Why Odoo ERP is a Perfect Fit for SMEs?

Enterprise Resource Planning (ERP) is considered the primary tool for managing overall tasks of different modules like production, order processing, inventory management, etc. The primary use of ERP is to act as a supervisor between business stakeholders like materials, revenue, order management, staffing, and manufacturing units. Through a single interactive database management system, ERP handles everything with the in-built analytics and dashboard.

Through Odoo ERP, a user can easily integrate all departments irrespective of any size of the company. For Small and Medium Enterprises, ERP implementation minimizes the risk of failure of any kind.
Through a standardized implementation action plan and blueprint, Odoo ERP can create a strategic plan that involves all business and IT staff members. Through Odoo ERP, any business can quickly get a real-time return on investment.

Budget-Friendly

With the leading Open Source, ERP named Odoo, Small, and Medium Businesses can leverage the advantages of different verticals such as trading, manufacturing, services, and so on… If you are a small business owner and tight on budget, Odoo is the perfect solution for you because it is license-free. Your company doesn’t need to spend any amount on licensing fees. Through its customization facility, Odoo can easily be integrated as per your business process and workflows.

Multifunctional Approach

Odoo is a complete open source ERP solution that offers highly functional features in a cost-effective approach to most business operation needs. Through its structured development methodology, Odoo delivers customized solutions to match your business requirements. Odoo works with the complete multifunctional process. More than 35 modules can be integrated into a single ERP, and all of them can be interconnected for better workflow management.

Powerful Integration

The foundation of a small enterprise is laid on a robust customer relationship. You can easily maintain your customer’s information through ERP software while resolving their queries with a uniform approach. Simultaneously, while working on Customer Relationship Management, the user can efficiently work on inventory management and warehouse management. The multi-functional process of Odoo makes it easy to use with multiple domains altogether. Odoo ERP is successful in integrating multiple apps like sales, purchase, invoice, accounting, human resources, website, etc. so that admin can easily fetch and upload data by syncing all apps together(if required).

Customization Friendly Apps & Themes

As discussed above, Odoo ERP is customization friendly, and it can be integrated according to the business requirements. Odoo ERP can be customized with integrated ERPs that can be installed easily without any expert’s involvement. The Odoo developers help the business install the Odoo ERP apps with different offers like a 24/7 approach, customized apps, etc.

Here are some of the Odoo apps & themes that help businesses with their productive approach towards different domains.

• Odoo WooCommerce Connector

Through Odoo WooCommerce Connector, and small or medium-sized business owner can easily integrate Odoo with WooCommerce. Through Odoo and WooCommerce integration, the SMEs can easily fetch all the front end information to the backend and process it according to the requirements.

• ReportMate

ReportMate extracts all the needed information for all Odoo Model fields and displays complex data in a single view. The best Odoo Professional Reporting App through which Customers can create powerful, richly formatted, dynamic reports in the Tree, List, Graph, and Pivot format. This app allows you to display the data in a flat data structure, meaning that there are no more multiple clicks to arrive at your needed results.

• Kernel Backend Theme

One of the most downloaded backend theme that simplifies the tasks of the user working on the backend. The Odoo backend theme has various features like Dark Mode, RTL Support, and Multilingual Speaking clock that keeps the user organized and removes the hassle of basic Odoo functionalities.

• Odoo Office 365 Connector

Odoo Office 365 Connector connects Office 365 Apps with Odoo. The connector can easily integrate office 365 mails, tasks, contacts, and calendars in the Odoo ERP.

Apart from the apps mentioned above & themes available on the Odoo store, thousands of paid and free apps provide innumerable benefits to the users. Out of these numerous benefits of the apps, there are some essential benefits of the Odoo ERP that offer endless services to the users.

Benefits of Odoo ERP to Small and Medium Enterprises

• Transparency

Odoo ERP is transparent in approach. It indicates everything on the dashboard, from accounting to sales to marketing and inventory management. Through Odoo ERP, the user can easily keep a check and extract the reports from Odoo ERP only. This removes the requirement of extra hand that saves the user’s time and money.

• Budget-Friendly

In other ERPs, for multiple modules, the organization has to pay various license fees. For small and medium enterprises, the budget is one of the significant constraints. Through Odoo ERP, more than 35 modules can be done in synchronization.

• Increases Productivity

Usually, the user that runs the ERP on the backend spends hours on it, and sometimes it becomes difficult for the user to fetch multiple data from multiple ERPs. In Odoo ERP, the user gets everything on one dashboard through which he can get desirable results.

• Streamlined Data

When a small business switches to Odoo ERP, the users enjoy the streamlined flow, which is an essential part of a fast-growing business. Sometimes while sharing data between different departments and it gets manipulated in transition. Through Odoo ERP, all the data and dashboards are available on a single platform that minimizes the scope of manipulation.

• Collaboration Between Departments

Small and Medium Enterprises consists of small teams in different departments. There are some SMEs that work from home to save their office budget. Other users can operate Odoo ERP at various locations. A master user can easily assign the leads, follow-ups, new data, and returning data to different vertical so that they can efficiently work in synchronization.

Conclusion

Launched as Tiny ERP in 2005, Odoo has paved its path to the success journey. In the short span of 15 years, Odoo is about to launch Odoo Version 14 at the end of September 2020. The customer base of Odoo is primarily small and medium-sized enterprises because Odoo serves as an all in one ERP that fulfills the basic to advanced requirements of the user. Odoo has all the essentials that a startup requires at the beginning of its journey.

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