ERP software companies are part of an extremely competitive and complex market. In order to remain competitive and retain or grow market share, they must continually improve on a variety of fronts. Meeting their customers’ demands, creating and implementing new technologies, supporting customers, and fending off competition are just a few of the daily worries experienced by the ERP companies who are still going strong over 20 years into this market. The following paragraphs take a look at the biggest ERP software players in the market today.
Oracle is a giant when it comes to ERP software companies. They are known for their database and hardware solutions and tend to priced at the top end of the market. Some of the tasks their products perform include customer relationship management (CRM), supply chain management (SCM) and financial management. Their solutions are known for offering great flexibility with cutting edge technology, and they claim to have the number one share of the CRM market and the number 2 share of the ERP market.
You can’t talk about ERP software companies without mentioning SAP. They have the number one share of the ERP market at this time with customers in well over 100 countries. They also have CRM solutions and SCM solutions that are known for their high quality. SAP is also priced at the top end of the market. Their solutions definitely cover a range of industries and although they were once tightly focused on fortune 500 companies, they have recently begun to scale down their solutions to fit mid-sized and small companies.
Microsoft is probably the most recognizable name of the ERP software companies, but here they are not necessarily the biggest. Like all ERP software companies, Microsoft has acquired smaller ERP companies through the years in order to boost their ERP offerings. They have traditionally offered solutions for mid to small sized companies and are therefore moderately to low priced.
Infor is an ERP company that has over 70,000 customers in 100 countries. They offer a variety of ERP solutions over a broad range of industries. With products that encompass the public and private sector, CRM, ERP, finances and expenses, HR functions, SCM, and performance management, it is no wonder that they are the 3rd biggest player of ERP software companies. Like Microsoft, they typically compete in the moderately to low priced product range.
Epicor is a company with a long history of solid products. Their presence in over 150 countries with 20,000 customers is a testament to their solutions. They focus on ERP software and retail software. Over 400 of the world’s leading retailers use Epicor’s solutions. They seem to be in a growth stage at this point with several recent acquisitions of smaller companies. They are also known for good after sales support and have moderate to low priced products.
Getting to know these big five ERP software companies is a great way of getting to know what solutions are out there for your company. Don’t forget that there are also a number of other smaller, innovative and reputable companies out there. Take your time, do your research and figure out your needs.