Even in small and medium-sized companies, it happens quickly that processes become confusing: New software tools are added, information is recorded in different systems, teams work with different sources of information, and at some point no one knows exactly where to find something. In the area of resource and financial management, this is particularly relevant: When sales orders and invoices have to be entered manually, financial data is spread across different tools and spreadsheets, and employees have to first request information about payments or purchase orders from other departments, unnecessary workloads quickly arise and the customer experience can suffer as well.
ERP software for SMEs solves these problems: it brings together all the functions for managing resources such as personnel, capital, materials and operating supplies in a central location and ensures that there is only one source of information that all teams and departments rely on. In manufacturing companies, material requirements planning is also an important part of ERP software.
In this article, we'd like to share several well-reviewed ERP solutions to help you make the choice for your SMB. All ERP for SME tools selected for this article:
ePROMIS is an AI-powered modular business management platform that includes features for business intelligence, customer relationship management and more, in addition to ERP. An integrated knowledge base centralizes all information relevant to the business, and the ERP tool provides information on all available resources, the skills of various professionals, and current resource utilization. Teams can plan and forecast project costs, allocate resources based on real-time data on workload and project progress, simulate different scenarios, and ensure that projects stay on schedule and within planned budgets. Financial management, budgeting and order management capabilities help companies make more informed financial decisions, plan budgets and consolidate sales, pricing, returns management and more in one centralized location. In addition, ePROMIS provides all the necessary functionality for production and supply chain management and procurement to ensure all processes run smoothly and bottlenecks and delays are identified in a timely manner.
The ERP platform is scalable, making it suitable for SMEs even when they are growing. Data security features help teams secure their sensitive data and meet compliance requirements. Pricing information is available upon request.
ERPAG
The cloud-based ERP system ERPAG was developed specifically for small businesses and can be flexibly customized. THE ERP system for small businesses ERPAG offers features for production and supply chain management: teams can manage bills of materials for production, manage their inventory, place orders for missing parts, set goals, create reports, design and print labels with barcodes, track orders and deliveries, and record working hours, among others. Also included are sales and CRM functions such as lead management, quoting and a B2B customer portal. Point-of-sale software is also available.
Companies can sync sales information from e-commerce platforms such as Shopify or Woocommerce, and linking to QuickBooks Online or Zero accounting solutions is also possible, as is integration with payment providers such as Stripe. The price of the tool is based on the number of users and it can be tested free of charge for 15 days.
Genius ERP
Genius ERP is particularly targeted at manufacturing companies in industries such as transportation, automation, industrial and food production machinery manufacturing, and tooling production that offer custom custom builds. Companies can use the solution to manage their accounting, transfer CAD designs from their product engineering software and use them to create bills of materials and price requests, manage their inventory in real time, automatically place reorders, and manage sales opportunities and customer information with CRM capabilities. Project management capabilities make it possible to manage capacity and workloads, set milestones, and review progress in Gantt charts in real time. The Theory of Constraints-based Smart Scheduling tool analyzes which resource has the biggest bottlenecks and optimizes production scheduling and throughput based on this. A Rest API enables connectivity with third-party applications, websites and homegrown software.
Genius ERP pricing is available upon request, as is a free product demonstration.
NetSuite
NetSuite is a cloud-based business management solution that includes tools for ERP and financial management, CRM, accounting, invoicing, business analysis, business intelligence and procurement. Companies can automatically manage inventory and orders across multiple locations, optimize sales demand planning and inventory quantities, track items by batch or serial numbers. Supply chains, goods in and goods out, manufacturing and procurement can all be managed through one centralized system. Financial management tools with integrated business intelligence facilitate pricing, invoicing and tracking of cash receipts, and provide robust foundations for decision-making with financial analysis.
NetSuite's business management system is scalable, and SMBs can add and customize functionality as needed as they grow or change their operational processes. Pricing information and a free consultation and product demonstration are available upon request.
SAP Business One
SAP Business One ERP software is specifically designed for smaller businesses and grows with them. THE ERP system for small businesses covers finance and accounting management, project management, human resources, sales, customer care, purchasing, warehousing, and manufacturing, and provides business intelligence capabilities, analytics, and reporting. Financial tools enable teams to automatically manage postings, calculate taxes, process statements and payments, and execute transactions, as well as manage cash flows, reconcile accounts, and analyze budgets. Reports and analytics incorporate real-time data from business planning and auditing, if desired. Sales teams can manage customer contacts, business opportunities, and service contracts, manage marketing campaigns, and create pipeline forecasts. SAP Business One enables management of the entire order-to-pay process, including vendor inquiries, purchase orders, invoices, returns, and payments, as well as warehouse and inventory management, goods receipt and issue controls, and manufacturing and material requirements planning. Interactive analytics, based on real-time information on all business transactions, provide transparency across all business areas and a quick overview of business performance.
SAP Business One supports 28 languages and multiple currencies. The solution can be deployed On Premises or in the cloud and integrated with the SAP HANA platform. Microsoft SQL is also supported. Pricing information is available upon request.
Workday Financial Management.
Workday's Enterprise Management Cloud is a product suite of multiple solutions for financial management, talent management and workforce management, sales management, professional services automation and more. The Workday Financial Management solution provides machine learning-based intelligent automation capabilities that detect anomalies and recommend actions to help keep processes running smoothly. Business event data is automatically imported and converted into accounting entries to simplify accounting and provide visibility into the financial impact of business events. Teams can merge data from disparate sources to create KPIs, financial statements, or scorecards, for example. They can also manage suppliers, invoices, contracts, and approvals, automate payments, and track assets throughout their lifecycle. All transactions and changes are continuously documented for compliance and audit purposes. The Workday Professional Services Automation PSA solution adds project and resource management capabilities, such as automated on-demand project invoicing, budget planning, staffing demand forecasting, profitability analysis and more. Time tracking and expense reporting are also integrated.
ERP software for SMEs solves these problems: it brings together all the functions for managing resources such as personnel, capital, materials and operating supplies in a central location and ensures that there is only one source of information that all teams and departments rely on. In manufacturing companies, material requirements planning is also an important part of ERP software.
In this article, we'd like to share several well-reviewed ERP solutions to help you make the choice for your SMB. All ERP for SME tools selected for this article:
- Have the core functions of ERP software, i.e., financial management, integrated business operations, supply chain management, asset management and order management functions.
- Meet our definition for the ERP software category: enterprise resource planning software allows companies to track information across all departments and business functions and use a shared database as a centralized common source of information; and
- Have received an average rating of 4.0 out of 5 or higher on Capterra and at least 20 user reviews in the last two years
- and are suitable for use in small and medium-sized businesses.
ePROMIS is an AI-powered modular business management platform that includes features for business intelligence, customer relationship management and more, in addition to ERP. An integrated knowledge base centralizes all information relevant to the business, and the ERP tool provides information on all available resources, the skills of various professionals, and current resource utilization. Teams can plan and forecast project costs, allocate resources based on real-time data on workload and project progress, simulate different scenarios, and ensure that projects stay on schedule and within planned budgets. Financial management, budgeting and order management capabilities help companies make more informed financial decisions, plan budgets and consolidate sales, pricing, returns management and more in one centralized location. In addition, ePROMIS provides all the necessary functionality for production and supply chain management and procurement to ensure all processes run smoothly and bottlenecks and delays are identified in a timely manner.
The ERP platform is scalable, making it suitable for SMEs even when they are growing. Data security features help teams secure their sensitive data and meet compliance requirements. Pricing information is available upon request.
ERPAG
The cloud-based ERP system ERPAG was developed specifically for small businesses and can be flexibly customized. THE ERP system for small businesses ERPAG offers features for production and supply chain management: teams can manage bills of materials for production, manage their inventory, place orders for missing parts, set goals, create reports, design and print labels with barcodes, track orders and deliveries, and record working hours, among others. Also included are sales and CRM functions such as lead management, quoting and a B2B customer portal. Point-of-sale software is also available.
Companies can sync sales information from e-commerce platforms such as Shopify or Woocommerce, and linking to QuickBooks Online or Zero accounting solutions is also possible, as is integration with payment providers such as Stripe. The price of the tool is based on the number of users and it can be tested free of charge for 15 days.
Genius ERP
Genius ERP is particularly targeted at manufacturing companies in industries such as transportation, automation, industrial and food production machinery manufacturing, and tooling production that offer custom custom builds. Companies can use the solution to manage their accounting, transfer CAD designs from their product engineering software and use them to create bills of materials and price requests, manage their inventory in real time, automatically place reorders, and manage sales opportunities and customer information with CRM capabilities. Project management capabilities make it possible to manage capacity and workloads, set milestones, and review progress in Gantt charts in real time. The Theory of Constraints-based Smart Scheduling tool analyzes which resource has the biggest bottlenecks and optimizes production scheduling and throughput based on this. A Rest API enables connectivity with third-party applications, websites and homegrown software.
Genius ERP pricing is available upon request, as is a free product demonstration.
NetSuite
NetSuite is a cloud-based business management solution that includes tools for ERP and financial management, CRM, accounting, invoicing, business analysis, business intelligence and procurement. Companies can automatically manage inventory and orders across multiple locations, optimize sales demand planning and inventory quantities, track items by batch or serial numbers. Supply chains, goods in and goods out, manufacturing and procurement can all be managed through one centralized system. Financial management tools with integrated business intelligence facilitate pricing, invoicing and tracking of cash receipts, and provide robust foundations for decision-making with financial analysis.
NetSuite's business management system is scalable, and SMBs can add and customize functionality as needed as they grow or change their operational processes. Pricing information and a free consultation and product demonstration are available upon request.
SAP Business One
SAP Business One ERP software is specifically designed for smaller businesses and grows with them. THE ERP system for small businesses covers finance and accounting management, project management, human resources, sales, customer care, purchasing, warehousing, and manufacturing, and provides business intelligence capabilities, analytics, and reporting. Financial tools enable teams to automatically manage postings, calculate taxes, process statements and payments, and execute transactions, as well as manage cash flows, reconcile accounts, and analyze budgets. Reports and analytics incorporate real-time data from business planning and auditing, if desired. Sales teams can manage customer contacts, business opportunities, and service contracts, manage marketing campaigns, and create pipeline forecasts. SAP Business One enables management of the entire order-to-pay process, including vendor inquiries, purchase orders, invoices, returns, and payments, as well as warehouse and inventory management, goods receipt and issue controls, and manufacturing and material requirements planning. Interactive analytics, based on real-time information on all business transactions, provide transparency across all business areas and a quick overview of business performance.
SAP Business One supports 28 languages and multiple currencies. The solution can be deployed On Premises or in the cloud and integrated with the SAP HANA platform. Microsoft SQL is also supported. Pricing information is available upon request.
Workday Financial Management.
Workday's Enterprise Management Cloud is a product suite of multiple solutions for financial management, talent management and workforce management, sales management, professional services automation and more. The Workday Financial Management solution provides machine learning-based intelligent automation capabilities that detect anomalies and recommend actions to help keep processes running smoothly. Business event data is automatically imported and converted into accounting entries to simplify accounting and provide visibility into the financial impact of business events. Teams can merge data from disparate sources to create KPIs, financial statements, or scorecards, for example. They can also manage suppliers, invoices, contracts, and approvals, automate payments, and track assets throughout their lifecycle. All transactions and changes are continuously documented for compliance and audit purposes. The Workday Professional Services Automation PSA solution adds project and resource management capabilities, such as automated on-demand project invoicing, budget planning, staffing demand forecasting, profitability analysis and more. Time tracking and expense reporting are also integrated.