Top ERP Software to Fulfill Your 2022 Business Goals

Every day businesses of all sizes deal with multitasking. Employees have lots of responsibilities, they provide dozens of services, and communicate with clients and specialists from other departments. Sometimes such multitasking turns out to be utterly ineffective – time gets wasted, important data is hard to find, and numerous human mistakes are made.?

And in this world of working chaos, only the companies that have a magical business management tool called ERP can stay stable and highly productive. It’s hard to overstate the true power of enterprise resource planning software.

ERP offers companies a centralized and transparent database where all the information from company departments is safely stored.?Up-to-date ERP systems?serve not only as convenient data storage but also as tools helping to handle finance, procurement, accounting, human resources, production, and client services.?

Perhaps your company already uses ready-made ERP. But is that software enough for your business needs? Or maybe there is a better option that you can try and achieve better results? In this blog post, we will give you the answers to these questions.?

We are going to share with you key reasons why custom ERP is a perfect tool for business. And we will also cover top ERP types, including the specificities of?custom ERP development. So, without further ado, let’s get started!?

Choose the right ERP system for your business

So as you’ve probably understood, enterprise?resource planning software is a core tool for businesses able to transform them in so many ways. However, it is still not quite clear what ERP is better for businesses. In a world full of ready-made solutions, should you get settled with one of them? Or maybe it is better to invest in custom ERP development from scratch? Let’s discuss these matters right away!?

Ready-made ERP and best vendors

The first and most obvious choice for businesses is to get a ready-made ERP because it is fast, convenient, and requires fewer costs than the development from scratch. And while for the smaller businesses, this strategy may make better sense and work like a charm, the larger companies oftentimes struggle with tuning those systems and incorporating them into their working environment. So when it comes to ready-made ERPs, we’d recommend using them if you have a company with 30+ employees but not more than 100. Among the most popular and reliable ERP vendors, one will likely recognize Oracle, SAP, Microsoft, Infor, Netsuite, and many more. Here are the ones that are used by numerous companies all over the world:?

Custom-made ERP software?

Custom-made enterprise resource planning systems are the go-to solutions for big and growing businesses. Of course, the variety of the off-the-shelf ERPs and their prices can be tempting, but you should also know and keep in mind their limitations.?

With custom-made ERP you will never face scalability or customization issues. While ready-made solutions offer a pretty standard set of options that can be good for one business but useless to another, ready-made ERP adapts to all your processes and offers you a seamless experience. And that’s not all you can get!?

Here are some main benefits of custom ERP development and integration:?

• Custom?ERP will have only the most crucial set of modules. With it, you can digitalize all necessary processes in no time and use one multifunctional system to manage all those processes in the future.
• Your?ERP can be connected with other business systems?like CRM or ECM which helps to get data-driven insights and see the full picture of how effective your business processes are.?
• You can?cut your IT costs?spent on third-party solutions and services since custom ERP will have all the necessary features.?
• Custom-made ERP?will have the most user-friendly and intuitive design, so you will not need to spend much time teaching your employees how to use it.??
• ERP developed specifically for your business?can scale together with your company.?
• Custom?ERP is built to preserve all standards and compliance. Moreover, companies like ours always use the latest technologies, so you can be sure that your software will last you for years to come.?
• Your?ERP can be?easily connected with all necessary services or APIs. This means that every crucial business app you need will be linked with your central business system – your own ERP.?
• And last but not least,?you will never depend on any restrictions?that ready-made solution providers may have or implement. So you will not need to worry that one day the support of a certain service will discontinue, or that some modules will be removed or changed in a way that no longer fits your business needs.?

Сustom ERP development: 101

Needless to say that ERP is the most crucial software for middle size and big businesses as well as different enterprises. Perhaps by now, you’ve made a decision to build your own custom ERP fully adaptable to your business processes. But chances are that you still don’t know where you should start.?

So to help you with everything and address all questions you might have,?we have prepared a full guide on custom ERP development for you. Let’s wait no further and proceed to discuss all the details.?

Key things about ERP modules

As we’ve already mentioned, enterprise resource planning is a complex multifunctional solution. Every ERP has a modular structure that supports different ERP functions such as accounting, procurement, workforce management, inventory management, and so on. In other words, each ERP module is designed to fulfill one particular business function, provide the data related to that function, and support the related processes.?

There can be many modules included in a common ERP system and the information will not get messy. ERP has one single source of very accurate data and preserves that accuracy even when a new module is added.?

The selection of modules suitable for your business is very important. Of course, you can extend your ERP functionality with time, but in the very beginning, it is necessary to add the most useful modules and benefit from them to the fullest. Here are infographics demonstrating a variety of ERP modules you can consider for your business:?

One of the most important modules is a finance one that helps with accounting and automates tasks related to billing, all kinds of payments, financial planning and analysis, profit and loss reports, etc. The next important module would be CRM (custom relationship management) which helps with the management of customer-related information.?

Another crucial ERP module is the one responsible for the workforce and human resource management. This module is like a CRM but with the data related to all your employees. Thanks to this module companies can store lots of documents linked to every employee across the company – performance reviews, job descriptions, promotions, sick leaves, vacations, etc.?

Apart from the modules mentioned on the infographics, we’d like to emphasize some more runner-ups that you might like:?

• PLM?– or product lifecycle management module that will help you detect the full lifecycle of a product starting with its design phase and ending with sending it off to vendors.
• BI?– or business intelligence tools that will help you collect valuable insights on your company performance thanks to advanced analytics, vendor classification, real-time reporting, and many more.
• EDI?– electronic data exchange to share and fill in all documentation in an electronic form and minimize human errors that occur during handling common paperwork.?
• BA?– business analytic tools. While BI provides insights on past and current business situations and helps streamline necessary operations, BA analyzes the data to project future operations and prepare the business for them. BA can even offer you great data visualization and online analytical processing tools.?

The combination of modules can be different for every business. Everything depends on your goals and expectations put on the ERP software. So before you are going to initiate?ERP development?you need to point out your main functional requirements. This is incredibly important, especially if you need an?ERP for manufacturing?or other complex industry. In case you have any difficulties with formulating your requirements and selecting the right modules, you can always consult with a professional business analyst.?

Here at Altamira, we have specialists who will help you select not only the best module set, but also handle all non-functional requirements (i.e. load on devices, desired ERP performance, scalability, etc.) that are also crucial for every ERP.?

To wrap it up

Enterprise resource planning software can become your best digital helper able to break barriers between all your company departments. By integrating custom ERP your business can achieve a better performance rate, optimize management, improve collaboration, automate manual tasks, and what’s more important – all your company decisions will be data-driven.?

These days, using ready-made ERP is not enough. Only custom software, tailored to fit your business model and goals, can help you streamline all processes in your company. Although the development price may seem enormous, you are investing in a custom ERP once, and get a highly functional solution that will last you for years to come.?On top of that, you will not depend on ERP providers and their conditions ever again.?

Custom enterprise resource planning software will have the most efficient feature set suitable for your particular requirements. The security and performance of such a solution will also beat your expectations. And what can be better than the tool that really helps transform your business and become even better??