Running a business means tracking a lot of moving parts. From tracking shipments and payments to managing employee scheduling to filtering through marketing emails, it’s a lot for any one person or department to track.
Fortunately, as with most things in modern life, programmers have found a way to automate these processes. This sort of automation may eventually have dire repercussions on the job market. However, it cannot be denied that it’s easier and more convenient to use ERP software to run your business.
Not sure what types of ERP systems are available for you? No worries. Our guide will show you the best ERP systems for your business, whether it’s large or small.
Let’s start with the most basic type of ERP software. Generic ERPs provide functions that would be useful across a wide variety of industries. This type usually gets used by smaller or niche businesses.
Such companies can benefit from basic accounting and financial management. However, generic ERPs don’t tend to offer much in the way of operations support.
Those that work in industries with specialized needs, like manufacturing or distribution, may require industry-specific ERPs.
The needs of such businesses are complex. Therefore, these industry-specific programs tend to be custom-made for the business. This makes specialized ERPs a better choice for midsize to large corporations.
Custom or Hybrid ERPs
As you might expect, custom ERP solutions are built precisely to a given company’s demands. Typically this is done by partnering with an ERP development company like NetSuite.
Do you want a custom ERP system? Are you unsure what you might pay for it? If so, you can research your potential netsuite licensing price from our affiliates.
Hybrid ERP systems, on the other hand, come into play when a company has a pre-built solution in place already but needs custom features or modules tacked on. Custom ERPs tend to see more use with large businesses, while hybrids get used by midsize ones.
Cloud-based systems are among the most modern types of ERPs. In a cloud-based ERP, the data and programs get hosted on the ERP system vendor’s servers and accessed via an internet connection. This is a great choice for small businesses that don’t have much floor space or extra overhead to handle their automation needs.
On-premises ERP systems get installed on the company’s computers themselves. This offers the company complete control over the modules offered, as well as increased security for the data and files stored in the system. However, the cost of these types of ERP systems tends to be prohibitively expensive for new small businesses.
Want to Learn More About the Different Types of ERP Systems?
There are many different types of ERP systems available for businesses of all sizes today. What we covered above was only a fraction of the hundreds of solutions available to you. If you’d like to learn more about the best ERP systems on the market, or other business needs, then check out our blog for more articles like this one!