Enterprise Resource Planning, commonly known as ERP refers to the resource planning systems and packages that are used in our business to manage our daily activities such as manufacturing, accounting, sales, purchases, project management, etc.
ERP provides common access to the enterprise for various multiple activities since the ERP system is designed under a single data structure which serves as a common database.
The key principle of an ERP system is the central data collection which is distributed on a wide range.
Odoo, formerly known as OpenERP is a Belgium company established in the year 2005 by its founder Fabien Pinckaers as fully open-source software. It acts as an all-in-one business solution provider. At first, it was named as TinyERP. But later recognizing its drastic growth, TinyERP was renamed as OpenERP by the year 2008. In the year 2013, it was honored with the Deloitte award as the fastest-growing company with a growth rate of 1549% within a period of five years.
In the year 2014, OpenERP was renamed as Odoo, On-Demand Open Object. At present, it comprises of twelve versions launched in the periodical years. Odoo V12 is the latest version of Odoo in the ERP market with IoT devices as the significant change provided. Normally, there are two different editions of Odoo ERP present in the ERP market namely, Odoo Community edition and Odoo Enterprise edition. Odoo Community edition is an open-source edition which does not acknowledges certain features such as functional support, version upgrades, mobile version UI, etc. On the other hand, Odoo Enterprise edition is a licensed edition which supports every feature rendered by the Odoo ERP system.
In the year 2014, PPTS initiated its journey in the Odoo ERP platform. We have rendered our services and have been rendering our services in Odoo through various Odoo implementation, Odoo customization, and Odoo integration projects. We deemed ourselves as one of the Odoo silver partners in India. We have developed around 50+ modules through which we have contributed our continuous services to Odoo.
The following are some of the main characteristics intimating why Odoo is considered to be one of the fastest-growing ERP systems.
Odoo, a web-based tool makes it developer friendlier since it is open source ERP software. The developer can download or make use of the source codes from the GitHub platform. It renders its service under LGPLv3 (Lesser General Public License version 3) license.
Odoo ERP is an all-in-one business solution provider software. It does not restrict its features or its efficiency based on the business or organization size. Multiple users can be handled at an instant using this Odoo ERP system which is known for its scalability.
Odoo Apps store is one of the major supports for its users since there are about 19000+ apps represented. Most of the Odoo modules are free of cost. Some of them are price tagged based on the solution render. These Odoo apps or Odoo modules are developed by the Odoo partners across world-wide.
As discussed in the above point, Odoo renders their service through various Odoo apps and Odoo modules which are developed by its partners across the globe. Thus its customers are enriched with the worldwide support and by its user-friendliness.
It is obvious that ERP services with more functionality offering better management solutions cannot be afforded at low TCO (Total Cost of Ownership). But Odoo is of exceptional. It provides license fee-free Odoo implementation and Odoo customization if needed. At a fixed budget at low TCO, it guarantees Odoo migration by means of its available partners in the industry.
Odoo ERP can be easily integrated with third-party service providers such as E-commerce sites, Payment gateways, Social Media, etc.
As said earlier, Odoo ERP is known for its flexibility and customizability. Being highly modular, customers can opt for their modules based on the requirements. And also, these modules can be customized for their future use or to meet their needs, thus being flexible by nature.
Apart from the massive growth and technological developments in the fields of ERP and Odoo, the underlying principle remains unchanged, the provision of an open-source ERP software. We, PPTS family are delighted to showcase our efficient contribution by the provision of our service in the Odoo ERP system by means of development, implementation, customization, and services based on our client’s requirements.