6 Reasons why your startup needs Odoo ERP in 2022

In today's competitive era, operating a business, even a startup, has become difficult and complex. With multiple departments functioning and operating at the same time and sharing business information, the need to have an integrated system has become extremely crucial now.

And here comes the role of an ERP system like Odoo. Out of 7 million global users, there are countless startups that have already adopted Odoo to streamline and automate their business operations under a single and all-in-one integrated software system. Startups are scaling up rapidly with this scalable ERP system. Right from customers to productivity, sales, orders, finances, accounting, human resources, inventory, and more, Odoo can help in efficiently managing all without much effort or manual labour. Odoo is an open-source ERP solution that has thousands of in-built customisable modules for managing these tasks. And the best thing is that you need to invest in a single ERP for managing all your tasks and this saves more and makes it an affordable and a complete solution to all business needs.

Here are the reasons why you need Odoo implementation for your startup in 2022 shared by a highly experienced consultant for Odoo in Australia.

Facilitates quick decision-making:

Startups can make quick decisions with Odoo as the ERP can be processed in real time. Making quick or timely decisions can prevent startups from incurring any losses or miss deadlines while giving the perspective of what will work and what will not. Odoo actually centralises all business data in a single location and a single database and gives access to the data to all the employees of all departments helping them to make real-time decisions. This helps startups grow faster and more efficiently.

Odoo improves and increases productivity:

Startups can reap the advantages of increased and improved productivity with Odoo ERP implementation for managing and automating their business activities. This reduces the manual labour required to manage the operations and helps to execute the processes faster, thereby, resulting in improved and increased productivity. With all operations automated and with no more involvement of much manual labour, the employees can now focus on the other core business activities, again, resulting in improved productivity.

Improves data transparency:

When you decide to implement Odoo into your startup, you get rid of the chances of making errors while exporting or entering data. The ERP automates these tasks and reduces the chances of data duplication and data redundancy. Moreover, the integrated ERP centralises all business data and gives the access to all data to all the employees of all the departments, thereby, ensuring smooth and easy data flow and data transparency, reducing the chances of data exchange errors.

Encourages collaboration between departments:

Without an integrated system, startups often find it hard and challenging to meet their business objectives and have effective collaboration between their departments. Employees of different departments of a startup may find it difficult to share information between them due to poor collaboration and communication between them. That's because different departments have access to different databases having different sets of data. For instance, if the finance team needs some information about the sales it would be really difficult without access to the sales database and vice versa.

Odoo implementation can resolve this issue by centralising all business data in one location and in one database. Every department gets access to this, thereby, having all information in front. Exchange of information becomes easy with this that in turn, results in improved collaboration and communication between the departments.

Adapt to the changing and growing business environment:

Every startup aims to grow or scale up faster and cope up with the advancements in technologies. Odoo comes with thousands of customisable modules. Startups can initially implement the basic required modules and can keep on adding or integrating more customised modules as the business scales up. In other words, Odoo is a highly flexible and scalable ERP that scales up easily with the growth of a startup.

Reduces operational cost:

Odoo is a very affordable ERP solution which makes it the best fit for startups. Odoo is a complete suite of business management applications that helps to streamline all business operations under one platform. This saves a lot of money that these startups would have otherwise invested in implementing multiple software systems for managing different business processes. Moreover, it comes in two editions, the Odoo Community edition which is the free edition and the Odoo Enterprise edition which needs a very nominal amount of licence fee. It is a much more cost-effective ERP solution as compared to the other ERP systems available today like SAP, etc.

Odoo ERP is now the most feasible software solution and an extremely beneficial integrated system for the startups. With minimal resources and the other features and modules, Odoo ensures to improve all business operations and streamline the entire workflow. Odoo brings the entire business unit under one interface, thereby making things easy to access and manage with the specific Odoo modules existing for almost every business process.

When it comes to choosing the ERP solution for a startup, a few factors that are considered are the cost, end ROI, and the benefits. Odoo is an ERP that is affordable, highly beneficial, and ensures maximum ROI, streamlining all business tasks. And above all, it is scalable, customisable and has an intuitive interface, which makes it an ideal for the startups looking for rapid growth.

Alex Forsyth is a reliable and experienced consultant of Odoo in Australia associated with a leading Odoo implementation company, Envertis Software Solutions. The author has written this article to let you know the reasons why every startup should get Odoo implemented in 2022.