Previously, we reviewed 10 enterprise-level general ledger accounting software solutions. And, while financial accounting is certainly a critical component of any company’s software suite, many enterprise-rated organizations will have business process needs that warrant moving up to enterprise resource planning (ERP) software. Fortunately, almost all of the accounting vendors we reviewed earlier are also capable of extending their product platforms to full ERP functionality.
These suites are designed in a modular fashion for the most part, which means you can purchase only the features your organization needs. Plus, the suites are squarely aimed at the small to midsize enterprise (SME) market. Typically, we review products that are aimed either at small to midsize businesses (SMBs) or enterprise organizations. The SME designator is less an indication of size than of the complexity of the business. To make an investment in ERP software worthwhile, a business has to have a need for custom business processes, multinational commerce, or fairly complex manufacturing or supply chain requirements. That’s where SMEs become the better indicator rather than SMBs. A SME organization can still be roughly the same size as a high-end SMB (figure SMEs will typically grow between 100 and 1,000 employees), but it’s a business with enough complexity and high-end requirements as to make ERP a good investment.
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