ERP software program, together with Odoo ERP, is crucial for enterprise administration as a result of it unifies what would in any other case be siloed methods requiring duplicate guide knowledge entry right into a single database.
ERP software program is designed with core accounting software program and elective modules for enterprise course of performance all through your group. With an ERP system, role-authorized workforce members and administration can view the identical knowledge with real-time dashboards.
What’s Odoo ERP?
Odoo ERP is an open-source enterprise useful resource planning system, consisting of apps with a variety of enterprise course of performance. Odoo is a Belgian firm with 12 million software program customers that additionally gives a free Odoo Group model.
Which Kinds of Companies Use Odoo?
Companies in all industries and measurement ranges use Odoo ERP software program and its CRM, though most of its software program person clients are small and mid-sized corporations. The Odoo buyer base is worldwide, with most customers primarily based in the US and Europe.
Which Industries are Finest Suited to Odoo ERP?
Though Odoo serves a variety of industries, together with manufacturing, building, healthcare companies, and nonprofit organizations, the Odoo ERP system is used broadly by IT providers, software program corporations, and eCommerce corporations.
Odoo Pricing
Odoo pricing consists of normal Odoo SaaS pricing plans or utilizing the free Odoo Group open-source model, implementation providers, extra internet hosting prices for Odoo.sh, if relevant, and prices for third-party add-on apps, together with AP automation.
Odoo Pricing Plans
Odoo’s three pricing plans are:
- One App Free
- US$0, just one app with limitless customers, with Odoo On-line deployment
- Normal
- US$31.10 per person per 30 days, all apps, with Odoo On-line deployment
- Customized
- US$46.70 per person per 30 days, all apps with a alternative of deployment utilizing Odoo On-line, Odoo.sh (Platform as a Service, PaaS, with extra internet hosting value), or On-premise
Odoo could provide 12-month reductions from these normal SaaS pricing charges for the preliminary customers ordered.
The free Group open supply possibility for Odoo is obtainable by GitHub and Odoo.com. With this free Odoo Group model, you’ll be able to combine some free apps and add-on third-party apps for an extra value.
Implementation Providers for Odoo ERP
Odoo recommends utilizing software program implementation providers with totally different value ranges relying in your firm’s measurement and wishes. For small companies with underneath 50 staff, Odoo recommends utilizing its Success Packs, which assist them obtain a 98% implementation success price. For corporations with greater than 50 staff (mid-size and huge), Odoo recommends that they work with an Odoo associate offering implementation providers.
Odoo Core Options
Odoo ERP modules and the Odoo CRM module core options embrace:
- Accounting, Invoicing, Bills, and Dashboard
- Paperwork, Signal, and Studio instruments
- Buying, Stock, and Manufacturing
- CRM, Gross sales, eCommerce, Level of Sale, Subscriptions, Rental, and Helpdesk
- Challenge, Scheduling, Plan, Timesheet, and Discipline Service Administration
- HR and Talk about for collaboration
- Web site, Social Advertising and marketing, E-mail Advertising and marketing, and Information
Accounting, Invoicing, Bills, and Dashboard
Odoo Accounting lets your organization report transactions in subsidiary ledgers and the common ledger and put together monetary statements with totally different worldwide pre-configured nation necessities. The Invoicing module allows you to put together buyer invoices for billing, together with recurring invoices. Odoo Bills is for processing worker expense stories for reimbursement, that are submitted utilizing cell phone receipt images. An actual-time dashboard allows you to handle firm leads to real-time.
Paperwork and Instruments
Some Odoo modules are for paperwork and instruments, together with a centralized paperwork repository, doc signing software program, and Studio instruments for easy drag-and-drop, no-code, Odoo app customization.
Buying, Stock, and Manufacturing
The Odoo Buying module allows you to put together alternate RFQs to acquire aggressive bids within the procurement course of, put together buy orders and buy agreements, together with blanket POs, obtain items, and create vendor payments built-in with the Accounting module for fee standing. It additionally allows you to create customized guidelines and replenishment strategies.
The Odoo Stock module works with the Buying module for doing inventory replenishments and monitoring stock by location. Actual-time warehouse administration consists of serial numbers, heaps, packaging, cycle counting, and KPIs.
Inside the Odoo Manufacturing class of unified modules, producers get MRP (materials necessities planning), MES (manufacturing execution system), PLM (product lifecycle administration), High quality, Store Flooring, and Upkeep performance. Producers may be all for utilizing manufacturing OCR software program from Nanonets.
CRM, Gross sales-Associated Apps, and Helpdesk
Odoo supplies a CRM module for monitoring leads and buyer interactions. Its different modules embrace eCommerce, Level of Sale for bodily shops, Subscription administration software program, Leases monitoring software program, and Helpdesk software program.
Challenge, Scheduling, Plan, Timesheet, and Discipline Service Administration
Odoo supplies modules for challenge administration productiveness, together with worker scheduling and timesheets for hours labored by staff on initiatives. Odoo additionally gives a Discipline Service Administration module for monitoring work on area service initiatives and integration for invoicing clients for area service.
HR and Talk about
Odoo has a human sources (HR) module and a Talk about module used for communications and collaboration.
Web site, Social Advertising and marketing, E-mail Advertising and marketing, and Information
Odoo customers have entry to modules for constructing an internet site, social advertising and marketing, and electronic mail advertising and marketing. The Odoo Information module centralizes academic sources for workers and clients by matter.
Combine AP Software program with Odoo ERP
For tips on how to Combine third-party AP automation software program utilizing accounts payable finest practices with Odoo ERP, select certainly one of three strategies for every software program app:
- Odoo API
- Odoo connectors
- Utilizing customized software program code
Odoo’s exterior API (software programming interface) lets your organization combine third-party apps and instruments with Odoo. The API methodology and associated knowledge entry are solely accessible with Odoo’s Customized pricing plan.
Contact Nanonets to combine your Odoo ERP with Move by Nanonets for AP automation and bill processing with international funds and AI-powered complete expense administration.
Finest Odoo Integrations
Third-party Odoo ERP integrations can be found both from the software program supplier or by the Odoo Apps retailer. The Odoo Apps Retailer consists of connector apps for some fashionable software program together with QuickBooks, Magento (Adobe Commerce), and Salesforce CRM for Odoo integration.
Earlier than buying a third-party app, examine to see for which Odoo deployments these connectors are meant. Some will perform solely with Odoo.sh and On Premise deployments, not Odoo On-line.
QuickBooks
Odoo integrates with QuickBooks On-line or QuickBooks Desktop utilizing the Odoo Quickbooks On-line Connector or Odoo Quickbooks Desktop Connector. With QuickBooks integration, your knowledge will sync with QuickBooks or export to QuickBooks.
Adobe Commerce (previously Magento)
Though Magento was acquired by Adobe and rebranded as Adobe Commerce, the Odoo Apps retailer nonetheless lists third-party Magento connectors fairly than Adobe Commerce connectors. With a Magento connector, what you are promoting can sync knowledge between Odoo and your organization’s eCommerce retailer.
Salesforce
Though Odoo has its personal CRM app for buyer relationship administration, Odoo additionally integrates with market-leading CRM software program from Salesforce. The Odoo Apps retailer features a alternative of third-party Salesforce Connector apps.
Conclusion
Odoo customers can full a wide range of unified enterprise processes with Odoo ERP and select to make use of both Odoo CRM or Salesforce. Third-party add-on software program provides worth to Odoo ERP by growing the performance not included by Odoo in its ERP modules and syncing knowledge between purposes.
Once you select a third-party software program integration, consider the software program supplier’s monetary power as a supply of stability to your software program resolution. Monetary power will even allow the third-party software program supplier to introduce product improvements that can enhance the usefulness and capabilities of its software program. Nanonets is a well-financed, venture-backed firm with financing supplied by famend traders.
Nanonets AP automation software program with correct OCR will be built-in with any ERP system or accounting software program, together with Odoo ERP, and with any software. Contact Nanonets to request a demo and get particulars on tips on how to combine Move by Nanonets together with your Odoo ERP system.