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Odoo is open-source software that integrates a wide range of business applications and functions. Its smartly-designed database helps with sales, project management, inventory management, accounting processes, Customer Relationship Management (CRM), and many more.
Check out the next sections for a thorough Odoo review, what makes it stands out from its competitors, and who might benefit from using this software.
Onto our Odoo review!
How Odoo Works
Odoo is a comprehensive, all-in-one software solution that helps businesses automate many manual, tedious tasks, saving time and money.
It has a modular design that provides complex, fully-integrated experiences, which allows users to manage their businesses from only one platform.
The software allows the unification of teams and different departments, resulting in efficient communication across the entire business.
Because of its wide support, Odoo used to be known as Odoo ERP. This is available both on cloud and on-premise and can be a solution for any business type and size.
In addition to this, the software is highly customizable and allows different integrations, including payment processors and shipping platforms, such as eBay, Amazon, QuickBooks, UPS, and many more.
Why Odoo is better than other business solutions is because of the breadth of its services, customizable plans, and numerous business modules that address each aspect of any company.
Odoo CRM is one of the many modules available on the platforms. This corroborates all leads and opportunities in only one intuitive interface, allowing users to manage their tasks efficiently and analyze results.
In addition to this, Odoo CRM has a user-friendly dashboard that presents a broad sales overview, along with numerous best practices and tips to ease CRM in Odoo. This is also available on the Odoo mobile app, which can be used even without an active internet connection.
Odoo accounting allows business managers to handle their daily accounting tasks with ease. It offers a global view of the business and encompasses a wide range of financial activities.
For instance, it allows automation of key daily activities, it is synchronized with more than 24,000 different banks, and bank reconciliation is a smooth process because it can be simply done by importing statement files.
Odoo POS (Point of Sales) is ideal for restaurants and retail businesses. It works both online and offline and there is no installation needed. The software automatically saves each transaction and synchronizes with the database as soon as an internet connection is available.
This turns Odoo into a game-changer for businesses due to the complete automation of sales. Some other features of Odoo POS include loyalty programs, bundles of products, gift cards, refunds, and many other payment-related operations.
Another useful module is Odoo Inventory. This includes all basic warehouse processes, such as inventory counts, delivery orders, next shipments, scrapping and transferring, automatic packing, and others. It is not only an efficient method of managing inventory but helps to maximize capacity and efficiency, reduce stock levels, and prevents inventory exhaustion, thus improving product availability.
Other Odoo modules include:
- Website-related capabilities for blogs, e-commerce, live chat, forums, and more
- Marketing Odoo apps include SMS and e-mail marketing, marketing automation, social marketing, and others
- HR modules are employees, recruitment, planning, appraisals, expenses, etc.
- The main manufacturing capabilities include quality, manufacturing, maintenance and repairs, PLM.
- Apart from accounting, other operations available are helpdesk, project management, purchases, and consolidation.
- The sales module consists of subscriptions, invoicing, sales overview, signing, renting, and field services.
Who Uses Odoo?
Odoo is a complex business solution, so it can be used by any type of business, regardless of its size. It is currently popular among numerous notable businesses around the world, including Alta Motors, Toyota, Nordika, SoftIron, Laboratoire National de Sante, and Hyundai.
Why Choose Odoo?
There are numerous benefits of using Odoo that recommends it as one of the best business management solutions on the market.
Some of the main highlights include:
- It has a modular structure, so you can add any apps your business requires; this flexibility of Odoo ERP makes it stand out from the crowd.
- Odoo is open-source software, which means that you can customize each feature and fine-tune the modules; it also enjoys constant development.
- Cost-effectiveness is a major advantage of Odoo ERP because you can choose only the required apps
- Odoo apps are extremely varied, and the integration process is quicker and easier than other ERP software on the market
How Much Does Odoo Cost?
If you are interested in an Odoo demo, you can sign up for a 15-day free trial. After this, the final price you pay for Odoo depends on several variables.
If you want to add more people to the platform, the price increases; however, a great feature about Odoo is that you can choose what modules you need to use, so the price reflects your personalized plan based on your business needs.
For example, Odoo pricing starts from $6-$18 per month and includes the main package with only one user and no other integrations or apps.
You can add any modules you want; most of them cost about $18 per month, while more complex ones, such as eBay extension can be as high as $48 per month.
Odoo – How to Install Module
There are several ways to install Odoo. If you choose the cloud version, there is no installation required at all. The website may help you figure out which version is best for your needs. The main installation methods include packaged installers, source install, and docker.
Where Is Odoo Installed?
If you prefer not to use the online version, you can launch Odoo from the root of the Odoo Community directory. You need to run the “Odoo-bin” which is the command-line interface of Odoo servers.
Odoo Review: Summary
As discussed above, Odoo ERP is one of the most comprehensive business software. It provides endless opportunities as open-source software that enjoys constant development. Odoo is currently used by numerous large corporations around the world, helping to streamline all business processes, make decisions based on real-time data, and it comes with a customizable pricing plan suitable for all business sizes.
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