ERP Systems are comprehensive, integrated systems which control all major elements of a manufacturing-based business, line-up financial management, human resources, operations management, and manufacturing with the core accounting system. ERP systems are also used to maintain consistency in the entire sale cycle by the continuous monitoring of production, accounting, and content.
360Quadrants has released a quadrant, best ERP Systems to help businesses make quicker and more informed decisions for their businesses. Ranking Quadrants are generated post analysis of companies (product portfolios and business strategies) and will be updated every three months based on market and regional analyses and developments in the ERP Systems space. 360Quadrants conducts an in-depth SWOT analysis which helps service providers in learning about new opportunities and areas where they lag behind their peers. It also helps clients in choosing the most appropriate vendor for their requirements.
CATEGORIZATION OF ERP Systems companies
360Quadrants evaluated over 30 companies offering ERP Systems of which the top 13 were categorized and placed on a quadrant under Visionary Leaders, Dynamic Differentiators, and Emerging Leaders.
SAP, NetSuite, Epicor, Sage Acumatica, Tally, Odoo, Syspro, Microsoft Dynamics NAV, Orion Enterprise, and Munis have been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategies. They have strong portfolios of best ERP Systems and associated services. These vendors have been marking their presence in the ERP Systems market by offering highly customized and easily deployable software for their commercial clients, coupled with their robust business strategies to achieve continued growth in the market.
ERPNext has been identified as an emerging company as it has a niche product offering and a decent business strategy which helps it achieve consistent growth. The emerging players specialize in offering highly niche and tailor-made solutions and services to their clients. Most of the emerging vendors have been undertaking multiple acquisitions and boosting their sales capabilities in various regions to offer integrated services to a wide range of clients.
Mie Trak Pro and Skubana have been recognized as dynamic differentiators as they have innovative portfolios of solutions and services. They have extensive networks of channel partners and resellers to increase the deployment of their services across various vertical markets. Over the years, the dynamic vendors have been consistently generating positive revenue growth in the accounting solutions market and their positions are enhanced by organic and inorganic strategies undertaken by them over the period.
360QUADRANT COMPANY EVALUATION METHODOLOGY
Top ERP Systems Companies have been rated using the following methodology –
360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.
360Quadrants will also be launching quadrants in fields such as Accounting Software, Human Resource Software, and video surveillance systems.
ERP systems are comprehensive, integrated systems which handle all key elements of a manufacturing-based business, align financial management, human resources, operations management and manufacturing with the core accounting system. ERP systems can be used to maintain consistency in the whole sales cycle by monitoring production, accounting, and content aspects. Various departments can access the details recorded by ERP to ensure that the proper processes are implemented. Manufacturing and product-centric companies use ERPs. Rather than using fully featured products that may not implement correctly, ERP systems provide consistency in each department from start to finish of all business operations. Although ERPs within itself cover a broad range of features.
Enterprise Resource Planning (ERP) is a business management software that operates in real-time. It is a suite of integrated applications that any company can use to collect, store, manage, and interpret data from their business activities. ERP uses a common database that are maintained by a database management system. ERP can share the business data and eases the flow of information across various departments between all business functions. ERP can integrate diverged organizational systems and provide error-free transactions for improving business efficiency. ERP can support myriad business applications and can be deployed on-premises, cloud-hosted, or SaaS.
SAP Business One is an Enterprise Resource Planner software also known as SAP B1. It is designed for small and midsized businesses to help manage their business with various functional modules. SAP Business One can used to automate typical key business functions such as financials, operations, and human resources. SAP Business One can arranged into 15 functional modules including financials, Sales Opportunities, Banking, Sales – A/R, Purchasing A/P, Business Partners and Inventory. SAP Business One is an easy-to-use business management solution can integrated all of your key business areas including financial management, purchasing, sales, distribution, customer service management (CRM), inventory management, production, project management and field service.