It is almost curtains for 2018 and we are about to step into 2019. Since growth is something that never stops and being in the world of digitization requires constant growth, both in terms of business scale and the use of technology; it is vital to look for the best cloud-based ERP (enterprise resource planning) systems. This year, businesses were more concerned about their product quality, production, process monitoring, business intelligence, and greater use of analytics and it is expected to continue in the next year as well. In order to achieve increased mobility, companies should be looking to adopt new cloud-based ERP software.
Companies going for cloud-based ERP system have to be smart about managing their growth and planning phase if they want to maintain their market position. Similarly, manufacturers have to be very picky in their growth strategies devised after gaining useful insights from the ERP systems. Having that said, we all know how quickly things change in the business world and without staying updated with the latest technologies, it is not possible to generate the desired results.
There are different cloud-based ERP systems available in the market and choosing the right one can give your business the best suitable direction. Let’s give you an overview of the best ERP systems that you can choose for your business. We will also jot down the pros and cons to help you make the right decision. Without further ado, let’s get started:
Acumatica is a cloud-based ERP system that is specially designed for small and medium-sized businesses. The system focuses on distribution, professional services, manufacturing, e-commerce, retail, and technology development firms. The system also supports a vast range of deployment models including multi-tenant SaaS, hosted by Acumatica, and hosted by partners. The cloud applications of Acumatica run on Microsoft Azure operating system and rely on SQL Azure. The power of these systems combined with the grand functionality of Acumatica makes it one of the best cloud-based ERP systems. In the last few months, Acumatica has greatly improved its user interface while adding mobility options as well. This is one of the top reasons why it is a top choice of the customers.
- Easy to understand user interface
- Usable with other platforms
- Provides accurate data
- Difficult CRM integration
- Highly difficult to integrate financial reports
- Foreign currencies not supported
If you are in the e-commerce business and looking for a cloud-based ERP system, NetSuite is for you. NetSuite is one of the original cloud ERP vendors that has helped create the category using its agile development methodologies to release new updates in a very quick succession. It also has the credit to its name of replacing legacy ERP systems and integrates them into two-tier ERP strategy providing better control and tools to the users. NetSuite is highly effective for fashion & apparel, e-commerce, internet & software companies, and distribution businesses.
- Improved user interface
- Greater customization
- Available for multiple web-enabled devices
- The weak inventory management system
- Slow mobile app
- Ineffective search function
Microsoft is a leading name in the industry and it has heavily invested in Dynamics AX that reflects in the financials, user interface, global support, and cloud performance available on Microsoft Azure. Microsoft, in the initial stages, faced a lot of problems with the global partner organizations; however, as of today, Microsoft is delivering solutions across its core verticals of manufacturing, professional services, distribution, and retailing. Since it is a product of Microsoft, you can bank on the quality and rely on it completely.
- Strong integration with other Microsoft products
- Supports workflow
- The flexible inventory management module
- Smooth operation
- Limitations scaling for international deployments
- Notes cannot be added to the accounts payable department
- Restrictions in syncing with third-party apps
The Rootstock is another leading ERP software that has increased its customer base after acquiring Kenandy in January 2018. All the Kenandy suite of ERP applications are now available in Rootstock making it a powerful ERP software in the market. Since its launch in 2008, Rootstock has strengthened itself as one of the best cloud-based ERP systems for manufacturing, distribution, and supply chain of small and medium-sized businesses. It is also quite useful for mid-tier enterprises. The company has different branches in Asia Pacific, North America, and Europe. The rootstock is entirely built on the Salesforce platform and this is where all of its applications are available. Moreover, it also has a partnership with FinancialForce.com that offers cloud ERP system to shared customers having the ability to scale across financial, manufacturing, and accounting requirements.
- Multiple applications available
- Easy to understand design & user interface
- Cost of Foods Sold appears in the statements
- Not suitable for large-sized companies
- Restrictions with other applications
- Slow operation among shared customers
Last but certainly not the least, we have IQMS – an award-winning cloud-based ERP system provider for a wide range of manufacturing industries. Without a doubt, IQMS is considered a pioneer of the cloud ERP system in the plastics manufacturing industry. The reason is that their flagship Enterprise IQ System was designed by the founder to streamline a plastic manufacturing plant that he used to manage before starting the company. It was known as GE Plastics. Coming back to IQMS, it has proven expertise in the defense, aerospace, automotive, plastics manufacturing, medical products, process-centric industries, and packaging industries. IQMS has regional offices located throughout Europe and North America. Moreover, there is a growing network of global channel partners. Through the IQMS solution, using a single Oracle database, the users can easily integrate enterprise resource planning and manufacturing operations functionality.
- Easy to use
- Smooth navigation among modules
- Supports Bill of Materials and configuration
- Not suitable for small and medium-sized businesses
- Financial reports not integrated
- Restrictions with other third-party applications
If you have been looking for the best cloud-based ERP system lately, these are our top five picks you should choose. All of these offers excellent control over your operations and help a lot in maintaining proper records of the operations including manufacturing and distribution. If you need help in choosing the best suitable software for your business or you want experts to integrate the cloud-based ERP software in your business, we are here to help. You can book a free consultation with us, Itspresso, and our expert team will guide you further. For more information or to book a consultation with us, just send us an email at [email protected] and we will get back to you.