Odoo is a one-stop shop: it offers solutions to businesses for customer relationship management (CRM), sales, project management, inventory management, human resources, accounting, and more. That said, however, Odoo is also quite an expensive one-stop shop—while it does offer all these services, it offers that at a rate that is not at all cheap (to say the least). So, if you are a business looking for the best Odoo alternatives, then continue reading this blog to find out more.
Before delving into the list of Odoo alternatives, let us first understand that the reason why these alternatives are being proposed is not that there is anything lacking in Odoo—it is a fantastic business management software that is a market leader for a reason. However, owing to the specific needs of your business, you may want to consider shifting to the best open source Odoo alternatives because a lot of times businesses do not need the plethora of features and functionalities offered by big software like Odoo.
So, they can either choose an Odoo plan that only includes the features they will be using (thereby reducing the subscription cost), or – and this is where this blog will help you – they can shift entirely to Odoo alternatives that are better suited to cater to their needs.
Now, without further adieu, let us dig into the best alternatives for Odoo that will help you supercharge your business!
Read more: Mastering Customer Relationships: Unlocking the Potential with Odoo ERP Consultants
5 Alternatives to Odoo That Are Worth Checking Out
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ERPNext
ERPNext has been ranked first on this list because it is the best free alternative to Odoo. This software can be especially beneficial to small businesses that do not require a complicated suite of features and can make do with a basic set of features for which they will not be expected to shell out even a single penny.
That said, it is true that ERPNext also has paid versions of its pricing plans but, firstly – starting from $10 per month – they are relatively cheaper than its competitor’s. And secondly, the free version in itself offers enough features that make it worth a shot to check out whether that may be enough for your business.
One of ERPNext’s biggest selling points is its highly customizable and visually easy-to-navigate dashboard which makes it just the right fit for small businesses and startups in the verticals of health and education.
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Acumatica
Though some claim that Acumatica might even be better than Odoo – the jury is still out on that! – but it can be said with a fair amount of certainty that it is the best alternative to Odoo in the market if, again, price is not an issue for you. Owing to its vast offerings of features at albeit a high price, Acumatica can only be seen to be a good fit for medium to large businesses with deep pockets and management problems large enough to warrant so robust a business management software.
It is owing to its largeness that Acumatica has clients that are as big as companies like KFC and Mitsubishi. If your business is in that league – or intends on reaching there and can afford to manage the high operating costs of licensing Acumatica – then it might definitely be worth a try to check it out and see if it fits your business better than Odoo.
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Oracle NetSuite
If your business has been using Odoo for a very long and has integrated it deep within your business’s tech stack, then it makes perfect sense for you to want to shift to software that is not as radically different from Odoo as some of the others on this list. In that case, you should definitely check out Oracle NetSuite—software that offers seamless cash management across currencies and geographies, a feature that makes it especially suited for multinational organizations that, owing to the nature of their work, regularly operate across borders.
However, owing to its competitive pricing, Oracle NetSuite is also better suited to medium to large businesses that can, firstly, afford its high subscription cost and can also utilize its specialty at managing cashflows seamlessly and across currencies. If yours is a small club in the suburbs that rarely attracts members from outside a 50-mile radius, then it makes more sense for you to consider some of the other alternatives on this list that offer the services you need at a reduced price.
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SAP Business One—best accounting
This one may be the most unique software on this list. And while it may not be for everyone, for those that it does cater to it has the capacity to work wonders. SAP Business One has been actively designed to cater to business’s accounting needs. It helps clean up transaction entries and even offers detailed accounts of a business’s payables and receivable modules.
Furthermore, the software also offers added features for efficient management of cash flow, managing budgets, and devising projections for controlling the operating costs of your business. These features, in addition to the usual financial analysis and reporting tools, make it an excellent tool for those looking for accounting-centric business management software.
A golden rule of business is to make sure that you have your suppliers sorted out—SAP Business One features allow purchasing, procurement, and inventory control to help your business manage your suppliers so that at no point your business suffers from any error in accounting with your suppliers.
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Microsoft Dynamics 365
Before coming to this software’s unique offerings of features, let us get one major advantage out of the way that this software offers and which various others do not: Microsoft and its suite of applications are already so deeply integrated with most company’s tech stacks, that often it can be a massive boon to include yet another Microsoft application in the form of Microsoft Dynamics 365. (Such is the level of integration Microsoft enjoys that even this blog that you’re reading right now was written on MS Word.)
As for the software itself, it is most suited for human resource management for two reasons. The first reason is related to the software’s own features such as the option to track sales opportunities and hyperfocused email marketing that is informed by customer data that the software collects on its own.
The second reason is, again, owing to the software’s integration with other Microsoft suite applications. If your company is already using Outlook, then it will make for a more seamless experience for your marketing team if the software also derives its data from Outlook.
Read more: Why You Need Trusted ERP Consultants to Help Manage Your Odoo Integration Services
The bottom line
Odoo distinguishes itself as a comprehensive solution in the large terrain of business administration software, offering services ranging from CRM to project management. However, its high price tag stimulates a hunt for alternatives. While Odoo is the market leader, certain company requirements may bring one to these alternatives.
- ERPNext emerges as a low-cost option for small firms, using customization and simplicity.
- With its extensive feature set, Acumatica, despite its expensive expenditure, appeals to larger organizations.
- Oracle NetSuite caters to customers looking for consistency, assisting international corporations with fluid financial management.
- SAP Business One carves a place for itself in accounting, transaction optimization, and supplier management.
- Finally, Microsoft Dynamics 365 integrates seamlessly with current Microsoft apps, making it ideal for comprehensive human resource management.
Consultants such as the ones at Techloyce can help you make the shift from Odoo to whichever alternative you end up choosing!
