11 Best ERP Systems for Small Businesses in 2024

“Are you looking to choose the best Enterprise Resource Planning (ERP) Solution for your business?”

Many ERP systems are available to help businesses of all sizes effectively manage their workload.

According to Statista, the global cloud ERP market is projected to be worth $40.5 billion by 2025, growing at a CAGR of 13.6% from 2019 to 2025.

It’s important to carefully evaluate the various ERP solutions for small businesses before investing. Explore the list of the world’s top 11 ERP systems for small businesses and make an informed decision.

Top 11 ERP Systems for Small Businesses In 2024

Here are the best ERP systems that you can use in small businesses in 2024:

Workday

Workday ERP Software is a premier enterprise resource planning (ERP) solution for enhancing and streamlining business processes. Known for its user-friendly interface and powerful capabilities. It is a popular choice for organizations aiming to boost efficiency and effectiveness.

Workday pricing is quote-based and depends on the specific modules and features you need. It can roughly be around $100 per user per month, depending on the requirement.

Key Features of Workday

• Human Capital Management (HCM): Comprehensive HR functionalities, including talent management, payroll, time tracking, and more.
• Financial Management: Manages financial processes like accounting, procurement, expense management, and revenue management.
• Enterprise Planning: It integrates business planning with performance management to align strategies with execution.
• Student Information System (SIS): This system is tailored for higher education institutions and manages the student lifecycle from admissions to graduation.
• Adaptive Insights: Offers enhanced capabilities for planning, budgeting, and forecasting.

Best For: Human Resources and Financial Industries.

Sage 100 ERP

Sage 100 is a comprehensive Enterprise Resource Planning (ERP) software designed to help small and medium-sized businesses (SMBs) streamline their financial management and enhance operational efficiency. The ERP suite provides a broad selection of modules, such as payroll, core accounting and finance, e-commerce, manufacturing, distribution, and inventory control.

Sage 100 ERP can be hosted on the cloud to enable remote access and team collaboration features.

Key Features of Sage 100

• Accounting and Financial Management: This includes tools for the general ledger, accounts payable and receivable, budgeting, and financial reporting.
• Inventory Management: Facilitates efficient inventory tracking, stock level management, and order processing.
• Sales and Customer Management: This function supports sales order processing, customer data management, and customer relationship management (CRM).
• Manufacturing and Production Management: Provides tools for planning and managing production schedules, materials, and work orders.
• Reporting and Business Intelligence: Offers customizable reports and dashboards for real-time data analysis and insights.

Pricing: Pricing for Sage 100 ERP starts at approximately $75 per user per month.

Best For: Manufacturing, Construction, and Distribution.

SAP Business One

SAP Business One is designed for small and medium-sized enterprises (SMEs). It integrates various business functions into a single system, helping companies manage their operations, from financial and accounting to inventory, sales, and customer relationships, in a cohesive manner.

SAP Business One typically costs around $149 per user per month for cloud deployment, with additional costs for certain features and customizations.

Key Features of SAP Business One

• Financial Management: Provides tools for general ledger, accounts management, budgeting, and financial reporting.
• Sales and Customer Management: Facilitates lead and opportunity management, sales orders, customer data, and post-sales service.
• Inventory and Distribution: Manages warehouse operations, stock tracking, order processing, and procurement.
• Production and Material Requirements Planning (MRP): Assists in planning and managing production schedules, material needs, and work orders.
• Reporting and Analytics: Offers integrated BI tools for customizable reports and real-time data insights.

Best For: Manufacturing, Wholesale Distribution, Retail, and Healthcare Industries.

Epicor

Epicor is a robust and versatile enterprise resource planning (ERP) software that caters to the diverse operational and strategic needs of businesses across a wide array of industries. Specifically designed to enhance efficiency and streamline processes.

Epicor is designed to be scalable and customizable, and its open architecture allows for seamless ERP integration with third-party solutions, making it a suitable option for businesses seeking to improve operational efficiency and achieve sustainable growth.

Epicor ERP pricing varies widely, but you can expect to pay between $175 to $200 per user per month.

Key Features of Epicor Software

• Financial Management: Facilitates robust financial operations with tools for accounting, budgeting, and financial reporting.
• Customer Relationship Management (CRM): Enhances customer engagement and sales management through lead tracking, sales automation, and customer support.
• Supply Chain Management: Optimizes supply chain activities with features for procurement, inventory management, and order fulfillment.
• Production Management: Supports manufacturing processes with tools for production planning, scheduling, and shop floor control.
• Business Intelligence and Analytics: Provides advanced analytics and reporting tools for real-time data insights and informed decision-making.

Best For: Manufacturing, Retail, and Healthcare industries.

Microsoft Dynamics 365

Microsoft Dynamics 365 is a cloud-based enterprise resource planning (ERP) and customer relationship management (CRM) solution designed to streamline business processes and enhance customer engagement.

The pricing for Dynamics 365 varies depending on the modules chosen. On average, it ranges from $50 to $100 per user per month.

Key Features of Microsoft Dynamics 365

• Unified Operations: Integrates financials, supply chain, and operations to enhance efficiency and productivity.
• Sales and Marketing: Provides tools for managing sales processes, customer relationships, and marketing campaigns.
• Customer Service: Offers comprehensive tools for managing customer support and improving service delivery.
• Field Service: Enables optimized scheduling, resource management, and mobile access for field service teams.
• Business Intelligence and Analytics: Includes powerful analytics and reporting tools for real-time data insights and informed decision-making.

Best For: Retail, Manufacturing, Healthcare, and Education.

QuickBooks Enterprise

QuickBooks Enterprise is a robust accounting software tailored for medium to large-sized businesses. It helps manage finances, inventory, sales, and other critical business operations, providing advanced functionality and scalability to support business growth and efficiency.

QuickBooks Enterprise pricing starts at about $120 per user per month, with potential discounts for higher numbers of users.

QuickBooks Desktop Enterprise can be hosted on the cloud to help businesses gain remote access to their business data.

Key Features of QuickBooks Enterprise

• Advanced Inventory Management: Enables tracking inventory across multiple locations, managing stock levels, and automating inventory tasks.
• Custom Reporting and Analytics: Offers customizable reports and dashboards for in-depth financial analysis and data-driven decision-making.
• Enhanced Payroll Management: Streamlines payroll processing, ensuring accurate tax calculations and compliance with regulatory requirements.
• User Permissions and Role-Based Access: Allows setting user permissions and roles to control access to sensitive information and maintain security.
• Comprehensive Sales and Customer Management: Manages sales orders, accounting for invoices, customer-data and tracks customer interactions for improved service.

QuickBooks Enterprise provides a powerful solution for businesses looking to enhance their financial management and operational efficiency.

Best For: Small to mid-sized businesses across various sectors like Retail, Construction, and Manufacturing.

Infor

Infor, a relatively newer entrant in the ERP software market compared to Microsoft and SAP, offers cloud-based ERP solutions tailored to specific industries. It serves both small and medium-sized businesses (SMBs) and large enterprises.

Infor’s ERP solutions also offer custom pricing based on the specific needs of the business. Typically, the cost is about $150 to $200 per user per month.

Key Features of Infor Software

• Industry-Specific Solutions: Tailored applications designed to meet the specific requirements of different industries, ensuring optimal functionality and efficiency.
• User-Friendly Interface: Intuitive interfaces that are easy to navigate and use, enhancing user adoption and productivity.
• Cloud-Based Deployment: Offers flexible deployment options, including cloud-based solutions, providing scalability, security, and accessibility.
• Advanced Analytics and Reporting: Powerful analytics and reporting capabilities enable data-driven decision-making and insights into business performance.
• Integration and Scalability: Seamless integration with existing systems and scalability to accommodate business growth and changing needs, ensuring a future-proof solution.

Best For: Manufacturing, Healthcare, Automotive, and Hospitality Industries.

Oracle NetSuite

Oracle NetSuite is a comprehensive cloud-based enterprise resource planning software designed to streamline business operations for organizations of all sizes. Oracle NetSuite is designed to help businesses improve efficiency, gain visibility, and drive growth by integrating and automating critical business processes, with NetSuite connectors enabling seamless data flow with other key business systems for enhanced operational effectiveness.

Oracle NetSuite typically costs around $99 per user per month, but this can increase based on additional modules and customizations.

Key Features of Oracle NetSuite:

• Financial Management: Provides tools for accounting, budgeting, financial reporting, and compliance management.
• Customer Relationship Management (CRM): Manages customer data, sales processes, marketing campaigns, and customer service.
• Inventory and Order Management: Includes inventory levels, order processing, and supply chain operations to optimize stock and fulfillment.
• E-commerce: Integrates e-commerce capabilities with core business systems for seamless online sales and customer experiences.
• Business Intelligence and Reporting: Delivers customizable dashboards and real-time analytics for informed decision-making and performance tracking.

Best For: Manufacturing, Wholesale Distribution, and Non-Profits.

Odoo ERP

Odoo ERP is a comprehensive, open-source enterprise resource planning software designed to meet the needs of businesses of all sizes. It offers a wide range of fully integrated applications, providing a complete suite to manage various business functions. Its modular structure allows businesses to customize the system to their needs, making it a versatile and scalable solution for various industries.

Odoo offers flexible pricing, starting from about $24 per user per month, with additional costs for specific apps and features.

Key Features of Odoo ERP

• Accounting: Manages financial transactions, invoicing, and payments and generates financial reports.
• Sales Management: Automates sales processes, including quotations, sales orders, and customer relationship management.
• Inventory Management: Controls stock levels and warehouse operations and streamlines supply chain management.
• Manufacturing: Supports production planning, work orders, and bill of materials for efficient manufacturing processes.
• Human Resources: Manages employee records, payroll, recruitment, and performance evaluation.

Odoo ERP’s modular structure allows businesses to customize the system to their needs, making it a versatile and scalable solution for various industries.

Best For: SMEs across various sectors, Manufacturing, E-commerce, and Retail.

SYSPRO

SYSPRO is an enterprise resource planning (ERP) software designed for manufacturers and distributors. It is known for its flexibility, scalability, and user-friendly interface, catering to the specific needs of various industries.

SYSPRO’s pricing usually falls in the range of $99 to $150 per user per month, depending on the chosen modules and deployment options.

Key Features of SYSPRO

• Financial Management: Includes comprehensive tools for managing general ledger, accounts payable and receivable, cash flow, and financial reporting.
• Inventory Management: Provides real-time tracking of inventory levels, stock movements, and warehouse operations.
• Manufacturing Management: Supports production planning, scheduling, control, and materials requirement planning (MRP).
• Supply Chain Management: Enhances the efficiency of procurement, order processing, and logistics, ensuring smooth supply chain operations.
• Reporting and Analytics: Offers robust reporting and business intelligence tools for data analysis and informed decision-making.

Best For: Manufacturing, Electronics, and Food & Beverages industries.

Acumatica

Acumatica provides a comprehensive suite of integrated applications to manage various business functions, including finance, distribution, project accounting, and customer relationship management (CRM).

Acumatica offers a unique pricing model based on resource usage rather than per-user. However, a rough estimate would be around $100 to $150 per user per month based on typical usage patterns.

Key Features of Acumatica

• Financial Management: Provides powerful tools for managing general ledgers, accounts payable and receivable, cash management, and financial reporting.
• Customer Relationship Management (CRM): Integrates sales, marketing, and customer service functions to manage the entire customer lifecycle.
• Inventory Management: Manages inventory levels, stock movements, and warehouse operations efficiently.
• Project Accounting: Automate project costing, billing, budgeting, and time tracking to manage project financials.
• Reporting and Business Intelligence: Provides customizable dashboards and real-time analytics for better decision-making and performance monitoring.

Best For: Distribution, Manufacturing, Construction, and Retail.

How to Select the Best ERP Software for Your Small Business?

When selecting an ERP system, it’s essential to keep the following guidelines in mind:

1. Understand Your Business Needs: Take the time to assess what your small business truly needs regarding functionality, such as finance, inventory, and customer management. Prioritizing features that align with your business processes is essential to ensure the ERP system effectively meets your critical requirements.
2. Consider Scalability and Flexibility: Look for an ERP solution that can adapt and grow alongside your business. It should be capable of handling increasing data volumes, flexible enough to adjust to changing business conditions, and seamlessly integrated with other software.
3. Evaluate Vendor Support and Reputation: Take the time to research and assess the ERP vendor’s reputation, customer support, and track record. Reliable post-implementation support and regular updates are vital for long-term success and minimizing disruptions.
4. Integration and Customization: When selecting an ERP system, it is important to ensure that the ERP system seamlessly integrates with your existing software and provides customization options to tailor it to meet your business’s unique needs.

Human Capital Management (HCM): Comprehensive HR functionalities, including talent management, payroll, time tracking, and more.

Conclusion

ERP systems help growing businesses by centralizing tasks into one accessible database, making workflows simpler and more organized. This eliminates the need for different software for sales, inventory, and other functions.

When selecting an ERP system, it’s crucial to consider your unique business requirements and anticipate potential challenges.

What ERP system are you using for your business? Please share in the comment section below.