Before we list out the top ERP systems for large organizations, let’s first touch on how we define a large organization. The line we use that defines a larger organization is whether the company has a billion dollars in revenue or a thousand employees. Of course, all businesses have their edge, but at this scale, these larger companies have unique needs, different types of complexities, and scalability factors that need a different eye when beginning an ERP implementation or general digital transformation journey.
Our methodology behind dialing in on this top 5 list is based on a number of different factors. These factors include:
- Our own, hands-on experience in ERP implementation for our clients
- Our in-depth evaluation of these systems as part of our ERP selection consulting efforts for clients
- Research through our unique database that tracks different ERP functionalities and capabilities of different systems in comparison to one another
There are many options that large companies have when choosing accounting software or ERP systems to automate their operations. With so many different alternatives, choosing the best fit can be a bit overwhelming. As you start to think about your digital transformation, consider these 5 ERP systems as prospects to add on your shortlist to explore further.
A lot of people think of Workday as solely a human capital management (HCM) solution. However, over the years, Workday has also expanded into financials, and they’re now providing great functionality and capability in the financial space. A lot of larger organizations are finding that the financial capabilities combined with its HCM capabilities make Workday a good ERP solution.
Another strength of Workday is not only its market share and its position in the market but also the fact that it’s a native cloud solution. The fact that Workday started out as a cloud solution gives it a leg up in the industry with the level of maturity and overall capability within the system, specifically in the cloud-computing space.
If your organization is heavy in project management or government contracting in aerospace and defense, you probably have heard of this ERP system. Its functionalities speak to that sector well, but it is also applicable and efficient for other industries. A lot of larger companies benefit from the capabilities of Deltek because of its premium functionalities in project management.
3. SAP S/4HANA
This is a very popular ERP System, and for a good reason. The reason it’s only number 3 on our list is due to the fact that although it is still a great solution for larger organizations, there’s a certain amount of maturity that’s lacking. For example, the R3 and ECC on the SAP side were a lot more mature and more established with more robust capabilities than S/4Hana, and that is solely because of the migration that the company is making from on-premise to cloud-based offerings.
With that said, SAP has the strength, competency, and scalability to support larger organizations. They have a refreshing portfolio of functionalities to meet the needs of diverse organizations, product lines, and customers. It’s also reassuring to see global, Fortune 500 companies utilizing the software effectively, which speaks to their long-standing track record as a premier ERP software.
2. Microsoft Dynamics 365
About 10 years ago, Microsoft D365 was created with a focus on building out a fresh new look at capability, flexibility, and scalability that has allowed the software to support the needs of complex, global organizations. Out of all the great things Microsoft D365 has to offer, the biggest strength is its flexibility. If we look at the ability to change the software to manage and change workflows, you will see that this software is very easy to form fit the needs of each organization, allowing for maximum functionality and optimization at go-live. At the end of the day, Microsoft has a nice combination of scalability and standard types of workflows for it to help you with your organization.
1. Oracle ERP Cloud
Oracle is another vendor that has focused primarily on larger, global, and more complex organizations since their inception. Oracle Cloud ERP, specifically, has been excelling against other competitors due to its flexibility and capabilities in comparison to other similar ERP systems. It is very similar to Microsoft D365, however, it is more powerful and has more diverse functionalities that can adapt to each unique organization’s needs. Even without the available customizations, this software provides certain standard workflows, capabilities, and functionalities that a lot of larger organization’s need to drive efficiency, harmonization, and standardization throughout their enterprises.
If you would like a more in-depth product comparison, or would like a guidance as you dial in the right solution for your organization, feel free to contact us. Our team is happy to be an informal sounding board as you navigate the details of your digital transformation.