8 ERP System Examples (2023)

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Of the various systems available, enterprise resource planning (ERP) systems are perhaps the most broadly applicable across the many parts of a company. These stand to improve productivity, organization and efficiency for all sorts of businesses. Read ahead to learn more about ERP software and to see current examples of these powerful systems.

What Is an ERP System?

ERP stands for “enterprise resource planning” and describes the process of analyzing business functions for increased efficiency and productivity. Companies have long sought to streamline business processes through the consolidation of internal data, but early versions of ERP were “siloed” systems that worked only for one department or component of a business. While still commonly encountered today, these don’t tend to integrate easily with other software within the same company, nor do they provide a good platform for new management technology to be built in.

More recently, the use of centralized software in the workplace has revolutionized the way these goals are carried out by integrating once-separate systems. As much as ever, ERP remains a data-driven approach to consolidating and improving business functions. Modern systems, however, afford a greater degree of simplicity, organization and automation to the employees and business leaders responsible for day-to-day operations.

What Is ERP Software?

At the core of any ERP system is a central database that’s shared by the many disparate elements of a company. Rather than having separate data collection and management programs for each department—one for sales, one for inventory management, another for production, and so on—an ERP system provides a single hub for it all.

Not only does this mean that data can be more easily accessed, it also consolidates where new data is stored. This creates one “true” source of information for the whole enterprise. This type of system clearly improves experiences for humans, but the nature of ERP systems also makes them friendly to new software that a company may want to implement in the future.

Who Uses ERP Systems?

ERP systems are not just for massive companies—though they have become particularly essential to large, sprawling organizations. Small businesses, including independent retailers and services, may also find this type of software to provide valuable support.

ERP systems can be used by any business that strives for accurate data collection, including all businesses that wish to track categories such as sales, inventory or finances. ERP is especially popular in manufacturing and production-based fields but is now used in areas as wide-ranging as healthcare, e-commerce and nonprofit work.

How ERP Systems Work

With a consolidated database as its foundation, ERP systems can be built out to accomplish a seemingly limitless variety of management and tracking functions. Doing so still requires technical know-how from a third-party ERP system provider or experienced internal staff, but it’s much, much easier for the company at large than the siloed management software systems of the past.

Employees usually interact with an ERP system through a centralized dashboard connected to the core database. This puts access to real-time information from various parts of the company at employee fingertips any time it’s needed. ERP systems may operate and store information on-site or, increasingly, in the cloud.

(Video) 3 ERP System Examples and Categories

Benefits of an ERP System

Increased Efficiency and Automation

ERP systems are a boon for business efficiency on several fronts. For one, the ease of navigating a centrally organized system means access to information is that much simpler. There’s no need to toggle between different programs that each operate in a unique way and no need for the painstaking reformatting of data for it to be transferable among operations.

On another front, ERP systems are designed to support automation functions wherever possible, meaning that once-laborious undertakings such as performing reporting tasks and analytics can be completed with a few clicks. A wide variety of business operations are made more efficient by the increased flexibility in applying computing power to all corners of a company. Needless to say, these increases in efficiency can translate directly into reduced operational costs.

Increased Accuracy

Hand in hand with the enhanced organization of an ERP system is the improved accuracy in data management it brings to the table. Consolidating all data management under the purview of a single system reduces the risk of human and technological errors, minimizing discrepancies in cross-departmental reporting. While this may seem like a simple step, it can be impactful in avoiding costly mistakes and even costlier troubleshooting.

Reduction of Duplicates

One area in which ERP systems particularly excel is detecting duplicate items of many sorts, which similarly reduces the opportunities for things to go wrong. Naturally, this applies to duplicates within a single department, such as duplicate communication channels to the same client within a sales team or duplicate payments to suppliers. But importantly, ERP systems also eliminate the need for duplicate sources of the same information to be managed in different silos. There’s no risk of conflicting information when one data set has been updated more recently than another, for example, or when data categorization is performed differently by separate departments.

Better Interdepartmental Collaboration

ERP provides a software infrastructure to link disparate elements of a company, but perhaps less appreciated is the connection this facilitates among a company’s various human components. Because departments share similar interfaces when interacting with an ERP system and can see each other’s data, one group never has to be totally in the dark about what’s going on with another side of the company. When managers from a sales department and a marketing department, for example, can observe the same figures and trends, opportunities are enhanced for collaboration and cross-departmental workflow optimization.

Improved Data Security

ERP systems’ broad access and high degree of information-sharing may raise valid questions about system security. (Intuitively, the separately accessed and redundant information storage systems of a siloed approach appear less vulnerable to malicious activity or other security risks.) With ERP systems, the opposite is often true—due in part to the lengths developers go to when building in security measures.

(Video) #8 The basic functions of an ERP system

Firewalls and other restrictions keep sensitive information and vulnerable points of access limited to the right people, though they’re applied in such a way that information still flows freely when it needs to. When unauthorized activity is detected, all necessary parties across a company can know right away, rather than a red flag reaching only the department or area where the breach originated.

Easier Regulatory Compliance

Regulatory compliance can be a major headache for businesses across many different industries. Not only is a company responsible for making sure all its various components are in compliance, it may also have to track compliance measures and report proof of adherence. ERP systems can help by automating internal compliance-monitoring tasks and reporting compliance status in real time with a high degree of accuracy.

ERP systems also make it easier to implement changes when new regulations or reporting burdens arise. The customizable nature affords a company great flexibility in this regard as industry standards evolve. Additionally, when new regulations change some aspect of business procedures, a company using an ERP system only has one body of software to adapt. This is contrasted with having to address a variety of unique systems scattered throughout a company.

Better Integration With New Software

One of the best qualities of an ERP system is that it’s designed to be built upon. Older styles of business management software are often built for one specific purpose and no other. These are likely to have a low degree of compatibility with other software tools that perform mostly unrelated functions.

By contrast, an ERP system provides the foundation for a variety of other types of software, including third-party applications. An ERP system doesn’t only solve the compatibility issue—it also supports and enhances new systems with its core database. What’s more, it can provide a framework for expanding access to the new software across a company. ERP systems are commonly integrated with material resource planning (MRP) systems, point-of-sale (POS) systems, supply chain management (SCM) systems and customer relationship management (CRM) systems, to name just a few examples.

Featured Partners

Popular ERP Systems

1. Microsoft Dynamics 365

Microsoft’s suite of Dynamics 365 software offers a variety of ERP options geared toward a broad range of business areas. The software is notable for its use of AI to provide insight into optimizing business operations. Microsoft bills its ERP systems as an excellent option for businesses that currently lack modern ERP software and still need to “break down” a siloed approach.

Dynamics 365 integrates seamlessly with LinkedIn Sales Navigator, a major plus for businesses already accustomed to this service, as they can continue using it without the need to implement a separate ERP tool. As part of its Dynamics line, Microsoft also offers CRM software that effortlessly integrates with its broader ERP systems. These features make Dynamics 365 a worthy consideration for businesses that interact heavily with customers and place a high value on solidifying customer relationships.

2. SYSPRO ERP

This ERP system is a popular choice for the manufacturing industry, as it’s noted particularly for its warehouse and inventory management capabilities. It’s well suited for the heavy demands of working with lots of other automated systems in production areas. SYSPRO boasts decades of industry experience, significant international reach and a 98% customer retention rate.

SYSPRO ERP stands out with a couple of interesting features: one is its “smart manufacturing” program, which relies on web-connected “smart platforms” that enhance software automation specifically in a factory setting. Another is its use of bots, or what it apparently unironically calls “digital citizens,” to help automate a company’s systems with minimal disruption to existing work patterns.

(Video) What is ERP software

3. Odoo

Businesses of any size that deal heavily in sales and customer interactions might want to consider Odoo. Similar to Microsoft’s Dynamic 365 systems, Odoo offers a built-in CRM system, meaning its customers can look no further for third-party CRM software once using Odoo. The system also features POS and e-commerce tools that translate to effortless software integrations for retailers and vendors.

Odoo’s software relies on an open source model, affording its suite of applications a high degree of compatibility and ensuring easy integrations. This means developments from third-party sources can always reach their maximum potential within the Odoo environment.

4. Oracle NetSuite ERP

This industry-leading ERP system bills itself as the world’s “most trusted” cloud-based ERP software. NetSuite may be able to claim the title of the most deployed cloud ERP solution with over 32,000 companies as customers. NetSuite has built up as much direct experience with cloud-based ERP software as any developer out there, with roots in some of the earliest examples of cloud applications and ERP systems.

Now owned by Oracle, the company has retained its industry leader status and solidified its popularity through generalization. Its software products satisfy virtually every ERP need for companies in all sorts of industries. NetSuite ERP uses the model of a basic, core platform (covered by an annual licensing fee) with optional add-on modules. While the suite as a whole aims to provide an all-in-one solution, the à la carte options mean users are still paying only for the tools they need.

5. Brahmin Solutions

ERP software from Brahmin Solutions excels at large-scale, real-time inventory management, making it a worthwhile consideration for bigger retailers, wholesalers and distributors. Users rely on its ability to gracefully integrate the management of a distribution system with multiple sales channels and warehouses.

Brahmin Solutions is notable for integrating an expiration date tracking function designed for businesses handling perishable goods and other time-sensitive materials. This not only lets users track impending deadlines but also provides support for strategizing when to move what for maximum profit. The software is also noted for its thoughtful and comprehensive reporting systems.

6. SAP Business ByDesign

This cloud-based ERP system from SAP SE is designed with small to medium-sized companies and subsidiary businesses in mind. Business ByDesign’s popularity in this area is backed up by the fact that it’s deployed in nearly 150 countries. As a result, it’s grown to incorporate 11 other languages beyond English, making it a fitting choice for companies with international operations.

SAP’s Business ByDesign software does it all, with tools in areas as varied as grant management, supplier relationship management and executive support. A set of “prepackaged integrations” makes third-party applications exceptionally easy to build in.

7. Acumatica Cloud ERP

Acumatica’s Cloud ERP software brings an accounting-focused ERP solution to companies in search of powerful finance management tools. While it offers solutions for a variety of ERP needs, it’s particularly strong in its general ledger accounting and inventory management functions.

Along with a number of the examples listed here, the product is a software-as-a-service application licensed on a subscription basis and can be deployed both on-premises or via the cloud. The company’s unusual pricing structure makes estimating the applicable licensing costs more difficult than is the case with many of its peers.

8. Epicor ERP Systems

Epicor scraps the one-size-fits-all theory for EPR solutions, eschewing the popular model that builds optional add-ons atop a single generic base system. Instead, the company has a menu of distinct, hyper-specific ERP systems that each offer a tailor-fit solution to the ERP needs of a single industry. The company makes a point of addressing the needs of small, midsized and global businesses alike.

(Video) Implementing a New ERP System

Examples of Epicor’s industry-tailored offerings include Epicor BisTrack for building materials businesses, Epicor Eagle for independent retailers, Epicor Kinetic for manufacturers and Epicor Eclipse for electrical, HVAC, plumbing and PVF businesses. Also offered are the aptly named Epicor LumberTrack, Epicor CMS Automotive and Epicor Decor Fusion (for paint and decor retailers), among other options.

Bottom Line

Our brief list of ERP system examples aims to show the variety of products and service models available in 2023. That said, we’ve barely scratched the surface. Many other options come in a variety of shapes and sizes, ensuring virtually any business can find the right fit. With all the possibilities, it’s a rare company that won’t stand to benefit from an ERP system.

Frequently Asked Questions (FAQs Dropdown)

Are ERP systems for small businesses?

Definitely. While business management only increases in complexity as a company grows, many smaller businesses still find ERP software to be essential in 2023. Even local, mom-and-pop businesses still juggle a variety of business elements such as accounting, inventory management, payroll and sales. Of any type of business, small ones likely have the least bandwidth to devote to analyzing and optimizing these various elements, making them a good candidate for an ERP system.

Why are ERP systems important?

ERP systems serve as “air traffic control” for business management, centralizing the data and analytics that power a successful, modern enterprise. Without an ERP system, departments within a company tend to build up separate data management structures and software systems, each one addressing a different facet of business operations in what’s called a “siloed” or “unintegrated” approach. Alternatively, ERP systems provide a consolidated, streamlined platform through which all parts of a company can easily share information and develop company-wide solutions.

(Video) SAP Tutorial for beginners - SAP ERP

How do I compare ERP systems?

Prospective ERP system users must first decide if they want on-site or cloud-based software. There are also several different product structures to compare: a one-size-fits-all suite offering the broadest array of tools, a generic base system with à la carte add-ons or an industry-specific system designed around particular anticipated needs. Before looking for a price tag, compare pricing structures; ERP systems may be treated as a renewable subscription service, a perpetually licensed software product or a one-time, pay-upfront installation. Often overlooked, the size and nature of the software provider itself can inform what the system implementation process will be like and what further support will be provided.

FAQs

What is ERP with example? ›

Definition of enterprise resource planning (ERP)

Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

What ERP system does Starbucks use? ›

Starbucks uses an Oracle ERP system to automate administrative functions and everyday business processes, including supply chains, finance, procurement, and project management. The platform delivers real-time information, such as: Operational reports. Sales and revenue data.

What are the 3 common types of ERP? ›

There are three main types of ERP systems that function with different deployment model options. The most common types of ERP systems include cloud ERP, on-premise ERP, and hybrid ERP.

What is the most common ERP system? ›

SAP solutions are the most widely used ERPs, and it enjoys a large chunk of the market share. SAP S/4HANA is SAP's ERP business suite for large-sized companies. SAP S/4HANA has rich real-time data analysis capability and can be deployed in on-premises, cloud, or hybrid.

Is Microsoft an ERP system? ›

Microsoft is one of the world's leading providers of enterprise resource planning (ERP) software, thanks to its Dynamics 365 ERP. The platform has hundreds of thousands of customers, millions of users, and of course, the financial backing of the largest software company in the world.

Is SAP an example of ERP system? ›

SAP S/4HANA Cloud is a future-ready enterprise resource planning (ERP) system with built-in intelligent technologies, including AI, machine learning, and advanced analytics.

What ERP does Walmart use? ›

(NYSE: WMT) will enhance its financial information systems using SAP. Wal-Mart chose SAP® ERP Financials for its ability to support the retailer's global expansion and its need to efficiently respond to changes in the business and regulatory landscape.

What ERP does Amazon use? ›

What ERP System Does Amazon Use? Amazon has been using SAP as its ERP system for its business processes. While the detailed SAP modules implemented by Amazon can't be predicted, some of the modules that have been implemented by Amazon include; SAP Basis / NetWeaver Administration.

What ERP does chick fil a use? ›

Lead – Oracle Technology is the Technical System Owner of the Oracle ERP system (Finance, EPM, Demand/Supply Planning, Supply Chain, Order Management, Maintenance, Manufacturing) with responsibility for data flows, integrations, configuration and technical support for Chick-fil-A Supply, Bay Center Foods, and Offsite ...

Is QuickBooks an ERP system? ›

QuickBooks is not an ERP because it provides only accounting functions — just one of the components of an ERP system. ERP systems help businesses manage a wide variety of business processes, including sales and marketing, production, inventory management, procurement and more.

Is Excel an ERP? ›

Many manufacturing companies rely on Excel for all sorts of tasks, from scheduling to inventory management to data analysis, because it is readily available, easy to use, and is seen as a cost-effective solution for organizing and planning business operations.

What is considered an ERP system? ›

Definition of enterprise resource planning (ERP)

Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

Where is ERP mostly used? ›

ERPs are used by manufacturing and distribution companies. Instead of using standalone products (which may not properly integrate) in each separate department, ERP systems provide cohesiveness from the beginning to end of all business processes.

Does Google have an ERP system? ›

Our ERP solutions and Apps ensure saving time for important activities/projects in/for your company.

Is Oracle an ERP system? ›

Oracle Fusion Cloud ERP is a complete, modern, cloud ERP suite that provides your teams with advanced capabilities, such as AI to automate the manual processes that slow them down, analytics to react to market shifts in real time, and automatic updates to stay current and gain a competitive advantage.

Is ERP same as Oracle? ›

Oracle ERP Cloud is a Software-as-a-Service platform recognized for its capability to scale with your business as it develops and expands whereas Oracle E-Business Suite is a combined group of applications intended to automate Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) & Supply Chain ...

What is real time example of ERP? ›

Real-time ERP extends to the dock where trucks and trains are delivering or picking up containers. Straddle carriers on the dock move containers to and from the trucks and the quay-side STS cranes. Real-time ERP systems get the ship back underway and making money in the fastest possible time.

Is Salesforce an ERP? ›

Salesforce is not an ERP. Salesforce offers various business solutions, which can be integrated to enhance and support your ERP but it does not provide an ERP product. At the heart of Salesforce is its CRM — Customer 360, which is the world's #1 CRM system.

Who uses ERP systems? ›

ERP is commonly used by companies working within the supply chain to help keep track of all the moving parts of manufacturing and distribution. However, ERP can be utilized by a number of different industries including those in healthcare, nonprofit groups, construction and hospitality.

What ERP does Coca-Cola use? ›

Even better than the iconic cans of sugared water, however, was the presentation by Coca-Cola's executives regarding the global SAP ERP rollout that Coca-Cola has embarked on.

Does Apple use ERP? ›

Apple uses SAP software for their App Store, iTunes, online store, and other online store services.

Does Nike use ERP? ›

One of the most significant technology costs for Nike is its new ERP system, reported to be SAP S/4HANA.

Why SAP is better than Oracle? ›

SAP has better event management, giving you greater insight and supply chain visibility. But Oracle has better APS, allowing you to better track costs and allocate resources more efficiently. Winner: SAP and Oracle are tied for supply chain management capabilities.

Is Microsoft an ERP vendor? ›

1 Microsoft

Microsoft has been a leader in the ERP software market for many years through its Dynamics product offerings. These ERP solutions provided a fully integrated tool for financials, supply chain, operations, reporting, manufacturing, and human resource activities.

Is Microsoft Azure an ERP? ›

Dynamics on Azure. Make smarter decisions, redesign business processes faster, and fuel business growth using the cloud-based enterprise resource planning (ERP) solution built for, and on, Azure—bringing together ERP, business intelligence, infrastructure, compute, and database services.

What ERP does American Express use? ›

Intacct, the best in class cloud ERP system, and American Express have created a seamless integration to help you make vendor payments easily. Working together they offer a cost effective, seamless and secure way to pay your vendors.

What ERP does Nestle use? ›

Nestle S.A., a huge Swiss food-service company with 230,000 employees in 500 facilities throughout 80 countries, has implemented an enterprise resource planning (ERP) system from SAP AG. The browser-based interface connects to mySAP.com to obtain required applications.

What ERP system does Honda use? ›

Honda Motor Adopts Oracle Cloud ERP to Automate and Standardize Indirect Purchasing.

What are the 7 steps for successful ERP implementation? ›

Seven Key ERP Implementation Steps For A Successful Rollout
  • Ensure alignment between executives and staff.
  • Set a schedule.
  • Set expectations with users of the software.
  • Plan, do, check and adjust.
  • Evaluate processes and adopt new best practices.
  • Stay up-to-date on training.
  • Test and validate.
Aug 3, 2022

What are 6 fundamental ERP requirements? ›

What are the 6 Main ERP Components?
  • Human Resources. Managing your employees should always be priority number one. ...
  • Customer Relationship Management. ...
  • Business Intelligence. ...
  • Supply Chain Management. ...
  • Inventory Management System. ...
  • Financial Management.
Mar 28, 2018

What are the 4 major phases of ERP implementation? ›

The six-part ERP implementation phase lifecycle includes discovery and planning, design, development, testing, deployment and support.
...
What Are the Phases of an ERP Implementation Plan?
  • Discovery & Planning. What is the first phase of ERP implementation? ...
  • Design. ...
  • 3. Development. ...
  • Testing. ...
  • Deployment. ...
  • Support & Updates.
Aug 9, 2022

What are the main 3 factors would you set to choose an ERP system? ›

Requirements, resources, industry, and company size are all factors you should include in your ERP selection criteria to find the right software.

What are ERP essentials? ›

The components of an ERP system depend on the organization's needs. However, there are key features that each ERP should include. Generally, packages include finance, human resource, logistics and manufacturing, supply chain management, and customer relationship management.

What are the 3 characteristics of an ERP? ›

The present study outlines what could be considered as an ERP by first determining the essentially required characteristics of such a system: integration, flexibility and transversality. Indicators are then provided in order to operationalise these three characteristics.

Is payroll an ERP? ›

ERP payroll is 100% integrated with accounting and project management with no additional work. Some of the features that make HRMS attractive are already contained in your ERP. Check with your ERP provider and other features might be available for a small cost.

How is ERP different from CRM? ›

While the entire organization will come to rely on both ERP and CRM systems, the fundamental difference between ERP and CRM is that ERP is primarily for financial data and the finance department, while CRM is customer data used by the sales and customer service departments.

Is ERP same as accounting software? ›

Accounting software helps manage and automate a companies' financial activities, and in so doing it can move small companies beyond their initial manual processes and spreadsheets. ERP software offers accounting functionality but also has many other capabilities.

What is ERP a simple explanation? ›

What is ERP? Enterprise resource planning (ERP) is a type of software system that helps organizations automate and manage core business processes for optimal performance.

What is an ERP and how does it work? ›

At its core, ERP is an application that automates business processes and provides insights and internal controls, drawing on a central database that collects inputs from departments including accounting, manufacturing, supply chain management, sales, marketing and human resources (HR).

Is QuickBooks a ERP system? ›

QuickBooks is not an ERP because it provides only accounting functions — just one of the components of an ERP system. ERP systems help businesses manage a wide variety of business processes, including sales and marketing, production, inventory management, procurement and more.

What are the main characteristics of an ERP system? ›

What are the main characteristics of an ERP system?
  • An integrated system. ...
  • The system Operates in (or near) real-time. ...
  • A consistent look and feel across modules. ...
  • Multiple Deployment options.

What is the primary goal of an ERP system? ›

As the name suggests, ERP's primary goal is to manage the various resources within the company to make sure they are being utilized in a cost-effective way.

How to use ERP in company? ›

You install and run an on-premise ERP software system on in-house servers in locations under your control. It offers the control and security of using personal IT infrastructure that connects to your people, systems, and processes. On-premise ERPs are easier to customize and change to your specific business needs.

Which ERP is Microsoft using? ›

SAP is how business gets done at Microsoft. Our SAP environment is critical to our business performance and is integrated into most of our business processes. SAP provides functionality for human resources, finance, supply chain management, commerce, and other enterprise services at Microsoft.

What systems are considered ERP? ›

Definition of enterprise resource planning (ERP)

Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

Is a payroll system an ERP system? ›

The payroll system automated the nuts and bolts of paying your employees their salaries. And ERP systems were a broader umbrella, designed for the overall management of organizational resources, including finance and people but also inventory, and more.

Is Salesforce an ERP system? ›

Salesforce is not an ERP. Salesforce offers various business solutions, which can be integrated to enhance and support your ERP but it does not provide an ERP product. At the heart of Salesforce is its CRM — Customer 360, which is the world's #1 CRM system.

Videos

1. Top ERP Systems for 2022-2023 | Best ERP Software | Independent Ranking of Top ERP Vendors
(Eric Kimberling - Digital Transformation)
2. ERP system walk through - Part 8
(Gerald Chinyama)
3. Top 20 ERP Consultant Interview Questions and Answers for 2023
(ProjectPractical)
4. Top 10 ERP Systems for Small Businesses | Best Accounting and ERP Software for SMBs
(Eric Kimberling - Digital Transformation)
5. How to Choose The Best ERP Software | ERP Software Evaluation and Selection Best Practices
(Eric Kimberling - Digital Transformation)
6. Top 10 ERP Systems for Finance and Accounting [G/L, Reporting, Consolidation, Treasury, etc.]
(Eric Kimberling - Digital Transformation)

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