Cloud-Based ERP System For Small Business- Find The Best One

Are you wanting to start a business and looking for the best cloud-based ERP System For Small Businesses? Today the global market is flooded with different types of cloud-based ERP systems. Whether you run a big organization or a small one accuracy and smoothness in operation are something that everyone hopes for.

But it is tough to find out the best Cloud Based ERP System For Small Businesses. But don't worry we are here for you. According to Statista, the global cloud ERP market is rapidly growing and its huge.

The global cloud ERP market will be worth $40.5 billion by 2025.

Before investing in one you must pick the best one. we gather the top 10 cloud-based ERP software that help to find the best one according to your needs.

We will help to make your choice easy, so let's start fresh.
 

What Is ERP- A Simple Explanation 

ERP stands for enterprise resource planning. This means that it is a software that integrates all the business activities. 

It helps you to run your entire company's accounting, resource management, project management, financial, procurement, production, hrm related tasks properly.

It collects all the data from multiple sources, enabling data flow between them and storing transaction data. Because it is important to manage all business activities properly. 

These activities can be of various types such as a collection of various funds, product lists, inventory, production, accounting etc.

A cloud-based ERP system can make all these tasks easier. Just as hubs in networking link up multiple computers and devices, ERP systems act as hubs in business. It tracks all the data of your business while maintaining the comfort of the business.

The sales ERP system supports all functions including customization.ERP systems, or software, help companies report real-time data. Anyone can access this system remotely. The success of a company depends on its proper implementation.

What Is Cloud-Based ERP Software?

A cloud-based ERP system is more advanced than a normal ERP system. It has some premium features from the basic one. Its advanced features and flexibility make it essential in this digital age.

The best part of it is you can directly control it from anywhere, any place at no time. Where a normal basic business ERP system does have not this feature, so it is a limitation.

In this modern time, all organizations or companies always want fast smooth and error-free work. 

On the other hand, a customer always ask for 

• Top-notch service 
• Steamless customer support 
• Greater reliability and lower cost 

Not only that 

Nowadays they really need software that handles complex internal processes and also helps to manage business networks all over the world. That is really impossible without the help of a cloud-based business ERP system.

There are so many benefits to switching to the cloud-based ERP system for small businesses. let's discuss it through some points.

• To improve the total operation of the organization or the company .
• Software budget is always a scary thing for any organization. A cloud-based ERP system is cost friendly system for everyone 
• With modern cloud sales ERP, you can easily control standalone legacy applications, and standardize and integrate all existing and new applications.
• Always get the latest and continuous software updates so that always get smoother performance and maximum ROI.
• You have the chance to get real-time insights and improve customer service
• Modern technologies like AI, RPA and LoT synchronization with the cloud-based ERP system to get up-to-date status information.
• With this cloud-based system, you will get the best data security and data backup.
• Its installation process is much easier than the normal ERP system. Like consumer mobile apps, cloud ERP business applications are easily configurable.
• Scalability is important for any software. You can simply add additional power to data storage.

What Are The Different Types Of Cloud ERP?

Nowadays many companies use ERP systems and its increasing day by day. Depending on the deployment you must choose the types of ERP system.Basically, there are three types of cloud ERP systems in the market.

• Hybrid
• Open 
• closed

However, cloud-based ERP software is categorised in multiple ways.

• Multi-tenant SaaS

It's a single code-based system. It's competitively less costly than other cloud-based software. However, all the access has been maintained by the providers. A user doesn't have access to the data.

• Single-tenant SaaS

It is typically used by the larger organisation. One tenant receives a single code base of software and server services in a single-tenant SaaS.It's more controlled and user-friendly than a multi-tenet SaaS version. It helps organizations high degree of control over their data files.

• Public cloud

The public cloud is less costly than the private cloud but its have some security issues. It's less secure because its files are accessed publicly. When you use it in public make sure your data are encrypted.

• Private cloud

The user does not have to share their software in public because it is a private cloud-based ERP system. If you have an organization that has some serious sensitive data then a private cloud ERP system is the best choice.

• Hybrid cloud

A hybrid cloud ERP business system is a combination of private and public cloud. You have the option to choose where you store your data. If you want to find a more secure place to store data, you can easily put it in the private cloud. On the other hand, Non-emergency data files are put in the public cloud.

Is Cloud ERP Good For Small Business?

Closed-based ERP software is a game changer for the small business. Why are we saying that .lets explain it a little bit. On-premises software requires hardware and server maintenance. But with the help of a cloud-based system, you do not need to maintain the server or the hardware cost. Ultimately It will save you a lot of additional costs you can't imagine.

Cloud-based ERP systems break down the silos that exist between different departments. Cloud-based ERP system allows for better communication and coordination. Sales, finance, procurement, and customer service all have access to the same data, ensuring everyone is on the same page.

Top 12 Cloud-Based ERP System for Small Business

88% of organizations consider their ERP implementation a huge part of their success. So here we gather the top 10 cloud-based ERP system for small businesses.

1. Retailerspos - ERP Software & App

Retailersposis the best and top features management system for all types of business. It's an open-source ERP software.

This software beats all the competitors in every category in the market right now. You can add functionality and fully customizable for your requirements. Different types of business can be managed efficiently by, including-

• Marketing and Advertising 
• E-commerce
• Distribution
• Restaurant and Hospitality
• Pharmaceuticals etc.

 Let's look at some Splendid Features of Retailerspos

• Accounting management system
• Sales management system
• Dynamic dashboard 
• Advance sales management 
• Purchase management 
• Stock management 
• Delivery management system
• Account management system
• Reports management system 
• Product management 
• Human resource management 
• Service management system

Device supported 

• Windows
• Android
• iPhone/iPad
• Mac
• Web-based

Deployment

• Cloud Hosted
• Open API

Language 

English +10 more 

Pricing model 

• Monthly Payment

Customer type 

• Small 
• Large 
• Medium 

2. NetSuite ERP-Cloud-based ERP Solution 

Financial management to procurement, order, billing, product, and supply chain management cloud-based Netsuite is a good choice. It provides the entire organization from the top management to the key clerical staff a customisable view of key performance indicators and reports for their role.

Splendid Features of NetSuite ERP

• Accounting management system 
• Fixed asset management 
• Payment management
• Inventory management  
• warehouse management system 
• Purchase management system
• Billing management system
• Control management system 
• Manufacturing management 

Device supported 

• Windows
• Android
• iPhone/iPad
• Mac
• Web-based

Deployment

• Cloud Hosted
• Open API

Language 

English +10 more 

Pricing model 

• Monthly Payment
• Quote-based

Customer type 

• Small 
• Large 
• Medium 

3. Acumatica

Acumatica is a cloud-based ERP management system that helps and offers complete tools to smooth your business process.  

It offers a total suite of solutions that effectively facilitates multi-entity intercompany accounting, payroll, CRM, project accounting, financial management and more.

Let's check some of the features of it 

• Account management system 
• Purchase integration 
• Sales order management 
• Tax management 
• Barcode scanner management 
• Customer management 
• Financial management system
• Mobile Accessibility 
• Embedded CRM solution 

Devices Supported

• Android
• iPhone/iPad
• Web-based
• Deployment

Cloud Hosted

• On-Premise
• Language Support

Language 

• English &10 more 

Payment process 

• Annual Subscription
• Quote-based
• Customer Types

Business types 

• Small Business
• Large Enterprises
• Medium Business

4. Microsoft Dynamics 365

Microsoft Dynamics 365 is the most popular cloud ERP system. It is very powerful and flexible and has smooth performance. The world’s largest companies use this ERP software, including 

• Delta
• BMW
• Coca-Cola
• Adobe 
• UPS and many more.

Specially Small businesses can adopt Microsoft Dynamics 365 which is an ideal ERP solution. Besides, Microsoft offers their customer a six-month free subscription facility. 

Microsoft Dynamics 365 helps you handle your 

• Marketing
• Sales 
• Customer service 
• Operations 
• Human resources 
• Commerce 
• Accounts, and other activities easily.

Features of  Microsoft Dynamics 365

• Web API enhancements 
• Customer insights
• Activity sorting control
• Programmatic management of products
• Access permission system
• Customizable grid
• Cortana integration system
• Power BI
• Sitemap designer for apps
• Server-to-server authentication system

Best for

• Growing companies
• Large companies

Deployment

• Public cloud
• Private cloud

Industries

• Information Technology and Services
• Accounting

Market Segment

• 56% Mid-Market
• 25% Small-Business

5. Odoo

Level up your quality of work with Odoo cloud-based ERP system for small businesses. This software is optimized for maximum productivity and smooth performance for your organization. 

Oods aims one-stop solution for all kinds of businesses with its unique features. It consolidates all your processes in one place while maintaining a modular approach to each solution. 

Key features

• Billing and finance management
• Manufacturing management
• Production quality management
• Repairs management
• Customer relationship management 
• Human resources management
• Project planning and controlling
• Procurement and subcontractor management
• Contact management
• Equipment and fleet management
• Inventory management

Devices Supported

• Android
• iPhone/iPad
• Web-based
• Deployment

Deployment 

• Cloud Hosted
• On-Premise
• Open API

Language Support

• English & 10 more 

Pricing Model

• Monthly Payment
• Annual Subscription
• Customer Types

Customer types

• Small Business
• Large Enterprises
• Medium Business
• Freelancers

6. Finaye 

Finaye is a cloud-based ERP system for digital core banking software. Core banking software is crucial software for any bank sector. Its cloud-based software surrounds different types of banking operations. It ranges from retail and transaction banking to lending, treasury, and capital markets.

• Bank account management 
• Loan management 
• Transaction management system 
• Cash vault management 
• Risk management 
• cheque book management 
• Customer relationship management 
• Core banking system 
• Integrated security system 
• Inventory management system 
• Human resource management system 
• Crytoi banking solution 

Device supported 

• Windows
• Android
• iPhone/iPad
• Mac
• Web-based

Deployment

• Cloud Hosted
• Open API

Language 

• English +10 more 

Pricing model 

• Monthly Payment

Customer type 

• Small 
• Large 
• Medium 

7. Oracle Fusion Cloud ERP 

Oracle Fusion cloud ERP is a complete, modern, cloud ERP suite that provides your teams with advanced capabilities. This software ties all of the processes used within your enterprise together and houses them in one, easy-to-access system.

Key features

• Finance and Accounting
• Project portfolio management
• Procurement management
• Risk management
• Enterprise performance management
• Supply chain and manufacturing
• Analytics and Reporting

Device supported 

• Windows
• Android
• iPhone/iPad
• Mac
• Web-based

Deployment

• Cloud Hosted
• Open API

Language 

English +10 more 

Pricing model 

• Monthly Payment
• Quote-based

Customer type 

• Small 
• Large 
• Medium 

8. Rossum

Rossum is a cloud-based platform that is carefully maintained to provide businesses with a document management solution. This software basically AI-powered software. It serves as an all-in-one gateway that includes 

• Collect
• Process 
• Organize 

All types of transactional documents include 

• Purchase documents 
• Invoice management & more 

Feature of Rossum ERP system 

• Unified mail channels
• Single document gateway
• Intelligent document curation
• Audit trails
• Cognitive data capture
• Constantly improving AI engine
• Matching extracted data
• Instant transaction status updates
• Customizable using extension functions
• Ready-made integrations
• Analytics and Reporting
• Usage reporting dashboard
• Compliance with data security standards
• 24/7 support

Devices Supported

• Windows
• Linux
• Mac

Deployment

• Cloud Hosted
• Open API

Language Support

English & 7 more

Pricing Model

• Quote-based

Customer Types

• Large Enterprises
• Medium Business

9. SAP Business One

A single affordable ERP solution that can help you manage your entire company so easily. Althrough is a great solution for small businesses. They have more than 500 add-ons that help you to choose the right modules for you. It will help you to improve your overall software using experience and according to your business types.

Features

• Sales management system
• Financials management 
• Analytic system 
• The real-time reporting system
• Integration systems both Android and IOS
• Alert system
• Inventory management system
• Customer relationship management system
• Purchasing management 

Best for

• Growing companies
• Large companies
• Small companies 

Deployment

• Public cloud
• Private cloud

10. Tipalti

It is an award-winning billing and invoicing platform to simplifies the operation of payment processing. Trusted by more than 1000+ companies from many industries like gaming, e-commerce, healthcare etc.It has automated account payables of different businesses to more than four million suppliers across the globe.

Features 

• 100% secure payment
• Customer and vendor payment processing
• Online payment solutions for pay-out processing
• Payment risk management
• Order Management
• Planning and Scheduling
• Capacity Planning
• Supply Chain
• Production Control
• Manufacturing Operations Management
• Inventory Management
• Traceability
• Cost Control

Devices Supported

• Windows
• Linux
• Android
• iPhone/iPad
• Mac
• Web-based

Deployment

• Cloud Hosted

Language Support

English & 7 more 

Pricing Model

• Monthly Payment

Customer Types

• Small Business
• Large Enterprises
• Medium Business

11. Sage Intacct

Sage intacct is the best for small to medium-sized business companies or organizations. It's a monthly subscription-based and you can modify it according to your requirements.

It's a business solution that helps you manage your overall activities, including financial maintenance, stock management, and order management. Enterprise-grade security protocols secure your financial data, while a powerful analytics engine gives you meaningful reports to steer your company to growth.

Features

• Multidimensional data analysis
• Intuitive dashboard
• Revenue and billing processes
• Robust financial maintenance system
• Sales and purchase management system
• Integration system with Salesforce, ADP, and more
• Flexible modules
• Workforce management system

Devices Supported

• Windows
• Android
• iPhone/iPad
• Mac
• Web-based

Deployment

• Cloud Hosted

Language Support

• English

Pricing Model

• Quote-based

Customer Types

• Small Business
• Large Enterprises
• Medium Business
• Freelancers

12. SYSPRO ERP Software

Growth is a big part of any business. So if you want to maintain your business growth chart then try SYSPRO cloud-based ERP software. Their cloud  ERP Solutions offer many features, using the latest digitization technologies and advancements in automation. let's check out some of the features of syspro ERP software.

Features of SYSPRO ERP software

• Order Management
• Planning and Scheduling
• Capacity Planning
• Supply Chain management 
• Production Control management 
• Traceability management 
• Cost Control Management
• Manufacturing Operations Management
• Inventory Management
• Financial management system 

Customer Types

• Small Business
• Large Enterprises
• Medium Business

Deployment

• Cloud Hosted

Which ERP Is Best For Small Business

Your demands are the first priority in this regard

Well, there you have the list of the top 10 cloud-based ERP system for small businesses. So now you have the question which one I choose? The answer is simple. Pick the one which covers all the requirements for your company.

Or 

Business size is one of the most important terms Some ERP software is suitable for small businesses and some are appropriate for large and medium.

You should go for the desired one which contains all the which contains all features to maintain your business operations. In this sense, Retailerspos is the best cloud-based ERP system for small businesses.

Endnote 

Managing a business is a competitive task and an owner of the business needs to maintain overall activities. As a result, a cloud-based ERP system for small businesses is the only solution to simplify all the daily tasks. In addition, please make sure your selected  ERP software will also fit your current digital architecture, culture, and usage.

Remember one thing 

Every business is different and don’t assume that a popular ERP system will work for your organisation just because it's popular.