ERP is divided into different tiers based on company size, for business growth it's important to select right ERP for your business

Understanding the 3 Tiers of ERP

What is Tier 1 ERP?

Tier one ERP is preferably for large and complex business who's gross sale is more than $500 million.

Examples of  Tier 1 ERP

There are several ERP vendors that suitable for tier one ERP criteria 1. Microsoft Dynamics 365 2. SAP 3. Syspro 4. Oracle 5. NetSuite ( acquired by Oracle)

Pros and cons of Tier 1 ERP

Pros: Tier one ERP can manage complex requirements

Cons: it's very costly to implement around $1,000,000 or more.

What is Tier 2 ERP?

Tier 2 ERP is suitable for small and medium businesses which have revenue around  $25 million to $500 million.

Tier 2 ERP Example

Some of example of tier 2 ERP is 1. Epicor 2. Plex 3. Sage and many more...

Pros and Cons of Tier 2 ERP

Pros: It can manage moderate to complex requirements, implementation time lesser(3 to 8 months) as compare to tier 1 ERP

Cons: it's not provide the complete depth of functionality in manufacturing.

Tier 3 ERP

Tier 3 ERP is used by very small businesses,  it's a simple version of ERP and not need any specialized person to use it. Some time business owner use it for financial record and order tracking.

Pros and Cons of Tier 3 ERP

Pros: Very fast implementation (2 to 6 weeks). Budget friendly and easy to learn

Cons: Possibility of fraud, very limited functionality and modules.

Tier 3 ERP example

There are lots of tier 3 ERP vendors available in market. All of them are not very popular.