Best ERP Software in 2024

What is ERP Software?

ERP software is a system that helps companies manage and automate their day-to-day business activities. These tools consolidate various business processes into one platform, providing better visibility and control over operations.

Here’s our list of the top ERP systems for 2024.

1. SAP S/4HANA

SAP S/4HANA is a highly advanced and customizable ERP solution designed for large enterprises. It offers real-time data processing, perfect for companies looking for agility.

Pros

• Real-time analytics: provides instant insights with its in-memory database.
• Highly customizable: adaptable to specific industry needs, from manufacturing to healthcare.
• Scalable: Suitable for growing businesses and complex operations.

Cons

• Costly: it’s on the pricier side, which might not suit small businesses.
• Steep learning curve: its complexity can be overwhelming for beginners.

Pricing

Pricing varies based on customization and company size, but it typically starts at around $3,000 per user per year.

2. Oracle NetSuite

Oracle NetSuite is a cloud-based ERP solution ideal for mid-sized businesses. It covers everything from financials to inventory management, all in one system.

Pros

• Cloud-based: easy to access from anywhere and highly scalable.
• Comprehensive: offers a wide range of features that cover every aspect of business management.
• Frequent updates: regular updates with the latest features and security measures.

Cons

• Customization limits: while robust, its customization capabilities are not as extensive as SAP’s.
• Pricey for smaller companies: The cost can add up quickly depending on your needs.

Pricing

Pricing starts around $999 per month, plus $99 per user per month.

3. Microsoft dynamics 365

Microsoft dynamics 365 is another powerful cloud-based ERP solution. It integrates smoothly with other Microsoft products like Office 365, making it a great choice for businesses already using Microsoft’s ecosystem.

Pros

• Tight integration with Microsoft apps: works seamlessly with Microsoft Teams, Excel, and Outlook.
• Customizable: offers industry-specific modules for manufacturing, finance, retail, and more.
• AI-powered insights: helps businesses make data-driven decisions through AI capabilities.

Cons

• Complex setup: requires some time and expertise to set up correctly.
• Ongoing costs: cloud-based subscription can get expensive as more users join.

Pricing

Starts at $1,800 per user per year, with additional costs for add-ons.

4. Infor CloudSuite

Infor CloudSuite is an ERP designed for specific industries like healthcare, manufacturing, and retail. It offers industry-specific features, making it a popular choice for businesses with specialized needs.

Pros

• Industry-specific: tailored to specific verticals, making it highly effective for specialized industries.
• Cloud-based: provides flexibility and ease of access.
• User-friendly interface: known for being more intuitive than some competitors.

Cons

• Limited customization: may not offer the same level of flexibility as other ERPs for general businesses.
• Smaller vendor support: infor’s support ecosystem is not as extensive as SAP or Oracle.

Pricing

Starts at $1,000 per user per year, but prices vary greatly depending on the industry and features.

5. Odoo

Odoo is an open-source ERP solution that caters to businesses of all sizes. It offers a range of applications that are highly customizable, from CRM to accounting.

Pros

• Open-source: free to start, with extensive customization options.
• Modular approach: you only pay for the features you need.
• Affordable: much cheaper than other ERP systems, making it perfect for small businesses.

Cons

• Limited out-of-the-box features: needs heavy customization to fit larger businesses.
• Lacks advanced analytics: not as robust in data analytics compared to other ERPs.

Pricing

Starts free for a basic version, with paid plans starting at $24 per user per month.

Our favorite: oracle NetSuite

After reviewing all the options, Oracle NetSuite takes the top spot. Its balance of flexibility, scalability, and comprehensive features make it a great choice for mid-sized and growing businesses. Plus, being cloud-based means you don’t have to worry about maintenance or upgrades—Oracle handles that for you. NetSuite’s ability to integrate with CRM, inventory management, and financials under one roof offers unmatched visibility into your entire business operation.