Over 3 million people are taking benefits of using Odoo, the most well-known open-source ERP programme. It began in 2005 under the name "TinyERP," later going by the name "OpenERP," and eventually going by the name "Odoo." Various modules and Odoo features are among the major Odoo ERP benefits.
Odoo is a business software suite that could meet all of your requirements, providing you with a single solution for your entire business. It has modules for inventory, sales, customer relationship management (CRM), accounting, manufacturing, and more. With over 10,000 apps available, Odoo's app store can meet even the needs of specific industries and sectors.
Odoo offers comparatively low implementation and recurring costs. Its licencing is just one of the reasons. The Community edition of Odoo is free to use, however, it lacks some functionality and customer service. There are licence costs associated with its Enterprise edition, which has all of the functionality. These are still negligible in comparison to those of the majority of other ERP software.
Odoo is that it can be customised to meet the specific requirements of your business. Therefore, a partner can provide the feature for you even if your unique requirement extends beyond Odoo's app store or isn't appropriately covered there. This is really helpful because implementing an ERP throughout the entire firm frequently necessitates severe behaviour adjustments from your workforce. The less you need to change existing company procedures, and the more probable it is that your implementation project will be successful, the better.
The requirement for mobile ERP solutions has increased as a result of the pandemic's changes. The needed mobility can be achieved by enterprises with the assistance of customized Odoo ERP.
Odoo is adaptable and simple to integrate with because of its API flexibility. Therefore, you can integrate QuickBooks or any software that you find useful with your new ERP system. Similar to the customization benefit from before, this benefit decreases the amount of behavioural modification your business needs to make as you implement your new ERP. Additionally, you have the option to keep the software if you believe it to be the best available for that function.
Because Odoo is modular (sales, accounting, inventory, etc. are divided into components or modules), it could be developed in stages, for example, one module at a time. This makes it possible for it to go along at a manageable rate, which is especially helpful if you run a big business. Additionally, it enables you to evaluate whether two other factors—namely, the software's functionality and the implementation partner you're dealing with—are suitable.
The fact that ERP software is scalable and robust for a long time is a key feature. Software needs to be able to grow together with you since you shouldn't just see the current in it but also the future. In this respect, Odoo is excellent. You can just add more users if you're expanding your workforce. You can add new modules if you're expanding your company's functionality (e.g., adding manufacturing, eCommerce, etc.). You can continue using Odoo if you're scaling your business by expanding internationally (although such a strategy is made easier by selecting a cloud hosting option; see more on this below).
Odoo gives businesses the option of both on-premise and cloud hosting, in contrast to many software products that only support one. This gives you the option to decide what you believe is best for your business. The already mentioned Community and Enterprise editions of Odoo are further alternatives. While the Enterprise edition includes all the capabilities and is still reasonably priced, the Community version lacks functionality and customer service but could be helpful for smaller businesses.
Working on an open-source ERP system has several advantages, not the least of which is the existence of a community that works with the firm to improve the product. Developers will continually check the software for problems and add new functions and applications that could be useful to you. When Odoo publishes its new Enterprise edition each year, it adds many of these capabilities.
Increasing security is another benefit of open-source software. Insecurities in the source code can be found and fixed by developers before they are misused.
Odoo has a very simple user interface. After logging in, the main page displays the many modules to which each user has access. Users can use the top navigation bar to continue to navigate after choosing one of these modules. The user interface (UI) of the software has gotten better with each new release, both visually and functionally.
Odoo has many advantages over other software because it is open source, such as access to a passionate community and extensive customization for unique business requirements. Although there are many more advantages that could be stated, we've focused on the most important ones so you can understand what Odoo is all about.