Odoo is a comprehensive suite of business applications that offers various modules for managing different aspects of a company’s operations. It includes modules for sales, CRM, inventory management, project management, accounting, and more. Odoo enables businesses to integrate and streamline their processes effectively.
By using Odoo, businesses can automate tasks, reduce manual errors, and enhance overall efficiency. The software also provides customization options, allowing companies to adapt the system to their specific requirements.
One of the notable advantages of Odoo is its user-friendly interface, which makes it easy for employees to navigate and utilize the different modules. Additionally, Odoo offers integrations with popular software like e-commerce platforms and payment gateways, providing businesses with a seamless experience.
Integrations
- Sales
Its where you access your customer invoices created automatically from your sales order, tasks or delivery orders.
- Inventory
Work in periodic or perpetual inventory valuations. Its where you access your accounting entries created automatically in standard price, average price of FIFO.
- Purchase
Control supplier bills is just a few clicks. No need to record everything, they are proposed by Odoo based on purchase orders or incoming shipments.
- E-commerce
Its where you access all your ecommerce transactions reported automatically in your accounts: sales, payments, refunds, shipping, etc.
- Customer Portal
Your customers get an access to their portal where they can download invoices, check order status, track payments, etc.
WHY CHOSE ODOO
Save time
- Beautiful user interface
A fast and modern user interface your users will love. Based on Google Material Design trend.
- Reduce data entry
No need to create invoices manually, print and send them, register bank statements, follow-up payments… Automate more, save time.
- Collaboration & Alerts
Follow what interests you, get automatic alerts and collaborate on documents easily.
- Pay Multiple Invoices
Ability to reconcile a payment with several invoices using a button on the payment form.
- Easy setup
Simplified initial setup with a configuration progress bar (example: set your initial balances from one screen).
- Mobile
Get an instant access to all accounting features, wherever you are, on tablets or smart phones.
- Bank Interfaces
Get your bank statements automatically synced with your bank. Save time with Automated reconciliation.
Accounts Receivable
- Clean customer invoices
Odoo invoices are easy to create, beautiful and full featured. (Payment terms, multiple taxes, discounts, price lists)
- Advanced Payment terms
Support multiple payments for one invoice, cash discounts, advance invoice and partial reconciliations.
- Draft invoice propositions
Draft invoices are created automatically by Odoo based on sales order, timesheets or delivery orders.
- On-the-fly payment reconciliation
When creating an invoice, Odoo suggests outstanding payments automatically so that you don’t have to reconcile it later.
Get paid easily
- Credit Card Payments
Get paid quickly by supporting online payment with credit cards. We support main payment gateways like Authorize.net, Ingenico, Paypal, Adyen, etc.
- Automated follow-ups
Odoo proposes emails, follow-ups letters, and tasks automatically to ease your credit collection process.
- Aged receivable balance
The receivable report gives you a clear overview of overdue payments and treasury forecast.
- Customer Portal
Your customer can track their order status, invoices, and payments through their portal.
- Advanced customer statements
Get clear reports on customer statements and navigate easily through the documents to understand every customer use case.
- QR Codes
Your customers can scan a QR code with their banking app to pay. The QR code is on PDF invoices and shows up in the payment screen of quotations and invoices.
Account payables
- Control supplier bills
Compare the information appearing on the Purchase Order, the Vendor Bill, and the Receipt to make sure you pay the correct bill.
- Employee expenses
Track employee expenses, from the recording to the validation and reimbursement.
- Forecast expenses
Get a clear forecast of your future bills to pay.
- Bill digitalization
Upload your scanned PDF or image format files to vendor bills, and let Odoo automate their creation with Artificial Intelligence.
Pay bills
- Print checks
Get a proposition of supplier bills to pay and print checks in batch in just a few clicks.
- Deposit ticket
Keep track of deposit tickets in just a few clicks to ease the bank reconciliation process.
- Automate wire transfers
Automate payments to suppliers with SEPA based on propositions by Odoo to pay at the right date.
- Organize payment orders
Support your own payment flows with optional validation steps.
Bank & Cash
- Automate bank feeds
Get your bank feeds automatically from the bank. 15,000 banks supported, mostly U.S., Canada and NZ ones.
- Manage cash registers
Easily track every cash transaction with opening and closing.
- Import Statements
If your bank is not supported, use OFX, QIF, CSV or Coda files to import statements easily.
Easy Reconciliation
- Smart Reconciliation Tool
Get reconciliation propositions automatically, register extra journal items on the fly, search efficiently. Interface for manual reconciliations, for both open and paid invoices. Learning of account numbers based on first manual reconciliation. Odoo matches 95% of invoices & payments automatically and the smart matching tool allows to do the remaining 5% super-fast.
- Easy outstanding payments
Get partial and full reconciliation proposition directly from the invoice or the bank statement.
- Online Payments
Confirmed online transactions create a payment for easy reconciliation. They also show up as notifications in the document’s chatter for easier follow-up.
- Reconciliation Report
Audit differences between your accounts and your bank statement balance to ease reconciliation.
Advanced Access rights
- Access Control Lists
Access rights are super flexible. Default configurations are already setup for accountants and advisers.
Multis
- Multi-currency support
Get your currencies rate updated automatically every day.
- Multi companies
Get all your subsidiaries integrated in the same system with consolidation reports in real time. Automate business flows with inter-company rules.
- Multiple users
Define as many users as you want with different access rights.
- Multi Journals
Organize your document into several journals (by departments, by type of activity) to split roles across several users.
Performance Reports
- Business Intelligence reports
Use Odoo pivot table to navigate through the information: consolidations, drill-up/down, group data, filters, etc. Multiple standard reports are available – Profit & Loss, cash flow statements, cash reports, executive summary and aged payable/receivables, etc. Get standard reports and chart of accounts available for 80+ countries. Export to Excel and pdf.
- Customizable dashboards
Create your own dashboard by assembling custom reports. Generate reports for any time period, comparing time period. Get dynamic calculation of certain fields e.g., YTD earning. Share filters and dashboard across teams.
- Annotate any report
All reports are full dynamic allowing you to navigate easily. Create multiple annotations. Annotate reports to add your notes for the managers inline.
- Customizable KPI’s
Define your own KPIs based on formulas: gross margin, customer acquisition costs, growth rate by products.
- Perpetual fiscal year closing
No need to report balance sheet accounts from one year to another. Automatic calculation of P&L based on chosen dates, only need to write the handling of earnings for closure. Choose lock entry dates for non-advisers and all users.
Legal Statements
- Profit & Loss
Navigate easily through the flow of information from the Profit & Loss report.
- Cash flow statement
Get a cash flow statement in real time with lots of options in the filters.
- General ledger
Search and filter in the general ledger easily and zoom into documents in just a click.
- Advanced Taxes Management
Odoo’s tax engine support a wide range of tax computations: price included / excluded, percentage, grid, tax on taxes, partial exemptions, etc.
- Consolidated Journal Report
The consolidated journal displays what happened in each journal organized month by month for readability.
- Balance Sheet
Get your current year earnings automatically reported to your balance sheet to report at any time without having to close/open fiscal years.
- Tax reports
Get your tax reports in accrual or cash based, formatted according to the right country.
- Country-specific statements
Intrastat reports, VAT statement, P&L/BS of the country, listing of VAT subjected customer, etc.
- Tax Audit Report
The tax audit report allows you to check how the tax report is computed for audit purposes. In the tax report, select a line and click on the “audit” button to audit the journal items (base and tax in the same report).
- Consolidation
Combine financial information from multiple companies to generate a consolidated set of statements. Leverage closing, historic, or average exchange rates and add multiple adjustment columns (no GL impact). Use data from other financial systems and adjust for partial control or ownership of one or more companies.
Analytic Accounting
- Hierarchies of cost accounts
Structure automatically your analytic accounts based on projects, contracts, departments, etc.
- Fully integrated
Get analytic entries automatically produced based on timesheets, supplier bills, work orders, etc.
- Analytic distribution
Distribute one accounting entry into multiple analytic accounts by using analytics tags and flexible distribution.
- Multiple-plans
Manage multiple analytic plans with default values and assignations ratios between cost accounts or projects.
- Analytic report
Get clear reports on your analytic accounts with hierarchy and subtotals.
Subscriptions
- Automatic Invoicing
Manage subscription and recurring revenues easily with contracts. Automate recurring invoices, payments and renewal alerts.
- Renewal alerts
Your salesperson gets automated alerts when contracts have to be renewed.
- Customer portal
Your customers can change their plans, order upgrades or downgrades / unsubscribe through the customer portal. (Based on your configuration)
- Recurring revenues & extra
Manage multiple subscription plans, templates and extra fees.
Assets & Revenues
- Assets Management
Track assets, depreciation boards and generate amortization entries automatically. Manage all events on your assets in just a few clicks.
- Revenue Recognition
Manage multi-year contracts, automate deferred revenues entries and get clear dashboards on your recurring revenues.
- Budgets
Track your budget and compare actual performance with different budget. Manage budget on your financial accounting or analytic accounts.
- Revenue dashboard
Get all your SaaS metrics in a clear dashboard: MRR, Churn, CAC, CAC ratio, Growth forecasts, ARR, CLT, CLTV.
Connect
- Web-service API
Connect third party applications with the Odoo web service API. We support all languages: python, PHP, java, c#, ruby, …
- Google spreadsheet integration
Connect Google spreadsheet to Odoo Saas to create your own dashboard in your favourite spreadsheet pulling data automatically from Odoo. Very useful for budgets, commission plans, etc.
- Flexible Import-Export
Use the built-in import-export tool to mass import or export. You can export then import the same data to mass update through excel sheets.
- Tax cloud integration
Apply the correct tax rates based on U.S. zip codes and product categories. Tax Cloud calculates sales tax in real-time for every state, city, and special jurisdiction in the United States.
