The List of Leading ERP Softwares in Malaysia 2023
Looking for the best ERP software in Malaysia? Nowadays, most businesses from startups and SMEs to large enterprises in various industries leverage ERP software to streamline operations, enhance efficiencies, and promote data-driven decision-making. However, there are multiple software in the market, which leads to the challenge of choosing the right ERP software.
Knowing the standard issue, we will discuss the top 7 ERP software in Malaysia in 2023, so you can make an informed decision and reach a new horizon.
Types of ERP Software in Malaysia
Cloud ERP software, exemplified by solutions like Acumatica and NetSuite, is implemented in the cloud and accessed through the Internet. Actually, Cloud ERP is becoming increasingly common for businesses, from startups to large enterprises, due to its excellent advantages of its. Hosted in the cloud, so cloud ERP brings scalability, flexibility, and ease of access from anywhere. With cloud ERP, businesses can eliminate the need for on-premises infrastructure, reducing hardware costs and maintenance efforts. Utilizing cloud ERP systems, businesses can automate updates and data backups to access the latest features and protect data securely.
On-premises ERP software in Malaysia, such as Epicor Prophet, is installed and maintained on the company's servers and IT infrastructure. This deployment option gives businesses complete control over their ERP system and data security. It is particularly suitable for organizations with specific compliance requirements or those that prefer to manage their IT infrastructure internally. While on-premises ERP may require higher upfront investment and ongoing maintenance, it offers the advantage of maintaining sensitive data within the organization's premises.
An illustration of a hybrid ERP is Microsoft Dynamics 365 Business Central. It is a lower-cost blend of ERP capabilities from the cloud and on-premises systems. Businesses have customization and flexibility choices because to hybrid ERP. Your critical data is stored on-premises with the highest level of security while utilizing the cloud for scalability, remote access, and collaboration, so you don't have to be concerned about it. Unlike cloud ERP and on-premises, hybrid ERP strikes a balance between retaining control over sensitive data and utilizing cloud technology.
Top best ERP Software in Malaysia 2023
Acumatica - the most common ERP Software used in Malaysia
Acumatica is the best ERP software in Malaysia developed by Acumatica. Acumatica has gained recognition for its comprehensive functionality and flexible cloud-based deployment.
Acumatica is well-known as a cloud-based ERP, which is reasonable for small and medium-sized enterprises to manage and scale. Acumatica allows businesses to access and utilize the software online, eliminating the need for on-premises infrastructure.
Acumatica is a feature-rich cloud-based ERP software that offers a wide range of functionalities designed to optimize and streamline various aspects of enterprise management. Let's explore the key features provided by Acumatica:
- Financial Management: Efficiently manage your organization's financial operations with Acumatica's comprehensive financial management module.
- Distribution Management: From order management to inventory control and purchasing, Acumatica enables you to effectively handle sales orders, manage inventory levels, and optimize procurement processes.
- Manufacturing Management: Acumatica empowers manufacturing businesses with advanced manufacturing management features.
- Project Accounting: Set project budgets, allocate resources, track time and expenses, and monitor project financials to ensure projects are delivered on time and within budget.
- CRM: Acumatica's CRM module enables the capture and track leads, drives sales opportunities, and provides exceptional customer service with features like lead management, opportunity tracking, and customer support functionalities.
- Acumatica for Manufacturing
- Acumatica construction
- retail commerce management software
- Acumatica for Distributors
- Cloud-Based: Users can access the system and data through the internet, enabling remote work capabilities and facilitating collaboration across teams and locations.
- Customization: With Acumtica’s highly customizable features, companies can tailor the software to their needs and workflows.
- Integration: Acumatica is designed to integrate with other applications and services seamlessly. Businesses can incorporate Acumatica with existing CRM software, e-commerce platforms, or third-party applications.
- Mobile-Friendly: Acumatica offers mobile access and a responsive user interface. With the availability of mobile apps, users can conveniently access the ERP system using their smartphones or tablets.
- User-Friendly: Acumatica provides a user-centric approach that reduces training time, increases user adoption, and ensures a smooth transition to the new ERP system.
- Complexity technology: Advanced customization within Acumatica may require technical expertise who specialized technical skills or assistance from developers.
- Cost: Implementing and customizing Acumatica can incur charges based on specific business requirements. It is essential to carefully evaluate the cost implications and return on investment to ensure that the benefits derived from Acumatica outweigh the associated expenses.
- Training: While Acumatica offers an intuitive user interface, businesses may need to invest time and resources in training their employees to maximize their productivity and proficiency with the software.
- Unlimited users, One low price
- Cost based on the need for functionalities and customization
Odoo - Open-source business management software
Odoo is a powerful and versatile ERP software in Malaysia that offers various features and functionalities to streamline multiple aspects of enterprise operations. Odoo ERP provides an all-in-one solution with a comprehensive suite to cover essential business operations. Businesses can modify the program to their needs with top-tier technology by utilizing Odoo's customizable functionality and multiple modules.
- CRM: Manage leads, opportunities, and customer interactions effectively with features like contact management, activity tracking, and sales pipeline management.
- Sales: Streamline sales processes with features for quotation management, order processing, contract management, and sales performance tracking.
- Inventory Management Open Source: Optimize inventory levels, track stock movements, and manage warehouse operations with functionalities for stock control, warehouse management, and real-time inventory tracking.
- Odoo Manufacturing: Plan and control manufacturing operations from schedule management to track inventory.
- Odoo Accounting: Handle financial management tasks such as general ledger management, invoicing, accounts payable and receivable, bank reconciliation, and financial reporting.
- Project Management: Plan, execute, and monitor projects with features for task management, resource allocation, project timeline visualization, and progress tracking.
- Human Resources: Manage employee data, recruitment processes, attendance tracking, leave management, performance evaluations, and employee self-service functionalities.
- Odoo e-commerce: Build and manage online stores like product catalog management, shopping cart functionality, payment gateway integration, and order fulfillment.
- Odoo ERP financial management
- Odoo manufacturing
- Odoo ERP development for healthcare
- Odoo for construction industry
- Odoo ERP for banking industry
- Odoo for wholesale & retail
- Comprehensive Functionality: From CRM and sales to inventory management, manufacturing, and accounting, Odoo provides businesses with an all-in-one solution that reduces the need for separate systems and improves data integration.
- Flexibility and Scalability: With its customizable functions, Odoo can scale along with its needs as businesses grow, ensuring continued support for expansion and changing business processes.
- Open-Source and Active Community: Odoo remains up-to-date with the latest technological advancements and benefits from the collective knowledge and experience of the community.
- Integration Capabilities: Odoo offers seamless integration with third-party applications, allowing businesses to connect and synchronize data with external systems.
- Complexity for Advanced Customization: While Odoo provides extensive customization options, advanced customization may require technical expertise or assistance from developers.
- Learning Curve: Due to the breadth of features and functionalities Odoo offers, new users may face a learning curve when initially using the software.
- Have a free trial
- Standard Version: $7.25 user/month
- Customizable Version: $10.90 user/month
Microsoft Dynamics 365 Business Central
Microsoft Dynamics 365 Business Central which is suitable for SMEs organizations, is a cloud-based ERP software in Malaysia. The ERP software provides a unified platform for managing from financials, sales, customer service, purchasing, and inventory to projects.
- Financial Management: Track and analyze financial data effectively.
- Sales and Customer Management: Manage their sales processes, from lead generation to opportunity management and sales order fulfillment.
- Purchasing and Vendor Management: Track purchase orders as well as identify, manage, and maintain strong vendor relationships.
- Inventory Management: Gain real-time visibility into inventory data to make informed decisions regarding stock management.
- Project Management: Keep track of time and expense to ensure accurate project costing and progress.
- Microsoft Ecosystem: Leverage the integration with the existing Microsoft investments and achieve a unified digital environment.
- User-Friendly: Easy to use and navigate user interface to access quickly and reduce time to train.
- Scalability: When expanding, you can flexibly deploy and update the required functionalities and add more modules and users.
- Reporting and Analytics: Provide advanced reporting capabilities and real-time insights into business performance to make data-driven decisions.
- Mobile Access: Stay connected and perform tasks even when away from their desks because Business Central can be accessed through mobile devices.
- Limited Customization: Relatively limited to customize compared to other ERP software solutions because businesses have complex or unique processes, which required top-notch technologies and seasoned teams to deploy.
- Licensing: The costs of using Business Central may vary based on the licensing model and the number of users and required modules.
- Essentials Version: From $70 per user/month
- Premium Version: From $100 per user/month
- Team Members Version: From $8 per user/month
Epicor Prophet - Used for a variety of enterprise
Epicor is a robust ERP software in Malaysia that helps manufacturing and distribution businesses streamline operations, improve efficiency, and drive growth. Therefore, Epicor provides a full range of inventory and supply chain management features to be purpose-built to drive growth and modernize workflows.
- Manufacturing Management: All aspects of the product manufacturing processes from production schedules, and product quality to compliance.
- Supply Chain Management: Handle the entire production flow of the product from raw material sourcing to production, logistics, and delivery to the final destination.
- Financial Management: With comprehensive capabilities for finance, Epicor assists businesses manage general ledger, accounts payable and receivable, and cash management.
- Sales and Order Management: All customer orders and sales performance and trends are controlled in the platform.
- CRM: Manage lead and opportunity to track customer interactions, manage sales pipelines, and enhance customer relationships.
- Industry-Specific: As we know, Epicor is specially designed for manufacturing and distribution industries so it can adapt to the necessary needs of the industry.
- Scalability: Easy to scale when the company grows and expands.
- Manufacturing Expertise: Having in-depth manufacturing functionality allows businesses to have better control over their production processes, improve efficiency, and maintain quality standards.
- Robust Reporting: Generate comprehensive reports, analyze data, and gain valuable insights into their operations, helping them make informed decisions.
- Global Capabilities: Epicor Prophet supports multi-site and international operations.
- Complex Implementation: Implementing Epicor Prophet requires thorough planning and skilled expertise to ensure successful adoption.
- Customization Complexity: Advanced customization in Epicor Prophet may require technical knowledge.
- Higher Cost: Higher prices especially for complex deployments that involve extensive customization or integration with other systems.
- User Training: Adequate training may be necessary to use Epicor Prophet effectively.
- Free trial unavailable
Sage UBS - has a free trial for enterprise
Sage UBS is an ERP software in Malaysia developed by The Sage Group for startups and enterprises. Sage UBS suits firms of various sizes and industries with a range of features and functionalities to help businesses manage their accounting, financial management, inventory control, sales, purchasing, and payroll processes.
- Accounting and Financial Management: Automate the financial processes from financial transactions, and track income and expenses, to generate accurate financial reports.
- Inventory Management: Make stock control easier and handle all types of inventory transactions just with your fingertips.
- Sales and Purchasing: Sage UBS facilitates the management of sales and purchase processes to create and track sales orders, purchase orders, and quotations.
- Point of Sale (POS): For businesses with retail operations, Sage UBS offers additional features for point-of-sale transactions.
- Payroll: Sage UBS includes payroll management functionality to handle employee management, payroll processing, and compliance with statutory requirements.
- Versatile Functionality: Sage UBS has a set of functions that meet various different business needs.
- Localized Compliance: Sage UBS is designed to comply with Malaysian accounting and taxation regulations which adhere to local statutory requirements, simplifying compliance processes.
- POS Capabilities: Add-on features specifically tailored for businesses with retail operations using multi-warehousing functionality.
- Ease of Use: To navigate and quickly adopt the software to accelerate onboarding.
- Strong Support: Easily access Sage support and a network of partners, which receive assistance and guidance when needed, enhancing the overall user experience.
- Customization Limitations: Have limited customization options compared to other ERP solutions.
- Scalability: While Sage UBS can accommodate businesses of various sizes, its scalability in supporting complex business requirements may need improvement.
- Advanced Analytics: The reporting and analytics capabilities of Sage UBS may be relatively basic compared to more advanced ERP solutions.
- Integration: Sage UBS may have limitations regarding integration capabilities with third-party systems.
- Based on the number of users and modules needed
- Have free trial
NetSuite - Suitable for larger enterprises
NetSuite is a comprehensive cloud-based ERP software in Malaysia. NetSuite provides software services for core business functions, including finance, sales, inventory, customer relationship management (CRM), and e-commerce operations.
- Financial Management: Automate core finance and accounting processes and provide in-depth analysis of the performance of your business.
- Order Management: Automate the order-to-cash process and manage the life cycle of an order.
- Inventory Management: Updating the real-time inventory to identify which and how much stock to order at what time.
- CRM: Manage lead and opportunity management to boost customer service and marketing automation.
- E-commerce: Seamlessly integrated e-commerce capabilities, or SuiteCommerce, establish and manage their online sales channels.
- Wholesale distribution
- Cloud-Based: An all-in-one cloud platform can access anytime, anywhere to control business operations via the Internet.
- SuiteCommerce: Flexible integration with the system to create and manage online stores.
- Advanced Analytics: Always provide reporting and analytics capabilities in real-time about business performance.
- Global Capabilities: Expand your store with multi-site and international operations.
- Integration: Extensive integration capabilities with third-party systems.
- Cost: The costs for implementation is relatively higher than other ERP software, especially for complex deployments or businesses with extensive customization requirements..
- Complexity: NetSuite ERP software is quite complex, so to deploy or custom requires expertise and thorough planning for successful adoption.
- Customization: Advanced customization in NetSuite may require technical knowledge or assistance from developers. Therefore, you can waste money on deploying and customizing.
- Based on the number of users, required modules, and the complexity of the implementation.
You must carefully analyze your company's unique demands and requirements before choosing the best ERP software in Malaysia. Consider features, scalability, support, and pricing carefully before making a decision in order to be well-informed. You can obtain thorough, current information that is suited to your company's needs by consulting with the relevant Malaysian ERP software firms or accredited partners.
In order to manage and grow your business, we demonstrated the best ERP software in Malaysia, as was already discussed. The best ERP software for Malaysian businesses must be carefully chosen, though. The best e-commerce development businesses, for instance, must be located if you're building an e-commerce website.
Contact us today to consult top-notch technology!