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What is Odoo?

Odoo is an open-source alternative to many software packages. It can be used by any retailer with its POS (Point Of Sales), and in any website with its CMS (website builder) synchronized with the e-Commerce app. In the enterprise resource planning software field, Odoo is an alternative to SAP ERP, Oracle E-Business Suite, Microsoft Dynamics, Netsuite, and others.

Company Details


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Awards & Recognition

Odoo won the following awards in the Accounting - Enterprise category

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Odoo Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Odoo.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

90 Likeliness to Recommend

100 Plan to Renew

89 Satisfaction of Cost Relative to Value


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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+98 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Odoo?

0% Negative
3% Neutral
97% Positive

Pros

  • Continually Improving Product
  • Reliable
  • Performance Enhancing
  • Enables Productivity

Feature Ratings

Average 87

General Ledger Chart of Accounts

90

Reconciliation

89

Budgeting Forecasting

88

Project Accounting

87

Accounts Payable Purchase Orders

87

Expense Management

87

Integration APIs

87

Cash Flow Management

86

Dashboards, Analytics and Reporting

86

Accounts Receivable Invoicing

86

Cost Revenue Tracking

85

Vendor Capability Ratings

Average 85

Quality of Features

90

Ease of Customization

88

Business Value Created

87

Ease of Implementation

87

Ease of Data Integration

86

Breadth of Features

86

Product Strategy and Rate of Improvement

86

Availability and Quality of Training

85

Ease of IT Administration

83

Vendor Support

81

Usability and Intuitiveness

80

Odoo Reviews

Aimé Valentin M.

  • Role: Information Technology
  • Industry: Technology
  • Involvement: IT Leader or Manager
Validated Review
Verified Reviewer

Submitted May 2022

Likeliness to Recommend

9 /10

Pros

  • Continually Improving Product
  • Enables Productivity
  • Trustworthy
  • Effective Service

Michalina W.

  • Role: Operations
  • Industry: Other
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted May 2022

Reliable and awesome accountings

Likeliness to Recommend

9 /10

What differentiates Odoo from other similar products?

Because of the numerous features, I have tried Odoo Accounting software and can tell that it fulfills our demands quite well and assist us where other systems have faltered. The software is simple to use, and no training was required. The aspect that differentiates is that software has so many accounting features and it can suit a wide range of accounting requirements.

What is your favorite aspect of this product?

I particularly like the automatic warnings, bank statement synchronization, and automated reconciliation functions since they eliminate unnecessary data entry tasks and allow activities to be performed in the shortest time possible. Partial reconciliation is also supported by the fully-featured and simple-to-create invoices. Furthermore, the automated payment options minimize the necessity for reconciliation.

What do you dislike most about this product?

For setup, an Odoo technical manager is required. Data conversion from Excel to Odoo may be problematic. Security must also be stronger than it is currently. Setup is costly and time demanding, and maintenance can only be undertaken by an IT expert. User experience Can be improved by making it more user-friendly.

What recommendations would you give to someone considering this product?

Odoo Accounting software is a fantastic tool that enables accountants to accomplish more in less time by automating daily business processes. However, there is a lot of work that has to be done in the beginning to make it a perfect fit for their business model, so I urge that customers make sure they have a comprehensive IT team to maintain Odoo when they install it.

Pros

  • Helps Innovate
  • Performance Enhancing
  • Enables Productivity
  • Trustworthy

Young D.

  • Role: Information Technology
  • Industry: Technology
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted May 2022

Provide the best value for money.

Likeliness to Recommend

10 /10

What differentiates Odoo from other similar products?

Odoo Accounting software is a closely integrated and tightly-featured stack that makes it easy and simple for businesses to manage their everyday accounting tasks and enjoy their free time because its modules are handling their responsibilities on their behalf. To assist us in dealing with our different business strategies, Odoo offers numerous accounting modules in anticipation of diverse company scenarios.

What is your favorite aspect of this product?

The payment reminder module is my favorite because it enables me to set payment alerts for awaiting invoice bills with this module. Customizable and professional invoice payment reports can be generated easily and provide detailed information that isn't accessible with other similar apps. Furthermore, the old overdue report depicts past-due payments, and enhanced customer statements aid in comprehending each client use case, allowing for better decision-making.

What do you dislike most about this product?

I enjoy this entire system because its adoption was the most significant change for us, completely transforming the way we used to work. In addition, all of the powerful features and modules we needed are present, but it doesn't have more robust multi-currency functionality like other ERPs.

What recommendations would you give to someone considering this product?

Accounting businesses or individual accountants are frequently engrossed in manual chores that consume a significant amount of time and effort, preventing them from performing at their best. Odoo Accounting software works in these scenarios amazingly. Odoo not only deliberate employees but also make their difficult operations simple and less time-consuming for them.

Pros

  • Helps Innovate
  • Performance Enhancing
  • Enables Productivity
  • Trustworthy

Most Popular Odoo Comparisons

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