Key Things to know about Odoo ERP before Implementation

Odoo ERP Implementation

ERP has now become a highly dependable and a satisfactory model for all business applications. It helps in such a way that the business can complete the tasks effectively and can attain growth and productivity. Nowadays open source ERP implementation is in high demand. When the ERP implementation is used right, the organization can save both money and time. Since Odoo is an open ERP, the implementation time and cost can be reduced. The other benefit of  Odoo ERP implementation is that, the operating cost can be reduced and Return On Investment can be increased.

Now we shall see Why is ERP is essential, Or how it can help in the growth of business

ERP implementation will gradually increase the production. All business departments and its functionality can be integrated via odoo ERP. With the implementation of Odoo ERP, you can analyse all the activities in day to day basis and helps to monitor the activities and thus it aids in business growth.

Popular Odoo ERP modules:

  1. Finance and Accounting Module:

The monetary process are well handled by this module. This module regularly monitors all types of transactions like expenditure, tax, bank transactions, ledgers, balance sheets etc. It helps to generate financial reports. The finance or account related data will be displayed in the finance and accounting module.

  1. CRM – Customer Relation Management:

CRM/Customer Relationship Management module is a beneficial module which helps to maintain the whole details such as contact details, history (if any), related contracts, meetings & purchases by the customer which in turn can be used for future reference. This module helps to raise the sales and thus production can be achieved with the help of an excellent customer complaint management system. Another main advantage is that, CRM management can be integrated with sales in order to boost the business opportunities.

  1. HRM – Human Resource Management Module: 

The Human Resource modules aims at providing a productive HR management system. HRM aids to maintain employee details, track and monitor the performance of each employee and to store the attendance and leave details. HR module in Odoo, has an effective Payroll system which helps in salaries and payment reports.

  1. Engineering and Production Module:

This module plays the role of maintaining the products that are yet to be manufactured and delivered. The process includes production planning, raw material usage, monitoring the production progress and forecasting & reporting.

  1. Purchase Module:

The complete process of purchase is handled by the Purchase module. The highlights of this module is that, it can be used for saving the list of suppliers, linking an item with the supplier, the process of sending and receiving the products and most importantly, to record the quotation detaikls, purchase orders and thus track the purchase items and update various reports and stocks. Purchase module can be integrated with inventory module & engineering and production module for easy updation of data.

  1. Inventory Module:

Inventory module can be used to track the details of stock. Inventory control the stock utilization & reports can be executed with the help of the data that are present. Integration of Inventory module with purchase module can provide more features for an effective inventory module.

  1. Sales Management Module:

The process of Sales Management Module is to save the sales query, to handle quotation, to receiving sales orders, prepare sales invoices with proper taxation, dispatch/Shipping of material or service. It also includes the tracking of pending sales order. Sales management module can be integrated with Customer relation management module for better performance.

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