To find out the best ERP system for a midsized project-based company, it is necessary to first know what is the difference between a traditional ERP system and ERP for a project-based company.
There is some software that has used 'bolt-on' technology and has a business process for project companies, which can be integrated with traditional ERP software to work as a solution for made to order companies.
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But the financial part was missing in these PSAs as the business process went on to start a new project and create invoices. The solution is also a shift arrangement for midsize and project companies rather than a complete ERP system.
The implementation of available ERP systems provides a vertical solution in services for a project-based company, but they do not have an end solution for a project company.
These features help a midsized and project-based company to calculate and plan its inventory by project and to avoid over-accumulation and over-supply of materials.
The scope of project management is available in almost every competent ERP system, but for an order company to provide a complete solution it must have augmented and in-depth knowledge in the context of project-based accounting.
For the midsize project-based company in ERP solution, project management will provide features like resource planning and resource availability that will give a complete picture to the management along with project accounting and bid management. The resource will include the human and physical resources required for the execution of the project.