To be included in the ERP software category, a product must:
- General ledger, accounts payable/receivable, budgeting, and cash management features
- Human resources functionality like recruiting and payroll, or integration with HR and payroll solutions
- Basic sales and customer management features or integration with CRM solutions
- Functions to create quotes, sales orders, and returns
- Purchasing workflows and purchase order management
- Work with inventory and warehouse management software for picking, packing, and shipping
- Offer advanced supply chain modules, including demand planning and transportation management for distribution companies
- Provide production modules like bill of materials (BOM), manufacturing resource planning (MRP), and quality management features for manufacturing companies
- Feature reporting and analytics for all the modules included in the ERP solution
1. NetSuite
When I worked with NetSuite, I found it to be technically robust, cloud-based ERP solution that brings all core business functions like finance, CRM, inventory, and e-commerce onto a single, unified platform.
What I found impressive was its real-time visibility into financial and operational data, which makes decision-making more informed and strategic. Its flexibility is amazing too, with a high level of customization for workflows, reports, and dashboards, so I can tailor it to fit specific business needs perfectly. Plus, its scalable architecture handles growing transaction volumes and user bases without skipping a beat, making it ideal for businesses preparing to expand.
