Just like small businesses, enterprise companies also require business software for day-to-day activities. What works well for small startups may not work well for huge industries, you need to find theenterprise right software according to your requirements.
Here are the best enterprise software.
Cockroach Labs
Cockroach Labs is a software firm that develops commercial database management systems. Founded in 2015 by three ex-Google employees, it’s best known for CockroachDB, a cloud-native, distributed SQL database that provides “next-level consistency, ultra-resilience, data locality, and massive scale to modern cloud applications.”
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Amid the COVID-19 outbreak, Cockroach Labs saw its revenue more than double in 2020, thanks in part to wide-spread cloud adoption. The startup expects to see similar levels of growth this year and claims to be on track to double its workforce from 200 to 400 employees by the end of 2021.
Funding: Cockroach Labs raised $160 million Series E funding on Jan. 12, 2021. The round comes just eight months after the startup brought in $86.6 million Series D funding and leaves the company valued at about $2 billion.
Cohesity
There are a lot of factors that make Cohesity a ‘hot’ enterprise startup: unique technology, a founder on his second act after co-founding the now public software company Nutanix and $250 million in funding from SoftBank’s Vision Fund.
The startup was originally pitched as a cheaper way for enterprises to store what it calls “secondary data” — backups, files, test/dev and analytics data — all monitored using a single cloud platform. It has since expanded into other areas of enterprise data management, including analytics, security and rapid recovery.
Funding: In April 2020, Cohesity raised $250 million in Series E funding, bringing its total funding to $660 million. This put the company value at $2.5 billion.
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Confluent
Founded by the creators of open-source Apache Kafka, Confluent is a commercial version of the software that helps developers manage system and application messaging at high volume and add real-time streaming data to their apps.
Kafka has proved popular with companies like LinkedIn, which uses the technology for activity stream data and operational metrics; Netflix for real-time monitoring and its event-processing pipeline; and Spotify, where it’s used as part of the company’s log delivery system.
The idea behind Confluent is to make it easier for companies that don’t have a surfeit of developer power to harness Kafka.
Funding: The company announced a $250 million Series E funding round led by Coatue Management in April 2020, with participation from Altimeter Capital, Franklin Templeton, and existing investors Index Ventures and Sequoia Capital. This brought total funding in the company to $456 million and a valuation of $4.5 billion.
Front
Front was founded by French nationals Mathilde Collin, who is now CEO, and Laurent Perrin – who is CTO – after coming through the famed Silicon Valley startup accelerator Y Combinator. Front evokes the sort of evangelism often reserved for consumer apps instead of enterprise software, drawing the inevitable comparisons to Slack.
The original Front app is for any team that shares an email inbox. It is particularly handy for customer support, sales, and even PR teams. It allows emails to be assigned to team members and for teams to collaborate in a shared space, increasing response speeds.
Now, the company is looking to transform the email experience for all office workers after receiving a serious cash injection.
Funding: Front raised a $59 million Series C funding round in early 2020, led by fellow software founders like Atlassian cofounder Mike Cannon-Brookes and president Jay Simons; Okta cofounder Frederic Kerrest; Qualtrics cofounders Ryan Smith and Jared Smith; and Zoom founder Eric Yuan; and existing venture capital investors Sequoia, Initialized Capital, and Anthos Capital.
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Funnel
Swedish software-as-a-service (SaaS) startup Funnel specializes in combining and tidying marketing and advertising data for clients, regardless of where it resides, to get better insights into customers.
The software is priced on a tiered basis depending on monthly ad spending, starting at $499 a month. Reference customers include Skyscanner, Samsung, and Ubisoft.
“Visualization is done well in existing business intelligence tools once the data is properly prepared,” Funnel co-founder and CEO Fredrik Skantze told TechCrunch. “Automating the collection and preparation of the data has proven to be a very hard thing to do right and we wanted to make sure we were the best at this, which we now confidently can say we are as we hear that again and again from customers.”
Funding: Funnel secured a $47 million Series B funding round in January 2020, led by Eight Roads Ventures and F-Prime Capital, with participation from existing investors Balderton Capital, Oxx, Zobito, Industrifonden, and Kreos Capital. It is planning to expand into the US.
GitLab
GitLab is an open-source Git-repository manager built by Dmitriy Zaporozhets and Valery Sizov. Not to be confused with developer code repository GitHub, this Bay Area startup has had a big couple of years as enterprises and investors have taken a keen interest in devops.
The company has evolved from being just a git repository to helping developers track, manage, and collaborate on code with built in CI/CD functionality.
Funding: GitLab closed $268 million funding round in September 2019 led by existing investors Goldman Sachs and Iconiq Capital. As of January 2021, the company is valued at $6 billion.
Graphcore
UK startup Graphcore develops processors specifically designed for AI workloads, which it calls intelligent processing units (IPUs).
Founded in 2016 and headquartered in Bristol, it produced the world’s first graph tool chain (in 2016) designed for machine intelligence called Poplar Software Stack. In 2017, the startup added the Colossus GC2 chip to it product library and in July 2020, it unveiled hardware using a second-gen processor called GC200. GC200 is a 59-billion transistor, 823-square-millimeter integrated circuit with 1472 computational cores and 900MB of local memory.
Funding: Graphcore raised a massive Series E funding round in December 2020 of $222 million, led by the Ontario Teachers’ Pension Plan Board with participation from funds managed by Fidelity International and Schroders, along with existing investors Baillie Gifford and Draper Esprit. The firm has now raised more than $700 million.
Hopin
London-based virtual events startup Hopin had a better 2020 than most. Founded in June 2019, Hopin wants to “reimagine virtual events from the ground up and make them so good that they become no longer a sideline option but a mainstream destination.” Investors and customers alike clearly believe Hopin has achieved its aim, with the company raising the fourth-largest European Series B round of 2020.
The pandemic undoubtedly had a hand in Hopin’s success in 2020; as of November, it was claiming 3.5 million users at more than 50,000 organizations, including the United Nations, NATO, the Atlantic, UCLA, and Miro. Hopin’s workforce has also experienced high levels of growth over the past 10 months, starting 2020 with a team of 23 people and ending the year with 215.
Funding: Hopin raised a $125 million Series B round, for a $2.1 billion valuation. Launched just eight months ago, it has now raised $170 million in total — making it one of the fastest-growing startups in Europe. Hopin counts Slack, Salesforce, and Northzone amongst its investors.
Snyk
Combining some favorite buzzwords for investors — security and open source — Snyk has skyrocketed to a $1 billion valuation since it was founded in London in 2015.
Created by software engineers Guy Podjarny, Danny Grander, and Assaf Hefetz, Snyk effectively helps developers automatically spot vulnerabilities in the open-source code they run.
Funding: Snyk raised a $200 million investment round in September, led by investment firm Addition. That followed a January 2020 fundraise of $150 million, putting total funding at $450 million and a private valuation of $2.6 billion.
Tanium
Cybersecurity specialist Tanium was founded in 2007 by father-and-son duo David and Orion Hindawi who went on to sell their first business, BigFix, to IBM in 2010. It was at BigFix the pair developed a way to map and manage complex networks; with Tanium, they focused on securing large enterprise networks of connected devices.
Instead of firewalls and pre-packaged security software, Tanium takes a network-first approach, mapping an organization’s network endpoints — any internet-enabled piece of hardware on a company network — and then monitoring for breaches at device level.
Funding: Tanium shelved any IPO plans after a $200 million fundraising in October 2018. It went on to raise more funding in the subsequent years, totaling more than $1 billion to date, including investments from Salesforce Ventures and VC firm Andreessen Horowitz, with Ben Horowitz, the latter’s co-founder, sitting on the Tanium board.
Tessian
Formerly known as CheckRecipient, Tessian is a UK startup helping organizations avoid risks from with mis-sent emails.
The platform analyzes millions of data points across an organization’s email network to detect patterns of behavior and mis-addressed emails. If the machine-learning algorithm spots an unusual email address or detects potentially sensitive information in the content, it will prompt the sender to double-check before sending.
Organizations including Schroders, Man Group, Dentons, and more than 70 British law firms use the platform to protect their email networks.
Funding: Tessian raised $42 million in a Series B funding round led by Sequoia in February 2019, with involvement from previous investors Balderton Capital and Accel. The money is being earmarked for global expansion, particularly into the US. The company has now raised $60 million.
TripActions
Founded in 2015, TripActions wants to be the Expedia or Kayak of corporate travel, offering a consumer-grade platform for employees to search and book travel, while allowing managers to set granular thresholds for travel class or hotel type. It also offers employees Amazon gift cards when they save the company money on travel by booking a cheaper hotel.
Funding: On Jan. 21, the Silicon Valley-based startup raised $155 million in Series E funding, leading to a valuation of $5 billion.
ERPNext
ERPNext is a marvelous tool for businesses of any size as it helps carry out all business transactions with ease. With the most agile features, ERPNext is the best open-source software that can be modified as per the user’s requirements. You enjoy an interface design that is simple and guides you to get your work done quickly. Various solutions of ERPNext guide you with accounting, manufacturing, HR, enrollment, sales, purchase, CRM, projects, asset management, etc.
ERPNext provides tools to manage our finances better, record transactions, analyze reports and summarize financial details. A configured tree-like structure better organizes the ledgers as you desire. The crisp ledger books track our income and expenses and notify us about the closing period. You can easily track all the employee records such as attendance, payroll, expense claims with this software. It guides you through the various manufacturing and distribution cycles, sales, and purchases to increase productivity and reduce costs. Track better leads, new opportunities and maintain customer relations with ERPNext.
Features
Generates real-time reports
ERPNext helps to produce all the required reports to increase sales and boost productivity. The one glance view to the KPI (Key Performance Indicator) on the dashboard makes it easy to make vital business decisions. You can also customize the dashboard and analyze significant components of your business in one place. Also, track all the serial numbers of inventory to know the available stock and trending products.
Smart manufacturing
Use this open-sourced software with a modern cloud manufacturing interface to simplify the production cycles and manufacturing process. ERPNext assists you in analyzing the material consumption, capacity planning accurately, and manage subcontracts with ease. You can also make real-time coordination with customer relationship management, sales, inventory, accounting, purchases, etc., and get accurate information.
Assets
- Track and maintain your assets’ value, inventory, lifecycle, and depreciation, all in a centralized platform.
- Use tools to schedule, organize, track, and plan all the tasks and complete projects within the boundaries of time, quality, and costs.
- Drive more sales, boost productivity and automate various tasks to save time.
Liabilities
- The technical and theoretical aspects of this software are difficult to understand and learn.
- An amateur and learner can face difficulties while operating the software.
Oracle NetSuite
Next on the list is Oracle NetSuite. This software suits the needs of every type of business model, whether big or small. This cloud-based erp software helps you adapt to changes by ensuring clear visibility to make the right business decisions. NetSuite guides you as your business processes, enables you to quickly upgrade, and seamlessly configure other integrations. For a small business, sales, finances, and customers are of utmost importance. NetSuite is a core business system that perfectly blends all these and becomes a robust customer-facing commerce system.
Oracle NetSuite builds confidence to tackle new business opportunities with confidence. This software is an all-in-one package that includes financial management, order management, financial planning, production management, supply chain management, procurement, and warehousing. NetSuite’s billing system supports and integrates sales, improves billing accuracy, eliminates manual errors, and increases revenue recognition. The omnichannel experience of this ERP solution helps you to get orders and track them from anywhere.
Features
Financial Planning
NetSuite integrates budgeting, planning, and forecasting to ensure better control of the company’s financial data. It helps finance teams to collaboratively find solutions and clarity to the companies financial and operational efficiency. Budgeting with this powerful tool enables synchronization, collaboration, and scalable solutions to the company’s problems.
Supply chain management
Today’s dynamic world requires competency in work. The supply chain network should not be stagnant to the place and physical location. NetSuite lets you manage your supply chain irrespective of your physical location. It helps decrease the supply chain costs and increases service level by efficient planning, execution, and collaboration.
Assets
- A single platform of data for inventory, sales, orders, returns, and payments allows faster communication, greater visibility, and better consistency.
- NetSuite automates various sales, operation, and finance functions that help to increase accuracy, satisfactory order fulfillment, and reducing bill errors.
- This robust ERP solution has built-in intelligence and powerful analytical tools that help promote the growth of the company.
Liabilities
- The subscription cost of NetSuite can be costly. You have to pay more if you want advanced modules.
- If you want to customize the software, you have to consult a specialized expert or consultant. This process is costly as well as complex.
Click here to check NetSuite ERP Alternatives.
Odoo ERP
Odoo is a comprehensive ERP tool for small businesses as well as large enterprises. This open-sourced software allows customization for better usability. With fully integrated apps, Odoo helps to achieve top-notch success and business scope. Various modules of Odoo such as CRM, sales, inventory, purchase, accounting, project management, e-commerce, website builder, and more help in overall company development. The forecast of Odoo allows you to make actionable decisions based on the insights and accurate data. The flow charts, custom dashboards, and statistics aids in getting deeper real-time reports.
Real-time collaboration and messages enhance communication with customers. It also strengthens the internal communications of the company. You can also organize, schedule, plan, track, and analyze project performance. It helps to break the project into small tasks that can be allocated to employees according to their availability and skills. Odoo also helps to integrate beautiful custom design products into your e-commerce website. Automation of various sales and inventory transactions of e-commerce platforms helps in maintenance and reporting.
Features
Communication
Odoo has some integrated inbuilt tools that ensure seamless communication with customers and employees. It helps to collaborate efficiently with the team members and assures you that all members are on the same page. You can also attach small messages or notes on the sales order, purchases, invoices to communicate directly and ensure clarity.
Seamless integrations
Odoo is known for its seamless and clean integrations. You can integrate your e-commerce platforms or website to Odoo. It helps to draft a cleaner interface of your website along with your cart. The powerful e-commerce tool ensures better productivity and sales. Many other such integrations also help your company to grow efficiently.
Assets
- Odoo provides above 35 multiple modules that are essential for a company to prosper.
- This one in all ERP system integrates sales, accounting, human resources, logistics, and manufacturing.
- Odoo can be customized to suit your needs without any principal source-code modifications or structural changes.
Liabilities
- The customer service of this software can be slow, and you may not solve your problem in the first instance.
- To operate and maintain a community version of Odoo, you need advanced IT support.
Crest ERP
Crest ERP is a platform that can help startups, mid-sized businesses, and enterprises o seamlessly manage their businesses. The seamless integration of this software into your platform ensures increased CRM, inventory management, HR and payroll, project management, supply and purchase order management, sales quotes, time tracking, multi-currency transactions, and many more such activities. This is a cloud-based software that secures all your documents at a convenient and easy to access location.
Crest ERP is an ERP software that grows with your business and guides you to better business processes and features. This is an easy-to-use software that can be learned comfortably. The centralized data system promotes better and active collaboration through your network with chats, tickets, phone calls, training, and emails. You can also have add ons functionalities to your business as your company grows. This innovative and automated system increases business operational efficiency and productivity.
Features
Inventory management
Crest ERP helps you to track inventory in real-time and enhances the operational efficiency of work. This cloud ERP software optimizes warehouse transactions and helps to save time. You can also categorize different items, which helps in recording and tracking the inventories. You can ensure better control over the inventory movement. This includes issues, receipts, and returns to track them in their transit efficiently.
Sales management
Increase the efficiency in inquiry, order fulfillment, packaging, shipment, and sales. Crest also eliminates duplication errors and reduces the overall sales and cash cycle. It is a solid field force management that guides us throughout the sales process, from order placement to fulfillment. The robust forecasting and reporting tools ensure better control and solutions to business problems.
Assets
- Crest helps to centralize control by reducing redundancies in the accounts. The use of the Automatic Accounting Schedule (AAS) clarifies and simplifies the accounting system.
- It also promotes integrated project tracking and planning to enable greater visibility in operations and finances.
- You get to access real-time process order updates with the cloud ERP. Also, financial accounts and inventory balances are up to date.
Liabilities
- The dashboard can sometimes feel very dull. Some dashboard improvements can attract more clients.
- Crest ERP is not suitable for freelancers and agencies.
Conclusion
An enterprise software is a software program used by companies and organizations to power and streamline their operations. Enterprise software usually represents a significant investment in time, effort and capital; therefore, it is essential for businesses to evaluate the best ERP software before making the