Top 10 ERP Systems for Startups in 2022 | QuickBooks Alternatives | Xero Alternatives

Size is one of the most critical factors to identify the right solution and be successful with ERP implementation. While the opinions vary about the inflection points and how they impact a company’s need for ERP systems, there are four major groups, startup, small, mid-size, and large. The startup companies segment has revenue below $5 million. And their need for an ERP system varies substantially from the rest of the companies.

In the startup phase, especially for product-centric companies, most companies are worried about product-market fit and if their go-to-market strategy is going to scale. When the business model is being tested for its feasibility, you are better off not worrying about technical implementations as the ERP implementation can drain all of your manpower as well as the budget that should be spent in acquiring more business. Also, in this phase, the order volume is not as high to worry about automation. Your goal should be to keep the processes as simple as possible and perhaps manage through the combination of accounting software, google sheets, and a communication tool such as Slack.

Although startup companies are constrained by resources and revenue, their product mix and business model tend to be more complex than their large peers. These processes need to be tested for their feasibility before they can be coded in an ERP system. Without going through the phase of standardization and trying to automate every process that may not survive the test of time may consume unnecessary financial resources at this stage.

Also, in the startup phase, most companies can remain siloed with minimum integration required between systems. To make life easier for startup companies, you can find several options in the QuickBooks and Shopify ecosystem that will offer out-of-the-box integration with several apps such as eCommerce or marketplaces. So when you are in the startup phase, you should be looking for options that are designed for startup companies and not overcommitting to an ERP system that is likely to fail and consume your critical financial resources.

So if you are responsible for evaluating an ERP system for a startup business, you will discover hundreds of options. They all will appear similar in capabilities. They all will claim that they can do anything and everything. But make sure you are not buying the marketing hype printed on the marketing brochure. You need to go deeper and ensure that the functionality exists out-of-the-box.

So what are the factors you need to look at while reviewing ERP systems for startup businesses? Are you simply looking at the feature sets? Do you need to pay attention to the size of the product? How about the technology and platform? That's exactly what we have discussed in this video.

We have analyzed the top 10 startup ERP systems based on several criteria, including their market share among startups, the alignment of acquisition strategy with the startups, the strength of their communities with startup companies, and the depth of the cloud-nativeness of the solution, and much more.

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Resources and Links

Read More:
https://www.elevatiq.com/post/erp-sys...

Download the ERP Selection Guide:
https://www.elevatiq.com/guides-and-r...

Insights on ElevatIQ:
https://www.elevatiq.com/blog/

WBSRocks Podcast:
https://podcast.wbs.rocks/

Top 10 Most Oversold ERP Systems in 2022 (video):
   • Видео  

Top 10 ERP Vendors for 2022 (video):
   • Top 10 ERP Vendors for 2022  

Top 10 ERP Systems for 2022 (video):
   • Top 10 ERP Systems for 2022  

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The purpose of this video is not to recommend or endorse any ERP systems, but this list will give an idea of the ERP systems that are likely to do well in 2022.

For you as a buyer, you should create a good requirement list including the as-is and to-be process model that will give you a good sense of your critical success factors to select the right startup company ERP system. But it will also streamline your ERP implementation.

So if you are ready to start your journey for your ERP selection, hopefully, this list can provide a good start and perhaps some options that you may want to include with your evaluation.

If you have any questions or comments about the selection or implementation process for a startup company ERP system, don’t hesitate to leave a comment on this video or drop us a line at [email protected].

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