When we discuss Odoo ERP, it has boosted approx 4 million users and is considered to be a prominent ERP suitable for all organizations specifically for a small-medium-sized company that requires a flexible approach.
The prominent feature of Odooo ERP is its flexibility which was launched in 2005, as a tiny ERP. Odoo provides users with a range of over 35 components that may be customized to meet their specific needs. It means users can integrate crucial components of their organizations like Accounting, Inventory, CRM altogether to:
- Enlarge their organization.
- Through Cloud Infrastructure.
- By integrating several components.
What distinguishes Odoo ERP from its competitors?
Odoo is an open-source business management ERP that is widely regarded as one of the most sophisticated and trustworthy solutions for running a business. The following are some of the features of the Odoo platform that make it unique:
- There is no software vendor lock-in.
- With over 7 million users, it's a tested ERP.
- A wide range of business management functions is available.
- The Odoo applications marketplace has over 20,000 supporting add-ons.
- A specialized Odoo community to help users get the most out of the platform.
Components of Odoo ERP
Accounting:
Odoo's accounting component will serve as a useful tool for managing all financial elements of your business. The accounting module would provide provision to describe taxes, payment methodologies, and options, define various payment acquires, manage financial year settings, and many other aspects of the company's financial management. It will be directly integrated with the invoicing, sales, purchase, and all other supporting modules of operation in Odoo.
Inventory:
With Odoo ERP's inventory management module, all of the company's product transportation processes, including buy, sales, e-commerce, retail, and wholesale, maybe well-characterized and managed. Furthermore, centralized administration will contribute to the company's inventory operations running smoothly.
CRM:
CRM plays a crucial role in the business process. With the options offered in the CRM module, you may generate leads, enrich them, pursue them with various actions, maintain them, and acquire chances. Other lead-rising solutions can be combined with a company's marketing efforts.
Sales:
The Odoo selling module will manage all of the customer acquisition operations, such as providing sales quotations, conducting sales operations, and describing the product to the customer, among many other things. The module works in tandem with the company's e-commerce and point-of-sale activities, as well as Odoo ERP modules including invoicing, accounting, inventory, and procurement.
Purchase:
The platform's purchase module can handle the company's purchasing management operations in Odoo ERP. A module that is directly integrated with a company's inventory and sales operations in Odoo will give you capabilities like automated reordering, setting up lead time, landing cost, and many others that will be useful in real-time operations.
