Cloud ERP vendors are becoming increasingly more and more competitive, expanding across the world of Enterprise software. The Cloud is quickly becoming a dominant choice of deployment for ERP software and because of that; it has invited many newcomers to the industry.
As a result, the competition among Cloud ERP vendors has heated up over the past several years and it can be hard for buyers to separate, compare, and contrast all the different offerings. Enterprise resource planning (ERP) represents a methodology of best practices for standardizing business processes across an organization. This logic assumes that standardization will result in increased organizational efficiency and a significant return on investment. To make that process a little easier, below are top cloud ERP vendors you can rely on:
FinancialForce's software uses the Salesforce App Cloud. Its suite includes financial management, professional services automation and human capital management (HCM). The latest release of its financial management application permits tailoring of accounts data entry, 360-degree customer views and collaboration features, built-in intercompany reconciliation and automated elimination entries.
NetSuite unifies CRM, e-commerce, inventory and order management into one cloud ERP software suite. More than 30,000 organizations use it worldwide, giving credence to its claim to be the number one cloud ERP product. Unlike late-comers to cloud ERP like SAP and Oracle, it was built for the cloud from the start and incorporates real-time analytics.
Shaw Industries uses NetSuite OneWorld in a two-tier ERP model, running a new 210,000-square-foot manufacturing facility in Nantong, China, and managing 10 international subsidiaries. The Chinese plant is on NetSuite OneWorld for financials, financial consolidations and reporting, order management, inventory management, manufacturing and purchasing, while headquarters in the U.S. uses an on-premise ERP instance.
Based in Germany, with its North American headquarters in Newtown Square, Pennsylvania, SAP is one of the oldest and biggest providers of enterprise-class ERP software. The company was founded in the 1970s by a group of ex-IBM engineers. The product has moved from mainframe, to client/server architectures, to cloud.
Last year, SAP released a product that it said is the most important for the company in 30 years. SAP S/4HANA combines SAP's front end ERP application suite with the company's backend in-memory database. It marks the first time that SAP has required its applications to use its own database instead of allowing third-party databases to be employed. S/4HANA is available in the cloud or on-premises. At the company's May 2016 Sapphire event, executives said that 3,200 customers have migrated to the new version of the company's flagship product.
Oracle is another one of the giants in the ERP space. Originally a database company, Oracle has also long offered its own enterprise applications. The company has acquired other enterprise application companies over the last few decades. It has also promised a comprehensive cloud approach, offering its technology both in the cloud and on-premises, so enabling true hybrid operations for customers. Oracle is now leading with its cloud pitch on its ERP for Enterprise web page.
Acumatica Cloud ERP
Acumatica Cloud ERP and Cloud Accounting are aimed at small and medium businesses. The software can run on iPad, iPhone, Android, Windows, Mac or Linux, making BYOD (Bring Your Own Device) initiatives easy to implement. It includes modules for financial management, distribution, manufacturing, project accounting and customer management.
In addition, it has integrated its cloud ERP software suite with document management (DM), something normally only found in large enterprise deployments. When a production batch or shipment is flagged for recall, therefore, the integration of ERP and DM makes it possible to facilitate immediate communication with retailers, manufacturers and customers to expedite the process.
Microsoft is probably best known for its Windows operating system; its Office productivity suite that includes applications such as Word, Excel, and PowerPoint; and now its cloud service, Azure. But the company also offers enterprise applications under the brand name Dynamics, with offerings that include both ERP and customer relationship management (CRM) applications. Within Dynamics ERP, Microsoft offers multiple product lines created from ERP acquisitions over the years. Microsoft announced in early July 2016 that it will combine its cloud CRM and cloud ERP into one service called Microsoft Dynamics 365.
Salesforce is the biggest cloud provider of enterprise applications, and one that SAP and Oracle keep a careful eye on in the market. While Salesforce's flagship software is its SaaS-based CRM, and the company doesn’t offer its own ERP solution, Salesforce has provided financial backing to FinancialForce, an ISV partner that built a SaaS-based ERP solution for the Salesforce platform. Salesforce Ventures provided the initial funding for the company’s launch in 2009 and has participated in subsequent venture rounds.
Rootstock is another provider of cloud ERP solutions for the manufacturing and distribution sectors. While it gravitates more toward discrete manufacturers, it also serves tiny operations of five or more users, up to large organizations with many sites and hundreds of users. Its product suite comprises a large series of modules, which can be deployed alone or in tandem with others. These include production engineering, inventory, lot and serial control, material requirements planning, capacity planning, scheduling and shop floor control.
Workday is the cloud-based ERP and human capital management company founded by former PeopleSoft executives David Duffield and Aneel Bhusri after Oracle's hostile takeover of PeopleSoft at the end of 2004. Workday was founded in March 2005. Oracle Chairman Larry Ellison frequently cites Workday as a cloud competitor.
Sometimes Intuit's QuickBooks is the right solution, preferable over a giant ERP system, depending on the size and business of the company deploying the software. Intuit pitches QuickBooks Enterprise as an "ERP Alternative."
The company says that QuickBooks Enterprise is not an ERP system. Instead, it's an advanced version of the company's accounting software for mid-market companies that provides an integrated environment that can offer advanced inventory tracking and management, advanced pricing features, and advanced reporting.
The Sage Group
UK-based Sage serves the small and mid-market business market and claims over 6 million customers around the world. But the company says its Sage X3 is enterprise-sized business management software that "frees organizations from the effort and complexity of traditional ERP."