ERP software program, together with Odoo ERP, is important for enterprise administration as a result of it unifies what would in any other case be siloed programs requiring duplicate guide knowledge entry right into a single database.
ERP software program is designed with core accounting software program and non-obligatory modules for enterprise course of performance all through your group. With an ERP system, role-authorized staff 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 provides a free Odoo Group model.
Which Varieties of Companies Use Odoo?
Companies in all industries and dimension ranges use Odoo ERP software program and its CRM, though most of its software program consumer prospects are small and mid-sized corporations. The Odoo buyer base is worldwide, with most customers based mostly in america and Europe.
Which Industries are Greatest 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 extensively by IT companies, software program corporations, and eCommerce corporations.
Odoo Pricing
Odoo pricing contains commonplace Odoo SaaS pricing plans or utilizing the free Odoo Group open-source model, implementation companies, 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
- Commonplace
- US$31.10 per consumer monthly, all apps, with Odoo On-line deployment
- Customized
- US$46.70 per consumer monthly, all apps with a choice of deployment utilizing Odoo On-line, Odoo.sh (Platform as a Service, PaaS, with extra internet hosting price), or On-premise
Odoo might provide 12-month reductions from these commonplace SaaS pricing charges for the preliminary customers ordered.
The free Community open source possibility for Odoo is on the market via GitHub and Odoo.com. With this free Odoo Community model, you may combine some free apps and add-on third-party apps for an extra price.
Implementation Providers for Odoo ERP
Odoo recommends utilizing software program implementation services with completely different price ranges relying in your firm’s dimension and wishes. For small companies with below 50 workers, Odoo recommends utilizing its Success Packs, which assist them obtain a 98% implementation success fee. For corporations with greater than 50 workers (mid-size and huge), Odoo recommends that they work with an Odoo partner offering implementation companies.
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 Subject Service Administration
- HR and Talk about for collaboration
- Web site, Social Advertising, E-mail Advertising, and Information
Accounting, Invoicing, Bills, and Dashboard
Odoo Accounting lets your organization report transactions in subsidiary ledgers and the general ledger and put together monetary statements with completely different worldwide pre-configured nation necessities. The Invoicing module helps you to put together buyer invoices for billing, together with recurring invoices. Odoo Bills is for processing employee expense reports for reimbursement, that are submitted utilizing cell phone receipt pictures. An actual-time dashboard helps 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 helps 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 helps 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 contains serial numbers, tons, 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 Ground, and Upkeep performance. Producers might also be all in favour of utilizing manufacturing OCR software from Nanonets.
CRM, Gross sales-Associated Apps, and Helpdesk
Odoo gives 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 Subject Service Administration
Odoo gives modules for challenge administration productiveness, together with worker scheduling and timesheets for hours labored by workers on tasks. Odoo additionally provides a Subject Service Administration module for monitoring work on area service tasks and integration for invoicing prospects for area service.
HR and Talk about
Odoo has a human assets (HR) module and a Talk about module used for communications and collaboration.
Web site, Social Advertising, E-mail Advertising, and Information
Odoo customers have entry to modules for constructing a web site, social advertising, and e mail advertising. The Odoo Information module centralizes instructional assets for workers and prospects by subject.
Tips on how to Combine AP Software program with Odoo ERP
For the right way to Combine third-party AP automation software program utilizing accounts payable best practices with Odoo ERP, select one among three strategies for every software program app:
- Odoo API
- Odoo connectors
- Utilizing customized software program code
Odoo’s external API (software programming interface) lets your organization combine third-party apps and instruments with Odoo. The API methodology and associated knowledge entry are solely obtainable with Odoo’s Customized pricing plan.
Contact Nanonets to combine your Odoo ERP with Circulation by Nanonets for AP automation and bill processing with international funds and AI-powered total expense management.
Greatest Odoo Integrations
Third-party Odoo ERP integrations can be found both from the software program supplier or via the Odoo Apps retailer. The Odoo Apps Retailer contains connector apps for some common software program together with QuickBooks, Magento (Adobe Commerce), and Salesforce CRM for Odoo integration.
Earlier than buying a third-party app, test to see for which Odoo deployments these connectors are supposed. 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, your online business 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 variety 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 rising the performance not included by Odoo in its ERP modules and syncing knowledge between purposes.
While 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 answer. Monetary power can even allow the third-party software program supplier to introduce product improvements that may improve the usefulness and capabilities of its software program. Nanonets is a well-financed, venture-backed firm with financing offered by famend traders.
Nanonets AP automation software program with correct OCR could 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 the right way to combine Flow by Nanonets along with your Odoo ERP system.
