Industrial ERP software is one of many ERP tools that meet numerous industry needs, from accounting and manufacturing to project management and more. However, our analysts have compiled a list of the best industrial ERP software in the market.

Compare Top ERP Software Leaders

This article will highlight the best industrial ERP programs in the market and their top modules, benefits and limitations. We’ll also cover how to find the best solution that matches your company’s objectives.

Best Industrial ERP Software

This best-of list, though not exhaustive, will give you a detailed view of each leading industrial ERP platform. You’ll learn about each system’s top features, benefits and limitations.

SAP S/4HANA

This system utilizes AI and machine learning to streamline business workflows, meet industry-specific requirements and help you make better company choices. It monitors assembly operations, manufacturing engineering, quality management, finances and more.

An example of SAP S/4HANA’s procurement solution.

Highest Rated Features According to Our Data

• Procurement — 100
• Inventory Management — 100
• Supply Chain Management (SCM) — 100
• Analytics and Reporting — 99
• Finance and Accounting — 99

Top Benefits

• Automate Business Operations: Allow this system to automate numerous operations with AI and robot process automation tools. These modules do the heavy lifting while you focus on ideal improvement areas and other critical tasks.
• Revitalize Company Objectives: Craft customized products to align with industry needs and best practices to refresh your business goals and models with ease. You can also provide clients with subscription-based billing to upgrade how you manage consumers.
• Centralize Information: Use the in-memory computing interface to store all data in one unified database to avoid misplacement or loss of items. This centralization also allows for simultaneous analyses to gather trends from large data quantities.
• Obtain a Centralized General Ledger: Supervise one journal for all financial and bookkeeping information instead of accessing disparate systems. You can also govern customer credit scores for better clarity.
• Increase Department Collaboration: Share engineering files, BOMs, design change documents and more between manufacturing, research and development teams for better collaboration. This centralized department sharing also enhances an efficient manufacturing engineering atmosphere for increased productivity.

Primary Features

• Procurement: Draft purchase orders automatically according to stock levels and inventory replenishment formulas. Handle approval routing tools to determine which purchase requests need approval, allocate ideal requests and update transactions automatically.
• Inventory Management: Change inventory levels according to new, damaged or shrinking products, marketing giveaways and other attributes. Implement kitting and disassembly to build, stock, deliver or dismantle kits.
• SCM: Govern tower dashboards with estimated risks, notifications, average late days, calendar views and more. Conduct intelligent exception clustering for everyday analyses, rankings, prioritizations and impact insights.
• Analytics and Reporting: Generate tailored reports based on operational and company requirements. Produce financial management reports and access them anywhere.
• Finance and Accounting: Build budgets with estimates against companies, cost centers, fiscal years and more information. Automatically enforce credit limits for order entries and invoicing.

Limitations

• Has long implementation cycles.
• Only a handful of modules have embedded analytics.

Features Not Fully Supported According to Our Data

• Warehouse Management— Not Supported
• Project Management — Supported with Partner Integrations
• Customer Relationship Management (CRM) — Not Supported
• Inventory — Not Supported
• HR Management— Supported with Additional Modules

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Dynamics 365 ERP

This industrial ERP software offers a full suite of applications to help users run their businesses and strengthen outcomes with AI analytics. Use a 360-degree view of all organizational protocols and share information across numerous company sectors. It offers cloud and on-premise deployments and serves medium and large businesses.

An example of Dynamics 365 ERP’s financial module.

Highest Rated Features According to Our Data

• Analytics and Reporting — 97
• CRM — 99
• Finance and Accounting — 99
• Inventory Management — 100
• Project Management — 99

Top Benefits

• Improve Communication: Boost responses for coworker meetings, emails and customer collaboration efforts to increase communication. You also keep everyone on the same page regarding process changes.
• Consolidate Information: Merge this system with LinkedIn Sales Navigator to centralize operations and information. This integration acts as a database to gather vital details and boost department relationships.
• Simplify Operations: Access SharePoint, Outlook, Excel and other applications to streamline processes and forecasting. Access augmented predictive estimating for improved predictions and better decision-making.
• Enhance Awareness: Review suggested talking points and exhibit how clients read emails. These recommendations help you boost response times.
• Maintain Client Data: Implement interactive, organizational graphs and charts to display and track customer relationships. This view enables you to assess clients and add new ones accordingly.

Primary Features

• Analytics and Reporting: Export reports into numerous formats, including PDF, CSV, XLS and more. Customize role-based reporting to meet all necessities. Share these reports with the right people.
• CRM: Gain a customer self-service portal to provide clients with comprehensive account data, support cases and the latest updates. Implement product management to establish product catalogs with appropriate listings and prices.
• Finance and Accounting: Review complete financial accounts and transactions within your general ledger. Supervise invoice tax calculations for several types, such as recoverable, nonrecoverable, inclusive, exclusive and withholding.
• Inventory Management: Define minimum and maximum order quantities, reorder points, seasonality and more to calculate accurate replenishment. Perform return approvals, pickups and transportation operations.
• Project Management: Set up and describe project scopes, processes, historical information, risks, assumptions and more. Craft project estimates, such as task resourcing units, start dates, quantities, time scales, end dates and more.

Limitations

• Sluggish navigation.
• CRM dashboard has a confusing interface.
• Outlook connections are difficult to manage.

Features Not Fully Supported According to Our Data

• Manufacturing — Not Supported
• Asset Management — Supported with Partner Integrations
• HR Management — Supported with Partner Integrations
• Warehouse Management — Supported with Partner Integrations
• Supply Chain Management — Not Supported

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Oracle Fusion Cloud

This cloud-based industrial ERP software offers numerous modules for risk management, CRM, HR, project management and more. It can merge with other Oracle programs and serves mid-sized and large companies.

A preview of Oracle Fusion Cloud’s invoices tool.

Highest Rated Features According to Our Data

• HR Management — 100
• Project Management — 100
• Inventory Management — 99
• Analytics and Reporting — 99
• CRM — 99

Top Benefits

• Obtain In-depth Analyses: Gain thorough examinations by merging separate data clusters into one central location to avoid incorrect outcomes. Use multi-dimensional reports to simplify patterns and make better choices.
• Save Money: Leverage pre-set blockchain tools to cut out mediators, strengthen speed and diminish fees. These reductions save money on all fronts and increase productivity.
• Expedite Operations: Use IoT to broaden workflows throughout customer service, HR and other sectors to increase efficiency and centralization. Review and execute resolutions to dwindle bottlenecks wherever possible.
• Make Better Choices: Handle the AI and machine learning tools to review operations and help you make better decisions for enhanced results. Automation also boosts productivity in other areas.
• Create Better Forecasts: Develop contracts and acknowledge vital benchmarks for effective revenue vs. parameter comparisons to increase accuracy. You can also garner assets and liabilities to make pre-determined requirements.

Primary Features

• HR Management: Govern employee absence plans by integrating numerous PTO, holiday, sick, maternity, disability and other leave types. Store employee connections and profiles into one centralized database with accomplishments, skills, certifications and more.
• Project Management: Allow internal and external users to collaborate through group, voice, video, file sharing and more. Distribute resources according to skillset matching, scheduling, workload and other factors.
• Inventory Management: Block and make stocks available for specific timeframes. Some reservation benchmarks include dates, movement types, plants, order numbers, material details and more.
• Analytics and Reporting: Draft and print procurement reports from scratch or access them hassle-free. Generate or obtain sales, service, project, warehouse management and other documentation.
• CRM: Conduct text message scheduling per customer time zones and gauge performance based on which templates received the most responses from target bases. Receive suggestions based on particular upselling management and buying patterns.

Limitations

• Response times are lengthy.
• Not compatible with Google Chrome browsers.
• Scaling performance is challenging and time-consuming.

Features Not Fully Supported According to Our Data

• Warehouse Management — Not Supported
• Procurement — Not Supported
• Service Management — Supported with Additional Modules
• Supply Chain Management — Supported with Partner Integrations
• Order Management — Not Supported

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Priority ERP

Priority ERP is a cloud-based and on-premise system that caters to manufacturing and business practices. It supports all business sizes and some popular features include CRM, finance and accounting, HR management and more.

A preview of Priority ERP’s invoices feature. Source

Highest Rated Features According to Our Data

• CRM — 96
• Analytics and Reporting — 94
• Inventory Management — 90
• HR Management — 89
• Finance and Accounting— 84

Top Benefits

• Centralize Estimates: Create quotes or orders from single parts that belong to numerous products for better estimates and time reduction. Prepare sales orders by hand or automatically based on quotes or blanket orders.
• Enhance Customer Retention: Access several price lists and apply discounts for all customers or specific ones to boost satisfaction. These discounts can also serve as incentives for new customers.
• Increase Campaign Analyses: Establish and review campaign performance to make better choices when acquiring leads and opportunities. You can also leverage two-way syncing for Outlook and Google calendars to stay on top of campaign events and deadlines.
• Establish and Adjust Inventory Quantities: Superintend stock parameters, such as safety stock levels, received and shipped good order tolerance, lead times and more to accurately plan materials and initiate effective replenishment tactics. You can also chronicle and plan for non-inventory items.
• Boost Budget Management: Construct and edit several budgets as needed to meet company goals to stay vigilant of finances. You can also manage sales, purchases and more according to their specific branches.

Primary Features

• CRM: Create profile accounts to add company and business unit information. You can also access associated contacts, tickets, notes, billing information and other details.
• Analytics and Reporting: Craft or access custom, financial management, HR, financial management, EHS and other reports in one hub. You can also create custom dashboards to gauge critical data.
• Inventory Management: Use inventory values according to standard, specific, FIFO, costing methods and more. Classify inventory materials as new, damaged, marketing giveaways, shrinkage and more.
• HR Management: Obtain HR support for global employees and organizations with localizations and payroll compliances. Use multi-jurisdiction taxes, benefits, deductions and more.
• Finance and Accounting: Perform account balance reconciliations with bank statements with cash accounts, currencies, reference numbers, beginning balance and other tools. Compute tangible asset depreciation and intangible asset amortization in one system.

Limitations

• Customizations are too heavy.
• Poor interface.

Features Not Fully Supported According to Our Data

• Asset Management — Not Supported
• Order Management — Not Supported
• Supply Chain Management — Supported with Partner Integrations
• Warehouse Management — Not Supported
• Service Management — Not Supported

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Acumatica

This cloud and on-premise industrial ERP system centralizes transactions and displays real-time financial statuses. It serves all business sizes and offers configurations for distribution, manufacturing, POS, eCommerce and other industries.

An example of Acumatica’s interface. Source

Highest Rated Features According to Our Data

• Inventory Management — 100
• Analytics and Reporting — 98
• Service Management — 98
• Finance and Accounting — 88
• Project Management — 87

Top Benefits

• Monitor Numerous Worksites: Review segmented or centralized accounts across several locations and entities for a broader operational perspective on productivity and revenue. Use this detailed data to make more informed choices.
• Maintain Taxes: Adhere to all tax guidelines and calculate your use, sales, withholding and other taxes to simplify the filing process. You also ensure that the IRS and your state government get their share of earned revenue.
• Manage International Partners: Pay international clients and partners appropriately with multi-currency tools. Working with different currencies saves time and boosts overseas business satisfaction.
• Consolidate Information: Obtain customizable dashboards and real-time visibility for workflows to catch communication errors and obstacles. This real-time transparency allows you to rectify mistakes before they become major problems.
• Boost Efficiency: Implement several automated capabilities, from tax filing reports to calculating realized gains and losses and more. Automating repetitive tasks allows you to focus on more client-facing and forecasting duties.

Primary Features

• Inventory Management: Refund to original payment sources, store credit, gift cards and more. Initiate approval, pickup and transportation protocols for returns in real time.
• Analytics and Reporting: Develop or access standard dashboards and reports to gauge KPIs. Develop customizable reports to fit your unique business needs.
• Service Management: Utilize help desk, ticket management, service desk, call logging, complaints handling and other call center management tools. Draft invoices according to estimates, actuals and group bills by service orders, timeframes or customer purchase orders.
• Finance and Accounting: Unify costs from several projects into one report or enter them on a project-by-project basis. Maintain IFRS 16 and ASC 842 accounting regulations across full leased asset lifecycles.
• Project Management: Allocate activities to project tasks. You can also merge and split duties and define requirements with in-depth explanations. Track project milestones for completions, delivered materials, work-performed payments and more.

Limitations

• Buggy interface.
• Lengthy implementation process.
• Offers a third-party support partner.

Features Not Fully Supported According to Our Data

• Asset Management — Not Supported
• Procurement — Not Supported
• HR Management — Not Supported
• Supply Chain Management — Supported with Partner Integrations
• Warehouse Management — Supported with Partner Integrations

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How We Choose Products

Our team of writers and analysts at SelectHub is committed to giving you the best recommendations based on our data. To make our list, products had to meet two criteria:

1. Closely match the topic
2. Earn a top-5 analyst score in our selection platform

Our analyst scores are based on an in-depth research process using primary and secondary sources. This includes SelectHub Analyst Briefings, direct communication with vendors, and reviewing materials such as user reviews, product brochures, specification sheets, case studies, user manuals, and technical documentation.

Our platform’s Scoring Engine processes the research and computes the analyst score. The score also factors in platform settings such as industry and company size.

Learn more about our research methodology and editorial standards

How To Choose the Right Software

Choosing the best ERP for your company requires research, internal collaboration and patience. We’ve developed a nine-step methodology to streamline the software selection journey from start to finish. Lean Selection can help you find the right ERP for any business size or industry. Let’s review the steps:

1. Establish: Take an internal survey of why you need new software.
2. Collaborate: Assemble an internal team of stakeholders, department heads, end users, IT staff and more for internal communications.
3. Define: Meet with your software selection committee from the previous step to establish a necessary software requirements list.
4. Distribute: Review potential vendors and shortlist based on how well they align with your requirements.
5. Justify: Determine whether you need new software, additional modules for your existing software or to stop the selection process.
6. Prove: Ask your shortlisted vendors for demos, use cases and more for complete feature demonstrations.
7. Rank: Score and organize vendors according to their TCO and demo scores. You should have at least two to three solutions that could meet your company’s needs.
8. Negotiate: Compromise and review your top software provider’s contract. Seek additional legal help if necessary.
9. Sign: Evaluate and sign with your top vendor. Establish an implementation plan.

You can also take time to read customer reviews online, ask colleagues about top systems and more to get a better sense of what you’re looking for in a new system.

Compare Top ERP Software Leaders

Next Steps

Finding the best industrial ERP software has its challenges. However, we hope this article helped you understand what solutions exist, how they can streamline your processes and how to pick the right system for your company.

It’s best to find the system that meets your organization’s goals because every company is unique. Ready to take the next step? Review our free comparison report to see more leading solutions for side-by-side analyses.

What problems do you wish to solve with industrial ERP? What requirements are you looking for in an ideal system? Let us know in the comments.