Understand the Benefits of Implementing an Odoo ERP System for Your Business

What is Odoo ERP and What Makes it Different?

Odoo ERP is an enterprise resource planning system that is fully customizable and open-sourced and is mainly used to manage the company’s operations and business processes. With its wide number of apps and integration options, Odoo can combine all the features of these to provide a complete ERP solution for businesses. It is available for commercial use with a subscription and in a free version for community usage. One of the defining features that separates Odoo ERP software from other solutions is that it is open source and gives the community a chance to develop creative new solutions and features for ERP.

Oddo can be accessed from almost all devices, whether it be a desktop or a mobile device, at any time, and it offers cloud services, while the community version of the ERP software is only available on desktop. Odoo has more features, which makes it a sustainable choice for an ERP system, and it can handle many more business processes like accounting, HR, etc.

How Does Odoo Help In Managing and Streamlining Complex Business Processes?

Odoo can be the go-to business management software as it is a solution for all sizes of businesses and has apps that offer all kinds of services and features that can be integrated under one platform to smooth out business operations. With its AP automation and seamless connection between the various apps in Odoo ERP, it can help connect various business procedures from different sections and make it possible to control them under one system. Thus, any kind of workflow can be created with Odoo, connecting everything from purchases to accounts to manufacturing production orders, all of which can be automated and kept in check with minimum involvement. Overall, Odoo can help streamline the business processes of a company since it can manage the operations and finances through process automation and make the business run smoothly.

What are the Key Benefits of Using an Odoo ERP System?

Is a cost-effective ERP solution
Pay for what you require, that is the idea of Odoo take what your business operation requires and save costs instead of subscribing big packages of software which may be left unused.
The wide selection of Odoo apps to fit all kinds of business needs
There is a huge collection of business apps that can be accessed from Odoo and integrated into the business, and there is an app for any business requirement, or it can be developed thanks to Odoo being an open-source solution.
Easy automation and integration with third-party software
Odoo apps can be easily automated with AP automation and integrations, meaning it can be linked to third-party apps. This allows Odoo to collect and export data to different apps to completely automate workflows.
Scalability and ease of use of Odoo ERP system
Odoo is easy to use and can be adapted to your business with ease. The apps are linked in such a way that all processes, from setting up payment portals to creating invoices and sales orders, can be completed entirely within Odoo, and that too is automated. Along with the cloud access, it is possible to use Odoo to manage businesses from anywhere at any time.
Open source and free version for the community
Being open-sourced means there are endless possibilities for developers and businessmen to come up with new solutions that can greatly help businesses. Since the community version is free, it gives access to normal people, especially those who plan to start businesses, and gives them an opportunity to see modern-day solutions to business process automations.

The Different Modules & Features in an Odoo System

Odoo has many features and modules that can be implemented in businesses depending on the requirements and workflows to be created. Different modules can be used to manage business operations or the finances of the company. Some of these modules of Odoo are

CRM module in Odoo
The CRM module in Odoo can help you in building customer relationships and creating new leads for business.
Odoo Accounting & Invoicing
This can assist with all the accounting requirements of the company including payable, receivables, taxes, reconciling funds etc
Odoo Project Management
A business must handle multiple projects at the same and this module can help you keep track of all the projects like their progress and person in charge details
Odoo Inventory Management
Easily manage your warehouse with the inventory management module from Odoo
Odoo Manufacturing
Completely automate the workflow of the manufacturing business with the help of Odoo manufacturing and save resources.
Odoo eCommerce
Ecommerce module in Odoo can help you build an online shopping website that can help you sell your products in the online market.
Odoo Timesheets
Keep track of the projects and jobs the employees are working on with Odoo timesheets, the employees can easily enter the time details on a regular basis for the person in charge to view and access.

How to Choose the Right Partner for Your Customized Odoo Setup?

Choosing the right partner to help you implement and customize Odoo is important, a customized solutions provider can be the ideal choice. An expert will analyse your business and figure out all the Odoo customization required for it to run smoothly with minimal involvement. This way, you can save costs by purchasing only the apps that are required for your business and create workflows that can greatly save time and resources.

Alchemist Advanced Technologies has experienced team members and technical experts who can give you the most fitting Odoo solutions, which are customized to fit your business processes and help you grow as a business. Want to learn more about how Odoo can help your business? Call us at +971 56 409 6246 for customised Odoo ERP solutions.