erpsoftware Archives

5 Reasons Why Real Estate ERP System Can Prevent Failure

Posted on December 27, 2022February 1, 2023 by admina

Real estate business is booming in the UAE. The high housing demand has attracted investors worldwide. New and old real estate companies are already competing to meet the increasing demand. Real estate market is fierce and brutal. Over 3000 are competing to control. It is usual to see fresh and even known real estate companies fall down. Real estate failure is an old problem; to avoid it today, you need novel solutions like a real estate ERP system.

What are the significant reasons for real estate failure? How can Real Estate ERP systems help fix the problem? Let us find out together.

Lack of funds

Real estate business can generate significant revenue. However, they also have enormous expenses. Real estate companies have to pay for property maintenance, employees’ wages, advertisement, administrative costs, etc.

For new companies, the issue can be not having enough capital. For existing ones, funds issues can appear when the expenses are higher. High expenses can result from a variety of factors, like a decrease in closing rates and inefficiency at work.

Implementing an ERP Software for Real Estate Company provides a solution for financial problems. ERP software increases efficiency, allowing better utilization of your resources. A study of the effect of ERP implementation on the system showed a reduction of 22% in administrative costs and 23% in operational costs.

Few leads are generated

Real estate companies’ work involves selling, buying, and renting properties; sometimes, you can add property management. The company’s job is to find a house for clients interested in purchasing and buyers for property owners. They get paid for every purchase or sale they close. Therefore, they need to have more leads coming.

The old-fashioned mouth-to-mouth advertisement is still used, but it is less reliable than before. People have changed their ways of looking for properties. Thus, real estate companies must follow. Investing in marketing is a must for any real estate company. Marketing expands the market for the company and finds better leads constantly.

The next-level challenge is to have a better marketing strategy than the competitors’. Real Estate ERP systems provide real estate companies with vital information and reports to analyze sales, identify trends, and hence create well-planned strategies. Furthermore, ERP accelerates the decision-making process. Hence, the marketing plan can be applied faster to harvest more leads first.

Poor customer relationship management

In the real estate industry, the business relies mainly on relationships with clients. Client satisfaction and trust are the elements they need to stay loyal to the company. Agents know they should follow up with customers constantly, yet, many reasons can prevent them from doing so, like not being able to find the phone number or forgetting about the client’s requests. Ignoring the client has an imperative result; they leave for other companies with better customer service.

Odoo ERP software for real estate involves a good CRM system. CRM allows you to have all customer information gathered in a single platform. This involves contact information, deals and transaction details, and their requests. You can have access to all this information and respond faster while you talk to them, giving them a sense of being valued.

Best Real Estate ERP Software tools allow sleek follow-up with clients even after the deal is closed. They provide new methods that save time, such as email campaigns or sending WhatsApp messages. CRM also provides straightforward means for the client to request services from the company.

Hiring the wrong people

Odooerp.ae ERP system for real estate helps avoid hiring wrong people

Businesses such as real estate are built on trust and connection. Agents must work like a charm to give clients what they want and keep them happy. The secret here lies within the agents themselves; they have to know how to deal with clients in a way that they remain comfortable.

High salaries and good benefits of real estate jobs attract many people who know nothing about the ABCs of the real estate industry. HR departments usually have specific requirements for choosing employees, but when they choose the wrong people, the whole business feels the hit.

It is hard to find suitable candidates among tens or even hundreds. The process involves many stages and steps. ERP systems have the tools to organize and simplify them. You can be confident that you have the right team with you on your way.

Poor employee management

Passion is the fire that lights the way to success. Happy employees often perform better and score more. On the contrary, employees’ performance drops when they feel uncomfortable in their work environment.

Working on providing a pleasant work environment is an essential task for the HR department. Enhancing the workplace can be made easier with the right tools. HR ERP Systems have different tools to evaluate performance, track and reward good results, and more. The environment will reflect itself on the results and increase the sense of loyalty to the company.

For more information about real estate ERP system and CRM software, or if you have any questions. You can contact the Odoo team. We are always happy to help!

Procurement is easier with Odoo

Posted on December 13, 2022February 1, 2023 by admina

Keeping a certain amount of goods in your warehouse is essential, whether running a store or managing a factory. Your businesses need certain raw materials or merchandise to keep the work flowing. When your warehouses are empty or near empty, you have a problem.

To a store, not having enough items in the warehouse could mean missing the opportunity for sales. It is impossible to predict when the demand is going up. When you think about it, procurement takes time. Thus, it would be best if you were always ready. For a manufacturer, it can be even worse sometimes. A missing material could delay production. The delay can lead to paying fines or, even worse, losing a client.

Why do businesses run out of inventory?

Multiple causes can lead to an empty or near-empty warehouse. one primary cause is incorrect demand prediction. When customers try to follow a trend, the need for certain items may rise significantly.

Another one is ordering products late. This can happen when you do not track your sales well. Sales consume the inventory, and when not met with a supply, you will end up with empty storage.

Empty inventory is unpleasant but avoidable with the Odoo purchase app’s help. Instead of implementing solutions that consume more time and effort, go with the efficient one.

How can Odoo Purchase help your business

Odoo purchase is an app in the famous Odoo ERP software UAE. It is specifically designed to organize the purchasing operations for your business. Just like that, you will be able to manage the purchases and ensure you have what you need exactly when you need it. Odoo purchase automates the purchase, and you only need to supervise.

Monitors the quantities of your inventory

Having hundreds of different items in the inventory makes it harder to monitor every one of them. But not when you have elegant ERP software UAE. Then you only have to define the maximum and the minimum quantity for each. All the numbers are in the system, and it will notify you when there is a shortage of an item.

On the other hand, as you select the maximum quantity, Odoo will just order the amount to need to have that amount. This way, Odoo will know exactly how many items you need to order.

Sends requests for quotes to suppliers.

After Odoo purchase defines the items you need to buy, requests for quotes will be automatically sent to the proper suppliers. The request can be sent via email, but when needed, there is an option to send a printed copy of the RFQs.

The difference between normal ERP system and Odoo ERP software UAE lays in the details. With Odoo purchase your request for quotes does not have to seem rigid just because they are automated. You are not limited to specific forms; you can send custom RFQs if you want.

Compare prices and spend wisely

Odoo purchase provides you with the information obtained from the suppliers’ responses. You will have all the data you need ready and organized in front of you. Compare prices, and see the promotions you were offered. Lowering your costs and finding the best offers and prices in the market cannot get any easier than that.

Manage different business with one app

Having a group of companies with different facilities and warehouses does not mean you need a standalone app for each. Save time, and have peace of mind. Use the same Odoo Purchase to manage all of them.

It is easy to reconcile between different branches. The system can automatically synchronize the data. It will make it easier to manage the invoices and monitor the costs and revenue for each with ease.

Grow faster and bigger with Odoo reports

Knowledge is power, so more data translates into more power. Reviewing your history says a lot about the business’s performance. Odoo can provide accurate purchase reports in real-time. Get different statistics and charts and focus on the details. Identify your most valuable source, check if you need to provide alternative sources for a particular material or if there is a chance to negotiate the prices of a supplier or even change the dates of the orders.

Use this information to re-evaluate your workflow and make better decisions. with better decision, you can grow faster and bigger. You may even have better understanding of the market, thus seizing better opportunities before others realize they are even there.

Odoo purchase is a great choice for any business owner or entrepreneur who needs to manage purchases in their businesses. But you can even get the best of it with the use of OdooERP the best erp software UAE businessmen recommend.

Odoo apps benefits of HRMS

Posted on December 10, 2022March 5, 2023 by admina

The term “Human Resource Management” refers to a collection of application programs that together facilitate the efficient management of an organization’s processes, as well as its human resources and information. Human Resources Software is utilized to combine numerous HR functions and employee relations, such as storing employee information, recruitment processes, Recordkeeping, payrolls and benefits, and compensation management.

In light of the fact that each organization’s HR necessities and difficulties are exceptional, it is essential to implement HRMS software that can be customized, such as Odoo HRMS, relying on your organization’s problems.

Let’s take a look at how Odoo can expand the scope of Human Resource Management and what its advantages are.

All your personnel data is compiled

With Odoo, you can quickly compile all of your HR data and monitor information for each department. It allows you to set permissions for the publication of information among the general public and HR professionals. Through the use of this system, you will be capable of getting notifications regarding any vacation applications, assignment requests, job applications, new audits, and even more. Clear and environmentally friendly internal communication is made possible by the software’s notification pop-up feature.

Recruitment management

Odoo HRMS simplifies the automation and management of a company’s recruiting and staffing procedures. It includes the generation of job descriptions, rapid resume parsing, sorting of candidates, automated interactions with candidates, and multichannel job marketing.

Online posting of job vacancies
Facilitation of the Recruitment Method
Aid in tracking job applicants
Appropriate recruitment of new employees.

Manage your employees easily

With Odoo ERP, it is simple to scan and compile the key information across a number of organizational departments. It allows you to set permissions for the distribution of knowledge among HR professionals and the general public.

Odoo’s Human Resource Management System (HRMS) takes care of every aspect of human relations. The pop-up notification for new leave proposals requirement for allocation and evaluation software makes internal communication clear and effective.

Evaluate attendance and time

The software for the Odoo Human Resource Management System offers weekly or monthly timesheets with optional attendance tracking. You can make a note of your employees’ working hours and organize them by project, customer, or job.

This system serves as a gateway to statistics for recording and analyzing timesheets as well as checking employee attendance. In addition, the Odoo Human Resource Management System will automatically publish time-use reports for the project.

Maintain Leaves

Odoo simplifies the process of removing software. Managers have the option of viewing days without work requests, allowing them to determine whether or not to approve them. If the supervisor approves the request, timely notification is sent to the employee, and their calendar is automatically updated.

Learning management

The Odoo learning management system efficiently collects, organizes, shares, and analyses an organization’s resource, document, and people-skills-based knowledge.

Monitoring employees’ performance
Access to instructional modules
Guaranteeing the loss of data
Efficiency of resource allocation.

Payroll

The salary of the worker is accurately calculated by the Odoo Human Resource Management System. HR managers used to struggle with keeping track of each employee’s wages, but that is no longer the case, thanks to Odoo. It facilitates the generation of payslips in an effortless manner.

Final Thoughts

Using the Odoo Human Resource Management System would simplify all of your human resource operations. This system is deserving of the title of best human resource management system for all types of businesses.

We are providing Odoo services to various industries across the globe. If you are looking for an Odoo ERP implementation service or a single module to meet a specific need, we can assist you.

Capturing and updating financial data with Odoo.

Posted on November 23, 2022February 1, 2023 by admina

Odoo 16 Accounting Software

Odoo is a remarkable enterprise resource planning (ERP) system that manages many business functions. With Odoo, your business may be handled in the following areas: Automated sales, billing, accounting, manufacturing, inventory, marketing Purchase, Subscription, Human Resources, Maintenance, Repair, Rental, PLM, Field Services, Social Marketing, Point of Sale, E-commerce, CRM, Helpdesk, and Project.

Essential Features of Odoo Accounting

Accounting is one of Odoo’s current modules. It is quite potent to be among best accounting software in UAE. You can effortlessly handle the bookkeeping for your entire business. It will be integrated with all other Odoo features and automatically create a substantial portion of the accounting.

Reconciliation

Additionally, Odoo Accounting makes it simple for end users to settle their bills with banks. Odoo automates the process of reconciliation. When uncertain, it will write ideas, accelerating the reconciliation process.

Billings and Payments

Using Odoo16, one may generate and send receipts manually with ease. This may be initiated immediately through the Sales process or by installing the billing application. Odoo incorporates the ability to split a single invoice into numerous payments or payments to different invoices.

The system makes it simple to record and settle bills from vendors and staff costs. In addition, Odoo transactions may be made using a variety of channels, including payment gateways, credit cards, and wire transfers, greatly enhancing the user experience.

Elegant Interface Design

Users will be impressed with Odoo’s speed and the sleek design of its interface that is created with the latest Google’s Material Design.

Reports

The best accounting software should handle reports real good. Odoo accounting app can stand independently when producing reports crucial to your company. Accurate financial statements, such as those for taxes, profits, and cash flow, are generated.

QR Codes

Customers may use their mobile payment system to scan a QR code and pay their bills using odoo accounting. The QR code is included on PDF statements and the payment page of receipts and quotes.

Timely Updates

Profit, cash flow statements, dated payables and receivables, tax reports, and executive summaries are just a few of the regular reports provided. In a matter of seconds, you may get up-to-the-minute reports that offer precise information.

Automatization of Workflow

It streamlines the processes involved in accounting records and cash management, eliminates problems with cash flow, and makes cash management more effective.

Instantaneous Payments

Allowing customers to pay with their credit cards online and supporting popular gateways like Ingenico, Authorize.net, PayPal, Adyen, and others enable instantaneous deposits.

Error-free Billing

Batch printing of checks, deposit slips, and payment orders is just a click away.

Flexible Key Performance Indicators

Create your formula-based key performance indicators, such as gross margin, client acquisition cost, and product-level growth rate.

Consolidation

Combine financial data from various firms to create a combined set of statements. Use today’s rate, a moving average, or a historical rate, and incorporate several correction variables (no GL impact). Incorporate information from several financial systems and consider that you may indirectly control specific organizations.

As data is automatically fetched from module to module, Odoo Accounting can reduce your accountants’ workload. This frees up your accountants’ time.

When it comes to the finance department, Odoo stands out in a world of complicated and frustrating apps. Accounting systems are complicated, making accountants’ jobs redundant.

Get in touch with ODOOERP and ask for the best accounting software in the UAE. SAVE TIME, SAVE MONEY, and REDUCE REDUNDANCY

Ecommerce benefits of Odoo16

Posted on October 29, 2022November 2, 2022 by admina

Majority of the business owners are switching their business and they are rapidly moving towards the eCommerce world. The eCommerce gives the opportunity to the new business owners to establish their business in the local as well as global market as well.

Odoo eCommerce: Why is it necessary?

Today in this digital world when everything is moving to the online world then why the eCommerce platform should stay behind. Odoo software is ready with the eCommerce platform so as to boost the online sales and it automatically generates the profits to the business.

In order to boost the sales and to generate the new streams of revenue it becomes necessary to select the right eCommerce platform. Odoo Erp has the only ability to reach the large number of clients as it makes your products and services visible on the internet.

The market is full of vendor-based eCommerce solutions, and it becomes difficult to select the best eCommerce platform for your business. ERP Software Dubai has made a great invention and with its intelligence and cleverness it has prepared a comprehensive Odoo eCommerce that is packed with an endless number of solutions.

Odoo ERP software takes the responsibility of boosting sales and extending the reach of the products and services to each and every customer on its own shoulders. You will be amazed to read that it has fulfilled its promise and with its hard work and dedication today it is giving its complete support to small and big business owners.

What are the reasons for the popularity of Odoo 16?

If you want that your business should be visible on the internet and at the same time you want to attract profit, then you through the Odoo apps you can install Odoo eCommerce and can take the command of your business in your hands.

The Benefits of Odoo eCommerce are as follows: –

The Odoo eCommerce platform lets you to display and manage the products in a determined order. It also takes care of your inventory as it will help you to update the product catalog on time.
With the help of odoo software you can reach to your target customer easily and with this you will be able to drag the profits to your pocket.
The odoo 16 enables you to manage the details of your customers with their purchase history. It will help the business owner to take them purchasing decision effectively.
The Odoo 16 eCommerce platform gives the opportunity to its customers to select the payment method. Through this a customer can make the payment through any mode or whichever mode of payment is beneficial to the users.
Odoo apps enable the integrations of PayPal, Wallets, Crypto currencies and credit and debit cards with websites.

A secured eCommerce platform is essential for an eCommerce business. In short, we can say that the success of the online business depends on the eCommerce platform. Odoo apps have created its reputed name in offering the great benefits to its customers which enables the businesses to streamline and automate the process of the business.

Closing Lines

Odoo deals in providing end-to-end and secured solution to its customers. It has built a custom-tailored eCommerce platform with the aim of providing the accurate eCommerce solution to its users. OdooErp will take your business to the next level and with its secured solutions the transactions of your business will stay safe and secured always. So, don’t delay your decision and take the advantage of our Odoo erp software today.