Every organization needs a system that enhances its overall efficiency and streamlines and automates its business processes. Comprehensive ERP software solutions are perfect for all activities across departments. Nevertheless, SMEs often refrain from adopting ERP systems due to the cost commitment, which inhibits their growth in the long run. Odoo is a modern ERP solution that offers flexibility and efficiency without agitating the company budget.
Introduction: What is Odoo ERP and How Does it Work?
Odoo is an on-demand open ERP founded in 2005. It has risen to prominence as more companies turn to Odoo for its endless, flexible functionalities. In October 2022, it launched its 12th version.
Odoo has two versions: Open Source and Enterprise Editions. The first version- the open-source one is free for everyone and has the essential capabilities for running a business smoothly. Next comes the Enterprise edition, which is mostly chargeable and has advanced functionalities like integration with Salesforce, enterprise-grade security system, etc. The Enterprise Edition is charged either based on the number of users or the number of apps. This article will give you a peek into Odoo ERP price.
What Are the Different Types of Odoo ERP Packages?
There are two Odoo ERP packages based on the Odoo ERP cost. They are:
Community Edition: It is a free package with only basic features. In one of its updates, the Accounting feature has been removed from the Odoo Community Version. However, users can access the Invoicing app for essential accounting functions. Needless to say, the Community version also does not have other crucial components like bug fixing, functional support, hosting facility, etc.
Enterprise Edition: The Enterprise Edition is the paid Odoo ERP package. It has various capabilities and benefits besides the basic ones available in the Community Edition.
How Much Does an Odoo ERP System Cost?
The Enterprise Edition is a better choice for organizations due to its varied functionalities and add-on support, making it worth every penny. Odoo Enterprise License cost can be categorized into three plans:
Free/One App: As the name suggests, you do not have to pay any charges for the free version. Unlimited users will have access to only one app.
Standard: The following plan allows unlimited users to access multiple apps. You can also enjoy endless maintenance, hosting, and support facilities under the standard plan. All of this is chargeable. Odoo offers flexible payment options to its users. You can pay monthly subscription fees of USD 31.10 per user/month or an annual charge of USD 24.90 per user/month. Based on your budget and business needs, you can select the payment option most suitable for you. Further Detailed Price can be visited on odoo.com/pricing
Custom: The custom plan is perfect for those who want to manage multiple companies on a single database. Users can customize their Odoo software via Odoo Studios, the on-premise hosting option, or custom development. It costs USD 37.40 per user/month (annually) or USD 46.80 per user/month (monthly). Further Detailed Price can be visited on odoo.com/pricing
How Can You Reduce the Costs of an Odoo ERP System?
The flexible Odoo pricing makes it easier for small and medium-sized businesses to adopt and implement the on-demand open ERP. However, if you want to save on Odoo ERP implementation costs, here are five points to consider:
Plan and budget properly: ERP implementation costs can get out of hand very fast if there is no pre-determined budget. While selecting the Odoo ERP, consider the implementation costs in the project roadmap.
Avoid unnecessary customizations: Customizations look fancy but can drive up your budget. Carefully consider the add-on that will generate value and avoid those that are not effective. Excessive customizations will exceed the implementation budget and project timeline.
Be in the cloud: Opt for the Odoo Cloud since they are more cost-effective than on-premise solutions. Odoo Cloud pricing is affordable at only USD 4.99 per month. You will not be overcharged for heavy traffic. The implementation is also faster and cheaper.
Focus on long-term ROI: Before initiating the project, determine the return on investment (ROI) and consider the long-term consequences of your decisions on your organization. It must include the best and worst-case scenarios. In an attempt to save upfront costs, companies often overlook long-term objectives. Do not ignore the best practices. Rather prioritize generating long-term ROI to increase the value of the Odoo ERP implementation.
Choose the ERP vendors cautiously: One of the ways of reducing Odoo implementation costs is by hiring an experienced Odoo ERP vendor such as Silver Touch Technologies Limited. They can make a detailed and logical blueprint that delivers value without breaking the bank. They will also help you pick the best Odoo implementation plan.
Benefits of Using an Odoo ERP System
Having a hard time making the final call? Here are seven benefits you will receive by choosing a new-age ERP that is easy on the pocket.
One-stop solution: Odoo Cloud ERP is a comprehensive solution that provides tools for all business activities like accounting, manufacturing, marketing, purchasing, and delivery. Once you have implemented Odoo, you will not need any other ERP.
Encourages and improves collaboration: Communication is the key in modern organizations. However, the lack of an integrated system hinders department collaboration, including data sharing. Odoo helps the teams communicate effectively, and employees can stay informed at all organizational levels.
Scalable and stable: Odoo ERP is scalable at all stages of a business. It helps you transition from a small business to a medium one and, finally, a large enterprise within a short period without affecting any business management across the firm.
Cost-intensive: Odoo ERP decreases the need for manual labour, paper-based documentation, and multiple software systems that automatically cuts down costs. Moreover, it also brings down the maintenance cost of traditional ERP or heavy hardware. Odoo Cloud ERP is also inexpensive, therefore, an ideal solution for SMEs.
Aids in decision-making: Small businesses need to think on their feet and make quick decisions. Odoo gives access to real-time data and insights, providing decision-makers clarity. It helps them minimize loss and adhere to deadlines.
Better relationship management: Your company can nurture customer relationships through Odoo Cloud ERP's comprehensive CRM system. It enables businesses to manage all aspects of customer interactions, from sales to customer service.
Simple and flexible for customization: Odoo cloud ERP has built-in modules for industry-specific businesses. However, you can also customize them to fit your business needs.
Odoo ERP cost is set keeping in mind the upcoming organizations and their boot-strapped budgets. Embark on a new journey of efficiency and productivity with Odoo ERP by your side. Silver Touch Technologies Canada is your trusted Odoo ERP Partner.
The cost of implementing Odoo can vary depending on various factors such as the size of the organization, the number of users, the complexity of the business processes, the level of customization required, and the implementation partner chosen.
Odoo can be cost-effective for businesses depending on their specific needs and circumstances. Here are a few factors to consider:
- Modular structure
- Implementation partner
Odoo’s basic functionality requires an internet connection to function, as it is a web-based application that runs on a server.
Yes, Odoo ERP offers a free plan for its community edition, which is an open-source version of the software. The community edition includes a range of modules, including sales, CRM, accounting, inventory, project management, and more.
The community edition of Odoo ERP, which is the open-source version, includes a range of modules that are free to use.
- Sales Management
- Inventory Management
- Project Management
- Website Builder
- HR Management