Odoo is a complete business management ERP solution with advanced operations capabilities
helping you with the complete control of your business with the well-defined and
advanced options available in the platform. Being one of the top ERP solutions available
today in the market Odoo is preferred by many business organizations over other business
management solutions due to its reliability, operational readiness, and advanced control
and management capabilities of your business.
In this chapter, we will be discussing the following aspects.
- Overview of the Odoo platform
- Installation and modes of hosting in Odoo
- Localization aspects of the Odoo platform and,
- The configurable options available in the Accounting module
Let's move ahead and understand each aspect in detail.
Odoo ERP an Overview
The management of the business operation has turned on to the business management
software solutions which have been established with the introduction of the aspects of
digitalization as well as connectivity in the world. Today there are numerous solutions
available under the label of business management solutions providing the users with its
advanced operational capabilities. Enterprise and resource planning software solutions
are a prominent category of business management solutions that have been used all over
the world. The ideology of complete control of business just as used in the ERP
solutions were established long before the development of the solutions. Moreover, with
the introduction of digitalization, the ideology was developed into a software model
which paved the way for the business management solutions that are available today.
Odoo is one of the prominent business management solutions with complete functionality
falling under the ERP classification label. Established in the first decade of the
century as TinyERP by Fabien Pinckaers who is currently the CEO of the company. After it
was relabeled as OpenERP as the platform was developed to an open-source platform. In
the year 2014, Odoo version 8 was released which was the base for the current platform
of Odoo available. From the year 2014 Odoo has been releasing a new updated version
every year and currently, we have Odoo version 14 which is the advanced and fastest Odoo
ever to be released. The next updated version of Odoo the Odoo 15 is on its way to be
released at the final quarter of the year during the Odoo experience meet 2021 which
will be an online event just like its previous one due to the ongoing Covid 19 pandemic
situation.
Although started as a small establishment Odoo has grown out to be one of the prominent
companies in the world. Odoo has over 2550+ partners who are experts in developing and
implementing Odoo and other Odoo alleged services. With the prime product, Odoo named
after the company itself has been spreading its operational wings all around the world.
Thanks to its dedicated infrastructure as well as the dedicated operations capability
used over 100+ countries and over by 12 million users all over the world. One of the key
aspects which make up for the widespread popularity among businesses all over the world
is the open-source infrastructural design which has provided various developers to
contribute. In addition, this has led the system to be a customizable software solution
helping businesses to define the platform in the way they need for the operation.
Another notable feature of Odoo is that of its craft of which is being designed with the
modular structure providing you with dedicated modules of operation where each
distinctive module that is available by default will add up to the application
functionality of operation. These distinctive modules such as Accounting, Sales,
Purchase, CRM, Inventory, Field Services, Marketing Automation, SMS Marketing, Email
Marketing, Project, Planning, and many more are application-driven functional tools.
Moreover, these modules are interconnected in operations which will provide you with one
centralized operational functionality. The aspects of interconnection can be configured
with the help of various options available in each of the modules to provide you with
full control over the data flow. Additionally, with a centralized approach to operations
with one central single database as well as a central inventory management system, you
can have complete control of your business from one single platform.
Odoo is supported by the Odoo community since it's an open-source business management
software. The Odoo community consists of official Odoo partners, Odoo consults, Odoo
developers, and all other people using Odoo as well as supporting it. In case of
requirements of any Odoo related services, you need to approach official Odoo partners
and choose the best among them. Cybrosys Technologies the leading Odoo partner will be
able to provide you with a complete and expertise service regarding your Odoo needs.
Custom functionalities are not available in Odoo and developing them for the platform
will take up time therefore, there is a collection of applications developed by the Odoo
community under the Odoo Apps Store. Here the applications developed will perform custom
operations as per the application description which can be installed in your platform
and used. The application should be downloaded based on the version of the Odoo platform
that you hold as certain applications will be only operable in certain versions of Odoo.
Odoo is available in two editions: The Odoo community edition as well as the Odoo
enterprise edition. On the one hand, the Odoo community edition can be coined as a basic
Odoo and can be used with minimum functionality. Furthermore, major customizations are
not possible with it. On the other hand, the Odoo enterprise edition is the advanced
edition of Odoo where major customization at development as well as the implementation
of distinctive Odoo apps can be done.
As of now, you will be having a clear overview of the Odoo platform. Let now move on to
understand the installation and hosting aspects of the Odoo platform in the next
section.