Top 5 Best ERP Software for 2021
Small and medium-sized businesses are quick to recognize the need for operational software (ERP) software. Software that can help manage the day-to-day operations of a business such as accounting, sales, finance, procurement, planning and performing sales operations. Therefore, if you have been using an estate plan you may already know the value that ERP offers. It eliminates data duplication situations, minimizes errors, and creates businesses in a way that has never been seen before. So, instead of having hundreds of different spreadsheets and systems to manage all the important business activities, you can consider having an ERP that makes a difference. ERP systems can bring order to the turmoil from quarterly financial statements, keeping tab sales, managing customer records, building materials debt, and much more. In one place, everyone in your business can stay on the same page. It is impossible to ignore the impact of ERP on business.
As we’ve seen what ERP brings to your business value, let’s dive deeper and see what makes the best ERP software for SMEs. We have chosen these ERPs because of their proven ability to meet the complex needs of a dynamic business. Although there are many ERP programs to choose from, we believe that the ERP software listed here stands out in terms of usability, reliability, security, performance, and intelligent access.
1. ERP - SAP Business One
Trusted by approx. 1,00,000 customers worldwide, SAP Business One is a globally accepted software for small and medium-sized small businesses. An intelligent, inexpensive and high-quality business planning software that streamlines the entire purchasing process from finance to sales and management, inventory to project management, and everything in between. With business-built software, it's easy to base your decisions on facts and statistics. Posted both on-premise and in the cloud, SAP Business One Cloud offers great flexibility to measure your business where demand grows and where it grows. SAP Business One also supports the new GST rules in accordance with the new GST rules and is a GST-Ready ERP that facilitates automatic e-invoice reporting to government websites and GST returns. The software is fun to use to make you feel like that's for you.
Best Features of SAP Business One-
Financial Management - Improve journals, minimize errors, and drive profitable decisions with a complete set of tools for consistent financial performance.
Sales and Customer Management - Effectively manage the entire sales process and customer life cycle - from initial contact to final sales, after-sales service, and support.
Purchasing and Inventory Management - Prepare purchase practices and administrative costs by managing the full payment cycle including receipts, invoices, refunds and payments.
Business Intelligence - Create timely and accurate reports based on detailed company data with analytics and reporting tools.
Analytics and reporting - Empower your employees to make wise, confident decisions quickly by capturing all sensitive information and making it available to the company as soon as possible.
Industrial Capabilities - Take advantage of a wide range of sector practices, best practices, and processes with tools for small and medium-sized businesses.
Mobility - With SAP Business One mobile apps, you get instant access to the most relevant information to help you run your business from any where, anytime.
2. Tally ERP
Tally ERP has some practical features and functionality that makes it also one of the best ERP software on the market. Tally ERP is more than just basic Tally software that focuses on accounting, asset management, GST, and other important office-related functions. Tally is an old and well-known software but it is in the process of fully integrating the software. Software is good and advisable for SMEs when the data volume is not above and the business is not operating internationally or worldwide.
Best Features of Tally ERP-
Accounting management - Can easily create and track sales vouchers, easily create purchase vouchers and view supplier-wise purchase details, Order processing and tracking can be easily done, full support and functionality to create journal, payment, receipt and contra vouchers.Banking transactions support - Can generate cash/cheque deposit slips and track them, reconciling business transactions directly with bank statements, supports transactions made in the form of e-Payments with multiple banks.
Inventory management - Can define unlimited stock groups, stock categories and arrange stock accordingly, reports based on stock groups and categories, can create multiple godowns and track stock godown-wise, Create multiple price lists for your business to manage different types of customers, Manage stocks with batches and access stock summary reports to view the stock position.
GST compliance - Complete support for GSTR-1 , GSTR-2 and GSTR-3B and all GST compliance.
Easy access to business reports - can access Balance Sheet, and Profit and Loss statement, payment performance of parties, item wise profitability, cash flow, fund flow and many more insightful reports.
Budgets and Controls
Manage unlimited companies and group companies
Tally Vault password encrypts and safeguards data from unauthorized access
Remote access
