Know About the Different Odoo ERP Software Modules

by Rob Stephen getaprogrammer

The Odoo ERP software has many built-in modules which help carry out different business operations smoothly. One can hire a consultant from the Odoo ERP development company for the best ERP services.

The Odoo ERP software is now an indisputable requirement for every organisation. With the increasing pressure of workload, most of the companies are now relying on an advanced software application to organise and automate their operations. With this, one can avoid doing manually tedious jobs like maintaining records through spreadsheets and keeping track of the logistics which also becomes difficult and time-consuming. This is where the ERP software comes to one’s rescue.

Odoo is one of the most cost-effective software, is open source and also modular in nature. Set up by the Odoo Functional consultant, it enhances business growth while also pushing productivity. It is designed with numerous built-in modules which help in managing and operating the activities of the departments and encouraging cooperation between them. Below, these modules are discussed in detail.

1. Finance Module

All of the transactions for business purposes are managed by this Odoo module. It monitors and takes care of all expenditures, profits, balance sheets, account ledgers, banking statements, tax management, payment, receipts etc. This module also takes care of the accounts reporting and accumulating all financial data, thus giving a fair idea about the progress made by the company.

2. CRM or Customer relationship management Module

With this module, one can easily maintain all customer contacts, their history of purchase, other related contacts with other details. With this module, one can boost their sales and performance, by managing a good relationship with the customers. Through this, one can also ensure whether customers are notified about any recent sales, discounts, about new arrivals and other notifications. Hence, this module is very essential in every business.

3. Human Resource Management module

This module is utilised to manage and handle all detail and information about the employees of the organisation, keeping a track of their activities, attendance etc. with this module, the administrator maintains the payroll of the employees, monitors the number of leaves taken, bonus and salary reports etc.

4. The Purchase module

This module handles all operations related to purchases. It links the items to the suppliers, prepares a list of supplies, sending and receiving of quotations, updating the stocks of brand new products, tracking the purchase orders etc. one can also integrate it with the Inventory module for better organisation.

5. Inventory module

With this, the company manages the product and supply stocks and keeps a detailed record of them. With this, one can also control the utilisation of stocks, monitor it, report it etc. the single dashboard system of the Odoo software ensures that this information is shared equally among all.

6. Supply Chain Management modules

With this, the company manages the flow of items, products and services from the manufacturer to the consumer and vice versa. Here the major roles are played by the stockist, distributor, retailers, manufacturers etc. These modules involve activities related to shipping, demand and supply management, shipping, transportation and delivery, sales return and replacement of products and many more.

With such functional extensiveness, the Odoo ERP has turned out to be the most preferred choice for organisations. While integrating and streamlining tasks, it propels productivity and efficiency by encouraging swift and easy communication and coop[eration between all departments. Its multi-functional module structure also makes it incredibly robust and flexible for usage.

Rob Stephen is an expert Odoo functional consultant associated with a company named GetAProgrammer. The author has written this article to explain to the readers the different Odoo ERP software modules which help in organising and managing business activities.