Surpassing the $100 million revenue mark presents a significant challenge, where reliance on ad-hoc planning and siloed processes can lead to financial performance issues. Companies aiming to move beyond this stage require robust process integration and global financial and operational synergies. In the mid-market, tailored system solutions become crucial, with notable diversity, especially among upper mid-market companies nearing $1 billion in revenue. Ideal systems for mid-market businesses, whether upper or lower end, must balance advanced capabilities, scalability, and alignment with specific growth trajectory needs and constraints.

In this episode, our host, Sam Gupta, discusses the top 10 ERP systems for mid-sized businesses in 2024. He also discusses the crucial needs of mid-sized businesses and how to identify the systems designed for them. Finally, he describes the pros and cons of each solution and where each of them might be a fit.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs. rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

As businesses progress beyond the startup phase, ERP adoption becomes integral, yet disjointed solutions persist, even within an ERP-inclusive architecture, often centered on financial reporting and basic transactions. Streamlining ad-hoc processes and unique data models from the earlier stage is essential to avoid financial challenges at the next inflection point, especially with the expansion of departments leading to overlapping responsibilities. The importance of batch capabilities becomes apparent, addressing increased workload from reconciling disconnected data silos and managing ad-hoc processes, prompting a closer look at process re-engineering and tightly integrated processes, particularly in inventory management. The tactical perspective of executives, guided by current priorities and immediate needs, raises the question of which ERP systems best suit smaller businesses at this transitional stage.

In this episode, our host, Sam Gupta, discusses the top 10 ERP systems for small businesses in 2024. He also discusses the crucial needs of small businesses and how to identify the systems designed for them. Finally, he describes the pros and cons of each solution and where each of them might be a fit.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs. rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

What exactly is an ERP? It's essentially a bundled suite of various offerings. However, simply combining various offerings doesn't automatically qualify a collection of software as an ERP. The determining factor is the level of embeddedness that categorizes software as an ERP. Moreover, the components included within an ERP may vary depending on the industry. While finance and accounting typically form the core requirements for an ERP, the approaches differ—some integrate HCM and FP&A, while others incorporate PLM, WMS, and TMS. So, where does Unit4 stand in terms of capabilities, and how does it stack up against other ERP systems?

In today's episode, we invited a panel of industry experts for a live discussion on LinkedIn to conduct an independent review of Unit4’s capabilities. We covered many grounds, including their unique suite approach because of their combination of ERP, HCM, S2P, and FP&A. We also discussed the differences between service-centric and product-centric ERP and how they each differ in their process and cross-functional integration.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs. rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.