Key Takeaways:
- ERP system is a necessary tool for startups as it streamlines processes, centralizes data access, and helps with decision-making.
- When selecting an ERP system, consider these factors: specific business needs, scalability for future growth, cost-effectiveness, integration capabilities, and adaptability to evolving requirements.
- The top ERP solutions for startups in 2024 are NetSuite, Odoo, Microsoft Dynamics, Acumatica, Sage Intacct, Oracle ERP, TYASuite, and SYSPRO.
To be at the forefront of today’s competitive market, startups must harness the power of efficient Enterprise Resource Planning (ERP) systems. These tech solutions not only streamline internal processes but also synchronize various facets of operations.
In fact, a recent study by Sage Group revealed that startups who implement ERP systems within their first 2 years of operation see a 23% increase in revenue growth compared to those who don’t.
In this detailed blog, we have thoroughly analyzed the top 15 ERP systems for startups in 2024, evaluating their technical capabilities, user-friendliness, scalability, pricing structures, and key pros and cons.
Let’s get started!
What Is ERP Software?
Enterprise Resource Planning (ERP) software is a comprehensive business solution that intricately connects and consolidates various functions, such as accounting, human resources, inventory, and customer relationship management.
By centralizing these processes, ERP facilitates seamless data exchange across departments, promoting efficiency and aiding in well-informed decision-making.
Moreover, ERP for startups also helps enterprises with
- Enhanced scalability for future growth strategies.
- Optimized resource allocation and utilization.
- Improved regulatory compliance and risk management.
In summary, ERP software acts as the backbone of organizations, enabling collaboration, scalability, and agility in the rapidly evolving business landscape.
When exploring ERP for startups, prioritize customization to meet specific business needs. Choose the best ERP system that seamlessly integrates with existing workflows, ensuring a tailored solution that aligns perfectly with startup goals and operations for optimal efficiency and growth.
Why Are ERP For Startups Important?
For startups, selecting the best ERP system is very important. An effective ERP system seamlessly integrates and optimizes diverse functions such as finance, HR, and inventory management within a unified platform.
This not only boosts operational efficiency but also reduces errors– laying the foundation for a smoother workflow.
In summary, making a strategic investment in the best ERP system for startups helps you optimize operations, empower data-driven decisions, and facilitate agile growth in today’s competitive landscape.
Our selection of these ERP Software for Startup is based on thorough research and analysis. We have listed these softwares based on usability and satisfaction score that include features, ease of use, customer support, ratings, and number of reviews from SoftwareSuggest. Our goal is to help businesses select the right softwares that can help them optimize their business processes.
Best ERP Software for Startups in 2024
Here are the 15 best ERP systems for startups in 2024. Let’s examine their key technical and non-technical aspects to determine the most suitable one for your business.
| Software Name | Free Trail Period | Features |
|---|---|---|
| 14 days (with potential for extension) | Financial management, Global business management | |
| 30 days (cloud version) | Payroll management, Multi-entity & intercompany accounting | |
| N/A | Procurement management, Risk management and compliance | |
| Free and open-source software | Manufacturing management, CRM integration | |
| 14 days | Vendor management, Catalog management | |
| 30 days | Inventory Replenishment, Customizable reports | |
| 30 days | Product information management, Product formula control | |
| 30 days | Streamlined accounts receivable processes, Fixed asset tracking and deployment | |
| Demo available | Inventory optimization, Production planning | |
| Free trial availability varies based on specific product | Marketing automation, Business intelligence and analytics | |
| 30 days | Comprehensive reporting, Follow-up management | |
| Demo available | Purchase and sales management, Inventory and warehouse management | |
| Free Community Edition available | Manufacturing Automation, Professional Invoicing | |
| 14 days | Procurement and Purchase Order Management, Quality Control | |
| Demo available | User-wise access control, Exporting & Importing data(in Excel & PDF) |
1. NetSuite ERP
NetSuite ERP stands as a comprehensive cloud-based solution ideal for startups seeking efficient management. Its unified platform seamlessly integrates financials, inventory, and customer management, simplifying operations.
This ERP system for startups empowers with real-time analytics, aiding informed decision-making crucial for growth strategies. Also, offering scalability and accessibility, NetSuite stands as one of the best ERP for startups, catering to their evolving needs.
Last but not least, its user-friendly interface and adaptable architecture make it an optimal ERP system for startups, enabling them to navigate the complexities of the modern business landscape.
Features
- Accounting software
- Financial management
- Global business management
- Enterprise performance management
- Inventory management
- Order management
- Supply chain management
- Warehouse management
- NetSuite ERP streamlines startup operations with unified functionality.
- The cloud-based nature of NetSuite ensures accessibility and flexibility.
- Real-time analytics empower startups with data-driven decision-making capabilities.
- Implementation may require time and dedicated resources for startups.
- The cost of NetSuite ERP, though powerful, might challenge smaller startup budgets.
You May Also Read: What Is Enterprise Resource Planning (ERP)?
2. Acumatica
Acumatica ERP is a cloud-based solution tailored for startups, offering a scalable platform that integrates financials, inventory management, and CRM seamlessly. Its adaptable architecture and user-friendly interface facilitate swift implementation and customization, empowering startups to streamline operations effectively.
Besides, Acumatica’s accessibility and scalability provide startups with the flexibility needed to adapt to evolving business requirements, making it an ideal choice for growth-focused enterprises.
Features
- Financial management
- Project accounting
- Payroll management
- Multi-entity & intercompany accounting
- Reporting, dashboards, and data analysis toolkit
- Customer relationship management (CRM)
- Acumatica’s cloud ERP system allows easy access and scalability.
- Its adaptable architecture suits the evolving needs of startups.
- The user-friendly interface simplifies navigation and implementation.
- Initial setup and customization might require technical expertise.
- The pricing structure could be complex for certain startup budgets.
3. Oracle ERP
Oracle ERP offers startups with a comprehensive suite encompassing financials, supply chain, and project management functionalities. Designed for scalability, it aids startups in managing complex operations efficiently.
Additionally, its global capabilities and robust reporting tools equip startups for strategic decision-making.
Although initial setup might demand significant resources, Oracle ERP’s extensive functionalities make it an enticing option for startups eyeing global expansion and thorough business insights.
Features
- Financial management
- Project management
- Procurement management
- Risk management and compliance
- Enterprise performance management (EPM)
- Supply chain & manufacturing
- ERP analytics
- Oracle ERP provides robust functionalities for diverse business needs.
- Its global capabilities make it suitable for expanding startups.
- The reporting tools offer in-depth insights for strategic decision-making.
- Implementation may require considerable time and resources.
- The licensing and maintenance costs might be substantial for startups.
4. ERPNext
ERPNext, an open-source ERP system, caters to startups with accounting, CRM, inventory, and project management features. Its customizable nature allows extensive adaptation, making it suitable for smaller businesses aiming for flexibility.
While requiring some technical expertise for customization, ERPNext’s user-friendly interface and cost-effectiveness make it an attractive choice for startups seeking tailored solutions to streamline operations and maintain affordability.
Features
- Financial accounting
- Order management
- HR and payroll management
- Manufacturing management
- CRM integration
- Helpdesk
- Asset management
- Multifunctional capabilities
- ERPNext, as an open-source solution, allows extensive customization.
- Its user-friendly interface simplifies navigation and adoption.
- Cost-effectiveness makes it an attractive choice for smaller startups.
- Customization might require technical expertise from startups.
- Some advanced functionalities might be limited compared to other cloud ERP systems.
5. TYASuite
TYASuite offers a comprehensive cloud-based ERP solution for enterprises, encompassing modules like finance, procurement, inventory, and project management. Besides, its user-friendly interface and customizable features ensure seamless integration and efficient workflow management.
Furthermore, TYASuite empowers enterprises with real-time analytics, ensuring informed decision-making. With its scalability and automation capabilities, TYASuite is tailored to optimize processes, enhance productivity, and drive growth for modern enterprises.
Features
- Asset management
- Inventory management
- Procurement software
- Task management
- Vendor management
- Catalog management
- Compliance management
TYASuite Pricing: TYASuite comes in four different variants as outlined below:
- Startup Plan: INR 1250/User/Month
- Startup Pre Series B: INR 999/User/Month
- Startup Post Series B: INR 899/User/Month
- Enterprise Plan: Custom Plan
- TYASuite offers a modular approach, allowing startups to scale functionalities as needed.
- Its AI-driven analytics provide real-time insights for proactive decision-making.
- Cloud-based architecture ensures accessibility and flexibility for startup operations.
- Initial setup might require comprehensive training for effective utilization.
- Advanced features might require additional customization, impacting implementation timelines.
You May Also Read: ERP Modules: Types, Features & Benefits in 2024
6. Sage Intacct
Sage Intacct is a cloud-based financial management solution designed for enterprises. It provides robust financial functionalities, including accounting, budgeting, and revenue recognition. With advanced reporting and dashboards, Sage Intacct delivers actionable insights for strategic planning.
Additionally, its flexible architecture allows customization to suit specific business needs. Sage Intacct’s emphasis on financial management and comprehensive reporting makes it an ideal choice for enterprises seeking precise and efficient financial operations.
Features
- Manufacturing inventory management
- Multi-channel management
- Inventory Replenishment
- Customizable reports
- Reporting/analytics
- Shipping management
- Warehouse management
- Sage Intacct specializes in financial management, ensuring robust accounting functionalities.
- The system offers seamless integrations, enhancing overall operational efficiency.
- Its reporting capabilities provide detailed insights for financial planning and analysis.
- Customization options might be limited for highly specific startup requirements.
- Advanced features might be complex for users without accounting expertise.
7. SYSPRO
SYSPRO offers an ERP solution tailored for manufacturing and distribution enterprises. Its specialized modules cover production planning, inventory management, and supply chain optimization. SYSPRO’s focus on industry-specific features ensures operational efficiency and compliance.
Moreover, with tools for traceability and quality management, SYSPRO helps maintain high standards across the manufacturing process. Lastly, the system’s scalability and integration capabilities empower enterprises to streamline operations and drive innovation.
Features
- Order management automation
- Lot traceability and serial tracking
- Sales analysis and pricing optimization
- Lean inventory management
- Product information management
- Product formula control
- Workflow and approval management
- Supplier monitoring and evaluation
- SYSPRO focuses on manufacturing and distribution, catering to industry-specific needs.
- Its scalability accommodates the growth trajectory of manufacturing startups.
- Offers strong inventory management and supply chain capabilities.
- Implementation might require industry-specific customization, extending timelines.
- Licensing costs might pose challenges for smaller manufacturing startups.
8. CREST ERP
CREST ERP is a comprehensive solution catering to enterprises across various industries. It covers modules such as finance, sales, HR, and inventory management. In addition, CREST ERP emphasizes customization, allowing businesses to adapt modules to their unique requirements.
In addition to that, with features for process automation and real-time analytics, CREST ERP enables data-driven decision-making and operational agility. Its versatile nature and integration capabilities make it an ideal choice for enterprises aiming for tailored solutions and enhanced efficiency.
Features
- Inventory optimization and tracking
- Comprehensive sales cycle management
- Flexible account payable schedule (AAS)
- Streamlined accounts receivable processes
- Fixed asset tracking and deployment
- Holistic production process management
- Integrated e-commerce capabilities
- Automated point of sale (POS) system
- CREST ERP offers comprehensive industry-specific solutions for diverse business sectors.
- Its customization options suit unique startup requirements effectively.
- Robust CRM functionalities facilitate enhanced customer relationship management.
- Customization complexities might necessitate professional assistance for startups.
- Initial learning curve could be steep for users unfamiliar with ERP systems.
9. BatchMaster ERP
BatchMaster ERP specializes in providing tailored solutions for process manufacturing startups, encompassing critical modules such as formula management, production planning, quality control, and compliance.
Also, its focus on process-centric functionalities ensures precision and efficiency in manufacturing operations, vital for startups aiming to streamline processes and ensure regulatory compliance.
To sum up, with robust features supporting batch traceability and adherence to industry standards, BatchMaster ERP stands as an ideal ERP system offering startups a comprehensive solution to manage their manufacturing operations effectively.
Features
- Formulation management
- Batch processing control
- Quality assurance
- Regulatory compliance
- Inventory optimization
- Production planning
- Supply chain integration
- Packaging and labeling
- BatchMaster ERP specializes in process manufacturing, catering to batch-centric operations.
- Its compliance and regulatory features ensure adherence to industry standards.
- Strong inventory and quality management functionalities streamline operations.
- Implementation might demand specific industry knowledge, impacting startup timelines.
- The system might be complex for startups not focused on batch manufacturing.
10. Microsoft Dynamics 365
Microsoft Dynamics 365 offers startups a versatile suite covering CRM, ERP, and business intelligence, making it an adaptable and a popular ERP software solution. Its modular structure allows tailored solutions, fostering collaboration and productivity for startups.
With AI-driven insights and scalable cloud capabilities, Dynamics 365 empowers startups with data-driven decision-making and operational agility. This flexibility and comprehensive approach position Dynamics 365 as the best ERP for startups seeking a complete suite of business solutions to navigate and grow in a competitive market.
Features
- Financial management
- Supply chain management
- Sales and customer service
- Marketing automation
- Business intelligence and analytics
- Project service automation
- Artificial intelligence and IoT integration
- Unified CRM platform
- Integration with Microsoft suite ensures enhanced productivity for startups.
- CRM capabilities facilitate effective customer relationship management.
- Scalable cloud-based architecture ensures startup growth without major disruptions.
- Licensing costs might strain smaller startup budgets.
- Customization could require technical expertise, elongating implementation timelines.
11. StrategicERP
StrategicERP caters to mid-sized startup enterprises with a targeted ERP solution covering finance, inventory, and supply chain management. Its focus on enhancing operational efficiency and facilitating data-driven decisions makes it an optimal ERP system for startups.
With features supporting workflow automation and robust reporting, StrategicERP aids startups in streamlining operations and scaling effectively, aligning its functionalities to suit the specific needs of growing businesses.
Features
- Opportunity management
- Business intelligence
- Integration capabilities
- Efficiency optimization
- Comprehensive reporting
- Follow-up management
- Digital marketing integration
- Customizable forms
- StrategicERP offers tailored industry solutions, catering to specific startup needs.
- User-friendly interface simplifies navigation and speeds up adoption.
- Customizable reporting tools provide detailed insights for strategic planning.
- Initial setup might require comprehensive training for efficient utilization.
- Advanced features might demand additional customization, impacting timelines.
You May Also Read: 12 Reasons Why ERP is Important for Your Business?
12. PACT ERP
PACT ERP offers startup enterprises a comprehensive solution encompassing finance, sales, procurement, and inventory management. Its user-friendly interface and emphasis on scalability provide startups with adaptable solutions, facilitating efficient operations and strategic decision-making.
With features for automation and analytics, PACT ERP supports startups in managing their business processes effectively. Also, its versatility and integrated approach position PACT ERP as a valuable ERP software for startups seeking a consolidated and responsive system to manage their diverse operational needs.
Features
- Account receivables and payables
- Budget and financial management
- Purchase and sales management
- Inventory and warehouse management
- Retail management
- Asset management
- HR and payroll capabilities
- PACT ERP focuses on cost-effectiveness, making it suitable for budget-conscious startups.
- Streamlined implementation reduces downtime and accelerates operations.
- Offers strong inventory and supply chain management functionalities.
- Limited scalability might pose challenges during significant startup growth.
- Advanced features might be less extensive compared to other ERP systems.
13. Odoo
Odoo, a dynamic open-source ERP, caters to startups with its comprehensive modules covering CRM, sales, inventory, and accounting. Its modular structure allows startups to customize solutions to their unique needs, promoting a tailored approach.
Also, the user-friendly interface and flexibility make Odoo an ideal ERP system for startups seeking a cost-effective and versatile business management solution.
Above all, the open-source nature ensures continuous updates and community support, making Odoo a strategic choice for startups aiming to streamline operations and scale efficiently.
Features
- Purchase Management
- Sales Management
- Inventory Control
- Manufacturing Automation
- Professional Invoicing
- Expense Management
- Bank Reconciliation
- Shop Floor Automation
- Supplier Relationship Management
Odoo Pricing: Odoo app is available for three different pricing options as listed below:
- One App Free Plan: Free
- Standard Plan: INR 580/User/Month
- Custom Plan: INR 890/User/Month
- Odoo’s open-source nature allows extensive customization and flexibility for startups.
- User-friendly interface simplifies adoption and enhances operational efficiency.
- Comprehensive suite covers various business functions within a unified platform.
- Customization complexities might necessitate technical expertise for startups.
- Scalability might require additional modules, impacting overall costs.
14. Kechie
Kechie– a cloud-based ERP system, is crafted to meet the specific needs of startups. Covering modules like inventory management, procurement, CRM, and finance, Kechie provides an intuitive and scalable solution.
Prioritizing user-friendliness and adaptability, Kechie allows startups to efficiently streamline operations. The system’s features, including workflow automation and real-time reporting, empower startups with the tools for informed decision-making.
Lastly, as an agile and scalable ERP software for startups, Kechie positions itself as an effective solution for those seeking seamless operations and growth.
Features
- Inventory Management
- Supply Chain Optimization
- Manufacturing Resource Planning (MRP)
- Financial Management
- Procurement and Purchase Order Management
- Quality Control
- Business Intelligence and Analytics
- Order Processing and Fulfillment
- Traceability and Compliance Management
- Kechie focuses on simplicity, offering an intuitive interface for startups.
- Modular approach allows startups to scale functionalities as they grow.
- Offers robust inventory and procurement management features.
- Limited industry-specific customization might not suit all startup needs.
- Advanced features might require additional training for effective utilization.
15. Horizon ERP
Horizon ERP introduces an AI-powered data capture platform designed to automate invoice processing for startups. Its machine learning capabilities swiftly and accurately extract data from documents, minimizing manual efforts and reducing errors.
Focused on automation and accuracy in document processing, Horizon ERP serves as an ideal solution for startups seeking to streamline invoice management efficiently.
Further to that, the platform’s innovative approach aligns with the needs of startups aiming for optimized financial processes, making Horizon ERP one of the best business management tools.
Features
- Receivables and Payables
- Multilevel classification of items
- Sales and purchase invoicing
- Discount and scheme management
- User-wise access control
- Exporting & Importing data(in Excel & PDF)
- MRP-wise stock display
- Item Purchase and billing history
- Horizon’s AI-driven document processing streamlines administrative tasks for startups.
- Offers seamless integrations with existing systems, enhancing workflow efficiency.
- Scalable architecture accommodates increasing document processing needs.
- Initial setup might require familiarization with AI-driven functionalities.
- Integration complexities might arise for startups with intricate workflows.
Note: All the ERP solutions listed above offer custom pricing options tailored to factors such as the number of users, specific requirements, subscription period, and more. Therefore, we recommend that you connect with their sales team to get your personalized quote.
These are the best 15 ERP software solutions for startups in 2024 that you should consider when making a purchase. Above all, ensure that you choose one that aligns perfectly with your business requirements, budget, and goals.
Conclusion
All types of startups should consider investing in technology solutions like ERP as they assist in managing various business aspects effectively. ERP for startups not only enhances customer service and optimizes resource utilization but also helps strengthen market presence and ensure sustainable growth for businesses.
ERP software for startups typically includes modules such as finance, HR, inventory, CRM, and project management. However, the number and types of modules vary from product to product.
Yes, ERP software solutions can be customized to fit the unique requirements of startups in order to ensure it aligns perfectly with their workflows and business objectives.
ERP software caters to startups of all sizes, offering scalable solutions even for those with limited resources. So, yes, ERP software is also suitable for small businesses and startups with limited resources.
Some of the most common ERP implementation challenges that startups face include data migration, resistance to change, and finding the right fit within existing processes, often requiring careful planning and communication.
ERP implementation time for startups varies based on complexity and scope– typically ranging from a few months to a year.
Paras Kela is a highly skilled SaaS content writer with over 7 years of experience in the IT field. His expertise lies in simplifying complex technical concepts for easy comprehension. With a portfolio of over 100 high-quality blogs covering various SaaS topics, Paras’s writing style is engaging, informative, and SEO-friendly, ensuring maximum effectiveness. He continuously updates his skills and knowledge to stay current with industry trends, making his writing relevant and reliable.
