How Top ERP Software Companies Are Offering Transparency and Operational Efficiency in the Businesses Process

The enterprise resource planning (ERP) software studies the structured and unstructured database to visualize and deliver insights based on the hidden patterns, correlation, and changing trends of the industry. The increasing need for transparency and operational efficiency in the business processes augments the adoption of different business models by key players globally, driving the ERP software industry.

According to Fortune Business Insights™, the global market for ERP Software could be worth USD 71.34 billion by 2030, recording a CAGR of 6.2% over 2023-2030. The market reached the valuation of USD 44.47 billion in 2022 and is set to reach the valuation of USD 71.34 billion by 2023.

The increasing technological advancements to reduce the complexity of ERP software systems and allowing third-party apps to maintain corporate processes more efficiently, propelling this industry. The companies are focused on improving their business processes to raise the operational productivity while tracking the running costs.

Fortune Business Insights™ Presents the Top 10 ERP Software Companies Globally

1. Oracle Corporation

Oracle EROS Cloud is a suite of integrated business software offering customers tools to manage finances, projects, visibility, and implanted reporting capabilities. The Oracle ERP Cloud includes mobile, analytics, and social collaboration abilities. Oracle ERP launches machine learning to analytical planning and predict development of broader datasets.

August 2023: Avalara, a tax compliance automation software provider for all size companies, collaborated with Oracle to integrate Oracle’s Fusion Cloud Enterprise Resource Planning (ERP) to develop a fast, accurate, easy, and automatic touchless tax compliance experience.

2. SAP SE

SAP SE develops enterprise solutions to manage business operations and customer relations. The company operates in software, cloud, and services business segments. SAP SE offers GROW with SAP, which is designed to implement cloud ERP with predictability, constant innovation, and speed.

March 2023: SAP introduced its new cloud ERP, GROW, with SAP. The new software is aimed to help mid-size companies to integrate cloud ERP and all the benefits offered by cloud solutions, which allow them to keep growing effectively and efficiently.

3. Microsoft Corporation

Microsoft Corporation offers cloud solutions, such as Microsoft 365, Azure, and Dynamic 365 services. Dynamic 365 comprises intelligent cloud-based applications across CRM, ERP, Customer Rights, Power Automate, and Power Apps, and on-premises CRM and ERP applications delivering innovative customer capabilities and operational productivity.

June 2023: Microsoft Corporation announced new Copilot AI tools in Dynamics 365 ERP for project management, finance, and procurement to display use cases for generative AI. The integration of Copilot AI into Dynamics 365 is to enhance and automated intelligence in manual processes.

4. Sage Group Plc

Sage Business Cloud deliver additional services than traditional ERP solutions. It provides real-time information about the company, ensures compliance with financial regulations, and emphasize areas for improvement for one easy-to-use and secure ERP platform.

June 2023: Sage and Amazon Web Services (AWS) partnered by integrating the Sage Intacct platform on the AWS to raise the digital capabilities of SMBs and benefit from the latest cloud management and accounting technology.

5. Infor

Infor provides cloud software for companies in the industrial markets. Infor cloud ERP solutions deliver industry-specific capabilities with wide-ranging solutions by integrating the Infor cloud platform that is built on organization services from Infor Operating Service (OS) and Amazon Web Services.

May 2023: Infor partnered with NEFC Group, a UAE-based holding company operating dealerships supplying machinery and heavy equipment to deploy Infor M3, an equipment-focused ERP system to advance control of Infor’s business while increasing the efficiency and agility.

6. Deltek, Inc.

Deltek offers ERP solutions featuring project-based organizations in a cloud platform, containing scalability, reliability, high performance, compliance, and security. Deltek’s ERP and Professional Services Automation software solutions are designed to automate and simplify core business operations while decreasing departmental barriers.

August 2023: Deltek acquired Replicon, an integrated time-tracking solutions provider, to bring together HR, finance, and project delivery on a single platform for service and project operations.

7. Acumatica, Inc.

Acumatica is a cloud ERP innovator that delivers cloud technology and flexible mobile with a unique licensing model, which support real-time view of business anywhere and anytime. Acumatica offers integrated business management applications suit, which is developed to help medium-sized companies in the fast-moving markets.

December 2022: Acumatica and Lexicon Tech, a Sri Lanka-based IT solution, consultation, and systems integrator, partner to deliver Acumatica ERP to Lexicon Tech with the resources to cater the necessities of customers within the project time and deliver high standard solutions.

8. Workday, Inc.

Workday delivers enterprise cloud applications for finance and human resource for the customers to solve and adapt complex business challenges, including allowing and supporting their workforce to manage their finances and spend on ever-changing environment.

April 2023: Workday, Inc. announced continuous momentum for healthcare companies to integrate Workday’s Financial Management, Supply Chain Management, and Human Capital Management solutions for healthcare to manage costs, retail clinical and non-clinical talent, and make decisions supporting the business.

9. Epicor Software Corporation

Epicor ERP system is industry-specific and integrated software that manages business processes across the company. Epicor’s ERP software manages accounting and finances, customers, human resources, supply chain distribution, inventory, and manufacturing production management.

March 2023: Epicor announced the acquisition of DSPanel, a cloud-based FP&A solutions provider. The acquisition will expand Epicor’s solutions for financial management that allow movers, manufacturers, and sellers to simplify and streamline planning, budgeting, financial reporting, forecasting, and scenario modeling.

10. Unit 4 

The next-generation enterprise software of Unit 4 assists customers in offering an exceptional experience to the customers of the company. The company’s integrated suite of ERP software solutions helps to delivering visibility, elevate business, and control over finances, projects, procurement, reporting, payroll, and forecasting.

August 2023: Unit 4 and East Hampshire District Council to integrate Unit4 ERP Financials to automate and simplify the Council’s business processes, support financial best practices, and decrease administration costs.

The Future of the ERP Software Industry

The increasing adoption of cloud-based and AI-based software is expected to drive this industry in the future. The increasing investments by top ERP software companies of the market to adopt the technologies to automate the business process will boost the industry in the future.