The best ERP software in 2024

Hero image with the logos of the best ERP software solutions

So you have a growing company with a bunch of separate departments that all have separate needs. An accounting team that needs to track expenses, an HR team managing sensitive personal information, a marketing team reporting web analytics, and a logistics team doing whatever it is logistics teams do.

You could get one-off apps catered to each department, but rolling them out separately and integrating them across teams sounds like an expensive, inefficient way to silo departments. A better solution is enterprise resource planning (ERP) software.

I did in-depth research on ERP software, spoke to folks who are actually using this software day in and day out, and watched so many demos that I started to dream in ERP. Based on all that, I whittled down a list of the best ERP software out there.

The 8 best ERP software solutions

Odoo ERP  for custom business processes

SAP Business One for growing companies

ERPNext for the best value ERP

Microsoft Dynamics 365 for dynamic use cases

Acumatica Cloud ERP for the best user experience

Katana for inventory management

Sage Intacct for accounting

What is enterprise resource planning (ERP) software?

ERP software is a comprehensive platform that connects individual teams across an enterprise and gives each user the tools they need to do their jobs efficiently. ERPs can cover a huge range of use cases in virtually any industry, streamlining cross-functional collaboration, preventing data silos, and simplifying workflows in the process.

Here are some common features of ERP software, categorized by use case:

Accounting and finance: tax management, general ledger, financial reporting, transaction data

Inventory and warehousing: inventory tracking, inventory management automation, stock replenishment, wave management, shipping integrations

Orders and fulfillment: invoicing, reporting, payment processing, order tracking, order validation, dropshipping

Supply chain: production data, outstanding order tracking, demand analysis, mobile device tracking

Marketing and sales: client communication, forecasting, customer acquisition cost reporting, workflow management, project analytics

With an ERP system in place, data collected by one department is instantly available to anyone who needs it in any other department. 

For example, a merchandise company may use sales orders initiated by its billing team to trigger shipments fulfilled in its warehouse. An ERP system ensures the warehouse manager can see updated order information being processed by the billing manager, while the accounting department stays up to date on all revenue and expense data.

What makes the best ERP system?

ERP systems have incredibly diverse ranges of utilities and use cases, which makes them tricky to rank objectively. Plus, some have features that cater to niche industries, so a product that's a perfect match for one enterprise may be off the table entirely for another.

To narrow down the playing field, I assessed each ERP software option according to these core criteria:

Range of use cases: ERP software should have wide-ranging capabilities that cover virtually every business process need across an enterprise. Some ERP solutions are really accounting software or logistics platforms with moderate additional functionality, for example, while others are equally powerful tools for all teams.

User experience: This is complex software with a lot of moving parts, so the user experience is extremely important. The structure of the software, how logically designed it is, how similar it is to solutions team members already use, and how fast it runs are all UX considerations.

Scalability: Some ERP software is designed specifically for SMBs, while others are meant for huge enterprises, and some can bridge the gap between the two. This factor gauges how well an ERP software solution can grow with an organization and continue meeting its needs as it grows.

Customization: Not all enterprises operate the same way, so customization potential can be huge for ERP software. This factor assesses how readily the software can be altered to suit the distinct needs of a company and its workflows, processes, and UX preferences.

In the list below, I rank each ERP platform on a 1-5 scale for each of these criteria based on consensus user reviews.

I want to be transparent that since ERP software is so complex, and few (if any) options offer trial access, it's not really possible to test them all individually. To make my assessments, I read information posted on product websites, perused real reviews on software sites like G2 and Capterra, analyzed trends in third-party reviews, watched video demos and guides, and asked real users about their experiences with ERP software. Based on all those inputs, here are my picks for the best ERP software.

The best ERP software at a glance

Best all-around erp software, oracle netsuite erp.

Screenshot of Oracle Netsuite ERP dashboard with graphs.

Range of use cases: 5/5

User experience: 4/5

Scalability: 5/5

Customization: 4/5

This should come as a pretty cold take—Oracle is a SaaS juggernaut, and its pioneering ERP product is used by tens of thousands of companies across the globe. NetSuite's LinkedIn profile even claims it became the world's first cloud company in 1998. In some cases, tech this old can grow stagnant and get surpassed by new companies, but Oracle has used its industry standing to improve the NetSuite product year over year.

The Oracle NetSuite ERP gets the nod here for best all-around ERP software because it excels on all fronts and is truly an all-in-one business solution. Its applications run the usual gamut of industries like financial services, consumables, healthcare, and IT, but also include more niche applications like campus bookstores and publishing. 

This isn't a jack of all trades, master of none scenario. Oracle NetSuite performs better than most—if not all—competition in really every category. Users point out that its intuitive custom dashboards offer the rare combination of user-friendliness and complexity, whether it's being used to handle accounting, supply chains, procurement, or just about any business use in between. As an example, Jeff Clark, CEO and webmaster of AIToolMall , told me that "NetSuite offers excellent reporting and forecasting capabilities, providing valuable insights for strategic decision-making."

It's tough to find many faults with Oracle NetSuite ERP, but the most commonly cited issues I've seen have to do with implementation and cost. It's not the cheapest option, and rollout can be a little complex and laborious, so it may not be the best choice for smaller organizations with limited internal IT resources. 

Key feature: User-friendly access to many features

Key limitation: Implementation can be resource-intensive

Best ERP for custom business processes

Screenshot of Odoo ERP dashboard with widgets.

Scalability: 4/5

Customization: 5/5

As an open source solution, Odoo is an easy winner for customization capabilities. With a wide-ranging suite of utilities, a plethora of native apps, open source architecture, and a free community version, Odoo is one of the more distinctive ERP offerings on the market.

Shirtzilla founder Vitaliy Kharitonov raved to me that Odoo's inventory and order processing features make it a "game-changer, streamlining operations and enhancing customer satisfaction." Designed to be a one-stop shop for all business process needs, Odoo includes pre-built apps for everything from customer relationship management (CRM) and point-of-sale (PoS) to time off requesting and expense reporting to publishing and live chats. Whether you're running a shipping business, a medtech company, or a restaurant chain, there's likely already an application that can be deployed or customized to suit every essential task within your organization. 

For the tasks that slip between the cracks, Odoo also has a bustling third-party app marketplace. It even integrates readily with lots of popular third-party applications you may already use, like Microsoft Office, Google Drive, and QuickBooks. You can also integrate Odoo with Zapier , which will let you connect Odoo to thousands of other apps too. Here are some examples.

Create leads on Odoo ERP Self Hosted for new Google Ads leads

Google Ads logo

Send Slack messages for new OpenERP records

Slack logo

Create OpenERP records for new WooCommerce orders

WooCommerce logo

And if all those options still leave you with an unfulfilled need, Odoo's no-code app studio lets you create custom mobile apps, reports, workflow automations, screens, and more. 

The cost of all this flexibility, however, is that open source solutions can be tricky to work with on the back end and expensive to troubleshoot. Beyond the general bug and issue help offered by the included support level, users can buy support packs in hourly blocks that can rack up to five figures pretty quickly. If you've got a skilled IT team, you may not need much support since the included support and community are still really useful, but this could definitely be a deterrent to smaller, less techy organizations. 

If your IT team can handle it, Odoo is fairly affordable (and, again, has a rare free ERP offering), well designed, and incredibly flexible.

Key feature: Open source customization capabilities

Key limitation: Customization and troubleshooting can be expensive or cumbersome for small IT teams

Best ERP for growing companies

Sap business one.

Screenshot of SAP Business One ERP dashboard with various graphs.

Range of use cases: 4/5

If I had to whittle down all ERP software providers to one Oracle competitor, it'd be SAP. Founded in 1972, parent company SAP SE has been in the business software game even longer than Oracle (1977) and offers five ERP options, including Business One, which is ideal for growing businesses with up to a few hundred employees.

Designed specifically for the SMB market, Business One has a lower price tag than some of the more robust SAP offerings and a quick rollout timeline. But that doesn't make it light on features—it still packs SAP's premium functionality into a tool that can handle just about any business process for virtually any SMB. To that end, Josh Snow, CEO of Customer Feedback , calls it "a fantastic, all-inclusive service."

With over 500 extensions, real-time analytics, flexible plans, a custom software development kit, and both cloud and on-premises deployment options, SAP Business One is designed to grow with SMBs. It's impressively customizable, allowing users to build apps, automate menial tasks, create custom dashboards, and really design the ERP ecosystem that works for their unique business and industry.

Business One is perfect for smaller enterprises that want a modular, powerful solution, but it's worth noting that it's not SAP's intended large enterprise product. Organizations that expect to grow to around 500 users in the foreseeable future may want to look to another option in the SAP ERP suite, like S/4HANA.

Key feature: Flexible, modular deployment for SMBs

Key limitation: Utility has a ceiling of a few hundred users

Best value ERP

Screenshot of ERPNext ERP Accounts Dashboard.

Scalability: 3/5

A completely free and open source option, ERPNext comes in as a screaming value for users who can install, host, and operate it locally. Paid, hosted options start at just $50 per month for unlimited users, and education and nonprofit organizations may even qualify for additional discounts. It may not have the kind of out-of-the-box utility premium ERP products promise, but it should still be plenty usable for many SMBs.

ERPNext can handle just about every ERP need imaginable, with tools for processes including CRM, help desk, content management, project management, human resources, payroll, order management, and inventory management. Since it's an open source solution designed for low overhead, it just doesn't offer those tools with the kind of simplicity you're likely to get out of the box with a bigger player in the ERP space. To help make up for that, it does offer lots of native integrations with common third parties like WooCommerce, Shopify, Google Drive, Amazon, and Stripe. 

For an open source platform, ERPNext has an interface that gets high user marks for its user-friendliness, though its design is predictably a little lo-fi. But the applications themselves, once implemented, are rich. ERPNext offers standout features like multi-currency accounting, auto-generated invoices, lead analysis, Kanban and Gantt views, hierarchical bill of materials, real-time help desk insights, and much more. And when you enter data in one field, related fields automatically update across datasets, ensuring every user in every module accesses the same information. 

When it comes time to implement ERPNext, users will find that support and community knowledge are pretty strong. Rollout comes with a consultation call, and there's even a partner ecosystem to help IT teams format the software to their particular needs. Considering this is free software, it can be well worth the time and effort for SMBs with dedicated IT teams looking for an ERP solution that can keep overhead low.

Key feature: Surprisingly feature-rich free software with open source flexibility

Key limitation: Can require a lot of IT resources to implement and customize

Best ERP for dynamic use cases

Microsoft dynamics 365.

Screenshot of Microsoft Dynamics 365 ERP dashboard widgets.

User experience: 3/5

This wouldn't be a business software list without a Microsoft product, and true to form, its Dynamics 365 ERP offering makes this list for its versatility. Fitness Volt writer and strategist Matthew Magnante told me that its combination of ERP and CRM products "gives companies the ability to see their entire process from beginning to end, automate it, and analyze it in order to improve their operations, engage their customers, and drive growth." Hence, dynamic.

Dynamics seamlessly integrates CRM tools alongside its robust operational tools. This makes it very capable of connecting internal business processes like logistics and custom workflows with customer-centric processes like PoS processes and interaction reporting. 

And it gets bonus points here for dynamic AI integration. With its Copilot service, Dynamics helps users cut down on repetitive tasks and reduce human error with AI-driven email creation, intelligent work order filling, issue identification, inventory ordering, automated reporting, and much more. 

If there's one drawback I've seen mentioned across the internet about Dynamics 365, it's user experience. Despite the exciting potential of integrated AI, its reporting and forecasting capabilities have been known to be a little clunky and may require third-party integrations for some users. It also comes with pretty hefty resource requirements, so the software itself can be cumbersome for users without top-notch hardware to run it on.

It's also worth noting that as a Microsoft product, Dynamics 365 is more functional for organizations that already deploy other Microsoft products. It stands to reason that Microsoft prioritizes its own native solutions, so even though there are decent third-party integrations available, if you're used to the MS suite, you'll have a lower learning curve and a simpler time working with the software overall.

If you use Microsoft Dynamics CRM, you can automate it with Zapier to connect it to thousands of apps outside the Microsoft ecosystem. Learn more about how to automate Microsoft Dynamics CRM , or get started with one of these workflows.

Copy new leads from Facebook Leads Ads to Microsoft Dynamics 365 CRM

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Add new leads in Microsoft Dynamics as contacts in ActiveCampaign

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Key feature: Scalable AI integrations

Key limitation: Requires significant hardware resources to run effectively

Best ERP for user experience

Acumatica cloud erp.

Screenshot of Acumatica Cloud ERP dashboard with several charts and graphs.

User experience: 5/5

Customization: 3/5

With software as complicated as an ERP system, sometimes user experience can become underrated, but Acumatica Cloud ERP gets consistently high marks for its ease of use.

Acumatica Cloud ERP has a refreshingly intuitive interface that's easy to onboard—almost to a fault. It's not overly dynamic, but given the complexity of ERP software in general, that's not necessarily a bad thing. Thanks to drag-and-drop boards and workflows, a logically designed and easily customizable dashboard structure, clean reports, no-frills data logging, and a hybrid no-code/low-code ecosystem, new users should be able to adjust pretty readily to Acumatica Cloud ERP. 

For its relative simplicity, Acumatica Cloud ERP has decent AI and automation functionality. Users can easily set up trigger-based sequences to create customized automated workflows. AI is nicely integrated, with standout features like guided reporting, interactive customer support assistance, and the ability to turn photos of receipts into expense reports.

Acumatica Cloud ERP is positioned mainly as a solution for more traditional ERP fields like construction, manufacturing, and distribution. But since it's readily customizable and has a modular pricing structure, it's not a stretch to use it across consumables, education, hospitality, and other industries that have more recently started flooding the ERP software game. 

That said, one of the most common user complaints about the software is how complex customization can be. Fitting the software to less standard business processes and niche industries may be trickier with Acumatica than other ERP providers. Its overall accessibility should more than make up for that shortcoming, though. For example, Bin There Dump That Marketing Manager Luke Hancock told me that "Acumatica's ability to integrate with other systems and its mobile accessibility are two unique features that enhance its effectiveness as an ERP platform."

Key feature: Simple interface and clean UX

Key limitation: Customization can be complex

Best ERP for inventory management

Screenshot of Katana MRP ERP dashboard with four graphs.

Range of use cases: 3/5

Since Katana is an ERP system explicitly designed for SMBs in the manufacturing industry, it shouldn't come as a huge surprise that it stands out for inventory management. Just ask EIN Search CMO Anila Lahiri, who told me, "By managing everything from raw materials and inventory to performance analysis and automated manufacturing expenses, Katana's ERP software helps manufacturers enhance efficiency and profits."

While it's technically ERP software that can connect processes across organizational departments, Katana may be a little closer to material requirements planning (MRP) software with ERP functionality. For businesses that revolve around physical inventory, some of its standout features include live inventory management tools, omnichannel sales order management, outsourced purchase tracking, automatic stock refactoring, time tracking, scheduling, and task prioritization. Katana makes it simple to issue purchase orders, handle accounting in the cloud, gain insights into expenses, and stay ahead of inventory issues across locations.

That doesn't mean Katana is only useful for pure production or shipping industries. Its open API and no-code ecosystem can help users across industries adapt the software to their needs through custom workflows, data synchronization, app building, and third-party integrations. Katana's Zapier integration opens you up to automating work across thousands of apps, so you can do things like create sales orders or customers in Katana based on actions taken in other apps. Here are a few examples.

Create Katana sales orders from new paid invoices in Xero

Xero logo

Create Katana sales orders from new rows on Google Sheets

Google Sheets logo

Create Katana sales orders from new orders in BigCommerce

BigCommerce logo

Katana even offers generous implementation assistance to help you roll its product out and ensure it's ready to handle your unique needs.

Katana is also, by all accounts, one of the easiest ERP platforms to use and onboard. It also gets high marks for customer service, making it an easy choice for manufacturing and adjacent industries as well as a strong option even for industries that fall outside of the traditional MRP software market.

Key feature: Robust live inventory management capabilities

Key limitation: Not ideal for industries that don't rely on physical inventory

Best ERP for accounting

Sage intacct.

Screenshot of Sage Intacct ERP role-based dashboard.

As an accounting-first ERP solution, Sage Intacct excels at virtually all enterprise-level financial use cases across industries, though it's somewhat limited as ERP software.

Similar to Katana, Sage Intacct is very strong in its intended use case but may not be the most functional choice for every organization. Sage promotes Intacct as ERP software, which is technically true, but it feels a little more like accounting software with just enough ERP-like functionality to classify as an ERP solution. This is especially true where business processes intersect with financial processes, such as sales order processing, inventory tracking, customer reporting, and accounts payable.

Sage Intacct has some of the industry's best financial reporting capabilities. Its custom dashboards are sleek and user-friendly, its intelligent general ledger uses AI to streamline data across separate reports, and its reports can be readily adapted to meet the data needs of just about any industry or stakeholder. It even comes with 150 pre-built financial reports that cut out the need to spend time building new reports or retrofitting reports from previous software. The Custom Report Writer is also a nifty addition, allowing users to create interactive reports to display granular advanced analytics.

When applied beyond accounting, Sage Intacct isn't the most capable ERP system, as it lacks some of the feature-rich applications others have for use cases like sales, customer support, and logistics. Some of its shortcomings can be overcome via more than 350 available third-party integrations, which include tools for features you'd expect from an ERP, like CRM, PoS, eCommerce, tax automation, time tracking, and supply chain management. 

For needs not addressed by the app marketplace, the Web Services API can bridge the gap with other integrations. Plus, its Platform Services feature allows users to further customize the software or extend its utility with custom applications and data objects, code-free. This doesn't make Sage Intacct as customizable as open source solutions, but it definitely helps it function like other ERP software.

Overall, users who want a truly all-in-one ERP solution will probably want to look elsewhere. But for pure accounting capabilities with decent ERP functionality, Sage Intacct is hard to beat, as Solvid CEO Dmytro Spilka told me: "Sage Intacct's advanced accounting services has helped me to manage my own HR services to employees while keeping on top of expenses in a way that ensures a steady long-term cash flow." 

Key feature: Robust accounting and financial solutions, including intelligent general ledger

Key limitation: Broader ERP functionality can require integrations or custom applications

Make business processes easier by automating your ERP

This is by no means an exhaustive list—there are dozens of ERP options out there. But whether you choose one of these options or not, even the best ERP software can be enhanced by automation. 

Zapier can connect the apps everyone in your organization depends on, bringing no-code automation to every facet of your business. Learn more about how to automate work across departments .

Related reading:

The best enterprise project management software

The best project management software for small businesses

3 productivity tools to check out, according to a software expert

The best CRMs for small business

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Bryce Emley

Currently based in Albuquerque, NM, Bryce Emley holds an MFA in Creative Writing from NC State and nearly a decade of writing and editing experience. His work has been published in magazines including The Atlantic, Boston Review, Salon, and Modern Farmer and has received a regional Emmy and awards from venues including Narrative, Wesleyan University, the Edward F. Albee Foundation, and the Pablo Neruda Prize. When he isn’t writing content, poetry, or creative nonfiction, he enjoys traveling, baking, playing music, reliving his barista days in his own kitchen, camping, and being bad at carpentry.

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Enterprise Resource Planning (ERP): Meaning, Components, and Examples

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What Is Enterprise Resource Planning (ERP)?

Enterprise resource planning (ERP) is a platform companies use to manage and integrate the essential parts of their businesses. Many ERP software applications are critical to companies because they help them implement resource planning by integrating all the processes needed to run their companies with a single system.

An ERP software system can also integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more.

Key Takeaways

  • ERP software can integrate all of the processes needed to run a company.
  • ERP solutions have evolved over the years, and many are now typically web-based applications that users can access remotely.
  • Some benefits of ERP include the free flow of communication between business areas, a single source of information, and accurate, real-time data reporting.
  • There are hundreds of ERP applications a company can choose from, and most can be customized.
  • An ERP system can be ineffective if a company doesn't implement it carefully.

Investopedia / Joules Garcia

Understanding Enterprise Resource Planning (ERP)

You can think of an enterprise resource planning system as the glue that binds together the different computer systems for a large organization. Without an ERP application, each department would have its system optimized for its specific tasks. With ERP software, each department still has its system, but all of the systems can be accessed through one application with one interface.

What Does ERP Do?

ERP applications also allow the different departments to communicate and share information more easily with the rest of the company. It collects information about the activity and state of different divisions, making this information available to other parts, where it can be used productively.

ERP applications can help a corporation become more self-aware by linking information about production, finance, distribution, and human resources together. Because it connects different technologies used by each part of a business, an ERP application can eliminate costly duplicates and incompatible technology. The process often integrates accounts payable, stock control systems, order-monitoring systems, and customer databases into one system.

How Does It Work?

ERP has evolved over the years from traditional software models that made use of physical client servers and manual entry systems to cloud-based software with remote, web-based access. The platform is generally maintained by the company that created it, with client companies renting services provided by the platform.

Businesses select the applications they want to use. Then, the hosting company loads the applications onto the server the client is renting, and both parties begin working to integrate the client's processes and data into the platform.

Once all departments are tied into the system, all data is collected on the server and becomes instantly available to those with permission to use it. Reports can be generated with metrics, graphs, or other visuals and aids a client might need to determine how the business and its departments are performing.

A company could experience cost overruns if its ERP system is not implemented carefully.

Benefits of Enterprise Resource Planning

Businesses employ enterprise resource planning (ERP) for various reasons, such as expanding, reducing costs, and improving operations. The benefits sought and realized between companies may differ; however, some are worth noting.

Improves Accuracy and Productivity

Integrating and automating business processes eliminates redundancies and improves accuracy and productivity. In addition, departments with interconnected processes can synchronize work to achieve faster and better outcomes.

Improves Reporting

Some businesses benefit from enhanced real-time data reporting from a single source system. Accurate and complete reporting help companies adequately plan, budget, forecast, and communicate the state of operations to the organization and interested parties, such as shareholders.

Increases Efficiency

ERPs allow businesses to quickly access needed information for clients, vendors, and business partners. This contributes to improved customer and employee satisfaction, quicker response rates, and increased accuracy rates. In addition, associated costs often decrease as the company operates more efficiently.

ERP software also provides total visibility, allowing management to access real-time data for decision-making .

Increases Collaboration

Departments are better able to collaborate and share knowledge; a newly synergized workforce can improve productivity and employee satisfaction as employees are better able to see how each functional group contributes to the mission and vision of the company. Also, menial and manual tasks are eliminated, allowing employees to allocate their time to more meaningful work.

ERP Weaknesses

An ERP system doesn't always eliminate inefficiencies within a business or improve everything. The company might need to rethink how it's organized or risk ending up with incompatible technology.

ERP systems usually fail to achieve the objectives that influenced their installation because of a company's reluctance to abandon old working processes. Some companies may also be reluctant to let go of old software that worked well in the past. The key is to prevent ERP projects from being split into smaller projects, which can result in cost overruns.

Employing change management principles throughout the ERP life cycle can prevent or reduce failures that compromise full implementation.

Some familiar names are leaders in ERP software. Oracle Corp. ( ORCL ) originally supplied a relational database that integrated with ERP software developed by SAP ( SAP ) before entering the broader enterprise market in a big way in the early 2000s. Microsoft ( MSFT ) has long been an industry leader, with many customers using multiple software applications from the company.

As cloud-based solutions have grown in popularity in recent years, the traditional ERP industry leaders have seen challenges from upstarts such as Bizowie and Workwise.

ERP Examples

Fulton & roark.

Men's grooming product maker Fulton & Roark successfully implemented enterprise resource planning to better track inventory and financial data. Like many other businesses, the North Carolina company used spreadsheets to track inventory and accounting software to record financial data.

As the company grew, its processes lagged. Their antiquated inventory tracking system did not account for changing costs, and the accounting software could not record the metrics needed for key financial statements. These breakdowns created manual processes, which further compromised time and resources.

To eliminate unnecessary processes and centralize work, they chose the Oracle NetSuite ERP system. Immediately, Fulton & Rourk was better able to identify accounting errors related to inventory, eliminate costs from employing third parties to evaluate their financial records, and better report financial positions.

Cadbury, a global confectioner and maker of the popular chocolate Cadbury egg, also successfully implemented an ERP system. The company had thousands of systems but could not keep pace with its rapid growth and used ineffective warehouse management systems.

It implemented a system that integrated its thousands of applications, standardized processes, and restructured warehouse management systems—breaking down silos for seamless, integrated coordination of work.

What Is the Importance of Enterprise Resource Planning?

Enterprise resource planning software offers single-system solutions that integrate processes across the business. These applications allow users to interact within a single interface, share information, and enable cross-functional collaboration. They increase productivity, collaboration, and efficiency.

What Are the 5 Components of ERP?

The components of an ERP system depend on the organization's needs. However, there are key features that each ERP should include. Generally, packages include finance, human resource, logistics and manufacturing, supply chain management, and customer relationship management.

What Are the Types of ERP?

Generally there are three deployment options for ERP systems; Cloud-based, on-premise, and a hybrid of the two. Within these options, a business can choose from hundreds of types such as finance, supply chain management, and human resource management.

What Are the 2 Main ERP Applications?

Which ones are the main applications depends on the business and the industry it operates in. Most companies can benefit from supply chain management, logistics, and financial applications to help them streamline their operations and expenses.

Enterprise resource planning (ERP) manages and integrates business processes through a single system. With a better line of sight, companies can better plan and allocate resources. Without ERP, companies tend to operate in silos, with each department using its own disconnected system.

ERP systems promote the free flow of communication and sharing of knowledge across an organization, the integration of systems for improved productivity and efficiencies, and increased synergies across teams and departments. However, moving to an ERP system will be counterproductive if the company's culture does not adjust to the change and the company does not review how the structure of its organization can support it.

Oracle. “ Oracle for SAP Technology Update ,” Page 42.

Microsoft. “ Annual Report 2021 .”

Workwise. “ About Us .”

Bizowie. “ A Different Kind of Enterprise Software Company .”

Oracle NetSuite. “ Fulton & Roark .”

Oracle NetSuite. “ 3 Successful ERP Implementation Case Studies .”

Microsoft. “ Mondelēz International Moves to Microsoft Azure for Great SAP Performance and AI Innovation .”

SAP. “ How Does Support From a Dedicated Engagement Team Accelerate Digital Transformation? ,” Page 3.

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How to Learn ERP: Take Advantage of Real-Time Data With These ERP Courses and Resources

If you are keen on learning how to become an effective manager , besides having problem-solving skills you should also be able to manage processes within the business efficiently. ERP, or enterprise resource planning, is a business process management tool or software that assists any organization to use integrated software to manage and automate the majority of office functions. 

Any type of company can use it and any department, from human resources to services and technology. Learn more about ERP and how you can learn how to use enterprise resource planning software in this guide.

Find your bootcamp match

What is enterprise resource planning (erp).

ERP or enterprise resource planning is a type of business management software that is critical to many processes within an organization. It enables users to manage, interpret, collect, and store data all in one place.

If you don’t have any project management skills or are looking to enhance your existing ones, learning ERP is a good place to start. Learning about ERP can help you become more employable. 

What Is ERP Used For?

If you work at a large organization, say with over 1,000 employees, ERP is the glue that keeps everything together. It helps organize all types of computer systems across all departments. Sometimes, each department has its ERP built by the company’s software engineer .

Using an ERP system, employees can easily share information and communicate using one interface. This helps manage and organize the different departments in an organization more effectively. 

Over the decades, ERP has come a long way, from physical to cloud-based servers offering remote Web-based access to multiple employees at the same time. 

What Are the Advantages of an ERP System?

ERP systems are beneficial for many reasons. They can help your business run more smoothly, protect valuable information, automate processes and produce reports, all in one program.

  • Complete visibility. Isn’t this what most companies (and clients) want? ERP software allows data to be accessed by anyone who needs it, from senior management to lower departments. 
  • Improved planning and reporting. A good ERP program will provide you with a lot of insight by producing a consolidated reporting system for each process. It can generate reports that are easy to read and do not involve the hassle of multiple spreadsheets and documents.   
  • Improved customer service. This is advantageous to the company and its clients. Because all of the clients’ data is in one place, sales and marketing teams can easily access their information. This allows the teams to quickly update their clients of any amendments to existing projects. 
  • Reduced IT costs. The software can be the most costly part of running a company. By using ERP, a company can save on software because it will not need to purchase other programs. The business can also cut back on IT support staff and infrastructure.

How Can ERP Benefit Departments Within a Company?

This type of software offers end-to-end solutions for all of the branches within an organization. Below, we will look at how ERP can help some specific departments.

  • Makes all transactions and expenses visible to the accounting department
  • Allows the company to automatically pay employees and contractors from one place
  • Improves tax management
  • Allows for easy budget creation
  • Easy analysis of costs and assets

Customer Relationship Management

  • Improves relationships between employees and clients
  • Easy customer data all from one platform
  • Uses data to allow for quick analysis of results of leads to target the best possible audience for your business
  • Helps cut down on manual CRM tasks
  • Increases ROI

Human Resources

  • The central database allows you to record and store information of employees
  • Marketing integration encourages employee retention using a benefits program 
  • Improves the efficiency and accuracy of payroll
  • Helps manage recruitment and onboarding

Inventory Management

  • Maintain inventory and storage data
  • Easily monitor stocks and losses
  • Develop partnerships with suppliers
  • Manage demand with easy forecasting

Manufacturing

  • More visible workflow allows for increased productivity
  • Data is centralized
  • Human errors are reduced
  • Increased efficiency

Three Types of ERP Systems

ERP systems typically have both software and hardware components for processing data. Let’s look at the three types of ERP systems available for businesses.

Best-Of-Breed

These are more generalized systems that are very functional but cannot be customized. However, they provide a variety of modules to suit many types of businesses and can enhance operations tenfold. 

If you are looking for a system that is broadly functional and will work for a large company, this is a good investment. The components are usually offered as a package deal by the manufacturer.

Typically, in the best-of-breed model, a company will purchase multiple types of software, choosing the program that is best suited for each department.

Modular ERP

An early form of ERP, these start with a single functionality and allow the option to add other functions over time. This is a cost-efficient way of starting ERP because you can pick and choose what’s most necessary for your company.

If you operate a business that is at high risk of loss and handles highly sensitive data, modular ERP is a good solution.

If you want to stay up-to-date, this is your best choice. Having a Cloud ERP is much cheaper, and usually entails only a monthly subscription to allow your company continued access to the software. It also offers the most continuous development, with frequent updates to security features.

Learning ERP

There are many different ways you can learn ERP implementation and how it plays an important part in enhancing business performance. As mentioned, you can use it in various sections of any modern-day enterprise and it can do wonders to improve business functions as a whole. 

How Long Does It Take to Learn ERP?

Whether you are looking to work in the finance, human resources, or accounting department, it would generally take anywhere between six months to two years to learn everything about ERP systems and project implementation.

How to Choose the Best ERP System: Step-by-Step

This business management software program has become essential for companies that want to smooth out internal procedures. There are a few basic steps to implementing ERP correctly to make sure that it will benefit all aspects of your business.

  • Identifying the problem. Companies face many issues daily, so it is important to identify the problem before selecting an ERP system. Then, you will know how to use your ERP framework to address the problem using your company’s collected data.
  • Define the scope. Sometimes, many problems need to be addressed. According to statistics , 74 percent of projects exceed their budgets and 61 percent of solutions take longer than expected. Clearly defining what you will need from your ERP program is key to avoiding these delays.
  • Evaluate options for customization. Most companies customize their ERP software, to increase the system’s success. Understanding the difference between the package configuration and customization will help you make sure the program is right for your company. 
  • Project Management and Testing. After you have evaluated your options, select the one best suited for the company. Make sure that training is provided to all employees as soon as possible. Remember that testing is always an important part of this process.
  • Go live. Once your ERP package is double-checked, it is time to go live. After that, make sure to do regular software updates and periodic maintenance. 

How to Learn ERP: The Best Online ERP Courses and Training

Person writing on a book with a silver pen, pair of lime green headphones

There are many ERP courses available online. By studying this software, you will get a better idea of why these systems are so important. By taking a class in ERP, you will also increase your chance of working in positions involving an ERP system. 

The courses below will teach you how to use ERP, as well as some related skills. Some of the classes will help you find out what to look for when purchasing an ERP system, or teach you the best techniques for maintaining the system.

Let’s look at a few of the ERP courses offered by online learning institutions. Since ERP is a common type of program, you have many options for how you would like to learn it.

Best Online ERP Courses

Oracle enterprise resource planning (erp) training and certification.

  • Provider: Oracle Online University
  • Time: Varies
  • Prerequisites: None

What better way to learn ERP than by tapping into the free online training provided by one of the oldest providers of these systems? Oracle has been around since 1977 and prides itself on providing professional development through its only online university and in-person training.

The course will teach you how to implement ERP applications and covers risk management. It also offers a certification at the end.

If you have any questions, Oracle’s FAQ page has all the answers to help you easily register for the company’s courses.

Several SAP’s ERP Training and Tutorials

  • Provider: Lynda.com
  • Cost: First month free

Lynda.com provides many tutorials on how to use SAP’s ERP software, from the beginner level to more advanced techniques. Tap into this variety of video tutorials taught by industry experts.

  • ERP Essential Training
  • SAP Business One: Sales and Customer Service
  • SAP BI/BW: Project Design and Implementation
  • Learn about MRP and ERP planning systems
  • SAP Financials Essential Training
  • Learning SAP SD (Sales and Distribution)

SAP ERP Fundamentals

  • Provider: Udemy
  • Time: 1 hour
  • Cost: From $15.80

Offered by massive open online course provider Udemy, this class covers the key components of SAP’s ERP program, including different modules and basic reporting. This is a good course if you want to get a basic understanding of SAP’s specific ERP program before using it at work.

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SAP BI/BW Tutorial: Training for Beginners

  • Provider: Guru99
  • Cost: Free (Subscription required)

Guru99 provides several courses on SAP’s ERP system, the majority of which are free. You can get an introduction to this ERP, learn all about the business suite SAP offers, and even get a certification from the company.

Best ERP Books

Learning online is popular, but there are other options if you’re not a tech-savvy person. Check out the hard copy and online books listed below if you’d like to start learning about ERP more traditionally.

Modern ERP: Select, Implement and Use Today’s Advanced Business Systems Third Edition , By Marianne Bradford

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This book is all about modern ERP. It is a common resource for undergraduate or graduate students studying software. The book includes innovative graphics and ERP screenshots from the software to give you visual examples. Topics covered in the book include mobility, cloud computing, and business analytics, ERP security, risk management, and databases.

Enterprise Resource Planning Systems 2017: 12 Frequently Asked Questions About Enterprise Resource Planning Systems , By Brian Linuma and Eric Klauss

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This book will help you to make sense of the sometimes complicated ERP systems out there. If you’re struggling with the concepts of ERP or are not sure how to customize yours, this book can help. It covers everything from artificial intelligence to the Internet of Things, to manufacturing applications. 

Enterprise Resource Planning , By Mary Summer

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This book provides an easy to understand approach to generic ERP systems and their relationship with other functional areas of management. It discusses changes in business processes, competitiveness, productivity, design and implementation, and supply chain management.

Should You Study ERP?

Person typing on their silver laptop with a diary and pen next to them.

Whether you want to study ERPs from scratch, or are just looking to keep up to date with new and innovative business management systems, there are tons of benefits to taking an ERP course. We would highly recommend undergoing some level of training in these dynamic systems.

The more you learn about ERP, the more you will be able to improve your company’s productivity, resource management, and services. It is a highly sought after skill in many corporations. So, if you think you have it in you to learn an ERP system, then why wait?

About us: Career Karma is a platform designed to help job seekers find, research, and connect with job training programs to advance their careers. Learn about the CK publication .

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Make smarter decisions, redesign business processes faster, and fuel business growth using the cloud-based enterprise resource planning (ERP) solution built for, and on, Azure—bringing together ERP, business intelligence, infrastructure, compute, and database services.

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MBA: Enterprise Resource Planning Specialization

Develop sap-backed knowledge to optimize your organization., learn more today.

Complete the form to get additional information about this program.

  • Duration 2 years
  • Cost per Credit $965
  • Credit Hours 36-48

Program Benefits

  • SAP University Alliance Program curriculum integration
  • No GMAT/GRE required and no application fee
  • SAP managers can anticipate faster than average job growth at 9.3% over the next decade 1
  • Request Info

Join an Official SAP-Partnered ERP Program

As an ERP expert, you’ll provide your organization with a competitive superpower — the ability to put data to work. You’ll facilitate process improvement and problem-solving in many areas, such as production, finances, human resources, sales and distribution.

As an Enterprise Resource Planning (ERP) professional, you’ll provide the expertise needed to streamline and optimize departments and processes for the operational and financial benefit of the company.

By pursuing Scranton’s online MBA with an Enterprise Resource Planning specialization, you can gain managerial and technical skills to connect diverse data points and utilize resources effectively.

With Scranton, you’ll enjoy the combined power of our top-rated MBA program and our official partnership with SAP’s University Alliances program . This means industry-standard software and methodologies are integrated seamlessly into your education. No previous SAP experience is required. You’ll also have the opportunity to attend SAP Boot Camp and sit for the SAP Certified Business Associate exam with SAP ERP 6.0 certification.

And with tuition rates much lower than other top-ranked universities, we’re proud to provide you an exceptional value for your investment.

Career Outlook: Higher Demand, Higher Salaries for SAP

Those in SAP management can anticipate job growth faster than the national average, 9.3% over the next decade; They currently earn a median income of $121,022, with the top 10% of earners taking home more than $151,024 annually. 1

ERP analysts and consultants currently earn a median salary of $83,533, with the top 10% earning more than $114,151 annually. Your MBA can position you to become one of these top earners. 1

Curriculum: Learn in Real-Life Production Environments

Our ERP specialization is delivered in partnership with SAP, developer of the gold standard in ERP software. And with coursework that often simulates real production scenarios, you’ll put your skills to work with ease.

The Kania School of Management is among a small number of institutions accredited by the Association to Advance Collegiate Schools of Business (AACSB) International. This specialization is taken as part of the 36 total credits required for the MBA degree.

Program Outcomes: Connecting Data and Solving Problems

Scranton’s Enterprise Resource Planning specialization within the MBA program includes a curriculum that can prepare you to:

  • Understand the concepts, terminology and technologies behind ERP systems, production planning and control.
  • Utilize SAP to interact with suppliers and customers, send and receive orders, deliver products and complete the cash-to-cash cycle.
  • Incorporate concepts of Customer Relationship Management (CRM) such as sales force management, channel partner management and customer service management.
  • Use Business Intelligence (BI) tools to combine data from across your organization and deliver digestible reporting that provides real meaning for decision-makers.

Available Specializations

We offer eight robust specializations and a customizable general MBA option, so you can gain exactly the skills you need to succeed in the area you’re passionate about.

MBA: Accounting

Develop accounting skills to solve complex business problems and maintain a financially healthy organization.

MBA: Business Analytics

Make sense of big data to help companies survive and thrive with theory and new hands-on skills in business strategy.

MBA: Finance

Get the skills to conduct financial analyses, develop capital budgets and assess an organization’s overall financial health.

MBA: Healthcare Management

Supervise healthcare facilities, plan and direct operations and manage teams to ensure excellent patient care.

MBA: Human Resources Management

Acquire skills in strategic staffing, evaluating workplace operational goal setting and enterprise-level human resource management.

MBA: International Business

Navigate global business well-versed in global finance, international politics, cross-cultural differences and supply chain management.

MBA: Operations Management

Equip yourself to lead your organization with project management, quality control and financial management skills.

Admissions Requirements

To apply for Scranton’s Master of Business Administration program, you’ll need:

  • Completed application
  • Undergraduate GPA of at least 3.0 on a 4.0 scale
  • Official transcripts from all previously attended colleges and universities
  • Professional résumé
  • Statement of intent
  • 3 letters of reference — at least 1 from a supervisor or other professional reference
  • A written response to a case study*
  • No GMAT/GRE required

*May be required for some applicants. You will be informed of your individual requirement after a review of your completed application.

Find more details on the MBA Admissions Requirements page.

Tuition Details

The MBA program at The University of Scranton consists of 36 credit hours and costs $965 per credit hour.

We strive to provide you with an affordable, high-quality education. That’s why U.S. News & World Report ranked us a Best Value School and one of the top Regional Universities North for 2022. 2

Faculty: The Kania School’s Team of Specialized Experts

As a student of the Kania School of Management, you’ll have access to industry experts with backgrounds that align with our specialized curriculum.

No matter what you’re passionate about in business, you’ll connect with a network of mentors who share your enthusiasm and can teach you exactly what you need to know.

Why Learn Online?

Earn a degree without interrupting your career. You’ll be part of an online learning community led by a diverse and expert faculty. Online programs reflect the same rigorous standards as our on-campus programs.

Financial Aid

Financial aid options are available to help you pay for your education. A personal financial aid counselor will assist you in identifying and taking full advantage of all opportunities.

Frequently Asked Questions

If you have a question we don’t cover here,  request more information  or call 866-373-9547.

Yes, three years of professional or supervisory work experience is required, along with an affidavit of work experience signed by a supervisor or employer. To learn more, contact a recruitment team representative by calling toll-free at (866) 373-9547.

The University of Scranton does not require any entrance exams. Three years of management experience is required for admission.

The online Master of Business Administration program accepts up to six transfer credits with program director approval. To learn more about credit transfers, request more information or call us at 866-373-9547.

Yes, the online MBA program offers eight specialization options, including accounting, business analytics, enterprise resource planning, finance, healthcare management, human resources management, international business, and operations management. Learn more about our selection of MBA specializations here .

  • Burning Glass Technologies: Labor Insight™. Retrieved November 22, 2019
  • U.S. News & World Report (2022). The University of Scranton Rankings. Retrieved February 3, 2022, from https://www.usnews.com/best-colleges/university-of-scranton-3384/overall-rankings
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COMMENTS

  1. What Is Enterprise Resource Planning (ERP)?—Microsoft Dynamics 365

    What is ERP? Enterprise resource planning (ERP) is a type of software system that helps organizations automate and manage core business processes for optimal performance. ERP software coordinates the flow of data between a company's business processes, providing a single source of truth and streamlining operations across the enterprise.

  2. The Best ERP Software

    3.5 Good. Bottom Line: Sage 300 is a mid-range accounting and enterprise resource planning (ERP) software solution that is easy to use. But its functionality and expansion modules are limited, and ...

  3. The 8 best ERP software options in 2024

    What is enterprise resource planning (ERP) software? ERP software is a comprehensive platform that connects individual teams across an enterprise and gives each user the tools they need to do their jobs efficiently. ERPs can cover a huge range of use cases in virtually any industry, streamlining cross-functional collaboration, preventing data ...

  4. Best ERP Systems Of 2024

    Enterprise resource planning (ERP) systems help companies in all types of industries manage and integrate essential business functions and processes in one system. Features such as accounting ...

  5. Best Cloud ERP Software (February 2024)

    Cloud ERP software is an enterprise resource planning platform that's hosted online, so there's no need to install it on in-house servers, as is traditionally the case. It's meant to help ...

  6. Enterprise Resource Planning (ERP)

    Oracle Enterprise Resource Planning (ERP) Continuous change requires continuous innovation. Tomorrow's leaders are those most capable of adapting to change today. Oracle Fusion Cloud ERP is a complete, modern, cloud ERP suite that provides your teams with advanced capabilities, such as AI to automate the manual processes that slow them down ...

  7. What is ERP?

    Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite also includes enterprise performance management, software that helps plan, budget ...

  8. 10 Best Enterprise Resource Planning Software Reviewed For 2024

    2. VOGSY — Best for international enterprise organizations managing global resources. 3. Runn — Best enterprise resource planning software for project forcasting. 4. Hub Planner — Best for project-based resource planning. 5. Resource Guru — Best workforce + facility resource management in one. 6.

  9. Enterprise Resource Planning (ERP): Meaning, Components, and Examples

    Enterprise Resource Planning - ERP: Enterprise resource planning (ERP) is a process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP ...

  10. What Is Enterprise Resource Planning (ERP)?

    Enterprise resource planning (ERP) is software, tools, and technology used to manage daily business operations and automate processes, such as accounting, supply chain, manufacturing, managing projects, and more. ERP systems have different modules that perform these functions. ERP streamlines and integrates all of a company's data into one ...

  11. Enterprise Resource Planning (ERP) Training and Certification

    Oracle Fusion Cloud Enterprise Resource Planning Training and Certification. Empower your global workforce to reach higher levels of productivity. Digital training teaches you how to leverage this complete suite of cloud applications so you can accelerate productivity, utilize comprehensive analytical tools, streamline the buying process, and save money.

  12. ERP Definition, Examples & Benefits

    ERP definition. Enterprise resource planning, also known as ERP, is a system that helps automate and manage business processes across finance, manufacturing, retail, supply chain, human resources, and operations. Helping leaders gain insight, optimize operations, and improve decision-making, ERP systems break down data silos, integrating ...

  13. Cloud ERP Software

    Products; NetSuite Enterprise Resource Planning (ERP) System. Join the more than customers NetSuite helps to streamline business processes, gain visibility and free up the time and resources needed to adapt to change, drive innovation and remain competitive.

  14. Online Enterprise Resource Planning MBA

    Enterprise Resource Planning (ERP) is an essential part of contemporary business strategy. This accelerated online degree program provides core business skills while focusing on technology platforms and data analytics to integrate all facets of a business or organization. Apply by: 5/9/24. Start class: 5/30/24. Request Info.

  15. Learn ERP: Best Online Courses, Training, and Other Resources

    What Is Enterprise Resource Planning (ERP)? ERP or enterprise resource planning is a type of business management software that is critical to many processes within an organization. It enables users to manage, interpret, collect, and store data all in one place. If you don't have any project management skills or are looking to enhance your existing ones, learning ERP is a good place to start.

  16. Microsoft Dynamics 365—Cloud ERP Solutions

    Dynamics on Azure. Make smarter decisions, redesign business processes faster, and fuel business growth using the cloud-based enterprise resource planning (ERP) solution built for, and on, Azure—bringing together ERP, business intelligence, infrastructure, compute, and database services. Save up to 40 percent on Windows Server virtual ...

  17. Enterprise Resource Planning System

    Automate routine tasks. Spend your time on what matters most by automating tasks that once took time, effort, and resources. Automate reports, set triggers and alerts, and assign tasks to the right team members. Enterprise resource planning systems are a critical tool in unifying operations across the many departments businesses must manage.

  18. What is ERP? How to Choose a Provider (2024)

    What is ERP? Enterprise resource planning refers to the software and systems that an enterprise uses to manage core business processes. It collects data across departments, such as supply chain, sales, human resources, manufacturing, procurement, accounting, and project management.. ERP empowers an entire organization with greater visibility and real-time data, anytime, anywhere.

  19. Online MBA: Enterprise Resource Planning (ERP)

    By pursuing Scranton's online MBA with an Enterprise Resource Planning specialization, you can gain managerial and technical skills to connect diverse data points and utilize resources effectively. With Scranton, you'll enjoy the combined power of our top-rated MBA program and our official partnership with SAP's University Alliances program.

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    Free Online Enterprise Resource Planning (ERP) Courses and Certifications. Learn Enterprise Resource Planning (ERP), earn certificates with paid and free online courses from Université Toulouse III - Paul Sabatier and other top universities around the world. Read reviews to decide if a class is right for you.

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    Enterprise Resource Planning and Management. Learn the fundamental concepts of supply chain management and enterprise resource planning in this free online course. Discover the basics of an enterprise resource planning (ERP) system and the numerous benefits it can offer to your organisation. Learn how to use ERP to improve the productivity of ...