Enterprise resource planning is an important aspect of running the processes of a company successfully. All the processes are overseen through software that combines technology, services and human resources. This software helps automate back office functions in order to increase efficiency and decrease human errors.
Here are five of the best enterprise resources planning accounting software solutions to consider.
There are very few business professionals who are not aware of the Microsoft business software brand. Unless they work on an Apple machine, their desktop, laptop or other electronic device has a version of Office installed. Microsoft has also developed ERP software. Theirs is called Microsoft Dynamics ERP. Several versions have already been released. Generally, it is geared toward mid-size companies as well as the affiliates of large-sized corporations. The Microsoft Dynamics GP, NAV and SL are designed for small and medium companies while Microsoft Dynamics AX was developed for large enterprises. It is no secret that this software company has dominated the business software industry. Some of its success can be attributed to helping companies grow. Microsoft has not been the only company that released productivity software. The difference is that it succeeded where others failed.
Oracle has a loyal following of its own. The company is best known for its database software, relational database management system and Java. It was purchased by Sun Microsystems in 2010. Oracle has also developed its own ERP software that includes Oracle Fusion Applications, Oracle E-Business Suite and PeopleSoft Enterprise. Customers who integrate these systems into their operations can take advantage of the customer relationship management platform they offer like JD Edwards Enterprise One and Oracle Siebel CRM. The professionals at Oracle understand that collaboration reduces redundancies as well as human error. The developers at Oracle seek to help users gain business insight, lower operational costs and reduce risk in addition to maintaining a consistent infrastructure and enhanced collaboration.
When it comes to accounting software, Quickbooks has a lock on this market. Quickbooks is by far the most well-known, used and praised accounting software. It can be argued that it was the first software that successfully replaced the use of spreadsheets by companies of all sizes. It also manages to continue evolving. The original version of Quickbooks is not enterprise resource planning software, but it has released an Enterprise version in order to meet demand and customer expectation. QuickBooks Enterprise includes features like advanced inventory, cycle count and landed cost. Companies that are already using Quickbooks have been happy with their enterprise version because it easily integrates with the other software. This ERP accounting software allows users to manage their business from end to end. Robust reporting, invoicing and inventory management are some additional sought after features.
The ERP software developed by Sage has undergone a few name changes. This may be one reason why it does not have a wide name recognition. Sage 300, for example, has existed since 2004. In 2012, ACCPAC was renamed to Sage 300. Sage X3 is the business cloud version. Today, the company’s loyal customers know the software as Sage Enterprise Management. The developers at Sage focus on delivering a product that is simple to use, fast and flexible. Product capabilities include financial reporting, inventory management and sales management. Project management, quality control and shop floor control are others. To find out the version that best works for any particular company, representatives are encouraged to make an appointment for a consultation. Since Sage’s software can be customized, it is easier for their staff to find a ideal fit for most clients.
SAP SE is a German company that produces SAP ERP. One of the most recent versions was released in 2006. In 2016, the company released an enhancement package. Its software is available in three versions that include cloud, on-premise and hybrid. The version that is best for every company depends on several factors especially size. Corporations are more likely to benefit from the on-premise version because the bulk of the work is going to take place at the headquarters, offices and manufacturing plants. A company that has not reached corporation status and size might benefit from the hybrid while a mid-size can take advantage of the cloud version. To help users, SAP gives potential clients the opportunity to find out if they require an ERP solution, yet. Runaway business processes, too much time on basic tasks and missing the boat on new opportunities are signs that it is time to start integrating this software solution. While other software focused on mid-size and larger companies, SAP offers a product for small-size and even startups, too.
Investing in software like ERP accounting is worthwhile. It helps manage and integrate a company’s financials, supply chain and operations as well as reporting and human resource activities.