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10 Best ERP Software Of 2020 (+ Free ERP Options)

This article will help you quickly compare and evaluate the best ERP software—that’s the best enterprise resource management tools and some other ERP technology that I think you’ll find helpful.

The appeal of enterprise resource planning systems (ERP systems or ERP software) is easy to fathom. After all, who wouldn’t embrace the idea of business processes being compiled and maintained in a neat, easy-to-scale package? That’s probably why 50% of companies are planning to implement (or update their existing) ERP system according to a 2019 report.

The enterprise resource software market is growing exponentially as more companies get on board. In fact, it’s estimated that the ERP software market will be worth a whopping $60 billion by 2024; this is at a CAGR of 8.66% over the forecast period according to MarketWatch. 

In this post, I’ll explain what enterprise resource planning systems (ERP systems) are and how ERP software companies set out to make assessments or time, money, and more, much easier for you to manage. 

Quickly Compare & Evaluate The 10 Best ERP Software Options

Curious as to what types of ERP software are out there and which one you should use? Check out this summation of our top 10 list below. 

The Best ERP Tools List

Here’s a shortlist of the top ERP systems:

  1. Odoo
  2. ERPNext
  3. Compiere
  4. Dolibarr 
  5. webERP
  6. Delmiaworks
  7. Microsoft Dynamics 365
  8. Oracle ERP Cloud
  9. SAP ERP
  10. SYSPRO ERP

Enterprise Resource Planning System Comparison Criteria

What are we looking for when we select enterprise resource planning software for review? Here’s a summary of my evaluation criteria:

  1. User Interface (UI): Is it clean and attractive?
  2. Usability: Is it easy to learn and master? Does the company offer good tech support, user support, tutorials, and training? 
  3. Features & Functionality: 
    1. Accounting Functionality – How well does it integrate or include accounting software and tools?
    2. Inventory & Warehouse Uses – How well does it integrate or include inventory processing tools?
    3. Marketing Tools – How well does it integrate or include marketing features and functions?
    4. Reporting and Analytics – Does it offer customizable, robust reporting, and analytics options to track business performance? Are reports easy to export, design, and share? 
  4. Integrations: Is it easy to connect with other tools? Any pre-built integrations?
  5. Value for $: How appropriate is the price for the features, capabilities, and use case? Is pricing clear, transparent, and flexible?
  6. On-Premise vs Cloud ERP: These are the two common deployment options. Is the ERP software cloud-based or delivered as a SaaS? Would you need to work with the software vendors to undergo an ERP implementation and install it on site?  
  7. Real time updates: Does the system allow for real time updates on items like inventory, new purchase orders, or invoice payments? Keeping your software as up-to-the-minute as your business is will allow you to gain efficiency and reduce miscommunication.

When reviewing ERP software for the criteria above, it is critical to consider the specific needs of your business.

For example:

  • Manufacturing companies will need to keep track of the manufacturing process and their supply chain. 
  • Distributors will need to track purchase orders as well as ensure proper order management, order processing, and warehouse management. 
  • Large enterprises might need everything from sales to marketing to manufacturing to distribution. Either way, businesses of all size need some type of ERP software system that fits their business needs.

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Overviews of the Best ERP Solutions

Here’s a brief description of each of the ERPs that are featured on this top 10 list. 

1. Odoo – Open source ERP and CRM with 10,000+ apps designated for sales, service integration, operations, web presence, and more. 

The accounting dashboard flags reconciliation and bill payment issues. 

2. ERPNext – Open source cloud ERP software that includes accounting and cash flow, payroll and HR, manufacturing, sales, and more. 

View visualizations for payment methods and sales over time. 

3. Compiere – An cloud-based ERP program with warehouse management, manufacturing process automation, CRM functionality, and more. 

The Accounting Processor handles schemas, schedules, and approvals. 

4. Dolibarr – An open-source ERP application with flexible scalability making it great ERP software for small businesses with growth potential. 

The Projects Area screen uses graphs and charts for quick project detail status. 

5. webERP – A cloud-based ERP, accounting, and business management system that requires only a web-browser and pdf reader to use.

Use customer profiles to track accounting debits and credits in a simple overview. 

6. Delmiaworks – Formerly IQMS Manufacturing Software, Delmiaworks is ERP designed for the unique challenges of a factory environment.

A variety of visualization options display items like labor costs and sales by customer. 

7. Microsoft Dynamics 365 – ERP integration designed by Microsoft that connects all your data to create advanced intelligence solutions. 

A clean, intuitive UX as expected from technology giant Microsoft. 

8. Oracle ERP Cloud – Oracle’s business process tools integrate everything from ERP accounting software to advanced controls management. 

Select from myriad apps to add and remove the functionality that you need. 

9. SAP ERP – Integrate business processes with various financial functions to facilitate communication and information sharing across the platform. 

Skim tabs for Administration, Partner, Texts, Conditions, Dates, and other details. 

10. SYSPRO ERP – SYSPRO ERP software allows manufacturers to plan, execute, and control each element of product or service production. 

A quick AR query pulls up contact information, sales history, and invoices.

What Do You Think About This ERP Systems List?

Have you tried out any ERP vendors listed above? What enterprise resource planning software company do you prefer? Let us know in the comments.

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