18 ERP system examples [2024 guide]

Key takeaways

• ERP software manages financial activities, accounting, bookkeeping, project management, and supply chain operations.
• They create a single source of truth for employees and executives. 
• Businesses should assess ERP providers' capabilities, implementation models, integration needs, and total cost of ownership before choosing a system.

What do ERP systems do?

Enterprise resource planning systems are integrated software solutions that handle every data-driven process in a company from financial management and accounting to human resources and supply chain management.

ERP systems store data in a central hub accessible to ensure all business departments have the correct information to make decisions. They’re often used with Financial Planning & Analysis (FP&A) software, which combines the historical data of your ERP with the forward-looking data of your plans, budgets, and forecasts.

While ERP systems can vary, they provide these five essential business functions: 

1. Accounting and finance

ERP systems centralize financial data for streamlined tracking, management, and input.

This saves time, minimizes input errors, and utilizes automated data consolidation, centralized formulas, and key performance indicators for generating comprehensive financial reports.

These reports offer insights into a company’s financial health and guide resource allocation decisions.

2. Commerce

ERP platforms provide omnichannel solutions that unify online, in-store, and back-office commerce activities.

By using automated inventory updates, order tracking, and accounting, companies can easily manage the different facets of their business. 

Some ERP systems even offer customer relationship management tools. These CRM capabilities manage customer data, contact information, accounts, and service requests.

It can also help automate marketing, sales, and customer service processes.

3. Human resource management

ERP systems support human resource teams by consolidating employee data. They help HR automate manual workflows, reduce errors, and improve collaboration. 

By tracking employee data like contact information, job roles, and salary information, ERP systems ensure smarter business decisions in a fraction of the time.

4. Supply chain

Supply chain management includes inventory, warehouse, vendor, and order management. ERP systems support all of these functions by:

Effective demand forecasting and lean inventory

An ERP solution in SCM improves demand forecasting accuracy and reduces inventory costs during large-batch production processes.

A lean inventory is essential to successfully address just-in-time production methods. You can keep your supply chain flexible while reducing the overall cost of production.

Reduce production bottlenecks

ERPs for supply chains enable easy collaboration between internal processes and external suppliers. 

Transparency through the business

A consolidated view of the supply chain with ERP enables business executives to make more informed decisions.

5. Manufacturing industry

Companies can also use ERP systems to help manage production schedules, track inventory levels, and control quality.

ERP software is a centralized resource for inventory tracking, data analysis, and replenishment strategy. 

Types of ERP software

ERP software can be categorized into on-premise and cloud-based systems.

• On-Premise ERP: These systems are installed locally on a company's hardware and servers. They offer greater control and customization but require significant upfront investment and ongoing maintenance.
• Cloud-Based ERP: These systems are hosted on the vendor's servers and accessed via the internet. They are known for lower upfront costs, automatic updates, and scalability, making them a popular choice for many businesses today.

ERP benefits

ERP systems offer a multitude of benefits that can significantly enhance business operations.

Cost savings

Cost savings with ERP systems are achieved through:

• Streamlined processes: Automating tasks like data entry, reporting, and inventory management reduces operational inefficiencies and minimizes manual intervention, cutting labor costs and enhancing productivity.
• Better resource management: Real-time visibility across finance, procurement, manufacturing, and sales enables optimized resource allocation, prevents inventory overstocking or understocking, and reduces carrying costs. Accurate financial forecasting and demand planning align production schedules with customer demand, minimizing waste and excess inventory holding costs.
• Reduced IT costs: Centralized data storage and standardized processes in ERP systems consolidate IT systems, lowering maintenance, licensing, and upgrade expenses for long-term savings.

Increased productivity

ERP systems significantly enhance productivity in several ways. Firstly, they automate routine tasks such as data entry, report generation, and transaction processing. For example, instead of manually entering sales data into multiple spreadsheets, an ERP system can automatically capture and update this information in real time. This automation frees up employees to focus on more strategic tasks.

By integrating various business processes into a single system, ERPs streamline workflows and reduce the time spent on task switching. For instance, a procurement manager can approve purchase orders, check inventory levels, and manage supplier relationships all within the same platform, which accelerates the overall procurement process.

Easy collaboration

With a centralized database, ERP systems facilitate better collaboration among departments. Teams share information seamlessly and work together more effectively. 

For instance, during the budgeting process, finance, operations, and marketing teams collaborate on the same data set, ensuring consistency and reducing the need for redundant data reconciliation.

Regulatory compliance

ERP systems streamline regulatory compliance across industries by automating data management, ensuring accurate information. 

For instance, a food manufacturing company adheres to food safety regulations using an ERP system to control production processes, track raw material origins and suppliers, and ensures quality standards and allergen labeling. In case of a food safety recall, the ERP swiftly traces affected batches for prompt removal from distribution. 

Additionally, the ERP automates compliance report generation, detailing production practices, quality control, and sanitation measures required by regulatory bodies.

Automation opportunities

ERP systems can automate tasks that would otherwise need human intervention, such as updating records or sending confirmations. 

This not only saves businesses time and money but also reduces manual work and human errors. 

For example, automating order processing streamlines operations and improves customer satisfaction through reduced order fulfillment times.

Best ERP system examples

Every ERP system offers unique features and capabilities tailored to different business needs. Here's a closer look at some of the best ERP solutions:

1. Oracle NetSuite

NetSuite is a cloud-based ERP software, with over 30,000 companies using its services. 

With deep expertise in cloud ERP development, NetSuite automates crucial processes and provides real-time insights into financial, operational, and corporate performance. It offers a customizable platform with enterprise-grade applications for business management, including analytics, reporting, and global infrastructure.

NetSuite stands out as one of Cube's top integrations, allowing seamless integration of NetSuite data into working spreadsheets with Cube's FP&A software add-on, greatly enhancing customer satisfaction.

Features

• Integrate finance, supply chain, manufacturing, HR, and ecommerce into one platform to monitor operations without switching between different software.
• Support scalability and upgrades with NetSuite’s multi-tenant, vendor-managed cloud infrastructure.
• Generate reports and access role-based dashboards for informed decision-making.
• Customize using SuiteCloud apps and tools to meet unique business processes and structures.

Pricing

Organizations interested in NetSuite's software must request custom quotes since the company does not provide pricing information on its website.

2. Intuit QuickBooks

QuickBooks by Intuit simplifies payroll, inventory, taxes, time-tracking, and invoicing. Track expenses, cash flow, reports, and receipts—all in one place. 

It’s an ideal choice for outsourcing accounting, supported by widespread accountant familiarity. 

QuickBooks operates natively (QuickBooks Desktop) or via browser (QuickBooks Online), with seamless API integration for data imports and consolidations within Cube's unified platform.

Features

• Benefit from specialized tools and reports designed for your business type and industry with tailored editions.
• Keep all vendor, inventory, pricing, and customer information in one place for quick access, streamlined workflows, and informed decision-making.
• Track items across warehouses down to specific bins or pallets with the Advanced Inventory tool, which allows multi-level categorization.
• Manage sales orders and inventory across locations from a single dashboard.

Pricing

• Simple start: $18/month/user
• Essentials: $27/month for 3 users plus accountant
• Plus: $38/month for 5 users plus accountant
• Advanced: $76/month for up to 25 users

Read our NetSuite vs Quickbooks Review.

3. Sage Intacct

Sage Intacct is an ERP system that enhances financial and inventory management with real-time, multi-dimensional reporting. 

It automates accounting tasks for increased efficiency and productivity. Sage also supports HR and payroll operations. 

Integrating Sage Intacct's general ledger data with Cube's planning and analysis capabilities gives finance professionals a comprehensive view of past, present, and future business performance.

Features

• Generate invoices automatically and manage the entire billing process with rules-based systems.
• Customize real-time reports and interactive dashboards.
• Streamline accounts payable workflows with automated tools.
• Monitor inventory quantities and order fulfillment across multiple locations.
• Calculate sales taxes in real-time during order processing.

Pricing

The platform doesn’t provide pricing online and encourages potential customers to contact them for custom pricing.

4. SAP Business One

SAP Business One is an ERP software aimed at small and medium businesses, offering various financial, CRM, inventory, and sales features.

SAP Business One also gives companies real-time visibility into their business operations to improve financial planning and forecasting. 

SAP works best for businesses that use other SAP products and are familiar with data science languages and integration.

Features

• Streamline financial tools to automate essential accounting tasks like journal entries and receivables/payables.
• Generate custom financial reports for planning and audits.
• Manage the entire sales process and customer lifecycle.
• Centralize and manage critical customer data in one location.
• Automate procurement with requisition requests, purchase orders, and returns management.
• Create interactive dashboards and reports for essential business metrics.
• Manage leads, and customer accounts, view inventory, and place orders from iOS or Android devices.

Pricing

An online source shares the following price information: 

• Professional perpetual license: $3,213.00 plus annual maintenance fee.
• Professional subscription license: $108/user/month
• Limited perpetual license: $1,666 plus annual maintenance fee
• Limited subscription license: $56/user/month. 

5. Xero

Xero is an ERP tool for small businesses, accountants, and bookkeepers. Real-time tracking and reporting give you accurate and updated information to use when collaborating with your team.

You can connect your bank account through the Xero application for seamless transactions. Pay bills, claim expenses, accept payments, and track projects all through its simple dashboard.

Cube offers a supported integration with Xero, so it's simple and easy to pull your Xero data into Excel via Cube.

Features

• Track and pay bills with clear visibility of accounts payable and cash flow.
• Manage and reimburse expenses using Xero’s comprehensive expense management tools.
• Plan, budget, quote, and invoice projects using Xero’s job tracking tools.
• Centralize customer and supplier information, including sales, invoices, and payment histories.
• Control stock, streamline invoicing, and order processes with Xero’s inventory software.
• Track your finances daily, including bank balances, invoices, and bills, from a centralized dashboard.

Pricing

• Early: $15/month
• Growing: $42/month
• Established: $78/month

6. Zoho Finance

Zoho Finance brings together Zoho’s finance and CRM tools in one comprehensive platform. This unified suite integrates invoicing, order management, accounting, and more, enhancing efficiency and simplifying processes.

Features

• Contact management
• Sales and purchases
• Inventory and warehouses
• Expense reporting and reimbursements
• Manage subscriptions (MRR/ARPU/LTV)
• Accounting and online payments
• Tax compliance for VAT/GST/Sales Tax
• One-time and recurring payment pages

Pricing

• Monthly subscription: $249/organization/month for up to 10 users
• Annual subscription: $199/organization/month for up to 10 users

7. FreshBooks

FreshBooks is a cloud-based accounting software that provides businesses with tools to automate invoicing, bookkeeping, and time-tracking.

It’s a great ERP option for freelancers, professionals, accountants, and employees. 

The software offers clients payment options and accepts card payments. It also allows you to send automated late payment reminders to clients.

Features

• Bill and receive payments with invoicing, payments, and time-tracking features.
• Prepare financial reports, track expenses and receipts, and manage the books in one platform.
• Stay connected to clients, track projects and proposals, and send estimates right from the software.
• Integrate with other apps to streamline your tech stack.

Pricing

• Lite: $19.00/month
• Plus: $33.00/month
• Premium: $60/month
• Custom pricing available

8. Microsoft Dynamics 365

Microsoft Dynamics 365 is a cloud-based ERP system helping businesses manage their finances, operations, sales, and customer relationships.

It’s made up of 14 different applications, so users pick and choose which apps they need for their business. These include Dynamics 365 Commerce, Dynamics 365 Project Operations, Dynamics 365 Finance, and others. It also integrates with other Microsoft applications like Excel and Outlook.

Features

• Track cash flow and detect trends with advanced forecasting tools.
• Leverage self-service analytics to make informed decisions with unified data from Dynamics 365 apps and other sources.
• Integrate data from Dynamics 365, Microsoft 365, and partner applications for a single source of intelligent information.
• Automate tasks and prioritize financial work with a solution integrated with Microsoft 365, featuring role-based workspaces.
• Comply with local tax regulations using a flexible tax-determination matrix and configurable tax-calculation formula designer.
• Ensure global compliance across 51 countries/regions and 67 languages, and rely on Microsoft AppSource solutions for over 200 regions.

Pricing

The pricing for Dynamics 365 is a la carte, and each application incurs a separate charge. Some apps, like the Dynamics 365 Human Resources Self Service app are available for as low as $4/user/month, while other apps (Dynamics 365 Customer Insights) run as high as $1,700/tenant/month. Most apps offer a free trial to start.

9. SAP ERP

SAP ERP was initially called System Analysis Program Development (Systemanalyse Programmentwicklung in German).

SAP ERP is a suite of applications that helps organizations manage their finances, human resources, manufacturing, sales, and customer service processes. 

It’s used by millions of businesses worldwide and is known for its comprehensive functionality and scalability.

Features

• Enhance operational efficiency by planning, scheduling, and executing asset maintenance with integrated workflows.
• Streamline accounting and financial close processes while optimizing treasury and financial risk management.
• Boost production planning and facilitate smooth manufacturing processes.
• Improve project oversight and execution and streamline product lifecycle management.

Pricing 

An online source share the following pricing details: 

• SAP/S4Hana: $200/month
• SAP business by design: $150/month
• SAP business one: $5,000/month

10. Deltek

Deltek is a project-based ERP system designed for architecture and engineering firms.

It includes tools for project management, accounting, and business intelligence.

This ERP delivers software and information solutions that enable project intelligence, management, and collaboration.

Deltek also offers an industry-specific CRM system called Vision.

Features

• Streamline projects, people, and finance management from end-to-end in a single cloud-based solution.
• Access the software from anywhere through the Deltek Cloud, ensuring security and scalability to manage a remote workforce effectively.
• Monitor KPIs to identify areas for enhancing efficiency and boosting profitability.
• Develop interactive dashboards for each user to track progress toward operational and growth objectives.
• Manage multiple companies, currencies, and languages on one platform.

Pricing

Sources say: 

• Deltek Maconomy: $10-200/user/month
• Deltek Vantagepoint: $30/user/month
• Deltek Workbook: $27/user/month

11. Multiview ERP

Multiview ERP unifies information into a central database to create a complete view of a business's operations.

It offers a team of client support specialists on top of its powerful, data-centric financial ERP software. 

This software helps break down data silos, automate accounting processes, and provide more access to information through industry-leading dynamic reporting solutions.

Features

• Achieve multi-entity financial visibility and automate accounting tasks with real-time integration.
• Optimize payment processes, automate transactions, and ensure proper authorizations seamlessly.
• Create custom reports and dashboards.
• Improve efficiency with automated invoice approvals and workflow visibility.
• Streamline inventory and procurement with requisition management, tracking, barcoding, and centralized purchasing.

Pricing

While pricing isn’t listed on their site, according to an online source, Multiview ERP costs an average of $999/year.

12. Acumatica Cloud

Acumatica Cloud is a cloud ERP system offering financial support, project management, procurement, and inventory management.

It also hosts a variety of add-ons including customer relationship management (CRM) and human resources (HR) modules. 

Acumatica Cloud provides an integrated ecommerce platform that includes analytic and payment processing capabilities.

Features

• Integrate your eCommerce platforms like Amazon, BigCommerce, and Shopify with Acumatica’s financials and inventory systems.
• Leverage cloud-based ERP for construction firms, providing business intelligence and enhanced visibility for success.
• Gain real-time insights and full control over production and financials to boost efficiency and growth.
• Optimize inventory processes with flexible item management, traceability, and efficient replenishment.
• Enhance warehouse operations by reducing errors, automating tasks, and boosting productivity.

Pricing

Acumatica’s pricing depends on the number of applications needed, the number of users, and the type of deployment. For specific pricing details, contact them for a pricing review.

13. Oracle ERP Cloud

Oracle ERP Cloud is a comprehensive ERP system offering financial management, human resources management, manufacturing planning, and supply chain management. 

Oracle ERP Cloud simplifies everyday tasks, allowing you to ask simple questions like: “What tasks are due today?” It’s also scalable and backed by Oracle's world-class support team.

Features

• Streamline accounting and enhance financial oversight with comprehensive, centralized financial processes.
• Manage the lifecycle of purchase orders from capture to payment, integrating data across departments for seamless order fulfillment.
• Plan, execute, and monitor projects with features for detailed planning, cost control, risk management, and your best budgeting.
• Automate routine business processes, reducing manual effort and human error.

Pricing

According to an online source, Oracle ERP Cloud pricing plans are:

• Base: $625/month
• Minimum user requirement (10 users): $75,000/year

14. Syspro

Syspro focuses on the unique challenges of the manufacturing and distribution industries. The software was created by industry specialists who understand the unique needs of manufacturers. They aim to provide robust solutions and tools to manage and support business processes.

Features

• Plan and schedule production activities to optimize resources and meet delivery deadlines.
• Streamline and manage the flow of materials and information across the supply chain.
• Monitor and control manufacturing processes to ensure quality and efficiency.
• Oversee and coordinate all aspects of manufacturing operations to maximize productivity.
• Manage inventory levels, locations, and movements to minimize costs and ensure availability.
• Monitor and control manufacturing costs to improve profitability and financial performance.

Pricing

An online source reports that SYSPRO ERP costs $199/user/month.

15. TallyPrime

TallyPrime is an extensive business management software that enables businesses to streamline invoicing, cost accounting, inventory, banking, cash and credit management taxation, and payroll using a single software.

TallyPrime automates all critical business processes quickly, efficiently, and with better control over your business.  You can reduce complexities to focus on business growth.

Features

• Create and record invoices with optimized components, configurable settings, and multiple billing modes tailored to your business needs.
• Manage inventory with features like godown management, multiple stock valuation methods, batch and expiry tracking, job costing, and  inventory reports.
• Access over 400 business reports in intuitive visual formats.
• Optimize cash flows by enhancing efficiencies in accounts receivable, accounts payable, and inventory management with insightful reports to monitor cash flow.

Pricing

• Single-user perpetual license: $630 
• Multi-user perpetual license: $1,890
• Developer Silver: $360/year
• Developer Gold: $1,080/year

16. Epicor

Epicor iScala is a comprehensive ERP system that helps organizations manage all aspects of their business, from financials and operations to sales and customer service.

It offers a wide range of features and functionality and works for SMBs.

Features

• Manage accounts payable, accounts receivable, view financial statements, and other core functions within the Financial Ledger component.
• Enhance operational effectiveness with comprehensive service management and supply chain capabilities.
• Simplify and streamline logistics, warehouse management, sales, and purchase processes for daily operations.
• Leverage efficiencies and fuel growth by optimizing business processes to meet global competition and complex supply chain challenges.
• Optimize manufacturing processes with tailored modules.
• Manage and report on asset purchasing, consumption, location, responsibility, and disposal.

Pricing

Sources report that Epicor's subscription licenses range from $2,000-$10,000/month, while a perpetual license ranges from $100,000-$500,000. Additional costs apply for additional users, modules, training, support, etc. 

17. Odoo

Odoo is a versatile suite of open-source business applications designed to meet various company needs, from ERP and CRM to eCommerce and CMS. Available both as a downloadable on-premise solution and a cloud-based service, Odoo aims to help businesses grow by providing a comprehensive suite of tools. 

With 30 core applications and a community contributing over 16,000 additional apps, Odoo serves millions of users worldwide, ranging from small startups to large enterprises.

Features 

• Manage finances with comprehensive accounting tools.
• Plan projects and resources with advanced planning features.
• Combine financial information from different entities for a unified view.
• Simplify the billing process with automated invoicing.
• Control stock levels and warehouse operations efficiently with warehouse and inventory management tools.
• Manage manufacturing processes with the MRP system.
• Optimize field service operations with dedicated tools.
• Automate marketing campaigns, including email and social media.
• Integrate online sales with other business processes.
• Maintain and enhance customer relationships with the CRM system.

Pricing 

• Odoo community: free 
• Odoo standard: $24.90/user/month
• Odoo custom: $37.40/user/month

18. Extensiv

Extensiv is a fulfillment technology company dedicated to transforming warehouse and fulfillment operations to meet the demands of modern commerce and consumer expectations. 

Their software platform supports brands and third-party logistics providers (3PLs) by enabling the creation of advanced fulfillment networks that optimize inventory placement, enhance distribution intelligence, reduce costs, and speed up delivery.

Features 

• Unify information for better visibility, deeper insights, and improved forecasting.
• Use advanced algorithms to optimize distribution processes.
• Integrate with over 150 shopping channels.
• Integrate with existing systems to prevent disruptive migrations.
• Automate inventory management and replenishment.

Pricing

• Merchant: $39/month
• EDI merchant: $99/month
• 3PL (integrations only): $99/month
• Master account: $199/month

What are the differences between ERP systems and FP&A software?

ERP systems integrate core business processes into one comprehensive system, streamlining operations across departments such as finance, HR, supply chain, manufacturing, services, and procurement. Their main aim is to automate day-to-day operations.

In contrast, FP&A software is tailored for financial planning, budgeting, forecasting, and analysis within finance departments. It offers advanced financial modeling, analysis, and reporting capabilities to support strategic financial decisions and performance evaluation.

When to use ERP software

Businesses should use ERP software when they need to centralize data and processes, enhance operational efficiency, and improve decision-making. 

ERP systems are essential for supporting growth and scalability, ensuring regulatory compliance, and boosting customer satisfaction. 

They help manage complex supply chains, facilitate cross-department collaboration, and reduce costs through process automation and improved efficiency.

When to use FP&A software

FP&A software is essential for businesses needing specialized tools for financial planning, analysis, forecasting and budgeting. 

The software streamlines budgeting processes, aligning budgets with strategic goals and allowing real-time performance monitoring. It offers deep financial analysis capabilities, facilitating comprehensive insights into financial health and performance. 

FP&A software supports collaboration across teams, enhances reporting with customizable tools, and manages complex financial data from multiple sources, making it ideal for businesses aiming to strengthen financial management and decision-making processes.

Optimize your ERP system for scalable success

ERP systems are essential for businesses of all sizes, integrating and streamlining core processes like finance, HR, and supply chain management. By centralizing data and automating operations, ERP enhances efficiency, cuts costs, and bolsters decision-making.

Moreover, ERP systems support growth, scalability, and regulatory compliance, improving customer satisfaction through streamlined service delivery. In today's competitive landscape, agility and data-driven insights are crucial.

Whichever ERP system you choose, integrating with Cube provides comprehensive planning and analysis capabilities that optimize performance and drive sustainable business success. 

Request a demo today.