Best ERP Software for Engineering Companies Shortlist
Here's my pick of the 10 best software from the 19 tools reviewed.
Choosing the right ERP software is important for engineering companies aiming to streamline their operations and enhance productivity. However, it can be difficult to find the ideal solution with so many options available.
To help teams get started, I used my extensive experience in financial operations and ERP solutions to determine the best software on the market. In this article, we’ll explore the top ERP solutions specifically designed to meet the unique needs of engineering firms.
Whether you're looking for project management capabilities, resource planning, or strong reporting tools, my in-depth reviews will help you find the best ERP software options to drive your engineering business forward.
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Best ERP Software for Engineering Companies Summary
Tools | Price | |
---|---|---|
eresource | Pricing upon request | Website |
Adeaca | Pricing upon request | Website |
BrickControl | From $51/month | Website |
Deltek | Pricing upon request | Website |
Genius ERP | Pricing upon request | Website |
Fitnet Manager | Pricing upon request | Website |
Konnect | Pricing upon request | Website |
Boond Manager | From $98/user/month | Website |
Unit4 | Pricing upon request | Website |
IFS Cloud | Pricing upon request | Website |
![Compare Software Specs Side by Side](https://thecfoclub.com/wp-content/uploads/sites/12/2024/01/tools-comparison-chart-270x270.png)
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow to Choose ERP Software for Engineering Companies
As you work through your unique software selection process, keep the following points in mind:
- Industry-Specific Functionality: Engineering companies have unique needs that general ERP systems may not address. As a result, it’s important to look for ERP solutions that offer modules designed for engineering tasks such as project management, resource planning, and compliance tracking.
- Integration Capabilities: Engineering firms often use specialized design, simulation, and project management software. Your chosen ERP system should be able to seamlessly integrate with your existing tools to avoid data silos and ensure smooth workflows.
- Scalability and Flexibility: As engineering companies grow, their ERP needs will evolve. Choose an ERP system that can scale with your business and adapt to changing requirements.
- Cost and ROI: ERP implementations can be expensive, so it’s essential to consider upfront and ongoing costs. Evaluate the total cost of ownership, including licensing fees, maintenance, hardware, data conversion, and training. Remember, higher costs do not necessarily equate to better systems, so ensure the features you pay for are those you will use.
- Vendor Reputation and Support: The reputation of the ERP vendor and the level of support they offer are also important factors to consider. Look for vendors with a strong track record in the engineering industry and strong support services to help you and your business succeed.
Best ERP Software for Engineering Companies Reviews
This section provides an in-depth analysis and overview of each direct deposit payroll software. Below, we will walk through each tool’s pros and cons, features, and best use cases to help guide you through the software buying process.
eresource is a zero-code ERP solution designed to streamline business processes with rapid implementation.
Why I picked eresource: eresource’s zero-code platform allows extensive customization without technical programming knowledge, allowing users to easily tailor the software to their needs. It has strong project management tools, providing real-time visibility into project progress, resource utilization, and financial performance, and integrated modules for inventory management, procurement, and supply chain operations to streamline critical engineering firms’ processes.
Standout features & integrations:
Features include modules for manufacturing, process manufacturing, construction, fleet management, trading and distribution, and rental management.
Integrations include Microsoft Office, Google Workspace, Salesforce, QuickBooks, SAP, Oracle, IBM, Amazon Web Services (AWS), and Azure.
Pros and cons
Pros:
- Real-time visibility
- Integrated business modules
- Zero-code customization for workflows and processes
Cons:
- Performance issues with large data sets
- Limited integration options
Adeaca is an advanced project business automation system with real-time control, consolidating all project-related data into a single system, enabling dynamic and efficient management for project-driven businesses.
Why I picked Adeaca: Adeaca provides an integrated platform designed for project business automation. It enhances project governance, execution, and financial management, and focuses on the needs of project-based businesses. The software offers features like real-time project monitoring, risk management for mitigating potential project risks, and project financial management features that automate complex financial processes, ensuring accurate budget, forecasting, and cost control.
Standout features & integrations:
Features include project inception and governance, project financials and cost management, project schedule and operations, and project insight and business intelligence.
Integrations include Microsoft Project, Power BI, Dynamics 365, SharePoint, Outlook, Azure, OneDrive, Excel, Teams, and SQL Server.
Pros and cons
Pros:
- Strong emphasis on project governance
- Integrated project business automation
- Real-time risk management
Cons:
- Heavily dependent on the Microsoft ecosystem
- High initial investment
BrickControl is an advanced ERP solution that offers full project supervision directly on mobile devices, ensuring work is always accessible.
Why I picked BrickControl: BrickControl is highly optimized for mobile use, allowing smooth access and project management on the go. The software supports advanced project tracking, budget monitoring, resource management, and all functionality in a mobile format. Additionally, BrickControl offers real-time reporting and analytics capabilities for up-to-date information and has a user-friendly mobile interface that reduces the learning curve and ensures team members utilize the software effectively.
Standout features & integrations:
Features include project management, cost control, resource allocation, real-time data synchronization, mobile accessibility, budget monitoring, and project tracking.
Integrations include Microsoft Excel, Reviso Accounting, QuickBooks Accounting, TeamViewer, Amazon Web Services, Google Drive, Dropbox, Microsoft Project, AutoCAD, and SAP.
Pros and cons
Pros:
- Advanced budget monitoring
- Real-time data management and synchronization
- Powerful mobile-first design
Cons:
- Heavy mobile battery usage
- Potential connectivity issues due to internet connection
Deltek is a global provider of ERP software solutions tailored for project-based businesses, including engineering companies. It offers industry-specific features that cater to different requirements of various industries.
Why I picked Deltek: Deltek understands the unique challenges of engineering firms and ensures that every aspect of the project is monitored in real-time. It offers powerful analytics and reporting tools that provide insights into project performance, compliance management features to adhere to industry regulations and standards, and integration of all project-related information. Additionally, Deltek has a modular design, allowing companies to customize and scale the system according to their needs.
Standout features & integrations:
Features include project management, financial management, resource planning, business development, and tools designed to improve project visibility, streamline processes, and increase profitability.
Integrations include Microsoft Project, Salesforce, QuickBooks, Oracle, SAP, IBM Cognos, Tableau, Jira, Slack, and Trello.
Pros and cons
Pros:
- Enhanced resource utilization
- Advanced project forecasting
- Industry-specific customization
Cons:
- Potential deployment challenges
- Complex setup and customization
Genius ERP is designed specifically for custom manufacturers offering tools for estimating, scheduling, product engineering, inventory control, production planning, and accounting, all supported by industry specialists.
Why I picked Genius ERP: Genius ERP is designed to handle custom manufacturing processes, offering features like accurate estimating, quoting, and real-time production monitoring. It smoothly integrates engineering and manufacturing industry workflows, ensuring that custom projects are executed with high precision and efficiency. Additionally, the software offers powerful scheduling and resource management tools for optimizing production schedules, minimizing downtime, and ensuring projects are completed on time and within budget.
Standout features & integrations:
Features include smart scheduling, inventory management, production management, accounting, employee management, job costing, and sales CRM.
Integrations include QuickBooks, Salesforce, Microsoft Dynamics, CAD software, and various manufacturing execution systems.
Pros and cons
Pros:
- Strong CAD integration
- Real-time production monitoring
- Advanced BOM and ECO management
Cons:
- May require middleware solutions for some integrations
- May require external consultants for customization
Fitnet Manager is a cloud-based ERP solution providing real-time visibility into project achievement, resource needs, and profitability.
Why I picked Fitnet Manager: Fitnet Manager is ideal for dynamic project environments due to its scalability and real-time data synchronization. It offers a user-friendly interface that simplifies project management, financial tracking, and resource optimization without extensive software training. The system's emphasis on scalability means it can grow with the business, accommodating an increasing number of projects and users without compromising performance, making it a sustainable choice for long-term use.
Standout features & integrations:
Features include real-time resource planning, availability control, skills and profiles focus, project and contract monitoring, activity tracking, and billing based on project progress. It also provides real-time cost tracking and profitability analysis.
Integrations include Microsoft Office, Google Workspace, Slack, Trello, Asana, Salesforce, QuickBooks, Xero, Dropbox, and HubSpot.
Pros and cons
Pros:
- Real-time data updates
- Project and financial health reporting
- Smooth cloud integration
Cons:
- Steep learning curve for advanced features
- Limited to cloud-based deployment
Konnect is a web-based ERP software that provides instant visibility into people, projects, and businesses. It’s designed to improve business processes and increase profitability by capturing billable and non-billable hours, increasing employee utilization, and streamlining project management.
Why I picked Konnect: Konnect offers advanced features such as building information modeling integration, which is vital for modern architectural projects, and detailed project finances for transparency and control over costs and revenues. It's well-suited for engineering firms for its project-based features, including tools for efficient project tracking, client management, collaboration, and powerful business and project management capabilities that allow firms to plan, execute, and monitor projects in real-time.
Standout features & integrations:
Features include CRM, project management, timesheets, project-based accounting, HR, office administration, and MIS.
Integrations include AutoCAD, Revit, Microsoft Project, Primavera P6, Excel, SharePoint, Dropbox, Google Drive, Slack, and QuickBooks.
Pros and cons
Pros:
- Advanced resource management
- Engineering-specific workflows
- Strong integration with BIM
Cons:
- Time-consuming customization
- Scalability limitations for larger firms
Boond Manager is an ERP software offering features such as recruitment, prospecting, project management, timesheets, expenses, invoicing, and purchases. It’s an intuitive and collaborative platform that efficiently manages operations.
Why I picked Boond Manager: Boond Manager excels in advanced solutions for project management, financial control, and resource optimization. It offers advanced resource management capabilities for precise allocation and utilization, and strong time-tracking and billing features. The software is ideal for IT services and consulting firms because of its focus on project and client management.
Standout features & integrations:
Features include a recruitment and follow-up system, centralized CRM, simplified timesheets and expenses management, detailed invoicing, purchase management, real-time reporting, and a marketplace for additional apps and integrations.
Integrations include Gmail, Cegid, Zapier, My DSO Manager, Corporama, GCalendar, LinkedIn, Make, ShowCase, Microsoft 365, Mindee, Sage, Sepa, Signaturit, and Universign.
Pros and cons
Pros:
- Extensive customization options
- Real-time collaboration tools
- Enhanced time-tracking capabilities
Cons:
- Highly specific customization can be complex
- Limited industry-specific modules
Unit4 offers a cloud-based ERP solution to help with productivity and collaboration for people-centered organizations. It provides advanced tools to manage finance, HR, and projects, ensuring that employees can focus on what matters most.
Why I picked Unit4: Unit4 provides tools that enhance project management, financial control, and resource planning while focusing on user experience and employee engagement, making it an excellent choice for people-centered organizations. It offers self-driving capabilities leveraging AI to predict and respond to business needs, HR and talent management so firms can attract, retain, and develop top talent, and advanced automation capabilities to streamline repetitive tasks.
Standout features & integrations:
Features include financial management, project management, procurement management, core HR management, payroll management, integrated financial planning, reporting, analysis, and dashboarding.
Integrations include Microsoft 365, LinkedIn, Zapier, Gmail, Cegid, My DSO Manager, Corporama, GCalendar, Make, and ShowCase.
Pros and cons
Pros:
- Designed for user experience
- Advanced HR and talent management
- Comprehensive financial management
Cons:
- High startup expense
- Features might be excessive for non-HR-focused firms
IFS Cloud is an advanced software solution that provides integrated project and asset management, making it ideal for complex engineering environments.
Why I picked IFS Cloud: IFS Cloud combines project management, asset management, and supply chain operations into a single platform, ensuring all project-related activities, from initial planning and resource allocation to execution and maintenance, are efficiently managed. It supports complex project structures and varying project methodologies, making it highly adaptable to the needs of engineering firms.
Standout features & integrations:
Features include asset lifecycle management, project management, financial management, human capital management, supply chain management, and customer relationship management.
Integrations include Microsoft Office, Oracle, SAP, IBM Maximo, Salesforce, AutoCAD, Primavera, Bentley Systems, Esri, and Google Maps.
Pros and cons
Pros:
- Lifecycle asset management
- Flexible project methodologies
- Integrated asset and project planning
Cons:
- Lengthy deployment time
- Not well suited for small businesses
Other ERP Software for Engineering Companies
Below is a list of additional ERP software for engineering companies that I shortlisted. While they didn’t make the top 10, they’re still valuable and worth further research.
- HashMicro
Best for customizable processes
- Procore
Best for construction project management
- BQE Core
Best for project management and time tracking
- NetSuite
Best for comprehensive business management
- MRPeasy
Best for small manufacturing businesses
- Nextworld
Best for continuous innovation
- Chetu
Best for AI-driven solutions
- monday.com
Best for team collaboration and workflow automation
- Cin7
Best for inventory management and order automation
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ERP Software for Engineering Companies Selection Criteria
The criteria for choosing an ERP software for engineering companies should directly address buyer needs and common pain points, ensuring that the software serves its intended purpose effectively. As an expert who has personally tried and researched these tools, here are the requirements I use when evaluating software:
Core Functionality (25% of total score):
- Scheduling projects, resource allocation, milestone tracking, and budget management
- Maintaining optimal stock levels, tracking goods, managing procurement, and ensuring timely delivery
- Capturing, evaluating, and implementing design changes while maintaining version control and compliance
- Arranging inspections, tracking non-conformances, managing corrective actions, and documenting compliance audits
- Budgeting, cost estimating, project accounting, invoicing, and financial reporting
Additional Standout Features (25% of total score):
- Integration with CAD software which enhances collaboration and data interchange within project teams
- Allows remote access to project data, team communication, and real-time collaboration on documents and workflows through mobile accessibility
- Provides real-time insights into resource utilization, project performance, and financial metrics
- Offers flexibility, scalability, and cost-effectiveness, especially for growing engineering companies
- Allows users to tailor their interface to display the most relevant information and metrics
Usability (10% of total score):
- Easy to navigate with minimal training
- Easy to configure and manage, ensuring users have access to the necessary features and data
- Simplifies project and resource management
- Allow users to customize their view and access critical information quickly
Onboarding (10% of total score):
- Provide comprehensive training resources for new users
- Help users familiarize themselves with the software's features and functionalities
- Offer pre-configured templates and guidelines to streamline the setup process
- Provide instant assistance and answers to common questions during the onboarding phase
Customer Support (10% of total score):
- Ensures assistance is available whenever needed
- Provide personalized support and guidance
- Offers detailed documentation and troubleshooting guides
- Clear procedures for escalating critical issues to ensure customer satisfaction
Value For Money (10% of total score):
- Clear and upfront about costs, including additional fees for customizations or integrations
- Offers various pricing models to suit different business sizes and needs
- Evaluate the long-term return on investment and total cost of ownership
Customer Reviews (10% of total score):
- High ratings and positive feedback from users
- Identifies recurring issues or challenges faced by users
- Highlights successful implementations and the benefits realized by other engineering companies
- Reviews should indicate how responsive and helpful the vendor is in addressing customer concerns
Trends in ERP Software for Engineering Companies
Here are some trends I’ve noticed for ERP software for engineering companies, plus what they might mean for the future. I sourced countless product updates, press releases, and release logs to tease out the most important insights.
- AI and Machine Learning Integration: AI and machine learning are being integrated into ERP systems to automate routine tasks. This reduces human error and frees up time for more complex problem-solving.
- Cloud-Based ERP Solutions: Cloud-based ERP solutions are gaining traction over on-premise solutions due to their scalability and cost-effectiveness. They allow real-time data access from anywhere and are crucial for remote work and global operations.
- IoT and ERP Connectivity: The Internet of Things (IoT) is being connected with ERP systems to provide real-time data from machinery and equipment. This helps in predictive maintenance and reduces downtime.
- Mobile ERP Applications: Mobile ERP applications are becoming more popular, allowing engineers to access data and manage tasks on the go. This increases flexibility and productivity.
- Enhanced Data Analytics: ERP systems are incorporating advanced data analytics to provide deeper insights into operations. This helps in making more informed decisions and can lead to better project outcomes.
As ERP software continues to evolve, engineering companies are witnessing trends like increased integration with AI and IoT, enhancing predictive maintenance and operational efficiency. Staying ahead of these trends is vital for engineering companies to maintain a competitive edge in a rapidly evolving industry.
What is ERP Software for Engineering Companies?
An enterprise resource planning (ERP) system is an advanced software solution that integrates various business processes and functions into a single platform. When used by engineering companies, ERPs streamline operations such as project management, resource planning, procurement, and financial management to help teams handle the complex and specific needs of engineering projects.
Features of ERP Software for Engineering Companies
Selecting the right ERP software can significantly impact the productivity and profitability of an engineering firm. Below, I will outline the most important features to look for in ERP software tailored for engineering companies.
- Project Management Tools: Your chosen software should offer strong project management features, including scheduling, resource allocation, budget tracking, and progress monitoring. These tools help ensure projects are completed on time and within budget.
- Financial Management: An ERP software for engineering companies must provide advanced financial management capabilities, such as budgeting, expense tracking, invoicing, and financial reporting. This ensures financial transparency and supports better decision-making.
- Resource Optimization: The software should help identify overburdened and underutilized resources, allowing for quick adjustments to project demands. This feature ensures efficient use of resources and timely project delivery.
- Inventory Management: For engineering projects, managing materials efficiently is important. Your chosen software should include inventory management features to optimize material procurement, control expenses, and ensure the availability of necessary materials.
- Quality Control: The software you select should have quality control features to monitor and ensure that products meet customer specifications and industry standards.
- Data Analysis and Reporting: Your selected ERP should offer advanced data analysis and reporting tools. These tools provide valuable insights into business performance, helping firms make informed decisions, identify trends, and continuously improve processes.
- Customer Relationship Management (CRM): Integrated CRM features are important for managing customer relationships. The ERP you choose for your company should centralize customer information, automate processes like order management, and enhance customer service.
- Human Resources Management: Any ERP software you choose should handle payroll, hiring, onboarding, compensation management, and timekeeping. Automation of complex HR functions saves time and reduces errors.
- Supply Chain Management (SCM): Your ERP should offer comprehensive SCM features to track demand, manage inventory, oversee manufacturing processes, and streamline logistics and distribution. This ensures a smooth supply chain operation.
- Scalability and Flexibility: As engineering firms grow, their operational needs evolve. Your ERP should be scalable to accommodate growth without significant disruptions. Additionally, the system should be flexible to adapt to the unique processes and workflows of the firm.
Choosing the right ERP software for an engineering company involves considering various features that address the needs of the industry. By selecting an ERP system with these essential features, engineering firms can enhance their efficiency, improve decision-making, and achieve better project outcomes.
Benefits of ERP Software for Engineering Companies
Engineering companies face unique challenges requiring efficient management of resources, projects, and data. Implementing ERP software can streamline operations, enhance productivity, and provide a competitive edge. Below are some of the primary benefits you may experience while using ERP software for engineering companies.
- Improved Project Management: ERP software provides advanced tools for planning, executing, and monitoring projects, ensuring they are completed on time and within budget.
- Enhanced Data Integration: By centralizing data from various departments, ERP software ensures that all stakeholders have access to accurate and up-to-date information, facilitating better decision-making.
- Resource Optimization: ERP systems help efficiently manage resources such as materials, labor, and equipment, reducing waste and maximizing utilization.
- Regulatory Compliance: ERP software assists in maintaining compliance with industry standards and regulations by providing tools for documentation, reporting, and auditing.
- Cost Efficiency: By automating routine tasks and improving operational efficiency, ERP software can significantly reduce operational costs and increase profitability.
Implementing ERP software in engineering companies offers numerous benefits, including streamlined project management, enhanced resource allocation, and improved collaboration across departments. By integrating various functions into a single system, ERP software boosts efficiency, reduces errors, and provides real-time insights, enabling engineering firms to deliver projects on time and within budget.
Costs & Pricing of ERP Software for Engineering Companies
The costs and pricing options for ERP software can vary significantly based on the size of the company, the needs of the business, and the features included in the software package.
Below is an overview of the different plan options and their pricing to help you make an informed decision.
ERP Software for Engineering Companies Plan Comparison Table
Plan Type | Average Price | Common Features |
Free Plan | $0 | Basic project management, limited user access, and basic reporting |
Basic Plan | $100/user/month | Project management, time tracking, basic reporting, and document management |
Standard Plan | $200/user/month | All Basic features, advanced reporting, inventory management, and CRM integration |
Professional Plan | $350/user/month | All Standard features, custom workflows, advanced analytics, and multi-site support |
Enterprise Plan | Custom pricing | All Professional features, dedicated support, custom modules, and full scalability |
When choosing an ERP plan, consider the size of your company, the complexity of your operations, and the specific features you need. Each plan offers different levels of functionality and pricing, so select the one that best aligns with your business requirements and budget.
ERP Software for Engineering Companies FAQs
Here are some commonly asked questions I’ve received about ERP software for engineering companies.
Can ERP software be customized for the specific needs of an engineering company?
Yes, most ERP software solutions offer customization options to cater to the unique requirements of engineering companies. Customization can include modifying workflows, adding specific modules, and integrating with other tools and systems used by the company. This flexibility ensures that the ERP system aligns with the company’s processes and enhances overall efficiency.
How does ERP software help in resource planning and allocation for engineering projects?
ERP software aids resource planning and allocation by providing a comprehensive view of available resources, including personnel, equipment, and materials. It allows project managers to allocate resources efficiently, avoid overbooking or underutilization, and ensure that the right resources are available at the right time. The software also helps forecast future resource needs based on project timelines and workloads.
What are the challenges of implementing ERP software in an engineering company?
Implementing ERP software in an engineering company can present several challenges, including high initial costs, change-resistant employees, and the complexity of migrating data from existing systems. Additionally, the implementation process can be time-consuming and may require significant staff training to become proficient in using the new system. However, with proper planning, support, and training, these challenges can be mitigated.
How can engineering companies ensure a successful ERP software implementation?
To ensure a successful ERP software implementation, engineering companies should start with thorough planning and needs assessment. It is crucial to involve key stakeholders in the selection process and to choose a solution that aligns with the company’s goals and processes. Providing adequate employee training and support is essential to facilitate a smooth transition. Additionally, working with experienced implementation partners and setting realistic timelines can help ensure a successful deployment.
How does cloud-based ERP software benefit engineering companies?
Cloud-based ERP software offers accessibility from anywhere, real-time data updates, and scalability. It supports remote work and collaboration among dispersed teams, reduces IT infrastructure costs, and provides automatic updates and maintenance.
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