Odoo ERP System & Module Review: Features and Benefits
Odoo, is one of the most common ERP software that is generally used by a mass audience as it comes with a modular approach and can be useful in managing various business functions.
Odoo ERP also have a wide range of industry based software solution and goes well with all industry size no matter if it is small or medium-sized businesses (SMBs).
Talking out the odoo ERP, it is an open-source option for the user with works for the functions like sales, inventory management, accounting, human resources and more. The software has the most flexible solutions, which generally means that the given functions can go with the business.
Cloud-based and the on-premise are the two options that odoo can work on, it can also be used for a seamless transfer of various important data. With less time and a better management strategies.
In order to use the odoo ERP system, the user has not to be tech-savy or in simple words they should not have a very extended knowledge about tech.
The software also offers a good price point for various users, as it comes with a wide range of pricing structure. And can be used by any business owner of different size and workflow requirement.
Odoo also has the automatic capability that can be further used by the user in working on their leads management and help the user to reduce the overall manual workflow.
Features of Odoo ERP
Odoo comes with many features, let’s read briefly about each of them.
Inventory Management
It works on simplifying the overall stock tracking process, helps the user in reducing the chances of errors, and works well on optimization.
Sales Tracking
Odoo provides the user with maximum benefit, hence it works on the real-time sales analytics, it gives the business a power to take informed decisions and more.
E-commerce Integration
As the modern form of business approach is increasing the user is majorly shifting from offline stores to more online ones. It also helps the user in the same and effortlessly synchronizing the various important operations.
CRM
The CRM also called the customer relationship management that helps the user to get personalized, workflow that is specially made according to the business and further benefits in various possible ways like affordability, customization, scalability.
Financial Accounting
Financial statement, assets management and the invoicing are some of the components that can be catered under the financial accounting feature of odoo ERP. It simple words it maintains the overall businesses financial health.
Website Builder
Odoo ERP can be used in making a website really quickly, this website builder offers the user a customized professional looking workflow, also the user can select their desired theme and color palate as per their business standards, also one of the key benefits of it can be the user doesn’t really need a prior technical knowledge to make these websites.
HR Module
As the name suggest, the user can do every activity that their HR operational unit may require, it works in hiring process, maintains the time sheet, leave application and other important part of the HR module.
Odoo Modules
The ERP software odoo provides the user with around 100 plus modules or the odoo apps, these odoo modules can provide extreme benefit to the user, when implemented the right way. These odoo modules also works effortlessly on various aspect of the business that they ever need in their firm operations.
The business here can select their desired odoo module from the lot according to the business requirement. These odoo applications or the modules can be used easily and serve as a cost effective option while giving the maximum benefit to the user.
Let’s talk about each of these odoo modules one by one, the first module of odoo is accounting, that helps the user in bank cash flow, work son operations like transaction, real-time reporting, account payable control, invoice creation, documentation with all the necessary details.
The next odoo module is the odoo inventory and manufacturing, which mostly works on the components like warehouse management, helps the user in identifying the various advanced shipping routes and helps with other necessary components.
Odoo sales is the set of another component that comes in the odoo module list, where it is majorly divided into three core features, the first one being the odoo CRM, where is works on operations like the pipeline management, works for the everyday work management and its optimization.
The sales component within the ERP software odoo, helps the user in sending the quick quotations to the user, helps with the invoicing method and the overall product price discrimination.
The point of sales, is another set of odoo module that the software offers its users, it comes with the advanced shop features, works best for the users who are searching for the applications and modules with pricing features.
Overall, odoo can be a prefect ERP solution if implemented the right way, also it is equally essential to choose a good ERP partner like O2B Technologies who understand your business requirements can works accordingly towards each step, the firm also gives services like customization, integration, implementation, business consultation and more all under one single roof at an affordable price too.
FAQs
Why odoo ERP is the most used business solution software?
Odoo, is one of the most common ERP software that is generally used by a mass audience as it comes with a modular approach and can be useful in managing various business functions. Odoo ERP also have a wide range of industry based software solution and goes well with all industry size no matter if it is small or medium-sized businesses (SMBs).
What are the a few benefits of using Odoo ERP?
It works on simplifying the overall stock tracking process, helps the user in reducing the chances of errors, and works well on optimization. Sales tracking: odoo provides the user with maximum benefit, hence it works on the real-time sales analytics, it gives the business a power to take informed decisions and more.
Can I build a customized website with odoo for free?
Odoo ERP can be used in making a website really quickly, this website builder offers the user a customized professional looking workflow, also the user can select their desired theme and color palate as per their business standards, also one of the key benefits of it can be the user doesn’t really need a prior technical knowledge to make these websites.
What is odoo modules?
The ERP software odoo provides the user with around 100 plus modules or the odoo apps, these odoo modules can provide extreme benefit to the user, when implemented the right way. These odoo modules also works effortlessly on various aspect of the business that they ever need in their firm operations.
What do you mean by odoo open-source ERP?
Cloud-based and the on-premise are the two options that odoo can work on, it can also be used for a seamless transfer of various important data. With less time and a better management strategies.
Which is the best ERP provider?
Odoo can be a prefect ERP solution if implemented the right way, also it is equally essential to choose a good ERP partner like O2B Technologies who understand your business requirements can works accordingly towards each step, the firm also gives services like customization, integration, implementation, business consultation and more all under one single roof at an affordable price too.
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