Best ERP Software To Consider For Your Businesses In 2023 Update

Enterprise resource planning (ERP) is a type of software that organizations use to manage their day-to-day business activities. Business owners can rely on ERP systems from accounting, project management, procurement, risk management, reporting, etc. In this technology-driven world we’re living in, ERP software is becoming more and more critical for businesses of all sizes and in all industries. That said, this issue will reveal the 5 best ERP software going strong in 2023 for your business success. 

Acumatica

Acumatica, founded in 2008, is a technology provider that develops cloud-based and browser-based ERP software for small and medium-sized businesses. The company’s headquarters is located in Bellevue, WA, USA. 

Acumatica is best for businesses that need a scalable financial and ERP platform. It’s a fully-functional, well-balanced app coming with a modular architecture that targets ERP, general ledger accounting, and inventory management. Additionally, what makes Acumatica appear in the list of the best ERP software is its excellent browser-based user experience. It’s thanks to a feature-rich environment that is accessible via an intuitive user interface.

When it comes to pricing, rather than building a “one-size-fits-all” cost structure, Acumatica ERP pricing is based on your demands and requirements so that you pay only for what you need. If you wish to work with Acumatica, the ERP software provider will work with you, understand your distinct needs and requirements, determine the suitable solution for your company, and present you with an exact price for your license. There are 3 factors that will be taken into consideration when Acumatica calculates your expense: 

• The applications you want to start using
• The type of license you are considering
• Your forecasted level of consumption

Wrike

Wrike is an ERP software provider founded in 2006. The company is based in San Jose, California, USA. Wrike released the beta version of its software, also known as Wrike, in December 2006, and publicly debuted the application that month at the Le Web 3 conference in Paris, where it won the prize for the B2B category. 

Since its establishment, Wrike has been trusted by more than 20,000 companies worldwide. Being among the best ERP software, Wrike helps enterprises improve their ERP using resource management and allocation, workload overviews, performance reports, company-wide visibility, Gantt charts, time tracking, etc. Additionally, with Wrike, companies have the flexibility to customize their workflows and reduce the demand for emails, meetings, status updates, etc. 

In terms of pricing, Wrike offers 4 straightforward plans namely Professional, Business, Enterprise, and an attractive free plan. With the free plan, Wrike users still have access to some essential functionalities like task management, real-time activity stream, basic integrations (Google Drive and MSFT Office 365), 2 GB of storage space, etc. 

Oracle ERP Cloud

Oracle ERP Cloud is a cloud-based, end-to-end business management solution for midsize to enterprise-level businesses. It offers a suite of Software-as-a-Service (SaaS) applications including material planning, financial accounting, and business intelligence.

Being one of the best ERP, Oracle provides a modern, integrated approach coming with the ease of use and flexibility of the cloud. Oracle ERP Cloud offers all the necessary functionality, analytics, security, mobile capabilities, and social collaboration tools to run a business and optimize business processes. In addition to general ledger, analytics, and self-service reporting, Oracle’s accounting features include a powerful business intelligence module to identify trends from enterprise data. 

Oracle ERP Cloud provides its service on the basis of 3 pricing plans including Financial Reporting Compliance, Advanced Financial Controls, and Advanced Access Controls. Companies can also try the product for free to see if it’s the best fit for their businesses before subscribing to a certain plan. 

SAP ERP

SAP ERP is an all-in-one ERP solution for managing business activities including supply chain, product lifecycle, human capital, financial, and customer relationship management. The product operates well on cloud-based platforms, on-premises devices, or on a hybrid model which gives users the benefits of both. SAP ERP also has robust partnerships with plenty of third parties to provide users with diverse integrations and flexible customization services.

SAP ERP has covered approximately 172,000 businesses worldwide. With the solution, enterprises have access to vital applications, analytical tools, data, etc. All those functionalities greatly help businesses streamline their processes and become more competitive. Generally, SAP ERP is a one-size-fits-all solution, covering businesses of all types and all sizes. Even better, it is highly scalable so that you can always add more users and functionality as your business grows. 

SAP ERP is available on a price-quote basis, meaning you need to contact the vendor to obtain the pricing information. Business owners can either purchase the product as a traditional, on-premise application or as a subscription license, hosted on the cloud. 

Sage X3

Sage X3, or Sage Business Cloud X3, is a powerful ERP software solution that is particularly suitable for medium-to-large manufacturers, distributors, and after-sales providers with a national or global scope. Additionally, Sage X3 comes with industry-leading functionality for the chemical, distribution, equipment, fashion & accessories, food and beverage, and industrial manufacturing industries. With that being so, it’s not surprising that Sage X3 makes it to the best ERP software list in 2021. 

Sage X3 adopts the latest technologies to provide an exceptional user experience and powerful analytics in a multi-company, multi-country, and multi-site ERP solution platform. Over 7,000 enterprises around the world use Sage X3 to economically and efficiently make their people, customer data, supplier data, business processes, and devices work in sync. 

The ERP solution provider has not publicized pricing information for this product or service yet. This is a common practice for software sellers and service providers. Enterprises wishing to adopt Sage X3 for their businesses can contact the provider to obtain the current pricing.

Final words

We have walked you through the top 5 picks of ERP software solutions that we believe will thrive in 2023. As having an ERP solution handle all the complexities of business operations is essential in this technology-driven world we’re living in. We hope that business owners and operators like you can form a picture of the ideal solution with this list of the best ERP software to consider in 2021. If you find this kind of helpful content, don’t forget to follow us closely and visit our blog page every day for more in-depth articles. We, ConnectPOS, will always be your supportive companion on the way to your business success. Should you have any questions or need further assistance, contact us now!