Enterprise Resource Planning (ERP) Software FAQs
What is enterprise resource planning (ERP) software?
Enterprise resource planning software (ERP) integrates all of an organization’s departments and functions into a single system to help manage the business. ERP software is often used by project managers and business operators. Departments that are often integrated through ERP software include finance, planning, marketing, human resources, sales, reporting, manufacturing, operations, and more.
How can ERP software help my business?
Implementation of enterprise resource planning software can help businesses manage multiple essential departments such as finance and operations. By integrating departments through ERP software, you can manage costs more effectively and improve the performance and speed of your overall business. ERP software can help improve communication and coordination between departments to ensure operations are functioning properly at all times.
How much does enterprise resource planning software cost?
ERP software pricing is tiered depending on the number of users and the features included. Outside of free enterprise resource planning software options, monthly subscription-based ERP software runs anywhere from $19 per user per month to several thousand dollars per month. To see a breakdown of products and prices, visit our ERP software cost blog post.
What are some common ERP software features?
Some common ERP software features include HR management, financial management, project management, and accounting management. For a comprehensive list of enterprise resource planning software products, visit our ERP software directory and filter your results by the number of users and features that best fit your company’s needs.
What are the benefits of integrating the various departments of my business?
While each department serves its own purpose individually, all aspects of business function toward a common goal or mission of the greater company. The biggest benefit of integrating departments is centralizing the aspects of business that lead to success. Another benefit of successful ERP software is having all business units operating under the same definitions and understandings of data.
Should I demo enterprise resource planning software before making purchasing decisions?
Yes. Most people demo two or three options after completing their initial enterprise resource planning software research. Taking advantage of free demos, webinars, and trials is a great way to gain insight into which features and functionality best fit your company’s needs.
How does ERP software work?
According to our research, enterprise resource planning software manages multiple departments of your organization by creating a unified dataset for your business. Business operators can determine definitions of key data points so there is no confusion on what is being recorded by the ERP software. Clarity surrounding these definitions creates unity amongst business operations and speeds up the decision making process.
What is the most popular enterprise resource planning software?
Every year, Capterra releases a list of the most popular enterprise resource planning software. Right now, the most popular ERP options are Microsoft Dynamics, Sage 100, Odoo, SAP Business One, and Oracle Netsuite. These top five most popular products account for almost 50% of the industry. To gain more insight into the top five most popular options and how they differ, visit our logistics technology blog to see the top 5 most popular ERPs compared.
Are there any free enterprise resource planning software options?
While the cost of ERP software is tiered depending on the number of users and features included, there are plenty of free, open source ERP options that can help any business with their enterprise resource planning needs. The top 8 free, open source ERP software options are: Dolibarr ERP, ERPNext, iDempiere, MixERP, Odoo, Openbravo, VIENNA Advantage Community Edition, and xTuple PostBooks. Check out a more detailed breakdown of these products here!
Are there any ERP resources available for small businesses?
Thorough research and understanding of the enterprise resource planning software industry can help ensure a smooth integration of ERP software. If you are part of a small business looking into enterprise resource planning software, check out Capterra’s logistics technology blog for 4 ERP resources to help you make the best purchasing decisions for your company.
When should you choose cloud-based ERP software over installed ERP software?
According to our research if you don’t have a strong IT department, on-premise installation is too pricy, or your company needs (or wants) to access to your ERP software data outside of the office, then cloud-based ERP software options are best for you.
What are potential data quality issues or challenges associated with enterprise resource planning software?
Implementing effective ERP software brings the challenge of integrating multiple departments with varying functionality. One of the biggest challenges of successful ERP software is implementing universal definitions of your company’s data across departments. However, these challenges can be met with organization and communication regarding definitions prior to the implementation of ERP software. Continual feedback and clarity regarding timelines can help you tackle potential ERP software challenges too. Check out our logistics technology blog to learn about five steps that will help you avoid ERP failure.
What are the advantages of using ERP software?
Advantages of using ERP software include improved productivity and efficiency and streamlined processes. ERP software helps users automate cross-department operations and house all data in a central location. This helps users better track reporting and foster growth through access to centralized and accurate information.
- Full ERP Software List