Businesses face dense competition within the market to overpower their competitors. to remain ahead, it's necessary for a corporation to grasp every action of business successfully and efficiently. The arrival of ERP software has simplified the management of companies. it's reduced the redundancies in data management by automating manual entries. Stakeholders and employees got longer to specialize in other business operations. But, ERP has its limitations while incorporating different activities of companies.
An enterprise has several departments like Human Resource Department (HRM), Customer Relationship Management (CRM), Warehouse, Inventory, Finance, and Accounting. But, for communication in every department, different software was implemented to perform an outlined set of activities. the disadvantage was that there was no communication between the various departments leading to loss of knowledge and resources.
ERP has now become a highly dependable and satisfactory model for all business applications. It helps in such how that the business can complete the tasks effectively and may attain growth and productivity. Nowadays open source ERP implementation is in high demand. When the ERP implementation is employed right, the organization can save both money and time. Since Odoo is an open ERP, the implementation time and price are often reduced. the opposite advantage of Odoo ERP Implementation is that the operating expense is often reduced and Return On Investment is often increased.