SAP AND ORACLE: WHICH ERP SOFTWARE WINS IN 2019?
SAP and Oracle are the largest ERP’s on the market, closely followed by several others including Microsoft Dynamics.
Both SAP ERP system and Oracle ERP system have amazing financial management capabilities. Features like accounts payable, accounts receivable and fixed asset management all tie with a perfect score.
Oracle’s ERP system scores significantly higher in budgeting. SAP’s software has relatively basic budgeting – containing the abilities to manage and execute general planning. Oracle, on the other hand, boasts a specialized tool called ‘Asset Lifecycle Management’. It enables you to fully realize the financial potential of your equipment and other facilities. You also get a series of features that handle the typical budgeting needs of any business.
Oracle outscores SAP’s basic features here as well. SAP will do the job, but Oracle’s advanced pricing tools could make all the difference for your company. Oracle can change your base prices to match market segment, currency, exchange rate and more. It can also manage profit margins, rebates and discounts using set guidelines.
Oracle is a good choice for your HR management, but SAP goes the extra mile here. SAP manages a plethora of HR functions and allows users to access critical information on them all in one place. Employees also enjoy a designated portal, so they can update their own information as needed. SAP ERP software also helps with things like payroll and offers e-recruiting functionality to help companies know how they’re dealing with employee retention and battling turnover.
As you can see, there’s no right or wrong answer for this – it’s dependant on your requirements on your company as a whole and which aspects of your ERP are most important to you.