Everything ERP you need to know when comparing products
An ERP system is an integrated management software that will automate some of the most important elements of your business processes, including sales, marketing, product planning and development, and payroll, for better workplace efficiency. They can include specific industry features such as configure-to-order (CTO) or make-to-order (MTO), and field service management (FSM), or broader application solutions like enterprise asset management (EAM) and product life cycle management (PLM).
ERPs, like all other software, can be found on the cloud or on-premise. The benefit of implementing a cloud-based ERP allows you to access information and work from anywhere. To learn more about moving to the cloud, click here.
In 2020, the global ERP software market was valued at $41 billion, and is projected to reach $57 billion by 2025, (7.40% growth) from 2021 to 20251. The largest industry segment of ERP users are in North America and the fastest growing region is expected to be Asia-Pacific.
Comprehensive List of Main ERPs on the Market
Some of the most popular and well known ERPs include:
In alphabetical order
- Acumatica Cloud ERP
- Deltek Vision
- Epicor ERP
- FinancialForce ERP
- IFS Applications
- Microsoft Dynamics 365
- Oracle NetSuite
- Ramco ERP Suite
- Rootstock ERP
- Sage Intacct
- SAP ERP
- Tyler Technologies ERP
- Unit4 ERP
Read on for some of the most shared pros and cons of each software. No matter the software you select to use at your organization, what is most important is to ensure it fits properly into your current, and future, system architecture (seamless communication) and can support your organization strategic goals including scaling as opportunities arise.
For more information about the ERPs Big Bang works with, click here.
ERP Leaders Breakdown
Acumatica Cloud ERP
Acumatica is a provider of cloud business management software that empowers small and mid-size businesses. Acumatica delivers a suite of fully integrated business management applications such as Financials, Distribution, CRM and Project Accounting, powered by a robust and flexible platform – strong on mobile.
Overview of Acumatica Cloud ERP
|Head Quarters||Washington, DC|
|Total Funding Amount||$48.3 million|
Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. Deltek provides enterprise management application software, maintaining a focus on the architecture and engineering, IT services, management consulting, construction, systems integration and government contracting markets.
Overview of Deltek Vision
|Parent Company||Roper Technologies|
|Head Quarters||Herndon, Virginia|
|Total Funding Amount||$2 million|
|Funding Rounds||1 round|
Epicor Software is a global leader delivering business software solutions to the manufacturing, distribution, retail, hospitality and services industries. With 20,000 customers in over 150 countries, Epicor provides integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), human capital management (HCM) and enterprise retail software solutions that enable companies to drive increased efficiency and improve profitability
Overview of Epicor ERP
|Parent Company||Clayton, Dubilier & Rice|
|Head Quarters||Austin, TX|
|Total Funding Amount||$5.7 million|
Designed to foster collaboration across your departments, FinancialForce is the number one Salesforce native cloud ERP application. It uses the data in the CRM you already have, eliminating the need to maintain several different systems of record. This results in a highly efficient, error-free, and cost-effective solution that goes far beyond basic bookkeeping. Read on here.
Overview of FinancialForce ERP
|Parent Company||Financial Force|
|Head Quarters||California, USA|
|Total Funding Amount||$193 million|
Microsoft Dynamics 365
Microsoft Dynamics is part of “Microsoft Business Solutions”. It is their enterprise resource planning and customer relationship management software applications. Microsoft Dynamics is designed midsize to enterprise organizations. As it is a Microsoft product, it plays well with other Microsoft software products including Outlook.
Overview of Microsoft Dynamics 365
|Head Quarters||Seattle, USA|
Odoo, formerly OpenERP S.A, is a suite of business management open-source software tools including CRM, e-commerce, billing, accounting, manufacturing, warehouse, project management, and inventory management. Odoo is similar to many open-source projects where customized programming, support, and other services are provided by an active global community and partners network.
Overview of Odoo
|Head Quarters||Louvain-la-Neuve, Walloon Region|
|Total Funding Amount||$104.1 million|
Oracle NetSuite ERP
Run all of your back-office operations and financial processes in the cloud – including accounting, inventory, and order management. Oracle NetSuite helps to cut IT costs, reduce financial close times, and improve quote-to-cash. More companies make their official IPO leveraging NetSuite than any other ERP software. Read on here.
Overview of Oracle NetSuite ERP
|Head Quarters||California, USA|
|Total Funding Amount||$157 million|
Backed by four decades of manufacturing experience, Rootstock ERP has been at the forefront of providing a new generation of cloud ERP designed for the age of personalization. Built on the FORCE.com platform, Rootstock offers the technology that manufacturers need to satisfy increasing customer demands. Read on here.
Overview of Rootstock ERP
|Head Quarters||San Ramon, California.|
|Total Funding Amount||$28.2 million|
Sage Intacct ERP
Leverage integrated management, operations, and financial reports across an entire business in real-time to help drive growth further and faster by both automating processes and providing greater visibility on your business performance. It’s clear; Sage Intacct ERP was designed for finances by a finance team. Read on here.
Overview of Sage Intacct ERP
|Parent Company||The Sage Group PLC|
|Head Quarters||San Jose, California|
|Total Funding Amount||$170 Million +$850 Million Acquisition|
SAP ERP is an on-premise (not native cloud) enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006. The most recent Enhancement Package (EHP8) for SAP ERP 6.0 was released in 2016. SAP was founded by five former IBM employees to develop a standard ERP business application software, with the goal of processing business information in real-time.
Overview of SAP ERP
|Parent Company||SAP SE|
|Head Quarters||Walldorf, Baden-Württemberg, Germany|
Workday is the leader in SaaS-based enterprise solutions for human resources, payroll and financial management, providing new levels of business agility. In 2020, Fortune magazine ranked Workday Inc. at number five on their Fortune List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction.
Overview of Workday
|Head Quarters||Pleasanton, California,|
|Total Funding Amount||$230.6 million|
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