Tag: app to increase productivity
A study by Havard Business Review reveals that one in every six projects costs over 200% of the estimated amount, and 70% of IT projects face delays. Despite the availability of flexible methodologies and multiple resources, companies are still struggling and wasting a lot of money every year to handle project management challenges.
While it is the project manager’s responsibility to ensure smooth working of all the processes, they are always loaded with tons of duties such as budgets, allocating resources, scheduling tasks, and more. Moreover, if there are several projects running, it can become overwhelming for the project manager to personally look into every collaboration happening in the business. This blog will take you through the major challenges faced in project management and how deploying Odoo technology can help you tackle these challenges and elevate your performance.
Read more: What’s New In Odoo 15: The Most Anticipated Upcoming Version Of Odoo
Challenges faced by the project managers
1. Lack of communication
According to Deloitte, 32% of professionals believe that communication is the biggest issue of project management. A transparent method of communication will help build credibility amongst your stakeholders and involve them in the process. Miscommunication can affect teamwork and even cause conflicts among team members, causing a delay in the project. To avoid these pitfalls, project managers can rely on collaborative and project management software available in the market.
2. Budgeting issues
Financial issues are one of the biggest hurdles of effective project management. Managers can avoid complications a project may likely face by efficient cost management and achieving quicker results.
3. Lack of clarity on goals and success
According to a study, 39% of projects fail due to a lack of project planning and defined goals. Hence, It is vital to set clear goals for the success of any project. Additionally, a project manager needs to set up milestones and quality tests to quantify the progress of a project. A predefined set of objectives and goals will help project managers defend their vision before the upper management and customers.
4. Scope creep
Scope creep, also known as requirement creep or even feature creep, refers to how a project’s requirements increase over a project’s life cycle. While scope creep can be beneficial in some cases, it can also have a negative impact on your business. Clients who have vague requirements and don’t know what exactly they want can be challenging for both managers and the project team.
5. Inadequate risk management
Typically, projects have several variables that create many possibilities and rarely go exactly the way it was planned. Not having the foresight to identify any critical situations or making up contingency plans can be a significant setback for any project. All these challenges demand the interplay of intuitive project management software to ensure real-time tracking and organizing of projects. Over 90% of high-performing companies are switching to project management applications to complete their projects professionally. Project management software helps automate time-consuming tasks and manage a large team of professionals working within. Additionally, the software can also help businesses put data straight and accomplish remarkable results without any delays.
Though you can find wide choices of project management tools in the market, you will have to pick the application that suits your business workflow. Make sure that the chosen project management software for your business includes the following features.
- Project Planning and Scheduling
- Project Budgeting
- Team Collaboration
- Time Tracking
- Reporting
While the project management tool may offer several other features too, the above said are essential for any project management. A perfect solution to all project management-related problems is Odoo. Whether you want to add tasks/subtasks under a project or assign tasks to your team members, Odoo helps you achieve it seamlessly.
Read more: How Odoo ERP Helps Leverage Business Intelligence and Data Analytics
Benefits of Odoo’s Project Management Module
1. Mobile friendly
Odoo can be installed on a mobile phone, making it easy to use while on the go. Given the pandemic situation, this feature is a boon. It allows team members and the managers to remain connected and track the projects from anywhere. That said, the Odoo project module allows you to get a large screen view along with a chatter facility using computers.
2. Customizable
Odoo allows you to customize your projects easily. From renaming projects to rescheduling stages, the Odoo module enables you to achieve it hassle-free. Additionally, its Filters and Groups features help you track the projects and tasks.
3. User-friendly
Odoo is highly user-friendly and provides a Kanban view to have a quick glance at the projects based on the tasks and stages. For example, to check the time and deadline, you can use the Gantt Chart, Graphic, and Pivot view.
4. Enhanced communication support
With Odoo, you can integrate email and use your email alias. This feature allows managers or customers to automatically create a task by simply sending emails to the specified alias. All those who receive the communication will become a part of the task. Additionally, it supports sending alerts to customers based on the activities. Odoo project also allows you to chat with the team members by just clicking on the team member’s image. It not only saves time but helps collect in real-time.
5. Improved customer management
Odoo project module helps you generate customer tickets which allows you to track the progress of the project and interact with the project team.
6. Report generation
Odoo generates reports in an easy-to-grasp format. Options such as Filters, Measures, and Group-by help the team to manage the reports.
7. Easy integration with other modules
The project module integrates easily with other modules such as Calendar, Timesheet, Accounting, Expenses, etc. It helps you to manage accounts, plan expenses, track working hours, and plan activities.
Read more: 6 Ways Odoo ERP Customization Can Benefit Your Business
How can Fingent help?
Undeniably, the Odoo Project Management module is a must-have solution for all businesses. We custom software development experts help businesses achieve their strategic goals and drive better revenue with our ERP development services. We have expertise in developing user-friendly applications for businesses across various industries.
If you’re looking to reduce your business complexities and drive growth with Odoo implementation, contact us.
Productivity is the mantra to success in today’s highly competitive world. Expanding the customer base and taking large margins are both tough in a highly competitive world. In such a state of affairs, improving productivity is the only sure shot way for enterprises to stay in the game, even as they painstakingly battle it out for the new customer.
Most enterprises understand the indispensability of software to drive sales and improve productivity in today’s tech-dominated world. However, many enterprises make the mistake of deploying generic software. Such software may come with far lesser hassles to procure and deploy but can sap the very vitality of the enterprise.
Custom Design Gels in with Entrenched Systems
A retail software never works in isolation. Unless it syncs with the enterprise systems it is supposed to serve, it causes a discordant note, and executives end up spending time trying to fix the software, rather than make sales.
The generic software offers a rigid structure, with limited flexibility, and expects business to follow such a structure and approach. Any enterprise is an ecosystem with a culture of its own, and processes which have evolved over time. While change is possible, and maybe even desirable, it requires great effort and energy. Trying to change the enterprise system for the sake of the software is foolhardy. Any change should ideally be for the better, and a thought-out decision, rather than being forced due to the exigency of implementing software.
Custom build retail applications gels in seamlessly with the entrenched enterprise systems. Of course, the caveat is a well-designed app, developed after a thorough study of how the enterprise works.
Reach Out to Target Customers Effectively
Custom retail apps make it easier for the enterprise to reach out to its customers the way they want to, through the channel of preference.
Today’s demanding customers prefer varying channels, such as email, SMS, social media, and more. Marketers require a seamless way to leverage the preferred medium while delivering the required content.
Grouping the brand’s content repository into an interactive management app makes it easy for sales executives to email or SMS customers directly, generate social media posts, post content on different websites, and do more. When all effort is through a single console, marketers are spared time and effort searching for information and taking it to the required channel manually. In fact, regular or routine messages may even be automated, to be dispatched at a predetermined time. Marketers may use the time saved on their core competency, and increase sales further.
Custom retail apps go beyond, enabling personalized shopping experience and support to customers. Brands would do well to connect customers with a salesperson proactively. The salesperson would, in turn, need to be equipped with all information regarding the customer, including their publicly available demographic information, purchase history, likes, preferences, online searches, and more.
Custom Apps Enable Seamless Communication
Seamless and prompt communication is the lifeblood of today’s enterprises. Today’s customers are highly fickle and demanding. They seek instant answers and move away if the business cannot satiate their quest fast enough. A custom retail app, inbuilt with collaboration tools, and configured to tap into information from all depositories, delivers not just faster responses, but also more user-friendly communication.
Marketers, sales executives, and other enterprise stakeholders, powered by an in-house app in their smartphones can remain in touch, respond to the customer, and collaborate seamlessly, from any location, at any time. Sales executives may look-up or access critical information when at meetings with clients. Managers, equipped with real-time insights, may enforce better control over the workflow.
Custom retail Apps Perfect Analytical Insights
While most generic software offers some analytic capabilities, any custom software worth its byte offer deeper and invaluable insights into customer behavior.
The obvious and most apparent need for analytics is to view sales data unhindered. Getting real time sales data, drilled down to store, unit, salesperson, and other minute levels enable taking timely action to boost sales and resolve any trouble spots hindering sales.
A comprehensive custom build sales management suite monitors sales activities on a real time basis, and measure the impact of various marketing and promotional campaigns. Linking sales to marketing campaigns make it possible to evaluate the success rate of specific campaigns, making explicit the ROI of marketing and other interventions.
A spin-off benefit is insights on how executives and other employees interact with the app, as in the time required for completion of specific tasks, whether the tasks are completed in one go, and more, paving the way for workflow improvements. Event tracking also becomes easier, and automatic reports save time and money.
It is poised to get better. More and more retailers are now integrating beacon technology to their apps, to track how customers behave in the store, how many times they visit a certain location, and gain other insights not easily available before. Marketers could use such insights to tailor custom offers and position their products better. Sending out relevant and timely messages to shoppers not only cater to the immediate increase the likelihood of purchases but also improve brand retention, beneficial in the long term. Needless to say, it improves the strike-rates of marketers manifold, sparing them wasted effort resultant from guesses and hunches.
Custom Apps Offer Solid Templates
All software gather data, but data is useless unless put into use for actionable information. Often, businesses fail to harness the data properly. Smart businesses opt for deep customization of their reports, with solid templates to ensure each manager or supervisor get insights that really matter to their task. The best reports are dynamic, populated with real time data. In today’s fast paced and highly fluid world, historical data is as useful as yesterday’s newspaper.
The humongous benefits of custom retail apps notwithstanding, success depends on such apps being easy to use, with little learning curve or training required. It requires a competent and talented team of developers who know their stuff, to leverage the power of simplicity and roll out intuitive custom software for the business.