Financial Memos: The Top 5 Open Source ERP Solutions

By Andrew Carter

All businesses today, no matter how small or big they, are operating electronically. Some of them are even their systems on the cloud. However, with so many options and different products available trying to choose what system your company will use is costly and time-consuming.

ERP systems, which means Enterprise Resource Planning, is a multi billion dollar industry that has empowered many businesses to take control over almost every department and function in their company in a single software. ERP systems integrate all facets of a company’s operation – from planning, to purchasing, sales, inventory, managing its social media and many, many more, leading to increased productivity, efficiency, and of course, profit.