Best ERP Software for Manufacturers: Criteria for Selecting the Software for MSME Business

Micro, small, and medium enterprises hunt for innovative techniques to grow their businesses. Since most small businesses cannot afford to invest in different technologies, they need an integrated platform to coordinate every aspect of business functioning. This is why they are confused about selecting the best ERP software for manufacturers. However, the entire process of selection can be simplified based on certain criteria. Before discussing them, let’s have a look at the list of the most demanding ERP software for MSME.

List of Best ERP Software for MSME:

It should be noted that selecting the right software is a business-to-business decision. There is no one size fit all strategy for this. The advice is to look out for affordable ERP software that is widely used and suited for your business. Below are listed four ERPs for MSME India businesses.

• Sage ERP - Equipped with a robust suite of functionalities and features, the Sage ERP is best suited for startups to small and medium-sized enterprises. So, how does the software work? It helps to streamline finance and accounting tasks; manage and market various business functions like inventory, sales, purchase; and collaborate with the various departments like marketing, purchase/sales, and finance.
• Marg ERP - This is a leading provider in helping businesses with GST. Hence, any business having management issues with accounting and inventory can seek the right solution with the aid of Marg ERP for its GST journey. This ERP offers your extensive business solutions like leave management, attendance software, payroll software to ride the turbulent waves of GST.
• Epicor ERP - Managing every aspect of business becomes easy with Epicor ERP. It aids your business to manage contacts, customers, leads, and quotes. Also, you can manage every stage of your business from recruitment to retirement easily. All the business aspects like scheduling, planning, and supply chain can be tactfully managed with this ERP.
• Strategic ERP - This is specifically meant for the real estate, construction industry, and manufacturing industry. The software helps to manage everything between departments, inventory, records, and much more.

You have to decide which software is the best choice that can meet the present and future demands of your business. However, to help you understand better about the right selection, here are the few criteria you should have a go through.

Criteria for the Selection of Best ERP Software:

• The type of ERP software you select depends upon how you are currently managing your business. You have to understand the needs and demands of your business and how you can cater to the needs of your customers. This will help you map the right software.
• Various ERP solutions are specifically designed for precise manufacturing modes like mixed-mode manufacturing, discrete, and process. It can be meant for wholesale distribution or industrial business.
• Take into account the specific industry considerations, industry regulations, safety laws, security needs, and so on. Those in agriculture, food, and beverage, automotive, chemicals, agriculture, defense, consumer packaged goods, medical devices, industrial machinery, pharmaceutical, petroleum, and coal should opt for industry-centric ERPs.
• Cost is another important factor in determining which ERP software your company will choose.

Thus, considering the discussion above, it is easy for you to select the best ERP software for any MSME in India.