Enterprise resource planning (ERP) systems are getting increasingly popular among businesses of all sizes.
Don’t take my word for it. Statistics say the same. The global ERP market was valued at $39,340 million in 2019 and is forecast to reach $86,603 million by 2026, growing at a CAGR of 9.8% between 2020-2027.
And why not? ERP allows you to manage all your business functions within a centralized and integrated system. It also helps automate tedious processes, improving productivity and minimizing manual errors.
However, with so many options, it can be difficult to choose the right ERP system for your business.
To make things easier for you, we have created this comprehensive guide comparing all the leading ERP systems in the market. So without further ado, let’s get started!
ePROMIS vs. Oracle Fusion vs. Oracle Netsuite vs. SAP S4HANA vs. Microsoft Dynamics 365: An Overview
Each ERP system in this list is unique and offers many features. Choose the one that suits them best to your business’s requirements and budget.
Beginning with the most popular and robust ERP system, ePROMIS. Established in 1981, ePROMIS has over a million users around the globe. The best part about ePROMIS ERP/ePROMIS FutureGen Enterprise Cloud is that it is engineered to help you follow the industry best practices.
From financial management to data security, ePROMIS follows all the global rules. In addition, its flexible deployment allows you to choose the solution based on your current requirements and expand as and when required. This helps save money and ensures quicker implementation.
When it comes to Oracle Fusion, it is a complete, cloud-based ERP system that enables you to manage every aspect of your business, from financials and project management to risk management & compliance and supply chain monitoring. When transitioning to Oracle Fusion, you will be guided by a technology partner who will help you understand everything and get the most out of your investment.
NetSuite ERP is also owned by Oracle. Used by over 27,000 customers, NetSuite is an all-in-one cloud business management system that helps streamline business processes. It also allows your employees to focus more on value-adding tasks than repetitive, tedious ones. Its easy-to-customize dashboards, reports, and visual analytics provide you with an overview of business activity, enabling you to make more informed decisions.
SAP S/4HANA is an intelligent ERP system that uses artificial intelligence, machine learning, and advanced analytics to transform your business processes. It provides personalized insight to every employee in the context of their role, enabling them to make decisions quickly and immediately from anywhere. SAP S/4HANA also has built-in industry capabilities to prepare for forthcoming regulations and improve operational efficiency.
If you are a Microsoft user, Microsoft Dynamics 365 can help bring everyone together across Microsoft teams. From sales and marketing to finance and HR, Dynamics 365 helps automate repetitive tasks and boost productivity. You can also integrate Dynamics 365 with the systems and tools you use to extend the system’s capabilities and generate more value in less time.
Now that you have a brief idea about all the ERP systems we’re discussing today let’s compare them head-to-head in different aspects.
ePROMIS vs. Oracle Fusion vs. Oracle Netsuite vs. SAP S4HANA vs. Microsoft Dynamics 365: Features
Here are the major features and capabilities of various ERP systems.
ePROMIS ERP
- Global business management (multiple currencies, taxation rules, etc.)
- Finance management
- Inventory management
- HR & Payroll
- Revenue and expense management
- Payables and receivables
- Project management
- Transport/fleet management
- Warehouse management
- Quality management
- Order management
- Project billing and contracts
- Supplier management
- Supply chain management
- Quotes/estimates
- Billing & invoicing
- Scheduling
- Business intelligence
- Analytics
- Tax reporting
- Profitability and cost management
- Customer Relationship Management (CRM)
Oracle Fusion
- Revenue and expense management
- Payables and receivables
- Project management
- Resource management
- Analytics
- Project billing and contracts
- Supplier management
- Enterprise risk management workflows
- Profitability and cost management
- Tax reporting
- Supply chain planning
- Product lifecycle management
- Logistics and procurement
- Enterprise architecture and security
- KPI management
Oracle NetSuite
- Accounting software to provide you a complete view of financial performance
- Consolidated and individual transactions
- Global business management (multiple currencies, taxation rules, etc.)
- Automated inventory management
- Automated order management to prevent errors
- Supply chain management
- Warehouse management
SAP S/4HANA
- Asset management
- Finance management
- Real-time manufacturing management (resource capacity utilization, live MRP engine, etc.)
- Integrated service management
- Order and contract management
- Automated sourcing and contract management
- Transport management
- Warehouse management
Microsoft Dynamics 365
- Sales insights
- Integration with LinkedIn Sales Navigator
- Customer service dashboard
- Supply chain management
- Supply chain insights
- Intelligent order management
- Automated core financial processes
- Intelligent budgeting and forecasting
- Human resource management
While every ERP system in this list has all the necessary features, some go beyond that to help you maximize your ROI. For instance, the business intelligence feature in ePROMIS helps you better understand the data and make more informed decisions. It also allows you to create custom reports with the right KPIs so you can gain a bird’s-eye view of your operations.
ePROMIS vs. Oracle Fusion vs. Oracle Netsuite vs. SAP S4HANA vs. Microsoft Dynamics 365: Ease of Use
Every ERP has a slight learning curve. Depending on your vendor and the plan you choose, your ERP provider will offer training to help you get the most out of the tool.
Among all the ERPs in this list, ePROMIS is the easiest to use, thanks to its intuitive, customizable interface. ePROMIS has pre-built dashboards and reports to help you get a birds-eye view of your operations. You can generate necessary reports with ready-to-use formats and pre-defined metrics in a single click.
Moreover, the ePROMIS support team is always there to help you maximize your ROI. ePROMIS also has a Dedicated BI Engine for each of its customers to help customers design their own dashboards and reports
Oracle Fusion has a slightly higher learning curve. However, tons of videos and information on the internet make it easier to learn and use the product. You can also take help from your technology partner, who will be assisting you with ERP implementation.
When it comes to Oracle NetSuite, it has a further higher learning curve than Fusion. Being in the industry for so long, NetSuite understands the importance of training and education. It has a huge library of resources (how-to blogs, product demos, webinars, and more) to help you understand how the product works to use it efficiently.
SAP S/4HANA is easy to use and has lots of visuals (graphs, charts, bars, etc.), helping you understand the data better. Also, you can customize the dashboard as per your requirements to keep yourself updated with metrics that matter. Its intelligent automation further helps you make smarter decisions without the technical overheads.
The last one in our list, i.e., Microsoft Dynamics 365, also has an easy-to-use, intuitive interface, enabling you to boost productivity. So whether you want to understand customer behavior, capture customer sentiment, or build a resilient supply chain, everything is easy in Dynamics 365.
In conclusion, ePROMIS and Microsoft Dynamics 365 are the easiest-to-use ERP platforms. Plus, ePROMIS offers hands-on training to enable all your employees to use the system efficiently.
ePROMIS vs. Oracle Fusion vs. Oracle Netsuite vs. SAP S4HANA vs. Microsoft Dynamics 365: Plans and Pricing
Price plays a crucial factor in choosing the right ERP for your business. Since cloud-based ERP vendors charge a monthly/annual subscription fee, the prices can add up in the long run.
However, most ERP providers have not made their pricing public. That’s because ERP is customized as per your business’s unique requirements, ensuring you pay only for the features you will use.
As per the information available on different websites, ePROMIS seems to be the most cost-effective ERP based on the features it offers.
ePROMIS vs. Oracle Fusion vs. Oracle Netsuite vs. SAP S4HANA vs. Microsoft Dynamics 365: Pros & Cons
Every tool has some pros and cons. And it is crucial to know about them before you invest in the platform.
ePROMIS
ePROMIS Pros
- It has a dedicated human capital management solution that helps you improve employee experience and streamline the hiring process.
- The cloud and mobility solution helps you connect with the organization, access data, and share information in real-time.
- ePROMIS is the world’s first platform with a high-security posture, single tenancy approach for data processing, security, and storage.
- ePROMIS is also the world’s first enterprise platform vendor to provide 100% customizable report and dashboard capabilities.
- You can use the ePROMIS mobile app to access the system at any time and from anywhere.
- ePROMIS has implemented end-to-end encryption (encryption in transit and encryption at rest) to secure your information.
- The global integrations and partners of ePROMIS enable you to connect all your business tools together, thereby ensuring the proper flow of information within the organization.
- Free product updates to help you get access to the latest features.
- Highly scalable and flexible, owing to its flexible subscription licensing.
ePROMIS Cons
- Dashboard and smart reports require improvements.
- Data migration could be time-consuming at times.
Oracle Fusion
Oracle Fusion Pros
- It has very powerful budgeting tools that provide you with a birds-eye view of your finances, helping you boost your profit.
- Automating invoice processes can eliminate manual errors and improve accuracy.
- The mobility features of Oracle Fusion allow you to manage tasks and resources via mobile devices.
- The chat option in the system allows people to talk internally and solve issues instantly.
Oracle Fusion Cons
- It can be more user-friendly and easier to use.
- The inventory management module can be improved with more added options.
- It has limited integration options, making connecting all your business systems difficult.
- It has a higher learning curve, making it difficult to use it in the early stages.
Oracle NetSuite
Oracle NetSuite Pros
- Has all the features a small business needs. Plus, it is scalable, so you can add more features as and when required.
- Easy to integrate with third-party tools, enabling seamless data flow between the systems.
- The reports are very thorough, helping you understand the data better and use them to your advantage.
Oracle NetSuite Cons
- The implementation process could be extremely long, tiring, and frustrating.
- Many users have complained about unexpected error messages that require too much time to resolve.
- Some booking rules and system setups are designed only for US businesses.
- Even for minor customization, you will need an expert that comes with additional expenses.
- Getting quick and effective support can be challenging even if you purchase premium support.
SAP S/4HANA
SAP S/4HANA Pros
- SAP Business Technology Platform (BTP) allows you to run any custom code in the cloud to provide the best performance.
- Artificial intelligence features make running your business more effective.
- The built-in data models and in-memory speed helps collect and connect data from external data repositories.
- Financial reporting and cash management features are robust and provide you with a birds-eye view of your financial performance.
SAP S/4HANA Cons
- The primary focus of the ERP is in finance that limits capability in some areas.
- Integrating non-SAP tools can be a daunting process.
- It takes a lot of effort to learn how to use SAP S/4HANA effectively.
- There is scope for feature enrichments across different industry solutions.
Microsoft Dynamics 365
Microsoft Dynamics 365 Pros
- It has an easy-to-use, intuitive interface and does not require comprehensive training.
- The support team is knowledgeable and responds quickly to customer queries.
- The shared application data and marketing automation help align sales and marketing teams and provide a seamless experience.
- It integrates with almost every third-party tool, thereby extending the ERP’s capabilities.
Microsoft Dynamics 365 Cons
- Adding new details is quite irritating and time-consuming.
- The business intelligence option is not that robust.
- Entering mass information is not very easy.
- The user interface on mobile could be improved.
- Data storage limits are very low. You will likely need to buy more storage which can add to your total cost of ownership.
In conclusion, ePROMIS has more advantages than any other ERP in this list. Its business intelligence further enhances the ERP’s capabilities, enabling you to make smarter, data-backed decisions.
Which ERP System Should You Choose?
The right ERP system for your business depends on your company’s unique requirements and budget.
However, between ePROMIS, Oracle Fusion, Oracle Netsuite, SAP S/4HANA, and Microsoft Dynamics 365, the former outperforms everyone.
ePROMIS has more features, better customer support, lots of integration options, and cost-effectiveness. Plus, the artificial intelligence and machine learning options help you get the most out of the data you collect.
How Does ePROMIS ERP Stand Out In The Crowd?
Even though Oracle Fusion, NetSuite, SAP S/4HANA, Microsoft Dynamics 365 are great ERP systems, ePROMIS outperforms them in many ways. Some of the best capabilities of ePROMIS ERP are mentioned below.
1- Industry Best Practices
Irrespective of the industry you are in, ePROMIS has a unique solution for you. ePROMIS ERP has all the industry-specific features that can help you stay ahead of your competitors and get the most out of your investment.
For instance, ePROMIS has ERP for automotive, banking & financial services, chemicals, construction, distribution, energy, equipment, facilities management, healthcare, hospitality, industrial manufacturing, real estate, retail, and more.
Each ERP follows the necessary regulations of all the countries, helping you manage your business without any hassle.
2- Personalized Solution
What makes ePROMIS better than its competitors is its personalized solutions. No matter how complex your requirements are, ePROMIS can customize them for you.
Being in the business for more than three decades, ePROMIS has the technology and industry experts who work together to provide you with the best possible solution for your company.
In fact, the ePROMIS team ensures that all your expectations are being met with utmost precision. They will also stay in touch with you to help you understand how everything works and how your employees can make the most out of the solution.
3- Robust Security and Backup
No matter the size of your business or the industry you are in, cybersecurity is important. And ePROMIS understands how crucial it is for your organization.
ePROMIS has implemented more than 40+ security measures to protect your data from cybercriminals. It includes end-to-end encryption, encryption in transit, and encryption at rest.
The dedicated object storage further enhances your data security as everything is stored on a different server. Moreover, ePROMIS releases regular security updates to protect you from the most recent malware and ransomware.
4- Advanced Business Intelligence
Someone rightly said, “data is the new oil.”
With actionable, accurate data, you can make smarter decisions to grow your business and stay ahead of your competitors. ePROMIS’s business intelligence saves time while analyzing data with a pre-built dashboard and reports in real-time.
You can even customize the report to suit the current business situation and quantify the data into a visual representation. Since ePROMIS integrates with all of your business tools, you can reduce redundancy and improve productivity.
ePROMIS business intelligence also helps understand customer behavior and identify patterns in real-time. This enables you to analyze inefficiencies and increase profitability.
If you have business in multiple locations, the multi-location data feature in ePROMIS can help you gain a comprehensive view of your performance, issues, and reports across different locations without duplication.
5- Global Platform
Unlike most ERP systems, ePROMIS has implemented a globalization concept. This means it is responsive to even the most complex regulations, so you won’t have to worry about compliance issues. From finance to data regulation, ePROMIS ensures that you meet every local, national, and international law.
So, no matter how big your company is or the number of countries you operate in, ePROMIS can handle every compliance issue for you.
If you have not yet invested in an ERP system, it’s time to do it now. Do you have any questions or concerns? Let us know in the comment section, and we will address them ASAP!
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