Odoo stands for On-Demand-Open-Object. Odoo is a license-free software integrating all the functionalities of traditional ERP along with advanced components for the perspective view of the business. Nowadays it will be planned to manage different scale companies.
Fundamentally it is a comprehensive business management software or we can say that it is a combination of all open source business applications. Odoo is turning into a privilege for the organization as it enables them to scale their sales growth. It consists of an integrated module that offers help to different departments to set up communication between them without using any other specific software. The developers may change the code according to their needs.
No organization can deny the use of ERP for their business processes as they assist in the smooth operation of the business process. It is a critical tool that streamlines daily activities and enhances business processes. Odoo ERP is well known open source ERP that provides the variant of the business applications to overcome the organization requirement.
Odoo is assured to help the employees, customers, vendors, and finance. The department of export and import also gets convenient with the software.
Features of Odoo
There are the following characteristics that make the ERP reliable for any organization.
Easy Installation:
The installation and setup of an Odoo are very easy. We can easily carry all the transactions all the way through quotation to the sales order, invoice, and payment due to the stability among the variant applications within the software. It can be started within a few times.
Strong Communication Technique:
The Odoo has an inbuilt feature of communication tool. It uses the messaging subsystem to communicate among the employees and helps the organization to track all the internal communication to enhance the business growth.
Improves Overall Productivity:
Marketing companies can benefit from a seamless integration ERP system that boosts production efficiency. It effectively allows divisions to spend less time ranging from daily economic activities. It also increases staff productivity by decreasing the time spent manually tracking jobs.
Increases Operational Visibility:
Tasks and workflows are highly visualized due to the integrated ERP system's unified data. Employees can readily view the work of their colleagues if the ERP system is coupled with the project management application, for example. Transparency in an organization's workflow leads to increased productivity and improved relationship management.
Data that is centralized:
With the Odoo ERP system, businesses can create a consolidated database to optimize internal processes. Businesses can save time on specific processes thanks to the centralized database. Employees from all departments can readily access the information without having to rely on other teams. For example, an accounting employee does not need to engage with the sales team every month to obtain an updated record of revenue processed by the organization.
Reasons to choose Odoo for the organization
Open Source:
Odoo is an open-source software as it does not include any license fees. It comprises two editions one is the community edition and the other one enterprise edition. The community edition does not require any fees and the enterprise edition is an up-to-date version and cost-effective due to open source. The open-source software allows the customization and integration with other application and enhance the operation of the organization. In such an application bug fixing is easy as massive numbers of developers are working continuously.
Cost-effective:
As we discussed above, there are two versions of the software, the community version is free of cost and can be downloaded and used by anyone it will help the end-users to work on the ERP software. It can be purchased from the Odoo implementation department and is a priced software. The cost of the Odoo enterprise is not much high and assist cost-effective.
Easy Customization:
Since the Odoo ERP is an open-source software it provides the provision of customization. As per the company objective, the customization of the ERP can be done. The user may select the characteristics to be integrated for their experience while utilizing the software.
Integration:
Odoo comprises many components and the integration of these components are easy to enhance the business experience. The integration allows companies to perform sales and purchases, CRM and HRMS, and a variety of additional modules all at the same time. As a result, several departments can be integrated and organization operations can be synchronized.
Benefits of Odoo Software For Small Businesses:
1. Easily understandable: The employee may easily go through the software. They can easily use the software in fulfilling their roles and responsibilities; they did not require any special training regarding software.
2. Customization: Each software needs updating after some time, the customization of the software is easy in the terms of cost and maintenance.
3. Module Integration: As the business is growing rapidly, according to our needs we can integrate a number of modules into the software.
4. Decision-making: Enhance the decision-making process within the organization. The organization makes quick decisions on the data provided by them and it will help in saving time.
5. Data-Transparency: When we export or re-enter the data of our organization the possibility of errors will be high. The software will help the organization to reduce the number of errors.
6. Scalable: The size of an organization does not matter. The software will be applicable for any kind of organization, the organization may customize the number of users according to their requirements.
7. Supportive: The users of the software are globally supported by the odoo forum via mailing system.
8. Up-to-date: The software gets updated from time to time according to the latest technology, which will be helpful for every organization. As they are not required to have an employee who is not supposed to remain updated with the current technology.
9. User-Friendly: There are several built-in themes available with the software and the user may download other themes also according to their requirement.
10. Software Integration: The software gets easily integrated with third-party service providers like social media, e-commerce websites, and many more.
To Conclude
Open ERP combines the benefits of a complete ERP system with the flexibility of an in-house solution thanks to its free business model. The open-source code, general flexibility of the project, and hundreds of modules allow you to build a solution from a selection of currently existing modules, which you can then freely alter as your needs change.
