Implementing Odoo ERP to Optimize Sales and Revenue
Posted By : Khushboo Arora | 15-Aug-2019
Optimizing sales and revenue is considered important for the growth of a business. With enterprise resource planning (ERP) software, businesses can improve their processes for better management, productivity, and efficiency. The software bridges the gap between personnel spread across different teams and locations. It makes database and applications movable, enabling team members to interact with each other anytime and anywhere to accomplish business tasks.
Let’s explore the key benefit of ERP -
Integrates critical business functions like Human Resource Management (HRM), Customer Relationship Management (CRM), supply chain, finance and accounting, procurement, and manufacturing into a single system.
Automates business processes to reduce redundancies in data management.
Breaks departmental silos to provide more visibility across the organization.
Micromanages every task to enable employees and stakeholders to shift their focus on more important activities.
Enhances customer services, saves IT costs, strengthens data security, improves operational efficiency, and ensures regulatory compliance.
When it comes to optimizing sales and revenue, it is essential to have better control over essential activities like inventory management, cash registry, and invoicing. With Odoo, trading and manufacturing businesses can effectively manage their stock and inventory. The open-source platform has 30 core modules that cater to various business needs and automate business processes. The customizable platform provides essential features to drive growth and enhance business performance.
Let’s explore the features of Odoo’s popular modules.
CRM: Odoo’s CRM module enables users to manage tasks, requests, issues, claims, leads and opportunities. It automates various important tasks including notification, prioritization, communication, and identification.
Sales Module: With the Odoo sales module, businesses can effectively classify and manage their sales order into a structured and hierarchical system. It provides the ability to review existing orders and create new ones.
Purchase Management: The purchase module enables businesses to review suppliers’ quotations efficiently and convert them into purchase orders. It also suggests methods for tracking receipts and monitoring invoices.
Warehouse Management: Odoo augments the management of structured stock locations and multiple warehouses. The inbound, outbound, and stock locations can be defined for each of these warehouses.
Point of Sales: Odoo precisely manages all point of sales operations including inventory, invoicing, and cash registry. The module micromanages every task to generate a consolidated report of business operations and stock.
Manufacturing: Odoo is effective for managing business operations with multi-level BOM, workcenters and routing. The software can track work orders and support several planning methods like make-to-stock or make-to-order.
Let’s explore how Odoo ERP can prove to be a great deal to your business.
Odoo’s 30 core modules and 3000+ community apps manage specific business requirements and processes. The system micromanages the availability or shortage of products in the warehouse. Eg: Leading eCommerce platforms including Amazon are using Odoo ERP solutions to manage stock in, stock out, dispatch, and delivery of the final product.
Single Software Application
Odoo ERP is a single software application designed to fulfill every business requirement. The system ensures significant improvement in efficiency, consistency, and productivity of employees and its system. It enables the management of business operations, customers, suppliers, HRM, inventory control, manufacturing, and omni channel sales. A trading ERP monitors and controls incoming shipments to reduce inventory shortage in real-time.
Easy Implementations and Integrations
Odoo is an API-friendly platform that integrates easily with other business modules and applications. It’s integration friendly architecture creates several opportunities to improve the efficiency of various business processes. Developers can seamlessly integrate popular APIs including Shopify, Channel Advisor, Magento, and eBay to provide significant advantages.
Odoo can be implemented in a phased manner due to its modular structure i.e sales, inventory, accounting, and warehouse. Businesses can implement one module at a time to comprehensively evaluate their functionality.
No Licensing Costs
Cost of running, installing and configuring an Odoo ERP system is expensive but the licensing costs for Odoo community version is Zero. Odoo mobile application development companies use this open-source platform to save their cost for implementation, testing, and customization.
Business Challenges Addressed by Odoo ERP
Small businesses face challenges to coordinate with suppliers. Improper coordination results in several inefficiencies to keep a record of goods sold or available stock. Integrating Odoo ERP warehouse management module enables businesses to index their data and maintain sufficient stock to ensure maximum customer satisfaction.
Attracting New Leads
Odoo ERP facilitates businesses in creating their website from scratch. With 30+ modules, Odoo mobile app developers can add several features to an app including fonts, colors or pictures easily. Using drag and drop and call-to-action-buttons, businesses improve their position on Google. Forms filled and submitted by clients on the website are saved directly on the Odoo app. Odoo also enables the sales team to directly sync up with potential clients to close maximum sales opportunities.
Businesses can use Odoo’s project management modules to effectively handle various tasks. With this module, businesses can effectively track project status including completion and submission of the project. In addition, businesses can use Odoo calendar which keeps them on track to meet deadlines.
Implementing Odoo ERP solutions provides businesses multiple benefits including process efficiency, affordable pricing, advanced system flexibility, user-friendly interface, easy integrations, and high return on investments(ROI). It has 30+ modules that enable businesses to achieve their project goals easily.
Key Odoo Services We Offer:
End-to-end ERP and CRM Implementation
Maintenance and Support
Custom module development
Are you planning to integrate Odoo ERP solutions in your business processes? We, at Oodles Technologies, are an Odoo development company that provides user-friendly applications for various businesses using Python and PostgreSQL.We enable businesses to implement the latest technologies to stay ahead of the curve. Our ERP solutions increase coordination between separate departments to meet emerging organizational challenges. The aim of our ERP development services is to improve customer loyalty and build long-term relationships.
Khushboo is a Technology enthusiast. As a content strategist , she has a great affinity for discovering and sharing unique insights and resources with the tech community.