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When youre ready to choose cloud ERP software for your business, its important to take into consideration what your business needs. There are essential features, such as inventory and financial management, but there are also bonuses that may make or break your decision, such as ease of use or integrations available.

Consider the features of each cloud ERP software youre looking into, but also look at what each one specializes in and how it can help your business. Some cloud ERP software are better for manufacturers, while others may offer tools vital for e-commerce businesses. Below are what Forbes Advisor suggests as must-have features and the key factors you should consider before signing on any dotted line.

You can find some cloud ERP software that offers features for every vertical in your company, but not all do. Some are better suited for manufacturers and dont include features needed by retailers or e-commerce businesses, for example. Be sure to consider the departments you have in your company and what features are most important to each.

Generally, ERP software is complex because theres so much you can do with it. You should consider how easy it is to use for all users. Cloud ERP software can come with a steep learning curve, especially for those who are less tech-savvy. Look for software thats customizable with zero or low code, that has easy-to-understand guides and training for users.

Implementation is something thats usually considered for traditional ERP software because it requires more help. Cloud ERP software is far easier, but you may want to consider asking your provider for help in setting up workflow automations, custom reports and settings you need for your business.

Implementation is just one part of overall support. Most cloud ERP software offer 24/7 support via one or more common channels, including phone, email, live chat or a ticketing system. Look for help documentation that can be accessed via the platform and paid training for your staff.

Cloud ERP software is more affordable than on-premises solutions, but its still fairly expensive. Most providers charge a monthly per-user fee. You can find some that offer a flat fee for unlimited users, but its rare to see this pricing structure. Keep in mind that you may need to pay for support, implementation and customization help. There could also be hidden maintenance fees or resource fees, given that your provider will be hosting the platform on its servers.

If you have software that you want to keep using for your business, its important that you note which ones are must-haves to cross-reference with a cloud ERP softwares list of integrations. Alternatively, you may have access to an open API, which would allow you to connect any software you have to your cloud ERP software, but this may require some dev help.

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Best Cloud ERP Software (May 2023) Forbes Advisor - Forbes