10 Best ERP Systems for Small Businesses on a Budget Featured Image

10 Best ERP Systems For Small Businesses On A Budget

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:

  1. GeniusERP - Best for manufacturing companies
  2. IQMS EnterpriseIQ ERP - Best for scalability
  3. SYSPRO ERP - Best for flexibility and ease of use
  4. Dolibarr ERP CRM - Best free ERP system
  5. Versa Cloud ERP - Best ERP for inventory-heavy businesses
  6. HoneyBook - Best for end-to-end project management
  7. Oracle Fusion Cloud ERP - Best for organizations with sophisticated supply-chain requirements
  8. QuickBooks Enterprise - Best ERP for QuickBooks users
  9. Netsuite - Best for businesses with a global presence
  10. Odoo.com - Best open-source ERP solution

ERP System for Small Business Comparison Criteria

What do I look for when I select the best ERP system for small business? Here’s a summary of my evaluation criteria: 

  1. User Interface (UI): Are complex ERP features presented in a way that’s easy to navigate?
  2. Usability: An ERP system will be used by many people in an organization. Will employees at all levels find the software easy to learn?  
  3. Integrations: ERP systems need to integrate with many other software suites. Are these integrations already built-in?
  4. Value for $: Does the price fairly reflect the ERP features offered? Is pricing clear, transparent, and adaptable to any small business?

ERP system for Small Business Key Features

  1. Accounting: Helps to simplify financial report and manage resource allocation
  2. Human Resources: Enables companies to administer HR business functions with speed and accuracy
  3. Inventory Management: Tracks information on product supply to ensure optimal stock levels
  4. Business Intelligence: Analysis of pertinent data to assist in decision making
  5. Manufacturing: Improves forecasting so that budgets can be allocated correctly
  6. Supply Chain Management: Tracks goods as they move through the entire supply chain
  7. Customer Relationship Management: Manages interactions with prospects and customers
  8. Automation: Simplifies repeatable business processes for greater efficiency
  9. Analysis and Reporting: Provides comprehensive data to enable better decision making

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Overviews Of The 10 Best ERP System for Small Business

Here’s a brief description of each ERP software solution for small business on my list, showing what it does best and screenshots to showcase some features.

  • From $125/user/month

GeniusERP - Best for manufacturing companies

With Genius ERP, it’s easy to see at a glance what’s working (and what’s not).

Genius ERP is a complete enterprise resource planning system built with manufacturers and distributors in mind. It’s ideal for companies handling make-to-order, engineer-to-order, custom-to-order, and assemble-to-order operations. Notable features include accurate estimating, inventory control, order management, procurement planning, and accounts management. With additional options such as product engineering and field service, Genius ERP simplifies complex manufacturing management. Pricing for Genius ERP costs from $125/user/month. There is no free trial option.
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  • 15 days free trial
  • From $35/user/month

IQMS EnterpriseIQ ERP - Best for scalability

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.

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  • From $199/user/month

SYSPRO ERP - Best for flexibility and ease of use

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.

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  • From $9/user/month

Dolibarr ERP CRM - Best free ERP system

Dolibarr combines ERP & CRM software in a single open-source solution.

Dolibarr is an open-source platform that combines ERP and CRM software into a single solution for small businesses, foundations, and freelance professionals.

The software is simple to install and use. You can start with the core system, then add industry-specific modules as required. Dolibarr is highly rated and represents excellent value for money.

Pricing starts from $9/user/month and a free trial option is available.

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  • From $150/user/month

Versa Cloud ERP - Best ERP for inventory-heavy businesses

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.

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  • 7 days free trial
  • From $9/user/month

HoneyBook - Best for end-to-end project management

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.

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  • From $175/user/month

Oracle Fusion Cloud ERP - Best for organizations with sophisticated supply-chain requirements

Oracle Fusion Cloud ERP provides in-depth information and analytics for supply chain reporting.

Oracle Fusion Cloud ERP is an end-to-end business management solution. The suite of applications includes material planning, financial accounting software, and business intelligence.

You can integrate the system with your current SaaS software solutions and leverage a range of Oracle technologies to gain a single view of business workflow.

Pricing starts from $175/user/month. There is no free trial option.

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  • From $124.12/month

QuickBooks Enterprise - Best ERP for QuickBooks users

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.

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  • From $499/user/month

Netsuite - Best for businesses with a global presence

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.

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  • Available free of charge on an open-source license

Odoo.com - Best open-source ERP solution

Odoo provides sophisticated ERP features in a free, open-source environment.

If you are looking for a cost-effective ERP system, then Odoo is well worth a look. This open-source solution can be used to streamline your entire business without the need for additional software.

Odoo includes modules designed for manufacturing, inventory, projects, and accounting. There are also over 23,000 third-party apps that integrate seamlessly with native Odoo applications.

Odoo Community Edition is available free of charge on an open-source license.

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Best ERP System for Small Business Summary

Other ERP System for Small Business Options

Here are a few more that didn’t make the top list.

  1. Allprowebtools.com – Best for a simple, all-in-one solution
  2. Mothernode.com – Best for getting more done in less time
  3. Open Pro ERP – Best for open source LAMP technology
  4. ERP Gold – Best for multi-channel businesses
  5. Easy ERP – Best open source for small businesses
  6. Kechie ERP– Best for an integrated cloud solution
  7. Rover ERP – Best for tailored workflows
  8. Marg ERP – Best for businesses based in India
  9. Katana– Best for live inventory management
  10. M1 ERP – Best for real-time operational visibility
  11. E2 Manufacturing System – Best for job shops
  12. Realtrac – Best for shop management
  13. MRP Easy – Best for self service
  14. Visco – Best for importers
  15. Pilot ERP – Best for small manufacturers
  16. ERP 123 – Best for a flexible, affordable solution
  17. Priority AccountEdge – Best for Mac users
  18. ERPAG for GSuite – Best for a Google Workplace solution

How can ERP help a business? 

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.

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