An enterprise resource planning or ERP in short, is a business process management software which lets an organization use the structures of combined applications to manage a business and computerize older office functions related to services, technology and human resources to make sure the business runs more efficiently. However, all good things do not come cheaply and when it comes to selecting ERP vendors, if the right one is not selected an individual might have to suffer quite a lot. In this article we shall be discussing how Odoo uses ERP to help people all around the globe keep their businesses running in the healthiest and most efficient of manners.
At Odoo there are about three, of many, different specialized sectors where the ERP comes of great use. They are:
Odoo Marketing Automation:
This automation is used by businesses to make their marketing departments become highly resourceful and organized. It is very time efficient as most of the older manual operations are omitted by the help of this automation. Moreover the automation is very easy to use as it keeps most of your workload in a synchronized manner. As the workload is now in a coordinated direction the management team is in less pressure. This on the other hand increases efficiency and keeps the department in a very positive position.
An example of the automation’s work is making adverts whose language maybe be differed and posting them towards a target audience. This not only makes the application flexible to use for people of different regions but also avoids any sort of time wasting. For those same adverts there can also be certain warning activations where a reminder is giving for incomplete procurements. The procedure for both actions are very similar and when used in the correct manner the sales management team of any company shall be in a very upright condition.
Odoo Inventory Automation:
Inventory automations aim to automate functions which is to get done with both hard and easy tasks done without your constant attention. It is grounded upon stock levels you’ve inputted, with an amount at which the system must place a new order at a minimum, and a maximum amount which represents the system limits that cannot be exceeded. This automation is great for handling multiple tasks as the more amounts of information you enter into the system, the less you need to attend to your inventory. For example, if there is an unavailable product from your supplier, the system will automatically cancel the previous order and send a new order to the next supplier you entered for the purchase of that specific item. You can save both time and money by configuring the system to find the best deals as the system sends offer requests to other suppliers for the same item and order from the one with the best price and terms. If you own more than one warehouse, the system can be set in ways that makes sure there is not an overload of the same item.
If needed, the automation will transfer items across warehouses to even the amounts. Even if you do not own warehouses where using methods to hold stock is the only approach, there are still ways for the automation to come in use. Such as having a case of drop-shipping. When a customer places an order from you, you have to then organize for an item to your customer directly from a different supplier. If ordered directly from your suppliers, you get twice the advantage. Firstly the delivery will be much quicker as it only takes seconds for your customer’s order to be forwarded to your supplier. And secondly, you have gained precious time to deal with other tasks like growing your business or improving reputation with good customer service. Overall the automation is likely to give very big positive responses for the inventory department of company if used and handled in the proper ways.
Odoo Invoicing and Reporting Automation:
The invoice and reporting automations are very clear cut and simple to learn. It creates complete and professional customer invoices within seconds. These are sent by email as well as have a hard copy printed which are later brought by post. The system also properly handles issued refunds by making credit notes and managing compensations. Multi-company setups are also properly dealt with automatically as well.
It has three different ways of payment matching for example you can compare what you have received with the vendor bill to release an invoice for payment. It helps manage and record supplier invoices in the system to handle payments and incorporate them with accounting. They also aid in setting the frequency of invoicing for products in accordance with contract specifications. The automation includes us of Incoterms® standards to make sure you have the right terms on your contracts. And lastly the terms of payments are put in a simple view of management.
Customer payments can be deposited by batches and statements maybe also be managed and followed up from a single and simplified interface. Thus the reporting and invoicing operations of Odoo are very helpful and is a guaranteed timer saver and convenient feature to have in a business.
One of Odoo’s specialties is ERP. Having over 3 million happy business owners all over the world your inventory, CRM, accounting, HR and every other need is Odoo’s priority. Feel free to consult Odoo for any questions and estimates related to business.