Odoo ERP is described as a business management software that includes the following: CRM, e-commerce billing, manufacturing accounting management, project management, and inventory management. The framework’s source code, along with its ERP modules, is developed by the Belgian company Odoo.
The name of Open ERP S.A originally referred to Odoo. From its beginning, it has released its software under the name of Open Source. Since the introduction of V9.0, the software has become a subscription-based proprietary enterprise and cloud-hosted software as a service. Odoo’s architecture permits many freelance developers and companies to develop and create Odoo modules or apps and put them on the market, which allows users to download the apps at no cost.
In this day and age, companies are confronted with the competition. Therefore, companies need to operate at all levels to get the desired final result efficiently to remain in the game. Every aspect of operations must be optimized and conducted in the most efficient way to reach the goal. To achieve the above, Odoo ERP was found. The term ERP can be described as Enterprise Resource Planning. ERP software tools have made it easier for businesses to conduct business at all levels.
The problem is that Odoo ERP is a system that has advantages of its own and benefits. A company can have multiple functional departments such as Human Resources, Customer Relationship, Inventory, Financial Management, etc. Therefore, in the beginning, Odoo ERP was developed to meet the needs of each department separately. That resulted in each department using different software to determine the department’s goals. That made it impossible to create an organized structure without communication among departments. That resulted in an unorganized situation.
To combat these disadvantages and decrease in efficiency, Odoo was discovered. Odoo was founded to create a custom platform that could provide every benefit a company could reap. The forum was then followed by increased performance and a boost in industrial growth.
Benefits of Odoo ERP Implementation
Odoo includes more than 5000 business modules plugged in anytime to meet particular business needs.
One software program: Since Odoo is Open Source, it fulfills the needs of business modules such as HRM, CRM, manufacturing, inventory management, and accounting functions. Odoo’s App Store has over 10000 apps that can meet diverse business requirements.
Fast Implementation and Integration Due to Odoo’s API-friendly platform, it’s easy to integrate and encapsulate various software and business applications. Odoo ERP increases the potential of business and efficiency through seamless integration with Magento, Shopify, eBay, and many more modules.
No licensing fees: ERP licensing can incur considerable costs and expenses compared to Odoo’s implementation due to its accessibility as a free-of-cost platform. With readily available source code, integrating ERP modules is easy, and companies can use the money to make other modifications in future development.
Odoo Implementation Process
There are five phases to Odoo’s implementation process. Let’s take a look at each of the phases.
1. Overall Project Planning This step is about iteration selection. You choose the number of repetitions needed for the project planning. You then have to shift to temporal planning iterations. Here you select the number of iterations for each iteration. The next step is choosing your team members and planning the first iteration.
2. Analyzing the functional aspects of all processes
This stage involves analyzing Global GAP, generation of Usability Testing scenarios, and Training for the initial tool.
3. Deployment of Iterations
In the initial phase, you must conduct the preparations, goals, milestones of the project, the status on the progress of your project, as well as sharing of the project documents. Analysis of GAPs in technical terms involves various procedures, including exchange of data Workflow, creation of forms, screens, and Project Reports. Implementation involves the technical implementation of the Project prototyping, data imports, training, and the design of detailed and contextual testing scenarios and then project documentation.
The testing phase is the time to test the technical aspects of your project, usability tests, and user validation. Once all steps are completed, the project is hosted and launched using the latest data available and installed on your website and running final tests to eliminate bugs and establish issues. The final phase is accepting the project and providing technical support and system maintenance with regular updates.
4. User Involvement
Participation of the user is about obtaining feedback from the users and then training the user to get used to the system.
5. Project Closure
That is the phase where the system has been fully implemented, and the final user can begin using the system to improve business operations.