ERP - Enterprise Resource Planning Software.
Enterprise resource planning (ERP) software is used by organizations to integrate and organize the data necessary for front office and back-office operations. ERP solution integrates organizations' key operations into one integrated system.
When properly implemented, an ERP solution increases organizational efficiency, performance, and profitability. In addition, ERP can help organizations achieve the benefit of digital transformation.
Top ERP Software
1. SAP ERP – System Application Product in Data processing.
The SAP System featured in the report includes SAP S/$ HANA, SAP Business One, and SAP Business ByDesign.
SAP S/$ HANA Provides embedded analytics, machine learning, and robotic process automation, while SAP Business One is a solution that fully integrates with this platform but is designed for small to midsized organizations. SAP Business ByDesign is another product designed for small to midsized organizations. It is a single cloud solution with pre-build processes and real-time analytics.
Recently, SAP has been reducing complexity in its software and implementations. They’ve done this by focusing on Industry-Specific Models and Moving away from heavy programming to increased software configuration.
2. Microsoft Dynamics
Microsoft Dynamics is a line of enterprise resource planning (ERP) and customer relationship management (CRM) software applications. Microsoft markets Dynamics applications through a network of reselling partners who provide specialized services. Microsoft Dynamics forms part of "Microsoft Business Solutions. Dynamics can be used with other Microsoft programs and services, such as SharePoint, Yammer, Office 365, Azure and Outlook. The Microsoft Dynamics focus-industries are retail, services, manufacturing, financial services, and the public sector.
The Microsoft Dynamics family of products is largely made up of products developed by companies that Microsoft acquired: Dynamics GP (formerly Great Plains), Dynamics NAV (formerly Navision; now forked into Dynamics 365 Business Central), Dynamics SL (formerly Solomon), and Dynamics AX (formerly Axapta; now forked into Dynamics 365 Finance and Operations). The various products are aimed at different market segments, ranging from small and medium-sized businesses (SMBs) to large organizations with multi-language, currency, and legal entity capability.
3. Oracle Enterprise Resource Planning Cloud
Oracle Enterprise Resource Planning Cloud is a cloud-based ERP software application suite introduced by Oracle Corporation in 2012. Oracle ERP Cloud manages enterprise functions including accounting, financial management, project management, and procurement.
Oracle ERP Cloud is an end-to-end Software as a service suite that manages enterprise operations. The suite runs on an Oracle technology stack in Oracle’s cloud centres. Oracle ERP Cloud is accessible through both public and private cloud implementation and supports hybrid deployment. Oracle supplies updates to Oracle ERP Cloud at least twice annually. According to the company’s website, there are nine different software modules that make up the Oracle ERP Cloud suite.
Oracle Database is the first database designed for enterprise grid computing, the most flexible and cost effective way to manage information and applications. Enterprise grid computing creates large pools of industry-standard, modular storage and servers. With this architecture, each new system can be rapidly provisioned from the pool of components. There is no need for peak workloads, because capacity can be easily added or reallocated from the resource pools as needed.
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