Best ERP Software Reviews of 2020

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Enterprise resource planning (ERP) software combines multiple business-critical tools into a single platform. 

It’s common for ERP software to include functionality for human resources, accounting, supply chain management, business intelligence, customer relationship management, and more. The best ERP solutions can be tailored to meet the specific needs of individual organizations and industries. 

With ERP software, companies can automate critical back-office functions while gaining a deeper understanding of their operations. 

After extensive research and testing, we’ve narrowed down the top seven ERP software solutions on the market today. 

Acumatica

Best Overall ERP Software

Multiple software editions to accommodate a wide range of business needs and industries. Pricing based on usage, not per-user.

The Best ERP Software Options to Consider:

  1. Acumatica
  2. Infor
  3. IQMS
  4. Epicor
  5. Deltek
  6. OSAS Traverse
  7. Oracle NetSuite

When it Makes Sense to Invest Into ERP Software

Historically, ERP software has been used by large corporations with complex needs. But modern cloud deployment has made the software more accessible to SMEs and SMBs.

Any organization that wants to run their operation from a single platform and interface can benefit from ERP software. 

For smaller businesses, using multiple platforms for various business functions is manageable. But at scale, bouncing back and forth between different tools poses challenges. That’s when it makes sense to consider ERP software. 

Since ERP software is highly customizable, you can typically configure these solutions to meet the specific needs of your business. So you won’t be forced to purchase features you’ll never use. This ability makes it more appealing for a broader range of companies to consider ERP software.

If you run a startup or small business with a single location, you probably don’t need ERP software. 

#1 – Acumatica Review — The Best Overall ERP Software

Acumatica

Acumatica

Best Overall ERP Software

Multiple software editions to accommodate a wide range of business needs and industries. Pricing based on usage, not per-user.

Acumatica is the best ERP software on the market today. Its cloud-based deployment makes it accessible to businesses of all shapes and sizes.

The solution is highly adaptable and easy to implement. It’s an excellent option for small and midmarket organizations that are scaling quickly.

Acumatica has ERP solutions to accommodate businesses in different industries with varying needs. Here’s a look at the products offered by this provider:

  • General Business Edition
  • Distribution Edition
  • Manufacturing Edition
  • Construction Edition
  • Field Service Edition
  • Commerce Edition

Within those categories, Acumatica has tools for a wide range of use cases, including:

  • Financial management
  • CRM
  • Project accounting
  • Reporting
  • Dashboards
  • Business intelligence
  • Inventory management
  • Order management
  • Service management

From managing customers to finances, material purchasing, appointments, teams, and more, Acumatica has it all. Businesses adopting this software benefit from increased productivity, increased cash flow, and quick responses to changes in the market. 

The software is used by nonprofit organizations, healthcare providers, food and beverage businesses, retailers, telecommunication companies, and dozens of other industries. 

Pricing for Acumatica is based on the applications and resources you use, not by the number of users. To get started, schedule a demo, and request a quote. 

#2 – Infor Review — The Best Industry-Specific ERP Solutions

Infor

Infor

Best Industry-Specific ERP

Infor provides custom solutions for various industries. The cloud-based software is trusted by SMBs and global enterprises.

Infor has one of the most extensive ERP product catalogs on the market. It’s trusted by more than 68,000 organizations across the globe. Their solutions are designed to accommodate SMBs and enterprises alike. 

With Infor’s industry-specific cloud ERP tools, businesses across a wide range of categories can improve mission-critical operations. 

Infor has ERP solutions for dozens of industries, including:

  • Distribution
  • Fashion
  • Retail
  • Automotive
  • Defense and aerospace
  • Construction and engineering
  • Government
  • Healthcare
  • Professional services
  • Education
  • Electronics
  • Travel and hospitality

The list goes on and on. From wholesale manufacturers to service industries, Infor provides everything from supply chain management to human capital management and asset management. 

Other highlights of the Infor ERP software include:

  • Personalized home pages
  • Role-based interfaces
  • Improved policy compliance
  • Embedded analytics
  • Production and quality improvement
  • Agile innovation
  • Optimized purchasing
  • Maximum margin assurance
  • Warranty tracking

Again, the possibilities are extensive, to say the least. 

Infor also provides exceptional customer support and 24/7 access to your ERP solution via mobile. The deployment process could take up to 16 weeks, but that’s expected for larger organizations. 

#3 – IQMS Review — The Best ERP Software For Manufacturers

IQMS

IQMS

Best For Manufacturing

ERP software built specifically for manufacturing organizations. Available for on-premises or cloud deployment.

Unlike other software providers that try to accommodate a wide range of business types, IQMS focuses on a single industry—manufacturing.

With that said, IQMS offers specific solutions within the manufacturing category. They have manufacturing ERP software for automotive manufacturing, medical manufacturing, aerospace and defense manufacturing, packaging, process-specific BOMs, stamping, contract manufacturing, and more.

Here’s a quick glance at the manufacturing ERP modules offered by IQMS:

The entire solution is built for end-to-end visibility and control. By implementing IQMS, it will set your manufacturing company on the path to operational excellence. 

IQMS is available for on-premises and cloud-based deployment. 

Here are some of the benefits that customers have seen from using IQMS for enterprise resource planning:

  • Lower inventory costs
  • Maximized plant floor output
  • Quick ROI
  • Efficient team communications
  • Efficient planning and scheduling
  • On-time deliveries based on demand
  • Compliance management
  • Reduced costs associated with rejects, scrap, and poor quality

For single locations and multi-factory locations alike, IQMS is great for any manufacturing organization. If you’re in the market for a manufacturing ERP software or manufacturing execution software (MES), look no further than IQMS. 

#4 – Epicor Review — The Best Versatile ERP Software

Epicor

Epicor

Best For Versatility

Epicor’s ERP solution is designed to accommodate a wide range of business needs and industries. Deploy the software on-site or from the cloud.

Epicor is a top choice for anyone that needs a highly flexible and customizable ERP solution. The platform supports a wide range of industries, including retail, distribution, lumber and building materials, manufacturing, and more.

With Epicor, you’ll have the option to deploy the software as cloud-based SaaS or on-premises. 

In addition to the industry-specific ERP software from Epicor, the provider also offers solutions based on business needs.

  • Supply chain management
  • Planning and scheduling
  • Ecommerce and POS
  • Customer relationship management
  • Data management
  • Business intelligence and analytics
  • Enterprise content management
  • Manufacturing execution system (MES)
  • Financial management

Epicor is IoT-enabled as well. This gives you the ability to monitor your facilities in real-time using data from IoT sensors or PLCs.

For B2Bs and B2Cs alike, Epicor is one of the best ERP solutions on the market today. They also offer exceptional support and additional services, like consulting.

#5 – Deltek Review — Best ERP Software For Small Business

Deltek

Deltek

Best For Small Business

Deltek has ERP software designed specifically for small-to-midsize organizations. The platform also has tools for PSA (professional services automation) software.

Deltek is a well-known name in the business software space. It’s trusted by 30,000+ organizations worldwide. The company has an extensive list of business solutions in various categories. 

While most ERP software on the market is designed for larger enterprises, Deltek has solutions built specifically for small businesses.

Deltek specializes in ERP and PSA (professional services automation) software. These tools are designed to automate crucial business operations while eliminating barriers between departments. You’ll also benefit from advanced reporting and real-time visibility into all aspects of your organization. 

Surprisingly, Deltek doesn’t just have one cookie-cutter solution for all small businesses. They have specific ERP software to address certain small business needs. Examples include:

  • Costpoint for government contracting
  • Costpoint for manufacturing
  • Accounting and project management for architecture and engineering
  • Agency management solutions
  • Business development
  • Human capital management
  • Customer relationship management

The full list of capabilities is quite impressive, especially for small businesses. 

Larger organizations will find some of these tools a bit limiting. Deltek does have a handful of other products for enterprises like commercial enterprise professional services. But overall, it’s a better choice for fast-growing small-to-midsize businesses. 

#6 – OSAS Traverse Review — Best ERP Software For Accounting

OSAS Traverse

OSAS

Best Accounting ERP

OSAS Traverse is perfect for businesses that want an ERP solution with a primary focus on financials. Try OSAS if you’ve outgrown QuickBooks and need an accounting-specific ERP.

OSAS is another highly flexible ERP solution. They provide tools to manage a variety of business processes within a single system. 

OSAS Traverse is a popular choice for nonprofits, field service industries, food businesses, service repair organizations, and businesses in the cannabis field. 

The software really stands out from the crowd with its accounting solutions with integrated ERP functionality. With OSAS Traverse, you’ll benefit from ERP accounting applications like:

  • General ledger
  • Accounts payable
  • Accounts receivable
  • Banking
  • Bank reconciliation
  • Fixed assets
  • Human resources
  • Payroll

OSAS has tools to accommodate small businesses, mid-size organizations, and enterprises alike. If you’re a smaller business that wants to upgrade from QuickBooks to a more advanced accounting system with integrated ERP capabilities, OSAS Traverse should be at the top of your list. 

OSAS Traverse is easy to deploy—choose between an on-premises or cloud-based solution.  

I like OSAS because they let you customize the software based on your needs. You can add-on applications for things like CRM, electronic data interchange, project costing, point of sale, and more. 

#7 – Oracle NetSuite Review — The Best ERP Software For Scalability

Oracle NetSuite

Oracle NetSuite

Best For Scalability

Oracle NetSuite is a top choice for fast-growing tech companies. It comes with built-in business intelligence and automation features.

Oracle NetSuite is a well-respected name in the business software space. Like the rest of Oracle’s solutions, this product is synonymous with high quality and robust technology. 

More than 21,000 organizations worldwide trust Oracle NetSuite for ERP software. It’s one of the highest rated cloud ERP solutions on the market today.

Oracle NetSuite is a top choice for fast-growing startups. They’ve actually carved out a pretty unique niche—the tech IPO category.

Some of the top features of Oracle NetSuite’s cloud ERP include:

  • Order management
  • Financial planning
  • Financial management
  • Product management
  • Supply chain management
  • Warehouse and fulfillment
  • Procurement

With NetSuite, you’ll be able to streamline and automate business processes, giving you the additional resources to accelerate growth for your organization. The software comes with built-in business intelligence, providing you with the data and visual analytics required to make meaningful business decisions. 

For fast-scaling businesses, Oracle NetSuite is our top recommendation. 

Methodology For Choosing The Best ERP Software

Navigating the waters to find the best ERP software for your business can be challenging if you don’t know what to look for. Fortunately for you, we’ve put together this buying guide to help you recognize exactly what you should be evaluating.

The feature sets and considerations below should be the driving force behind your software selection. 

Industry

While there are a handful of “general business” ERP solutions out there, I can’t say that we recommend those. Enterprise resource planning isn’t really a one-size-fits-all tool. 

The top ERP software providers have specific solutions for different industries. It’s definitely in your best interest to find an ERP software that’s built for your industry. 

Business Needs

What exactly are you looking for within an ERP solution? Most of you probably won’t need every single application or business function under the sun. So look for software that gives you the flexibility to customize your software based on business needs.

From human capital management to order management, financial planning, fulfillment, and more, there are dozens of business-specific needs within the ERP category. 

Organization Size

When it comes to enterprise resource planning, most people automatically assume that the software is only designed for global enterprises. But there are actually solutions out there to accommodate a broad range of business sizes, from small to large. 

Make sure the software you’re evaluating fits the needs of your business size. This is especially true for fast-growing companies. You don’t want to outgrow the software and be forced to switch in a couple of years.

Deployment

Do you want ERP software as a cloud-based SaaS? Or would you prefer on-premises deployment?

Cloud ERP has become the new normal. This is definitely a better option for small-to-midsize organizations as well. Plus, cloud deployment is usually more affordable than an on-site solution.

With that said, some businesses and industries are better off with an on-premises solution. Not every ERP software provider offers this option. So keep that in mind as you’re shopping around. 

Acumatica

Acumatica

Best Overall ERP Software

Multiple software editions to accommodate a wide range of business needs and industries. Pricing based on usage, not per-user.

Summary

What’s the best ERP software? Acumatica is our top overall recommendation. It’s flexible enough to support the needs for businesses of all sizes in various industries. 

But Acumatica isn’t for everyone. For those of you with specific needs, you can use the recommendations and methodology outlined in this guide to find the best ERP software for your business. 

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