“1. As a small company in the USA has 10 to 100 employees, and a medium-sized company has 100 to 500 employees, it is not easy to find ERP software that fits both categories.
The ERP software that is suitable for a company with 50 employees, will most probably not be taken into use in a company with 300 employees.
The difference lies in the needed functionality for planning and forecasting, in HR management, etc.
2. However, there are several common important factors that should be taken into consideration when choosing an ERP for small and medium enterprises.
Number one is definitely the platform. A modern ERP system should be cloud-based. It is not so critically important if it is a public or a private cloud.
Oracle NetSuite and Oracle Cloud ERP. Both systems are good for a midsize company, with Oracle Cloud ERP having a slight skew toward larger enterprises.
3. The choice of ERP should also depend on the company’s industry.
An ERP made for the professional services industry would have excellent accounting and team management functionality, but it would be pretty much useless for a manufacturer that needs solid production planning, procurement, inventory management, and dozens more industry-specific capabilities on top of the aforementioned features.
Service, manufacturing, retail, construction, education, healthcare – all these industries have a different basic set of requirements an ERP must meet.
Here are our ERP recommendations for SMBs in different industries:
Retail: Erply, Reval, Vend.
Wholesale and distribution: MRPeasy, Oracle NetSuite, Unleashed.
Services: Acumatica, Oracle NetSuite, Scoro.
Manufacturing: MRPeasy, Plex, SAP Business One.
In any case, testing is key to picking the right one. Fortunately most software providers offer free trials.”
-MadisKuuse, Content Specialist at mrpeasy