Odoo ERP

Factors to consider for ERP Implementation. What is an ERP system? ERP which is commonly known as Enterprise Resource Planning is a type of software/system that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management, compliance, and supply chain operations. A complete ERP suite also includes enterprise resource planning management software which helps in managing budgets, forecasting, and reporting on an organization’s financial results. Why is there a need for an ERP system? Modern businesses are confronted with new data-driven difficulties that have the potential to be incredibly complex. Dealing with this data through outdated, disparate systems is becoming increasingly difficult. To assist with data organization in an era of rapid technological change, businesses may turn to Enterprise Resource Planning (ERP) systems, which organize and consolidate business data, documentation, and communications into a single, easy-to-navigate resource. With this new system, an organization may use its collected data to make informed and profitable business decisions, potentially increasing both its Rate of Return (ROR) and operational efficiency. Key factors to consider for ERP implementation in 2023. 1. Project Strategy and Startup The first and most crucial step in ERP implementation is to develop an ERP implementation strategy. A successful ERP implementation is said to have occurred when users receive what they want (end goal), within their budgeted cost and time, and with a satisfactory ROR (return on investment). To ensure that the organization is prepared for changes in processes and new systems that can have the greatest impact, relevant change management strategies, discussions, meetings, and training should be implemented. 2. Management Commitment ERP implementation not only changes system transactions but also updates business processes. Implemented ERP alone should not be made responsible for project delivery they are also responsible for most of the heavy lifting. In order to better support business objectives the Senior and mid-level managers should be given inputs from all parts of the organization and be involved in any project from inception to completion. A key tip is to keep management involved in project sponsorship, steering committees, issue escalation, and resolution. All these activities are involved in keeping the management informed and maintaining their support. 3. Project Scope The common ERP system may only be able to fulfill some of the requirements of your organization and that is the reason why customization of ERP is required. Develop an implementation strategy such that ERP is tailored to suit the firm’s initial priorities keeping the end goals in mind, tools, and systems the organization uses. Try to understand core business requirements, plan how to satisfy them, and determine how to achieve them. Take into consideration the business requirements such as management of data, BI, Social media management, etc. these can be met in the process of implementation later on or in further enhancement. 4. ERP Implementation Project Team: Choosing the best ERP implementation team is a must for the success of an ERP implementation project. There should be strong project managers and other talented team members representing business and IT. Identify subject matter experts across the organization. Good working association with consultants. Choose a highly experienced and cooperative team of consultants for ERP implementation projects. 5. Change management, Training sessions, and Communication. After ERP implementation there would be a lot of changes that will be taking place and that is one of the reasons why businesses usually hire a dedicated team for managing the changes taking place. The most commonly used concept by ERP vendors today is – “Train the trainers” This is where software vendors or consulting integrators train only carefully selected employees/ internal staff members who are expected to in turn share their knowledge with others. This approach is most effective for vendors but it takes a lot of time and hard work to reach the entire organization. Be prepared to develop consistent good communication between the project team and the whole organization. 6.Customizations/ Modifications: Most ERPs are built keeping the best practices in mind it is done to ensure optimized performance, collection of useful data, and streamlining process. Try not to think in a restrained way in which things were done before. Keep business objectives and overall strategies in mind while getting the ERP customizations/ modifications. A pro tip is to research various ERP implementations in the industry and decide upon what customizations are required. Keep the modifications ready as software vendors tend to update the ERP system with new releases. 7. Budget: While deciding upon the budget it is essential to consider all the costs involved in the implementation process such as software, hardware, and resources hired as most companies expect a positive ROR from their ERP implementation. An important thing to bear in mind is that try not to cut costs in change management, training sessions, and project management. 8. Project closure: There should be clear communication in terms of when the system would be ready, getting live, and when the legacy system is being shut down/ discarded. The same precautions are to be taken for introducing new business processes. Make sure to document well throughout the engagement and store the document for future reference in a way that all the staff members can easily access it. To make sure things are going as per the plan it is necessary to conduct audit processes and system transactions. For post-live support/ needs, it is necessary to create a competency center Summary Organizations that are looking for ERP implementation should take into account the above-mentioned factors for successful Odoo implementation. It is necessary for companies to develop a strategy, commit to management, define project scope, choose the project team wisely, plan for change management, customize according to the business needs, budget for all the costs involved, and make a team for post-implementation support. Book Free Consultation session with TechUltra Solutions to start your ERP implementation journey as soon as possible to ensure ERP implementation with the best practices for every industry. About TechUltra Solutions. TechUltra Solutions is a leading Odoo And ERP Development company working since 2016. We have more than 6 Years of

(Companies using Odoo) What is Odoo?  Odoo is a leading ERP System with a significant industry share. Companies are usually categorized into 2 broad criteria: companies that have still not heard about Odoo and those that have already ripped the benefits that come with the Odoo ERP system. How Many companies are using Odoo? According to a report that was done for near about 7 years, it was found that 19,000 companies are using Odoo. Most of the Odoo customers are located in United States and particularly Information technology and Service Industry companies who have a working staff of 1-100 and 1M-10M $ as Upperline. Popularity of Odoo: Companies using Odoo get the following benefits: List of 10 companies using Odoo ERP:  1. Toyota. 2. World Wide Fund. 3. Santafixie. 4. Sock Club. 5. Scarpetta Shoes. 6. KOGLAND Commerce Pvt Ltd. 7. Qatar Investment Authority. 8. National Agency for Food and Drug Administration and Control (NAFDAC). 9. Sodexo. 10. Bazile Telecom. Companies using OpenERP / Odoo: 1. Toyota. Toyota is a world-famous and giant Japanese car manufacturing brand. It is known for manufacturing the highest quality cars that have set a global standard.  In order to manage the distribution effectively one of their branches “Toyota Material Handling” (based in Sweden, Italy, and France) has implemented Odoo to manage the distribution network and supplies in Europe.  Toyota had experienced multiple ERP systems before Odoo but they were not that effective but Toyota has found Odoo ERP to be effective. After Six months of Odoo Integration here are some findings: Looking at the positive results and process improvements, Toyota has decided to replace everything with Odoo. The company really appreciates the smoothness and overall data management capability on a centralized platform using Odoo. 2. World Wide Fund. World wide fund is an international organization for endangered species conversion and they needed an ERP. The World Wide Fund (WWF) is a company which takes care of trees in Virunga National Park in the Democratic Republic of Congo.  The company wanted Odoo system that could help achieve its objectives such as plantation fund collection, growing eucalyptus, and encouragement of development and agricultural growth.  In simple words, WWF needed high-quality and accessible IT infrastructure and they found Odoo to be a perfect fit for all their development needs.  WWF was able to track and manage 4 Million square meters of eucalyptus while also getting other benefits such as better report times and budgetary control. Odoo was able to completely meet and satisfy their business needs. 3. Santafixie. Santafixie is a bicycle company that was founded by Xavier Claveria Masip in 2010. This company used Odoo CRM (Customer Relationship Management) for its business needs.  Their website has all the primary needs of a bicycle owner such as Wheels, frames, forks, handlebars, cranks, locks, pedals, and additional needs such as pants, helmets, glasses, gloves, socks, etc. There is also a wide range of brands such as Cinelli, Brooks, Miche, BLB, Kryptonite, and many more. 4. Sock Club. Sock Club is in the sock business since 2011, it was founded by Dane Jensen. Sock Club uses Odoo for its CRM and ERP needs. These odoo systems will help Sock Club to remain competitive in the dynamic market and maintain long-term customer loyalty.  Odoo system also helps in collecting appropriate data which helps in future forecasting and understanding clients’ behavioral patterns. In this way, Odoo helps the sales team in collecting the required data in a systematic way. 5. Scarpetta Shoes. Scarpetta Shoes was started by Adam Dwidari in 2009, it is an eCommerce store that uses Odoo for getting a more effective CRM and better client experience.  Odoo acts as a perfect all-in-one solution which helps to manage sales, inventory, accounting, etc. Scarpetta Shoes uses Odoo for their CRM needs, Odoo also helped in getting a better and scalable website along with this it is also more flexible. 6. KOGLAND Commerce Pvt Ltd. Kogland Commerce is an eCommerce platform which was started by Varghese Samuel in 2016, it is considered among the best B2B online shopping store in order to procure medical supplies, medical equipment, medical devices for hospitals & clinics at a discounted price.  Kongland Commerce required Odoo CRM to collect and analyze customer needs, also to understand preferred ways of buying things, display the data in clear and easy to manage interactive dashboards which in turn helps in making informed decisions.  A combined synchronization between CRM and ERP systems gives businesses an unbeatable competitive edge over competitors with the help of enhanced communication, centralized data system, and real-time activities update. 7. Qatar Investment Authority. Qatar Investment Authority was started in 2005, it was established as a government enterprise and now it is recognized as a sovereign wealth fund that specializes in both foreign and domestic investment. The company was facing an issue of collecting important and confidential data from global prospects in a secure location.  Odoo was able to provide the required support to the Qatar Investment Authority. Odoo was able to collect and centralize data while also maintaining privacy protocols. There was also an increase in overall efficiency, an enlarged network of suppliers, and the possibility to forecast future campaigns and other benefits. 8. National Agency for Food and Drug Administration and Control (NAFDAC). The NAFDAC ( National Agency for Food and Drug Administration and Control (NAFDAC) was established in the year 1992 by Decree No. 15 of 1993 as amended by Decree No. 19 of 1999 and now the National Agency for Food and Drug Administration and Control Act Cap N1 Laws of the Federation of Nigeria (LFN) 2004. It was set up in order to control and regulate the manufacturing, importation, distribution, sale, advertisement, and use of food drugs, cosmetics, medical devices, packaged water, detergents, and chemicals.  The institute is established with a vision of “safeguarding public Health” and mission is to safeguard public health by ensuring that only the right quality drugs, food and other regulated products are manufactured, imported, distributed, advertised, sold, and used in Nigeria. 9.

Expected Features of Odoo 17 are out Read more about expected Features of Odoo 17 Get ready to experience the Quickest, most User-Friendly, Advanced, and latest Version of Odoo development which is Odoo 16. Through these updates, Odoo tries to improve the internal functionality and the user experience which helps in improving the productivity of the end-user and receiving a significant competitive advantage. The Stable and updated version of Odoo 16 was released in October 2022 and consists of many improvements some of which are improved performance, greater speed, and improved UX which is expected in every major release. Odoo 17 is now Live ! Upgrade to the fastest, latest and the Latest Odoo Version – Odoo 17 now.  Paid Free Odoo Consultation. Let’s Understand the New Features of Odoo 16. Performance 3.7x faster than the previous version2.4x faster sql query3.9x faster ecommerce speed Accounting Dynamic dashboardSpreadsheet improvementDynamic report Knowledge Application New module for internal knowledge module E-commerce Dynamic dashboardSpreadsheet improvementDynamic report 1. The All New “Knowledge App” The all-new Knowledge app will let the users capture the required knowledge, document it and allow the authorized users to check the: To increase the efficiency of existing employees and provide training to new employees the Knowledge app is a great way for businesses to pass on knowledge and best practices to the workforce. 2. Enhanced User Satisfaction: As expected with every software update in Odoo there is an improvement in the user experience. The new version (Odoo 16) of Odoo has tried to improve user-friendliness across all the Key modules like Staff Management, and Product Management along with this the Marketing and Sign Modules have also got completely redesigned and modernized.  Several other Benefits for Business include: 3. Accounting Module: With the implementation of Odoo 16, there are many improvements in the accounting module such as: Business Benefits include: Odoo 16 with complete accounting features with 3x faster than the previous