing costs.

ERP software typically includes modules for inventory management, finance and accounting, sales and marketing, human resources, and customer relationship management.

B. Who uses ERP Systems?

Companies of various sizes and industries use ERP systems. While large corporations have traditionally used ERP systems, more and more small and medium-sized businesses are adopting ERP systems to help manage their operations.

C. How many companies use ERP systems?

Around 81% of organizations with annual revenues of $50 million to $1 billion have implemented an ERP system.

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ERP systems are used by companies in various industries, including manufacturing, distribution, healthcare, retail, and service industries.

ERP systems have become essential for companies looking to streamline their operations, improve productivity, and reduce costs.

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D. Importance of ERP for small business

Small businesses can benefit significantly from using ERP software.

• ERP systems provide businesses with real-time data, which helps decision-makers make informed decisions quickly.
•  ERP software also automates repetitive tasks, reducing employees’ workload and allowing them to focus on more critical tasks.
•  ERP systems also give businesses a competitive edge by improving their operational efficiency and allowing them to respond quickly to market changes.

II. Criteria for selection of Top 10 Best ERP

Choosing the right ERP software for your small business can be daunting and here are some criteria to consider:

A. Cost

Cost is an essential factor to consider when selecting an ERP system. Small businesses need to choose an affordable solution that provides value for money. The cost of an ERP system includes the cost of licensing, implementation, and ongoing maintenance.

B. User-friendliness

The ERP system should be user-friendly and easy to use. In addition, small businesses may need dedicated IT staff, so choosing a system that only requires a little extensive technical knowledge is crucial.

C. Customization

The ERP system should be customizable to meet the business’s specific needs. Small businesses have unique requirements, and the ERP system should be able to adapt to these requirements.

D. Scalability

The ERP system should be scalable, meaning it should grow as the business grows. Therefore, small businesses should choose a system for their current needs and future growth.

E. Integration

The ERP system should be able to integrate with other business software applications, such as e-commerce platforms, CRM software, and payroll software.

III. Top 10 Best ERPs for Small Business

Here are the top 10 examples of the best ERP systems for small businesses to consider in 2023: 

1. ERPNext

Overview

ERPNext is an open-source ERP system that is cloud-based. It includes accounting, inventory management, human resources, and CRM modules.

ERPNext Features

ERPNext includes:

• invoicing
• purchase management
• inventory management
• project management

Pricing

ERPNext offers a free version for up to three users. Paid plans start at $300 per year.

2. Zoho One

Overview

Zoho One is a cloud-based ERP system with over 40 applications, including CRM, HR, and finance.

Features

Zoho One includes:

• sales automation
• marketing automation
• project management
• human resources

Pricing

Zoho One offers a 30-day free trial. After that, paid plans start at $30 per user per month.

3. Odoo

Overview

Odoo is an open-source ERP system that includes accounting, inventory management, and CRM modules.

Features

Odoo includes sales automation, purchase, inventory, and project management.

Pricing

Odoo offers a free version for up to two users. Paid plans start at $7 per user per month.

4. SAP Business One

Overview

SAP Business One is a cloud-based ERP system for small and medium-sized businesses.

Features

SAP Business OneIt includes finance, sales, purchasing, inventory, and project management modules.

Pricing

Pricing for SAP Business One varies depending on the business’s specific needs.

5. NetSuite

Overview

NetSuite is a cloud-based ERP system that includes modules for finance, CRM, and e-commerce.

Features

• financial management
• order management
• CRM
• e-commerce

Pricing

Pricing for NetSuite varies depending on the specific needs of the business.

6. Sage Intacct

Overview

Sage Intacct is a cloud-based ERP system with financial management, project accounting, and order management modules.

Features

• financial management
• project accounting
• order management
• reporting features

Pricing

Pricing for Sage Intacct varies depending on the specific needs of the business.

7. Microsoft Dynamics GP

Overview

Microsoft Dynamics GP is a cloud-based ERP system that includes financial management, inventory management, and project management modules.

Features

Microsoft Dynamics GP includes financial, inventory, project, and human resources management.

Pricing

Pricing for Microsoft Dynamics GP varies depending on the business’s specific needs.

8. QuickBooks Enterprise

Overview

QuickBooks Enterprise is a cloud-based ERP system that includes accounting, payroll, and inventory management modules.

Features

QuickBooks Enterprise includes features such as financial management, payroll management, and inventory management.

Pricing

Pricing for QuickBooks Enterprise varies depending on the specific needs of the business.

9. Acumatica

Overview

Acumatica is a cloud-based ERP system that includes financial management, inventory management, and CRM modules.

Features

Acumatica includes financial management, inventory management, CRM, and project management.

Pricing

Pricing for Acumatica varies depending on the specific needs of the business.

10. Infor CloudSuite

Overview

Infor CloudSuite is a cloud-based ERP system that includes financial management, human resources, and supply chain management modules.

Features

Infor CloudSuite includes financial management, supply chain management, and human resources.

Pricing

Pricing for Infor CloudSuite varies depending on the specific needs of the business.

IV. Conclusion

Choosing the right ERP system for your small business can help you improve your operations, increase efficiency, and reduce costs.

The top 10 best cloud-based ERP systems for small businesses have been reviewed based on cost, user-friendliness, customization, scalability, and integration. Consider these factors when selecting an ERP system for your business, and choose a system that meets your specific needs.

Overall, investing in an ERP system is wise for any small business looking to streamline its operations and grow its bottom line.