Odoo, previously OpenERP and TinyERP, stands for OnDemand (SaaS) Offer from OpenERP. Odoo is based in Belgium and has a relatively short history compared to some of its larger competitors, being based in 2005.

Odoo ERP Software has been developed for small and medium companies and is obtainable within the cloud or on-premise. Using open source software, the ERP is extremely customizable. Odoo ERP Developers are able to simply access and make modifications to the modules, tailoring the software to your organizations specific requirements.

Odoo ERP might be sourced in two ways:
1. The ‘Enterprise’ version, this is purchased on a SaaS subscription and might be hosted on the cloud or through desktop.
2. The ‘Community’ version, which is a free, desktop only version. Odoo also can integrate with other methods, together with payment processors and external delivery methods, similar to these of Amazon, eBay, UPS, FedEx and QuickBooks. Odoo ERP has numerous modules available; CRM, Accounting, eCommerce, MRP, POS, Project Management, Timesheets, Reporting and Inventory Management. We discover the functionality of those key modules additional in this article.

Odoo ERP Functionality Overview

Make Odoo ERP your personal. Between the Odoo apps and the tens of 1000's of Community apps, there is something to assist address all your enterprise requriements in a single, cost-effective and modular ERP solution: no more work to get totally different expertise cooperating.
Odoo apps are completely integrated with one another, permitting you to completely automate your enterprise processes and reap the financial savings and benefits.

Odoo Accounting & Invoicing

The Odoo Accounting & Invoicing modules present all the overall monetary processes needed within a company, together with accounts payable and receivable, financial institution reconciliations and cash management, and taxes and reporting.

Odoo Project Management

The Project Management module offers the flexibility to handle a number of projects and assets utilizing a large number of views, together with Gantt Chart, calendar, graph, Kanban and pivot table evaluation.

Odoo Inventory Management

Odoo Inventory Management module supplies full traceability from provider to buyer for all of your organizations merchandise, whether or not you've a single stock or a fancy warehouse map throughout geographies.

Also Read- 6 Benefits of Opensource Inventory Management System For Small Enterprises

Odoo Manufacturing

Odoo Manufacturing module integrates with different key Odoo apps including Maintenance, Quality and PLM. The Manufacturing module offers a Work centre Control Panel which shows work orders, progress, manufacturing quantities, work directions and time monitoring amongst different features.

Odoo eCommerce

The eCommerce module allows your organization to develop the online purchasing expertise by selecting one of the available websites template and customizing it so as to showcase your corporation and product range.

Odoo Timesheets

Through the timesheet module employees can record activities flexibly and on the go utilizing the time tracking app, while additionally offering managers with the flexibility to view and report on team timesheets and hyperlink to sales orders.

Odoo ERP Pros & Cons

Pros & Strengths

  • Low-cost when investing in a small variety of modules.
  • Free trial offer for 15 days and free “Community” model available.
  • Offers a complete selection of Odoo apps and integrates with many third-party add-on software apps similar to eBay, Whatsapp and more.
  • Uses Open Source software program which might be easily customized.

ons & Weaknesses

  • Requires IT knowledge to install and keep, this is not a “plug and play” solution.
  • Steep learning curve on preliminary implementation.
  • Can become costly when all of the functionality is applied using the variety of Odoo Modules and third celebration apps.
  • Does not have the same lengthy history as different well established ERP players.
Author's Bio: 

Business solution-centric Odoo Consultant and IT professional with about 11+ years of experience spanning Odoo delivery, Sales, pre-sales, Odoo product development, Odoo business consulting, outsourcing & ADM services in leadership positions.

• Has headed Practices for Enterprise Solutions ( SAP, Baan & Odoo )

• Experience across domains likeSales and Marketing, Logistics, Manufacturing, Retail, Chemical, Automotive maped to Odoo

• Extensive experience in large program delivery & business process transformation consulting (Odoo Consultant) for multiple programs

• Demonstrated experience in designing new product & service offerings and executing global Go-To-Market strategies for new offerings for new market penetration

• Proven leadership skills with balanced focus on people, processes & technology

• Pioneered the use of ERP systems in various Processing Industry

• Worked as Process Heads of Marketing, Sales, Purchase, HR, ERP Project deliveries and also worked as Business Heads for many companies like IBM, JKT, Denave India, FCS and presently at Apagen