Accounting Software for Manufacturing
Accounting software and finance systems can boost productivity and efficiencies for manufacturing companies, plus enable them to operate compliantly and across borders with ease.
At ERP Research we provide independent advice and analysis for top manufacturing accounting systems, helping you find the best software, faster.
Top 10 Accounting Systems For Manufacturing
Learn everything you need to know about the best accounting solutions for manufacturers in our detailed solution comparison report. We compare top manufacturing accounting software such as SAP, Microsoft, Oracle and more.
Accounting Software for Manufacturing Small Businesses
Small and medium sized (SME) manufacturing firms need ERP systems which are cost effective, fast to implement and scalable.
Many manufacturing organizations have adopted ERP solutions such as these to handle their growth efficiently:
Infor CloudSuite Industrial (Syteline)
Infor CSI is a popular accounting solution for small and medium sized manufacturing companies in discrete and process manufacturing industries. See how Infor compares.
SAP Business One
SAP Business One has developed many manufacturing specific add-ons for various manufacturing sub-verticals including textiles, food and beverage production, making it a strong choice for small manufacturers.
Oracle Netsuite
Netsuite has become a popular accounting system choice for small and medium manufacturers that are looking for a Cloud based accounting system to manage growth across sales, production, supply chain, inventory and financials.
Odoo
Odoo is an open source accounting platform which has been used by small and fast growing manufacturing organizations looking to unify their processes from shop floor to manufacturing execution and beyond.
SAP Business ByDesign
SAP Business ByDesign is a Cloud ERP solution that serves as a stable solution with over 30 out of the box processes for manufacturing firms including make to stock, make to order and mixed mode.
Microsoft Dynamics Business Central
Microsoft Dynamics 365 Business Central is used by SMB & SME manufacturers to cater for industry specific manufacturing industry challenges and requirements.
SYSPRO ERP
SYSPRO is a popular accounting software solution for small business manufacturers in multiple industries, with a variety of process and discrete manufacturing capabilities.
Acumatica
Acumatica is a powerful Cloud based finance system which is used by SMB and small business manufacturers around the world and provides deep manufacturing ERP capabilities.
IFS Applications
IFS Applications is a strong ERP solution for manufacturers in the small and medium sized business space and is used by worldwide brands.
Epicor
Epicor is a powerful Cloud based ERP and finance system which is used by SMB and small business manufacturers around the world and provides deep manufacturing ERP capabilities.
QAD Systems
QAD Systems is a popular ERP solution for small business manufacturers in multiple industries, with a variety of process and discrete manufacturing capabilities.
SYSPRO
SYSPRO is a strong accounting solution for manufacturers in the small and medium-sized business space and is used by worldwide brands to manage production, sales orders and supply chain management.
Global Shop Solutions
Global Shop Solutions is an ERP specificially designed for small and medium sized manufacturing companies and provides flexibility and deep production capabilities at a low cost - both On-Premise and in the Cloud.
Best Manufacturing Accounting Software for Large Enterprises
What are some of the best acounting systems for large manufacturers? See our highlighted best accounting software solutions for large manufacturing companies below:
SAP S/4 HANA
SAP S/4 HANA for many is the gold standard financial management solution for large manufacturers. It provides deep industry capabilities for manufacturing and offers the largest customer base of global manufacturing organizations.
Microsoft Dynamics 365
Microsoft Dynamics 365 has become extremely popular with manufacturing organizations that need a greater degree of flexibility in their accounting system. Microsoft has also heavily invested in AI & ML capabilities to improve automation and efficiencies.
Oracle ERP Cloud
Oracle ERP Cloud is a popular accounting software solution amongst manufacturers, particularly in process industries. ERP Cloud offers integrated functionality across large enterprises including supply chain, production, HCM, financials and more.
Best Cloud Accounting Software for Manufacturing
What are some of the best Cloud accounting systems for manufacturers? See our highlighted best accounting software solutions for manufacturing that are Cloud based:
SAP S/4 HANA
SAP S/4 HANA is one of the best Cloud accounting systems for manufacturing and is used by many manufacturing companies in the food, discrete, automotive and other manufacturing industries. This Cloud accounting solution is available in private or public Cloud deployments.
Microsoft Dynamics 365
Microsoft Dynamics 365 is a robust Cloud accounting software for manufacturing system which comes in several editions built for small and large businesses alike. Dynamics is one of the best Cloud accounting systems for manufacturing, available in both private and public Cloud.
Oracle ERP Cloud
Oracle ERP Cloud is a popular finance solution amongst manufacturers, particularly in process industries. ERP Cloud offers integrated functionality across large enterprises including supply chain, production, HCM, financials and more.
SAP Business ByDesign
SAP Business ByDesign is a fully SaaS Cloud finance system for manufacturing solution that serves as a stable solution with over 30 out of the box processes for manufacturing firms.
Oracle Netsuite
Netsuite has become a popular finance system choice for small and medium manufacturers that are looking for a Cloud based ERP system to manage growth across sales, production, supply chain, inventory and financials.
Infor CloudSuite Industrial (Syteline)
Infor CSI is a popular Cloud financial solution for small and medium sized manufacturing companies in discrete and process manufacturing industries. See how Infor compares.
What is the best ERP for manufacturing in 2021?
We review the best ERP software for manufacturing? We compare and rank the best ERP software for manufacturers in 2021 including SAP Business One, Netsuite, Infor & more.
ERP Requirements Gathering (RFI, RFP) Template Excel
Start your ERP evaluation process with our RFI & RFP Excel template for the engineering industry.
ERP Project Budget Calculator Template
Calculate the costs of your manufacturing ERP project with our prebuilt budget calculator.
Manufacturing Accounting Modules & Functionality
The top ERP software for manufacturers can include a variety of modules and functionalities that allow manufacturing companies to scale and be more efficient. We review some of the key functionality for the best manufacturing ERP software below:
Accounting and Financials
The best accounting software for manufacturing has to include accounting and financials capabilities across multiple geographies and business units.
Purchasing
Purchasing needs to be controlled and accounting software for manufacturing allows you to do just this.
Supply Chain Management
Manage your supply chain effectively and deal with common issues in the manufacturing industry using SCM capabilities.
Production
Plan your supply chain and manage your manufacturing process in one wholistic accounting and finance system including bill of materials management and kits.
Engineering Management
Manufacturing finance software needs tight engineering capabilities to quickly iterate products whilst maintaining efficiencies.
Inventory Management
Accounting systems for manufacturing allow for real time insights into inventory levels across your organization to drive efficiency.
Asset Management
Manage business assets with accounting software for manufacturing to easily capitalise and monitor your assets.
Reporting and dashboards
Develop a single view of your manufacturing business in order to increase transparency, decision-making and ultimately drive results.
Customer Service
Customer service is a crucial part of top accounting software for manufacturing. Tie in data across production, sales and more with manufacturing software.
Shop Floor Management
Managing your shop floor effectively is key to providing a robust accounting and finance system for manufacturing.
Customisation
Flexible finance software that's built on an open and extensible foundation, allowing you to choose the features that suit your business needs.
Mobility
Access your accounting data at any time so you're more available to customers and take advantage of unexpected opportunities as they surface.
Development tools
Accounting software for the manufacturing industry features all of the tailored solutions an organization needs to design, build and document their projects faster.
Updates and maintenance
Backed by the consistency of market-leading vendors, ERP software regularly updates to ensure an optimal user experience.
Versatile deployments
Connects customers, partners, and employees through real-time digital relationships to improve the way you do business.
Unlimited support
ERP implementation is a longterm strategic partnership and vendors provide free unlimited technical support for clients.
Accounting Software for Manufacturing Industry Guide
When considering accounting software for manufacturing, savvy software buyers tend to have a lot of questions. Below we answer some of the most frequently asked questions around manufacturing accounting systems:
What is Accounting Software for Manufacturing?
Accounting software for manufacturing is a type of software specifically designed to help manufacturing businesses manage their finances and accounting processes. This type of software can help manufacturing businesses keep track of their expenses, revenues, inventory, and production costs.
Accounting sofware for manufacturing is also commonly referred to as ERP software, also known as enterprise resource planning software.
What is the best accounting software for manufacturing?
The best accounting software for manufacturing typically includes:
- SAP
- Oracle
- Microsoft
- Netsuite
- Acumatica
- Sage
- Odoo
- Plex
- Infor
How much does accounting software for manufacturing cost?
Accounting systems can cost anywhere from a few hundred dollars to millions of dollars per year to implement and maintain.
The cost of your manufacturing accounting system will largely depend on the size of your organization, the number of users and the functionality you require.
Accounting software is typically paid for as a subscription if you choose a SaaS or Cloud accounting system, or can be purchased outright for an On-Premise software.
What does accounting software for manufacturing do?
Accounting software for manufacturing typically covers:
- Bookkeeping
- Invoicing
- Billing
- Financial Statements
- Payroll Management
- Inventory Tracking
- Tax Preparation
- Bank Reconciliation
- Expense Tracking
However, if you need to monitor and control more business processes within your accounting system, many packages also cover:
- Procurement
- Supply Chain
- Production
- Manufacturing
- WIP Tracking
- Materials Tracking
- Traceability
- CRM
- Sales
- Customer Service
Start Your ERP Journey With ERP Research
We help manufacturing firms to prepare for ERP change by guiding them through each stage of the process:
-
Build An ERP Business Case 2-3 weeksA solid business case is a foundation you need if you are going to persuade your organization to consider enterprise resource planning (ERP) implementation. Download Business Case Template
-
Compare ERP Vendors 2-3 weeksIt’s critical to understand which ERP vendor is right for your business. Before you decide on the vendor for your company, take a look at our solution pages to find out which vendor would be best. Compare ERP Vendors
-
Get Pricing Estimates 1-2 weeksOur exclusive process removes all the salesmen from the equation and gets you real pricing estimates from every qualified vendor. Contact Us For Pricing
-
Organize A Solution Demo 1-2 weeksDuring a demo, you will learn about how large corporations are making use of ERP software and how they are improving their business practices. Book A Demo
-
Build ERP Requirements 3-4 weeksIf you're looking to buy an Enterprise Resource Planning (ERP) system or upgrade your internal systems you will need a clear definition of all the functions, features and capabilities that you expect. You can approach this challenge by building what's called an ERP requirements document. Download ERP Requirements Template
-
Shortlist 4-8 Vendors 1 weekOne of the most important phases in the ERP project lifecycle is selecting the right software vendor. Ideally, you should shortlist 4-8 vendors - based on their credentials and your requirements. Contact Us To Shortlist Vendors
Find & Compare ERP Software for Manufacturing
Use our free tool to find and compare the market leading ERP software and solutions for manufacturing. See how ERP system solutions including Oracle NetSuite, Epicor, Infor & SAP Business One stack up against the competition.