It could be tricky to choose ERP software for SMBs as they require both agility and robust functionalities to run smoothly.
There is no one-size fit in the ERP market, so understanding how particular software is the best fit for an organization in the SME & SMB space should be considered carefully.
This can be an extensive topic, but in short: make sure you build a business case, build your list of ERP & business requirements, try approaching certified consultants and shortlist requirements.
As SMB owners, you need to understand where your business fits on a wide scale of cloud and on-premise, industry-specific, and generalist enterprise resource planning tools to make the right choice.
In this blog, we will discuss why businesses should choose Odoo for SMBs.
Get to know Odoo ERP if you still haven’t heard about it!
Reasons to choose Odoo for SMBs.
No business is too small to have ERP software or solution.
All small and medium businesses operate in different ways, serving diverse clientele and working in different industries, so their needs wildly vary.
Despite this, most SMBs look for common characteristics when evaluating ERP software.
Streamline Processes and Data across the Organization
Whether SMBs or enterprise-scale, businesses are generally concerned with improvising internal systems and processes to reduce costs and increase productivity. Everything needs to be documented so all the information is in the right place, which is easy to access and centralized.
Odoo ERP integrates and centralizes all the data and processes, so SMBs no longer need to waste time trying to track and trace products and extensively search for information. They can focus on research and developing innovative solutions for future growth.
Industry Fit
Odoo works best for SMBs regardless of industry type.
- For businesses in professional services firms, including integrated financial management, accounting, billing, and more, Odoo offers pre-configured functionalities for over 70+ countries’ requirements.
- For SMBs dealing in distribution, Odoo can be considered an integrated model for handling core business operations, including invoicing, supply chain, delivery, product tracking, and fulfillment.
- For SMB retailers, Odoo ERP acts as an all-in-one solution for managing their online stores. Odoo’s integrated model allows for managing inventory and sales while maintaining automatic stock adjustments and reporting.
- For SMB manufacturers, Odoo streamlines shop floor processes such as budgeting, forecasting, engineering changes, optimizing inventory levels, generating Overall Equipment Efficiency (OEE) reports, and more.
Multiple Deployment Options
Unlike most ERP software that offers Cloud or On-premise solutions, Odoo provides various hosting solutions.
Odoo, when deployed via SAAS on AWS, allows you to access it from any web browser or device. Odoo handles all infrastructure and upgrades, and you pay an annual software subscription fee.
With Odoo’s private cloud subscription Odoo is hosted in a private cloud with a hosting provider that you choose or can be hosted on-premise.
Learn more about Odoo hosting solutions here.
Optimal Pricing Structure
With its every version, Odoo continues to make the suite of business applications stronger, smarter, and faster with new apps, features, and improved services.
With the latest version, Odoo 16, they have introduced optimal pricing options, which means Odoo would adjust the price level according to the company’s number of users.
Know more about the latest version, Odoo 16.
If you are using Odoo for small businesses they will offer services at a comparatively low price for a few users than for a larger company with more complex needs and hundreds or thousands of users.
Odoo 16 Pricing:
Customizable Framework
Since Odoo is built on an open-source and modular framework, it gives SMBs the freedom to customize business functionalities that are distinctive to their industry or target market.
Odoo also provides a marketplace platform wherein businesses can find custom apps according to their requirements if they can’t find an out-of-the-box solution.
The Bottom Line: Is Odoo Good for Small Businesses?
Even some of the most affordable ERP software also burn a hole in the pocket of SMBs.
Odoo is one of the most affordable ERP software, especially its value for money for small businesses, allowing them to start with all the essential functionalities at a minimal cost.
Additionally, SMBs can scale up Odoo’s module as their business needs grow, adapt to the changing norm, and perform better in their target market.
With limited resources and several budget constraints, a small business can improve and grow from the benefits of Odoo ERP. It can bring the whole business unit under a single interface and make things easier to manage, with modules suitable for almost any industry fit.
