Although ERP software may seem expensive initially, the integrated processes of ERP software will usually make up for the steep initial investment. Many businesses view ERP software as investments, rather than as costs. These solutions also increase efficiency and, ultimately, value. These solutions can be viewed as assets and not liabilities. Not all ERP solutions are the same. Some are extremely general while others are super-advanced and some are highly specialized.
If you are looking for the best cloud-based ERP software on the market, you have come to the right spot. This article will present the top 10 cloud-based ERP programs currently available. They were ranked according to how well they integrate resources from different departments, as well as their customizability, usability, and analytics. We hope you find the right product for your needs and preferences.
What is Cloud ERP Software?
Let’s start with the basics. A cloud-based ERP system is an ERP system that uses cloud computing to allow users to access the system via the Internet. This title refers to the fact cloud systems can be accessed on a subscription basis and do not require any infrastructure. They are also centrally hosted by the vendor. Market projects that the global cloud ERP market will exceed $101.1 billion by 2025.
Cloud vs. On-Premise Solutions
Cloud-based software has a few key advantages. It’s usually more affordable as it is billed every month. This eliminates huge upfront fees. The system does not require any special infrastructure to work. This is another cost-saving advantage. This infrastructure is easy to implement and doesn’t require any hardware upgrades or additional maintenance. Cloud-based ERP software offers a faster implementation process than traditional on-premise systems. Cloud software is easy to use and requires only an internet connection. This makes it much faster to onboard users. Cloud programs can be accessed from any location, on any mobile device that has an internet connection.
Top 10 Cloud ERP Software
Acumatica’s cloud-based ERP system is suitable for small and medium-sized enterprises (SMBs), and mid-market businesses. The core verticals of Acumatica include:
- Services of a professional
- Technology development companies.
These companies focus on the best ERP software, property management, and non-profit activities. Multi-tenant SaaS, partner Hosting, Acumatica Hosting, and on-premise are all supported deployment models. Acumatica’s cloud apps run on Microsoft Azure and rely upon SQL Azure. Given the company’s size, Acumatica has impressive Azure expertise.
Cloud-based ERP offers a wide range of tools, including financial management, procurement, order, billing, and production management. It also supports warehouse and fulfillment. Its wide variety of services has made it the most popular ERP platform on the market. The application is praised by both business owners and employees for making their work easier, especially when it comes to the overall business goal.
The financial module combines comprehensive accounting capabilities with transparency, compliance, and precision in billing processes. It also provides business intelligence that can be used to help drive the business forward, using industry-specific insight and performance figures.
Oracle ERP Web Cloud
Oracle ERP Cloud is an ERP software company that was founded in 1977. It continues to invest heavily in AI and machine learning. It offers a range of integrated applications that automate routine tasks in finance, project management, and procurement.
The report features the SAP systems SAP S/4HANA and SAP Business One.
SAP S/4HANA offers embedded analytics, machine learning, and robotic process automation, while SAP Business One integrates seamlessly with this platform, but is best suited for small to medium-sized businesses. Another product that is suitable for small- to medium-sized businesses is SAP Business by Design. It’s a single cloud solution that includes pre-built processes as well as real-time analytics.
SAP has been working to reduce complexity in its software implementations and software. This has been achieved by focusing on specific industry models and shifting away from heavy programming to more software configuration.
They are, for example, moving clients from SAP ECC (an off-premise system) into SAP S/4HANA.
Rossum, a cloud-based platform that provides businesses with an intuitive solution for document management, was carefully designed. This AI-powered software is an all-in-one solution for organizing, processing, and collecting all types of transactional documents such as invoices and claims.
Rossum is an intelligent document curator and gathers all documents from various sources, including email, document scanners, and other document management systems. Rossum automatically sends confirmation messages with all the information your business partners need to know about the status of documents sent.
Next on our list is a small-business-friendly cloud-based ERP system with many satisfied customers. BizAutomation offers a comprehensive suite of business management software that can be used in a variety of industries such as wholesale, distribution, manufacturing, and retail. The hybrid cloud approach to the system includes a private cloud with tier 1 SOC, a data center that is compliant with AICPA, and a public cloud that provides data redundancy.
BizAutomation is one of the most affordable ERP cloud products. They offer a single edition for $79.95 per user per month. Customers have found the system to be a good balance of comprehensive functionality and ease of use. These attributes make BizAutomation a great option for small businesses, regardless of their budgets or lack of IT staff.
Ketchie ERP provides a robust platform for a wide range of ERP functions including customer support, financial management, and inventory management. The platform also offers many features for order management, multi-warehouse management, and procurement. The software can be used by small and large businesses as well as start-ups or large companies, particularly those involved in the food, electronics, clothing, and consumer goods industries.
Ketchie ERP is built on a secure cloud infrastructure and provides many tools that automate and synchronize your business processes. Its CRM solution is one of its core modules. This allows you to access all your customer data and manage them from one database. You can also use powerful analytics tools to track and analyze your sales performance.
Our report features the Microsoft systems Microsoft Dynamics 365 Supply Chain Management, and Dynamics 365 Business Central.
Supply Chain Management offers both complex and mixed-mode manufacturing capabilities, as well as full warehouse management capabilities. It can also be extended by industry-specific apps from the Microsoft AppSource marketplace.
Microsoft has spent a lot of time over the years developing Dynamics CRM Software. It integrates and shares many similarities with Dynamics 365 ERP solutions.
One of the most interesting facts about Microsoft is its dependence on value-added resellers (VARs). One of our clients was a Native American community that was searching for an ERP system. They worked with a Microsoft VAR who specialized in tribal government ERP systems.
Brahmin solutions, cloud-based inventory management, and warehouse management software, are designed for distributors, wholesalers, and retailers. This software solution is perfect for small businesses.
It can manage multiple inventories through different channels and warehouses at different locations. Brahmin Solutions offers a central platform that allows you to monitor and manage inventory, B2C or B2B sales transactions, and order fulfillment. It also provides accounting and accounting.
Multi-channel eCommerce supports multiple currencies to facilitate international sales transactions. Brahmin Solutions supports brick-and-mortar businesses by supporting inventory and warehouse management. You can keep up with your inventory and sales by providing real-time updates. This will allow you to replenish your orders quickly, and ensure that perishable items are sold before they expire.
Brahmin Solutions makes it easier to streamline your business processes. This software seamlessly integrates into other applications such as eCommerce platforms and online payment gateways. It also offers shipping and fulfillment solutions, accounting, and 3PL.
This ERP software starts at $199 per month and is available for five users or less. It is perfect for small businesses that have fewer than 1,000 monthly orders.
Our report features Infor systems. These are Infor’s specific CloudSuites.
These CloudSuites include pre-built industry capabilities as well as AI that predicts, recommends, and derives insights. Cloud-enabled data integration and aggregation are also available in the CloudSuites.
Infor has been focusing more on its CloudSuites, as well as its digital platform and functional apps, as well as its analytics offering. Many organizations are using Infor’s analytical capabilities to transform their business models.
Let’s sum it all
Cloud ERP software providers have been successful in expanding their services and products to vertical markets. Now they are focusing on selling to more enterprises. Two-tier ERP selling strategies have become commonplace. Cloud ERP software providers present themselves as an ERP instance that is integrated into the legacy ERP program.
The best cloud ERP providers continually improve their analytics, BI, and quality management systems. This is something to keep in mind when you are searching for your cloud ERP solution.
Akshay is a Software Analyst at Techimply, India. With experience in the technology-driven field, he has mastered his knowledge on How(s) and What(s) to be done for a business. Also, he’s keen to share his knowledge on a few technology-related topics such as cloud technologies, ERP, CRM, POS Software, and data security with readers that can assist any kind of business.