ERP, Odoo

What Makes Odoo Different from Other ERP Solutions?

Odoo ERP solution

Nowadays, the ERP market offers multiple solutions allowing businesses to grow more rapidly and efficiently. The most popular ERP systems on the modern market are:

  • Odoo
  • Oracle NetSuite
  • SAP S/4HANA
  • SAP ERP
  • Microsoft Dynamics 365
  • Oracle ERP Cloud
  • Epicor ERP
  • Sage Intacct
  • Oracle JD Edwards EnterpriseOne
  • SAP Business One
  • Salesforce CRM
  • Acumatica

All these ERPs are suitable for the business values and perform their essential tasks well. Yet, there are many differences among them, benefits and drawbacks that can be crucial for particular business goals. In the following article, we’ll learn why Odoo is the most effective system and how to deal with that. 

Odoo is one of these resolutions, created by a Belgium company. In 2005, Fabien Pinckaers, the founder and current CEO of Odoo, developed his first software product, TinyERP. In three years, the name of the product was adjusted to OpenERP. 

The company began to grow, and in 2010, OpenERP had become a 100+ employee company. Then, Odoo’s popularity started increasing gradually, and in 2019, the company extended up to a $90 million investment. In 2021, the Odoo modules were employed by more than 5 million customers worldwide.

With the Odoo solution, the companies handle all operations in an industry like employee management, machine management, purchase management, sales operations, and others. Yet, the most excellent Odoo feature is the modular system. The customer can use only those needed modules with no additional expenses. 

Why is Odoo much more reasonable than others?

Among the wide range of ERP tools, the most challenging task for any business is to choose the most proper one that will benefit the company and make its processes more efficient and smooth.

Key Odoo Features

  • Odoo apps help the company to automate your business processes.
  • Apps will be wholly merged.
  • Odoo will help you to automate and track everything.
  • You will get a centralized solution available from anywhere with any device.
  • There are two versions available: The Community one and the Enterprise.
  • The company pays only for those modules it uses and employs, 
  • Despite the version, the company can customize it regarding the goals it expects in the future.

The Odoo ERP is Reasonable

Getting the Odoo ERP solution is not as expansive as it seems to be. The company pays just for the additional customized modules in the Community version. If the company chooses an Enterprise version, it means that it pays for the modules it chooses. When the company doesn’t need the module, it can delete it and add another if required. 

Compared with other ERPs, the Odoo ERP system has a Community version, which is free but has some restrictions on specific modules. Software cost relies on the number of users and modules you need. On average, the company pays $13.50 per user monthly if the company has at least 50 Odoo users. Therefore, in terms of costs, in the Odoo ERP vs. other ERPs, Odoo is the clear winner.

The Odoo Modular Configuration

Odoo presents diverse modules to enable users to pick them based on the requirement. Besides, if the business has additional requirements, one can customize the modules and add necessary functions to integrate them into the system. 

The Odoo ERP system enhances the growth of a business. The key modules of Odoo ERP are: 

  • CRM
  • Rapid Implementation Process
  • Sales
  • Manufacturing
  • E-Commerce
  • Point of Sale
  • Purchase

An important factor about Odoo is the ease of integration with the existing company systems. Odoo modules allow managing all primary business operations fast and highly effectively. 

There are over 35 base Odoo modules or Odoo apps, covering many business functions, from Manufacturing, Inventory, and Accounting to Sales, eCommerce, HR, etc. As mentioned, the customer can select the applications most relevant to your business and purchase and implement those. The modules work together, giving you access to one cohesive ERP system.Not only do Odoo apps make Odoo easy to use, but it also makes sense since you’re choosing only the modules needed for your company.

Database Cleanup

The data transfer from the previous software to the newer version is usually complicated. The Odoo ERP system allows you to migrate from the versions without data leakage seamlessly. Besides, the Odoo ERP system offers well-qualified security support with constant updates. The Odoo ERP system allows the company to save all the data in the cloud without data leakage. 

One of the most significant benefits of Odoo is that every year is the most recently updated and refined modules, features, and integrations.Odoo follows the latest trends and develops 2 to 4 new modules every year with a much more user-friendly interface and integrations with other software. Yet, Odoo supports its clients only for the three latest versions. 

If you are using Odoo Enterprise 11 or older, your system will no longer be updated with any improvements, bug fixes, or operational support. If the company decides to migrate your older version of Odoo to a newer one, it is crucial to choose the right plan for the migration by answering the following questions:

  • Do you have any custom or 3rd party modules in your Odoo?
  • What is the server hosting solution you are using?
  • What is the edition of your system? Enterprise or Community?
  • What is the original & target version of your system?

The answers to these questions will help you select the right migration strategy and plan the tasks needed for your Odoo migration. No other ERP system doesn’t offer such a possibility! 

Wrapping Up

Looking at everything mentioned above, we can conclude that the most influential factor behind the conquest of ERP performance is the efficiency of your ERP partner. The right partner will ease implementation, customization, integration, and migration support. For any questions regarding Odoo ERP, contact us.