Trending Project-Based ERP Software
Momentum scores for Project-Based ERP are shown below. The Momentum Grid® highlights each product’s Momentum score on the vertical axis and the product’s Satisfaction score on the horizontal axis. These scores are based on G2’s Satisfaction and Momentum algorithms. Products with a top 25% Momentum Grid® score are shown within the shaded area below.
Project-Based ERP Momentum Grid® Description
A product’s Momentum score is calculated by a proprietary algorithm that factors in social, web, employee, and review data that G2 has deemed influential in a company’s momentum. Software buyers can compare products in the Project-Based ERP category according to their Momentum and Satisfaction scores to streamline the buying process and quickly identify trending products. For sellers, media, investors, and analysts, the Momentum Grid® provides benchmarks for product comparison and market trend analysis. Badges are awarded to products with the top Momentum Grid® scores.
Products included in the Momentum Grid® for Project-Based ERP have received a minimum of 10 reviews. There must also be at least a year of G2 data for the product to be included. These ratings may change as the products are further developed, the sellers grow, and additional opinions are shared by users; a new Momentum Grid® report will be issued for this category as significant data is collected.
Project-Based ERP Software Definition
Project-based enterprise resource planning (ERP) systems provide an end-to-end business solution for all company departments that generate revenue by conducting complex projects. These systems contain modules that address financial management, project and resource planning, sales and marketing, as well as project risk and governance. By recording all project-related information, companies gain visibility into the type of projects that are the most profitable. Industries utilizing a project-based ERP system include engineering, construction, and government contractors. Project-based ERP systems require precise tracking of the profitability of each project and portfolio. This type of software is used mainly by members of the project management office department, such as project and program managers or analysts.
There are two major types of project-based ERP solutions:
- Focused best-of-breed software, which focuses exclusively on project-based industries.
- Broader ERP systems that provide features for project-based companies combined with functionality for manufacturing or distribution.
While product-based businesses generally utilize ERP systems, project-centric manufacturers use a project-based ERP system to better plan and monitor operations. This type of software should not be confused with project management software, which only focuses on projects and does not provide features for operations. These systems may also integrate with CRM software and human resource management systems.
To qualify for inclusion in the Project-Based ERP category, a product must:
- Include functionality for project, program, and portfolio management
- Provide an end-to-end solution for all project-based work of a company
- Track and record resources and costs on a project and portfolio level
- Deliver front office (sales and marketing) and back office (procurement) features
- Manage suppliers, subcontractors, contracts, as well as bids and RFPs
- Support project-accounting features as well as time and expense tracking
- Integrate with or provide modules for HR, workforce management, or payroll
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