Top 10 SAP ERP Alternatives
Gain insights on the SAP ERP alternatives, compare different solutions and competencies such as evaluation, deployment, support and specific product capabilities.
SAP ERP Alternative Explained:
ERP is an advanced technology used by businesses globally. According to Precedence Research, projections indicate a substantial growth trajectory, with an estimated value of approximately USD 96.85 billion expected by 2032. SAP is among the best and most widely used enterprise resource planning software. If you are considering an SAP alternative, cloud users of product-centric ERP software must consider the purchasing options discussed below. Purchasing an ERP software is a crucial decision for business owners. Different factors to consider before purchasing an ERP include evaluation and contracting, integration and deployment, service and support, and precise product capabilities. In this post, let us look at top SAP ERP competitors.
Why Look for SAP ERP Alternatives?
There are numerous reasons why organisations are looking for SAP alternatives. The first factor organisations consider is the cost aspect which plays a pivotal role. SAP implementation and maintenance can be resource-intensive. Costs associated with SAP such as licensing fees, customization expenses and ongoing support costs can be substantial. So, organisations are seeking alternatives to find more cost-effective solutions. They are looking for a solution that aligns with their budget and meets all the business requirements.
Other significant factors to consider are flexibility and agility. Sometimes, businesses consider SAP’s rigid structure and complexity challenging when it comes to rapid adjustments to processes or workflows. Finally, the need to explore SAP alternatives stems from cost aspects and adaptability factors. SAP alternative provides more streamlined and agile platforms that can be customized and implemented more rapidly, providing organizations with the ability to respond promptly to evolving market dynamics. In this piece of content, let us look at SAP competitors in detail.
Exploring the Top 7 SAP ERP Alternatives
ERP systems are increasing in the market, hence, finding the right solution can be challenging. Check out the alternatives and find the best solution for your organisation.
1. Sage X3
Sage X3 is a leading and trusted software by many industries across the globe. It is a comprehensive solution to stay agile, flexible, efficient, and profitable in the ever-evolving market conditions. This technology is loaded with features and functionalities which simplify your organisational functions and help you to take complete control of your business. In addition, it offers distinct functions including accounting, finances and general business operations. This is the best option for organisations that want to embrace innovation and reshape their future.
Key Features
- Intuitive and easy to manage
- Real-time analytics for insightful decision-making
- Multi-language, multi-currency
- Multiple add-ons available
- Flexible, agile and scalable
- Web-based and mobile-friendly
- Constant monitoring of stocks
- Lot/serial number tracking
Best Fit For
Sage X3 provides outstanding service to small, mid-sized and large organisations operating in the manufacturing, chemical, automotive, furniture, defence, medical, engineering, packaging, and other industries.
2. Sage Intacct
Another SAP alternative is Sage Intacct, the best financial management solution. It is the next-gen cloud-based accounting software designed to streamline and automate various business processes. All the key accounting processes such as inventory management, multi-entity consolidation, project accounting and revenue recognition. It has advanced capabilities to manage general ledger, AP automation, accounts receivable, and cash management.
Key Features
- Advanced reporting capabilities
- Efficient planning and budgeting
- Automated revenue and billing process
- AI-powered General Ledger
- Eases data sharing
Best Fit For
Sage Intacct is best for high-growth small and mid-sized businesses such as construction companies, wholesale distributors, and real estate businesses.
3. Oracle
The next best SAP ERP alternative is Oracle Fusion Cloud ERP, powered by Oracle. It is a comprehensive suite of powerful functionalities such as finance, human resources, supply chain management, and customer experience. It provides a modern and integrated platform to streamline distinct business operations, improve decision-making and adapt to evolving market trends. It is designed to provide a user-friendly interface and efficient integration capabilities to make it adaptable to cloud-based ERP software.
Key Features
- Real-time analytics
- Intelligent automation
- Achieve greater agility
- Seamless integration
- AI and machine learning
Best Fit For
Oracle Fusion cloud ERP is suitable for distinct companies including large enterprises, global operations, growing businesses, businesses which require customization, etc.
4. Microsoft Dynamics 365
Among the SAP competitors, Microsoft Dynamics 365 is a modular cloud-based solution which integrates customer relationship management and ERP capabilities. Hence, ERP applications include sales, marketing, finance, operations, and customer service. It is designed to deliver best-in-class operational efficiency and superior customer experiences which helps businesses to stay more agile. In addition, this advanced solution lowers the complexity and minimises the costs.
Key Features
- Integrated CRM-ERP functionalities
- Real-time marketing functionalities
- Easy third-party integration
- Robust data security
- Seamless integration with the processes
Best Fit For
Commercial businesses with product or service portfolios can implement this system for their organisation. Some industries using Microsoft Dynamics 365 include education, automotive, financial services, government, healthcare etc.
5. Infor
Infor ERP is also another SAP alternative designed for seamlessly managing accounting and financials, supply chain and business processes in all functional areas. This technology provides real-time business intelligence where they leverage AI(artificial intelligence and ML(Machine Learning). This software can be adapted by a wide range of industries. It is built on the Amazon Web Services (AWS) cloud platform, however offers on-premise solutions too.
Key Features
- Gain industry-specific versions
- Infor Coleman AI platform leveraging AI and ML technology
- IoT in Infor works with Birst, EAM, in combination with Infor ERP
- Easy integration with Infor Configure Price Quote (CPQ)
- Integrates with inventory and accounts payable
Best Fit For
Infor ERP works best for computer software and IT services, aerospace and defence, electronics, industrial machinery & equipment, healthcare, automotive, manufacturing, distribution, retail, service industries, banks and financial services, food and beverage, hotels and resorts, casinos and gaming, fashion, energy (oil & gas and utilities) and conglomerates.
6. Epicor
Epicor ERP currently known as Epicor Kinetic is one of the SAP ERP competitors. This software is designed to tackle all the challenges of corporate and operational growth. It is a robust solution which integrates all the businesses’ internal systems enables the users to access critical KPIs and product profitability monitoring and provides visibility from operations to customer satisfaction. In addition, this advanced system aids you in making informed decisions with predictive analytics to impact change.
Key Features
- Seamless supply chain management tools
- Precise planning and scheduling
- Taxes, accounts and financial planning
- Field services, contracts and maintenance services
- Multi-site and multi-nationality functionalities
Best Fit For
Epicor Kinetic is best suitable for manufacturing, retail, and service industries.
7. Acumatica
Acumatica is also one of the crucial SAP ERP alternatives. It is a SaaS, cloud-based and modular solution for the organisation. It is designed to handle all the processes of the business efficiently. This software enables companies to have the option to choose between payment based on usage or transaction tiers with unrestricted user access, or they can opt for a pricing model based on the number of users. Plus, the software offers industry-specific and company-size Editions, which also includes a General Business Edition.
Key Features
- Modular architecture
- Powerful APIs for faster integration
- AI-enabled and future-proof
- Automated inventory management
- Flexible general ledger
Best Fit For
Acumatica can be applied in industries such as Manufacturing, Distribution, Construction, Commerce, Field Service, and General Business.
8. SysPro
SysPro ERP solution is one of the popular SAP competitors which encompasses financial management, warehouse management, inventory management system, supply chain management and business operations. This software can be customized based on your business requirements. It offers API access to the software and allows third-party integration with the core Syspro solution. In addition, Syspro is available in the cloud as well as on-premise solutions. This software can be accessed on an internet browser via any device.
Key Features
- Multiple stock costing methods (LIFO, FIFO, standard, average) per warehouse.
- General ledger cost analysis
- Trade promotions and LOT traceability
- Valuable business insights
- Executive dashboards
Best Fit For
SysPro is best suited for manufacturing and distribution sub-industries. This ERP gives special emphasis to production planning and quality processes.
9. Odoo
Other SAP ERP competitors include Odoo ERP, a comprehensive solution for business applications such as Purchase, Inventory, CRM, Sales, project management, warehouse management, financial accounting management, and Human resources, Leave management, Time management, and Payroll. This software is highly extendable and is capable of adding n number of modules and functionalities.
Key Features
- Fully integrated software
- Manages multi-companies, multi-warehouses, multi-websites, multi-eCommerce and accounting.
- Individualized adaptations or solutions if required
- AI integration with business processes
- Integrated bar- and QR-code-scanner
Best Fit For
This software is the best fit for small and medium-sized companies. Odoo is majorly a retail management ERP. In addition, construction, healthcare, manufacturing, real estate, logistics, supply chain, eCommerce, and more.
10. Orion ERP
Orion ERP is also one of the SAP competitors designed to empower and optimise businesses. This software specializes in processes such as HR management, inventory management, order management, purchase order management, and supply chain management. This SAP alternative offers workflow, authorization, matrix, and dashboards. CRM, Distribution management, reporting/analytics are some of the advanced functionalities of this system.
Key Features
- Seamless financial and accounting system
- Online payment processing
- Multi-user and cloud-enabled for financial and business process management
- Billing, Accounts Receivable automation, Accounts Payable, AP Imaging, General Ledger, and Trust Accounting
- Audit trail and budgeting
Best Fit For
This SAP competitor is best suitable for growing and mid-sized companies.
Why is Sage X3 the Best SAP Alternative?
Alternatives to SAP ERP are numerous, however Sage X3 stands on top for all the benefits it offers the business. It has significant modules such as supply chain management, financial management, inventory management, human resources, procurement and many more which help organisations to achieve growth rapidly. In addition, Sage X3 is an intuitive and innovative solution for businesses to stay competitive and relevant. This proficient solution can be easily integrated into the business processes.
You can choose Sage X3 for ease of use and the vendor provides excellent training to the users. In addition, this system is user-friendly, faster implementation and an innovative solution for all types of industries including manufacturing, chemical, automotive, furniture, defence, medical, engineering, packaging etc. It is a futuristic technology and a perfect fit for businesses dealing with challenges.
Frequently Asked Questions
Why Are Companies Investing in ERPs?
Companies invest in ERP for numerous reasons the first being the tendency to improve operations. ERP has a centralised database where all the processes are integrated and streamlined. Its capabilities help the business to stay agile, flexible and adaptable to changing market conditions. In addition, this technology helps businesses to accurately allocate resources, reduce wattage and lower costs.
How Much Does an ERP Cost?
There are many factors impacting the cost of ERP. It depends on the size of the organisation, the complexity of the business and the customisation needs. The cost encompasses software licenses, customization, hardware infrastructure, and ongoing maintenance. Plus, the implementation upfront costs are always higher. However, in the long run, it is beneficial for the business to achieve higher ROI.
What Are Some Best Practices During ERP Implementation?
There are several factors involving effective ERP implementation. It includes planning, engaging stakeholders and forming a skilled implementation team. Clearly define objectives, prioritise data accuracy and prepare the precise alignment of all the processes with the ERP. Effective communication and training are crucial for successful implementation.
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