Many businesses of all sizes rely on enterprise resource planning (ERP) solutions such as Oracle ERP Cloud and Brightpearl to help them manage different aspects of their business smoothly.
Oracle ERP Cloud is a suite of business modules composed of various ERP products that can be scaled depending on your needs. It is a dynamic ERP software that has valuable capabilities for business planning and other day-to-day operations. Brightpearl is an ERP software ideal for multichannel retailers of finished goods selling in-store, online, or via online marketplaces like eBay and Amazon.
In this article, we’ll compare some of the primary features of Oracle ERP Cloud and Brightpearl to give you an overview of what each ERP software can add to your business. If you want to get a free list of up to five recommended ERP solutions worth checking out, use our Product Selection Tool.
An overview of Oracle ERP Cloud vs. Brightpearl
Oracle ERP Cloud is an American-made ERP software introduced in 2012. This leading cloud-based ERP software serves as an end-to-end business management solution. It has features for financial planning and analysis, accounting, order management, enterprise performance management, risk management, procurement, inventory and supply chain management, reporting, and project planning and execution. Oracle ERP Cloud is ideal for every business size but is mostly used by mid-sized to large-scale companies. It has average pricing.
Brightpearl is an ERP solution from the UK that was first introduced in 2006. This highly-rated ERP software provides retail and wholesale businesses with the tools and features they need to efficiently run, automate, and scale their business. Its features include sales order management, inventory management, shipping and fulfillment, warehouse management, accounting, purchasing and supplier management, workflow automation, reporting, and analytics. Like Oracle ERP Cloud, Brightpearl is ideal for SMBs as well as large enterprises. It has average pricing.
Comparing the features
Oracle ERP Cloud and Brightpearl both have features for accounting, inventory management, and reporting.
Oracle ERP Cloud allows accounting teams to control supplier balances, invoices, and payments. Its accounting feature comes with imaging automation capability with optical character recognition (OCR) and reduces errors. Users can track and account fixed assets. They can also manage bank accounts, cash positions, and cash forecasts. Accounting teams can create customer invoices and receive and apply customer payments. This ERP software enables users to handle customer balances, recognize revenue, and manage the entire quote-to-order-to-cash process.
With Brightpearl, companies can get accurate accounting for inventory through the system’s FIFO (first-in, first-out) product costing. This feature allows users to see the true value of the inventory and achieve an understanding of the profit margins on goods sold over time. This ERP solution has an integrated landed costs feature, so businesses can ensure accurate profit analysis and financial reporting. Journals will be created automatically whenever invoices are issued for an order, payments are received, and shipments or goods are received. Brightpearl offers multi-currency accounting for international expansion. The software also has a complete audit trail for absolute transparency.
The inventory management feature of Oracle ERP Cloud provides visibility and control of the goods flow across global supply networks and the company. The software has a comprehensive materials management capability. Businesses can get real-time visibility into item quantities across internal and external locations, including goods in transit. Users can automate advanced fulfillment options, such as drop-ship, back-to-back, and supplier-consigned inventory. They can also set replenishment policies, such as min-max, PAR, and other advanced methods in conjunction with demand and supply planning.
Brightpearl’s inventory management feature comes with automated multi-location inventory tracking that ensures businesses have enough inventory on hand in the right locations to meet demand. The software gives teams a centralized view of their operations. Users can manage inventory, orders, warehouses, accounting, fulfillment, shipping, purchasing, suppliers, POS and CRM all in one centralized system. Businesses can manage multichannel and multi-locations with ease. They can determine exactly what inventory they have, how much of it is ready to sell, and where it is. Inventory levels are updated automatically based on sales, transfers, returns, and restocks. Business owners can get a complete view of inventory across their Shopify stores, other online channels, and even physical locations. Brightpearl also lets users automate repeatable tasks.
Oracle ERP Cloud has a Financial Reporting Center that enables users to run seven types of reports. The premade reports in the Financial Reporting Center include Financial Reporting Studio Reports, Account Groups and Sunburst, Smart View Reports, Oracle Transactional Business Intelligence Analyses, Oracle Transactional Business Intelligence Dashboards, Oracle Business Intelligence Publisher Reports, and Business Intelligence Mobile Apps. Oracle ERP Cloud reports can be shared by one user with another through email or by uploading reports to the Financial Reporting Center. Reports shared through the reporting center can be downloaded to a local drive.
Like Oracle ERP Cloud, Brighpearl has built-in reporting and analytics tools that provide a complete picture of the business. The reports offered by Brightpearl are Management Reports, Product Analytics, Customer Reports, Sales Channel Performance, Financial Performance, and Inventory and Demand Analysis. Users can customize reports using multiple filters, build role-specific dashboards for different members of the team, schedule delivery, and export data as needed.
Oracle ERP Cloud can be connected to other Oracle software products. It also integrates with applications for human capital management, Cloud Content Management, marketing automation, eCommerce, and customer relationship management:
Brightpearl directly integrates with platforms and solutions for eCommerce, accounting, shipping, marketing, and business intelligence:
- QuickBooks Online
Making the right decision
Both Oracle ERP Cloud and Brightpearl have significant features. In choosing an ERP for your business, it would be smart to consider the unique capabilities and features of each software. You can select the software with features that you would like to use.
Oracle ERP Cloud is the right choice for you if you’re managing a business with complex demands. The comprehensive features of this software can handle the needs of large businesses. Oracle offers a wide range of other software products that you can easily connect to Oracle ERP Cloud to guarantee that all your business needs are covered. It’s important to note, though, that this software isn’t as easy to learn as Brightpearl.
Brightpearl, on the other hand, is very user-friendly, even for beginners. However, since the software was designed for businesses in the retailing industry, it has limitations and might not be the best choice for organizations from other sectors.
If you would like to explore other dependable ERP solutions, use our Product Selection Tool.