ERP software, including Odoo ERP, is essential for business management because it unifies what would otherwise be siled systems that require duplicate manual data entry into a single database.
ERP software is designed with core accounting software and optional modules for business process functionality across your organization. With an ERP system, team members and management with authorized roles can view the same data with real-time dashboards.
What is Odoo ERP?
Odoo ERP is an open source enterprise resource planning system that consists of applications with a wide range of business process functionalities. Odoo is a Belgian company with 12 million software users that also offers a free version of the Odoo Community.
What types of companies use Odoo?
Companies from all industries and size ranges use Odoo ERP software and its CRM, although the majority of its software user clients are small and medium-sized businesses. Odoo's customer base is global, with most users located in the United States and Europe.
Which industries are best suited for Odoo ERP?
Although Odoo serves a wide range of industries, including manufacturing, construction, healthcare companies, and non-profit organizations, the Odoo ERP system is widely used by IT services, software companies, and trading companies. electronic.
Odoo Pricing
Odoo pricing includes standard Odoo SaaS pricing plans or use of the free open source version of Odoo Community, implementation services, additional hosting costs for Odoo.sh, if applicable, and third-party add-on application costs, including AP automation.
Odoo Pricing Plans
The three Odoo pricing plans are:
- A free application
- US$0, a single application with unlimited users, with Odoo Online implementation
- Standard
- US$31.10 per user per month, all applications, with Odoo Online implementation
- Habit
- US$ 46.70 per user per month, all applications with implementation choice using Odoo Online, Odoo.sh (Platform as a Service, PaaS, with additional hosting cost) or On-premise
Odoo may offer 12-month discounts off these standard SaaS pricing rates for requested initial users.
the free Community open source The option for Odoo is available through GitHub and Odoo.com. with this free Odoo Community In this version, you can integrate some free apps and third-party add-on apps for an additional cost.
Implementation Services for Odoo ERP
Odoo recommends using software implementation services with different cost levels depending on the size and needs of your company. For small businesses with fewer than 50 employees, Odoo recommends using its Success packages, helping them achieve a 98% deployment success rate. For companies with more than 50 employees (medium and large), Odoo recommends that they work with a Odoo Partner providing implementation services.
Odoo Main Features
Odoo ERP modules and Odoo CRM module main features include:
- Accounting, Billing, Expenses and Control Panel
- Document, Sign and Studio Tools
- Purchasing, inventory and manufacturing
- CRM, Sales, E-Commerce, Point of Sale, Subscriptions, Rental and Helpdesk
- Project management, scheduling, plans, timesheets and field services
- Human Resources and Discussion for collaboration
- Website, Social Marketing, Email Marketing and Knowledge
Accounting, Billing, Expenses and Control Panel
Odoo Accounting allows your company to record transactions in subsidiary ledgers and in the Ledger and prepare financial statements with different preconfigured country requirements around the world. The Billing module allows you to prepare customer invoices for billing, including recurring invoices. Odoo Expenses is for processing employee expense reports for reimbursement, which are sent using photos of mobile phone receipts. A real-time dashboard allows you to manage business results in real time.
Documents and tools
Some Odoo modules are for documents and tools, including a centralized document repository, document signing software, and Studio tools for easy customization of the Odoo application with drag and drop, without code.
Purchasing, inventory and manufacturing
Odoo Procurement module allows you to prepare alternative RFQs to obtain competitive offers in the obtaining process, prepare purchase orders and purchase agreements, including general purchase orders, receive products and create supplier invoices integrated with the Accounting module for payment status. It also allows you to create custom rules and replenishment methods.
Odoo's Inventory module works with the Purchasing module to perform stock replenishments and track inventory by location. Real-time warehouse management includes serial numbers, lots, packaging, cycle counting and KPIs.
Within the Odoo Manufacturing Unified Modules category, manufacturers get MRP (Material Requirements Planning), MES (Manufacturing Execution System), PLM (Product Lifecycle Management), Quality, shop Floor, and Functionality of maintenance. Manufacturers may also be interested in using OCR software manufacturing of nanonetworks.
CRM, sales and help desk related applications
Odoo provides a CRM module to track leads and customer interactions. Its other modules include e-commerce, brick-and-mortar point of sale, subscription management software, rental tracking software, and help desk software.
Project management, scheduling, plans, timesheets and field services
Odoo provides modules for project management productivity, including employee scheduling and timesheets worked by employees on projects. Odoo also offers a Field Service Management module to track work on field service projects and integration to bill clients for field services.
HR and debate
Odoo has a human resources (HR) module and a discussion module that is used for communications and collaboration.
Website, Social Marketing, Email Marketing and Knowledge
Odoo users have access to modules for creating a website, social marketing, and email marketing. The Odoo Knowledge module centralizes educational resources for employees and customers by topic.
How to integrate AP software with Odoo ERP
To know how to integrate third parties AP Automation software using accounts payable best practices With Odoo ERP, choose one of three methods for each software application:
- True API
- Odoo Connectors
- Using custom software code
Odoo's External API (application programming interface) allows your company to integrate third-party applications and tools with Odoo. The API method and related data access are only available with the Odoo custom pricing plan.
Contact Nanonets to integrate your Odoo ERP with Flow by Nanonets to AP Automation and invoice processing with global payments and ai-powered total expense management.
Best Odoo Integrations
Third party Odoo ERP Integrations They are available through the software provider or through the Odoo app store. Odoo Apps Store includes connector apps for some popular software including QuickBooks, Magento (Adobe Commerce), and Salesforce CRM for Odoo integration.
Before purchasing a third-party application, check which Odoo implementations these connectors are intended for. Some will work only with Odoo.sh and On Premise implementations, not with Odoo Online.
quick books
Odoo integrates with QuickBooks Online or QuickBooks Desktop using the Odoo Quickbooks Online Connector or Odoo Quickbooks Desktop Connector. With QuickBooks integration, your data will be synced with QuickBooks or exported to QuickBooks.
Adobe Commerce (formerly Magento)
Although Adobe acquired Magento and rebranded it as Adobe Commerce, the Odoo app store still includes third-party Magento connectors instead of Adobe Commerce connectors. With a Magento connector, your company can sync data between Odoo and your company's eCommerce store.
Sales force
Although Odoo has its own CRM application for customer relationship management, Odoo also integrates with the market-leading CRM software from Salesforce. The Odoo app store includes a selection of third-party Salesforce Connector apps.
Conclusion
Odoo users can complete a wide range of unified business processes with Odoo ERP and choose to use Odoo CRM or Salesforce. Third-party add-on software adds value to Odoo ERP by increasing functionality not included by Odoo in its ERP modules and synchronizing data between applications.
When choosing a third-party software integration, evaluate the financial strength of the software provider as a source of stability for your software solution. Financial strength will also allow the third-party software vendor to introduce product innovations that will increase the usefulness and capabilities of its software. Nanonetworks are a well fundedventure capital company with financing provided by renowned investors.
AP Nanonets Automation Software with Precision LOC It can be integrated with any ERP system or accounting software, including Odoo ERP, and with any application. Contact Nanonets to request a demo and get details on how to integrate Flow through nanonetworks with your Odoo ERP system.
