9 Best Enterprise Resource Planning Vendors In 2023 That You Shouldn’t Overlook

9 Best Enterprise Resource Planning Vendors In 2023 That You Shouldn’t Overlook

Enterprise resource planning (ERP) software has become an essential part of modern businesses, providing a comprehensive suite of applications to manage a company's various functions, including finance, manufacturing, sales, marketing, and human resources. These systems allow companies to automate their workflows, streamline their operations, and gain insights into their business performance.

In recent years, ERP systems have become increasingly popular among businesses of all sizes, and there are now dozens of vendors offering these solutions. In this blog post, we'll be discussing the top 10 best enterprise resource planning vendors, taking into account their features, pros and cons, pricing, and other factors.

1. SAP

SAP is a German multinational software company that offers a range of business software solutions, including ERP. SAP ERP provides a suite of integrated applications to manage a company's core business functions, including finance, manufacturing, human resources, and supply chain management.

Pros:

• SAP ERP offers a range of features, including financial management, procurement, inventory management, and project management.
• The software is highly customizable, allowing businesses to tailor it to their specific needs.
• SAP offers a range of deployment options, including on-premises, cloud-based, and hybrid models.
• SAP ERP integrates seamlessly with other SAP products, as well as with third-party applications.

Cons:

• SAP ERP can be complex and challenging to implement, requiring significant time and resources.
• The software can be expensive, particularly for small and medium-sized businesses.
• Some users have reported issues with the user interface, finding it difficult to navigate.

Pricing:

SAP does not publish its pricing information publicly. However, according to Gartner, the cost of SAP ERP can range from $50,000 to $100,000 per year for a mid-sized organization.

2. Oracle

Oracle is another multinational software company that offers a range of business software solutions, including ERP. Oracle ERP provides a suite of applications to manage a company's financials, supply chain, procurement, and project portfolio.

Pros:

• Oracle ERP offers a range of features, including financial management, procurement, supply chain management, and project management.
• The software is highly scalable, making it suitable for businesses of all sizes.
• Oracle offers a range of deployment options, including on-premises, cloud-based, and hybrid models.
• Oracle ERP integrates seamlessly with other Oracle products, as well as with third-party applications.

Cons:

• Oracle ERP can be complex and challenging to implement, requiring significant time and resources.
• The software can be expensive, particularly for small and medium-sized businesses.
• Some users have reported issues with the user interface, finding it difficult to navigate.

Pricing:

Oracle does not publish its pricing information publicly. However, according to Gartner, the cost of Oracle ERP can range from $50,000 to $100,000 per year for a mid-sized organization.

3. Microsoft

Microsoft is a multinational technology company that offers a range of software solutions, including ERP. Microsoft Dynamics 365 is a suite of applications that provides a range of business functions, including financial management, supply chain management, and project management.

Pros:

• Microsoft Dynamics 365 offers a range of features, including financial management, procurement, supply chain management, and project management.
• The software is highly customizable, allowing businesses to tailor it to their specific needs.
• Microsoft offers a range of deployment options, including on-premises, cloud-based, and hybrid models.
• Microsoft Dynamics 365 integrates seamlessly with other Microsoft products, as well as with third-party applications.

Cons:

• Microsoft Dynamics 365 can be complex and challenging to implement, requiring significant time and resources.
• The software can be expensive, particularly for small and medium-sized businesses.
• Some users have reported issues with the user interface, finding it difficult to navigate

Pricing:

Microsoft Dynamics 365 offers different pricing options depending on the needs of the business. The pricing plans range from $40 to $210 per user per month. However, businesses that require customized solutions may have to pay extra.

4. Infor

Infor is a global enterprise software company that offers a range of business solutions, including ERP. Infor ERP provides a suite of applications to manage a company's financials, supply chain, and operations.

Pros:

• Infor ERP offers a range of features, including financial management, supply chain management, and operations management.
• The software is highly scalable, making it suitable for businesses of all sizes.
• Infor offers a range of deployment options, including on-premises, cloud-based, and hybrid models.
• Infor ERP integrates seamlessly with other Infor products, as well as with third-party applications.

Cons:

• Infor ERP can be complex and challenging to implement, requiring significant time and resources.
• The software can be expensive, particularly for small and medium-sized businesses.
• Some users have reported issues with the user interface, finding it difficult to navigate.

Pricing:

Infor does not publish its pricing information publicly. However, according to Gartner, the cost of Infor ERP can range from $25,000 to $100,000 per year for a mid-sized organization.

5. Sage

Sage is a multinational enterprise software company that offers a range of business solutions, including ERP. Sage ERP provides a suite of applications to manage a company's financials, supply chain, and manufacturing operations.

Pros:

• Sage ERP offers a range of features, including financial management, supply chain management, and manufacturing operations.
• The software is highly customizable, allowing businesses to tailor it to their specific needs.
• Sage offers a range of deployment options, including on-premises, cloud-based, and hybrid models.
• Sage ERP integrates seamlessly with other Sage products, as well as with third-party applications.

Cons:

• Sage ERP can be complex and challenging to implement, requiring significant time and resources.
• The software can be expensive, particularly for small and medium-sized businesses.
• Some users have reported issues with the user interface, finding it difficult to navigate.

Pricing:

Sage offers different pricing options depending on the needs of the business. The pricing plans range from $15 to $200 per user per month. However, businesses that require customized solutions may have to pay extra.

6. Epicor

Epicor is an enterprise software company that offers a range of business solutions, including ERP. Epicor ERP provides a suite of applications to manage a company's financials, supply chain, and manufacturing operations.

Pros:

• Epicor ERP offers a range of features, including financial management, supply chain management, and manufacturing operations.
• The software is highly customizable, allowing businesses to tailor it to their specific needs.
• Epicor offers a range of deployment options, including on-premises, cloud-based, and hybrid models.
• Epicor ERP integrates seamlessly with other Epicor products, as well as with third-party applications.

Cons:

• Epicor ERP can be complex and challenging to implement, requiring significant time and resources.
• The software can be expensive, particularly for small and medium-sized businesses.
• Some users have reported issues with the user interface, finding it difficult to navigate.

Pricing:

Epicor does not publish its pricing information publicly. However, according to Gartner, the cost of Epicor ERP can range from $50,000 to $100,000 per year for a mid-sized organization.

7. IFS

IFS is a global enterprise software company that offers a range of business solutions, including ERP. IFS ERP provides a suite of applications to manage a company's financials, supply chain, and manufacturing operations.

Pros:

• IFS ERP offers a range of features, including financial management, supply chain management, and manufacturing operations.
• The software is highly customizable, allowing businesses to tailor it to their specific needs.
• IFS offers a range of deployment options, including on-premises, cloud-based, and hybrid models.
• IFS ERP integrates seamlessly with other IFS products, as well as with third-party applications.

Cons:

• IFS ERP can be complex and challenging to implement, requiring significant time and resources.
• The software can be expensive, particularly for small and medium-sized businesses.
• Some users have reported issues with the user interface, finding it difficult to navigate.

Pricing:

IFS does not publish its pricing information publicly. However, according to Gartner, the cost of IFS ERP can range from $50,000 to $100,000 per year for a mid-sized organization.

8. NetSuite

NetSuite is a cloud-based enterprise software company that offers a range of business solutions, including ERP. NetSuite ERP provides a suite of applications to manage a company's financials, supply chain, and operations.

Pros:

• NetSuite ERP offers a range of features, including financial management, supply chain management, and operations management.
• The software is highly scalable, making it suitable for businesses of all sizes.
• NetSuite offers a cloud-based deployment model, which allows for easy accessibility and flexibility.
• NetSuite ERP integrates seamlessly with other NetSuite products, as well as with third-party applications.

Cons:

• NetSuite ERP can be expensive, particularly for small and medium-sized businesses.
• Some users have reported issues with the user interface, finding it difficult to navigate.
• Customizations and integrations can be challenging, requiring technical expertise.

Pricing:

NetSuite offers different pricing options depending on the needs of the business. The pricing plans range from $999 to $4,999 per month, with additional fees for customization and support.

9. VNEXT Global

VNEXT Global is a Vietnam-based enterprise software company that offers a range of business solutions, including ERP. VNEXT Global ERP provides a suite of applications to manage a company's financials, supply chain, and operations.

Pros:

• VNEXT Global ERP offers a range of features, including financial management, supply chain management, and operations management.
• The software is highly customizable, allowing businesses to tailor it to their specific needs.
• VNEXT Global offers a cloud-based deployment model, which allows for easy accessibility and flexibility.
• VNEXT Global ERP integrates seamlessly with other VNEXT Global products, as well as with third-party applications.
• VNEXT Global ERP has a more affordable price compared with other solutions

Cons:

• VNEXT Global is a relatively new player in the ERP market
• The company's customer base is primarily located in Asia, so support may be limited for businesses in other regions.
• There is limited information available about the pricing of VNEXT Global ERP.

Pricing:

The price is flexible based on different requests from clients. Therefore, if you have any queries, please kindly contact our VNEXT Global team for more information.

Final Thoughts:

ERP software has become a critical component of modern business operations, providing a range of features to manage financials, supply chain, and operations. The market for ERP vendors is highly competitive, with many players offering a range of products to meet the needs of different businesses.

In this article, we have highlighted ten of the best ERP vendors based on their features, pros and cons, and pricing. These vendors are widely recognized in the industry and have a strong reputation for providing reliable and effective ERP solutions.

VNEXT Global's ERP system is a relatively new player in the market, but it offers a range of features and benefits that make it a strong contender for businesses looking for an ERP solution. While there may be concerns about its longevity and stability, our focus on customization and flexibility makes it a viable option for businesses looking for tailored ERP solutions.

When choosing an ERP vendor, businesses should consider their specific needs and requirements, as well as the features and pricing offered by the vendor. By conducting thorough research and comparing different vendors, businesses can find an ERP solution that meets their needs and helps them achieve their goals.

If you are looking for a trusted IT partner, VNEXT Global is the ideal choice. With 14+ years of experience, we surely can help you to optimize your business digitalization within a small budget and short time. Currently, we have 400+ IT consultants and developers in Mobile App, Web App, System Development, Blockchain Development and Testing Services. We have provided solutions to 600+ projects in several industries for clients worldwide. We are willing to become a companion on your way to success. Please tell us when is convenient for you to have an online meeting to discuss this further. Have a nice day!