Credit: Alex Kotliarskyi
Have you ever considered that your company could be saving money and actually becoming much more efficient by utilizing ERP system accounting software? Today, more and more medium and small businesses alike are realizing just that and taking advantage of ERP solutions.
Below, we aim to first explore ERP vs. accounting software, then briefly discuss how to use ERP accounting software and finally offer our list of top 5 ERP system accounting software favorites. It’s best to know your options before placing a purchase order.
About ERP and Accounting Software
Let’s first be clear. What is ERP accounting software? ERP accounting system software stands for an ‘enterprise resource planning’ (ERP) system of accounting. Most companies agree that accounting is so important to ERP functionality that dedicated ERP software has become a necessity.
What Is the Difference Between ERP and Accounting Software?
The difference between accounting software and ERP is why many companies are wanting to include ERP in their business management software. Consider this. A regular accounting software package covers areas like:
- Basic accounting
- Accounts payable
- Accounts receivable
- Basic banking
- Financial reporting
ERP systems include these simple accounting systems and then some. For example, small business ERP accounting software may include functions such as:
- Inventory management (including warehouse management)
- Human resources reporting
- Customer service reporting
- Customer relationship management
- Product life cycles & supply chain management
- Business processes
Do You Know What Metrics Distributors Need to Be Watching?
Learn More in Our White Paper
Find a Fully Integrated ERP Solution
It’s been our experience that many companies start out with basic accounting software and then add an ERP element to that existing software as their company grows. Unfortunately, this approach is limited in comparison to an intact ERP accounting software solution.
Utilizing ERP and accounting in one comprehensive system eliminates the need for different tools for different areas of your business. In short, a fully integrated system with software and ERP can bring your business to the next level without limitations.
Credit: David Vives
Our Top 5 ERP Accounting Software Based in the USA
Now that we’ve discussed exactly what ERP software is and some of the benefits of this type of system for your business, let’s move on to our ERP accounting software list. Below we offer a list of our favorite ERP accounting software examples, all based in the USA.
1. Sage 100 ERP
We like Sage 100 ERP software because of its total business visibility. Sage ERP systems level up your business. Sage ERP accounting software offers feature-rich ERP in an intuitive software solution that includes:
- Easily customizable business object interface
- Backwards compatibility with scripting that survives updates
- Field searching to keep your systems organized
- Developer community to assist with customization
Search for ‘Sage 100 ERP reviews’ and you’ll see just how popular this solution is for small and medium businesses, and how they improve business operations. This open source ERP accounting software solution is designed for these businesses that have outgrown their current accounting software, but don’t need the high price tag of complete enterprise software.
You may be wondering what the differences are between Sage 100 and Sage 300 ERP software solutions. To be clear, Sage 300 ERP accounting software is not Sage ERP x3. Instead it offers features that take the complexity out of managing your business finances across borders.
The Acumatica ERP solution is another example of cloud accounting ERP software. This solution offers clients simplified scalability without driving up the cost of the solution. Its aim is to centralize all your business data into one simple user interface. With Acumatica you can customize ecommerce solutions supporting multiple channels and integrations.
Acumatica ERP software also offers ‘pay for what you use’ resource-based pricing. This type of pricing structure gives your entire workforce the benefit of up-to-date information, allowing you to add the users you need, without paying for additional licenses.
Microsoft D365 ERP is a Microsoft D365 accounting package that provides a seamless experience across your business’ applications and devices. The most impressive feature about D365 is the Microsoft Dynamics suite of tools that accompany all their software. You start with what you need and can easily adapt as your needs change.
In this solution, they also offer Microsoft D365 CRM or ‘customer relationship management.’ And as always, business can count on the reliability of Microsoft Dynamics based upon their plethora of Microsoft D365 certifications.
Oracle ERP cloud software offers ERP solutions customized to several focus areas for any size business. Oracle ERP modules include:
- Project management risk management
- Order management
The history of Oracle ERP software is an interesting one. One that has led it to what it is today. The Oracle ERP system is now a cloud-based solution accessible via any web browser or mobile application. Spend time checking out this solution and you’ll see that the advantages of the Oracle ERP system are many.
The SAP ERP system offers its customers the opportunity to grow faster, enter new markets and improve resiliency. SAP ERP software solution’s features include:
- Built-in machine learning and digital assistance
- Continuous innovation and updates
- A flexible and scalable platform
- Ease of use on any device
This company also boasts the SAP S4HANA cloud-based ERP system. S4HANA by SAP takes ERP to the next level with the power of in-memory computing to process massive amounts of data as well as support AI and machine learning.
Want to learn more? Check out these other blogs:
And Just a Few More We’d Like to Mention
Although the 5 ERP software solutions we’ve listed are our top picks, we would be remiss if we didn’t mention a few others we like.
- Oracle Netsuite ERP Accounting Software
- Oracle Fusion ERP (the differences between Oracle ERP and Netsuite are varied.)
- Infor Cloudsuite Industrial ERP
- Tally ERP Accounting Software or Tally ERP 9 Accounting Software
Are You Ready to Take Advantage of an ERP ?
If you’ve been using a one-computer accounting system for your business and are finding it limiting, now may be the time to expand to an end-to-end ERP accounting system. You can find ERP accounting software reviews via a simple search, but we’d like to help you choose.
Contact us to talk about the best solution for your business.