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What is Odoo?
Odoo is a set of software program gear for commercial enterprise management, for example: CRM, e-commerce, billing, accounting, manufacturing, warehouse, assignment management, and stock management. Odoo is maximum useful, famous and broadly use Open ERP software program across the world. There are variations of Odoo: the Community Edition, that is loose software program certified beneath the GNU LGPLv3, and the Enterprise Edition, which incorporates extra unique functions and services.
How Odoo Helps in Business Growth?
Odoo has the functionality to furnish adequate enterprise administration options for its users. Thus bringing ease and effectivity in strolling any mode, sector, level, or methodology of commercial enterprise operations. As a result, the large vary of elements that Odoo grant helps in growing the productiveness of businesses.
Odoo’s scalable structure permits a giant wide variety of builders and businesses to boost extra Odoo apps or facets and put them on the keep for sale or down load for free. Odoo’s fundamental aspects are the core platform with about 30 core functions (also known as legit essential modules), and heaps of neighborhood modules.Odoo has been used as a issue of college pupil coaching as it is an open supply platform that is on hand to customise for college students in contrast to business alternatives.
Adavantages of Odoo
Odoo ERP has advanced inventory control that goes beyond just taking stock of what you have on hand. One of the great strengths of Odoo is its exception-based notification system. Let’s use this system as an example of why quantitative data, such as forecasting sales and surpluses, can be quite helpful in improving your business decision process. If your forecast shows improved margins approaching or already surpassing those set in your mission profile, production could be closed down or reduced on certain products at another location to get back to your original margin target for that product without any consequences for cash flow.
Odoo ERP is a complete enterprise resource management software with integrated statistics amongst all departments. Odoo ERP is excellent for planning and reporting. Odoo ERP is the most effectual solution for an enterprise to operate in an efficient way.
The implementation of Odoo ERP with its effective integrated CRM Software helps the organization with the ability to systematically listen to what the customer communicates. CRM Software enables a faster response to customer requests and an increase in the quality of services offered to customers. Since most of today’s ERP systems are integrated with CRM software, an ERP system without integrated CRM software is insufficient to meet the current needs of any organization.
The implementation of Odoo ERP also helped streamline the purchasing process and automation. Odoo ERP is centralized at 4 locations Lucknow, Mumbai, Jamshedpur and Pune. The suppliers cooperated and this reduced the complexity of purchasing when processing orders. Cooperation is thus possible through the Internet and automatic updates of the purchase status.
Odoo ERP is also a modular software system; it is possible to implement either several modules (or) different modules based on the requirements of the organization. The various modules will drive better business practices across verticals such as finance, HR accounting, operations and project management and enable the company to measure customer satisfaction. An extended benefit can be achieved by integrating other systems (such as a barcode reader) into the Odoo ERP system through an API (Application Programming Interface).