ERP System is a software that allows you as a business to manage your day-to-day projects, meetings, accounting, and business related tasks. This tool is perfect for managing your resources.
Here are 5 ways an ERP System like Odoo can help manage your company’s resources:
1. Financial Accounting
Odoo ERP System offers a module of financial accounting, which includes general ledger, payable, receivables and collections, cash management, financial consolidation, and fixed assets.
2. Management Accounting
Using Odoo business suite also allows for your company to consolidate budgeting, costing, cost management, and activity based costing in one place.
3. Human Resources within ERP System
In the same Odoo HR software, you can control and access your company’s recruiting, training, roster and time-table, payroll, benefits, leave requests, clocking in and out of work, and employees’ timesheets, among others.
4. Odoo ERP Manufacturing
In the same spirit, you can manage your manufacturing resources with Odoo manufacturing, such as engineering, bill of materials, work orders, scheduling, workflow management, quality control, and product life cycle management.
5. Project Management
Odoo ERP System offers a project management module, which includes project planning, resource planning, project costing, work breakdown, billing, time and expense, and activity management
6. Customer Relationship Management
Also through Odoo CRM, you can work on your Odoo CRM with features such as sales and marketing, commissions, customer contact, and call center support.
Incorporating Odoo ERP into your day to day workflow will save you a good amount of money in just a few years.