By deploying an efficient cloud-based ERP solution, you can help to streamline and simplify your company’s work processes and set you ahead of the competition. The market for such solutions is vast, meaning that whatever the size and scale of your business, there will be a suitable solution for you.
Here, we explore exactly what ERP software is and highlight some leading cloud-based solutions.
What Is an ERP Solution?
An ERP, or Enterprise Resourcing Planning, solution refers to end-to-end management software businesses use to manage critical day-to-day operations. As a single integrated solution, ERP software is an ideal choice for larger businesses that want to streamline their work processes between different departments via a shared database. ERP solutions can integrate functions across all aspects of business management, including accounting, inventory and order management, HR, customer relationship management, and many more.
Why Choose a Cloud-Based ERP Solution?
When considering your options, you may be unsure whether an on-premises or cloud ERP system would be best. There are several key reasons why opting for a cloud-based ERP solution would be a wise choice. One of the significant benefits of a cloud-based ERP solution is that your chosen hosting provider takes care of your software’s implementation, hosting, and maintenance, freeing up your time and resources. Cloud-based solutions are also more cost-effective and can be accessed from anywhere in the world at any time. As your business grows, your cloud-based ERP system can grow with you.
Top 10 ERP/Payroll Solutions
Due to its vast capabilities, an ERP solution is a complex piece of software and must incorporate many functions to match the needs of a modern and agile business. Choosing a suitable ERP solution for your business can be challenging, so we have compiled a list of some of the leading cloud-based ERP solutions available on the market. For this, we have considered functionality, integration with existing systems, scalability, cost, and ease of use.
1. Oracle NetSuite
Heading the top of the list, thanks to its feature-rich software and cost-effective price point, is Oracle NetSuite. Oracle NetSuite was established in 1998 and is used by more than 32,000 companies across the globe. This cloud-based software stands out from its competitors with the vast range of features it offers users, with access to financial management, customer relationship management (CRM), supply chain management, inventory management, project management, global business management, and analytics and reporting. In addition, users benefit from easy-to-use and intuitive interfaces and the ability to scale as your business grows. This is an excellent ERP solution for midsize companies that incorporates all ERP functions into one powerful package.
2. Sage Intacct
Sage Intacct is an innovative cloud-based ERP system that offers a cheaper alternative to Oracle NetSuite for any business, from start-ups to global enterprises. Implementing and offering services such as budgeting, accounting, HR management, order management, and reporting is straightforward. With Sage Intacct, users can automate processes to reduce business costs, improve security, and boost productivity. However, Sage Intacct lacks supply chain functionality, unlike some competitors.
3. SAP S/4 HANA Cloud
SAP Suite/4HANA Cloud was launched in 2015 and is a popular choice of ERP solution among large and midsize enterprises. It is powered by AI and analytics, allowing businesses to run critical processes in real-time from anywhere in the world. For example, S/4HANA Cash Application harnesses the power of AI to generate real-time, intelligent invoice-matching by capturing customer- and country-specific behavior.
Users can choose between a ‘ready-to-run’ or a ‘tailored-to-fit’ cloud ERP solution, with SAP S/4HANA offering either a cloud-based or on-premise solution.
4. Odoo
Odoo is an open-source platform offering a suite of crucial business applications, including project management, accounting, invoicing, marketing, inventory, CRM, and eCommerce. Given the flexibility and scalability of the cloud platform, businesses of all sizes can benefit from deploying Odoo. In addition, all applications within the Odoo platform integrate seamlessly, allowing you to coordinate your business’s operations efficiently.
Odoo offers a pay-per-app pricing model, so you only pay for what you use. This makes it an ideal choice for smaller businesses on a tight budget. With over 1500 active contributors, the Odoo platform provides over 10,000 apps that integrate.
5. Epicor
With over 21,000 customers across 150 countries, Epicor provides industry-specific, cloud-based ERP solutions to SMEs within the manufacturing, building supply, and distribution industries. For businesses within these sectors, Epicor’s deep vertical expertise is unparalleled.
Epicor offers businesses a single platform to organize their supply chain, customer service, HR, and production processes and can be integrated with other standard SaaS and on-premise applications.
6. Syspro
With over 40 years of experience, Syspro provides ERP software solutions to companies operating within the manufacturing and distribution industries. Clients can opt to deploy Syspro on-premise, in the cloud, or a hybrid of both and benefit from multidimensional security levels, customizable solutions, and vast scalability. Thanks to its simplistic and user-friendly interface, Syspro boasts a retention rate of 98%.
7. Workday
As a Leader in the 2022 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, Workday offers a core package of payroll, HR, and accounting applications. In addition to this, clients can purchase additional modules to streamline their specific business processes. With a simple and easy-to-navigate interface, even employees with no experience can use the Workday platform immediately. However, some users have complained about potential migration issues due to some software incompatibility.
8. Microsoft Dynamics 365
Microsoft Dynamics 365 is a leading ERP provider ideal for small businesses, combining ERP functionality with an advanced CRM solution. As a modular ERP solution, Microsoft Dynamics allows users to choose the capabilities they require while leaving plenty of scope for scaling up in the future. In addition, as a centralized platform, it enables employers and employees to manage all aspects of their business seamlessly, providing the option to automate routine tasks and unify operations across all departments.
9. Infor CloudSuite
Infor CloudSuite also offers a cloud-based ERP platform, with many industry-specific solutions falling within this umbrella. For example, Infor M3 and Syteline both provide solutions for the manufacturing industry, while Infor Nexus is a leading supply chain management solution. Infor clients must decide which product meets the specific needs of their business. Each solution provides pre-configured processes that align with the particular needs of its target industry. In addition, Infor ERP includes built-in AI capabilities, game-changing analytics, and fast and secure deployment.
10. Acumatica
Acumatica is a cost-effective ERP platform ideal for businesses looking to scale shortly. Trusted by over 8,500 companies, Acumatica delivers a future-proof platform with AI-powered automation and real-time insights. Flexible and transparent licensing plans allow the platform to grow alongside your company. In addition, Acumatica will integrate seamlessly with your existing programs and provide your business with enterprise-grade security.
Partner With a Leading Cloud Provider
The next step is to find a leading hosting provider to host your chosen cloud-based ERP solution. That’s where Atlantic.Net comes in. With over 30 years of proven experience, Atlantic.Net delivers top-level hosting services at cost-effective prices, making them an ideal partner for businesses of all sizes.
Atlantic.Net is SOC 2, SOC 3 certified, HIPAA and HITECH audited, PCI-DSS compliant, and regularly audited by third-party, independent auditors. Contact our sales team today to learn more about how Atlantic.Net can help your business.
