Find the Best ERP for Your Business

Since there is a plethora of ERP solutions available to companies these days, how can a company be sure they are getting the best ERP to fit their business? The simple answer is to research your company’s needs that need to be addressed and then compare ERP vendors to find the vendor who has the software features your business needs.

The first step into finding the best ERP for your company is to define what type of ERP software will best solve your problems. There are five main types of ERP software:

• Supply Chain Software

• Manufacturing Software

• Financial Management Software

• Project Management Software

• Human Resources Software

Supply chain software is made to help companies streamline their entire supply chain, including managing suppliers, production plants and storage facilities.
Manufacturing software includes features to help companies streamline product design and configuration processes, track and manage product components and automate a company’s production scheduling.

Financial Management software contains tools such as general ledger, cash management, accounts payable and account receivable to help companies manage their financial processes.

Project Management software includes tools for costing, billing, time and expense management and activity management.

Human Resources software is designed to increase human resource efficiency by eliminating repetitive paperwork which also helps reduce the risk of costly errors and also usually includes tools for payroll assistance.

Another aspect to look into when searching for the best ERP, is the implementation process. ERP implementations are often too complicated for a companies IT department to handle. There are also Open Source ERP or On Demand ERP solutions that ERP software but hosted on a third-parties server.

Finding the best ERP will take some due diligence on your companies behalf to research the company’s need and then researching ERP venders to find the software solution that will best fit your company. A good resource to start your search is the Top 20 ERP Vendors white paper report.