Your search for 2024's best cloud ERP systems ends here. Our extensive guide covers top systems and offers expert strategies for selecting the ERP solution that aligns with your business goals.
In this article we cover
Introduction to Cloud ERP in 2024
First, there’s some good news and some bad news when it comes to cloud ERP in 2024.
The good news is that the selection of cloud-based ERP solutions has exploded, with more diverse and powerful options available than ever before. Top platforms like Epicor Kinetic, Netsuite ERP, and Acumatica Cloud ERP are leading the charge in terms of cutting-edge capabilities for modern businesses.
The bad news? All that choice can be paralyzing for businesses looking to upgrade. With so many excellent systems touting advanced features like artificial intelligence, predictive analytics, and seamless integrations, determining the ideal match for your needs is no easy feat.
According to a report by MarketsandMarkets, the global cloud ERP software market is expected to grow from $64.7 billion in 2020 to $130 billion by 2027, at a compound annual growth rate of 15% during the forecast period.
And with so many solutions, you might feel like pulling your hair out.
For 15 years, we’ve been the ERP software matchmaker for hundreds of businesses, big and small, connecting them with their perfect system. And now, we’re pouring all our expertise into explaining the most crucial cloud ERP concepts for you.
In 2024, most companies we serve preferred a cloud ERP System, ideal for many small and medium-sized companies. However, there are cases where an on-premises ERP system might be a better option. We will also address those scenarios. If you feel the need to gain a better understanding of the variations, benefits, and nuances of Cloud ERP, you can read our Cloud ERP guide here.
So, are you ready? Let us be your co-pilot, navigating you through the cloud ERP skies.
The Top Cloud ERP Systems
We have meticulously curated a list of top-tier cloud-based ERP systems that boast exceptional features and unparalleled value.
Our selection process involved a comprehensive assessment of each system’s unique capabilities and benefits, ensuring that businesses of all sizes and industries can find the perfect fit for their needs.
Epicor Kinetic
Epicor Kinetic, formerly Epicor ERP, is tailored for various manufacturing needs. It offers both cloud and on-premises options and excels in real-time monitoring, quality management, and global financial integration. Its user-friendly design ensures intuitive navigation and robust global support, fostering business growth and efficiency.
First up is Epicor Kinetic, a user-friendly ERP system designed to keep up with the ever-changing manufacturing landscape. Designed for manufacturing, here’s what makes Epicor Kinetic stand out:
- Industry-specific functionality: Epicor tailors its software to meet the unique needs of your manufacturing business.
- User experience: A sleek, intuitive interface makes navigating and using the system a breeze.
- Flexible deployment options: Choose from cloud, on-premises, or hybrid deployment to suit your preferences.
- Mobile access: Stay connected and informed with the Epicor mobile app, which grants you access to crucial data and processes from anywhere.
Epicor Kinetic is perfect for mid-sized manufacturing companies seeking a powerful and easy-to-use system, offering the flexibility to grow with their business.
NetSuite ERP
NetSuite ERP is a leading cloud-based solution for managing back-office operations and financial processes. It serves over 24,000 global customers and offers robust financial management, inventory, supply chain, and real-time analytics. This platform prioritizes innovation, growth, and swift decision-making through unified business insights.
Next on our list is NetSuite, a versatile and comprehensive cloud-based ERP system that caters to various industries. Here’s why Netsuite is the top-selling cloud ERP system:
- Scalability: NetSuite adapts seamlessly to your business growth with features and modules that can be added or removed.
- Real-time visibility: CFOs love Netsuite’s clear view of business data with real-time dashboards and reporting.
- Customization: Tailor NetSuite to your needs with industry-specific solutions and custom workflows.
- CRM integration: Streamline customer relationship management with a built-in CRM module.
- Global capabilities: NetSuite supports multiple languages, currencies, and tax regulations, which is perfect for businesses with international operations.
NetSuite is ideal for small and mid-sized companies seeking an all-in-one cloud solution that’s both customizable and scalable, allowing them to focus on what matters: growing their business.
Acumatica Cloud ERP
Acumatica Cloud ERP is a versatile system tailored for growing businesses. It integrates accounting, sales, and customer management with industry-specific add-ons and advanced technologies like AI and IoT. With a user-friendly interface and global adaptability, Acumatica stands as a premier, affordable ERP solution.
Introduced in 2008, Acumatica ERP is a flexible and robust cloud-based ERP solution designed for mid-sized businesses across various industries, including distribution. Here are the reasons why Acumatica is the fastest-growing Cloud ERP system:
- Adaptability: Acumatica ERP can quickly adapt to your business requirements. Its modular structure allows for the seamless addition or removal of features.
- Real-time insights: Obtain a comprehensive view of your business through real-time dashboards and reporting, enabling data-driven decisions.
- Personalization: Customize Acumatica ERP with industry-specific solutions and configurable workflows to fit your unique needs.
- Mobile access: Access your business data on the go with Acumatica’s mobile app, keeping you always connected and informed.
- Integrations: Seamlessly integrate Acumatica ERP with other business applications, including CRM, eCommerce, and project management tools, for a unified ecosystem.
Acumatica ERP is perfect for companies looking for a customizable, flexible, and robust solution that helps them focus on growth and operational efficiency. It’s an excellent choice for companies wishing to replace their outdated premise-based system.
Infor CloudSuite Industrial (Syteline)
Infor SyteLine ERP is a flexible solution for mid-sized and large manufacturers, enhancing efficiency in various manufacturing types. It offers cloud and on-premises options, prioritizes user-friendliness, and promotes smart manufacturing. It's designed for adaptability, operational improvement, and modern business agility.
INFOR CloudSuite is a feature-rich and industry-focused cloud solution that supports various business needs. Here’s what makes INFOR CloudSuite stand out:
- Industry-specific: INFOR CloudSuite offers tailor-made solutions for various discrete manufacturing industries, ensuring a perfect fit for your business.
- User-friendly interface: Navigate through an intuitive and visually appealing interface, simplifying day-to-day operations.
- Extensibility: INFOR CloudSuite can be easily extended and integrated with other business applications to create a cohesive ecosystem.
- Analytics: Leverage powerful analytics and reporting capabilities for informed decision-making and improved performance.
- Global reach: INFOR CloudSuite supports multiple languages, currencies, and regulatory requirements for businesses with international operations.
INFOR CloudSuite is an excellent choice for global organizations seeking a cloud-based ERP solution combining industry-specific features, an easy-to-use interface, and comprehensive analytics.
Microsoft Dynamics 365 Business Central
Dynamics 365 Business Central is an ERP for small to mid-sized businesses, offering integrated solutions for finance, manufacturing, and sales. It seamlessly integrates with Microsoft tools, offers real-time cloud access, and scales with business growth.
A robust and integrated cloud ERP platform suitable for small to mid-sized businesses. Here’s what you can expect from Dynamics 365 Business Central:
- Seamless integration: Enjoy smooth integration with other Microsoft applications, such as Office 365, Power BI, and Azure.
- Comprehensive functionality: Manage finances, operations, sales, and customer service all in one place with Dynamics 365 Business Central.
- Scalability: Scale up or down with a flexible and modular architecture based on your business needs.
- Intelligent insights: Access advanced analytics and AI-driven business insights to make data-driven decisions.
- Customization: Personalize your Dynamics 365 Business Central experience with configurable workflows and industry-specific add-ons.
Microsoft Dynamics 365 Business Central is ideal for all types of businesses looking for a cloud-based ERP solution that integrates seamlessly with other Microsoft tools and offers comprehensive functionality.
QAD Adaptive ERP
QAD Adaptive ERP is a cloud-based solution for global manufacturers, combining traditional ERP with a modern interface. It integrates features like Financial and Supply Chain Management, complemented by apps like QAD EQMS. Designed for adaptability and growth, it offers 24/7 support and rapid deployment.
QAD is specifically designed for manufacturing companies by manufacturers. Here’s what sets QAD apart:
- Industry focus: QAD specializes in providing solutions for discrete manufacturing industries, ensuring your business gets the best support.
- Rapid implementation: QAD offers a streamlined implementation process to get your business up and running quickly.
- Flexible deployment: Choose on-premises, cloud, or hybrid deployment options to suit your unique needs.
- Global reach: QAD supports multiple languages, currencies, and regulatory requirements, making it ideal for businesses with international operations.
- Continuous improvement: QAD is committed to ongoing innovation, ensuring your business stays ahead of the curve.
QAD is perfect for manufacturing companies seeking a cloud-based ERP software solution tailored to their specific industry and requirements.
Plex Manufacturing Cloud
Plex Manufacturing Cloud is a modern ERP solution optimized for manufacturing, delivered via the cloud. It provides real-time data and seamless updates, removing the need for traditional IT overhead. Offered as SaaS, it streamlines operations and supports growth.
Released in 2000, Plex was one of the first cloud ERP systems on the market. Designed to optimize manufacturing operations and featuring all-inclusive pricing, here’s what makes Plex a top contender:
- Manufacturing focus: Plex is built for manufacturers, offering specialized tools and features to support your unique processes.
- Real-time data: Access real-time information on production, inventory, and more, enabling informed decision-making and improved efficiency.
- Shop floor integration: Plex connects your shop floor with your back office, ensuring seamless communication and collaboration.
- Quality management: Maintain high standards with built-in quality management tools that help you monitor and improve production processes.
- Easy integration: Integrate Plex with other business systems for a cohesive, streamlined IT environment.
Plex Manufacturing Cloud is an excellent choice for manufacturers seeking a cloud-based ERP software solution that optimizes production and promotes efficiency.
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP is a modern, cloud-based suite offering AI and real-time analytics for manufacturers. It provides automatic updates to streamline processes and improve decision-making. The suite includes modules for financial management, project management, and supply chain management, aiming for faster deployments and lower ownership costs.
Oracle Fusion Cloud is a comprehensive, highly configurable ERP software solution catering to larger businesses. As Oracle’s latest and greatest ERP solution, here’s what Oracle Fusion Cloud has to offer enterprise-level organizations:
- Flexibility: Oracle Fusion Cloud is highly customizable, allowing you to create a solution tailored to your business needs.
- Advanced analytics: Leverage powerful analytics and reporting capabilities to gain valuable insights and make data-driven decisions.
- Seamless integration: Connect Oracle Fusion Cloud with other Oracle applications and third-party systems for a cohesive and streamlined IT environment.
- Scalability: Oracle Fusion Cloud’s modular architecture ensures it can adapt to your business growth and changing requirements.
- Security: Benefit from Oracle’s robust security measures and compliance features, protecting your valuable data.
Oracle Fusion Cloud is ideal for larger businesses seeking a highly configurable and secure ERP solution that can scale with their growth.
IFS Cloud
IFS Cloud (previously IFS 10.0) is a versatile enterprise software combining ERP, EAM, and ESM functionalities. Started in 1983, its latest version boasts an intuitive user interface built on a component-based, Service Oriented Architecture (SOA), emphasizing adaptability across core processes like Manufacturing and Supply Chain.
IFS is a versatile and user-friendly cloud ERP platform that supports businesses across various industries. Here’s what makes IFS shine:
- Comprehensive functionality: Manage finances, supply chain, manufacturing, and more with IFS’s extensive feature set.
- Industry-specific solutions: Benefit from IFS’s industry expertise and tailored solutions, ensuring the perfect fit for your business.
- Mobility: Access IFS on the go with mobile devices, making it easy to stay connected and informed.
- Customizability: Configure IFS to your unique needs with user-friendly customization tools and add-ons.
- Global support: IFS offers multi-language, currency, and regulatory support, catering to businesses with international operations.
IFS Cloud is an excellent choice for larger organizations seeking a solution offering comprehensive functionality and industry-specific expertise.
SAP S/4HANA
SAP S/4HANA Cloud is an ERP system for manufacturers with AI, machine learning, and analytics. It provides real-time insights into manufacturing processes, facilitates quick adjustments to demand changes, and enables better decision-making. The system supports seamless integration with other SAP solutions and is extendible for enterprise-wide processes.
Last but not least, we have S/4HANA, SAP’s newest, most powerful, and most intelligent cloud ERP designed for businesses of all sizes. Here’s what you can expect from SAP S/4HANA:
- Real-time insights: Access real-time data and analytics, empowering you to make informed decisions and optimize business performance.
- Machine learning and AI: Leverage advanced machine learning and AI capabilities to automate processes and gain valuable insights.
- Integration: SAP S/4HANA integrates seamlessly with other SAP applications and third-party systems, creating a unified IT environment.
- Scalability: Adapt to your business growth with SAP S/4HANA’s modular architecture and flexible deployment options.
- Industry solutions: Benefit from SAP’s vast industry knowledge and expertise, with tailored solutions for various sectors.
SAP S/4HANA is an excellent option for small to large businesses seeking an intelligent and scalable cloud ERP platform with powerful analytics and automation capabilities.
Best Cloud ERP for Specific Industries
Regarding cloud ERP, one size doesn’t always fit all. Different industries have unique needs and challenges, and some systems are built for specific industries, so it’s essential to find a system that caters to the particular demands of your business sector.
Let’s explore some top cloud solutions for various industries, including Steel & Metal Fabrication, Food & Beverage, Automotive, Aerospace and Defense, and Distribution:
Steel & Metal Fabrication
An ERP system that supports robust material management, production planning, and quality control is vital for the steel and metal industries. A few top solutions are:
Food & Beverage
The food and beverage sector requires ERP systems with solid capabilities in recipe management, quality control, traceability, and compliance. The following options are worth considering:
Automotive
The automotive industry relies on efficient supply chain management, production scheduling, and lean manufacturing practices. These cloud ERP solutions excel in meeting those needs:
Aerospace and Defense
For aerospace companies, managing complex projects, strict compliance requirements, and rigorous quality standards is crucial. These ERP systems are designed for this industry’s demands:
Chemical
Chemical manufacturers need robust solutions to manage formulas, regulatory compliance, and track hazardous material. The following cloud ERP options are tailored to address these challenges:
Industrial Distribution
Robust Distribution ERP software should include specific features for a distributor’s needs. These include inventory tracking and management, kitting and assembly functions, warehousing and logistics, and mobile-friendly access.
Choosing the right cloud ERP software for your industry will empower your business with the tools to excel and overcome challenges. Remember to thoroughly evaluate each option based on your industry’s unique requirements and make an informed decision.
Comparing More Cloud ERP Systems
As you can see, there’s no shortage of fantastic cloud-based ERP software in 2024. But how do you know which is the perfect fit for your business? That’s where we come in.
We highly recommend trying out our Best Fit ERP comparison tool to compare all these top cloud systems and more. Use the tool to quickly narrow your options and identify the cloud ERP software systems that align with your unique needs.
You can also review the ERP white papers we have available for these vendors here.
Still trying to figure it out? Don’t hesitate to contact us for personalized recommendations.
Our team at Top10erp.org can save you time and help you find the ideal ERP solution to drive your business forward.