The Best ERP Accounting Software

The right ERP accounting software can make your business future-proof. Don’t believe us? Just take a look at feedback from customers of high-quality ERP platforms. Enterprise resource planning systems not only make individual business functions more efficient but also ensure better coordination across these functions. To know more about the best ERP solutions on the market, what any potential buyer should look for in such software, and why we even need such systems in the first place, read on.

The Leading ERP Software

Oracle NetSuite Logo

Oracle NetSuite

A Responsible, Accessible Approach

A part of Oracle since 2016, California-based NetSuite is known for its cloud business software suite, which includes accounting, ERP, and CRM. Over 30,000 fast-growing businesses worldwide use the product for its comprehensive set of features and high customizability.

  • Core features: Double-entry accounting, ERP, Invoicing, Payroll, Financial reporting, CRM, Ecommerce
  • Desktop/Cloud-based: Cloud
  • No. of users: Undisclosed
  • Mobile app: Yes
  • Customer support: Average
  • Base price: Undisclosed
  • Free trial: No
Sage Logo

Sage X3

Streamline your business processes with an ERP system

Offered by the Sage Group since 2005, Sage X3 has been known by several names over the years. What has remained constant is its popularity as the go-to ERP suite among both mid-sized and large businesses because of its comprehensive features, flexibility, and scalability.

  • Core features: Accounting and financial management, Production management, Supply chain management, Inventory management, CRM, HR
  • Desktop/Cloud-based: Both
  • No. of users: Undisclosed
  • Mobile app: Yes
  • Customer support: Average
  • Base price: Undisclosed
  • Free trial: No
Microsoft Dynamics 365 Logo

Microsoft Dynamics 365

Streamline your everyday financials and operations with Dynamics 365

Released in 2016, Microsoft Dynamics 365 is the parent company’s foray into ERP and CRM intelligent business applications. This cloud-based software offers both function-specific modules and a combined, more affordable version that includes bits of all functions.

  • Core features: Accounting and financial management, Production management, Supply chain management, Inventory management, Warehouse management, CRM, HR
  • Desktop/Cloud-based: Cloud
  • No. of users: Unlimited
  • Mobile app: Yes
  • Customer support: Good
  • Base price: $70/user/month
  • Free trial: Yes
QuickBooks Logo

QuickBooks Enterprise

Get an all-in-one business solution you can make your own

Part of the QuickBooks portfolio of solutions from Intuit, Enterprise is a desktop-based product that combines robust accounting with features to manage inventory, sales, production, and other functions. Its other strengths include advanced reporting, 200+ integrations, and online data backups.

  • Core features: Accounting and financial management, Production management, Supply chain management, Inventory management, Warehouse management, CRM, HR
  • Desktop/Cloud-based: Desktop
  • No. of users: Up to 40
  • Mobile app: Yes (limited features)
  • Customer support: Excellent
  • Base price: $199/month (for 1 user)
  • Free trial: No (Free online tour)
Kechie Logo

Kechie

The Fully Integrated Cloud-Based Kechie ERP Software

A product from the LA-based My Office Apps, Kechie is a relatively young entrant in the ERP market. A fully scalable, completely integrated, and highly flexible solution, its powerful features and excellent customer support have made it popular among small and mid-sized businesses as their software of choice.

  • Core features: Accounting and financial management, Production management, Supply chain management, Inventory management, Warehouse management, CRM, HR
  • Desktop/Cloud-based: Cloud
  • No. of users: Undisclosed
  • Mobile app: No
  • Customer support: Excellent
  • Base price: Undisclosed
  • Free trial: No (Free demo)
Striven Logo

Striven

One software. Everything included.

Striven benefits from its parent firm’s 20+ years of experience providing IT-based solutions for businesses. The ERP solution is designed to solve the typical challenges faced by small and mid-sized firms and has become widely popular in a short span.

  • Core features: Accounting and financial management, Production management, Supply chain management, Inventory management, Warehouse management, CRM, HR
  • Desktop/Cloud-based: Cloud
  • No. of users: Unlimited
  • Mobile app: No
  • Customer support: Excellent
  • Base price: $119/month (for 1 user)
  • Free trial: Yes

Selecting ERP Software Solutions

Before proceeding with detailed reviews of the top ERP systems, let’s understand what these solutions do and how they differ from regular accounting solutions. It’s equally vital to understand the potential advantages modern businesses can derive from moving to high-quality ERP system software

Finally, we’ll look at the most important features one should expect in their ERP system. The needs of one business can vary from another, but the features listed here are broadly what most firms require. These are also what we consider the prime criteria when ranking the best ERP systems.

What is enterprise resource planning software?

As the world gets more complex and consumers expect more from businesses, even small and mid-sized firms have begun to feel the need for a system that integrates key business processes for more effective management. An enterprise resource planning system brings together the management of different business activities, such as project management, accounting, procurement, risk management and compliance, supply chain, CRM, and HR. 

As a result, the global market for ERP platforms is projected to grow from $50.31 billion in 2021 to $93.34 billion in 2028 at a CAGR of 9.2%. This growth is driven by the realization that enterprise resource planning tools offer more comprehensive processing and analyzing company-wide data and streamlining operations.

How do ERP software solutions differ from accounting software?

People often use “ERP” and “accounting” interchangeably when referring to software products. We have also used “ERP accounting” on occasion in this article to reflect our slightly greater emphasis on accounting and financial management capabilities. However, it’s vital to understand that ERP and accounting systems have several differences. 

ERP solutions collect multiple business processes.

Accounting is just one of the many functions that an ERP system can handle. To help managers have a complete overview of the business, ERP platforms offer many functions that even the best accounting solutions cannot.

ERP software products are better suited to industry-specific needs.

While many standalone accounting products such as retail accounting software incorporate sector-specific features for inventory tracking or vendor management, these features might prove insufficient for some businesses. Instead of relying on third-party integrations for your accounting solution, you could improve your decision-making through built-in features in an accounting ERP system

Accounting solutions do not include a robust CRM system.

Managing customer relationships is critical for any business, whether B2C or B2B. Again, your top-of-the-range accounting solution may have some CRM features, especially in relation to invoicing. However, any of the best ERP software systems will get you a more seamless structure to develop prospects, manage sales, and process orders.

Accounting solutions provide limited real-time data.

ERP accounting systems eliminate the need to have different tools for different processes and departments. When your business data across departments are integrated into one system, it can inform top-level and department-wise decision-making more efficiently and faster. Accounting solutions cannot match this ability to offer real-time intelligence.

ERP solutions are relatively expensive and complex.

Considering that accounting is a subset of ERP accounting software, the latter is bound to be more complex. While the best ERP systems score high on usability, they still require a team of professionals to run. In contrast, most accounting solutions, including specialized systems such as restaurant accounting software can be run by one team member, even without prior training in accounting. 

For the same reasons, accounting ERP systems also have comparatively higher fees than standalone accounting solutions. Of course, the higher pricing is completely justifiable as the ERP accounting system replaces multiple tools and not just your accounting software. 

What are the benefits of ERP software?

If you are reading this article for tips on selecting the right ERP solution, chances are you already know some potential advantages of ERP. However, before moving on to their features, let’s quickly look at the key ways ERP systems can help your business.

Improved information sharing

The most significant benefit for businesses is better sharing of data across verticals. Instead of functioning as silos, different departments can inform each other of their activity, improving overall productivity.

Clearer business overview

Real-time data provided by ERP software solutions across all business processes means the team at the top is better informed. Consequently, any strategic decision-making is in a stronger position to account for all departments’ needs.

Enhanced flexibility and scalability

Another advantage of real-time data is that it cuts the lead time of decision-making. Businesses can react faster to changes in their environment, a critical trait in most industries today, with market conditions evolving rapidly.

Moreover, the business has greater leeway in making changes to its processes as the best ERP software would offer multiple customization options. For example, you can change your product portfolio as the demand changes or alter the workforce as needed. Plus, if your business is growing at a rapid pace, you are not constrained by the limitations of your software.

Better customer satisfaction

ERP is excellent for overseeing customer interaction. The business can foresee customers’ needs, while customers can place orders more easily, benefit from faster deliveries, and get their concerns resolved faster. 

Stronger inventory control

Efficient inventory management is crucial for success in many industries. The ERP accounting software integrates the purchase, production, planning, sales, and logistics functions, reducing the need for a large inventory while ensuring tighter control over existing stock.

Improved compliance

ERP systems can help with compliance in multiple ways. First, more efficient financial management means a lower likelihood of issues throughout the year. Even if issues do arise, they can be discovered and addressed earlier.

Second, the best ERP systems have modules to help with filing taxes and other regulatory forms. At the very least, they make it easier to determine if your systems are compliant with the regulations specific to your industry and geography.

Third, top ERP software products employ network security protocols, encryption, firewall, and other means to better protect both your and your customers’ information. This is crucial as compliance with data-related laws has become tremendously important in recent years.

Saving time, effort, and money

In offering advantages such as data integration and automation, accounting ERP software cuts down massively on the manual effort involved in managing a business. The saved time is better used to help your business grow. Money savings come from more efficient use of resources as well as reduced manpower to get the same tasks done.

What are the main features of enterprise resource planning software?

Of course, the many benefits above come from choosing an ERP suite with the right set of features. While the specific features needed can vary from one business to another, there are a few key ones we consider vital in a high-quality ERP system. Let’s look at the features that form our evaluation criteria in ranking ERP solutions. These might guide you in your own search for the best product for your business. 

Integration

The main purpose of ERP software is to connect different departments of a business for greater efficiency. This makes it easier to collect data from and share it across different teams. Whether it’s an operational task like the movement of inventory or a financial transaction like the payment to a vendor, everything is duly recorded. As needed, this data can then be used by personnel with access for better decision-making. That is why we evaluate how easy the software makes it for different teams to work together.

ERP software solutions can also work in sync with existing applications. For instance, your firm might be using an ecommerce platform for its online business. Adopting a new ERP accounting system should not mean new issues for your ecommerce team. So, another aspect under this heading is the software’s compatibility with the overall ecosystem of programs within a business. 

Data analysis and reporting

A useful ERP system must go beyond facilitating data sharing to utilize this rich data and provide actionable insights. The best ERP accounting software tools have built-in business intelligence and visualization features to help see the story behind the data. These include dashboards, Gantt charts, pie charts, and bar graphs. We also consider the breadth and depth of analysis and the degree of customization offered by the software’s reporting features.

Automation

A benefit of linking data across departments is that many repetitive tasks can be automated. Earlier, one department had to wait for data to arrive from another and then possibly modify it manually to interpret and use it. The best ERP accounting software speeds up this time-consuming process. We evaluate both the range and the quality of automation features incorporated in ERP solutions

Accounting 

The software’s accounting capability is the primary criterion for us. It might not be the most critical factor for many other users, but most businesses do need features to track income and expenses, create accurate financial reports, and store financial data. 

The best ERP systems also offer more advanced features like fixed assets management, tax management, multi-currency reconciliation, and so on. The best ERP accounting software solutions simplify financial management tasks like budgeting, cash management, and cash flow tracking.

CRM

ERP accounting systems with integrated CRM functions make it easy to track all customer information, including contacts, past communication, order history, and purchase orders. It also becomes easier to follow up with prospects and take them through the sales pipeline. The included features can vary substantially across ERP systems, but the best ones prove valuable for tasks like lead management, service tracking, and order management.

Sales and marketing

CRM features are particularly useful in the ERP software for the sales and marketing team, helping with selling and upselling. However, we also look for additional features related to quote generation, tracking of profit margins, forecasting, and commission management. Some ERP accounting systems may include POS capabilities or features like online catalog hosting and shopping carts for ecommerce.

Manufacturing

ERP systems started off as tools for managing different manufacturing-related tasks and continue to prove valuable in this area. Greater efficiency comes from features that assist with product planning, raw material sourcing, production monitoring, work order management, distribution planning, product tracking, assembly management, and so on. The best ERP software solutions will increase operational efficiency and shorten order cycles. 

Supply chain management

Closely related to the above set of features are functions to manage the flow of goods. This category includes functions like demand planning, management of purchase and work orders, tracking of items from acquisition to final delivery, vendor and supplier management, and warehouse management. High-quality SCM features in an ERP system can help discover inefficiencies and reduce logistics costs.

Human resources

Even though many firms would need a specialized application for end-to-end employee management, ERP software solutions usually include some HR functionality. These could range from storing employee data to more complex tasks like handling payroll, hiring, managing health and other benefits, assisting with payroll taxes, and time tracking.

Miscellaneous

Apart from the core features mentioned above, we look at several other factors that impact the ERP product’s utility. The software’s interface and overall usability are vital, as a cluttered or unnecessarily complex design could waste more time than it saves the business. 

Usability is also impacted by whether the software is cloud-based and comes with a well-designed mobile app. Remote work or teams based in different locations are common now, so the ERP solution must take these conditions into account. 

The ERP accounting software price structure is particularly important. We are looking not only for value for money but also for scalability offered across different payment plans.

Since integration is among the primary purposes of an ERP system, we evaluate how easy it is to collaborate and grant role-based access using the software. This brings in concerns regarding security, another crucial factor in ranking ERP vendors.

Finally, we also look at feedback from past users. We rely on reputable review sites for the pros and cons of every product we consider. If any negative aspects turn up consistently in these reviews, we deduct points. 

ERP Accounting Software Reviews

Oracle NetSuite

NetSuite is a general-purpose, cloud-based ERP solution with features for financial, order, inventory, supply chain, and warehouse management. The software offers scalable features for both small and large businesses across several industries, but its pricing can be prohibitive for very small firms. 

Pros 

Cons

Accounting and financial management are NetSuite’s strengths, with robust features to speed up the recording of financial transactions, help with the financial close process, and ensure compliance. The features expected from the best ERP accounting software are all there, including general ledger, cash management, accounts receivable, accounts payable, tax management, close management, fixed assets management, and payment management.

Thanks to its vast experience in creating solutions for businesses of different sizes, NetSuite’s ERP system incorporates various features to simplify processes. For example, automation helps streamline every aspect of invoice delivery, payment processing, and collections management to improve your business’s liquidity.

Similarly, several automation features and approval workflows strengthen compliance and increase efficiency for accounts payable processes. Time-consuming manual tasks like journal entries, account reconciliations, variance analysis, and intercompany transactions are simplified to make year-end closing hassle-free.

The features of this ERP accounting software further cover planning and budgeting, billing, and compliance. Preconfigured role-based dashboards, reports, and KPIs provide tailored and detailed insights into business performance. NetSuite also makes it easy to generate financial statements and reports compliant with US GAAP, IFRS, and other accounting standards.

A related valuable feature is NetSuite OneWorld, which helps manage global operations and includes support for multiple currencies, taxation rules, and reporting requirements. So, no matter how widely your business is spread, you get real-time financial consolidation and visibility.

The inventory management features provide a real-time view of inventory across all locations and sales channels, allowing businesses to optimize inventory levels and keep costs low. Several functions in this ERP software help automate aspects like multi-location fulfillment, replenishment, cycle counting, and traceability. 

The warehouse management system uses industry-leading practices to optimize warehouse operations. Features such as mobile RF barcode scanning, defined strategies for putaway and picking, task management, return authorization receipts, and cycle count plans help avoid chaos even with thousands of SKUs. The mobile app helps improve visibility, while a single system integrated across functions eliminates the need to manually sync information across teams.

The supply chain management features in this ERP accounting software help optimize all supply chain assets, control costs, and ensure timely and correct deliveries to customers. The integrated order management features are also geared toward managing the entire order lifecycle from placing an order to aftersales service. Another feature that helps keep your customers happy is the built-in CRM.

Another positive worth mentioning is the ease of working from outside the office or collaborating with teams spread across locations. The mobile app supports many handy functions, and the entire system is backed by strong data security protocols.

On the negative side, apart from the slightly high pricing, the complexity of the system might also make it a tough buy for small firms. We found the HR functions weaker than rival ERP software solutions. Feedback from customers also hints that customer support needs improvement.

Pricing: NetSuite doesn’t disclose its pricing. Interested buyers can get in touch with the sales team for customized plans.

Sage X3

Sage Business Cloud X3 is a powerful solution that offers the advantages of a high-end ERP accounting system without the associated costs and complex implementation. Supporting a wide range of functions, it offers industry-specific customization for manufacturing, chemicals, services, distribution, and F&B businesses.

Pros 


Cons

While Sage X3 packs in most features expected from a top ERP software solution, its components can be broadly divided into financial management, production management, and supply chain management. It’s also a fairly flexible product, with the option to choose an on-premise version or a cloud-based, browser-agnostic, mobile-responsive version.

Regarding financial management features, Sage X3 offers a lot whether you are based in one location or spread across several sites and countries. General ledger accounting with multiple charts of accounts, accounts payable and receivable, cash flow management, bank management, cost accounting, budgeting, fixed asset management, employee expense management, payment processing, and other essential ERP accounting software features are all there.

With real-time reporting, you can provide your team with timely and accurate information for better decision-making. The dashboard can be easily defined by users, the library includes over 400 reports for detailed tracking of key metrics, and alerts and notifications are set up conveniently.

We also liked that making use of this vast functionality is not particularly overwhelming. Like most ERP systems, it takes some time to figure everything out, but the interface is clean and easy to use. 

Moreover, users can consult resources like the online help center, online library, online community, and webinar hub. The Sage University initiative—unique among ERP software solutions—helps users get more from their subscriptions with flexible learning options. Interestingly, despite all these resources, the Sage X3 customer support has poor reviews, with complaints of late response or insufficient product knowledge among the support staff.

Coming back to the software features, there’s production management covering tasks like planning, scheduling, and quality control. Sage X3 offers robust single and multi-level BOM management to ensure product consistency, quality, and collaboration. Features like time-tracking enhance your shop floor control. Quality control is ensured through monitoring and product traceability. 

On the SCM front, this ERP software offers full integration with sales, inventory, purchasing, financing, and manufacturing to maintain efficiency and meet customer demand. There are features to manage the purchasing process from beginning to end, monitor inventory in real-time, and handle sales-related tasks like invoicing, customer returns, inquiries, and discounts. 

Many users will possibly need integration with a third-party tool for their CRM needs. However, the built-in contact management features are quite competent in supporting marketing campaigns and developing leads.

It is worth noting that the options for third-party integrations are somewhat limited with Sage X3 compared to some other titles in this ERP accounting software list. This might be especially concerning if you need advanced HR features, as these are relatively weak within Sage X3.

Pricing: Sage does not share pricing plans for the X3 ERP solution. Interested buyers must contact the sales team for customized quotes. To our knowledge, free trials aren’t offered.

Microsoft Dynamics 365

Microsoft Dynamics 365 is a CRM and accounting ERP system that offers the familiar interface of Microsoft products and seamless integration with products like Microsoft 365 and Power BI. While users can opt for separate ERP software modules based on function, we recommend the Business Central version for SMBs.

Pros 


Cons 

Microsoft Dynamics 365 Business Central is an affordably priced program for integrating your business’s sales, service, project, operations, and finance teams. Most small and mid-sized businesses will find enough capabilities within Business Central’s two plans to enhance data sharing, automate processes, and improve efficiency. 

For firms requiring more, there are separate modules for finance, HR, SCM, marketing, sales, project management, and so on, covering the key functions you’d get in other ERP accounting software systems. However, combining these modules can be both expensive and confusing.

The financial management features help with essential tasks like cash flow management, bank reconciliations, budgeting, project costing, and fixed asset management. High-quality features for general ledger and accounts receivable and payable reduce month- and year-end closing times. Customizable reporting features provide real-time information and help analyze trends and improve planning. 

Moreover, it’s fairly easy to connect data across accounting, sales, purchasing, and inventory departments for better insights and financial decisions. We also liked the support for multiple currencies, consolidations, intercompany transactions, and localized tax regulations.

The sales and CRM features make it easy to prioritize leads based on revenue potential, offer flexible pricing, streamline customer communication, and improve cash management. This ERP software system also simplifies managing orders, tracking returns, and following up on services.

The manufacturing functions work well even in agile and complex environments. You can create detailed bills of materials with definitions for raw materials, subassemblies, or resources. You can even capture special requirements within the BOM easily and pull information directly from the quote and sales order during assembly-to-order processes. 

You can use timesheets to manage your projects and develop and modify detailed budgets to ensure profitability. There are features to manage resource utilization by planning capacity and sales, tracking customer invoicing against planned or actual costs, and using real-time intelligence on project status and other important metrics. So, for businesses where project management is critical, this ERP accounting software offers top-quality project costing and accounting.

The final major component is supply chain management. There’s support for multiple inventories costing methods and movement across locations. The built-in intelligence and sale forecasts can help replenish inventory faster. We also liked the smooth features for vendor/supplier management.

Similarly, warehouse management can be optimized by setting up bins and zones to reflect the warehouse layout, playing around with the placement of items in the system before finalizing it, and enabling cross-docking to expedite shipments. The system makes it easy to use real-time data to better fulfill customer orders.

Some other notable advantages of Microsoft Dynamics 365’s enterprise resource planning software include the options to deploy in the cloud or on-premises, remote accessibility through Android and iOS devices, easy integration with several third-party apps and Microsoft tools, and strong data security.

The chief negative points are a relatively rigid configuration that makes post-setup changes difficult and a steep learning curve to use the product successfully. Moreover, though it’s rare, if you are unfamiliar with Microsoft products, the user interface can be difficult to navigate.

Pricing: Business Central has two monthly plans: Essentials ($70/user/month) and Premium ($100/user/month). Individual modules for Microsoft Dynamics 365 can cost from $20/user/month to $1,500/user/month. All plans include a free 30-day trial.

QuickBooks Enterprise

This desktop-based ERP software is customizable in a manner different from other accounting ERP systems. Here, instead of getting to choose different modules in your package, during installation, you can select features suited to construction, manufacturing, distribution, retail, professional services, or the nonprofit sector.

Pros 


Cons

Given its pedigree, it’s not surprising that QuickBooks Enterprise is primarily an accounting product with a few enhancements one would expect in an ERP system. Many of the non-accounting features aren’t as robust as those of other prominent ERP software solutions; therefore, we recommend it for small and medium-sized businesses that have outgrown entry-level accounting software. On the downside, the pricing could discourage small businesses.

The accounting features are somewhat similar to those of other QuickBooks products but with useful additions to handle more data and integrate with other departments. So, you get a similar dashboard with graphs and charts for information on income, expenses, and the overall accounting flow. It’s easy to customize and send invoices, with the added capability to send them in bulk. Some plans offer advanced pricing features, including customizing the pricing for select customers.

One particular feature that places QuickBooks Enterprise among the best ERP software products is robust job costing. This function makes it easy to create accurate estimates, assign expenses, track costs, manage change orders, see WIP reports, and plan for the future.

The reporting features offer strong customizability across 200+ built-in reports. You can apply filters, add or remove fields, save new templates for future use, and do a lot else to drill down on every aspect of your business. The option to choose your industry means you have the reporting customized to your sector’s needs.

QuickBooks Enterprise is a top ERP software solution for businesses needing accurate inventory management. The advanced inventory features included in the Platinum and Diamond plans make it easy to track the movement and storage of goods. 

Other handy features help manage multiple warehouses, automate order management, handle shipping from within the ERP system, and track costs effectively. In fact, the inventory management in QuickBooks Enterprise is better than many advanced ERP systems, making it a very competitive option for sectors like manufacturing, retail, and distribution.

The other noteworthy features in this ERP accounting software include those for field service management, fixed asset management, and payroll. The CRM features are competent but not exemplary. Fortunately, one of the greatest strengths of QuickBooks products is that the vast number of third-party integrations make it easier to overcome any aspects that may be lacking in the main system. For example, you can connect to Salesforce CRM or get an ecommerce integration for an extra cost.

Irrespective of your plan, you become part of Priority Circle, including a dedicated account team, on-demand training, and premium support. All plans also include online data backups. While QuickBooks Enterprise is a desktop-based ERP software solution, you can opt for cloud access, which costs extra but is recommended for most businesses.

Apart from the high cost of add-ons like cloud access, the software is also expensive if you want to add more users. In any case, the pricing specifies an upper limit of 40. Moreover, it’s mainly a Windows-based product, so Mac users will have limited functionality.

Pricing: With cloud access and for one user, the three plans cost $199/month (Gold), $232/month (Platinum), and $404/month (Diamond). There are no free trials, but interested buyers can ask for a free online product tour.

Kechie

Kechie is a flexible browser-based ERP software solution designed for small to medium-sized businesses. Its robust features for financial management, manufacturing resource planning, and inventory management make it ideal for manufacturing and retail businesses.

Pros 


Cons

Kechie ERP is a highly customizable product that allows opting for separate modules for financial management, manufacturing, and inventory management or combining them in one package. When combined, the modules work seamlessly to connect your accounting, sales, supply chain, and production teams. 

While the customizability is excellent for modifying the ERP accounting software system to your organization’s needs, there is one drawback. There are loads of options to play around with, which can intimidate new users. More work also needs to be done on the reporting features—information that can be clubbed into one dashboard is often available under separate tabs. 

We found Kechie’s accounting module remarkably comprehensive and capable of streamlining most organizations’ financial management. There’s a flexible chart of accounts for detailed reporting, configured user authorization profiles, and effortless bill and cash management.

The general ledger solution in this ERP software comes with a detailed recording of every transaction, configurable financial reports, and approval controls for making journal entries. We particularly liked the various menu options that save time when looking for entry details. Financial management is also helped by hundreds of reports with many more configurations allowing the user to focus on even the most minute financial aspects.

The accounts payable features automate vendor invoices and bills, simplify payment processing, and provide a real-time overview of all AP history and balances. The accounts receivable features are equally well-designed, automating tasks for improved efficiency and faster incoming cash flow. Businesses handling many customer payments will appreciate the automatic invoicing of this ERP accounting software, along with its easy tracking of customer activities and unpaid balances, integrated credit card processing, and other related features.

The other modules are mainly designed to manage the entire production cycle. So, you have features to track raw materials, WIP, and finished goods, manage work orders, create jobs, and track labor time and costs. There are advanced features for the bill of materials, disassembly, backflushing, and production planning. On the whole, the thoughtfully designed module should handle MRP tasks for most small or mid-sized manufacturing units.

One of the factors that make Kechie a top ERP software product is the inventory module, which is excellent for complete SCM control. You can set Min/Max levels, transfer orders across multiple warehouses, manage RMA requests, and reorganize inventory easily. All transactions are audit-trailed, so you have real-time visibility and traceability. 

The other solutions within the ERP system include logistics features for managing shipments, a help desk to make customer service more efficient, and procurement features to automate the purchase of goods and services. The built-in CRM system helps businesses analyze interactions, sales pipelines, and other information throughout the customer life cycle. 

The Kechie enterprise resource planning software isn’t perfect, however. The most significant issue is that this is a fairly new product, and several features are still being developed. For instance, the financial module lacks robust budgeting features. On the upside, the Kechie customer support team is highly responsive, and any critical features missing are likely to be included soon in future updates.

Pricing: Kechie does not share its pricing information. Interested buyers must contact the sales team to schedule a free demo and obtain a quote based on their required features. 

Striven

Designed by a team with over two decades of experience servicing B2B businesses, Striven aims to make ERP software solutions accessible even to very small firms. Therefore, its lower plans are quite affordable, especially if you don’t opt for add-ons, and effort has been put into keeping the interface simple.

Pros 


Cons

With functions to assist with accounting, sales and marketing, HR, project management, inventory management, and manufacturing, Striven’s ERP software is sector-agnostic. The downside is that Striven doesn’t allow you to pick and choose functions according to your needs. You will end up paying for the entire toolbox.

The system is cloud-based and mobile-responsive, so remote work is easy. We also liked the overall automation as well as the integration across different functions and with third-party tools. Of course, with so many features included within the system, most users may not even need other tools.

Accounting is a key strength that gets Striven a place in the top ERP accounting software list. Among others, it has features to simplify billing, invoicing, purchasing, and collections. The automation features speed up reconciling business and bank information, generating financial reports, and keeping tight control over all financial metrics. 

The expected features for general ledger, accounts receivable, accounts payable, and expense tracking are all there and work very well. What we found interesting is that Striven also offers nonprofit fund accounting and sales tax support, which even higher-priced accounting ERP systems often don’t. The vendor and customer portals are also handy provisions, as they simplify billing and payment processing. The cost of the portals is not included in the base subscription fee.

The functions of this ERP accounting software go beyond storing customer data to power the sales funnel and help assess profitability. There are several features to automate the sales funnel processes. Real-time reports help track the sales pipeline from prospect to close and focus customer engagement efforts.

The project management set is equally comprehensive, with tools to plan projects, schedule tasks, set and track budgets, create workflows, and share files. Again, through handy enhancements, such as the direct creation of tasks from emails or multiple visualization options to display project details, this enterprise resource planning software makes your team’s work more efficient. 

The inventory management functions are equally capable of supporting a small shop or a large business with several warehouses. It is easy to create a bill of materials, make quick changes to inventory, convert sales orders to purchase orders, and maintain complete inventory visibility.

On the HR front, there are features to handle payroll, centralize document storage, manage time and expense tracking, and generate reports. The extra feature here is the support for recruitment efforts, including job postings, personality assessment design, and application handling.

Striven’s enterprise resource planning software packs in several other functions for productivity, task management, and field service management. We also liked the stress on security, including role-based access control at every layer, annual SOC 2 Type II audits, and periodic vulnerability scanning exercises.

Interestingly, Striven’s robust capabilities are also responsible for some of the issues with the software. Despite the focus on a simplified design, customers often report feeling overwhelmed with all the features. Moreover, customer feedback indicates speed-related issues because of the fast-growing user base thanks to this ERP accounting software price and feature set. 

Pricing: Striven has two monthly plans, each with a per-user component and a hosting component. For up to 20 users, the Standard plan costs $20/user and $99 for hosting. For 21 to 50 users, it’s $15/user + $299, and for 50+ users, it’s $10/user + $499. The corresponding fees for the Enterprise plan are: $40/user + $199 (up to 20 user), $30/user + $599 (up to 50 users), and $20/user + $999 (unlimited users). The customer, vendor, and career portals can each cost from $49/month to $499/month, depending on the number of users. All plans include a 30-day free trial.

How to Select ERP Accounting Software to Fit Your Needs 

Our detailed coverage of the top ERP systems must have given you useful tips to zero in on the right product for your business. Of course, this is just the first step. Our short buying guide will give you an idea of how to go about the next steps. 

Focus on Your Business Needs 

As we have already established, this type of software is pretty complex, covering a lot of business areas, which is why you need to figure out what exactly it is that you want from ERP accounting software. Do you need CRM and HR functionalities? Figuring out what you need will help make sure you don’t overspend, especially if you already use software for some of your business needs. Consider the size of your venture as well, accounting for any plans for expansion, and focus on solutions that can accommodate your both current and future business size. 

Decide on Your Budget 

Deciding how much you can spend on this type of solution is the tricky part since, as you have seen from some of the platforms on our ERP accounting software list, not all vendors disclose their prices. In any case, for all solutions that have the features you need, contact customer support and ask how much they cost. Remember to plan for long-term use and ask for any discounts for longer-term subscriptions. 

Make Your Decision

Compare the offers you have received with the features and make your choice based on that. If possible, ask for any free trials and demos as well so that you could take the ERP accounting software for a test drive. This will aid you in your final decision.