The ERP software can help businesses to manage operations and activities across various departments. To boost efficiency and increase productivity, these types of software can help companies to focus on strategical and management approaches to overcome crucial challenges.
ERP softwares can assist in numerous activities spanning across Human Resource, Order Management, Logistics, supply chain management, etc. but some of them also feature dedicated capabilities to cater to specific areas like- Accounts and Financial Management in a comprehensive way. There could be requirements that businesses might need specialized software that can focus more on these areas to benefit them in numerous ways.
Competitive Factors for Selecting ERP Softwares
There are various factors to refer to before choosing an enterprise resource planning software. As every software comes with different capabilities, it is crucial to focus more on the business requirements to meet the needs substantially. The specific criteria mostly revolve around these three aspects:
- Costing: It is crucial to know how much the software would cost as per the capabilities and features offered. It is also essential to know annual maintenance and support features to resolve technical challenges with ease.
- Usability: The usability talks about how easy it is for the organization to adapt to the software. It covers aspects related to training, knowledge transfer, organizational structure support, etc. It is always recommended that software should feature easy to use interface so that employees can adapt it quickly.
- Features: The features and deployment options are one of the most primer factors for organizations. ERP software should be capable of delivering the solutions required as per the business needs.
5 Popular ERP Softwares In the USA For Accounts and Financial Management
1. Oracle Netsuite
The Oracle Netsuite is one of the most popular ERP software to assist all kinds of businesses with account and financial management activities as businesses manage a lot of data related to day-to-day activities such as- purchasing, sales, credits, etc. It is capable of recording and reporting data across the organization. The Netsuite integrates essential features such as- business intelligence, analytical reporting, real-time visibility of information, etc. to enable comprehensive business management. Being the software developed by tech-giant Oracle, this is the perfect solution for scaling and growing your business.
- Cloud-Based ERP – It can be deployed on the cloud and can be accessed anywhere without the device or location dependency.
- Supports Data Accessibility with ease – A perfect software suite for managing accounting and finances as it offers capabilities to report information as per various data points. The strong data model powered by Oracle can help in the storage and retrieval of information reliably.
- Workflow Automation – The workflow automation feature helps businesses to add various checkpoints and approval processes to eliminate the scope of data redundancy. It also helps in easing out the process of feeding data to the system. It keeps the logs synchronized across multiple data access points.
2. Sage Intacct
Sage Intacct is a reliable enterprise resource planning software suitable for small and mid-sized businesses. Its intuitive interface and business-friendly features make it a desirable product to be used by businesses to maintain accounts and financing without any hassles. This software is capable of handling all crucial functions related to core business accounting and finance.
- Supports 3rd Party Application Integration: Offers Compatibility to integrate 3rd party software like Salesforce for added functionality.
- Easy to Use UI: The simple, user-friendly interface makes it easy to be used by beginner level employees. The system offers the scope to learn features and functionalities without any advanced knowledge.
- Process & Manage Transactions: Helps in easing out the process of managing the transactional records. It also allows interactive reporting to understand various aspects of business accounts management.
The SparkRock is a robust cloud-based accounting and financial management ERP software best suited for businesses of all kinds. This is one of a kind software that specializes in offering dynamic solutions related to accounting and financial management.
- Financial Management: Helps in comprehensive financial and accounts management to reduce financial risks and ensure data integrity. It comes with various features to track and monitor various aspects related to the accounts & finances of an organization.
- Accounting Features: It offers accounting features like- General Ledger Updatation, Automatic Invoicing, Storing Transactions, Expense Management, Purchases, Credits, Payables. Etc.
- Data Analytics & Reporting: Allows tracking and reporting of data based on crucial business factors. It uses intuitive ways to report the data through various charts, graphs, data-points, etc.
4. Zoho Books
Zoho Books offers various advantageous features for businesses to manage accounting functions. It is a bundled software that can also be integrated with Zoho CRM to add extra capabilities of customer relationship management and enterprise resource planning altogether.
- Accounting Solution for Businesses: Zoho Books offers various advantages to solve crucial challenges related to managing transactions, invoices, payables, etc. It can keep track of all business activities and accounting aspects.
- Mobile-Friendly Application: It also offers mobile app support to manage and track activities on-the-go using the android or ios app.
FreshBooks is another essential solution to solve challenges related to accounting and financial management. It is a cloud-based software best suited for SMBs to manage their accounting and financing efficiently.
- Configurable Features: The business can configure various accounting-based features as per the business needs and requirements.
- Intuitive Dashboard: The easy to use dashboard is quite capable of reporting data and makes reporting simplified for the users.
- Transactions & Payments: The businesses can easily synchronize the billing dates and deadlines to take care of invoicing and payment schedules.
These are some of the best and popular ERP Software used by businesses in the USA to manage accounts and finances in a better way. You can also choose to invest in ERP softwares to increase your business efficiency and productivity.