Are you a business owner in Malaysia looking for the best ERP system to manage your operations effectively?
Look no further!
As we step into 2023, the options for ERP systems continue to grow, making it challenging to choose the right one. But don’t worry, we’ve got you covered!
Here, we will discuss the top 7 ERP solutions in Malaysia in 2023, so you can make an informed decision and take your business to new heights.
Let’s dive in!
The list of 7 best ERP systems in Malaysia
Here is a comprehensive list of the 7 best ERPs you can choose from. We have gone into great depth to understand user requirements and highlighted the pros and cons of each ERP solution.
1. SAP ERP
SAP ERP is a popular solution used by many Malaysian businesses. It is designed to help SMEs manage their financials, sales, inventory, and operations efficiently.
SAP offers a user-friendly interface and can be easily customized to meet the most specific business needs.
SAP Fiori: Great UX and multi-platform support
If you are looking for a company to provide SAP ERP Solutions in Malaysia, Axxis consulting can be an ideal choice.
Over the years, they have gained tremendous expertise in providing SAP ERP solutions and already have multiple clients in Malaysia, including “Ayam Brand,” “Simply Siti,” “Heineken,” “Ferrotec,” “ TuneTalk,” “and Sumirubber.”
- SAP ERP offers a comprehensive suite of applications that can be tailored to meet specific business needs.
- It has a user-friendly interface and is easy to navigate.
- SAP ERP provides real-time data analytics and reporting, which helps businesses make informed decisions.
- It’s known for its powerful and impressive data processing capabilities, which allow businesses to handle complex transactions and access reliable data at the source.
- Integrates seamlessly with other SAP solutions, such as SAP Business Intelligence and SAP Customer Relationship Management.
- It offers excellent customer support and training resources.
- It is used by large and technologically advanced firms globally, indicating its effectiveness in meeting the needs of complex organizations.
- It requires specialized IT skills and expertise to manage and customize.
- SAP ERP can be complex and overwhelming for new users, requiring extensive training.
2. Oracle NetSuite
Oracle NetSuite is a cloud-based ERP system that offers a comprehensive suite of applications to manage various business functions. It includes modules for financial management, order management, production control, and supply chain management, among others.
Here are some pros and cons of Oracle NetSuite.
- NetSuite is an all-in-one solution that supports growth from SME to large enterprise.
- Offers subscription pricing model with the flexibility to add or remove users as needed.
- Offers customization options.
- Provides strong financial management features.
- Supports multi-currency transactions.
- Provides real-time insights through customizable dashboards.
- Subscription pricing can change over time.
- Basic support is limited, and additional support comes at an extra cost.
- Customizing reports can be challenging.
Also read: SAP Vs. Oracle: 2023 Comparison
3. Microsoft Dynamics 365
Microsoft Dynamics 365 is an integrated ERP and CRM solution that offers a wide range of features for businesses. Some of the pros and cons of “Dynamics 365” include.
- Mature, end-to-end solution that connects your entire business and integrates seamlessly with other Microsoft products and third-party apps.
- Provides complete visibility into your entire business and accessible insights with centralized data from accounting, sales, marketing, purchasing, inventory, and customer interactions.
- Adaptability with the ability to customize the platform while staying current with the latest versions of Dynamics 365, which provides users with a significant advantage.
- Easy migration, implementation, and updates, thanks to the platform being based in the cloud.
- Lack of transparency in some areas.
- Complex and difficult to learn for some users, requiring significant training to use effectively.
- Some features require a higher level of technical knowledge for optimal utilization.
- Users feel the pricing structure can be confusing, costly, and lacks extensive support.
Download SAP Business One Vs Microsoft Dynamics 365 Comparison Chart
4. Epicor ERP
Epicor ERP provides comprehensive solutions for managing manufacturing, distribution, retail, and service operations. It offers features such as production planning, scheduling, tracking, supply chain management, financial management, and customer relationship management.
Let’s dive into some pros and cons of Epicor ERP.
- Modularized features offer flexibility and the ability to deploy gradually.
- Robust financial management module with extensive tools for generating reports.
- Intuitive interface with the option to choose between classic or modern modes.
- It can be suitable for multiple industries.
- Allows implementation by the department to contain and fix workflow issues.
- Implementation and customization can be complex.
- Expert team/user required for maintenance.
- Slow support response time.
- Cloud solution UI could be improved.
- Slow reporting.
- The shop floor data collection screen is not intuitive.
- HRM integration with financial and HR applications needs improvement.
5. Infor ERP
Infor ERP is another cloud-based ERP system that offers a range of industry-specific solutions for businesses in manufacturing, distribution, healthcare, and other sectors.
Some pros and cons to consider when thinking about Infor ERP include.
- Wide range of tools available to cater to multiple industries
- Centralized asset management feature to easily track stocks and affairs
- Cross-channel processing capabilities to maintain good customer relationship
- Centralized storage/backup of all enterprise data with database system implementation
- High cost of ERP software, planning, customization, configuration, testing, and implementation
- Highly time-consuming deployment, taking 1-3 years or more to complete and be fully functional
- Additional indirect costs due to ERP implementation, such as new IT infrastructure and WAN link upgrades
Acumatica is a cloud-based ERP system that offers features such as financial management, distribution, project accounting, and customer management. It is designed to be flexible and can be easily customized to meet specific business needs.
Here are some pros and cons of Acumatica:
- Flexible deployment options, including SaaS subscription, on-premise setup, or hosting partner.
- An easy-to-use interface that is consistent across devices.
- Scalable with the ability to add more modules and features as needed.
- Built using industry-standard development tools for easy customization.
- Flexible upgrade schedule based on individual business needs.
- Pay only for the resources and modules used, with the ability to add more as needed.
- Relatively short history compared to some competitors.
- A unique pricing structure may be confusing for those familiar with other ERP systems.
- The implementation may require working with a partner and can seem daunting due to the many features and customization options available.
7. Sage X3
Sage X3 is an ERP system that offers a comprehensive suite of applications for managing financials, supply chains, manufacturing, and distribution operations. It is suitable for companies of all sizes and can be easily customized to meet specific industry requirements.
- User-friendly interface with customizable dashboards
- Scalable for businesses with multiple lines of business
- Industry-specific modules and customizations available
- Fully integrated and automated processes for increased efficiency and analytics
- The difficulty of custom configurations, especially with Sage’s proprietary 4GL language
- Concerns with customer support, including lack of responsiveness and expertise
- Limited quality controls, with potential for user error and vague error messages
The Bottom Line
After evaluating the top ERP solutions available in Malaysia, it’s clear that there are several great options for businesses to choose from. Each system has its strengths and weaknesses, and ultimately, the best ERP system for a business will depend on its specific needs, budget, and goals.
For businesses looking for a robust and widely-used ERP system, SAP ERP is a popular choice, with its extensive functionality and integration capabilities. Oracle NetSuite and Microsoft Dynamics 365 are solid options, with their cloud-based solutions and comprehensive features.
Ultimately, the best ERP system for a business will depend on its unique needs and priorities. It’s important to thoroughly evaluate each system and work with a knowledgeable implementation partner to ensure successful deployment and long-term success.
7 FAQs: Best ERP Systems in Malaysia
1. What is an ERP System?
An ERP solution is an enterprise resource planning software that integrates all business processes and information into a single system for improved efficiency and decision-making.
2. What are the benefits of using an ERP system?
Some benefits of using an ERP solution include increased productivity, improved data accuracy, better collaboration across departments, and streamlined business processes.
3. What is the best ERP system in Malaysia?
There is no one-size-fits-all answer to this question, as the best ERP solution in Malaysia will depend on the specific needs and goals of your business. However, some popular options in Malaysia include SAP Business One, Oracle NetSuite, and Microsoft Dynamics 365.
4. How do I choose the right ERP system for my business?
To choose the right ERP solution for your business, you should consider factors such as your budget, the size of your company, the industry you operate in, and the specific features and functionalities you require.
5. Can I customize my ERP system to meet my business needs?
Yes, many ERP solutions offer customization options to meet the unique needs of your business. However, customization may come at an additional cost and require specialized expertise.
6. How long does it take to implement an ERP system?
The time it takes to implement an ERP system can vary depending on factors such as the size of your company, the complexity of your business processes, and the level of customization required. On average, implementation can take anywhere from several months to a year or more.
7. What kind of support can I expect after implementing an ERP solution?
Most ERP solutions offer ongoing support, such as technical assistance and software updates. You should inquire about the level of support offered by the ERP vendor before making a purchase.