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.

89 Likeliness to Recommend

1
Since last award

100 Plan to Renew

88 Satisfaction of Cost Relative to Value

1
Since last award


Emotional Footprint Overview

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Emotional Footprint Overview

Product Experience:
99%
Negotiation and Contract:
93%
Conflict Resolution:
98%
Strategy & Innovation:
99%
Service Experience:
98%

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?

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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

88

Integration APIs

87

Accounts Payable Purchase Orders

87

Accounts Receivable Invoicing

87

Expense Management

86

Project Accounting

86

Dashboards, Analytics and Reporting

86

Budgeting Forecasting

85

Cost Revenue Tracking

85

Cash Flow Management

85

Vendor Capability Ratings

Average 84

Quality of Features

87

Ease of Customization

86

Business Value Created

86

Ease of Implementation

85

Ease of Data Integration

85

Breadth of Features

84

Availability and Quality of Training

84

Product Strategy and Rate of Improvement

83

Ease of IT Administration

82

Vendor Support

81

Usability and Intuitiveness

80

Odoo Reviews

John F.

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

Submitted Jun 2022

An easy and efficient way to manage our business

Likeliness to Recommend

8 /10

What differentiates Odoo from other similar products?

Because it is so simple for me to handle all of the accounting in Odoo, the task of the accountant is now reduced to the bare minimum, saving me money. Furthermore, in the past, all of my records and accounts would end up at my accountant's office, giving me a very limited perspective of my finances.

What is your favorite aspect of this product?

It's a major benefit if we can gradually build up the setups and features we'll need to include sophisticated capabilities. When utilizing an ERP system, users are frequently compelled to have and create configurations and data that are irrelevant. A system that starts with the basics and gradually adds functionality, either by configuration or by being flexible enough to strengthen and extend quickly, is better suited.

What do you dislike most about this product?

One thing that irritates me is that since Odoo publishes a new version every year with new fantastic features and it takes 6 to 12 months to upgrade our database to this new version, I constantly feel like I'm losing out on these new features and that they would make my work so much easier.

What recommendations would you give to someone considering this product?

The most significant distinction between Odoo and similar rivals' products is pricing. Your choice of software is determined by your industry and how your entities are organized. Adding bills and making invoices, as well as the integrations with other Odoo programs, have been a lot of fun.

Pros

  • Performance Enhancing
  • Trustworthy
  • Effective Service
  • Saves Time

Elizabeth H.

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

Submitted Jun 2022

Fan of its simplicity and usability

Likeliness to Recommend

9 /10

What differentiates Odoo from other similar products?

What I appreciate best about Odoo and what differentiates it from rivals is how simple and smooth everything is in this system. Odoo has a quick and easy manner for me to do any financial work I have. Odoo provides enterprise-level product capabilities to mid-sized organizations that are unable to invest huge sums of money in enterprise-level software.

What is your favorite aspect of this product?

Odoo Accounting is an incredibly user-friendly and simple-to-use platform and the simplicity of usability now saves us a lot of money and time. My bills are documented and my balances are completed in just a few clicks. The reconciliation technique makes the job relatively simple. Odoo provides all of the functionality that rivals offer at greater prices, as well as a slew of other features that rivals don't offer.

What do you dislike most about this product?

One horrible thing is that I know Odoo is publishing a new version every year with new fantastic features but it takes about half or 1 year to upgrade our database to this new version, that makes me irritated because we lose out on these new features and that has great ability to make our work much simpler and less time-consuming.

What recommendations would you give to someone considering this product?

Odoo's accounting platform offers a thorough overview, and to-do items are labeled with a hyperlink for easy completion. It's also really simple to update and write journal entries with Odoo. Adding bills and making invoices, as well as the assimilation with other Odoo programs, has been a lot of fun.

Pros

  • Continually Improving Product
  • Reliable
  • Performance Enhancing
  • Unique Features

Simone S.

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

Submitted Jun 2022

The best tool for managing accounting needs

Likeliness to Recommend

9 /10

What differentiates Odoo from other similar products?

This software was installed to manage our accounting needs, and it performs admirably. Everything about the product is simple to understand, from how to use it to how to integrate it. We found it to be a very useful tool. In comparison to other similar tools, it meets our expectations.

What is your favorite aspect of this product?

There is only one business management software we can trust when it comes to managing and managing business accounts: Odoo Accounting. I've used this software and can attest that it suits our demands admirably, thanks to its numerous capabilities. Because the software is simple to use, no training is required. Because the software has so many accounting features, it can suit a wide range of accounting requirements.

What do you dislike most about this product?

Specific built-in Odoo Enterprise License interfaces, such as bank synchronization, expose protected data and break confidentiality requirements. Direct integration with the third parties involved, without the use of an intermediary, would be preferable. At a transaction, there is a lack of solid access control and division of roles.

What recommendations would you give to someone considering this product?

Carefully set up the fundamental information for all Odoo items, such as the chart of accounts, accounting techniques, taxes, and so on. They can produce problems that you may not notice until they become very difficult to resolve. Take precautions and consider employing a consultant or a third party to assist in the right setup.

Pros

  • Continually Improving Product
  • Reliable
  • Respectful
  • Altruistic

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