If you’re an owner, you already know how simple it is to start a company. Keeping it continuing, though, is a different thing. Managing a modest customer list with a group might be simple and straightforward, but as your business grows, your work can become extremely unbalanced.
However, given the rapid improvements in technology, it makes sense to implement the best business management software you could to make administrative procedures less time-intensive and much more effective. However, without business management software, it becomes increasingly difficult for businesses to grow.
Decision-making is one of the most important activities that must be completed within a business. Odoo, a business management software, makes it easy for operations managers to make decisions.
Odoo is an internationally used business software with over 7 million users, making it a one-stop-shop for all your business requirements.
Due to the increasing acceptance of business management software, many entrepreneurs are looking forward to custom business management app development for their businesses.
If you’re an owner seeking to optimize your business operations, or an entrepreneur looking to disrupt the business management software market with a custom app, this is the time for custom app development like Odoo.
Don’t know how to develop an app like Odoo? Don’t worry; as the prominent app development company, we’ve curated this blog containing in-depth information about business management software development.
What is an Odoo app?
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Odoo is a full-featured business management app that addresses all of a company’s needs. Inventory, Sales, CRM, Accounting, Manufacturing, Human Resources, and a variety of other modules are all covered under one roof.
Customer relationship management, sales, enterprise resource planning (ERP), project planning, production, inventory management, point of sale (POS), accounting, and more are all covered by Odoo, an open-source business applications software. Odoo is the Topmost business management software that can be implemented on-premise or hosted in the cloud to fit the demands of every business, regardless of size or expense. With Odoo, you have the flexibility to add applications as your business expands and your clientele expands, adding one app at a time as your business changes and your client base expands.
Okay, but,
Why invest in business app development like Odoo?
The following are few of the advantages of developing an app like Odoo:
Provides holistic view
Departments exist in a business, such as production, sales, and marketing. Lacking software, it’s difficult to keep track of the department’s goals and whether they’ve been met. Business intelligence software, for example, aids in providing a holistic view of business data inside one spot.
Enhances profitability and revenues
From a holistic viewpoint, using business management software helps enhance productivity. All of the information needed to make choices is in one spot and accessed from anywhere. This allows all teams to have access to the data they need for better decision-making, which aids in better planning, process and cost optimization, and increased profitability.
Save time and resources
Business management apps like Odoo aids in the automation of a company’s processes. This is because the information entered may be utilized right away to evaluate patterns, create reports, and so on. Furthermore, automation saves valuable time for personnel in the business because they will spend less time analyzing and interpreting data.
Ensures easy progress tracking
Without software, a business must rely on manual reporting to track the company’s development in terms of business activities. Unfortunately, because the data is unavailable, determining whether business operations help the organization is challenging. Checking for signs of development within the enterprise is made easier with business management software. Business aims include things like increasing revenue and lowering costs. Day-to-day developments that lead the company up the ladder of success can be carefully managed with such business management software.
As you’ve seen the benefits of business management software development, now let’s check functionalities that make apps like Odoo a huge success!
Top must-have features for an app like Odoo!
Below are some of the features that make apps like Odoo a big hit! Have a look!
Sales and CRM
Through this feature, you can obtain leads, increase sales, automate routine processes, and interact with potential customers. A true customer-centric CRM to aid in the expansion of your company. Features for sales and email campaigns are included.
Accounting
This feature makes bookkeeping simple, from recording transactions to summarizing and analyzing financial reports. KPIs are visible at a glance for quick insights. To examine or track the element of your choice, create flexible accounting dimensions and customized dashboards. Manipulate books using Journal Entries to make minor alterations. This capability allows your program, such as Odoo, to handle multi-currency transactions and various currencies.
HR
Recruit, manage, and track personnel and attendance, as well as onboarding, training, and assessments. With a variety of options to log, alter, and automate duties, Human Resource Management is made simple.
Project management
Streamline collaborations across your workplace and enhance your business by structuring, scheduling, planning, and analyzing projects using a task-driven approach. Track time spent on tasks or at the site with timesheets and bill them accordingly. See how much a project will cost, how profitable it will be, and much more.
Reports
Reports are an important aspect of the project documentation since they allow you to track your key metrics and the overall wellbeing of the business. The reports quantify the progress, so instead of winging it and hoping for the best, you’ve a solid base to base your choices.
Employees library
Maintaining employee information is difficult and time-consuming since it necessitates the tracking of external papers. You can upload and share multimedia files with this feature (images, videos, documents). You have the option of either uploading the files or using a web link.
Expenditure management
With this feature, you can easily manage expenses, trip requests, and employee advances. Managers may use this feature to examine all of their employees’ expenses in one place. Simple approvals and out-of-the-box customizable workflows reduce the time spent manually processing expense claims.
Stock management
Easily keep track of your inventory and ensure that your orders are delivered on schedule. You won’t have to worry about replenishing because the app will alert you when stock levels drop. Oversee quality checks and manage various warehouses, item variations tagged and batched inventories.
Search
Regardless of how rudimentary the mobile app is, users prefer to search for specific things rather than reading through the complete listings. Users frequently have trouble navigating to components; thus, as a developer, it’s critical to have a search option so that users don’t lose interest in the app.
Track time
For successful management, the time tracking tool is very critical. Especially when the group is working on tasks with a tight timeline and a limited budget; as a result, the manager may ensure that the work done is of high quality in comparison to the volume of work produced.
These are the features you can add to your custom business management app like Odoo. Apart from these, there are many other features that you can consider. Contact us to know more functionalities to develop apps like Odoo.
Moving on, let’s talk about the real deal! Which is,
How to develop a business management app like Odoo? Key development steps to consider!
Follow the below-mentioned steps to build an efficient business management app like Odoo!
Set a goal
Create a measurable goal on board so that you and your team can see the broader picture. The majority of businesses skip this stage or don’t make it apparent. As a result, half of your staff will feel lost and burdened during the procedure. When this happens, you can’t earn any gains. So, before you start something, be sure you have clear and attainable goals. Then, make sure you explain them to everyone participating in your app development project.
You can now go to the web and see what your competitors offer now that you have your ideas in order. Keep in mind that 27% of small business owners intend to develop an app for their company. This implies you must ensure that yours is superior.
Ask yourself the following questions.
- What thoughts did other people have that you didn’t?
- What can you do to improve your ideas over what’s already out there?
- What are your competitors’ ratings?
- How do you intend to outperform your competitors using the performance of your app?
By looking into what’s available, you’re putting yourself in a position to outperform your competitors straight away.
Consider MVP
Well, if you don’t know, MVP stands for “Minimum Viable Product.”
Your MVP is a pulled version of your product. It’s made up of the bare minimum of features required to meet your product’s fundamental functionality. You might think of it as your app’s bread and butter: its sole purpose is to answer the one most important problem you want your product to solve. If a feature does not directly help fix that problem, it should not be included in your MVP. Creating an MVP will save your initial product from being crowded with features that aren’t essential. This implies that your new customers will receive a straightforward product that does exactly what it claims to do. They’ll be able to leverage the product for its intended function right away, and they won’t leave it because it’s too complicated or complicated. As a result of your MVP’s progressive expansion, your product can capitalize on newer technology as it becomes available. It’s easier to stay current in a competitive industry if you can update your product by incorporating new features and technologies while keeping the main functions in mind.
Build a prototype
Putting a prototype together is one of the most important aspects of designing an application. However, many businesses overlook this step. Creating a proof of concept for your application might be beneficial. This will undoubtedly aid you in determining whether your notion is technically feasible. Prototypes can help you express your technical and business concepts more clearly. You can put your proof of concept through a beta test to assess how it will perform in the market. If you’ve had a site, you can have the beta testers compare their experiences with the app and the website. This can assist you in improving the app by allowing you to access all of its features and functionalities. Additionally, you may exhibit your application to possible investors as soon as you see it in reality.
Build a right development team
Putting together a team with the same perspective, philosophy, and basic values will make this process much easier. We don’t recommend you develop an app on your own. It’s plausible, but it’s not a realistic scenario. There aren’t enough hours, and there are far too many responsibilities for one individual to fulfill on their own. We recommend that you get a technical professional immediately. It may be tough to identify the expertise of developers if you do not have a technical background. The right mobile app development company, on the other hand, can assist you in locating the appropriate expertise.
Cost to develop an app like Odoo!
It’s pretty hard to estimate the business management app development cost without knowing the requirements. The cost to develop an app like Odoo depends on factors like features and functionalities, your requirements, technologies you want to use, platform, among many others; if you want experts at Matellio are available to help you in estimating the development cost to build an app like Odoo.
Conclusion
App development is a rigorous and never-ending process that will continue beyond the initial rollout as you gather user feedback and add new features.
Always keep in mind that developing an app like Odoo is not an easy undertaking, so don’t be afraid to seek assistance. Having somebody to help you is preferable to falling on your own. We at Matellio assist startups in starting their operations from the ground up, guiding them through consultations, and, most significantly, assisting them in achieving financial independence by turning their idea into a business plan. Do you want to discover how improved app development will work for you now that you have an idea for developing an app like Odoo! Don’t hesitate to get in touch with us right away.
