10 Best ERP Software in India for 2024

Imagine always having real-time centralized data at your fingertips.

From streamlining to integrating core business processes, enterprise resource planning (ERP) software is helping businesses of all sizes thrive in the dynamic Indian economy.

Businesses strive for unified systems that allow real-time monitoring and control of all operational aspects like accounting, supply chain management, manufacturing, and point-of-sale systems. That’s where ERP comes in. ERP software unifies various procedures, allowing for better inventory management, savings, vendor and intra-departmental communication, and decision-making based on a single, accurate input source.

But with several ERP options in the Indian market, choosing the right one can feel like navigating a monsoon without a map. 

Fear not! We've braved the downpour and compiled a definitive list of the ten best ERP software solutions for Indian businesses in 2024.

Ready to efficiently manage all processes in an integrated system? Check out the list of the best ERP systems in India for 2024 to find the best fit for your organization.

We’ve picked the best ERP software solutions in India so you can get instant insights and the most value for your money.

G2’s Winter 2024 India Regional Grid® Report

1. SAP S/4HANA Cloud 

SAP S/4HANA is a flexible cloud ERP platform powered by AI and analytics and built for all business requirements. SAP S/4HANA Cloud enables users to perform mission-critical activities in real time from any location. Additionally, it helps introduce new industry business models and expand globally. It can be installed on-premises, in the cloud, or in a hybrid configuration for a faster time-to-value.

Highest-rated features:

SAP S/4HANA Cloud is popular for the following features:

1. Workflow capability
2. User, role, and access management
3. Text summarization

What users like best:

“The software provides a complete set of applications to manage almost any business through its system that integrates financial analysis, centralized and reliable accounting, an extensive network of professional advisors included in each module, centralized data and transactions, highly integrated business process support, and management and multiple data flows, all this is what the system proposes to companies to help them manage their businesses in an excellent way and without financial, accounting or transactional problems, because the software contains Safe and Secure App. ”

- SAP S/4HANA Review, Lazi Z.

What users dislike:

“ The AI of the software leaves much to be desired; they have not worked on this aspect. I think the service could be automated even more. Another problem is the mess of data; you have many options within the same system, so you can get lost or make a mistake, and the cost forms can be improved. I feel that the program is not very intuitive. I hope this will improve in the future as I consider SAP a leader in the labor market.”

- SAP S/4HANA Review, Noman K.

2. Microsoft Dynamics 365 Business Central

Microsoft Dynamics 365 Business Central software offers finance capabilities for analytics, AI-driven insights, and easy-to-use reporting dashboards. Integrating this ERP solution into your core company processes can improve performance and drive financial success. It enables you to go beyond transactional management to safeguard revenue, decrease risk, and save money.

Highest-rated features:

MS Dynamics 365 Business Central is well-known for the following features:

1. MPS
2. Payment processing
3. Requisition 

What users like best:

“I enjoy the setup and how user-friendly the platform is. I also enjoy that it is tied into Microsoft Office, and if you need help, they are always there to assist with anything. Overall, I would say that it’s a good platform to use, depending on the size of your company. ”

- Microsoft Dynamic 365 Business Central Review, Amanda G.

What users dislike:

“Complexity for customization and some niche industries may require specific features or modules that are not readily available. In such cases, additional customization or third-party integrations may be necessary. ”

- Microsoft Dynamic 365 Business Central Review, Sergio G.

3. SAP ECC 

SAP ERP Central Component (ECC) software is an on-premises ERP solution. It combines the digital information generated in one business area with data from other parts of the same firm in real time. SAP ECC is commonly used in medium and large businesses and was designed for use in various sectors, including pharmaceuticals, chemicals, steel, and fast-moving consumer products. It is the cornerstone of the SAP Business Suite.

Highest-rated features:

Improve business management with SAP ECC’s top features: 

1. Picking planning
2. Custom reporting
3. Integration 

What users like best:

“I like using SAP with many other applications such as Excel, Smartsheet, and Salesforce. It is easy to use with its other parts like BI and SAP Cloud.”

- SAP ECC Review, Cesar N.

What users dislike:

“The finance module of SAP seems a little bit downgraded. Oracle has an upper edge compared to SAP. SAP relies on codes instead of the software as a service model, which feels like a flow interruption.”

- SAP ECC Review, Kaustubh I.

4. NetSuite  

NetSuite ERP is a comprehensive cloud business management system that automates fundamental tasks and provides real-time visibility into operational and financial performance. It provides firms with insights into their data and better control over their enterprises. NetSuite ERP achieves this by combining an integrated suite of applications for accounting, order processing, inventory management, manufacturing, supply chain, and warehousing operations.

Highest-rated features:

Effortlessly manage multiple subsidiaries and business units with NetSuite’s efficient features:

1. Performance and reliability
2. Data import and export tools
3. Reconciliations

What users like best:

“The number of features that NetSuite offers and the ease of use are why I enjoy using this system. You can easily integrate bank feeds, including PayPal and other merchant processors, on top of your normal bank. Their customer support team is great, and they are very responsive. The implementation was smooth sailing, and our company was provided additional training sessions detailed to our specific job roles. We use NetSuite daily, and after coming from Quickbooks, this system brings so much ease and automation to our company.”

- NetSuite Review, Kalya M.

What users dislike:

“Creating specific reports to generate can be cumbersome due to the filters, criteria, and just how demanding it can be. I also think some training and guidance are not very helpful when learning some features. They seem to be very surface-level. So to figure out how to do things, you must rely on YouTube videos or Reddit forums to learn.“

- NetSuite Review, J S.

5. Oracle JD Edwards EnterpriseOne 

Oracle JD Edwards EnterpriseOne is a comprehensive software suite that helps businesses manage all their key operations, from finance and manufacturing to supply chain and customer relationships. Imagine it as the central nervous system for your company that connects everything and streamlines processes for better efficiency and insights. It's known for its flexibility and adaptability, fitting various industries and deployment options. While powerful, it aims to be user-friendly, even for complex tasks.

Highest-rated features:

Oracle JD Edwards EnterpriseOne is popularly known for its following features:

1. Output document generation
2. Data import and export tools
3. Centralized inventory database

What users like best:

“JD Edwards has a great user interface. The table structure is also laid out very well. JD Edwards can also connect with financial reporting software/report writers, which drives efficiency. JD Edward also has various workflows that promote strong controls.”

- Oracle JD Edwards EnterpriseOne Review, Geremie L.

What users dislike:

“While Oracle JD Edwards can be customized to meet specific business needs, it requires additional time and resources to make the necessary changes. This can be a challenge for businesses with limited resources.”

- Oracle JD Edwards EnterpriseOne Review, Kaushal Z.

6. Sage Intacct 

Sage Intacct is a cloud-based ERP system designed for mid-sized businesses. It offers financial management, contract and project management, inventory, and revenue recognition tools in a user-friendly interface. Known for its scalability and built-in business intelligence, it streamlines processes and offers financial insights for better decision-making.

Highest-rated features:

Some of the best features that come with Sage Intacct are:

1. Manage resources
2. Customization
3. Custom reporting

What users like best:

"Intacct's user interface is my absolute favorite feature. It's incredibly convenient and user-friendly, making it intuitive even for non-technical users. Implementation was a breeze due to its simplicity. Additionally, Intacct integrates with other tools like reporting software, ERP SIMPL, Bill, and Blackline. The customer support stands out – it's the best I've encountered among all the ERP software I've used. Intacct is truly an everyday workhorse designed for frequent use. Beyond accounting and reporting, its features handle all accounting entries effortlessly, minimizing the need for external support.”

- Sage Intacct Review, Vinod V.

What users dislike:

“I find it tricky to figure out which report to pull to get my desired answers. And sometimes, when I want specific information in my report to make it easier to follow, including that particular information is not an option.”

- Sage Intacct Review, Amanda R.

7. SAP ByD 

SAP Business ByDesign (SAP ByD) offers pre-built processes to manage everything from finance and sales to product management and buying in an integrated solution. You can streamline end-to-end processes, quickly adapt to new opportunities, and connect your firm's functions using established best practices and in-depth analytics with SAP ByD.

Highest-rated features:

SAP ByD solutions have many unique features:

1. Purchase orders
2. AR automation
3. MRP

What users like best:

“This software assists my company in project planning and maintains a record of all transactions involving goods, money, data, etc. It is especially convenient for new users due to its user-friendly interface.”

- SAP ByD Review, Mehul J.

What users dislike:

“Sometimes you have to spend some extra time manually entering the data; if by any chance you forget to save the information that time, it is more frustrating because you need to do the same thing repeatedly. Also, most of the time, the system's performance is slow, and if you don't have a good internet connection, it doesn't work.”

- SAP ByD Review, Samrudhi J.

8. Odoo ERP 

Odoo ERP is a fully integrated, customizable, and open-source software suite with hundreds of well-built business apps. Odoo's user-friendly database can handle most corporate demands, including CRM, sales, project management, manufacturing, inventory, and accounting. Odoo is an all-in-one, innovative, user-friendly solution that provides security features for company technology and software development. It is designed to fulfill the demands of businesses of various sizes and budgets.

Highest-rated features:

Odoo ERP is well-known for the following features:

1. Payment batches
2. Workflow capability 
3. Rework

What users like best:

"Odoo's components seamlessly integrate for both technical and functional understanding of diverse yet related workflows. It shines as an all-in-one commerce platform, unifying and handling almost all our sales operations, from collection to delivery, boosting revenue. The user-friendly interface offers helpful recommendations, with readily available email support with a 1-hour response rate."

- Odoo ERP Review, Gerardo H.

What users dislike:

“I encountered numerous issues, including incorrect subscription status, language settings malfunctioning, and difficulties integrating the payment gateway. Unfortunately, the responses I received from support were unhelpful and often delayed. Furthermore, despite paying for a custom plan with custom code, I experienced a lack of transparency.”

- Odoo ERP Review, Tarek A.

9. IFS 

IFS ERP is a modular software suite that lets you build a customized system to manage everything from projects and contracts to inventory and maintenance. While it has been specifically designed for complex industries like aerospace, manufacturing, and construction, it is suitable for changing market situations and business operations. This platform optimizes corporate efficiency and maximizes income streams across asset, project, and service lifecycles.

Highest-rated features:

Some well-known features of IFS include:

1. Reconciliations
2. Tags and dimensions
3. Journal entries 

What users like best:

"Navigating IFS is a breeze. The interface is straightforward and intuitive, making it easy to grasp and use efficiently. IFS provides endless customization options through menus and events, allowing you to tailor the system to perfectly fit your unique customer requirements. On top of that, the IFS Cloud + Consultancy Team is incredibly friendly and approachable. And IFS customers have access to excellent knowledge-based forums and windows to help you master the system."

- IFS Review, Jack J.

What users dislike:

"IFS ERP's implementation process is complex and time-consuming. Extensive customization options offer flexibility but contribute to a longer deployment timeline. While the high degree of customization is valuable, making significant modifications often requires specialized skills, which can be challenging."

- IFS Review, Rana Maaz A.

10. TallyPrime 

TallyPrime is an all-in-one business management software designed to streamline your operations. It behaves as a central hub for managing accounting, inventory, invoicing, reporting, and more. It helps you make informed decisions with insightful reports and efficient cash flow tracking, ultimately enhancing business efficiency. It's scalable for various business sizes and comes in different editions depending on your needs. 

Highest-rated features:

Take a look at some prominent features of TallyPrime:

1. Journal entries 
2. Integration APIs
3. Data import and export tools

What users like best:

“The new interface of TallyPrime is very user-friendly. The generated reports are better, and it's easier to customize them to our needs. Accounting has always been easy with Tally, and our company prefers only using this software. The support services are also outstanding, with the team assisting us with any issues. If they cannot assist immediately, they ensure that they call us back with a solution. Appreciate the team behind this software!”

- TallyPrime Review, Sarah T.

What users dislike:

“If you are using Tally for some types of user control and report, you need to buy some add-ons from other vendors; this is the biggest issue I have faced with Tally.”

- TallyPrime Review, Kalpesh V. 

Best ERP software in India: Frequently asked questions

Q. What are the benefits of using ERP systems for a business in India?

A. The potential for better efficiency, cost savings, and decision-making make ERP a valuable investment for many businesses. Some important benefits of ERP systems are:

• Streamlined processes: ERP integrates various departments and functions, eliminating data silos and redundancies. This allows for automation of repetitive tasks, faster workflows, and reduced manual errors.
• Real-time data access: Everyone within the organization can access accurate, up-to-date information across departments, improving decision-making and response times.
• Enhanced forecasting: ERP produces data-driven insights that allow more accurate forecasting of customer demand, production needs, and financial performance.
• Reduced operational costs: Streamlined processes, better inventory management, and optimized purchasing lead to significant cost savings across the board.
• Scalability and flexibility: ERP systems can grow with your business, adapting to changing needs and adding new modules as required.

Q. What are the common types of ERP systems?

A. Common types of ERP systems can be categorized into the following:

• On-premise ERP: This classic option involves installing and running the software on your servers and hardware, giving you complete control over customization. However, it also requires significant IT infrastructure and maintenance costs.
• Cloud ERP: Cloud ERP software is hosted and managed by the vendor and is accessible through the internet. This offers lower upfront costs, easier maintenance, and automatic updates, but customization options might be limited. Data security concerns may also persist.
• Hybrid ERP: Combines elements of both, with some modules on-premise and others in the cloud. This allows for flexibility and control while utilizing cloud benefits such as scalability.
• Multi-cloud ERP: Utilizes multiple cloud providers for different functionalities, offering maximum flexibility and redundancy. Additionally, this ERP system does require complex management.

Q. How do I choose the right ERP solution for my Indian business?

A. Choosing the right ERP solution for a business can be daunting. However, with the right approach, you can find the perfect fit to streamline your operations and boost your growth. Here are some key factors to consider when deciding:

• Business size and needs: Large enterprises require different features than startups or SMBs. Choose a solution that scales with your growth.
• Budget: ERP solutions vary in cost, with cloud-based and SMB-focused options generally more affordable.
• Industry needs: Consider industry-specific modules for features tailored to your sector (e.g., manufacturing, healthcare).
• Ease of use and implementation: Look for user-friendly interfaces and strong vendor support for smooth implementation.
• Security and data privacy: Ensure the software offers robust security measures to protect sensitive data.

Remember, your chosen ERP partner should be more than just a software provider. Look for a vendor with a proven track record, strong Indian market presence, and excellent customer support to guide you through every step of the implementation and beyond.

Q. Are ERP systems safe for my Indian business?

A. ERP systems, with their centralized data storage and access to sensitive business information, raise concerns about security for Indian businesses. While there can be certain inherent risks, the advantages of ERP systems may be leveraged with proper understanding and implementation. Modern ERP systems employ robust security measures like:

• Granular user permissions restrict access to specific data based on roles and responsibilities.
• Sensitive data is encrypted at rest and in transit, protecting it from unauthorized access.
• Vendors promptly release updates and patches to address vulnerabilities.
  Every user action is logged, enabling tracking and investigating suspicious activity.

Q. Why should I trust G2’s Grid® Report for India?

A. G2's Enterprise India Regional Grid® represents software usage in the Indian subcontinent. We have algorithmically ranked the ERP systems based on factual data from product reviews submitted by G2 users in India. This information is helpful for Indian software purchasers making informed purchasing decisions. G2's Asia Pacific headquarters in India also houses one of the company's largest workforces. Find us here: 1st Sector, HSR Layout, Bengaluru, Karnataka, 560034.

Integrating payment processes with ERP saves time and resources for both HR and finance departments. Discover some of the best payment gateways in India.