Outdated and old systems can create all sorts of issues in your business, from data silos which interfere with productivity to unnecessary downtime, which not only costs you money but lowers motivation and morale as well. The good news is that there is a solution, and it’s to use a modern cloud enterprise resource planning (ERP) system. You can even find some of the very best Cloud ERP systems on the market reviewed below.
Number 1: Unit 4: Best for Non-Profits
The first entry on our list is the all-in-one platform known as Unit 4. It stands head and shoulders above the others because it offers so many different functionalities all on the same platform, including enterprise Resource Planning (ERP) as well as financial planning and analysis, human resources, and even procurement. Using a single system like Unit 4 for all these tasks affords many benefits, including making it easier for everyone on your team to be able to access the information they need to do their job effectively.
Specifically built for use by those in the non-profit sector, Unit 4 allows you to model the results of investing funds, stay compliant with audits, and gives you clear information about how funds are being spent and the impact they are having.
Unit 4 also provides support with recruiting and growing your team, all on the same platform, allowing you to consistently improve your organisation with ease. Lastly, one of the things that really makes Unit 4 stand out is that it’s designed for collecting feedback from all important stakeholders, including beneficiaries, donors and staff. In this way, you can make sure that you are putting your charity’s fund to best use, and have this information to hand whenever a donor asks for it.
Number 2: Oracle Netsuite: Best For A Wide Range Of Integrated Apps
Oracle NetSuite is another excellent cloud ERP system choice as it offers many different apps and features on the same platform, including supply chain management, ecommerce integration, and customer relationship management, as well as HR and financial management.
Another great thing about Oracle NetSuite is that it can be specifically customized to your business needs. This means you can achieve a more efficient workflow without needing to navigate off-platform.
Oracle NetSuite are also well known for its high-quality customer service, which means if you have any issues or questions, you can expect to get them resolved quickly. In turn, this means you won’t need to worry about extended periods of downtime where you won’t be able to use this platform, ensuring consistent productivity in your business.
Although it is worth noting that, compared to other options, Oracle NetSuite can be considered as one of the more expensive Cloud systems out there.
Number 3: Sage Intacct: Best For Its Financial Functions
Sage Intacct is a cloud ERP platform that works well across a range of industries and is particularly well known for its strong financial management functions. Indeed, one of the biggest benefits of choosing the Sage Intacct platform is that it offers in-depth insights into an organization’s financial status, which can then be used to model and assist smooth business growth. Sage Intacct can also be customized, and it provides an open API for this purpose. Although this means you will need to get either a premade customised app or one made for you.
Another benefit of Sage Intacct is that it can be used to automate various processes concerning managing your resources. The critical benefits of this type of automation include saving time and money, increasing accuracy and freeing up your employees for more interesting and critical work.
Number 4: Workday: Best For Those Looking For A Unified System
With over 45 million users across the globe, Workday is another cloud-based Enterprise resource planning system that can provide a great deal of value to your organisation. Workday uses a single system for all its functions, including planning and Analytics as well as HR and finance. This means it’s an excellent tool for those looking for an effective way to manage the business’s finances, human capital and analytics from a single place. It’s also easier to use than many of the other systems on the market because of this unification, meaning people only need to learn to use one system to be able to do all of these things.
Workday can also be used to assist in making decisions that are based on real, measurable data. This is because it provides real-time analytics that can be easily customised to both long and short periods.
Number 5: Microsoft Dynamics 365: Best For Ai Powered Insights
Last, but certainly not least, we have Microsoft Dynamics 365. This is an ERP system that uses AI to enhance its functions and offer predictions that can help you make the smartest resource-based decisions for your business. Indeed, Microsoft Dynamics 365 is particularly well known for its ability to predict changes in demand for your product or service, allowing your business to stay agile and profitable.
Another crucial benefit of the Microsoft Dynamics 365 ERP is that it’s designed to easily integrate with the wider Microsoft ecosystem, which makes it even easier to share data and encourage collaborative work for those using both systems.
However, it is also worth noting that the Microsoft Dynamics 365 ERP system is known for being expensive compared to other options, especially if your business is looking for full implementations. This may make it inaccessible for smaller businesses. Some users also report a steeper learning curve to use the platform to its full potential. Although training of your team should help to minimise this issue and ensure that you get the most out of the platform as possible.
Final thoughts
ERPs offer a wide range of benefits for your organisation. However, you must choose the right ERP for your needs. In particular, be sure that the ERP you select offers a range of apps that cover all the functions you require. Also, be sure that it has been especially designed to serve the industry you are in or that it can be customised for your unique needs.
