Odoo, which was previously known as OpenERP, is considered to be one of the most popular and widely used open-source ERP (Enterprise Resource Planning) applications all over the globe. Odoo is a collection of different applications and modules that is used by many business owners to manage their entire business operation. It is hugely popular with SMEs because of its ease of deployment, flexibility, customization, and immense cost-savings as compared to other enterprise solutions in the market.
There are many business owners who take the services of managed Odoo hosting for the betterment of their business. Due to its being open-source software, Odoo tends to have a lot of benefits that much other software lacks, which includes access to a dedicated community and unmatchable customizability for the business needs of an individual.
There are numerous benefits associated with managed Odoo hosting , but let’s talk about some of the significant ones so that you get a better idea of what Odoo is all about. The following are some of the important advantages of Odoo.
• One solution for your business:
Odoo is known to be a business software suite that has the capability to cover all your business requirements. It tends to include modules such as CRM, accounting, inventory, human resources, manufacturing, and much more.
• Low implementation cost:
Odoo has a comparatively low cost of implementation, apart from having low recurring costs as well. One of the reasons has to do with the licensing of Odoo. The community version of Odoo has no licensing fees; however, it does lack certain features in addition to customer support too. The Enterprise version, which contains a full set of features, does have licensing fees. But these are still minuscule as compared to other ERP software in the market.
• Customizable:
Another one of the most significant benefits of Odoo is that it is customizable. Odoo partners that are responsible for the managed Odoo hosting for your business modify the application in such a way that it fits the requirements and needs of your business aptly. So, if you seem to have a particular request that goes beyond the Odoo store, a reliable and experienced partner can develop your desired feature for you.
• Easy to implement:
Since Odoo has a modular structure, it can be implemented with a phased approach, for instance, one module at a single time. This process lets it proceed at an ideal and manageable pace, which works in your favor, especially if your company is a large one. Moreover, Odoo allows you to test the ability of the implementation partner you have hired and the competency and functionality of the software so that you have the power to decide whether both of these aspects satisfy your requirements.
Odoo has grown a lot since the earlier days when the application was called OpenERP, and it is not looking back even now. These were only some of the major benefits that Odoo tends to provide the business owners of today’s world.