Odoo is an advanced enterprise resource planning (ERP) solution that provides complete
control over your company thanks to the platform's innovative and well-defined features.
Odoo is one of the top ERP solutions now available on the market and is favored
over alternative business management solutions by many commercial organizations
due to its dependability, operational preparation, and sophisticated control and
administration skills of your firm.
This chapter will go through the following topics :
- Brief introduction of the Odoo software
- Localization features of the Odoo platform, installation, and hosting methods
- The modules' customizable parameters for accounting
Let's go over each component individually
Odoo ERP: An Overview
With the introduction of components of digitization and global connectivity, corporate
operations management has switched to business management software solutions. Today,
there are a number of items on the market that are marketed as "business management
solutions," allowing consumers to access their cutting-edge operational capabilities.
Enterprise and resource planning software is a well-known category of business management
technologies that have gained widespread use. The theory of total company control
was well-established even before ERP solutions were developed. Additionally, with
the introduction of digitization, the idea was translated into a software model,
paving the way for the company management solutions that are offered today.
Odoo is one of the well-known full-featured Enterprise Resource Planning (ERP) systems.
Fabien Pinckaers, who currently serves as the company's CEO, founded it in the first
decade of the new century as TinyERP. When the platform evolved into an open-source
platform, it was renamed OpenERP. Odoo version 8 was released, which was the basis
of the current platform available for Odoo. Since 2014, Odoo has released an updated
version every year. The latest version, version 17, is the most advanced and fastest
Odoo yet.
The upcoming release of Odoo 18, the latest version, is scheduled to be released
in the fourth quarter of the year during the Odoo Experience Meeting 2024.
Although it started as a humble business, Odoo has grown into one of the most well-known
companies around the world. Odoo has more than 2,550 partners who are able to build
and deploy other required Odoo services. With its flagship product, Odoo, which
bears the company's name, the company expanded globally. With its infrastructure
and capabilities used in over 100 countries and over 7 million users worldwide.
Its open-source infrastructure design, which has allowed many developers to participate,
is one of the main factors contributing to its immense popularity worldwide. This
has also led to the system being a customizable software solution that helps companies
define the platform for their operations as needed.
Another aspect is Odoo's design, which is modular in nature and provides you with
dedicated user modules. Each standalone module that is available by default adds
more functionality to the application. Covering Accounting, Sales, Purchasing, CRM,
Inventory, Field Services, Marketing Automation, SMS Marketing, Email Marketing,
Projects, Planning, and more, these standalone modules are functional tools that
are application-specific. In addition, these modules are interconnected so that
you can use one centralized work function. Connection functions can be customized
with the many options included in each module to give you complete control over
the data flow.
Since Odoo is an open-source business management software, it is supported by the
Odoo community. The Odoo community consists of all the people who use and support
Odoo, including all official Odoo partners, consultants, and developers. To get
related services to Odoo, you should contact the authorized partners of Odoo and
choose the best among them. As the best Odoo partner, Cybrosys Technologies can
provide you with comprehensive and expert service for your Odoo needs.
The Odoo Apps Store has a number of apps created by the Odoo community, as Odoo
does not provide custom features, and it takes time to build them on the platform.
The applications created here perform the unique tasks described in the application
and can be installed and used on your platform. The application must be downloaded
according to the version of the Odoo platform you are currently using, as some applications
may not work with all versions of Odoo. Odoo is available in two different versions:
a commercial version and a community version. On the other hand, the community version
of Odoo can be considered as the basic version of the software and can be used with
minimal features. On the other hand, Odoo Enterprise Edition is the most advanced
version of the software, allowing extensive development, customization, and integration
of unique Odoo applications.
You now have a clear understanding of the Odoo platform. Let's move on to the next
part, where we will talk about the installation and hosting of components of the
Odoo platform.