Top 5 ERP Vendors in 2024

Are you interested in the top ERP vendors for 2024?

Businesses have relied on traditional ERP software for a very long time to ensure dependability and reliability. 

However, the current market’s demands for agility and flexibility are making these businesses turn to more accessible and interoperable cloud-based enterprise resource planning software.

Modern ERP vendors offer advanced data analytics and automation capabilities that businesses, from large enterprises to small companies, cannot afford to pass up if they aim to stay relevant and competitive in the marketplace.

These ERP software solutions are a suite of business applications that integrate business processes into a single platform, streamlining core business processes and offering better visibility into operations.

Top ERP vendors offer a cohesive solution to manage and organize sales, financials, human resources, warehouses, supply chains, and much more.

Due to the enormous benefits that ERP systems offer, the global market value of ERP software is projected to reach $117.09 billion by 2030 from $43.72 billion in 2020.

We now list down the top ERP vendors available in the ERP software market today. We consider them top choices due to the number of solutions they offer, the industries they target, and their competitive presence in the ERP market.

Top ERP Vendors

The following ERP vendors have embraced cloud technology in addition to offering on-premise IT solutions. 

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They help businesses effectively evaluate their current digital transformation strategies and implement those based on cutting-edge technologies.

Oracle

Oracle offers two ERP products based on cloud-native technology; Oracle NetSuite, acquired from NetSuite in 2016, and Oracle Fusion Cloud ERP solution, built by Oracle from the scratch. 

Oracle NetSuite ERP caters to mid-range businesses, while Oracle ERP Cloud offerings are directed toward large global companies.

Oracle ERP platform is extensively backed by the healthcare industry, especially after Oracle purchased an electronic health record company, Cerner Corp.

Oracle is among the top software companies offering enterprise-level software and technology solutions, including cloud applications, database technologies, project management tools, etc. 

They have built an extensive collection of enterprise management systems for human capital management, customer relationship management, supply chain management, asset management, etc.

Businesses integrate these systems into their business operations and organize a range of business activities like financial management, procurement, risk management, inventory management, human resource management, project management, etc.

Oracle ERP applications are based on the latest technologies of machine learning and IoT. They offer advanced data analytics and reporting capabilities for better visibility into business processes. 

This enhanced visibility and control over the business functions lead to better employee productivity, effective future decision-making, and increased business profitability.

Oracle offers comprehensive documentation on NetSuite and Cloud ERP.

Microsoft

Microsoft is a leading name in the ERP industry. Microsft offers on-premises and on-cloud ERP applications to small and medium-sized businesses. 

Microsoft Dynamics product offerings help businesses integrate their financial, supply chain, human resources, and other core business activities into a single consolidated application.

Microsft Dynamics 365 is a cloud-based ERP solution consisting of intelligent business applications that add agility and flexibility to sales, accounting, marketing, commerce, etc. 

In recent years, businesses have greatly invested in business applications that help foster close remote collaborations, professional services automation, and enterprise resource management activities. According to reports, the revenue by Microsft Dynamics 365 increased by 45% in 2022.

Businesses enjoy the added advantage of expanding their capabilities and integrating Microsoft Dynamics 365 with other Microsoft software services like Office 365.

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The complete business application suite by Microsft enables better resource planning and management, business intelligence, data visualization, and team collaboration.

Read more on Microsft Dynamics 365 business central and other ERP products on their website.

SAP

SAP offered its first ERP software in 1972 and since has been a leading name in the list of top ERP vendors. 

SAP business offers multiple ERP products suited for large to small enterprises. The offerings include both on-premises and on-cloud products. SAP, today, caters to its customers in more than 180 countries.

SAP also offers small and medium-sized enterprises an opportunity to work with their local partners that better understand regional business needs and regulatory requirements. Over 21,000 partners help businesses with the implementation, support, and maintenance of scalable ERP solutions

SAP ERP products include the following: 

• SAP Business One: It is a consolidated application to manage finance, supply chain, production, project, etc. 
• SAP ERP: It is an on-premise system for large enterprises in over 25 industries. It helps manage operations in manufacturing, procurement, human resources, sales, etc.
• SAP S/4HANA: It is an intelligent ERP system that is deployable on-premises and on the cloud. It runs on an in-memory database that offers advanced data processing and analytics capabilities, on top of a personalized user experience.

SAP offers a detailed description of its ERP systems, including SAP Business ByDesign on its website.

Sage

This ERP vendor is considered more focused on small to medium businesses, carving a low-cost and high-value market share. 

According to Steve Hare, CEO of Sage, “Having re-shaped and invested significantly in the group over the last three years, we are now focused on growing the business in absolute terms, both organically and through acquisitions.”

Sage is often considered an alternative to leading market names like SAP and Oracle. In recent years, Sage is offering multiple products for larger enterprises too, especially after they acquired Sage Intacct in 2017.

 Sage provides a strong financial and accounting system to help manage manufacturing, inventory, and supply chain activities.

The customizable ERP solutions are helping businesses streamline and organize their operations in a range of industries, including construction, manufacturing, professional services, food, and beverage, etc.

• Sage Intacct is a web-based accounting and financial management software that helps automate business processes and provides advanced data analysis.
• Sage 100 is an innovative ERP software solution with a low-cost and user-friendly interface for growing businesses. It offers various modules for managing sales, financials, customer relations, accounts payable, etc.
• Sage 300 is another business management offering for small to medium-sized businesses. It offers functionalities for accounting, services, purchasing, inventory management, etc.

Read more about Sage business cloud and other ERP products here on their website.

Epicor

Epicor has been in the market for more than 25 years. It made it to the list of the top ERP vendors in the early 2000s after multiple acquisitions. 

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Initially, Epicor was focused on service, manufacturing, and distribution businesses via a financial and accounting management system. 

Today, Epicor is actively implementing the latest technologies including machine learning, big data analytics, mobile technology, and IoT into its ERP solutions providing advanced management and business intelligence capabilities.

Epicor currently offers the following ERP solutions to its users:

• Epicor ERP: It is a global enterprise resource planning solution helping businesses manage shop floor operations, procurement of raw materials, supply chain management, etc. It offers real-time data analytics features, eliminating waste and increasing efficiency.
• Epicor Prophet 21: It is a cloud-based ERP solution helping distributors efficiently manage their supply chain, including warehouse management and product deliveries through actionable insights into the business processes, increasing operational efficiency.
• Epicor Eclipse: It is a leading ERP solution for the electrical, HVAC, plumbing, and PVF markets. It helps reduce sales cycles, administrative costs, etc. while increasing customer satisfaction through advanced data analytics, e-commerce, and process management options.

Gartner Magic Quadrant declared Epicor a visionary among ERP vendors. Read more on Epicor ERP systems here on their website.

Final Thoughts on Partnering with ERP Vendors

ERP systems help businesses streamline their business resources while providing them significant control over enterprise operations. The resulting management system is more flexible, scalable, and agile. 

If you, as a business executive or a CTO, are looking for the best ERP vendor to partner with for your business operations, we would advise you to seek help from experienced professionals.

If you do not have ERP experts on your team, look for an expert software development company that has developed, configured, and deployed ERP solutions in competitive markets.

DevTeam.Space can help you here via its field-expert community of software developers and managers. These dev teams have built a range of software solutions using cutting-edge technologies, including ERP software. Read our guide on the development of a manufacturing ERP system as an example.

Our expert developers can help you choose the best ERP software available in the market that suits your business goals. Moreover, they can help with necessary feature development and customizations to align the ERP system with your business requirements.

You can write to us your initial project specifications via this quick form. One of our account managers will get back to you to discuss in detail how we can help you.

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