| To find out the best ERP system for a midsized | | | | almost every capable ERP system but for a made to |
| project based company first it is important to know | | | | order company it should contain enhanced and in |
| that what is the difference between traditional ERP | | | | depth insight in terms of project based accounting to |
| system and ERP for project based company. Most of | | | | provide complete solution. In ERP solutions for midsize |
| the ERP systems popular today have evolved | | | | project based company, project management shall |
| themselves from MRP i.e. manufacturing resource | | | | provide features like resource planning and resource |
| planning to ERP, they have tried to adopt the service | | | | availability integrated with project accounting and |
| based or project based system but lot of | | | | quote management to give a complete picture to the |
| customization is required which makes the system | | | | management. Resources shall include human and |
| onerous and very moderately effective. | | | | material resources, necessary for the execution of |
| There are few software which have used 'bolt on' | | | | the project. |
| technique and they contain a business process for | | | | The ERP system for a midsize and made to order |
| project companies which can be integrated with | | | | company shall have advanced features like time and |
| traditional ERP software to work as a solution for | | | | billing, budgeting and order management and |
| made to order companies. But the business process | | | | fulfillment along with other general features |
| in these PSA is from starting a new project and | | | | necessary for accounting. Though most of the ERP |
| running up to invoice making, but financial part was | | | | system may claim to have these types of features |
| missing. This solution too is a make shift arrangement | | | | in their system but the customization required availing |
| rather than a complete ERP system for midsize and | | | | them and the cost of implementation may be such |
| project company. | | | | that it may not fit in the budget of most of the |
| The implementation of ERP systems available, | | | | midsize and project based companies. |
| provide with a vertical solution in services for project | | | | There are few ERP systems for midsize and project |
| based company but they do not have end to end | | | | based companies available like ERP solution from |
| solutions for a project company. The made to order | | | | Deltek and Agresso. These systems have been |
| company need different ERP solution which can give | | | | designed specially for made to order companies and |
| it a complete solution for its projects which may | | | | do not require any sort of customization before use. |
| include quote management, inventory management | | | | Netsuite is another ERP system for midsize and |
| with demand based inventory, demand based | | | | project based company which also comes as SaaS. |
| replenishment of inventory, calculation of landing cost | | | | This makes it a solution in the reach of every |
| of inventory, consumer and volume pricing and matrix | | | | company planning to use technology for its growth |
| items. These features help a midsized and project | | | | and development. Netsuite has been used by many |
| based company to calculate and plan its inventory on | | | | companies which come with very strong accounting |
| project basis and avoid over accumulation and under | | | | features with inventory, quote and project |
| supply of the material. | | | | management features. |
| The vertical of project management is available in | | | | |