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Earlier only large businesses can afford ERP, but due to innovations and improvements in the industry, a small budget business can also afford ERP solutions for their business that helps in increasing the productivity and customer experience.

There are different types of ERP systems available in the market, but a few of them are listed below that are available at low cost and in return provide with most of the features needed to improve the business. These are as follows- 

  1. Genius ERP- It is best for manufacturing companies as this ERP is built keeping in mind the manufacturers and distributors. Include features such as estimating, inventory control, managing orders, procurement planning, and managing accounts. Hence, it helps in simplifying the management of complex manufacturing.
  2. IQMS EnterpriseIQ ERP- It is best for scalability, it is mostly designed keeping in mind the small business and startups. Includes features such as inventory control, sales, and manufacturing of finance. It also helps in scaling the growth of the business. 
  3. SYSPRO ERP- It is best suited for flexibility and ease of use and includes a fully-fledged solution. It is helpful for small and medium-sized businesses in expanding, manufacturing, and distribution. It also has features for warehouse management and inventory control.
  4. Dolibarr ERP CRM- It is one of the best ERPs that is available for free and combines features of both CRM and ERP software. It is simple to install and use and provides excellent value for money.
  5. Versa cloud ERP- The system helps in monitoring, managing reports and data across revenue and inventories, and this ERP system can be accessed from anywhere providing financial and operational management.
  6. Honey book- Helps companies in organizing work activities, connecting with clients, managini9ng invoicing, and including electronic signatures, expense tracking, and organized calendars as its prime features.
  7. Oracle fusion cloud ERP- Provides end-to-end business management thereby helping in the planning of material, financial software for accounting, and business intelligence.
  8. Quick books enterprise- Includes features such as reporting, inventory management, and ability in dealing with large sets of data and is an easy to use ERP system.
  9. Netsuite- This system runs in the cloud and helps in inventory management, supply chain management, financials, and CRM and offers real-time reporting of data and performance.
  10. Odoo.com– Is the best open-source solution that can be used for business without any additional software. Includes modules for manufacturing, inventory, projects, and accounting. It is available free of charge on an open-source license and is a cost-effective ERP system.

There is a criterion based on which one should select the ERP system for their business, which is as follows-

  • User interface (UI) – ERP systems should be such that they are easy to navigate.
  • Usability– The system will be used by many people in an organization, hence it should be easy to work on it.
  • Integrations- The ERP system should be such that it integrates with other software being used by the company.
  • Value for money- The pricing of the ERP system should be suitable for small businesses by being clear, transparent, and adaptable.

For small businesses, the ERP system should provide the following features-

  • Accounting- It helps in simplifying the financial report and allocation of resources.
  • Human resources- It helps companies to function with speed and accuracy.
  • Inventory management- Keeps a track of the supply of products thereby ensuring stocks of optimal level.
  • Business intelligence- Helps in analyzing the data which helps in making a decision.
  • Manufacturing- Includes this feature that helps in allocating budget based on forecasting.
  • Supply chain management- This system tracks the movement of the supply of products.
  • Customer relationship management- This ERP system also helps in maintaining the relationship between the manufacturing companies and the customer.
  • Automation- repeatable businesses are simplified for increasing the efficacy of the company.
  • Analysis and reporting- For better decision making provide comprehensive data.

How does planet Odoo help small businesses implement ERP solutions?

  • Planet Odoo mostly implements their ERP solutions through their modules and offers different sizes of modules based on the requirement as these Odoo modules help manage all business operations quickly and effectively.
  • The planet Odoo helps in the implementation of solutions after thoroughly analyzing the requirements and solutions already existing for the business.
  • Hence, planet Odoo includes the following steps for ERP implementation- 
  • Pre-analysis- this step involves a full understanding of the tools, resources, and challenges being faced by the industry. It also involves analyzing and documenting other parameters required for implementing Odoo ERP.
  • Deploy and development- it involves preparing the entire ERP system for going live which involves customization, user training, and importing data to evaluate the overall situation.
  • Data migration- it involves migrating all the data from the existing system into the Odoo system, the client will initiate the process thereby getting the data and inserting it into the new system.
  • End-user training– the last phase before the system goes live, includes the stage when implementation is complete and the user needs the training to start working with a new system to increase productivity.
  • Support and maintenance– once the ERP system goes live, the vendor will check for maintenance and support so that the product will be working for a longer period and now the user can start working with the new Odoo system.

Concluding, the planet Odoo provides ERP solutions not only for larger businesses but also for small budget businesses that help in the proper manufacturing of products by providing various features that are necessary for improving productivity thereby enhancing customer satisfaction.

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