53% of businesses consider Enterprise Resource Planning (ERP) software a priority investment. Originally built for manufacturing operations, ERP systems have expanded to serve a wide array of industries and businesses. ERP helps organizations integrate all facets of a business including product development, manufacturing, marketing, and sales.
Not only multinational companies but even small and mid-level businesses are using ERP systems. When 96% of emerging businesses excelling in their industries rely on some form of ERP solution, having the right solution is a must.
With several ERP solutions in the market, it makes it difficult to choose one.
Thus, we present to you the top three ERP software that are mostly chosen by organizations. Our analysis will enable you to compare the best features, mobile app availability, and integrations with platforms to help you pick up the right software.
Here’s a Brief on All the Three Enterprise Resource Planning Software
1. Odoo
Odoo is an open-source ERP software. It consists of all major modules- customer relationship management (CRM), e-commerce, accounting, billing, inventory management, warehouse management, and manufacturing. Since Odoo provides all functions under a single platform, organizations can use it to streamline business processes. Odoo ERP allows for seamless communication and information management.
2. SAP
SAP stands for System Applications & Products in Data Processing. It consists of the key business functions of an organization. SAP ERP consists of several modules, including financial accounting, asset accounting, sales & distribution, material management, production planning, and plant maintenance. It prevents data duplication and helps streamline the decision-making process.
3. Oracle ERP
Oracle Enterprise Resource Planning (ERP) is a core suite of Oracle Cloud software-as-a-service (SaaS) applications. The cloud consists of Oracle Financials Cloud, Oracle Accounting Hub, Oracle Project Management, Oracle Procurement Cloud, and Oracle Risk Management Cloud. It is easy to use and allows easy organization of data.
Odoo vs SAP vs Oracle ERP: Comparative Analysis
Here is a detailed analysis of the platforms to help you pick the best software.
Pricing Plans
Free Trial– Available
Enterprise version– $20.00/month/user
Free Trial– Not available
Consumption-based pricing
Subscription-based pricing
Free Trial– Available
Financial Reporting compliance– $175/user/month
Advanced Financial Controls– $80/user/month
Advanced Access Controls– $150/user/month
Number of Users
1000+
50,000+
6000+
Key Features
Automates case resolution and communication
Creates new orders and triggers the delivery of goods
Management of multiple warehouses and structured stock locations
Supports several planning methods like Make To Stock or Make To Order
Provides tools to handle multi-level sub-projects
Provides end-to-end account management
Manage all points of sales operations
Invoice monitoring and tracking receipts
Monitors Human Costs
Records External Employees’ Services
Confirms Service Management Orders
Maintains Planning and Progress
Collects Data Plans and Sheets
AR Automation
Cash Management
Inventory tracking and forecasting
Batch Management
Financial planning and analysis
Order management
Accounting
Enterprise performance management
Revenue recognition
Risk management
Compliance and governance
Procurement
Inventory and supply chain
Project planning and execution
Product lifecycle
Platforms
Web and Mobile OS
Web and Mobile OS
Web
Support
24/5 online support
Dedicated resource center
Video tutorials
Training/educational material
User documentation
24/7 Online Support
Comprehensive FAQ section
Blogs and user guides
Detailed FAQ section
Oracle University
Training documentation
Case studies
Download and renewal support
Best for (Small/Medium/Large Enterprises)
Suitable for small, medium, and large-scale businesses.
All modern organizations. Rated high for its versatile and comprehensive platform.
Small and medium businesses who wish to streamline their business processes.
Mobile App Availability
Android and iOS
Android and iOS
Android and iOS
3rd Party Integrations
Odoo allows integrations with payment gateways, ecommerce applications, and social media platforms.
Odoo works well with UPS, USPS, FedEx, DHL, Xero accounting, QuickBooks, G-suite, and Mailchimp.
SAP offers third-party integrations with accounting, payroll, time-tracking, expense management, business operations, and point of sale platforms.
It allows you to integrate with as many as 50 applications.
Oracle ERP can be integrated with product data management systems, product life cycle management applications, manufacturing execution systems, and electronic data collection systems.
Oracle ERP allows integrations with Adobe Analytics, SessionCam, Demandbase, and Google Universal Analytics.
What’s Best
Odoo’s app store has over 10,000 apps, so even specialized industry needs are addressed.
Highly customizable
Odoo is API-friendly and easy to integrate with third-party applications
Has a modular structure and can be implemented in a phased approach
Facilitates real-time decision making
Easy scaling and management
Provides on-premise and cloud hosting
Intuitive user interface
Z- level security
Customized solutions
Real-time information increases productivity and efficiency
Reduces inventory cost and prevents overstocking of unnecessary goods
Prevents data duplication
Speeds up the decision-making process
Heavily customized
Easier functionality implementation
Accessible on laptop, phone, and tablet
Automatic software updates
Simple and intuitive user interface
Pre-built templates and processes automate a significant part of Oracle ERP Cloud migration.
What can be Improved
Odoo has an elaborate installation and set-up process. Moreover, the initial learning curve is steep.
Requires a high level of IT knowledge in order to operate fully.
Need for faster bug fixing
Complex procedure for performance tuning
Should allow easy customization
Fewer localizations included in the core platform
Lengthy learning curve
Third-party integrations could be smoother
Requires an onsite team to manage it
Lack of support for DevOPS and agile development
Slow to adopt technology changes
High license costs
Adding functionality is laborious and expensive
Can improve front end speed of interaction
Requires automated SQL tuning
Several features require additional licensing
Gaps in classroom-style learning
Need for better data processing
Requires an easier collection of diagnostic files
With a Compound Annual Growth Rate (CAGR) of 7.9% from 2014 to 2020, ERP solutions targeting small to large-scale enterprises are expected to grow exponentially.
Odoo vs SAP vs Oracle ERP: Which Works Best?
Oracle ERP is the most popular tool amongst the three software; Odoo vs SAP vs Oracle ERP, followed by Odoo and then SAP. This is because Oracle ERP is easy to use, offers automatic software updates, and is customizable.
We have offered a detailed insight into the three main ERP software. Read them to get a fair idea of the tool which best suits your organization’s requirements.
Did we miss out on any aspect? Let us know in the comments section below!
