Odoo product overview
Odoo is an open-source ERP for various company needs, including CRM, eCommerce, accounting, inventory, POS, and project management. It introduces a suite of business apps that work seamlessly together, so everything is centralized, online, and accessible from anywhere with any device.
The open-source development model of Odoo leverages thousands of developers and business experts to build a large ecosystem of fully integrated business apps. It is an all-in-one software solution designed to meet the needs of companies, regardless of size.
Odoo is customizable and can be installed on-premise or hosted in the cloud. The integration of Odoo apps reduce redundant manual processes. Every module is interconnected to allow users to automate many processes that would otherwise require manual inputs into multiple applications. Odoo keeps all business functions in one place, allowing teams to collaborate with other departments from one unified platform.
Pros of Odoo
- Odoo apps work harmoniously with each other, allowing users to fully automate business processes and eliminate repetitive and obsolete tasks.
- Since Odoo is an open-source software, it can be downloaded and used on a private server, increasing security and reliability.
Cons of Odoo
- Some users commented that the platform has a steep learning curve. Setting it up can be difficult for those who aren’t familiar with an ERP system.
Breakdown of core features
The Odoo E-commerce module maintains inventory and sales via automatic stock adjustments and reporting. It provides dedicated customer portals to keep customer data organized with order tracking and claims. Customers can download invoices and delivery orders, as well as view pending shipments from a single location.
Odoo offers a CRM dashboard that shows an overview of the sales activities. It also gives tips and best practices to empower customers to strategically customize and deploy their CRM. Odoo’s mobile user interface accommodates members of a distributed sales team, even without an internet connection.
Odoo has double-entry inventory management that supports full tracking of materials and products from the supplier to the customer. Customers can pack and deliver orders with or without barcode scanners. Odoo prepares delivery orders for customers based on availability.
The platform automates the entire invoicing process, so customers save time on data entry. Users also get instant access to all accounting features on their mobile devices. Companies can automatically track assets and depreciation boards, generate amortization entries, and manage all events associated with assets.
(Last updated on 07/28/2021 by Liz Laurente-Ticong)