What Is Odoo ERP? How Odoo Solutions Help the Businesses
Organizations all over the world have started following the trends of digitalization and automation. They try to take advantage of emerging technologies to accelerate the business process. You can come across different ERP systems in the market. But, Odoo has become a prominent name as an open-source ERP system.
Odoo was previously called Tiny ERP, and in 2014, the software gained popularity as Odoo. Although there are several ERP tools, Odoo is different from them due to its customization options. You can integrate third-party tools into Odoo based on your specific needs.
How to get the optimal value from Odoo
You can leverage different features of Odoo according to your needs.
- Manage your finance (Accounting)
Using Odoo, it will be easier to deal with your assets, budgeting, analytic accounting, multi-company consolidation, and a lot of other activities.A single click lets you deliver a professional-looking invoice. Moreover, online payments and follow-ups can be automated easily.
- Ease out the sales process (Sales)
Odoo has templates to help you in designing highly polished quotes within a few minutes. You can also show pricing details and special offers clearly.Odoo presents you with a user-friendly interface where you can find details of your sales activities. Furthermore, you can work on the sales funnel to identify potential revenues, best opportunities, and new communications. You can automatically generate leads from your VoIP calls and emails. Thus, you do not need to put much effort into manual data entry.
- Develop your website with Odoo (Website development)
Odoo has integrated intuitive website builders with an easily navigable design. Odoo has every feature essential to develop a high-end eCommerce platform and informational website. For instance, you may add product descriptions and catalog pages to your website much easily.
- Manage your inventory effortlessly (Manufacturing & Inventory)
Double entry is one of the common problems in inventory creation. But Odoo lets you reduce the risk of double entry. Moreover, your manufacturing activities will be easily manageable with Odoo. Odoo lets you automate your process of scheduling work orders and manufacturing orders.
- Control Marketing campaigns (CRM)
Odoo has several functions intended to refine your marketing activities. From SMS marketing and email marketing to social marketing, everything will be manageable. You can send mass emails to your customers and leads. Proper use of Odoo ERP modules will make your mailing campaign successful, and you can increase conversion rates.
- Manage projects and events
Odoo has a real-time solution for project management. From contract creation to invoicing, everything will be under your control. Moreover, this software has tools to host conferences and webinars. Online events can be managed from the dashboard.
- Simplify Procurementfunctions (Procurement)
The purchasing workflow can be automated with the ERP, Odoo. You can create procurement rules based on logistic rules, stock rules, and manufacturing orders. It is also easily to track product availability and order status from the app.
- Recruiting and retaining your talent force (Human Resources)
Centralize your HR details in a single dashboard. You can track your employees’ attendance by creating timesheets. Restrict accessibility to sensitive details. The software also sends alerts on new leave requests from employees. Employee evaluation, talent recruitment, appraisals, and several other things can be done with Odoo.
Thus, we can conclude that Odoo is one of the most reliable enterprise solutions with several built-in applications. This software is useful for businesses of different sizes and industries. Augment your regular functionalities with automated and streamlined features of the Odoo ERP software.
How Odoo is Better than the Rest?
A highly affordable ERP solution
As you have a small business, you may be concerned about your ROI and the cost of premium software. You do not need to pay an additional cost for server operation. Moreover, the subscription charge is comparatively low. At a reasonable rate, you can find a comprehensive operation ability. Furthermore, Odoo is customizable according to your needs.
An all-in-one ERP solution
Odoo ERP has a modular infrastructure and distinctive modules that are important for your business management. You can find modules for Inventory, Purchase, Sales, Manufacturing, Invoicing, and HR management tools. These are interconnected tools, and you will be able to manage your business efficiently.
An open-source software
As Odoo is an open-source platform, you can streamline your business processes and increase productivity. Odoo developers have created a vast community that deals with ASCII text files. There is a minimal risk of facing technical issues with the software.
Localization
Odoo lets you integrate localized tools useful for your business operation. Based on the region of your business operations, you can integrate different modules. Thus, multi-currency management can become easy with this software.
Easy to implement
You do not need much skills to implement the software. You can make module-wise implementation to prevent interference with the overall system.
Highly scalable
With the growth of your business, you can scale up your ERP software. Multiple users are manageable at a time. There is no limitation regarding the efficiency and features.
A myriad of apps
19000+ apps are available in Odoo App Store. Several Odoo modules are available in free version. The premium ones are found with minimal charges. Odoo has renowned partners in this world to provide apps.
Instant help
Odoo partners are present in different parts of the world. Thus, you can easily get technical help from professionals.