The Best ERP Software for Small Businesses

Best ERP Software for Small Businesses

At present, every business organization is endeavoring to sustain itself in the marketplace by adopting an effective strategy and management systems. In this regard, you must have proper knowledge of ERP software that helps you to identify the best ERP Software for small businesses, or medium, or large businesses. 

The Sales ERP software can be a trump card for your business. This automated software’s unique features will provide you with great care to systematically and accurately manage the business activities. 

What is ERP Software?

ERP refers to Enterprise Resource Planning, which is the process of integrating and managing all business activities. The ERP software helps a company run its entire process with a single system, which means that all processes can be accessed through one application with one interface. 

“The early ERP systems mainly focused on the enterprises, but nowadays, small businesses considerably adopt ERP systems.” Source.

The sales ERP system is automation software that helps keep track of human resources, accounts, manufacturing, supply chain, CRM, and inventory of different types of businesses, including small, medium, or enterprise. It is a smart enterprise resource planning solution to oversee your business operations. 

List of Best ERP Software 

Types of ERP Software for Small Businesses

ERP software is categorized into three common types including- 

  • ERP software Developed Only for Small Businesses
    • On-premise or web-based
    • Lower upfront cost
    • Less complex 
    • Limited functionality
    • Used by small businesses or entrepreneurs 
  • Industry-specific ERP system
    • Project management capability 
    • Quality control functionality
    • More costly 
    • Used by different industries like process and discrete manufacturing, distribution, retail, etc.
  • Cloud-based ERP System
    • Low upfront costs
    • Lower monthly payment
    • Easy to set up
    • More customization facility
    • Used by entrepreneurs and small businesses

Features of an ERP System

Top Features of an ERP System

ERP software can provide you with the best guideline and an efficient pathway to successfully manage your business organization as ERP software can handle and manage vital business operations, including accounts, sales, stock, customers, manufacturing process, employees, etc.  

What your company needs must be recognized first before choosing the best ERP software. The essential features of ERP software are given below- 

  • Business Intelligence: It enables your business to analyze relevant data that helps in the decision-making process.

  • Striking Dashboard: A dynamic dashboard is a mirror of your business where you will get an overall summary of your business. 

  • Product Management System: You can add your product easily in ERP software with detailed information. Thus you will get a product list of your organization. 

  • Supply Chain Management System: Supply chain management is a crucial task for a business organization. This feature includes supply chain planning, warehouse management, and supplier management. 

  • Operational Management System: Different operations of your business organization can be monitored and recorded in ERP software.

  • Accounts Management System: Tracks all transactional information, income, and expenses, and creates profit and loss statements. 

  • Human Resource Management System: This feature helps manage human resources more effectively and improve the organization’s employees’ performance.

  • Sales and Marketing Management System: The POS system helps you to manage your sales and marketing information. 

  • CRM System: It is an essential feature of ERP software. The customer relationship management system helps you to increase customer retention and improve customer satisfaction levels. 

  • Inventory Management System: The stock of your organization can be appropriately tracked by ERP software, and you can quickly get your inventory status through this feature. 

  • Role-based permission System: The admin can set the access limitation as the role-based permission system is available. It helps to operate the ERP software more conveniently and securely. 

  • Analytics and Reporting System: It collects all comprehensive data of different departments and facilitates proper data analysis and effective decision making. 

  • Integration System: The integration system makes ERP software more user friendly and convenient. You can develop a robust platform by integrating your necessary tools. 

However, ERP software is the topmost business management system that possesses unique and distinctive features that can uplift your business. For a small business, ERP software plays an inevitable role in development in the future. 

The proper understanding of sales ERP software’s salient features can help you out why you should choose the best ERP software.

Who are the users of ERP Software?

The automation system helps you to operate and manage your business activities automatically. Nowadays, the technologies ease the way of regulation of the business operation. 

Without adopting ERP software, you will not be able to conduct your business more efficiently and conveniently.

In an organization, some departments require ERP software to manage the activities accurately and effectively. 

  • Accounts and finance

The accounts department is an essential sector of an organization. This department has to regulate several activities related to the direct and indirect cost. 

The activities which are maintained by the Accounts department like

  • Wages
  • Commissions
  • Utilities
  • Insurance etc. 

Moreover, ERP software helps you to create the financial statement of your business automatically and accurately.

  • Sales

Sales of an organization are one of the parameters to recognize the profitability. It relates to other functions. The POS system helps to manage the sales of an organization. 

  • Contains a lot of valuable historical sales data
  • Manage the information of the customer  credit limits
  • Record the sales data for future purpose
  • Operations

The operational department of a company greatly depends on ERP software.

  • Production operation for manufacturing company
  • Project management to professional service providers
  • Warehouse and inventory management to distributors
  • Quality management 

The quality management department has to perform several tasks. In this case, ERP software assures them to maintain the quality of the services properly. 

Especially for the food industry, it is highly needed. Manufacturing ERP software can track the quality of the products.

  • Product 

Product development greatly depends on the sales department. ERP software helps determine the sales status, and the product development department introduces the product line based on the sales rate.

  • Purchasing and procurement 

The ERP software maintains different activities in the purchasing and procurement department, including-

  • Tracking the raw materials providers
  • Logistics providers for distributors
  • Update the current status of the products 
  • Helps in determining what needs to purchase
  • Provide information on sales orders 

Industry category for ERP System

The ERP software users based on industry category, manufacturing (47%), distribution (18%), services (12%), construction (4%), retail (3%), utilities (3%), government (3%), healthcare (3%), and other (10%). Source

ERP systems are developed for specific organizations for conducting specific tasks. 

Manufacturing Types of ERP Systems

  • Manufacturing Types of ERP Systems
    • Construction
    • Aerospace and Defense
    • Home Improvement and Furnishings
    • Food and Beverage Manufacturing
    • Pharmaceutical Manufacturing
    • Plastics and Petrochemical
    • Metalworking
    • Paper and Packaging
    • Automotive Manufacturing
    • Electronics and Technology

Non-Manufacturing Types of ERP Systems

  • Non-Manufacturing Types of ERP Systems
    • Education
    • Healthcare
    • Hospitality

Cost of ERP Software for Small Businesses

Cost of ERP Software for Small Businesses

The ERP system for your small business is not as expensive as the ERP software for the enterprise. Initially, you have to identify your exact requirements based on your business types. 

You can invest between $1000 to $5000 for a complete package of ERP software. In this case, you have to decide which one you will choose, either open source or cloud-based. 

Several factors affect your costing, including

  • The concurrent users
  • Additional modules
  • Implementation costs
  • Continuous maintaining
  • Training program

In addition to this, you have to be aware of hidden costs. It can extend your investment amount significantly. 

Suppose you purchase an open-source type  ERP software that offers you several essential functionalities and features. You will need additional support after purchasing the ERP software for your small business. 

So it is a significant factor that must be considered while choosing the best ERP software from a company. 

On the contrary, you can go for the cloud-based ERP software. This type of ERP software has a monthly or yearly subscription system. In this case, you will have to pay a fixed amount of payment.

Moreover, you have to pay additional costs as your requirements to maintain your small business or medium or enterprise by cloud-based ERP software.
 

Top 20 Best ERP for Small Business

#1 Sales ERP - ERP Software & App

Best ERP Software for Small Businesses

Sales ERP software is the top featured management system for all types of business organizations. It is an open-source ERP software that means you can purchase it fully through a one-time payment system.

This software beats the competition in nearly every category. Across the globe, more than 1000 business owners adopt this business solution. 

It is easy to add functionality and fully customizable. Different types of business can be managed efficiently by Sales ERP software, including-

  • Professional Services
  • Marketing and Advertising 
  • Ecommerce
  • Distribution
  • Restaurant and Hospitality
  • Pharmaceuticals etc.

Features

  • Order management system
  • Financial management system
  • Production management system
  • Supply chain management system
  • Human resource management system
  • Customer relationship management system
  • Inventory management system
  • Real-time notification system
  • Role-based permission system
  • Dynamic admin panel
  • Reporting and analytics system
  • Barcode and QR code scan system

#2 NexoPOS

NexoPOS

NexoPOS is a free ERP software and open-source ERP software. It is a web-based POS system for small, medium, and large businesses. 

The intuitive user interface of NexoPOS software helps you to manage your store and staff. Besides, you can keep an eye on your inventory. 

This ERP software provides you a real-time report by which you can easily identify your business’s current status. 

The accounts section of your business is a crucial part. The accurate cash in and cash out operations can be done by adopting the NexoPOS ERP software.

Features

  • Multistore compatible system
  • Enhanced stock management system
  • Multi cash registers system
  • Multipurpose POS system
  • Accurate stock follow up system
  • Multi-Language support system
  • Order management system
  • Barcode reader supported
  • Well documented

#3 Ultimate POS

Ultimate POS

Ultimate POS system has a lot of features. It is suitable for small and medium-sized businesses. You can get many customization options as per your requirements in Ultimate POS software. It is user friendly. 

This ERP software helps you to manage your business operation effectively. It covers almost all business scenarios required for any retailer. The latest update of Ultimate POS software is well developed and improved.

You can manage your multiple shops, products, sales, stock, and other activities by adopting the Ultimate POS system.

Features

  • Multiple businesses control system
  • Advanced product management system
  • Real-time alert system 
  • Customer, supply chain, and payment maintenance system
  • Reporting the real-time data
  • The user interface is simplified.
  • Extremely customization facility
  • Easy installation process
  • Documentation and notification system

#4 Microsoft Dynamics 365

Microsoft Dynamics 365

Microsoft Dynamics 365 is the most popular ERP systems. It is very powerful and flexible. The world’s biggest companies use this ERP software, including Delta, BMW, Coca-Cola, Adobe, UPS, and many more.

The small business can adopt Microsoft Dynamics 365 that is an ideal ERP solution. It is not a single product as it offers multiple product bundles according to your requirements. 

Microsoft is completely transparent about its price. You will get the price of each category individually. Besides, Microsoft offers you a six months free subscription facility. 

Microsoft Dynamics 365 helps you handle your marketing, sales, customer service, operations, field service, human resources, commerce, accounts, and other activities easily. 

Features

  • Web API enhancements 
  • Customer insights
  • Activity sorting control
  • Programmatic management of products
  • Access permission system
  • Customizable grid
  • Cortana integration system
  • Power BI
  • Sitemap designer for apps
  • Server to the server authentication system

#5 Sage Intacct

Sage Intacct

Sage Intacct is best for small to medium-sized businesses. You have to pay monthly, and based on your business needs and requirements, you can customize it.

It is a business solution that helps you manage your overall activities, including financial maintenance, stock management, and order management.

Features

  • Multidimensional data analysis
  • Intuitive dashboard
  • Revenue and billing processes
  • Robust financial maintenance system
  • Integration system with salesforce, ADP, and more
  • Flexible modules
  • Workforce management system
  • Sales and purchase management system

#6 SAP Business One

SAP Business One

The SAP business one is often used for more significant operations, but it is a great solution for small businesses. SAP business one provides industry-specific solutions.

You can choose from more than 500 add-ons to make your software more user friendly and convenient according to your business types and requirements. 

SAP business one provides you intuitive mobile access. So you can control your business through the software from anywhere, anytime.

You will face a little bit of hassle while setting up this ERP software. It is the biggest drawback of SAP business one. 

Although you can confront some difficulties by adopting SAP business one ERP software while conducting a larger business, it is the best for small businesses. 

Features

  • Sales management system
  • Inventory management system
  • Customer relationship management system
  • Financials maintenance 
  • Analytic system
  • The real-time reporting system
  • Integration system bot Android and IOS
  • Alert system

#7 Wholesale

Wholesale

Wholesale ERP software is a full package of inventory management systems. It helps to conduct the normal process of workflow in a company.

You will get benefited from this application. In addition to this, through this ERP software, you can see the ledger of the customer and the debit information. 

Moreover, it is easy to add customers, manage customers, credit customers, and paid customers using Wholesale ERP software.

Features

  • POS Invoice system
  • Product management system
  • Customer management system
  • Supplier management system
  • Account management system
  • Report management system
  • Bank management system
  • Multi-language support system
  • Software customization system
  • Human resource management system

#8 Maxer ERP System

Maxer ERP System

This ERP software is a 360-degree solution for your small business. Maxer can manage your business at your fingertips. 

It offers you in fulfilling all the functions, including accounts, POS, HR, manufacturing, marketing, etc. The intuitive needs, upgrades needs, integration system, will help you run your business smoothly. 

The main aim of this ERP software is to offer a software solution that is accessible to all and easy to handle. 

Features

  • HR-payroll management system
  • CRM 
  • Sales management
  • Manufacturing maintenance system
  • Purchase management system
  • Notification access
  • Reporting system
  • Allows unlimited users
  • Chart of accounts 

#9 Nagadan ERP

Nagadan ERP

Nagadan ERP software is the most comprehensive ERP software. It is also the most prominent accounting management software. For the enterprise, Nagadan ERP is the only business solution. 

The small business can also adopt this ERP and accounting management system. The retailer and wholesale business have to calculate their sales and inventories. In this case, the Nagadan ERP software helps you to handle these operations.

Nagadan is a simple ERP software, and it is easy to use. In addition to this, the software offers you a flat UI design, a modern dashboard, barcode, and QR code scanning.

Features

  • Full accounting management 
  • Manufacturing process management system
  • POS system
  • Stock management system 
  • GST, tax, and vat cess enabled invoices
  • Attendance system
  • Multi-users facilities
  • Profit and loss statement system
  • Multi database system

#10  InfixBiz

InfixBiz

InfixBiz is a fully responsive layout for all types of devices. In this case, this ERP software has a responsive layout design.

Besides, it has enough options, balanced typography, and responsiveness functionality as it is touch-friendly. Moreover, any type of mobile device can run this software that helps to increase the UX.

InfixBiz supports multiple languages. This open-source business management ERP software helps the business organization to maintain the essential operations effectively.

Features

  • Accounts management system
  • Invoice management 
  • Leave management system
  • Project management 
  • Inventory management system 
  • Quotation management 
  • Ticket
  • Reporting system
  • Communication process 
  • User management system
  • Role permission management system

#11  IniSoft ERP

IniSoft ERP

IniSoft ERP is an advanced POS and stock inventory system which is developed by PHP. Besides, it is a web application that helps you to manage your inventory and invoice system on site. 

Moreover, you can easily update your stock information, service sales by any one-time service, make purchases view sales data, and information anywhere.

Features

  • Product setup system
  • Service category system
  • Stock management system
  • Stockout alert system
  • Purchase management system
  • POS invoice system
  • QR code and scanner system
  • Daily and monthly sales report
  • Profit and loss report
  • Customer report system

#12 BatchMaster

BatchMaster

BatchMaster is the best ERP software for process manufacturing software. It is designed to fulfill the particular needs of process manufacturers.

In addition, it is a complete ERP software that makes your inventory system more convenient and can easily control your business. 

Moreover, BatchMaster helps you maintain some essential operations, including transactional audit reports, labeling, reports, shipping documentation, etc.

Features

  • Batch production system
  • Lab and formulation 
  • Quality control system
  • Tracking compliance system
  • Inventory management system
  • Product costing
  • Packaging BOM
  • Planning and scheduling
  • Mobile warehousing 

#13 SmartERP

SmartERP

SmartERP is a well developed and amazing business management solution. You can easily handle your stock, products, customers, suppliers, sales, purchases, customer payments, accounts, and many more essential tasks. 

The coding style is TypeScript, and it follows standard ASP .Net Core 3.1 MVC and C#. SmartERP uses MS SQL server database.

Features

  • Super dashboard
  • Product categories
  • Supplier management
  • Quotations, purchases, sales service invoicing. 
  • Expenses management system
  • Payment control system
  • Human resource management system
  • Multi-language support system
  • Chart of accounts 

#14  Tradegecko

It is a cloud-based ERP software. Tradegecko is designed to make business operations more convenient.

Your essential business activities, like purchasing and sales, stock management, and critical business applications, can be controlled by only one platform. 

It offers a B2B eCommerce portal. This ERP software is the best for the eCommerce business. It also contains demand forecasting, customer relationship management.

Features

  • Accounting
  • Manufacturing
  • Backordering
  • Batch and expiry tracking
  • Customer relationship management system
  • Inventory control and optimization
  • Order management
  • Multichannel sales
  • Sales reports
  • Inventory reports
  • Price listing 
  • Warehouse management system

#15 Facteezo - Complete ERP Business Solution

Facteezo ERP

Facteezo is designed by CodeIgniter or PHP, which is an elegant and comprehensive ERP solution for company, factory, and shop management systems.

The experienced developer designs this ERP software by considering different aspects of business operations. Besides, it offers accounts, manufacturing, stock, purchase, sales, costs, production, and real-time reports to the business owners. 

However, Facteezo is one of the most dynamic business solutions that helps the business organization handle and maintain business activities more conveniently. 

Features

  • Product management system
  • Accounts management system
  • Warehouse management system
  • Purchase management system
  • Sales management system
  • Employees maintenance system
  • Supply chain control
  • Reporting sales graphs and charts

#16 Odoo

odoo

Odoo is an open-source ERP software. It is a popular and useful ERP tool that offers a complete business solution. 

It is highly customizable and more convenient to use. The time management system of this ERP software is improved. 

You can integrate various third-party apps with Odoo ERP software. On the other hand, the depth analytics system is not well developed in this system.

A dedicated IT team is required to handle its functions, which is a drawback of Odoo ERP software.

Features

  • CRM
  • Human resource management system 
  • Accounting system
  • Document management system
  • Inventory management system 
  • Invoicing system
  • Project management 
  • POS system
  • Sales and marketing automation  system

#17 ERPNext

ERPNext

ERPNext is the best open source business platform. It is available in both on-premise and cloud-based options.

This software has high configurability, short time set-up time. Besides, it is active, vibrant, and fast. ERPNext software is easy to use, and the installation process is not complicated. 

On the contrary, the cons of the ERPNext software is that it doesn’t integrate with its banking software. 

Features

  • HR and payroll management 
  • Customer relationship management system
  • Project management 
  • Stock management 
  • Financial management 
  • Highly customizable 
  • Real-time reporting system

#18 Bitrix24

Bitrix24

Bitrix24 is developed for all sizes of businesses. It helps you to maintain your business operation perfectly. 

It has both a cloud version and an on-premise version. You can easily install this ERP software on your server. 

The modules of Bitrix24 is organized in one place. So one can easily handle the software easily having minimal tech knowledge. But this ERP software is not as much responsive as expected. It takes a long time to respond.

Features

  • Customer relationship management
  • Project management 
  • Document management 
  • Task management 
  • HR management system
  • Employee management 
  • Real-time report system
  • Stock management system

#19 Axelor ERP

Axelor ERP

Axelor ERP is one of the best ERP software. It is a complete ERP system wrapped in a good interface.

It offers you a better experience compared to other software within the price range. Axelor ERP helps you to manage the business operation successfully without facing any severe difficulties.

You can complete any task, just a couple of clicks away.

Features

  • API
  • Active dashboard
  • Billing and invoicing system
  • Data export and import system
  • Inventory management
  • Document management 
  • Automatic notifications
  • Real-time data and reporting 
  • Workflow management 

#20 ADempiere

Axelor ERP

This ERP software is best for small and medium-sized businesses. In 2006, ADempiere was designed.

It has multidimensional ERP features that help the business to get satisfied by fulfilling several needs.

The user interface of this software is good, and the software is a cloud-based solution. It is accessible on Windows, mobiles, tablets, Linux, and Unix. 

Features

  • Supply chain management system
  • Customer relationship management system
  • Sales management 
  • Purchase management
  • Inventory management 
  • Point of sale system
  • HR and payroll
  • Budgeting and costing information
  • Real-time data analytics

Recommendation

There is several ERP software in the marketplace. Choosing one of the best is not easy. 

How can you identify the best ERP software? In this case, you must have a better knowledge of ERP software.

Firstly, consider your requirements according to your business size. Some ERP software is suitable for small businesses, and some are appropriate for medium and large enterprises. 

For instance, Sales ERP software is designed for all types of businesses. On the other hand, Facteezo is best for large-sized business. 

Secondly, you have to consider the industry. Some ERPs are developed for a specific industry. For example, BatchMaster ERP software is suitable for the process manufacturing industry. 

Lastly, you should go for the desired one, which contains essential features to maintain your business operations. Your demands are the first and foremost priority in this regard. 

Some ERP software is customizable that offers you a good interface. Besides, you must consider the types of ERP software, including open-source or cloud-based.

If you go for the cloud-based ERP system, you have to pay an amount every month as a subscription system.

On the contrary, you will get a complete package through one-time payment if you choose the open source ERP system. 

However, here top 20 best ERP software for small businesses are provided. You can choose any of them which is suitable for your business. But the desired features must be available in the ERP software, which helps you to develop your business. 

Wrapping Up

Business management is a complicated task, as several departments conduct particular operations. The owner of the business needs to maintain overall activities.

In this regard, ERP software is the only solution that helps to simplify business operations. Your business resource utilization can assure your long term success. ERP software for small businesses is a complete business solution. 

The Sales ERP software is the best ERP software for small business, medium, and large enterprises. 

Although you have already got complete information about other best ERP software, you should precisely choose what you need. 

Would you like to read: 10 Inevitable Steps to Shape your eCommerce Business plan