Odoo ERP is a popular business management program today, with over six million users worldwide. The dependability, performance, and cost-effectiveness of Odoo in corporate operations makes it the most suitable ERP solution for SMEs.
The open-source nature of the Odoo ERP, which makes it usable for everyone, is one of the leading causes of its growth. Additionally, Odoo offers 28,000+ add-on modules, both commercial and free apps, that add to the existing incentives and help improve the operational simplicity of your company.
Previously known as OpenERP, odoo offers many apps and features, including sales, marketing, project management, customer relationship management, and human resources management. Organizations can download and utilize a variety of apps based on the industry in which they operate.
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What is an Open Source ERP Solution?
As you already know, businesses use ERP software to streamline their working operations. By employing Enterprise Resource Planning software, companies attain numerous benefits, such as better productivity, more efficient business operations, and overall growth.
Customers generally cannot view most ERP software’s source code since they are licensed or closed source. An open-source ERP system means that the system’s source code is freely accessible to the public. Instead of relying on one vendor, businesses can have free access to the open-source code and modify the program themselves. This is what makes Open-source ERP systems so unique and practical.
Benefits of Using Odoo ERP Solution for SMEs
Odoo ERP systems feature software-specific modules that are all integrated. In addition, the Odoo platform provides a consolidated approach to business operations. It offers a centralized stock control management system that allows a company’s retail, distribution, and e-commerce activities to run correctly. Successful ERP implementation leads to business process improvement in over 95% of businesses.
Moreover, a single database holds all of the organization’s data, allowing for better information sharing and communication within and outside the company. Other major benefits of opting for odoo are as follows.
High-quality coding
Open-source ERP solutions like Odoo provide high-quality code. They are based on open-source programs evaluated and verified by many expert programmers.
Even a company’s IT personnel can review the quality of the open-source code. This is impossible with closed-source ERP software, as IT staff can only test its functionality and see if it works properly.
Preview at your own will
Businesses wanting to evaluate their ERP system must typically contact a provider, request demonstrations, and schedule a meeting. This approach can be very time-consuming and inconvenient.
Odoo is an excellent ERP solution for SMEs since you can obtain open-source ERP code via a freely searchable database. You can also test the application without dealing with supplier sales representatives. Even though the system will initially lack customizations, businesses can try it at their schedule and choice.
More customization options
When businesses wish to customize their Erp system, they frequently collaborate with the provider and internal and external IT staff. Coordination between different individuals is a time-consuming process, and there is more chance for miscommunication to arise.
Another concern is that If the system provider determines it cannot provide a specific modification, the company will run out of choices.
1 in every 3 business owners believes that ERP customization is needed for better business performance. Open-source Odoo ERP solution helps SMEs to create customizations without going through a vendor. They can also access pre-built or industry-specific attributes and packages developed by community members. This reduces the time spent on changes and their complexity while providing organizations with more alternatives.
Low Cost
Erp systems are well-known for being expensive. Small And Midsize Businesses often pay between $60,000 to $800,000 for ERP software, whereas more giant corporations pay in the millions. These exorbitant starting charges may discourage many businesses from adopting this technology.
Because clients do not have to pay a license fee to view the program code, Odoo is a much more low-cost ERP solution for SMEs. Therefore, businesses can run and personalize the program for free.
Most ERP packages incorporate a wide range of features and modules in their price. In contrast, open-source ERP solutions such as Odoo only provide basic features. Organizations might choose to include free modules or pay for exclusive services.
Different Versions Of Odoo ERP Solution For SMEs
Odoo’s business management software has two variations: Odoo Enterprise and Odoo Community. While Odoo Enterprise is a licensed and distributed source, the Odoo Community is an entirely open-sourced model. Both editions of Odoo Enterprise and Odoo Community provide a selection of relevant modules suited for company operations.
Both versions include retail, purchasing, accountancy, warehousing modules, etc. The advantages of both systems for various trade operations can be understood by comparing the two platforms. This can be done by judging them against criteria that include features like assistance, bug fixes, upgrades, Web Hosting, and affordability.
Conclusion
Odoo’s user-friendly and formidable capabilities have made it the ERP system of choice for any small-medium enterprise. SMEs can now handle many sectors, including marketing, production, and retail, by using Odoo as their ERP solution. As already mentioned, Odoo ERP has no license fee, making it an utterly cheap alternative for SMEs.
The best way to incorporate Odoo ERP needs a delicate balance of assessment and expertise. DEHA Vietnam JSC is a certified Odoo partner with the capacity and resources to personalize Odoo to your enterprise applications. We are specialists in installing and managing Odoo for clients in various industries.
