Are you searching for the best ERP software in India to streamline your business operations? If yes, you have landed at the right place. Here in this article, we will discuss the top 10 ERP software solutions available in India that can revolutionize managing businesses for small and medium-sized ventures.
What is ERP and Why is it Crucial for Businesses?
Before jumping into the best ERP software in India, it is important to understand what ERP is and why it plays a crucial role in present-day business operations. In simple language, ERP, or Enterprise Resource Planning, is a software system that integrates various departments and functions within an organization into a single, unified platform.
It allows businesses to automate and manage key processes. It includes accounting, human resources, supply chain, customer relationship management (CRM), and more.
India is at present one of the world’s fastest-growing economies. A wide range of diverse industries are coming up in the country. Hence, more and more, there is an increasing need for efficient and scalable ERP software. By implementing the right ERP system, Indian businesses can gain a competitive edge, improve operational efficiency, and drive growth.
Benefits of Implementing ERP Software
There are several benefits that businesses can achieve by installing ERP software. Some of the major advantages of employing ERP tool are mentioned below:
a) Enhance Efficiency
By automating manual processes and providing real-time data access, ERP systems optimize workflows and eliminate redundancy.
b) Improve Collaboration
ERP fosters collaboration among teams by centralizing data and facilitating seamless communication across departments.
c) Enable Data-Driven Decision Making
With comprehensive analytics and reporting capabilities, ERP software equips businesses with actionable insights to make informed decisions.
d) Boost Productivity
Streamlined processes, reduced paperwork, and automated workflows free up employees’ time, allowing them to focus on strategic initiatives.
Now that we understand the significance of ERP, let’s explore the best 10 ERP software solutions in India.
List of 10 ERP Software Solutions in India
1. Marg ERP 9+ ERP Software
Marg ERP9 is a comprehensive ERP solution for multiple location sales, distribution & manufacturing businesses to manage their entire downstream supply chains. The loosely coupled solution helps you to manage your chain network.
Main Features of MARG ERP Software:
- Accounting and Finance: MARG ERP Software offers comprehensive accounting features, including general ledger, accounts receivable, accounts payable, and financial reporting.
- Inventory and Warehouse Management: MARG enables businesses to effectively handle inventory control, stock movements, stock transfers, and reorder management.
- Sales and Distribution: The software streamlines sales and distribution processes, including sales order management, invoicing, sales analysis, and customer relationship management.
- Purchase and Vendor Management: MARG ERP Software facilitates seamless procurement processes, from purchase requisition to purchase order creation and vendor management.
- Production Planning and Control: MARG includes production planning and control features, allowing businesses to schedule manufacturing operations, track work-in-progress, and manage bills of materials.
- Payroll and HR Management: The software provides comprehensive payroll and HR management functionalities, covering employee data, attendance tracking, leave management, and payroll processing.
- Business Intelligence and Analytics: MARG offers powerful analytics and reporting capabilities, generating insightful reports on various business aspects such as sales, finance, inventory, and production.
#2. Tally ERP 9
Tally.ERP 9 is the leading ERP solution provider in India. It caters specifically to the needs of small and medium-sized enterprises (SMEs). This ERP tool is popular among users because of its user-friendly interface and comprehensive accounting features.
Main Features of Tally ERP 9 ERP Software:
- Accounting and financial management: Efficiently manage accounting processes, including invoicing, budgeting, and tax compliance.
- Inventory management: Track stock movements, manage to reorder levels, and optimize inventory control.
- Sales and purchase management: Automate sales and purchase processes, generate sales orders, and track payments.
- Statutory compliance: Ensure compliance with taxation and regulatory requirements through built-in features.
- Payroll management: Streamline payroll processing, generate payslips, and handle employee deductions.
- Reporting and analytics: Generate comprehensive reports on financial performance, sales, and inventory.
#3. SAP S/4HANA
As a market leader in ERP solutions, SAP S/4HANA is a market leader in the ERP industry. It offers a comprehensive suite of features tailored for businesses of all sizes. Its intelligent capabilities, such as real-time analytics and predictive insights, enable organizations to make data-driven decisions and drive innovation.
Main Features of SAP S/4HANA ERP Software:
- Real-time analytics: Gain instant insights into your business performance with real-time data analysis.
- Predictive capabilities: Utilize advanced analytics and machine learning to predict future trends and make proactive decisions.
- Finance and accounting: Manage financial processes, such as general ledger, accounts payable, and accounts receivable, with ease.
- Supply chain management: Optimize your supply chain by tracking inventory, streamlining procurement, and managing logistics efficiently.
- Sales and customer management: Enhance customer satisfaction and sales performance with integrated CRM functionalities.
#4. Oracle NetSuite
With its cloud-based ERP system, Oracle NetSuite provides a scalable solution that caters to diverse industry needs. From financial management to supply chain and inventory control, NetSuite offers a unified platform that enhances visibility and operational efficiency.
Main Features of Oracle Netsuite ERP Software:
- Financial management: Gain full control over your financial operations, including general ledger, billing, and revenue recognition.
- Inventory and warehouse management: Optimize inventory levels, track stock movements, and improve order fulfillment.
- Customer relationship management: Strengthen customer relationships, manage sales pipelines, and improve overall customer satisfaction.
- E-commerce integration: Seamlessly integrate your online sales channels and streamline order processing.
- Project management: Plan, track, and manage projects efficiently, ensuring timely delivery and resource optimization.
#5. Microsoft Dynamics 365
Seamlessly integrating ERP and Customer Relationship Management (CRM) functionalities, Microsoft Dynamics 365 offers a holistic approach to business management. Its flexible deployment options and robust reporting capabilities make it a popular choice among enterprises.
Main Features of Microsoft Dynamics 365 ERP Software:
- Unified platform: Access ERP and CRM functionalities within a single platform, fostering collaboration and data sharing.
- Sales and marketing automation: Streamline your sales and marketing processes, automate repetitive tasks, and improve customer engagement.
- Customer service management: Deliver exceptional customer service with case management, knowledge base, and self-service portals.
- Business intelligence and reporting: Leverage powerful analytics tools to gain valuable insights and drive data-based decision-making.
- Field service management: Optimize field operations with features like scheduling, dispatching, and mobile access.
#6. Sage X3 ERP Software
Sage has more than 30 years of experience helping small and medium companies manage their business. In fact, we help more than 3 million customers worldwide to be more effective by making smarter decisions. Whether your business is growing locally or expanding globally, it has a solution for every stage that’s more flexible and scalable than other traditional ERP solutions.
Main Features of Sage X3 ERP Software:
- Financial management: Manage budgeting, cash flow, and financial reporting with advanced tools and automation.
- Manufacturing and distribution: Optimize production planning, track inventory, and streamline order fulfillment.
- Sales and customer management: Enhance customer satisfaction with efficient order management and customer support.
- Supplier and procurement management: Streamline procurement processes, manage supplier relationships, and reduce costs.
- Business intelligence: Leverage analytics and reporting capabilities to gain insights into business performance.
#7. Integra ERP Software Solutions
Integra provides enterprise resource planning software for small and medium businesses. It offers industry-specific application software, engineered for speed, accuracy, and innovative user-friendly designs.
Main Features of Integra ERP Software:
- Financial Management: Integra offers comprehensive financial management features, including general ledger, accounts receivable, accounts payable, and bank reconciliation.
- Inventory Management: With Integra, businesses can efficiently handle inventory control, stock movements, purchase orders, and stock transfers. It provides real-time visibility into inventory levels, reducing the risk of stockouts or overstocking.
- Sales and CRM: Integra enables businesses to manage their sales processes, track leads and opportunities, and enhance customer relationship management.
- Purchase and Vendor Management: The software facilitates the entire procurement process, from requisition to purchase order creation and vendor management.
- Production Planning: Integra offers production planning features that enable businesses to schedule manufacturing processes, track work orders, and manage bills of materials.
- HR and Payroll: Integra includes HR and payroll management functionalities, allowing businesses to handle employee data, attendance tracking, leave management, and payroll calculations.
- Business Intelligence and Reporting: The software provides robust reporting capabilities, generating insightful reports on various aspects of the business, such as financial performance, sales analysis, and inventory status.
#8. Infor ERP
Infor ERP empowers organizations with industry-specific solutions designed to optimize key processes. With modules focused on areas like finance, manufacturing, and human resources, Infor ERP ensures a tailored approach to meet unique business requirements.
Main Features of Infor ERP Software:
- Configurable modules: Tailor the ERP system to your specific industry requirements with customizable modules.
- Financial management: Automate financial processes, manage budgets, and generate accurate financial reports.
- Manufacturing and supply chain optimization: Streamline production, improve inventory management, and optimize supply chain processes.
- Human capital management: Streamline HR processes, including payroll, talent management, and employee self-service.
- Analytics and business intelligence: Access real-time insights and actionable data to drive informed decision-making.
#9. SAP Business One
Business One from SAP offers a cost-effective ERP solution for small and medium-sized enterprises in India. This tool has a wide range of robust features. Furthermore, the scalability and integration capabilities of this ERP tool enable businesses to adapt and grow in a competitive market.
Main Features of SAP Business One ERP Software:
- Financial management: Automate accounting processes, manage cash flow, and generate financial reports.
- Sales and customer management: Track sales opportunities, manage customer relationships, and analyze sales performance.
- Purchasing and inventory control: Streamline procurement processes, manage inventory levels, and optimize purchasing decisions.
- Production planning: Plan and schedule production, manage bills of materials, and track work orders.
- Analytics and reporting: Access real-time data insights and generate customizable reports.
#10. Zoho ERP
Zoho ERP provides a suite of integrated applications to streamline business processes. From finance and inventory management to human resources and CRM, Zoho ERP offers a unified platform that enhances collaboration and improves efficiency.
Main Features of Zoho ERP Software:
- Finance and accounting: Manage financial transactions, track expenses, and generate financial statements.
- Inventory management: Track stock levels, automate reorder processes, and improve inventory accuracy.
- CRM and sales automation: Streamline sales processes, manage leads and contacts, and enhance customer engagement.
- Purchase and vendor management: Streamline procurement processes, manage vendor relationships, and track purchase orders.
- HR and payroll: Streamline HR processes, manage employee data, and automate payroll calculations.
Suggested Read: Best Accounting Software in India
What are the key factors to consider when choosing to buy ERP software in India?
When selecting ERP software, you must consider several factors. It includes industry-specific features, scalability, ease of use, integration capabilities, support and training options, and cost-effectiveness.
How much does an ERP cost in India?
The cost of implementing ERP depends on several factors. It includes features, functions, number of users, etc. The cost of ERP software in India ranges from Rs. 10000 to Rs. 25 Lacs. The price varies based on the reputation of the ERP software provider and its expertise.
What are the common types of ERP software?
There are three major types of ERP software available in India. These are cloud ERP, on-premise ERP, and hybrid ERP.
Can ERP software be customized to fit specific business requirements?
Yes, many ERP software solutions offer customization options to tailor the system to your unique business needs. You need to work closely with the software provider to ensure that the solution aligns with your business needs.
Choosing ERP software is without saying a crucial decision for any business. It can significantly impact your business operations. With the right ERP system, you can streamline processes, enhance efficiency, and unlock the full potential of your organization. Consider your specific business needs, industry requirements, and scalability before deciding on buying ERP software.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.