Comparison Matrix: Cloud ERP Providers

Compare the top Cloud ERP providers to find the best fit for your business

The ERP software market encompasses many vendors, offering several diverse cloud ERP applications. Some of these ERP software companies have developed vertical solutions to meet specific industry requirements for retail, distribution, manufacturing and more. This matrix is designed to help your company facilitate the process of evaluating critical aspects of cloud-based ERP systems to choose the right solution that supports your unique requirements and business needs.

We have created five assessment categories on how we would classify certain functionality and industry alignment to support a given company profile. Please keep in mind that our assignment of a specific category is our opinion and not one validated by each of the software solutions represented in our document. Many software providers claim to address a wide variety of industry and functional needs. It is our goal to provide a nonbiased and objective viewpoint based on our years of experience working with a large variety of clients.

Comparison Assessment Categories

Mature
(M)

Growth
(G)

Emerging
(E)

Third Party Solutions
(Third Party)

Not available
(N/A)

By our definition, mature reflects a software solution that is deep in functionality and should support a high percentage of business needs including specific requirements associated with a given industry focus. These solutions have a strong presence in the market, revealed through their ability to win deals and profile successful deployments across a range of companies.

A growth-based assignment indicates the core solution will support a high percentage of business and reporting requirements. This category is used for aligning solutions that continue to make investments in these industries or functional areas but haven’t reached the level of maturity we would expect in an industry-leading and mature platform. 

An emerging provider offers core functionality for a given industry or business need. However, its ability to support complex or expanded needs are limited. In addition, it might not be a strategic focus in the near future regarding investment for expansion. The solution provides basic functional or industry capabilities.

Third party solutions may provide functionality that an ERP vendor has decided not to build into their solution, they may provide more robust functionality in a specific area than an ERP provides natively, or they may extend functionality to meet the needs of a specific industry. Third party applications can be built on the cloud ERP platform or as standalone applications with pre-build integration to the ERP system.

An assignment of N/A indicates our opinion that the solution lacks functionality or focus; we are unable to offer an assessment of its value at this time.

 

ERP and financial management solutions involve more than just software. Whatever your needs—managing multiple locations, merging new business, enhancing purchasing decision-making, managing inventory, handling complex accounting functions or migrating to the cloud—your ERP solution should help to improve processes and streamline operations. The process of implementing a new ERP system usually requires consultants with specialized knowledge of application and business processes.

A cloud solution may not require fees for software installation, but otherwise, the costs are very similar to an on-premises implementation. It is important to choose the right implementation partner who has worked with a significant number of CFOs and their teams and knows how to navigate complex challenges and drive strategic decision-making.