What is an Open Source ERP?
ERP stands for Enterprise Resource Planning. And Open Source ERP is a software system whose source code is publicly available. So, everyone can use and customize an open-source ERP according to their own needs and requirements. However, to modify the existing source code of an ERP system, the user needs a lot of development skills, especially in open source technologies.
For example, Odoo Open Source ERP provides many built-in modules such as CRM, Sales, Point of Sale, Inventory, Purchase, Accounting, HRMS, Project, etc. with its own default features. The users can try out the latest versions of odoo through run-bot odoo. However, users can modify their source code and use Odoo as per their needs.
What is Odoo?
Odoo Also known as Open ERP was founded by Fabien Pinckaers in 2005. The word Odoo is the acronym of On-Demand Open Object. Odoo is a large collection of business-related applications and modules like CRM, Sales management, E-commerce, Warehouse management, Purchase management, Accounting suit, Manufacturing management, HRMS, Project Management, etc. All these basic modules collectively called Enterprise Resource Planning software. Apart from its basic modules, Odoo has more than 15,000 third-party Apps/Plugins available in its app store. Each of them is custom-built for different user needs. Today, Odoo is one of the widely used open-source ERP solutions in the market.
Why is Odoo becoming more and more popular?
There are some key points for this reason.
1) It is open source:
No proprietary fee and recurring costs It is one of the best ERP in the market.
2) Flexible:
Need any custom features? you can do it with the help of an Odoo developer.
3) Scalable:
Business/Organization size doesn't matter, you can add any number of users in Odoo.
4) Custom Readymade Apps:
14000+ ready-made applications that everyone can access from the Odoo apps store.
5) Global Support:
Responsive support from Odoo forum and mailing lists.
6) Proven Product:
About 3+ million people are growing their business by using Odoo. Eg: Toyota, Hyundai, PCI
7) User-Friendly:
Either we can use the standard Odoo which has a highly user-friendly UI, or we may download the available themes. We can also create new themes with our own ideas.
8) Up to date with Technology:
Odoo gets frequent updates and upgrades according to the latest technological environment. The latest Odoo versions are Odoo V10 and V11.
9) Highly Modular:
You don't need to install the entire Odoo altogether on your system. You can download and install selective application modules as per your business needs. Eg: Odoo ERP of POS with Accounting
10) Easily Integrates with Third-party services:
Odoo can be integrated with any other third-party service providers like SMS, Social media, shopping sites, etc
11) Industry-Specific Modules:
Car Workshop, Vehicle rental management system, Hotel management, Clinic, Beauty Spa Management, and more industry-specific module available in Odoo Apps.
12) Less Implementation Cost.
13) Less implementation Time Frame.