With ERP solutions you can integrate the flow of information between various business processes. You can also integrate all your business transactions with the financial system used in your business in real-time. ERP systems can not just post business transactions on your financial system but also on the general ledger of the company. The advantage of this is that anyone in the Management can view all the financial data whenever needed. ERP software can cover many core business functions, starting from product pricing, sales order entry, inventory, warehousing, shipping, distribution, procurement, production, invoicing, and so many others.

With time the volume of business transactions increases and you may not be able to handle all that data efficiently using spreadsheets alone. Keeping data only on excel sheets could cause many errors and you also do not have the control over data that you would like to have. When you maintain all your data only on spreadsheets, data security is compromised and may even lead to leakage of sensitive or confidential information. 

 Spreadsheets or accounting software such as Peachtree or Quickbooks are okay when you have a limited number of transactions. However, as transactions increase in volume and complexity, the need for ERP solutions also increases. The lack of appropriate business software could be detrimental to a small business, especially if there is a growth in both revenue and the number of employees. Your business could be impacted by lost orders, poor planning, inventory shortages, missed shipments, or missed invoices. ERP systems streamline key data into a single platform. Hence, SMEs can save money that was earlier spent on individual software and other management systems for different departments.

One of the biggest upsides of using an ERP system is that it makes small businesses agile and flexible, quickly capable of adapting to changing market needs. These solutions offer greater business flexibility as ERP systems allow quick data management adjustments whenever the need arises. Whether you have changes in sales figures or order cancellations, all such changes can be easily maintained in an ERP system without the need for finding, deleting, and typing in the data like in spreadsheets.

When you use spreadsheets to maintain a large volume of data, you often lack control over the data. For instance, you release the budget for your business, but you do not check if there is confirmation of receipt. When the data volume is huge, there is a chance that you may forget something, which could lead to losing sales,and thereby revenue. You can customize your ERP software to send you daily alerts so that your business does not incur any losses because you forgot something. It can also provide daily, monthly, and yearly reporting helping you maintain consistency in your business processes and policies. Doing so improves your customer service and customer experience, which in turn, increases profitability.

ERP systems provide real-time data, which enables small business owners to quickly respond to changing market conditions and make difficult decisions easier. Having access to accurate and updated data and information allows business owners to make timely decisions that are crucial for business sustenance and growth. You can compare annual or monthly sales figures helping you forecast future sales. You can better plan for the financial needs of your business and make effective decisions according to your business requirements.

With Odoo ERP, you can automate your entire invoicing process, eliminating the need for manual data entry. You can also easily access all accounting features on your mobile devices - keeping an eye on your business even on the go.
  

Odoo comes with an intuitive user interface and a dashboard that provides greater visibility into your sales activities. The software also provides valuable guidance in the form of tips and best practices for customers to strategically configure and deploy their CRM. The mobile user interface can accommodate your entire sales team, regardless of their location, even without an internet connection.
  

Since Odoo comes with an integrated E-commerce platform, you can configure automatic stock adjustment and reporting so that both sales and inventory can be easily maintained. It also offers a dedicated customer portal which helps to keep all  the customer information organized, including order tracking and claims. Odoo  users can also download invoices and delivery orders, and view pending shipments, all in a single platform.
  

Unlike other ERP software, Odoo offers unique double-entry inventory management that helps you track your products or materials from the supplier to the customer. Users can pack and deliver orders, regardless of whether they use barcode scanners or not. Odoo ERP software prepares customers' orders based on availability.
  

You can use Odoo ERP to manage all your assembly and manufacturing operations. A major benefit is that Odoo automatically triggers quality checks for your manufacturing department.
  

With this module, you can gather all your employee information in one central database. You can also create weekly and monthly time sheets to trace the time spent by each employee on a project.
  

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