In this blog, we’ll help you provide a fast overview of top ERP systems in Malaysia where we’ll evaluate the best ERP software briefly. We will also help you to find which is the best tools for enterprise resource management for your business in Malaysia and what criteria you will have to take into account when choosing a top ERP system.

It is easy to understand the appeal of enterprise resource planning systems (ERP systems or ERP software). After all, who wouldn’t support the concept of compiling and managing business processes in a modern, easy-to-scale module? That’s probably why, according to a 2019 report, 50 per cent of businesses plan to introduce (or upgrade their existing) ERP systems.

Furthermore, the demand for top ERP systems in Malaysia is rapidly rising as more businesses jump on board. In fact, the ERP software market is expected to be worth $60 billion by 2024 according to MarketWatch. This is at a CAGR of 8.66 per cent over the next 4 years and is likely to grow even more in the future.

What is Enterprise Resource Planning Software?

Enterprise Resource Planning (ERP) software is a software platform that incorporates many forms of enterprise-critical software into one interface. Consumer relationship management, accounting, core HR, and supply chain management functions are mostly included in ERP software. Yet, businesses can also need unique module variations to suit their needs. Because of the complexities and the number of features available by ERP software, large companies have generally implemented it. Nevertheless, recent years have shown that ERP software has proven themselves to be extremely useful for small and medium-sized businesses (SMBs) as well. This article distils the top 10 ERP systems in Malaysia and shares their special qualities.  

TOP 10 ERP SYSTEMS IN MALAYSIA

1. SAP

SAP strives to innovate and remains the technical and functional leader of ERP solutions in 2020. The SAP solutions included in our report were SAP S/4HANA, SAP Business One, SAP C/4HANA and SAP Business ByDesign. These solutions are designed for any type of company, from fortune 500 companies to SME’s across the globe.

While SAP solutions can sometimes take some time to implement, they are built specifically for a company’s needs and are very much worth your while. There are some Malaysian companies which ensure that SAP solutions are implemented and specifically designed for your business. Some of the vital success factors for a business’ ERP system, is the strength and expertise of the consulting teams and vendors.

Moreover, local Malaysian ERP consultants will understand local requirements much better compared to ERP consultants from abroad. As a result, this helps to reduce communication and language differences as well as cultural barriers when implementing ERP systems. Axxis Consulting is the top tier SAP consultant in Malaysia with an SAP Platinum partnership, which means you will be working with one of the most trusted SAP partners in the region with extensive experience in strategy, implementation and support across SAP solutions.

2. Oracle and NetSuite

Oracle has also made a global impact. Oracle ‘s acquisition of NetSuite is proving valuable for both parties. NetSuite is able to build and deliver innovative add-on features from the Oracle software suite while Oracle benefits from the leading SaaS techniques and market share from NetSuite.

The infrastructure for Oracle ERP Cloud is a dynamic collection of software that can be leveraged in simple and sophisticated ways. The NetSuite framework offers pre-configured workflows, functional roles for the dashboards and KPIs that allow quick implementation.

3. Microsoft

Microsoft has viable solutions for small and medium-sized businesses. It’s usually a good match for businesses that already utilize Microsoft’s stack of technology. Dynamics 365 was completely integrated for Finance & Accounting, and this comprehensive ERP system has now been adopted by other major companies. Dynamics 365 Business Central is another ERP system featured in our research, which is a mix of NAV, GP, and SL best practices.

4. Infor

Infor offers an ERP system that can be tailored to meet the needs of small and medium-sized businesses, as well as large businesses. Several large enterprise-type organizations are well-matched with accelerators for best implementation practices. Our research included Infor M3, Infor LN, Infor CloudSuite Distribution and Infor CloudSuite Industrial. Besides that, you may implement each of these ERP systems on-site, as a hybrid model or as a pure SaaS platform.

5. IFS

With a growing US market, and a relatively well-established name in Malaysia, IFS has solid end-to-end capabilities for production, distribution, and field service businesses. This ERP vendor offers one ERP system which is still gaining market share. Moreover, the software harnesses modular application technology that allows customers to pick and choose the features they need and add more when needed.

6. Workday

Workday is a leading HCM system, with ERP, features now usable. The provider is a market leader in HCM SaaS software. Their approach is versatile, allowing companies to configure innovative recruiting, talent management, and other essential human resources features.

7.  abas

The abas ERP system has a broad set of functions in the assemble-to-order, make-to-order and engineer-to-order environments for small to mid-sized manufacturers. Additionally, abas listens to the needs of its customers and adapts its releases to suit the specific needs of their customer. Also, various delivery options are available for the abas ERP system including on-premise, cloud and hybrid.

 8. Deltek

Deltek is a stable-stage ERP system vendor experiencing development and convergence of its products in the cloud. This company provides a diverse range of small to large businesses solutions and has versatility in its simple and advanced features. Costpoint, Maconomy and Vantagepoint are the systems featured in our research.

9. Epicor

The emphasis of Epicor’s research and development is on making the investment future-proof. Their collaboration with Microsoft makes small-medium cap business accessible for a practical solution. Our research includes Epicor E10 (their flagship product), Prophet 21, and Eagle N Series.

10. Sage

Sage Enterprise Management has strong functionality from end to end. Most importantly, their customers have been delighted with its user – friendly interface. Plus, the overall the product has high market user growth. Our research features systems such as Sage Intacct (pure SaaS), Sage Cloud X3, Sage 100 Cloud and Sage 300 Cloud.

With a top ERP system in Malaysia, businesses can better manage their time and resources. Above all, with a centralized database, it utilizes all of your information in productive ways.

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