Running a business involves more than just selling products or services to customers. It involves managing finances and employees, tracking inventory, handling procurement and overseeing product and supply chain management among various other tasks. To ensure smooth operations, there are numerous processes that businesses need to take care of. This is where Enterprise Resource Planning software comes into play. This useful software integrates major business functions into a single platform. It allows organizations to manage their operations smoothly. It also reduces manual tasks and allows businesses to make well informed decisions.
In Indian market, there are various ERP solutions available. So, selecting right one can be quite challenging. In this blog, we will discuss top 10 ERP software in India. We will shed a light on their features to help businesses understand their choices and choose the ERP software that best meets their needs.
ERP full form is Enterprise Resource Planning, which is basically a business management software. It helps organizations to connect as well as manage their core business processes. This includes finance, supply chain, manufacturing, human resources, procurement, project management and other important functions of the business. An ERP system brings all these different functions together on one single platform and reduces the need to depend on separate tools and maintain duplicate records.
An ERP enterprise resource software creates a shared source of information and allows teams to work with the same business data across the entire organization. Because of this software, everything is connected in one single system. Therefore, businesses can manage transactions, automate routine workflows, make decisions using up-to-date information and monitor performance a lot more easily.
ERP also helps reduce manual work to a great extent and makes it easier for teams to respond quickly when business needs or market conditions change. To put it simply, ERP brings different parts of a business together so they can work from the same data on the same system in a much more organized way.
The purpose of ERP software can be understood quite easily once you go through all the points we have discussed below:-
Centralization and Integration of Numerous Processes:- One of the main purposes of the ERP system is to centralize and integrate business processes.
To Promote Automation of Repetitive Tasks:- It handles invoicing, payroll and other repetitive tasks without requiring manual data entry.
To Improve Decision Making:- By providing access to real-time data, this system improves decision making for the organisations.
Single Source of Truth for Entire Organisation:- For the entire organisation, the enterprise resource planning software serves as a single source of truth. It does this by replacing scattered spreadsheets across different teams/units within the organisation.
Improvement in Cash Flow Management:- It allows organisations to improve their cash flow management as well as financial visibility.
Here are some prominent benefits of ERP software system:-
Below, we’ve discussed each one of these benefits in more detail:-
Offers Enhanced Safety & Security:- ERP systems offer a safe and secure way to organisations for managing their core business data as well as daily business operations.
One Platform for Various Functions:- It serves as a single platform for various business functions. As a result, it eliminates the need to download various tools and apps for managing different business functions to a great extent.
Easy Access to Business Information:- Because of ERP, the company information is available at a single place easily. Therefore, there is no need to look through separate files.
Better Coordination Between Departments:- It connects various departments into one single database and allows for better coordination.
Reduced Manual Work & Errors:- It reduces manual work and man-made errors by automating routine businesses tasks like data entry, invoicing and inventory management among others.
Access to Real-Time Business Data:- The software provides real-time/live information pertaining to sales, stock and funds. Therefore, there is no need for managers to wait for weekly reports to check business performance and results.
The top 10 ERP software companies in India and their features are explained below, one by one. Depending on the business needs, the organisations can choose the most ideal one.
|
Rank by Author |
ERP Software |
Features |
|
1. |
SAP India |
One of the systems for finance, inventory, HR, manufacturing and GST support. |
|
2. |
Oracle NetSuite |
Allows for finance, inventory, sales and customer management. |
|
3. |
TallyPrime |
Helps businesses in functions like accounting, inventory, GST and payroll. |
|
4. |
Microsoft Dynamics 365 |
Offers finance, inventory, projects and AI tools. |
|
5. |
Zoho One |
CRM, sales, accounting, inventory and marketing. |
|
6. |
Infor CloudSuite |
Finance, orders, supply chain and HR management. |
|
7. |
ERPNext |
Free ERP software for accounting, inventory and manufacturing purposes. |
|
8. |
Marg ERP |
Helps in billing, accounting, inventory and GST compliance. |
|
9. |
Ramco ERP |
Finance, payroll and manufacturing on the cloud. |
|
10. |
Epicor Kinetic (Formerly Epicor ERP) |
Assists businesses in manufacturing, distribution and supply chain management. |
SAP India ERP is one of the best ERP software in India. It is a popular ERP solution used by businesses to handle their everyday work in one, single place. It brings areas like finance, inventory, HR and manufacturing together so companies can manage everything more easily. The software also supports Indian tax requirements, including GST calculations as well as reporting.
Businesses can use SAP India ERP software to keep an eye on stock across different warehouses as well as sales channels. SAP also uses AI and modern technology so as to automate routine work and help businesses with their planning and forecasting.
Oracle NetSuite is a leading ERP software in India. It is a unified cloud based software that helps the businesses to manage their core operations in a single system. The software has several features and benefits. It helps in financial management by simplifying accounting, billing, revenue recognition and financial reporting.
The software also allows businesses to check stock levels, order fulfillment and warehousing in real time. With the help of the Oracle NetSuite, the businesses can manage customer data, sales automation, marketing and service with ease.
.png "Tally Solutions (TallyPrime)")
TallyPrime is one of the widely used ERP solutions in India especially when it comes to handling accounting and business finances. It makes everyday tasks such as recording transactions, managing ledgers and vouchers and preparing profit and loss statements and balance sheets much easier.
It also helps businesses keep track of their inventory, including stock quantities, batches and warehouse movements. On tax side, TallyPrime simplifies calculations and filing for GST, TDS and TCS. What’s more, the software also supports payroll by maintaining employee details and helping calculate salaries, wages, PF and ESI deductions of employees.
As the name suggests, Microsoft Dynamics 365 is owned by Microsoft. It is one of the top 10 ERP software in India. It is basically a cloud-based suite of enterprise resource planning as well as customer relationship management applications. With the help of Microsoft Dynamics 365, the businesses can manage finance, inventory and project management.
It is an ideal software for small to medium sized businesses. It works directly with Outlook, Teams and Excel. To automate tasks, forecast revenue and handle workflows, Microsoft Dynamics 365 makes sure of built-in artificial intelligence tools.
Another leading ERP software in our list of ERP software in India is Zoho One. It is owned by Zoho Corporation and has been developed to simplify as well as supercharge business operations. With Zoho One, businesses can manage their customers and sales quite easily by tracking leads, sales pipelines and customer relationships through tools such as Zoho CRM and Bigin. For finance and accounting, businesses can handle invoicing, billing, bookkeeping and inventory with the help of Zoho Books and Zoho Inventory.
The Zoho One Platform also supports marketing activities by allowing businesses to send email campaigns, manage social media and capture potential customers via Zoho Campaigns. All in all, Zoho One gives businesses a single platform where they can manage multiple areas of their operations without having to rely on separate software for every single task.
Infor CloudSuite is an ERP software developed by Infor, which is wholly owned by Koch Industries. This software is one of the top 10 enterprise resource planning software in India. It has several features. It runs securely on Amazon Web Services. Infor CloudSuite is quite useful when it comes to handling finance, orders and daily business tasks.
It also has built-in tools for supply chains, warehouses, human resources and product planning. To automate tasks and forecast data, the Infor CloudSuite utilises artificial intelligence tools.
ERPNext is another ERP software in our list of top ERP software in India. It is a free and open source integrated enterprise resource planning software rather than a paid one. It was developed by Indian software company Frappe Technologies Pvt. Ltd. ERPNext is an ideal free erp software for small business in India.
It allows businesses to manage their main operations like accounting, inventory and manufacturing. Using this software, businesses can manage cash flow, financial reports and ledgers. In addition, it allows them to plan their production, track their material consumption and even handle work orders.
Marg ERP is one of the top 10 ERP systems in India. It is ideal for small and medium sized businesses. It allows them to manage tasks like billing, inventory tracking and accounting easily. Marg ERP is a paid commercial software. However, it offers a limited free trial and free demo test to users.
With the help of this software, businesses can quickly generate GST-compliant invoices, handle e-invoices and e-way bills. Another advantage of this software is that it helps in direct tax return filing.
Ramco ERP was developed by Ramco Systems, which is one of the leading global enterprise software companies. It is a cloud-based ERP solution that brings key business functions such as finance, payroll and manufacturing together on one single platform. What makes this ERP system stand out is its single codebase design, which helps different functions work together pretty smoothly.
Being cloud-based, this ERP tool also reduces the need for costly hardware while its artificial intelligence powered features can automate routine tasks as well as support better business decisions. These features make Ramco ERP a strong choice for businesses looking for a modern and flexible ERP solution in India.
.png "Epicor Kinetic (Formerly Epicor ERP)")
Epicor ERP now known as Epicor Kinetic is the final ERP software on our list of top ERP software companies in India but being last certainly does not make it the least important. It is a strong ERP solution especially for mid sized businesses working in manufacturing, distribution and supply chain management. What makes Epicor Kinetic different is its focus on businesses with more complex production needs, including discrete, mixed mode and engineer-to-order manufacturing.
This makes it a good fit for industries such as metal fabrication, industrial machinery and other businesses that build products based on specific customer requirements. Epicor Kinetic is a practical choice for manufacturers looking for an ERP system that can handle complex operations while keeping everyday business processes more organized and connected.
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The top 10 ERP software in India are: 1. SAP India, 2. Oracle NetSuite, 3. Tally Solutions (TallyPrime), 4. Microsoft Dynamics 365, 5. Zoho One, 6. Infor CloudSuite, 7. ERPNext, 8. Marg ERP, 9. Ramco ERP Software and 10. Epicor ERP. Millions of businesses in India actively use the ERP systems to manage as well as streamline their business operations. The most suitable option for an organisation depends on several factors such as type of organisation, its size (small, medium or large), industry it belongs to, its budget and unique business needs.
Q1. What are the top 10 ERP software in India?
A. According to the author, the top 10 ERP software in India are as follows: 1. SAP India, 2. Oracle NetSuite, 3. Tally Solutions (TallyPrime), 4. Microsoft Dynamics 365, 5. Zoho One, 6. Infor CloudSuite, 7. ERPNext, 8. Marg ERP, 9. Ramco ERP Software and 10. Epicor ERP.
Q2. Is TallyPrime free for commercial business use?
A. No. It is not free for regular commercial business use.
Q3. Who owns Ramco Systems?
A. Chennai-based Ramco Group owns the Ramco Systems.
Q4. Who owns Epicor ERP?
A. Private equity firms Clayton, Dubilier & Rice (CD&R) and CVC Capital Partners own Epicor ERP system.
Q5. Is ERPNext a free ERP software?
A. Yes. It is a free, open-source ERP software. Therefore, you do not need to pay any fee for using it.
Q6. Who owns ERPNext?
A. Indian software company Frappe Technologies Pvt. Ltd owns ERPNext.
Q7. Does Marg ERP offer a free trial period?
A. Yes. It does offer a free trial period, which is usually for 7 days.
Q8. What is ERP full form in software?
A. ERP full form in software is Enterprise Resource Planning.
Q9. Which ERP is the most used ERP in world?
A. SAP ERP is widely regarded as the most used ERP system in the world. It is used by millions of companies in 180+ countries. It is an ideal ERP system for large enterprises.
Q10. What are examples of ERP software?
A. Examples of ERP software include SAP S/4HANA, Oracle Cloud ERP, Marg ERP, Infor CloudSuite, Tally Prime and Zoho One.
Q11. How does an ERP software help in reducing manual work?
A. It reduces manual work by centralising data and automating repetitive, daily-occurring tasks across different teams/units of the organisation.
Q12. Which enterprise resource planning software is ideal for MSMEs?
A. It all depends on the unique needs of the MSMEs. However, some popular options include ERPNext, Zoho ERP and ERP Drive.
Q13. What are the cheapest ERP software India?
A. The cheapest ERP software in India include Vyapar, Tally Prime, Marg ERP and OEMup. Businesses can also use free, open source ERP ERPNext software.
Sunny Goel is a Chartered Accountant (CA) and the Senior Finance & Regulatory Consultant at Registrationwala. He has expertise in accounting, taxation, finance, regulatory compliance, and insurance compliance. He writes simple and easy-to-understand content to help businesses understand financial rules, tax laws, insurance regulations, compliance requirements, and other regulatory matters.
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