ERP has been plays an important role to run organization better. It is a software that manages major department of your organization likes sales, purchase, warehouse/inventory, customer service, accounting etc. ERP for small business is slightly high cost. However, there is so many open source ERP system available in the market to provide better service for small to medium level companies at affordable cost. Odoo is an open source ERP system which is the best business suite for your small business. Odoo Implementation cost is cheaper as it is an open source ERP system.

Using an open source ERP system can provide better financial state. The most admire things in open source ERP system that you can download it online with free license. Additionally, you can modify the source code to create the new module for your individual business requirements. Odoo is a cost-effective solution. Odoo for small business is best option as an ERP and some of the major benefits are listed below:

1. Transparency:

Instead of each department having its own information system, all relevant data can be shared and accessed by a few clicks by integrating an ERP system. This eliminates the need to re-enter or export data which can result in fewer errors. It increased the productivity of your company and reduced the expenses on human resource.

 

2. Quick Decision making:

Real-time data provided by the ERP system can be beneficial for management, marketing, accounting and enables your organization to make vital decisions on time which reduce the overdue of deadlines. Teams can detect any potential issues that may bump the productivity level. An overall report of operations allows the business leaders to make an effective decision on time and respond quickly to a changing business environment.

 

3. Boost Productivity:

Perhaps one of the enormous benefits that can be enjoyed from ERP for small business is an increase in productivity, which is important for any company’s bottom line. With increased transparency by smooth business processes, employees can shift their focus on managing enlarged volumes of business. This aids in transforming various features of your business and overcoming the challenges involved in your business growth as well.

 

4. Streamlined Data Flow

Besides, when your small business makes the swap to ERP software, you can enjoy streamlined data flow. This is exclusively true among fast-growing businesses, which may run into problems when it comes to data being discriminate in different departments. For example, financial data needed by the inventory department may be difficult to get ahold of. With an ERP software, everything is in one place and all official data is available to each department.

 

5. Exceeding Collaboration

Implementing an ERP can bring a huge change on the matter of struggling with collaboration. Poor communication and lack of collaboration often come as a result of employees not having access to data when they need it. When all employees have access to data across all the departments, collaboration is better facilitated because these workers are better able to see the “big picture” within your company.

 

6. Reduce Operating Costs

Perhaps most important fact for many small business owners is that an ERP system evidently reduces overall operating costs. By streamlining data into one software application, now you can save money on the individual software and management systems that you were previously paying for in each department.

 

Being an Odoo partner O2b Technologies has gained years of experience which is nest among the Odoo companies in the market.

Visit our website www.O2btechnologies.com for any further details on odoo.