The Key Features of the Odoo ERP Software

by Alex Forsyth Developer

Read this article to know in detail about the various key and integral features of the Odoo ERP software. Hire experts for Odoo ERP implementation and other top-notch services in this field.

Odoo ERP software has become one of the primary requirements of businesses. Be it any size and kind, this ERP software attends to every requirement of the business. It successfully fulfils every business objective with the support of its modular structure which is one of the primary elements of the Odoo ERP. it is one of the most unique and innovative value propositions. It attracts more and more users everyday with its top-notch user experience. It is also centralised, accessible and can be functioned from any other device.

The framework of Odoo is unique. It has evolved faster with the help of the Odoo ERP consultants than any other ERP software. It is open-source, fully integrated with top-notch features, a strong technical foundation and superior usability which scales across all the other applications. It is also very cost-effective so that one can reap all the benefits from here.

This comprehensive business management solution is a complete suite for every business organisation which effectively manages the resources of every company. The popularity of Odoo speaks for itself. It has almost 2 million active users, 1000 installations everyday and 1457% of user growth.

It also has extraordinary features which drive the growth of every company using it. Below these are mentioned in detail.

1. Odoo CRM

The customer management module of the Odoo ERP software is one of the most useful and interesting segments. One can track intelligent leads, manage the database accurately and efficiently, and get in-depth insights so that they can make smarter decisions. With the help of custom-designed dashboards, one can take a look at all the detailed information as per necessity.

The software keeps track of all customer history along with full client details. All the company tasks like communication with clients, prioritising routine activities, identifying important clients, giving assignments, resolving cases and managing notifications- all is done by the CRM module. With real-time messaging available, one can engage their clients in the most interesting manner, obtain a real-time overview of scheduled activities and access the situation via flowcharts and detailed reports.

2. Sales

With the sales module, one can successfully maintain and classify the important sales orders in a smooth, hierarchical and structured system. One can create a new order with the help of Odoo and also manage previous sales and records. Selling products and services is increased with the support of E- signatures and online payments, hence quotations can be sent anytime. For more scheduled tasks, one can send quotations effectively through automation so that unlimited profit can be earned. Confirmation of any client order automatically leads to goods delivery and invoicing. Thus, with the increase in sales, profit is maximised. This module also enables all organisations to professionally handle and showcase their services.

3. Warehouse management

With the help of the Odoo software, one can handle operations of multiple warehouses and also deal with structured stock and product inventories. Online management leads to improved performance, better organisation and time for processing. The Odoo ERP offers a double-entry inventory system which executes all tasks related to input of stocks, output as well as transformation. With fully automated replenishment options, the chances of stockouts are completely avoided. This paves way for efficient and productive supply chain management.

The Odoo ERP also provides the following -

Drop Shipping and Cross Docking
Complete traceability in supply chain
Analytical reports about sales order and quotations

4. Finance and or Accounting

This is another key Odoo ERP module which covers a wide range of vital business activities. From accounts, finance management, tax maintenance, receivable and payable cash, electronic bank transfers, automatic invoicing, financial indicators, management of assets, analytic controls, management of statements etc, everything is handled in the most efficient manner by the Odoo software. It synchronises with the bank for detailed secure information, bills can be handled and payments can be tracked in a professional manner. With the Odoo ERP, the requirement of manual accounts handling and transactions is entirely eliminated.

Alex Forsyth is a skilled Odoo ERP consultant of a reliable Odoo firm in Australia named Envertis Software Solutions. The author has written this article for all the readers who want to know in detail about the various innovative features of the Odoo ERP software.