If you are not an IT related person, you might be amazing what ODOO is?
Odoo is nothing but a suite of open-source business apps written in Python programming language and was released under the AGPL license. Odoo is the leading open source solution. The previous name of Odoo is Open ERP ( until May 2014 ). The main Odoo components are the server, 260 core modules and around 4000 + community modules it does possess. Odoo has no licensing cost.
Odoo is a popular business suite for any business in the market. Sometimes, basic Odoo modules are capable of fulfilling the requirements hence there is no need for any customization and customization charge.
This is just an introduction we will check out all the details one by one.
MODULES AND FEATURES
1. FINANCE AND ACCOUNTING MODULE
1. Basic Accounting
2. Accounting Dashboard
3. Dynamic Accounting
4. Bank Interface
5. Statement Import: Coda, OFX, QIF
6. Check Printing & Deposit
7. Customer Follow-ups
8. Plaid Connector
9. SEPA payments
10. Payment Management
11. Batch deposit
2. CUSTOMER RELATION MANAGEMENT MODULE - CRM
1. Customer Relationship Management
2. Lead Management / Opportunity Tracking
3. Mail Gateways
4. Direct Marketing
5. Address Book
6. Phone Calls
8. Customer portal
3. HUMAN RESOURCE MANAGEMENT MODULE - HRM
1. Employee Directory
6. Departments Dashboard
7. Skills Management
4. PROJECT MANAGEMENT MODULE
4. Timesheets Chrome & Mobile App
6. Gantt Charts
7. Operational Management
8. Financial Management
5. SALES MANAGEMENT
3. VoIP Integration
4. e Signature
6. Digital products
6. INVENTORY AND SUPPLY CHAIN MANAGEMENT MODULE
1. Inventory Management
3. Purchase Management
4. Bar code support
5. Shipping: UPS, FedEx, DHL, USPS, Temando
6. Multi-company flows
7. MARKETING MODULE
3. Email Marketing
4. Live Chat
5. Lead Scoring
6. Email Marketing Templates
8 . E-COMMERCE MANAGEMENT MODULES
1. Magento Integration
2. e Bay Integration
3. Amazon.com Integration
4. Channel Advisor Integration
5. Shipping & Payments integration
9. LOGISTICS MANAGEMENT MODULE
1. Ware house Management
2. Shipping Management
4. Quality & Repairs
5. Products and price lists
ADVANTAGES OF ODOO
1. LOW COST:
You can easily download the software is free of cost ( community version ). And you can experience its amazing capabilities. Your cost of investment is low due to the lack of licensing fees. Hence, you can allocate the major portion of the budget for implementation or customization according to your needs.
2. MODULAR NATURE:
Odoo is simply modular in nature. You can begin with simple basic modules and you can implement all other modules according to your future requirement. You can use each module separately or integrate with any other module as per your need.
3. COMPREHENSIVE NATURE:
Odoo offers a wide variety of functionalities. With the help of 260 core modules and 4000+ community modules, Odoo helps us to meet all our requirement beyond our expectations. Odoo is a single platform to meet all our requirements.
4. THE MOST ADVANCED TECHNOLOGY:
Odoo is used modern and updated technology. And it always modifying or developing along with the new technology.
5. CUSTOMIZATION IS EASY:
In this competitive world, each organization needs continuous innovation for the growth of the organization. Hence to attain growth and efficiency each organization needs some particular level of customization which is easily possible in Odoo. All you need is budget and right skilled people like Cybrosys Technologies.
6. SOURCE CODE AVAILABILITY:
For Odoo - Source code can be purchased. Hence if your vendor decided to stop the support you can easily hire a new vendor and can find the required solution. Because of the source code availability, you can do whatever you want with the help of your own good developers or with the help of vendors.
7. NO LICENSING TROUBLE:
You can freely download or copy Open Source Software and use it. Which eliminates the licensing problems. For example, if you don’t have the license for the MS Windows operating system you could be charged with software piracy.
Hey, the list is going on.
1. Easy to use.
2. The best business practices.
3. Early and full ROI-(Return On Investment)
4. Reduce task completion time.
5. Easy enterprise-wide information sharing.
6. Customizable and compatible with any environment.
SAP – SYSTEM APPLICATIONS AND PRODUCTS IN DATA PROCESSING:
In the case of SAP which is the oldest ERP solution in the market. The SAP is Systems Applications and Products in Data Processing. It was Founded in June 1972. And after this many SAP ERP modules are developed. Each SAP module can be integrated with other modules. SAP system is divided into two; such as Functional Module and Technical Module.
FUNCTIONAL MODULE & SUB MODULES OVERVIEW
1. FINANCIAL ACCOUNTING MODULE -F1–
1. General Ledger – GL
2. Accounts Payable – AP
3. Accounts Receivable – AR
4. Bank and Cash Management
5. Budgeting and monitoring
6. Withholding Tax
7. Asset Accounting – AA
8. Funds Management – FM
9. Treasury Management – TM
2. CONTROLLING MODULE –CO–
1. Product Costing ( CO – PC ).
2. Periodic Allocations.
3. Profitability Analysis ( CO-PA ).
4. Cost Center Accounting ( CCA ).
5. Profit Center Accounting ( PCA ).
3. SALES & DISTRIBUTION MODULE –SD–
1. Sales Order Processing and Monitoring.
3. Bill / Invoice generation.
4. Credit Management.
5. Bill of Material.
6. Pricing and Discounts.
7. Statutory requirements.
4. HUMAN RESOURCE MODULE –HR–
1. Organizational Management.
2. Personnel Administration.
3. Recruitment Time management.
4. Management Personnel Cost.
5. Planning Budget.
6. Payroll Benefits Compensation.
7. Management Personnel.
8. Development Training & Event Management.
9. Travel Management.
5. PRODUCTION PLANNING MODULE –PP–
1. Production Planning.
2. Production Order Processing.
3. Demand Management – DM.
4. Materials Requirement Planning – MRP .
5. Shop Floor Control.
6. Capacity Requirement Planning – CRP.
7. Information Systems.
6. MATERIALS MANAGEMENT MODULE –MM–
2. Inventory Management.
3. Inventory Valuation.
4. Vendor Evaluation and Rating.
5. Invoice Verification.
6. Statutory Requirements.
7. QUALITY MANAGEMENT –QM–
1. Incoming Inspection .
2. Process Inspection .
3. Final / Delivery Inspections .
4. Quality Reports / Certificates .
5. Quality Notifications .
8. PLANT MAINTENANCE MODULE –PM–
1. Maintenance Planning .
2. Breakdown Maintenance .
3. Preventive Maintenance .
4. Predictive Maintenance .
9. PROJECT SYSTEMS MODULE –PS-
1. Project Planning.
2. Project Monitoring.
3. Project Costing.
4. Milestone Based Billing.
5. Handling of WBS elements.
10. SUPPLY CHAIN MANAGEMENT MODULE –SCM–
1. Demand Planning – DP.
2. Supply Network Planning – SNP.
3. Production Planning/Detailed Scheduling (PP/DS).
4. Global Available to Promise check – GATP.
5. APO with BW product.
6. Transportation Planning/Vehicle Scheduling(TP/VS).
7. Transport Load Builder.
DISADVANTAGES OF SAP
One of the main disadvantages is its cost itself. To implement and use SAP can be very expensive. You have to spend a lot of money on licensing and even more on infrastructure and consulting, ie. At its initial stage and the lifetime cost of SAP
2. TCO IS VERY HIGH:
As you all know SAP has very high TCO – Total Cost Of Ownership, ie, very high acquisition and deployment cost.
It is inflexible. Because sometimes the package of the vendor does not fit a company’s business model.
Another disadvantage of SAP is the complexity built into the software. SAP only accepted own interface. It means that company has to change former business interface into a new SAP preferred interface in order to operate SAP system properly. Most companies implement one feature or function of the software during a particular time, allowing employees to gain familiarity with the software before moving to the next stage. The complete implementation process may take several years.
5. RETURN ON INVESTMENT:
If a company installs the SAP software for their system then the Return On Investment will take the time to be profitable. In short, the company will get a profitable result but it will take a long time, hence a company whose purpose is to work for the very short period; then SAP is not used to implement.
6. LESS USER - FRIENDLY:
It is not user - friendly. Rich Internet applications are not effective if the technology we used is ERP even though not all browsers support it. [ generally companies depend upon more than one technology to serve all the business needs; ECC, bi, Spelman, xi, CRM, CRM, ep, NetWeaver Mobile are some examples and a lot more ]. In most cases, it is used as a backend to our business needs. Web Dynpro is not compatible with all browsers and when ep applications are connected to back-end systems its response time is very high. All SAP applications are not successful.
7. LACK OF SECURITY:
SAP have remote access to all your environment. Security level is very low.
8. RECURRING UPGRADES:
The exponential rise of upgrade cost is based on customization of the software. And the upgrading is very difficult in the SAP system.
A tabular method analysis of odoo and sap is definitely helped us in the comparison in single look ... come let us check it out ...
Odoo is more robust than SAP ERP in terms of features of accounting, business intelligence features, human resources features, inventory features, supply chain management features, maintenance features, manufacturing features, project management features, CRM features, e-commerce features.
Odoo has a sales & marketing module available, allowing you to manage sales leads and make informed marketing decisions. SAP ERP is pretty lacking in this area.
So as we saw a lot of features associated with SAP software so these should keep in mind before going for SAP software.
Now the choice is yours. Now business is steered by odoo and it helps to attain the quality, productivity, and efficiency. step up. We are here to help you. The ODOO OFFICIAL PARTNERS, Cybrosys technologies. Being Odoo official partners we get technical and functional training from Odoo. Odoo Consultancy is one of our prime focus. We have so many years of expertise in Odoo development, customization, and complete deployment. Our skilled developers have already explored the Odoo opportunities in accounting, manufacturing, trading, real estate, construction sectors, and the list goes on.