Not so long ago, only large organizations could afford to invest in enterprise resource planning systems. But thanks to continuing innovation and improvements, all that has changed. In this article, I’m reviewing the ten best ERP systems for small businesses on a budget. I’ll show you how to get the most features at the lowest price, so you can get the most from all your business resources.
The Best ERP System for Small Business List
Here’s a shortlist of the best ERP systems for small business:
With Genius ERP, it’s easy to see at a glance what’s working (and what’s not).
IQMS EnterpriseIQ ERP acts as a single source of truth for business information.
Designed specifically for manufacturers, the IQMS EnterpriseIQ ERP system is a natural fit for small businesses and startups. The core system features manufacturing and inventory control, sales, and financial management.
The system is designed to scale as your business grows. Additional shop floor and enterprise functions can be added without the need to use third-party add ons. IQMS EnterpriseIQ ERP costs from $35/user/month and a 15-day trial option is also available.
SYSPRO ERP makes it easy to understand your core metrics.
With a history that goes back to 1978, SYSPRO is a mature platform that has grown into a fully-fledged solution.
SYSPRO is an ERP solution focused on helping small to mid-sized businesses engaged in manufacturing and distribution. The modular nature of the system makes it easy to customize. Additional options such as warehouse management and inventory control can be added as needed.
SYSPRO costs from $199/user/month. There is no free trial option.
VersaCloud offers an all-in-one cloud-hosted ERP solution.
Versa Cloud ERP is aimed at small businesses that need advanced resource planning features. The software helps them monitor, manage, report, and consolidate data across their inventories, revenue, and reports.
As a cloud-based solution, this ERP can be accessed from anywhere via desktop or mobile devices. It provides real-time financial and operational insights so that managers can make more informed decisions.
Versa Cloud ERP costs from $150/user/month. There is no free trial option.
HoneyBook helps smaller businesses manage projects, clients, and invoices.
Honeybook targets the small business and professional services market, helping companies and freelancers to organize on-premise work activities, connect with clients, manage invoicing, and get paid. The system includes features such as electronic signatures, expense tracking, and organized calendars.
Branded templates help showcase accomplishments, and payments can be collected by credit card, debit card, or bank transfer. Honeybook offers mobile apps and integrates with third-party applications such as Gmail, Google Calendar, Sage, and Zapier.
Honeybook pricing starts from $9/user/month. A 7-day free trial is also available.
QuickBooks Enterprise gives a comprehensive overview of business processes.
QuickBooks Enterprise is well suited to businesses in construction, manufacturing, distribution, and wholesaling. Features include cost accounting reporting, GAAP inventory management, and the ability to deal with large data sets.
The software is easy to use, so client managers can make critical decisions and pivot business operations as specific needs change.
Pricing starts from $124.12/month, and a free product tour is available.
Oracle Netsuite gives you clear insights into your core business metrics.
Netsuite runs in the cloud and helps thousands of businesses gain greater visibility into their operations. The suite is an integrated solution that helps you automate e-commerce, inventory management, supply chain management, financials, and CRM.
The system has built-in dashboards and offers real-time reporting. It provides a real-time view into performance, from a consolidated level down to individual transactions.
Oracle Netsuite pricing starts from $499/user/month and there is no free trial.
The right ERP system helps a business to leverage all the resources the enterprise has access to. This improves efficiency, reduces wastage, and enhances management insights. So is ERP good for small business? Absolutely!
How to implement ERP systems in a company?
The best way to implement an ERP system in a company is to understand its capabilities and functions. Ensure that senior managers are on board and put a proven ERP implementation team in place.
Employees must be given appropriate training, and you should allow for system upgrades and future changes. Once you know how to use your ERP system, you will find that it delivers an excellent return on investment.
What is a cloud-based ERP system?
A cloud-based ERP system leverages all the benefits of cloud computing in managing your enterprise resources. All the software tools are hosted and managed ‘in the cloud’ by your ERP vendor.
This frees your management team to focus on running your business instead of managing IT. In addition, these solutions bring you the benefits of built-in redundancy, security, scalability, and automatic updates. Examples of cloud-based ERPs for small businesses include ERPAG and Statii.
What Do You Think About These ERP Systems for Small Business?
Now you have a good understanding of the options available when seeking an ERP system for a small business. Which ones do you think are awesome…and which ones are awful? Let us know in the comments below.