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12 Best ERP Software for Small Business

What is the top ERP software for small business?
The top ERP software for small business is NetSuite ERP. It is a flexible solution that is cost-effective and scalable. It can streamline front and backend processes and has the necessary tools to help you manage critical areas of your business like accounting, finances, inventory, resource planning, payroll, HCM, and more.

Getting an Enterprise Resource Planning or ERP software can be intimidating for small businesses. But in the time of the COVID-19 pandemic when the need to access your business systems from anywhere and anytime is crucial, having an ERP solution—especially a cloud-based one—is a smart move.

Now you may ask: why should you even bother with an ERP software solution? The short answer is because of the benefits you can gain from an ERP system. These include boosting employee productivity, improving operational efficiency, and generating accurate reports. It is also able to simplify and automate critical business processes, give you real-time visibility across your organization, and provide the flexibility that every growing company requires to adapt to the unprecedented changes in the business environment. You can head over to our extensive analysis of ERP systems to learn more about this type of solution and what it can do for your business.

erp software for small business

Small businesses are vital economic drivers but they have also been the ones hit the most by the COVID-19 outbreak. In the US alone, there are 30.2 million small businesses, which accounts for 99.9% of all business firms in the country. A study on the impact of COVID-19 on small businesses reveals that 43% of small businesses had closed temporarily in the midst of the pandemic. Among these businesses, only 47% expected to reopen within a four-month period.

A year after the pandemic hit, the majority of small businesses are still far from recovering fully, but some have already made changes as they strive for business continuity post-COVID. Among these changes include acquiring the necessary tools, such as ERP solutions, to which they expect to help them regain their foothold in an ever-changing industry. More than ever, business owners are now more aware that they need to be agile and to be able to evolve with small business trends. They have to quickly adapt to future-proof their businesses and make them more dynamic and responsive to overcome challenges.

Source: Panorama Consulting Group 2020 ERP Report

The great thing about ERP software is you won’t need separate solutions to address the many areas listed in the survey findings. ERP software is an integrated package of tools and capabilities built to help you manage various operational and functional areas of your business, such as customer relations, human resources, hiring and onboarding, revenues and expenses, asset and resource management, regulatory compliance, and many more. Get to know the leading ERP products with our list of 12 best ERP software for small businesses.

1. NetSuite ERP

NetSuite ERP dashboard

First in our list of 12 best ERP software for small business is NetSuite ERP. This modern, cloud-based ERP platform is designed to scale as your business grows. The product is from Oracle, which guarantees that you get only the best software from a global leader in business technology solutions. NetSuite ERP is being used by more than 16,000 enterprises of various sizes and industries in over 160 countries, earning the title of “the world’s most deployed cloud ERP solution.”

NetSuite ERP brings you all the tools and modules you need to automate business processes such as accounting, demand planning, manufacturing operations, billing and invoicing, financial management, revenue management, fixed assets, order management, warehouse administration, and inventory management. It provides you with full visibility into all functional and operational areas across your organization through KPIs, business intelligence, and accurate reporting. These are intended to guide you in making well-informed, data-backed decisions. You can leverage the NetSuite ERP free demo, to learn more about its advanced features.

NetSuite ERP

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Try out NetSuite ERP with their free trial

Companies have different unique business requirements. Hence, pricing for NetSuite ERP is offered on a quote basis. This allows the vendor to tailor a custom package for your company based on the modules and add-ons you need and the number of users per month. To learn more, you can sign up for NetSuite ERP free demo here.

Small Business Benefits:

  • Business finance made simple through automation and a fast, proven solution
  • Real-time insights to give you a complete picture of your business
  • Grow new products, channels, and markets with agile features and capabilities
  • Get rid of on-premise IT costs with an ERP system that is flexible, scalable, and always current

Detailed NetSuite ERP Review

2. Rossum

Rossum dashboard

Rossum helps small businesses automate key processes through document-management-based ERP workflow that can tie up all business fronts. It has a smart cognitive data capture technology that quickly scans, collects, and validates all documents including forms. So, information from seemingly disparate areas can be integrated to be used in managing an organization. This feature is powered by AI and is automated. So, small business owners can concentrate on mission-critical tasks rather than doing back-end clerical work.

The capture is also available in native applications for Android and iOS devices.

Moreover, this unique technology also has a failsafe. If there are missing data or data with low confidence scores, the program automatically prompts the user to verify. Moreover, it is also trainable using user feedback. Thus, it gets more accurate over time. This feature is perfect for capturing and managing documents like invoices and forms. Hence, many organizations leverage it for automating various enterprise resource management processes including logistics-related ones.

Rossum

Rossum

Try out Rossum with their free trial

The platform is also fitted with many other automations and is highly flexible. In fact, the software provider deploys the Rossum platform customized according to an individual organization’s needs. It also has communication tools for team coordination and management. This includes a dashboard for cues for document-based task lanes that can be used for purchase order approvals and more. Other key ERP features include audit trails, reporting, and analytics. Moreover, it has advanced data compliance capabilities to keep data assets safe.

Any ERP tool is not complete without integrations. It needs to be able to “talk” to other specialized business apps in order to manage the whole breadth and depth of an organization. And, Rossum is fitted with many integrations including those for Zoho Books, Google Drive, and Oracle Netsuite.

Lastly, as it is deployed according to a particular business’ requirements, it is only available in customized plans.

Detailed Rossum Review

Small Business Benefits:

  • Document management and enterprise resource management capabilities
  • Smart capturing helps automate clerical tasks
  • Single document gateway to unify organization-wide information transfers

3. Scoro

Scoro dashboard

Scoro is an all-in-one online business management platform specifically designed for small and midsized businesses. Those engaged in services, sales, and project management can get work done faster and more efficiently by leveraging Scoro’s key features, which include work scheduling and tracking, collaboration, CRM, quoting and billing, and advanced reporting and dashboards. All these can be controlled from a central hub where tasks, calendar events, KPIs, accounts, and important information are displayed.

With Scoro, you can manage every stage of your project, automate billing and invoicing, get a full overview of contacts, keep tabs on performance indicators, and view detailed financial reports. The software is also fully configurable, allowing you to set user permissions, select from built-in templates or create your own for invoices and order, and configure activity or product types. Scoro can integrate with over 1,000 external apps through Zapier and offers mobile apps for iOS and Android for accessing the software on the go. You can make use of the Scoro free trial to test drive the software.

Scoro is available in four low-cost plans starting with the Essential Plan at $26/user. This is for small teams looking to manage all the important aspects of their business without having to switch between apps and spreadsheets.

Small Business Benefits:

  • Manage time more efficiently and allocate resources according to capacity
  • Track and manage everything about your project from one place
  • Take charge of your finances, purchases, and costs, and automate invoice reminders
  • Manage your sales funnel and get a full view of each contact

Detailed Scoro Review

4. Kechie ERP

Kechie ERP dashboard

Kechie ERP is another ERP solution ideal for small businesses. It is an all-in-one platform that combines CRM functionalities with inventory management, customer support, financial management, and supply chain management.

As a fully-integrated solution, Kechie ERP can help you streamline your business processes, from automating and synchronizing your inventory management to analyzing customer interactions, sales pipelines, and other customer relationship data. Moreover, Kechie ERP is based on a highly-secured cloud infrastructure. It comes with flexible configuration tools to help you customize the application down to the user level.

The software is ideal for businesses in apparel, electronics, pets, food, consumer goods, medical, metal, government, and nonprofit industries. With feature modules in finance, CRM, sales, manufacturing, procurement, and warehouse management, Kechie ERP delivers powerful tools to help you run your business more efficiently.

Pricing for Kechie ERP is available by quote. You may reach out to the vendor for a tailor-made plan of the software.

Small Business Benefits:

  • Provides ERP information on a real-time basis
  • Allows you to address customer requests immediately
  • Helps you manage warehouse locations
  • Keeps track of your sales pipeline

Detailed Kechie Review

5. Tipalti

tipalti dashboard

Tipalti is a comprehensive business management platform with a large focus on streamlining financial processes with other operations. It helps businesses keep track and process payments and suppliers while keeping them safe from financial risks and tax compliance issues. Tipalti’s end-to-end accounts processing solution is also fitted with advanced features including currency selection, reconciliation, fraud detection, and mass payment processing.

With its global reach, it is perfect for small businesses with clients across the globe. The solution is also very flexible. It is being used by a wide range of companies and business operations ranging from the financial industry to social network influencers. Tipalti automates all the accounts payable (AP) processes needed to perform in the modern business setting.

Moreover, the solution is also fitted with robust reporting tools for analytics and visualizations useful for presentations. Other modules include those for managing procurement, suppliers, and invoices. It also integrates with other popular business solutions like QuickBooks Online and Netsuite. Lastly, the product is customized for each client. So, it is only available in quote-based plans.

Small Business Benefits:

  • Automate all payment-related processes
  • Integrate seemingly disparate operations like supplier management and logistics through its many modules
  • Comply with national and international tax standards

Detailed Tipalti Review

6. Brahmin Solutions

Brahmin Solutions dashboard

Brahmin Solutions offers an enterprise-grade inventory management system that helps small businesses optimize their inventory and order management using a single platform. Its multichannel inventory management feature enables businesses to sell in different currencies while managing inventory in their default currency. You can also have clear visibility over all your sales channels’ inventory by enabling data synchronization, which gives you real-time updates on your sales channels’ sales and warehouse. You can also keep track of your perishable items’ expiration dates, so you can sell the products before they expire and avoid sales loss.

Replenishing stocks is made easier using a one-click reorder functionality, which allows you to set a minimum and maximum purchase limit for each item. Upon reordering, you can generate vendor bills, which can be processed by Brahman Solutions’ accounting features, or you can forward to your integrated accounting system.

Brahmin Solutions’ reporting tools help you stay on top of your business’ overall health and status. Its reporting feature allows you to can generate reports and assess the performance of your products’ sales, your sales channel, and sales representative. You can also get customer sales reports as well as profit margin, quote, invoice reports, and more.

Brahmin Solutions also has an extensive list of third-party integrations, such as ecommerce platforms, marketplaces, accounting systems, payment gateways, shipping and fulfillment, EDI, and 3PL. The starting price is $199/month and good for five users or fewer, which is ideal for growing small businesses with a maximum of 1,000 orders per month.

Small Business Benefits:

  • Highly customizable depending on business size, type, and needs.
  • Easy to use and implement.
  • Fixed pricing on starter plan.

Detailed Brahmin Solutions Review

7. Odoo

Odoo dashboard

Odoo is a management platform that brings you dozens of tools to help you manage vital areas of your business, such as sales, marketing, finance, operations, human resources, and communications. There are also features for managing projects, boosting productivity, building your own website, and creating your own custom applications. Since you’re free to create and add your own custom apps while using the platform, the number of apps in Odoo’s fold has accumulated, covering virtually all your business requirements with a one-stop-shop solution. This universal approach veers away from the traditional ERP model, offering you a platform that is extremely modular but fully integrated. This is why it has also grown its user base and is available in two dozen languages.

Pricing is set at $18.75/user per month ($15/month if paid annually), plus the cost of the apps that are used, normally ranging from $8 to $24. However, certain apps are free to use by any number of users. Odoo provides a calculator on its pricing page so you can match users and apps and know how much you have to pay each month or for one whole year.

Small Business Benefits:

  • Pay as you go and only with the apps you use
  • Apps are fully integrated with each other and get rid of interfaces between different apps
  • No additional cost whether you deploy Odoo via cloud or on-premise

Detailed Odoo Review

8. Business Cloud Essentials

Business Cloud Essentials dashboard

Business Cloud Essentials is a comprehensive, cloud-based ERP software designed by UK’s Advanced. It is a robust solution that comes with multiple modules, including CRM, accounting, payroll, and operations. Owing to its extensive set of features, the solution is ideally perfect for small and medium businesses with diverse operations and unique requirements.

Manufacturing teams can use Business Cloud Essentials to schedule work orders, create Bills of Materials, manage the repair of inventories, and streamline quality management. Likewise, accountants can leverage the power of the accounting module to streamline financial management. The platform provides multiple transactional templates to minimize accounting errors and wrong entries. Besides, it offers a multicurrency accounting platform that makes it easy to transact in more than 160 currencies around the world.

The payroll module enables HR teams to remunerate staff in a way that is compliant and accurate. That’s not all; Business Cloud Essentials facilitates the analysis of labor costs per job, project, or department. This way, business owners can get a 360-degree view of their finances. Most importantly, the platform provides a CRM module to help businesses understand their customers and prospects.

Business Cloud Essentials offers subscription-based pricing. The pricing is perfectly suited to small and midsized businesses, especially those with diverse operations.

Detailed Business Cloud Essentials by OpenHR Review

Small Business Benefits

  • Simplify financial management to eliminate all financial worries
  • It helps remunerate staff in an accurate and timely manner
  • Bring together all manufacturing processes
  • Understand your customers and prospect with up-to-date information

9. Sage Intacct

Sage Intacct dashboard

Sage Intacct is a small business management and accounting platform that is part of Sage’s Business Cloud solutions. As a testament to its capabilities, Sage Intacct is the preferred financial app of the prestigious American Institute of Certified Public Accountants (AICPA). The software is intended to address the financial and accounting requirements not only of CPAs and accounting firms. It is also designed for startups and growing companies from a wide range of industries, such as those in the financial services, healthcare, hospitality, professional services, franchise, wholesale distribution, nonprofits, and others.

What you get with Sage Intacct is a flexible platform with advanced functionalities to help you manage company finances, automate complex processes, increase productivity, and help you make informed decisions. It gives you tools and features for spend management, cash management, accounts payables and receivables, and order management, among others. Furthermore, it offers additional modules to extend the platform’s functionality as your business grows and evolves.

Pricing for Sage Intacct is quote-based. The vendor will customize a subscription plan for your company based on the needs of your type of business, and the modules and features you need. Included in your plan are updates and enhancements, US-based customer support, and 24/7 access to the platform.

Detailed Sage Intacct Review

Small Business Benefits:

  • Core features that are built for finance by financial experts
  • Streamline complex financial and accounting processes
  • Configurable workflows, preferences, settings, and screens with no need for coding
  • Real-time operational metrics and advanced reporting

10. SYSPRO

SYSPRO dashboard

SYSPRO is a robust ERP system designed to help manufacturing and distribution businesses of all sizes integrate, control, and synchronize their operational processes. It can be deployed in the cloud or on-premises and comes with modular features to help you automate and manage accounting, billing and invoicing, scheduling, document planning, electronic payment, inventory, orders and quotes, distribution, supply chain, and warehouse operation. It also has capabilities for multi-currencies, fraud detection, data analysis and reporting, and mobile ERP.

SYSPRO harnesses the power of machine learning to give you a smart platform that lets all your systems communicate online, automate processes, and drill down on data at the granular level for complete visibility over your business operations and performance and to identify potential issues before they happen. SYSPRO is available through custom pricing based on the number of users, deployment method, company requirements, and budget.

Detailed SYSPRO Review

Small Business Benefits:

  • AI-powered platform for quick analysis, deep insights, and informed decisions
  • Built for the special needs of manufacturing and distribution businesses
  • Simplify complex technologies and go fully digital without hiring an IT team

11. Sage Business Cloud Enterprise Management

Sage Business Cloud Enterprise dashboard

Sage Business Cloud Enterprise Management provides you with enterprise-level capabilities to manage your entire business without weighing you down with the cost of typical ERP systems. That’s because the platform is entirely cloud-based, which means no expensive maintenance of computers and servers. It is also modular, allowing you to get only the set of features you need for managing specific business areas like production, financial management, warehousing and logistics, procurement, customer service, sales, and ecommerce.

Sage Business Cloud Enterprise streamlines enterprise management by allowing you to adapt the platform according to your business requirements. It offers flexible configuration options and support for your industry-specific processes. You can manage production, keep up with the demands of your supply chain, ensure inventory levels, undertake projects, or control budget and finances. The software is quote-based according to the industry you are in, the business you manage, and the features that you need.

Detailed Sage Business Cloud Enterprise Management Review

Small Business Benefits:

  • Applicable for a wide range of manufacturing and distribution businesses
  • End-to-end control of your business
  • Get only what you need based on business needs and budget

12. Oracle ERP Cloud

Oracle ERP Cloud dashboard

Oracle ERP Cloud offers an online solution that includes built-in industry standards and modern best practices to help companies of all sizes streamline their business processes. Designed for scalability and simplicity, the integrated ERP system lets you automate and manage financials, procurement, project planning, reporting, compliance and governance, and product lifecycle, to mention a few. It utilizes a modern, connected approach through cloud technology that makes it applicable for use in a wide range of industries such as financial services, IT, marketing, professional services, sales, telecommunication, pharmaceutical, and engineering.

The core of the ERP system is its financial module that provides advanced data analytics and sophisticated reporting. It can generate accurate, timely, and consistent data to support the reporting needs of departments across your organization and furnish management with vital business and financial insights. Oracle ERP Cloud offers three pricing plans for three major functions – financial reporting compliance, and advanced access and advanced financial controls – with prices ranging from $80 to $175/user per month.

Detailed Oracle ERP Cloud Review

Small Business Benefits:

  • Flexible and affordable pricing
  • Intended for small businesses that have outgrown their financial management systems
  • Built to unify data, connect teams, drive real-time insights, and propel growth.

Robust ERP Solutions for Small Businesses

Just because your business is a small one does not mean you have to miss out on the tools used by medium-sized companies and large enterprises and the benefits they gain from them. The 12 best ERP software for small business we discussed above show that you can access high-quality features that can transform your organization’s operations.

Among those, NetSuite ERP is the leading one because of its powerful automation capabilities. That is just one of the many reasons that over 16,000 organizations use it. Others include robust reporting functions, reduced IT costs, and greater flexibility when it comes to software implementation. There are more to discover, and you can find out for yourself when you explore the NetSuite ERP platform. The vendor has an appealing free trial where you can tinker with the features at no cost.

While an ERP software solution is a comprehensive package of tools, you can still benefit from the implementation of other software. For example, you can utilize the best business intelligence applications for small and medium business to uncover insights and more growth opportunities. You can also ensure that you cover all bases by looking at this list of 30 SaaS tools for small business in 2020.

Daniel Epstein

By Daniel Epstein

Daniel Epstein is a senior financial research analyst at FinancesOnline and the architect behind our Fintech and ERP content division. His main areas of expertise are blockchain technologies, cryptocurrencies, and the use of biometrics in fintech solutions. His work has been frequently quoted by such publications as Forbes, USA Today, Entrepreneur, and LA Times. With more than 1,800 solutions scrutinized in the last 5 years spent on our team he always prioritized offering readers an unbiased perspective on modern financial technologies.

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