ERPs in the Market and How Odoo Outcasts Them?

The ERP (Enterprise resource planning) solutions have become the most integral part and parcel that helps modern businesses to maintain and manage their business operations, workflows, and processes.

Finding an appropriate ERP solution perfect for your business is highly crucial as it will directly affect the profitability and growth of your business. It also demands significant time, resources, investments, effort, and a high implementation cost.

Choosing the correct type of ERP can be tricky as a wide variety of software is accessible such as Odoo, Oracle, etc. To avoid unexpected turns of events, we have thoroughly compared Odoo with other ERP solutions to find out why you need Odoo as the best ERP solution.

Understanding ERP

Before directly going on the comparison, let us first understand what ERP is and why you need it. An ERP is a software for business management that will allow a company to use a suite of integrated applications.

ERP Software Solutions are expected to manage all business activities such as project management, accounting, human resources, supply chain operations, risk management, manufacturing and warehouse management, point of sale systems, etc.

What To Look For In An ERP Solution?

A typical ERP suite will enable businesses to automate the process and define more efficient operations for the business. Because ERP integration is costly, it may need a considerable amount of investment of both time and money.

Points to Consider

Here are some points to consider while choosing the best business management software for your company.

• The first thing to consider when choosing ERP software applications is the functionality and the quality of the ERP modules.
• Besides the ERP license charges, you will also have to pay for the consultation, training, and other processes. For this reason, consider the amount of money you are ready to invest whenever you choose an ERP.
• Because you won’t frequently be changing the ERP, it is highly critical that you choose a solution that will be a long-lasting partner for you. There must be proper maintenance and implantation support.
• Vendor selection is another thing to be aware of. A reliable ERP implementation company should be chosen to ensure round-the-clock support and emergency assistance.

Odoo ERP, SAP, and ERPnext have been the most chosen ERP systems in the market for a long time. Before you go and choose any of them, let us look at the features and functionalities of Odoo and compare it with other ERP systems.

Odoo ERP

Odoo is an open-source ERP application, a cost-effective software solution developed by Odoo SA. It has been developed based on the modular structure, making it easier to choose only the necessary modules. You can get two editions: the Community edition, free, and the Enterprise Edition, which needs a nominal payment.

Odoo vs SAP ERP

The Xerox business computing division made SAP. A reputed ERP is a proprietary category. It was initially introduced in the market back in 2002. SAP needs a license, and the lowest costing ERP support from SAP is the SAP Business One. SAP is a mid-market ERP that helps businesses automate their finances, productivity, and business analysis.

SAP had always been a leading player in the ERP sector for a long time. However, Odoo came in the first position by steadily picking up the momentum of SAP with the new features and affordable support. Odoo tends to keep improving the software that will allow updating the new ERP without replacing the ERP. Odoo became a leading player with the ERP solution that will be of varying magnitude according to your business.

Odoo vs SAP: Pricing

SAP, which is proprietary software, is more expensive than Odoo. It is more suitable for large enterprises. Despite the attempts of the SAP to introduce SAP One for small to medium enterprises, the customizability absence and license needs hamper its popularity amongst the small and medium business ventures.

In terms of cost-efficiency, Odoo is a more economical option than SAP as the community edition of Odoo is entirely free, and you can integrate it for your business without hassle.

You can access the Odoo community edition without paying a penny for the license fee. Like the enterprise editions, the community edition gets a yearly update, making it the best ERP platform for businesses of all sizes. Odoo community is filled with the basic functionalities needed for the primary business operations.

Odoo vs SAP: User-Friendly

SAP allows the software to evolve according to the needs of the business, but this process may take a lot longer to configure and implement in the business. Odoo, on the other hand, is made by keeping user-friendliness in mind, and Odoo can be easily configured into the business without any additional process.

You can quickly install Odoo on your company, and it will soon adapt to the evolving needs of your business. Odoo is easy to use and provides the most user-friendly interface. Easy-to-look grasp and quick navigation are the significant highlights of this application. Moreover, A user-friendly ERP makes it easier and quicker to train employees which results in saving a lot on training cost of the resource. On the other hand, SAP is complex for new users.

Odoo vs SAP: Flexibility

SAP is mainly made for large industries and is more suitable for big companies. Odoo, on the other hand, will cover all of the needs of businesses of all sizes, whether small, medium to large. This primary difference is because Odoo is a flexible and modular software adaptable to all companies regardless of their size.

Odoo vs Oracle E-Business Suite

Oracle is the business management tool that works with other versions of tools perfectly crafted for managing aspects of the business functioning. These combination aspects should be based on the needs of the functional and business aspects. Let us look at the brief comparison between Oracle and Odoo.

Odoo vs Oracle: Pricing

Odoo is the most affordable business management solution and the best ERP tool that all business needs. At a reasonable price, you will find everything that your business needs.

• Financial management with the dedicated Accounting Module
• Order management with a dedicated logistics management tool
• Analytics on the aspects of the business operation with reliable tools
• Distribution management with dedicated logistics management and fleet control module
• CRM with a complete and efficient customer relationship management tool
• Personnel management with project modules and planning
• Order management for both online and offline orders
• Odoo has MPR app to manage manufacturing process
• Odoo Point of Sale for managing normal point of sale or hotel table management

On the other hand, Oracle is more costly than Odoo. Additionally, Oracle does not provide Distribution management, CRM, warehouse management, and personnel management aspects which are essential for all businesses.

Odoo vs Oracle: Language Support

Oracle only supports the English language, and operations with any other languages globally need a high-end configuration. Odoo ERP, on the other hand, has reached the international level and the primary reason is its capability to support multiple languages. It is a feature that comes under the localization aspects, which helps the business run in around 85 regional languages; it is a beneficial feature for businesses worldwide.

Odoo vs Oracle: Compatibility

Oracle business management solution is only compatible with cloud-based operations, making it usable on any operational screens with internet connectivity. It may be helpful, but Oracle cannot manage an offline business.

Odoo, on the other hand, is a global business management solution used by numerous businesses. Odoo developers have made it in a way that it will support multiple operating systems. Odoo is compatible with being operable with systems having Mac, Windows, and Cloud-Based Screens. Additionally, Odoo is also compatible with Android and iOS devices which helps businesses to be functional in remote areas.

Odoo vs ERPNext

ERPNext is an open-source ERP application known for enterprise performance management. ERPNext is a web-based application which has similar features to Odoo. Let us find out the advantages of Odoo over ERPNext.

Odoo vs ERPNext: Intuitive

If your goal is to manage the entire inventory with future forecasting and integrated systems with the ability to manage your accounting and CRM, the best option to go for is the Odoo, as Odoo is equipped with multiple core modules along with thousands of community models.

When choosing Odoo over ERPNext, you will never feel constrained while managing your business activities with the software. When you look at Odoo and ERPNext, you will notice that Odoo is equipped with more than a thousand inbuilt applications that you can choose as per your business needs.

Odoo vs ERPNext: Hosting Platforms

When looking at Odoo and ERPNext, you can host the Odoo on two types of servers, the On-premise and cloud servers, whereas ERPNext solely relies on on-premises. Choosing Odoo will provide you with the flexibility to select the most appropriate type of hosting platform according to your business; on the other hand, ERPNext may limit your decisions.

Odoo vs ERPNext: Customer Support

Considering how the systems are responsible for most of the business operations is highly critical to consider. Regarding customer support, it is safe to say that Odoo excels primarily due to its community developers, who constantly refine and improve the platform. ERPNext also has good customer support but is not on par with Odoo.

Both Odoo and ERPNext offer training; with Odoo, you can participate in an in-person, webinar, or online training. It is a platform offering extensive documentation that can be overwhelming, especially with the things you can do with it. ERPNext also provides the same, but it lacks webinar-based training.

Note- Odoo has been launching it’s new releases every year based on customers feedback to improvise the process. It is not only to provide the best possible solution but to also increase its domain in order to cover larger business processes as the government has been also updating their guidelines/taxation process on how an organisation must work in their country for example, E-Invoice apps for European countries.

Why Choose Ksolves?

Ksolves is known for providing the best Odoo services to businesses of all sizes. If you are looking for ways to automate your business, you can work with us as our experience allows us to integrate the best practices in our services, making us a leading company in the market. We have strong expertise in:

• Odoo Migration
• Odoo Integration
• Odoo Implementation and Customisation
• Odoo Support and Consultancy

Connect with us at sales@ksolves.com, or you can call us on +91 8130704295 for the best Odoo ERP services. Making your business more successful is our responsibility.

Conclusion

Amongst all the ERP solutions in the market, Odoo has proved itself to be the most efficient and cost-effective ERP software. By comparing all the leading ERP systems support based on the same parameters, there is no doubt that Odoo is standing tall and providing reliable and effective business management to businesses from all around the world. The affordability and flexibility of Odoo customization make it a preferable choice for businesses of all types.

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FAQs

1. Why do Businesses Need ERP Solutions?

Small businesses can use ERP software such as Odoo to enhance communication across departments and optimize business processes by offering easy visibility of all operations. Odoo can help businesses of all sizes integrate their financial and customer information into one system.

2. What Services Does Odoo Provide?

Odoo ERP will help your business with the following services:

• Material management
• Quality assurance
• Accounting and invoicing
• Production management
• Inventory management
• Purchase management
• Sales management

3. What Is The Difference Between Odoo Enterprise and Community?

The Odoo community is free, whereas the Odoo enterprise is a shared and licensed source. It provides more flexibility to business functionalities. Both forms of Odoo give a set of functional modules suitable for business operations.