Enterprise resource planning (ERP) software was originally developed for large organizations to manage their entire operation from a single software console. During their early days, they required loads of on-site servers and lots of individualized software customization. Today’s ERP implementations, however, are mostly delivered as cloud services, which makes them not only accessible but even attractive to small to midsize businesses (SMBs). Largely for this audience, we’ve reviewed 10 enterprise-level general ledger accounting software solutions from vendors that are also able to extend their product suites to full ERP functionality.
These suites are designed in a modular fashion for the most part, which means you’re able to purchase only the features your company needs. The suites are also squarely aimed at the small to midsize enterprise (SME) market. Typically, we review products that are aimed either at SMBs or enterprise organizations. The SME designator is less an indication of size than of the complexity of the business.
To make an investment in ERP software worthwhile, a business should have a need for custom business processes, multinational commerce, fairly complex manufacturing, or complex supply chain requirements. That’s where SMEs become the better indicator rather than SMBs. A SME can still be roughly the same size as a high-end SMB (figure SMEs will typically grow between 100 and 1,000 employees), but it’s a business with enough complexity and high-end requirements that will make the move to ERP a good investment.