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.
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
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.
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.
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.
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.
How can Fingent help?
Undeniably, the Odoo Project Management module is a must-have solution for all businesses. We 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.
Businesses today need a reliable, effective, and user-friendly support system to tackle the rapidly evolving market changes. Odoo ERP offers features and easy-to-use models that enable businesses to simplify their processes, reduce costs and improve efficiency. It also offers free and paid versions with an outstanding integrated system providing businesses with reasonable flexibility and scalability. With these and many other unique capabilities, Odoo ERP is turning into a hot topic amongst top companies today! With the release of Odoo 15, expectations have risen even more! Businesses are strategizing ways in which they can deploy the improved capabilities of Odoo 15 to enhance their business growth. This blog will take you through what’s new in Odoo 15 and how you can leverage these enhanced features for your business.
What is Odoo 15?
The all-new Odoo 15 is likely to launch in October 2021. It will be released in the Odoo Experience Meet which will be conducted virtually due to the COVID-19 pandemic prevalent in many parts of the world. Odoo 15 is expected to feature advanced tools that can help improve business performance and efficiency. Odoo 15 is believed to be the ultimate business solution with its latest web-based integration and superior architecture.
A Look Into the Expected Features of Odoo 15
1. New import screen
Odoo 15 is expected to extend the experience with its new importing screen feature. This new import screen feature includes a menu to handle cash rounding making it seamless for accounting and generating the invoices.
This feature is expected to be available in all the required modules and functional tabs.
2. Capable options in Pivot and Graph views
Odoo ERP software provides data representation with Pivot and Graph views. The Odoo 15 version will most likely allow you to edit and adjust the graph using Odoo studio. With this, you can extend the representation of the data to valuable insights for improved decision-making and analysis.
3. New HTML Editor
Odoo 15 is expected to include an attractive new HTML editor. While it will be similar to text editors, it will include HTML codes. So, many developers are using it to extend productivity.
4. Coupon and Promotion Program in POS
While the previous versions of the Coupon and Promotions were exclusively for Sale and eCommerce websites, the Odoo 15 coupons is created to support both eCommerce as well as POS.
The feature will be available in the POS settings. While under the product menu you will have the option to create Coupons and Promotions based on your business needs for later use. The cashier can click on the Enter Code button from the POS and apply the Coupons for Point of Sale Order which will be reflected in the customer’s invoice.
Considering the previous trends of Odoo releases, Odoo 15 will have an enhanced user experience that is sure to blow your mind.
5. New command and command editor
Odoo 15 will include the new command and command editor. It will help handle invoices in accounting configuration.
The new feature in the CRM is expected to improve managing leads and well assigning salespersons.
Using this feature, leaders can allocate the desired team members to activity or lead in the Odoo 15 CRM module. This will augment the organization’s sales activity and the team members’ collaboration for the leads.
7. Project burn down chart
This feature will be introduced in the Project section. Here, you will find an easy reporting tool to view the actual chart of the project’s progress phase-wise.
Additionally, the chart will help identify the current trend and any delay for the project deliverable.
8. Share buttons
The share functionality will be included in the customize section of the eCommerce website platform.
Typically, the share button allows the products to be shared on different social media platforms through the website portal. Using the new functionality, you can share the details on the platform to finalize the product.
9. Purchase dashboard
The purchase dashboard gives an amazing perspective for the dashboard comprising all the purchase values and graphs. The dashboard provides the needed information about the tax and untaxed-based total. A click on the reporting tab of the Odoo 15 dashboard will seamlessly get you a detailed report.
10. Website gift card
This option allows you to sell the card on eCommerce. This functionality creates unique codes for the sale of Gift Cards. These unique codes are given to the customers either via email or physically.
Odoo apps or modules help create multiple unique codes for the purchase of a gift card. Odoo 15 is likely to upgrade these features.
In addition to the above-mentioned features, Odoo 15 is likely to incorporate these features as well.
- Business Intelligence Tools
- A newly designed eCommerce product page
- Formulas of BOM, %of final products, etc., to improve the process manufacturing.
Read more: Why Choose Fingent as Your Odoo ERP Partner
Odoo ERP implementation can help you manage your business seamlessly and with Odoo 15 you can enhance it further with customization. In general, Odoo 15 brings several opportunities to users and developers and helps them explore better opportunities.
At Fingent, we constantly indulge in building innovative modules for Odoo and other ERP platforms. The rising capabilities of Odoo are sure to unlock unique opportunities and we are preparing businesses to deploy the same.
If you think your business is ready to deploy the rising capabilities of Odoo, then connect with our experts today, and explore unlimited possibilities for your business!
The Significance of Odoo Migration and How to Do It?
Odoo is an open-source ERP software that comprises an integrated suite of business modules such as eCommerce, accounting, warehouse management, project management, financial management, customer relationship management (CRM), manufacturing, and purchasing. These modules ensure seamless and efficient communication with each other to exchange information.
Odoo ERP can be used by businesses of all sizes and is available in both cloud or on-premise versions. Odoo is open source and highly customizable, allowing developers to access the code and make changes in the module based on their business needs. Odoo ERP can be easily integrated with payment processors and external shipping systems such as UPS, eBay, FedEx, Amazon, and QuickBooks.
So, if you are new and planning to implement Odoo ERP for your business, you should consider the most recent and latest version of Odoo, that is, Odoo 14.0.
However, if you are already leveraging Odoo and thinking of migrating to Odoo 14, you need to assimilate the situation before migrating.
Odoo migration involves two parts:
- Data migration
- Odoo apps migration
You can migrate both your company data and the apps used in the older version of your ERP. This migration process requires expertise and an experienced Odoo ERP partner to achieve it. Your older data must be optimized for the newer version smoothly and is best done by a professional Odoo ERP implementation partner like Fingent.
Why migrate to the latest version of Odoo ERP?
Undeniably, the latest versions of Odoo include improved features such as security, speed, and stability. Migrating to the latest version indicates that you are ready to update your system and move forward. Moving forward does not mean that you lose your old data and turn to new data. Migration ensures that all the previous data is kept intact while stepping into the new one.
The latest version, Odoo 14 got released in October 2020. As businesses are ever-changing, the new version comes with many added or deleted features as found optimal by Odoo. This is needed to ensure the ERP keeps running at its best performance and also delivers high performance. It is considered to be four times faster than Odoo 13. So, if you are looking for speed, then you can switch to Odoo 14.
Top features of Odoo 14
Some of the features of Odoo 14 are:
1. Improved user experience
Odoo is a great competitor to big names like Oracle, Dynamics, and SAP. Odoo 14 has added more shortcut keys to control the system faster, improving the system speed and more on-click features to help you save time. There are more widgets in the list view that allows you to send messages directly to your colleagues within a single click.
2. Automated CRM
CRM is a powerful tool that provides your company with a better insight and focuses more on clients and not on the data input. The insight helps you forecast sales or find information about the clients easily. In the absence of a CRM, the salespeople can randomly fill the customer’s information, making it difficult for other team members to follow up or get complete sales information.
As Odoo 14 CRM is automated, you can add and search for customer’s data accurately and quickly.
3. Outlook plugins
This feature automates the communication logging and allows you to communicate with the clients automatically in the CRM. It also helps sales managers track the communication of their subordinates.
4. To-do activities list
Odoo 14 helps salespeople focus on selling instead of data input. The to-do activities feature allows the salespeople to quickly check the to-do list, the next activity, and its priority with its impact every day. This feature comes with an improved follow-up section that helps salespeople send an email or SMS to the potential client directly from the CRM.
Points to consider before Odoo migration
Odoo 14 is designed to deliver more both in terms of performance and features. It includes additional features that can benefit new businesses. The new features ensure the business processes are carried out as smoothly as possible. However, you must make sure to understand the purposes and needs of your business before you avail of the updated version.
2. Deleting a few features
While the new version includes new features, some of the old features have been revoked by Odoo. So, it would help if you had an idea about what features will be lost in the newer update. This is where an Odoo ERP implementation partner like Fingent can help you. Our Odoo consultants can help you migrate to the latest version of Odoo without losing your crucial company data.
An update would mean that your business operations would be affected in the meantime. So, you must be prepared to overcome this downtime if you opt for migration. You can use the pilot version to run the platform with updates in the background. However, it is not possible in the live environment. You can discuss this in detail with the migration expert at Fingent.
The cost of the migration process may vary depending on your customized business requirements. Understanding the need for the latest update and knowing if the expense is the right investment for your company is essential. You can consult the experts at Fingent to get an estimate of the Odoo migration expenses for your business.
While migrating your old Odoo versions to newer and better ones is essential, it is a complex and tedious task. So, it is vital to have a good Odoo migration partner, which is why most businesses entrust us with Odoo ERP migration.
Read more: Why Choose Fingent as Your Odoo ERP Partner
Odoo migration: How to migrate to the newer version?
The Odoo migration process is done in two parts:
Part 1: Data migration
The company data present in the Odoo platform is of utmost importance and cannot be lost under any circumstances. This data requires some adaptation to work in sync with the new version. To make sure your data is suited for migration formulation, your information, such as charts, tables, contacts, etc., will be carried out.
Part 2: Odoo apps migration
The Odoo apps functional in the older version are used for specific needs and cannot be lost or compromised in the process of updating. Necessary changes to the existing applications or developing new ones will need to be done to meet the needs of your business.
The migration of applications and data will enhance the platform’s functionality without losing your company data.
To know more about Odoo migration and how we can help achieve it successfully, please contact us.
Odoo ERP implementation and maintenance enable businesses to handle critical business functions smoothly. Here are a few compelling reasons to choose Fingent as your Odoo ERP partner.
How Fingent’s Odoo ERP services benefit your business
If there’s ever been a lesson that history has taught us, it is to be prepared. Every business has its ups and downs, but the coronavirus took “down” to a whole new level for many organizations. While companies that adopted digital migration were prepared for the impending crisis, others faced a huge blow.
Amidst all this uncertainty, preparation is one constant. Odoo is an excellent tool in your arsenal to prepare you for today and times to come. Odoo ERP implementation has helped many businesses transform their operations effortlessly, and it can help you too. This article helps you see why Odoo ERP is proving invaluable for current businesses and how you can choose the right Odoo ERP partner for seamless implementation.
Odoo ERP: The need of the hour
In the current situation, no one can tell when the pandemic and its effects will end. When the world is suffering from the loss of lives and finances, it is important to understand that we can perform only when we know how to live with technology. Given that, some organizations have opted for permanent work from home. With the help of Odoo ERP, companies can centralize their operations and integrate various important modules such as marketing, sales, and e-commerce.
In today’s crisis, which has been brought upon by the pandemic, businesses can leverage many benefits with the help of centralized cloud ERP:
- Accessibility: Odoo ERP allows all your data to be stored in a centralized cloud source. Authorized users can use the data according to their requirements.
- Affordable: Odoo ERP can integrate over 35 modules, and all significant modules can be interconnected. However, the charges are nominal.
- Times-saving: Odoo ERP allows businesses to access data easily without any hassle saving a lot of time.
How can the right Odoo ERP partner provide seamless transition?
Having the right Odoo ERP partner means having support and training from those who best understand Odoo ERP and your business. Each business is unique with unique process needs, so it pays to ensure that the Odoo ERP partner you select has substantial experience implementing Odoo ERP for businesses in your particular sector. As an official partner of Odoo, Fingent is primed to provide the best service you can get, but you don’t have to take our word for it.
Here are a few questions that you can ask yourself before you make your choice, and some details that will help you see if you should consider us for your needs:
Question #1: What do they know about my business?
Different industries have different requirements. Choosing a partner who is not aware of the many needs of your business is like going to an orthopedic for your cataract issue. Make sure your ERP implementation partner has a strong track record in your industry. Good knowledge about your business will help your ERP partner smoothly accommodate the new software. This will avoid the need to make extensive changes to your business that can be costly and time-consuming.
Apart from this, the partner will recommend specific Odoo ERP software features that will assist your particular business needs. They can also teach you how to make optimal use of the software. When your partner is specialized in your industry, they will be able to quickly modify according to changing industry standards, as happened during the pandemic.
Fingent has worked with many clients in finance, healthcare, education, real estate, retail, and other sectors, so we have the expertise in handling your specific needs, irrespective of the industry to which you belong. The best of our minds specializing in your sector will be selected to work on your project.
Question #2: What kind of market reputation have they developed?
The Odoo ERP service provider’s reputation can give you a fair idea of whether it is worth investing in them. Go through their case studies of successful implements and testimonials. Ask for referrals and speak to those referrals to confirm the partner’s reputation. Doing so might help you find tips and advice on how you can work with your partner. Ensure the partner you are about to choose is reliable.
Question #3: Are they well-equipped or under-equipped?
One of the things that make a company unique is its size and budget. Hence, it is important to find out if your partner has the resources to handle businesses that are of your size and scope. If the partner you have identified is a global company, they must have hands-on experience with global ERP implementation.
Question #4: How good are they at communication?
Even when you meet for the first time, do they answer your questions quickly and clearly? If you send them a query, do they take several days to respond? Is their website well-maintained? These are some questions that provide insights into their communication skills. An experienced ERP implementation partner will show interest in your company and the issues you are facing. That would mean they take time to ask you questions and analyze your business needs before providing a solution.
At Fingent, we are committed to providing a great customer experience for our clients. Here are some excerpts of testimonials about this from our client on Clutch. You can follow this link to see their detailed reviews:
“Fingent’s flexibility and great communication stand out. We didn’t have a tech background, but the team made it easy for us to understand and work through everything.” – Owner of a Concierge Services Company.
“Their team is completely committed to our success as a client, and they do that with their dynamic team.” – Kristen Betts, Principal, Substantive Solutions, Inc.
“I’ve never wondered if somebody else could have done it better, faster, or cheaper.” – Albert Navarra, Partner at Sapra & Navarra, LLP.
Read more: A 3 day Odoo CRM implementation story!
Question #5: Which project methodology do they use?
The project methodology is a set of rules and deliverables that are followed during the implementation process. A project methodology explains how you will be informed about the progress, what is the payment method and time, and when you can find out about potential problems.
When you initiate your project with Fingent, you get a dedicated and skilled team at your service that will guide you through the process. We start with an in-depth analysis of your requirements and walk you through the implementation process right through to post-launch support and updates.
Question #6: Do I understand my business requirements?
It is crucial to know what your business requires. That will help you understand what kind of partner you should select. Hence, make an effort to understand what techno-functional needs you aim to achieve with the Odoo ERP implementation. Know which hardware and software technology you are currently using that may need replacement. Knowing your requirements will help you communicate them to your partner and receive an apt solution that fits those needs.
Our business technology consulting experts will be happy to help you identify and validate your technology needs by analyzing your current state of technology and desired business outcomes.
Test us out!
We understand that making decisions related to implementing new technologies is crucial, and an ERP platform will be the nerve center of your business operations. We are happy to sit with you and answer all your questions and allay your concerns about this. Please give us a call, and let’s discuss your project and needs.
How does Odoo ERP Customization Help Businesses?
In the current age of empowered consumerism, businesses should never underestimate the importance of customization in their strategy. Each company has its specific requirements, so customization has become increasingly significant to business growth in the past few years. As businesses wade through unprecedented times, customization emerges highly relevant in 2021. Enterprise systems like custom Odoo ERP solutions, in particular, witness an increasing market adoption.
Undeniably, customized ERP software can unlock tremendous opportunities for businesses to grow and expand. However, do you feel that committing to a software vendor could mean you are relinquishing control of your business or that it might not be financially viable? If yes, we invite you to read this article and put your fears to rest as you discover the importance of Odoo ERP, especially as we approach 2021.
Does Your Business Need Odoo ERP Customization?
Every business has its requirements, and just because one methodology worked for a particular company, it cannot be a yardstick for all enterprises. Hence, it’s crucial to customize your business software to address your specific needs. The foremost reason for having customized Odoo ERP software is that it can address your specific business requirements. It is essential for businesses to wisely use this capability and customize their Odoo ERP software for an organized workforce and a highly streamlined workflow.
Consider a few reasons:
1. Process Extension
The productivity of any business depends on its work process and business forms. Each association has an alternative work process that may require customization to be more effective. To that end, business leaders may have to stretch out procedures to build new functionalities. In such situations, customizing Odoo ERP can improve collaborations within the work process.
2. Increase application lifespan
Applications are building blocks of any business process because they provide vital features and functionality while simplifying the business process. Given that, businesses cannot afford to lose applications at a critical moment. Companies thus need customized ERP solutions to increase the lifespan of business applications.
3. Establish Unique Identity
Every business has specific objectives to accomplish, which sets them apart in the market. Online marketing activities and data reports of a business mirror its unique identity. Customization of Odoo ERP software can empower businesses to establish their unique identity despite challenging situations.
With the changes brought about by the pandemic, the need for mobile ERP solutions has taken precedence. Odoo ERP customization can help organizations achieve the desired mobility.
5. Additional features
COVID-19 has redefined the way businesses function that necessitates improvements and upgrades in the business process for 2021. However, it would help if you streamlined each upgrade with the existing process. You can achieve this by incorporating additional features to improve the performance of the whole organization. Odoo ERP customization will help you include other features tailored for your specific business needs.
6. Increased adaptation
The pandemic has made it evident that an unprecedented event can take you completely by surprise and change the face of your business. Quick adaptation is necessary for businesses if they are to survive and thrive. However, it can be challenging to find new ways that align with your existing business process. Business systems that are not flexible to adaption can collapse, bringing a thriving business to a grinding halt. Odoo ERP customization enables companies to achieve flexibility, empowering them to adapt quickly as the need arises.
Benefits of Odoo ERP Customization
Odoo ERP customization offers businesses increased flexibility and better control resulting in increased sales and improved customer relations. Here are four main benefits of customized Odoo ERP software:
Flexibility and better control over mission-critical business functions are two of the main benefits of Odoo ERP customization. The extent of that flexibility depends on the type of customization done by the ERP development company. Since Fingent is an official partner of Odoo, our team is fully trained in Odoo ERP development. Our projects are tailored for easy adaptability.
Odoo ERP covers a wide range of business needs, such as financial management, warehouse management, CRM, and human resource management. It can integrate almost all aspects of a business to improve overall efficiency.
3. Offers support and allows upgrades
Customized ERP applications give you complete control over their features. It also allows you to upgrade the applications when required. At Fingent, we offer user-friendly applications that help businesses achieve their daily organization and management goals.
4. Development time
Development time might concern enterprises that need to deploy a customized ERP solution within a given time frame. The development timeline varies from project to project, depending on the requirements and expectations of an organization. However, it is a profitable investment considering the long-term benefits.
There is a misunderstanding that customization of the Odoo ERP system costs a fortune or might complicate the software system’s entire delivery. This has held back some businesses from investing in it. While it is true that customized ERP solutions require to be developed from scratch and tend to be more expensive than off-the-shelf systems, you must consider that the benefits and long-term savings far outweigh the cost.
The development cost of customization depends on various factors such as the type of application, the number of features, and the time required for the development. However, Odoo offers a basic ERP system with a low-cost license fee. Hence, developing a simple enterprise application with basic features can be cost-effective in the long run. Organizations can maximize the budget on the customization of the platform.
Odoo ERP is known to be secure by design. Being an open-source platform, Odoo is under constant scrutiny by its users. This ensures that it continually improves on bugs as soon as users report them.
Easy Adaptability with Complete Control – Grab It Now
Customization of the Odoo ERP system provides you with the functionality that your business requires. It eliminates any unnecessary features that could confuse a customer and allows you to customize the source code to suit your business needs and features. Customization can also reduce entry duplication and removes redundant fields, which enhances the efficiency of your employees. It can address your current business requirements while providing you with the opportunity to continually improve and refine your business processes as 2021 approaches with new challenges.
If you are worried that the implementation might be difficult, we want to assure you that it isn’t. Fingent’s Odoo implementation projects are tailored for easy adaptability and user-friendliness while ensuring that you have complete control over your processes. Give us a call, and let’s get talking.
Odoo ERP Implementation for Sales and Revenue Optimization
Pandemic or no pandemic, businesses are facing intense competition in the market. To stay competitive, your organization must think strategically before every move. This is especially true when it comes to sales and marketing. Ask yourselves these questions: Are your projections based on assumptions rather than figures derived from an analytical perspective? Does it take an awfully long time to reconcile your finances at the end of the month? Are you struggling to keep up with a surge in order volumes, which leads to disgruntled and dissatisfied customers? Is your inventory a royal mess? If your answer is yes to any of these questions, then your business needs an ERP system! With its vast suite comprising over 40 business productivity applications, Odoo ERP provides a smoother and simpler way to run your business.
The range of business apps offered by Odoo is highly comprehensive, fully-integrated, easy to use, and supports numerous different industries. Fingent, utilizing its partnership with Odoo ensures their clients are leveraging one or more apps from Odoo to boost their business efficiencies.
This article will highlight the challenges you may be facing in sales and marketing, and help you see if Odoo ERP can be a solution.
Challenges in Marketing and Sales
Sales and Marketing play a vital role in your business, whether you are a B2B or a B2C company. Here are some challenges that could be an indicator that something is amiss and that you need to take action asap.
1. Different processes to handle different tasks
Is your company using different types of software to record, track, and process information? If so, it can result in inaccurate sales data. Not having the accurate and latest accounting information can have an impact on everything from market budgets to payrolls.
The good news is that the Odoo ERP software can integrate these systems so that all business functions stay connected to a single database. This will ensure you get accurate, real-time data when required. This can also free up your staff so they can concentrate on helping the business grow even faster.
2. Finance reconciliation is a laborious process
Perhaps your accounting team is spending hours cross-posting information, rekeying numbers, or reconciling data manually. Odoo ERP can make a big difference here. It can automate process transactions and generate audit trails and financial reports. This can greatly simplify period-end closings.
3. Reconciliation of data takes too long
Finding average sales margins or other metrics might be a daunting task for companies that have isolated systems or work on spreadsheets. Thankfully, the Odoo ERP solution can give a holistic view of your business operations so that your staff can get accurate information to accomplish their jobs more effectively.
Read more: 5 signs which imply that your business needs Odoo ERP
How Can Odoo ERP Assist Your Business Gain?
Odoo ERP provides more than 5000 modules. These can help you accomplish all your business tasks efficiently and successfully. Since it is an open-source ERP platform, it can fulfill all business requirements. Odoo is API-friendly. Hence, it is easy to implement and integrate with your other business applications and modules.
Odoo has a modular structure that allows for phased implementation. Implementing one module at a time helps your organization test the functionality of that module before implementing the rest. This saves a considerable amount of time and resources. Also, with Odoo development, you can avoid licensing costs. Understandably, this enables businesses to invest for future customizations.
Fingent’s new plugin facilitates the scheduling of Zoom meetings from Odoo!
Check out our Odoo Zoom integration module launched in Odoo Apps Store.
With Odoo you can:
- View complete details of sales order and sales management in real-time with the help of a single software application.
- Track the future profitability of your organization based on the analytics of current production and sales.
- Make quick and informed decisions with the help of sales reports. These reports help you forecast the product demand for the future.
- Decrease the time that takes to manage the sales process.
- Manage the entire sales order lifecycle with the help of post-sales activities.
- Minimize the delivery time.
In What Ways Can Odoo ERP Help?
Odoo ERP is a customizable platform. It enhances sales and marketing and thus drives growth. It can help in:
1. Managing Sales
Odoo makes it easy to manage and categorize sales orders into a well-structured and hierarchical system. It allows you to create fresh orders as well as review existing ones.
2. Point of Sale or PoS
Odoo can optimize the Point of Sale management that includes various processes like invoicing, cash registration, and inventory.
3. Customer Relationship Management
The customer relationship module (CRM) of Odoo helps you manage business activities, cash opportunities, solve bug-related issues, and focus on leads. With the help of this module, you can automate most activities like streamlining communication. It also allows you to prioritize your work.
4. Easy Warehouse Management
Odoo can support the management of multiple warehouses and stock locations. You can easily and quickly define inbound, outbound, and stock locations for each of those warehouses.
Read more: How your online store can benefit from Odoo ERP integration
5. Purchase Management
Odoo ERP makes it convenient to monitor the quotations from the suppliers. You can effortlessly convert those quotations into purchase orders.
6. Enhance Manufacturing Process
Odoo helps you to streamline the manufacturing process and its management. It can simplify the process of planning and speed up the process of manufacturing.
7. Generate More Leads
Odoo website builder provides a wide range of preferential options. Most importantly, it provides useful features for sales and marketing that include drag-and-drop and call-to-action buttons. Also, a client’s proposal for a project is directly stored into the Odoo sales app which can be retrieved anytime.
8. Project Management
Odoo ERP makes project management simple yet more efficient. You can track the status of the project in real-time. Additionally, it allows you to categorize the project into sub-tasks and assign it to different employees. No longer do you have to worry about missed deadlines because Odoo’s calendar helps you to keep a track of those stringent deadlines.
Tasks such as sales order and invoice generation of Odoo ERP system allows you to automate manual tasks with zero or minimal errors. Such automation lets your staff focus on more important aspects of business growth.
Read more: Top 5 Open-source ERP Systems for Medical Equipment Suppliers
Integrating systems and maintaining them with security updates could seem like a herculean task if your business is working on multiple orders. It can become a complicated and costly endeavor to maintain outdated versions of business software. Fortunately, Odoo is being updated continuously for higher performance and improved scalability. It allows you to match the market’s competitive scenario by implementing end-to-end ERP.
In more ways than one, the coronavirus pandemic has pushed us to live and perform without any excuses. We can perform well when we learn to live with technology. Odoo ERP can help your company make profits now and in the future. Fingent has hands-on expertise in the consulting, implementation, and customization of Odoo for clients globally. Give us a call and we will be happy to help you understand and implement this solution for your business.
Fingent launches Odoo Zoom integration module in Odoo Apps Store
Are you managing your crucial business functions like ERP and CRM via Odoo and scheduling your online meetings via Zoom?
Very often, you’d have faced this difficulty of logging into Zoom separately to join the meetings. Some of you would’ve even missed the appointments or run late to join, just because you got too busy to track your Zoom calendar.
Spending your whole day on Odoo and switching to Zoom in between is annoying. Being an Official Partner of Odoo, Fingent has always catered to the needs of various customers and streamlined their operations thus saving their costs, time, and resources. Now you can easily schedule your Zoom meetings from Odoo using Fingent’s new plugin that integrates Odoo with Zoom, inclusive of updating Odoo based calendars. Participants can join the meeting using the meeting link and ID. Both the organizer and the participants need not require individual Zoom accounts as the meeting can be scheduled from within Odoo.
Click here to check out our Odoo Zoom integration module launched in Odoo Apps Store.
- Easy flow between Odoo and Zoom
- Automatically syncs meetings scheduled via Odoo with Zoom
- Sets passwords to join the meeting
- Manages time-zone considerations
- Support for Zoom’s advanced meeting settings
- Multi-user and multi-company support
Want to integrate this custom business logic to extend and amplify the functionalities of your Odoo CRM/ ERP suite? Get in touch with us.
Does your business require Odoo ERP? Look at these aspects and decide.
Building a business is not an overnight endeavor. Spreadsheets and separate solutions may have worked years ago, but that is old news. In the current scenario, the business world is changing every second. It is important for businesses to make informed decisions quickly. Having up-to-date data can help businesses make these decisions that impact them for growth. However, as William Pollard said, “Information is a source of learning. But unless it is organized, processed, and available to the right people in a format for decision making, it is a burden, not a benefit.” To achieve that, businesses need Odoo ERP, a centralized information structure.
If you find that your business is experiencing difficulties in managing aspects such as finances, order volume, and customer satisfaction, then maybe it is time to invest in a workable ERP system. Businesses must decide which ERP can solve the majority of their problems and empower their business to succeed in its growth strategy. Before we even get to that, you must know for sure if your business actually needs an ERP system or if you can do without it. This article points you to five distinct signs that show whether you need ERP software. If your business is facing any of these 5 problems, it may be a clear sign that it needs the efficiency introduced by Odoo ERP system.
1. Accessing data related to your business is a horrendous task
Is it a time-consuming task to find out what your average sales margin is or the number of orders per day? Is your company totally dependent on separate systems and spreadsheets? Do you need to update them constantly and reconcile them manually? If your answer is YES to these questions, then this is a clear sign that you need an efficient ERP system to help you.
When your business experiences growth, you will notice that your employees need quick access to data at all times. You would not want your employees running around or calling each other across different departments until they find the information they are looking for. Also, business owners need a holistic view of business operations at any given point in time. Your sales representatives too should be able to view the full transaction history of your customers so that they can increase upsell and cross-sell opportunities. Odoo ERP system helps your entire staff get the necessary information more quickly and effectively. Odoo ERP system produces accurate and real-time data. This will save your staff the precious time that is otherwise used upon the duplication process. It can enable a seamless flow of information across all your departments.
2. You have different software to manage different processes
Do your accounting team and sales team use two different systems while your warehouse team uses the third solution to track shipping and receiving? Do your employees feel that the job of processing orders is a tedious manual task?
Multiple software can create problems such as inaccurate and insufficient data. Odoo ERP can integrate these systems for a smooth business functionality within a single database. It is a source that contains accurate real-time data and prevents information confusion. This in turn helps your employees make quick decisions while freeing up their time to work on high-value projects that promote business growth.
3. Your accounting system is too complicated
Is your accounting department still relying on paper-based invoices and sales orders? Is your staff spending many hours manually entering information into various accounting systems? Has your financial reporting become a horrendous task? If so, you need the Odoo ERP system to make a significant impact and save you some valuable time.
With the Odoo ERP system, you can have all your financials on a single database. This means you can save time in manually cross-posting information and reconciling data. Implementing Odoo ERP reduces frustrations and minimizes delays in delivering critical reports.
Read more: Meeting the HR Requirements With Odoo
4. You have a complex and time-consuming IT system
Is managing your IT system consuming a lot of time? Managing multiple systems can be complex, costly, and time-consuming. Trying to add additional software to an already ineffective system is as good as patching a hole in a bucket with a cotton ball. In contrast, adopting Odoo ERP system gives you the capability to respond effectively to changing business and IT requirements. The cloud-based edition of Odoo ERP offers customized solutions. It increases flexibility and efficiency within your business. It can give you an edge in managing your partners, customers, and suppliers.
5. Your sales are suffering because of bad customer support
Are you finding that your inventory management has become more challenging as your business continues to grow? Are you running out of popular stock just when it is most in demand? Are your employees unable to locate products that your customers are requesting? These situations can undermine the trust of your customers in your reliability and customer service. No business can survive without retaining old customers in addition to acquiring new ones.
Odoo ERP allows your entire staff to access information in real-time. This enables your customer service representatives to answer customer queries without having to transfer them to another department. This also helps warehouse managers to replenish the stock before it completely runs out. It is a failproof way to stay ahead in business competition.
You Know You Need ERP. What Next?
If you see these signs in your business, you now know that you need an ERP system, so where do you go from there? You might want to know if it is worth the investment and how you can implement it.
Firstly, remember there is no limit to the improvements brought into your business by a well-implemented Odoo ERP system. It can fix your existing problems and also enhance what is working well, which is the best driver of growth and innovation. The Odoo ERP system is a single powerhouse software that covers all your business requirements. It can improve business efficiency while providing the much-needed flexibility to run your business smoothly. As an integrated management system, Odoo ERP focuses on the main business processes often in real-time. It can collect, store, manage, and interpret data from all aspects of your business. Investing in Odoo ERP software can help businesses improve performance. It can assist with the automation of certain processes within the organization making it a worthwhile investment.
How do you implement it? Fingent is an official partner of Odoo and has hands-on expertise in consulting, implementation, and customization of Odoo for clients all over. We can help you implement and customize Odoo ERP solutions for your business needs and answer any other questions you might have. Get in touch with us and let’s get the conversation started.
Read more: A 3-day Odoo CRM implementation story!
A list of 5 popular open-source ERPs that support healthcare equipment suppliers
The global healthcare expenditure is anticipated to rise at a CAGR of 5% till 2023. The healthcare industry can, therefore, look at a bright future. Medical equipment suppliers have to deal with various challenges. They have to ensure that all products comply with the regulatory guidelines, are of high quality, and are entirely traceable. Robust ERP systems can help medical equipment suppliers to gather insights from data to make quick decisions. Let’s take a look at some of the open-source ERP systems out there that are suitable for SMEs.
1. Odoo ERP
Odoo is an open-source ERP platform that allows ease of deployment. This is specifically helpful for SMEs that do not have dedicated IT infrastructure. The flexibility helps integration of different business processes and systems. Odoo for medical equipment suppliers is a comprehensive ERP solution that helps manage financials and operations with ease.
The core modules of Odoo like Accounting, Project Management, and Inventory Management make it suitable for medical equipment suppliers. Developers can create custom third-party apps to meet the specific needs of a medical equipment supplier. Odoo offers more than 10,000 apps to meet most business needs. Fingent is an official partner of Odoo with years of experience in implementing, customizing, and providing consultation for clients. As an Odoo development company, Fingent has catered to the needs of various customers and streamlined their operations. Our motto of increasing efficiency and ease-of-use has made us a popular choice among various organizations for Odoo implementation requirements.
ERPNext is a contemporary ERP solution that allows you to focus on delivering medical equipment of high-quality by effortlessly managing your supply chains. It enables you to intelligently track orders, monitor stock levels, implement promotions, and minimize errors in inventory sourcing. You can leverage the numerous built-in integrations offered by ERPNext and start supplying in no time. With ERPNext, you can have real-time updates on the movement of equipment, control equipment transfers within different warehouses, and generate required reports quickly and easily. You can also create your customized software on-the-fly without any code.
Medical equipment suppliers have to deal with difficult delivery timelines, complicated pricing arrangements, unique inventory, oversee seller agreements, and concessions. Epicor ERP solution enables you to carry out all your operations with ease. The Epicor Prophet 21 ERP is specifically designed for supply and distribution. This user-friendly ERP system can help suppliers maximize profits and scale without limits. Epicor allows you to integrate all your business applications with RESTful API. You can also automatically manage your warehouses with Epicor Prophet 21. This helps in the smooth running of all processes in your warehouse. This, in turn, improves precision enabling you to provide better services to your customers.
Epicor Commerce Connect helps you to create and maintain an online presence which is the need of the hour. The increased visibility across the supply chain helps medical equipment suppliers even forecast demand.
4. Microsoft Dynamics 365
Microsoft Dynamics 365 combines the best practices of Microsoft’s ERP, CRM, and BI solutions into a single product that is cloud-based. These features enable the system to scale and grow along with your business. Capabilities like Material Resource Planning and Vendor Self-Service Help minimize vendor lead times and inventory carrying costs. The fully automated warehouse management system (WMS) helps optimize your warehouse space, labor, and resources.
Microsoft Dynamics 365 gives medical device suppliers full visibility across the entire supply chain and the ability to track information and job at all touchpoints. This helps improve efficiency, reduce expenses, and promote smooth communication within different segments of the medical device industry supply chain. As a medical device supplier, you need to understand who has purchased the device from you and whether it has come back for service. You have to take information from different systems and combine those to give meaningful reporting. You also may have to rework your inventory according to changes in regulations. Microsoft Dynamics 365 allows you to be unique in the medical device industry because that’s what gives you the edge.
Read more: ERP E-commerce
5. Oracle NetSuite
Oracle Netsuite is proven to be a very mature SaaS solution that brings in next-level integration and seamless nature to the table. Though NetSuite is ideal for SMEs who can leverage the relatively low-cost entry point, many enterprise-level companies are also considering Netsuite due to the scalability that it provides. Oracle NetSuite helps medical device suppliers to react to the diverse market and deal with different customer bases and different routes-to-market. NetSuite helps you reduce indirect costs and get through the maze of the regulatory framework by allowing modifications and customizations. You get one central source of information that helps simplify the complexities of the medical device business. The flexibility that Oracle NetSuite offers, helps the medical equipment industry to adapt to the changes in customer demand and provide them with what they want and when they want.
Analyses of the medical equipment supplies and distribution industry show that companies that have demonstrated the ability to leverage cloud computing and ERP have increased their profitability and revenue. This was achieved as a result of seamless integration of all business processes which enabled real-time financial and operational visibility, better cost management structures, improved forecasting and revenue tracking, and the ability to access data from anywhere.
A large number of medical equipment suppliers usually are small to medium-sized businesses, where the one-off system automation model proves to be inefficient. Cloud-based ERP systems eliminates the old standalone computer systems and replaces them with a single, unified software program. Thus, someone in Finance can easily look into the Warehouse software to check if an order is shipped. ERP cloud computing can help you see exactly where your business is, at any second of the day. You can see how much revenue you’ve earned for the day, how much inventory you have, how you are trending over previous days, months, and years.
Read more: A 3 day Odoo CRM implementation story!
Cloud-based ERP systems becoming the rage for medical equipment suppliers, it’s high time that you too invest in one, if not done already. Fingent helps you leverage the benefits of the open-source ERP systems mentioned above by understanding your unique business requirements. Because we know that this uniqueness is what gives you that competitive edge. Contact us to know more about how your business can benefit from ERP integration.
How your online store can benefit from Odoo ERP integration
The share of global retail sales generated via e-commerce witnesses a steady rise year over year. Thanks to COVID-19! The 2020 digital commerce market saw many new entrants including the brick and mortar purists who were always hostile to investing in modernization.
Looking at the current scenario, we can rest assured that the surge in online shopping activity will not take a back seat even after the economic crisis settles. The increasing convenience offered by multiple digital channels will lure customers to make more purchases online, be it daily necessities, medical supplies, precious gadgets, or other seasonal goods.
As of 2020, there are around 2 bn digital buyers in the world, which is roughly 25% of the global population. According to a study, 20 years down the line, 95% of all purchases are expected to be via e-commerce. Imagine the vast online buying population demanding access to details such as order histories, past invoices, product comparisons, ratings, reviews, descriptions, warranty, usage, and more such data! Is your e-business equipped to handle this?
Any business- small/ medium/ large– ambitious of growing its online presence should tap the right technology, and any e-commerce business that wants to deliver exceptional customer service requires powerful integration with an ERP system. You can consult with an Odoo ERP software development partner for customized needs.
In this post, we look at the five advantages of integrating your e-commerce application/business with Odoo, one of the popular open-source ERPs loved by many leading brands.
Why Odoo, among many?
1. A complete package with multiple functionalities
Odoo ERP is a holistic, full-fledged package that comes with the principal solutions needed for managing a business including sales, CRM, project management, financial management, inventory and warehouse management, manufacturing, logistics, HR, and more. With its 1000+ modules available both on cloud and on-premises, Odoo integration offers a complete software system that allows you to manage your entire e-store from a single location.
Be it your inventories, orders, customers, shipping, tracking, or any other dynamic function, Odoo ERP integration helps manage every task through a single solution, thus eliminating the need for maintaining disparate third-party wares for each module. The integration also supports multiple store management via a single software, maintaining a common inventory for all.
2. Breaks data silos to improve visibility across your business
Siloed data is one of the major challenges that stand in the way of e-commerce companies. This will prevent you from getting a unified view of your operational and experience data essential to expedite your marketing strategy and growth. Post Odoo ERP integration, neither do you need to look into different departments for data, nor do you require to manually enter data into your system.
You can see in your e-commerce application all the key data like your shipping information, product information, inventory levels, customer feedback, etc. By de-compartmentalizing data from multiple systems, Odoo saves your time and labor considerably.
3. Flexible payment options
When it comes to adopting a digital payment option, the convenience of customers comes first. It’s important to adopt the payment type that’s both preferable to them as well as compatible with your system. Integrating Odoo ERP into your e-commerce application helps you gain flexibility with the payment method. It allows you to integrate payment gateways such as PayPal, Ogone, Adyen, Buckaroo, Authorize.net, Stipe, etc. You can customize payment through modules suitable for your store.
4. Shipping integration
Odoo ERP can be integrated seamlessly with popular third-party shipping carriers such as FedEx, UPS, DHL, USPS, ShippingEasy, and more through APIs. Odoo e-commerce module allows you to use add-on connectors to manage your shipping activities and track your orders from the ERP itself. This enables real-time tracking of data and order fulfillment.
5. Realizes faster ROI and profitability
Getting faster returns is the key pain point of any business. Odoo ERP- eCommerce integration will help you realize faster ROI and profitability by performing a precise analysis of your sales and inventory via reports and automatic stock adjustments. The ERP allows you to stay organized with updated customer information by tracking orders and claims. Besides, your customers can view or download their invoices and track their order status, pending shipments, and deliveries.
Read more: A 3-day Odoo CRM implementation story!
Explore unlimited possibilities with Odoo
As technology advances, the need to simplify customer experience also moves to the next level. Implementing a smarter business process management solution while keeping your investments to the bare minimum will require you to bank you on the safe shores of an open-source ERP like Odoo. With its powerful inventory and sales management features and easy-to-integrate modules, Odoo makes the best contender for small and medium businesses to scale up in the e-commerce space.
Fingent is an Official Partner of Odoo with an ace team that offers consulting, development, and implementation services. Whether you want to integrate Odoo ERP with your existing e-commerce store or build an online store from scratch powered by Odoo integration, give us a call right away.