Odoo is an ERP (Enterprise Resource Planning) system consisting of a collection of individual modules responsible for certain functions. The use of this system provides a solution to problems in almost all areas of a modern company. A so-called all-in-all business management system. Sounds engaging, doesn’t it?
Are you familiar with Odoo (On-Demand Open Object)? If yes, we hope the article will provide you with some additional info on the subject; if no, then we expect the article to make you look at Odoo as a worthy alternative to the existing ERP systems. So, let us dive in.
A good deal of information has been enlightened in various sources so far. There have been many dithyrambs on Odoo’s modular-based character, multifunctionality, and flexibility. So, we will not go on with it but demonstrate something interesting and practical about the framework to be of considerable use for our readers instead.
Money, time, effort: these are for sure the core elements every business, no matter small or large, is deeply concerned about especially while there is a new ERP system implementation looming on the horizon. Consequently, in the article, we are going to dwell on these moments to make the issue maximally informative and easy to get the gist of.
MONEY
Money-related myths on the basis of the ERP platform implementation and usage are not rare. Often, it is believed that in the light of the present crisis it is not wise to make financial investments in the ERP. Not exactly though. Odoo is a low-cost open-source ERP system, which is centralized and thus accessible from any location and from any device. Its suite of applications provides seamless interoperability with the ability to automate and control work. If you are a start-up/medium-sized business, you can start small and then, in the course of your business development, additional system features and modules could be added. Even more value here with initial risk reduction. On top of all this, you have all the chances to get a quick return on investment (ROI) as Odoo’s implementation is started instantly.
TIME
We have approached the issue of time in the above section. Truly, it is highly important even critical in the business world. So, what about the time span needed to implement the system and get used to it? Firstly, Odoo offers full training as well as hands-on training modules and other resources for better support. Those employees who tried Odoo open framework stated its user-friendliness and easy customization.
Secondly, the very system implementation process duration mostly depends on the company’s size. Given we have a large enterprise with a number of various localities, it can take a couple of months to make the business processes and workflows integrated and organized within the new framework. However, if we are talking about a small/medium company, the main ERP element can be implemented within a few weeks with the rest being added later on.
EFFORT
Last but not least component in this discussion. Many businesses are afraid of the necessity to change the whole performance of the company and adjust it to the newly adopted open system. There certainly exists a grain of truth in these concerns. With the Odoo ERP framework integration, a company will see a number of positive changes in its corporate management system by all means. Better information organization and handling, more effective project management, enhanced functionality and many others will be only some of the bonuses suggested.
To back up the theoretical moments above, it sounds proper to make you familiar with some practical experience we had in Agiliway regarding Odoo ERP open platform integrating.
Several years ago, we were implementing and customizing Odoo for the European customer who wanted to use this ERP open platform as a complex alternative solution for business management, accounting management namely. Why the very Odoo ERP solution was chosen? The answer is simple: for its rich modular set, cost-effectiveness and customer-friendly nature.
What exactly directions our team worked out:
- Invoices creation/registration/cancelling/posting
- Payment making (including sick leaves and vacations calculations)
- Company’s expenditures displaying to optimize taxes
- Amortization on the main objects counting
- Financial periods closing
- Accounting reports compiling and alike.
What is more, in the framework of the Agiliway-Odoo collaboration, we enabled mailing of reconciliation acts, created statistics on leads and clients, etc.
