Many enterprises around the world are now incorporating Enterprise Resource Planning (ERP) solutions into their systems to streamline their day-to-day business processes and customer relations. The increasing uptake of ERP systems has led to a rise in ERP vendors in the market, so it may be difficult to determine which vendor suits your business when searching for ERP software for growing businesses..
You must start by evaluating ERP vendors for growth-focused enterprises to get an idea of what to expect from each of the options available. This article evaluates the current ERP vendors in the market to help you make an informed choice.
What Is an ERP System?
An Enterprise Resource Planning system is a type of program designed to help you manage multiple business operations in your organization. This business integration technology allows you to manage your business processes in real-time, so that you can make critical business decisions without delay. It’s a suite of integrated applications and products designed to make your business operations easier, faster, and more convenient.
An ERP system can be either cloud-based or on-premises. It will continuously update you on the core areas of your business, including accounting, finance, budgeting, inventory, sales, supply chains, and customer relations, helping you stay up-to-date. An ERP system also creates a single point of reference for different departments across your enterprise, allowing different teams and individuals to share and access data from multiple sources without obstacles.
While there are numerous ERP vendors in the market, the two main vendors of this technology are SAP ERP Software and Oracle ERP Software. Although these two options are similar in many ways, they have several differences that you must be aware of when you decide whether to implement a SAP solution or an Oracle ERP system. First, you should compare Oracle ERP Cloud to SAP Cloud ERP before you make a choice–here is a comparison of the two main ERP vendors:
SAP Cloud ERP
SAP Cloud ERP encompasses the cloud-based ERP solutions based on the market-leading SAP Business One, SAP Business ByDesign, and SAP S/4HANA Cloud Public Edition platforms. SAP Cloud ERP solutions are a complete enterprise resource planning (ERP) systems with built-in intelligent technologies, including AI, machine learning, and advanced data analytics.
It also comes with fit-to-standard solutions available from Navigator Business Solutions designed for easy implementation in different industries such as finance, manufacturing, consumer products, supply chain, and professional services. It’s the preferred platform of many small and mid-market businesses, and it’s used by large companies like Amazon, Apple, and Toyota, as well.
SAP is often favored by growing organizations for its deep, industry-specific functionality and modular approach. It is known for its robust capabilities in complex business processes like manufacturing and supply chain management, and its ability to handle global operations with multiple currencies and languages.
Oracle Cloud ERP
Oracle ERP Cloud is a type of software designed by Oracle to help enterprises and organizations manage their daily operations. This suite allows you to streamline your accounting, project management, budgeting, reporting, procurement, risk management, and supply chain management operations.
Compared with SAP Cloud ERP, Oracle's ERP Cloud solution is best suited for larger enterprises in multifaceted industries like chemical, dairy, logistics, pharmaceuticals, jewelry, manufacturing, and packaging. SAP, on the other hand, is best suited for organizations looking for long-term growth.
Learn more about modernization with SAP Cloud ERP by calling one of our experienced ERP consultants at (801) 642-0123 or by writing us at info@nbs-us.com.
