Odoo/Open ERP is an integrated suite of applications that includes modules for project management, billing, accounting, inventory management, manufacturing, and purchasing. Those modules can communicate with each other to efficiently and seamlessly exchange information.
The software covers all the standard warehousing, manufacturing, and sales channels. Odoo’s distinction is that the whole system revolves around a series of apps.
You can bolt on access to apps for a monthly fee that help you build a website, install eCommerce portals, run a CRM, and on and on. The benefit of this system is you don’t end up running a bloated system when you could be running a slim setup.
Odoo’s obvious downside is the limitation on users or the need to have a skilled technical team in house. Luckily, adding online users isn’t prohibitively expensive. With its scaled approach to users and features, Odoo provides a solution that can grow with your business
ERP software is mainly implemented to manage all your enterprise needs. Which means an ERP software doesn’t concentrate on one department of your organization but covers every department from Sales to Accounting with every aspect from Lead to final payments, delivery & support to your customers.
ERP software solutions integrate all the entire functioning of an Enterprise as to create one single unit, It also covers multiple branches and their respective departments. This makes communication and information transfer easy from one department to another.
Further every module is integrated with other modules to reduce the duplication and manual interference which further increases the efficiency and effectiveness of every department.
Further ERP software can be easily customizable as per the requirements or business workflows and rules. There is even specialized ERP software available as per the business some of the examples are MRP specifically crafted for Manufacturing Industries, ERP for eCommerce or for Trading Organizations.
In summary comparing simple software v/s Open source ERP.
One must remember that Open source ERP system is not limited with its functionalities, it can be increase till the technical specification and its structure allows, whereas in simple software there are limitations in increasing the functionalities as well as features.