Tag: odoo 17

How to Run a Property Rental Business in Odoo

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Running a property rental business in Odoo involves several steps to effectively manage properties, tenants, leases, payments, and maintenance. Odoo is a comprehensive business management software that offers various modules and apps to streamline different aspects of a business, including rental property management. Here’s a general guide on how to run a property rental business in Odoo:

Tenant Management

Meduim and big real estate companies can have hundreds of tenants. as you may imagine, it is quite difficult to manage them all manually.  Odoo can significantly enhance the effectiveness of tenant management and help them provide a seamless service.  

Starting a Property Rental Business in Odoo ERP Enables You to: 

Create Tenant Profiles

Create a profile for each tenant, and store all tenant information in one place, including personal details, contact information, and rental history, improving data accessibility and management. Whenever you need any information about any tenant, a quick search is all you need to obtain all the information. 

Updating their info will change the values for any user who has access to the software, ensuring all users will have up-to-date data at any moment. 

Customizable Fields

Adapt the tenant profile to include specific information relevant to your business, such as tenant preferences or background checks. Whatever information you think that is needed for your company, can be customized. 

Lease Management

Employees sometimes spend hours creating leases; it is a simple task yet a time-consuming one. But worry not, Odoo has the best solution for you. Not only will it help you create new leases faster, but it will also help with lease management.

Automate Lease Creation

It is possible to automate the process and create a lease when the lead in the CRM is marked. Odoo has a smart and easy drag-and-drop template creation, helping you create a lease in seconds. It is also possible to save the lease as a template to use for future leads and save more time. 

Document Management

Instead of storing files locally in different offices, just keep them in the server of the software, where anyone can access them. Odoo Document Management offers an amazing document management allowing you to use tags to classify the documents, set access, and even edit tools to split and merge the PDF files. 

Financial Management

Every month, you have rents to collect, salaries and maintenance costs to pay, and between them you have the profit or loss. Instead of keeping it manual, and spend weeks on the process, why not just keep everything automated and let the system handle everything for you? 

Invoicing Automation

You can streamline the billing process by automatically generating rental invoices on a set schedule, reducing manual work and the potential for errors.

Customizable Invoice Templates

Tailor the appearance and content of invoices to meet the specific needs of your business and to comply with local regulations.

Payment Tracking

Odoo can be set up to automatically track rent payments as they come in. We can integrate it with online payment gateways, bank accounts, and other payment methods. Each payment can be automatically matched with the corresponding tenant and lease agreement.

The same thing applies as well for other payments, which means you will have tracking for every incoming and outgoing payment, with the ability to calculate profits and costs accurately. 

Financial Reporting

Generate detailed financial reports to gain insights into income, pending dues, and overall financial health of the property rental business.

Maintenance and Service Requests

Maintenance and service requests are the lifeblood of property management companies. They represent the needs and concerns of tenants. The main challenges are to be on time, and to remain under the budget. Odoo ERP systems can simplify the process for you, allowing you to: 

Schedule Maintenance

Use the calendar feature to schedule regular maintenance and inspections, this way you will not forget about routine maintenance. 

Manage Service Requests:

You can allow tenants to submit service requests via a special portal. and use the system to classify them into categories, marking them as urgent repairs, improvements and renovations, or amenity issues. 

Reporting and Analytics

Reporting and analytics are crucial for understanding and optimizing the performance of a property rental business. When you have access to quick reporting tools, you can identify the sources of extra costs, know where you can earn more money, and more. 

One of the power points of Odoo is its advanced reporting tools. 

Generate Reports

Financial Reports: Create detailed financial reports including income statements, balance sheets, and cash flow statements. These reports can help you track revenue, expenses, and profitability of each property.

Occupancy Reports: Generate reports to track the occupancy rates of your properties. This includes information on which properties are rented out, which are vacant, and the duration of each tenancy.

Maintenance Reports: Keep tabs on the maintenance expenses and schedules for each property. This helps in planning budgets and understanding the cost implications of property upkeep.

Integrations

Did you know that Odoo can save you time and effort by allowing you to integrate the ERP system with other services and apps you need? Odoo has hundreds of integrations to help improve your business such as: 

WhatsApp Integration 

So, you can send instant message to your tenants from within the system including invoices, reminders, contracts, and more. It will save the time of the employees saving their time for more important tasks. 

Email Integration 

Odoo can be integrated with any email service which can help communicate with tenants or for email marketing as well. 

Payment Gateways (PayPal, Stripe, etc.)

Link your favorite payment gateway to facilitate online rent payments. Integrating with payment gateways is essential, and Odoo ensures a secure connection with seamless experience. 

Using Odoo for rental management and integrating Odoo with various third-party applications offer a comprehensive solution to enhance the efficiency and effectiveness of your property management company.

From streamlined accounting and finance management to advanced CRM capabilities and efficient document handling to sophisticated maintenance and analytics tools, these integrations cover all facets of property management.

To fully capitalize on the benefits of Odoo and its integrations, it’s essential to identify the specific needs of your business and choose the right tools that align with your objectives. At Oakland OdooERP.ae, we have the experience and knowledge to identify your needs and build the best Odoo ERP system for your Property Rental business with best quality of service you have been searching for. You can contact for a free consultation and Book for a Demo.

A Comprehensive Guide to Odoo 17 Key Features

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As a business owner who is using the Odoo system, you may feel like it is time to upgrade to the brand new Odoo 17. Should you do it now? Let us find out and explore the new features you gain with Odoo’s latest version. 

New User Interface

Odoo’s latest release, version 17, introduces a redesigned user interface (UI) that aims to improve the overall user experience and efficiency. The updated UI features a modern and streamlined design, along with improved usability and design elements, all aimed at maximizing productivity.

Milky Theme and Improved Dark Mode

Odoo 17 introduces the Milky theme, a modern and visually appealing design that enhances the overall look and feel of the software. The Milky theme provides a clean and minimalistic interface, making it easier to navigate and interact with different modules.

Furthermore, Odoo 17 improves its dark mode, which is favored by many Odoo users who prefer a darker color scheme. The new version of odoo refines the dark mode, ensuring better readability and contrast for optimal viewing comfort. Whether you prefer a light or dark theme, Odoo 17 offers a visually pleasing experience that enhances your overall productivity.

Draggable Popups

One of the standout features of Odoo 17 is the introduction of draggable popups. This feature allows users to easily move and rearrange popups on their screens, enhancing visibility and productivity. 

Draggable popups can save you time and prevent errors, as you will be able to see every part of the screen behind the wizard. All you have to do is long-click on the title and drag it to where ever you want. it is that easy.  

Inventory Management Enhancements

Significant enhancements have been made to the Inventory Management module in Odoo 17 with the intention of improving the overall efficacy of inventory handling and management. 

  1. Operational Menu Revamped: In an effort to improve usability and accessibility, the Inventory Management module has undergone an extensive reorganization of the operational menu. The redesign enables an increased degree of ease in navigating, granting users the ability to effectively recognize and supervise various inventory-related tasks, such as shipments, receipts, and manufacturing orders. By streamlining the process of monitoring and regulating inventory transfers, this revision ultimately improves the efficiency of the operational workflow.
  2. Reservation and Un reservation of Advanced Product Quantities: The ability to directly reserve or unreserve product quantities is a crucial component of the revised module. This functionality confers enhanced control to users regarding the allocation of inventory and enhances the accuracy of stock management. Organizations can improve their inventory management capabilities by allowing direct reservation and unreservation based on forecasted reports. This approach reduces the likelihood of stockouts and overstocking, while simultaneously maximizing stock availability.
  3. Drop shipping incorporation into inventory configuration: Previously restricted to the purchase configuration, drop shipping has been added to the inventory module. By incorporating it directly into the inventory module, this integration improves the effectiveness of drop shipment administration. This feature offers significant benefits for businesses that rely on the direct delivery of products from suppliers to customers, as it optimizes supply chain processes and reduces the requirement for inventory control.
  4. Improvements to Inventory Forecasting Reports: The functionality of inventory forecasting has been enhanced to provide more thorough and useful insights into inventory levels and demands. At this time, individuals possess the ability to predict future inventory needs, coordinate replenishing endeavors, and arrive at informed decisions regarding inventory control. This enhancement enables the management of inventory shortages or surpluses more effectively, resulting in increased efficacy in inventory planning and financial savings.

Point of Sale (POS) Updates

The Point of Sale module was significantly upgraded with a variety of new features and improvements, designed to enhance user experience and operational efficiency in retail and service businesses.

  1. Self-Order Functionality (Kiosk Mode): Customers can place orders through an intuitive self-service interface, referred to as ‘Kiosk Mode’.
  2. Preparation Display Screen: The system now includes a preparation display screen, which is ideal for food service or retail businesses where items must be prepared before delivery.
  3. Combo Product Functionality: Businesses can now configure and sell combo products in the POS.
  4. Enhanced Point of Sale Configuration: The POS configuration settings have been expanded, including the option for automatic order validation when payment is completed via a payment terminal. Additionally, credit limit warnings for customers are integrated, alerting staff when a customer’s purchase exceeds their credit limit.
  5. Payment Integration and Management: Payment Terminal Machine (PTM) is now integrated for payment processing, providing customers with a broader range of payment methods.
  6. Improved Customer Management in POS: The customer master in the POS system has been updated with further details and functionalities, allowing staff to access complete customer information and providing better customer service.
  7. Receipt Management Enhancements: Customers can now request invoices directly from the customer portal, using a unique code generated on receipts.

Keyboard Shortcuts for Record Selection

Instead of relying solely on your mouse, you can now use keyboard to speed up the process, all you have to do is to click “Shift” button with the “Down Arrow” key to select records faster and more. To deselect the records you can use the “Up Arrow” while also holding the “Shift” key. 

CRM Enhancements

Odoo CRM module now enables users to monitor the duration for which individual records, including customer interactions and leads, remain in various phases.

This functional attribute assists enterprises in comprehending the duration attributed to every stage of their sales procedure. The determination of the duration that a lead spends in each stage enables users to identify the specific areas that cause delays and devise strategies to rectify them.

Freeze Headers

Handling large sheets is now simpler due to this new features of Odoo 17. The new Odoo ERP platform has incorporated a ‘Freeze Headers’ function to make it easier to navigate and read data in its various modules.

This feature keeps the headers visible at the top of the page while scroling through long lists or tables. This way, users can easily keep track of their columns and rows to prevent confusion and boost efficiency in interpreting information. 

Improved Search View

This new search option offers a variety of filters that make it easier for users to pinpoint the data they are looking for. The ‘Group by’ feature can organize the data into a more readable structure that allows for easier analysis.

The inclusion of ‘favorites’ allows users to save and quickly access their most commonly used search parameters, simplifying the search process overall.

Add a product from the catalog (Kanban view)

Now, users can reduce the amount of time and complexity spent on sales orders by adding products straight from the catalog (Kanban)! These items will be added to the order form as draft lines, which can then be edited in regards to quantity, cost, and other details.

New To-do Module

Odoo 17’s new To-do module is a strong tool that may assist you in managing your chores and maintaining organization. It completely replaces the previous Notes application. You may create, organize, and keep track of tasks with the help of the to-do module.

Conclusion: Is upgrading to Odoo 17 worth it?

While odoo 16 was loaded with features, odoo 17 brings new upgrades to them and enriches them. but the question now, should you upgrade? 

Whether you should upgrade or not depends on several factors like how much do you need the new features. if you find any of them urgently necessary to your business, then it is time to call your favorite odoo partner and plan to upgrade. otherwise, you can wait till the new update is rolled out.  

Users who are using odoo 16 can wait, but those who are using older versions of the odoo ERP should consider upgrading, as they are going to experience a more user-friendly and responsive version of their odoo.

Need help upgrading to Odoo 17? Contact us now and let us help you.

Reasons to Invest in HR Cloud Solutions for Human Resource Management

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Imagine how successful your business will be with a competent staff working in a good environment, and think of the extra opportunities you will get, and the additional revenue generated. Do you want to turn this wish into reality? we can make it happen with an HR Cloud Solutions.

Having a productive and dynamic HR department is key to attract and retain top talent and then provide the perfect environment to let help make every effort to accomplish tasks. Take a step towards improving your staff and equip your HR department with the all the tools they need in one software, the amazing Odoo HR Software.

We design and create Odoo Cloud Solutions for HR Management to help each company boost performance and productivity. Here are some of what it can do to your company.

Frees up your HR management to focus on boosting productivity

Recruitment and onboarding can also be time-consuming and take up valuable time that could be spent on other tasks like improving staff performance and solve problems that slows down your business.

Since they are essential to the company, Cloud based HR Solutions presented an answer called automation. Most of the tasks related to recruitment is recurrent yet takes a lot of time to be done with, but when you automate the process, you will only have to do the basics, and leave the repetitive part to the software.

Link Odoo to your website or recruitment websites (such as linked in and indeed), and let it organize the CVs for you and automatically screen resumes and schedule interviews for candidates based on predefined criteria reducing the time needed to find a talented team.

It can also provide a self-service portal for employees to manage their own information:

  • Personal details
  • Benefits
  • Leave requests
  • Performance reviews

Improves Performance Management with Cloud Based HR Solutions

Increase your revenues and profits or even double them solely by using the best HR Cloud Solutions to boost your teams’ performance. Our HRMS or HR Management System Software is loaded with features to assess performance and identify weaknesses which are vital to let you come up with solutions.

Our cutting-edge HR Software, designed to streamline performance management more effectively.

Odoo loaded the HR Software Systems with advanced analytics and customizable metrics to help you reach goals faster. Just set your goals, and monitor the progress with each task in real time as you also have access to valuable information such as:

  • Who is responsible for each task
  • How fast they are working
  • Did they achieve their target

Monitoring is not all what HR Software can do, you can also contact your team and add notes that you think can help them work smarter.

Enhances Attendance Monitoring

You do not need us to tell you how difficult it is to track and monitor your employee’s attendance, and how important it is to monitor when each employee comes and leaves. Even when you have devices to record time and date, you still have to manually create reports and calculate the effect of each event.

Work smarter and integrate odoo into your system to help you manage the attendance.

Set your own rules for attendance and overtime and let the system calculate overtime payments and late arrival deductions. You can also get daily, weekly, or monthly attendance sheets generated automatically. Choose to have it for all employees, or a specific one.

Calculates salaries fast

Let’s face it, the main reason people work is the money. Your employees appreciate having their salaries on time every month, but for the company this can be quite complex especially if they have a commission on sales or are paid per time.

Do not worry and put the problem behind your back with our Odoo ERP Software, because it can make salary calculation like a breeze. Odoo HRMS can be linked to your attendance tables to add any overtime automatically, and to sales data to add the commission for completed transactions.

Our HR System does not only determine employees’ benefits, but also deductions and taxes. it is a good tool to track your finance services and ensure your business compliance with laws and regulation.

Improve Employee Self-service

Let me ask a question, why would you waste time and resources on doing something you can have the machines do for you? is not that the direct opposite of productivity? Since Odoo HR Management System Software is all about productivity, we ensured it can facilitate employee’s self-service.

Do not waste your resources on tasks like issuing routine documents, just leave it to the software and let your employees have faster access to information like:

  • Contact details
  • Emergency contacts
  • Bank account information
  • Tax forms
  • Benefits enrolment

All you need to do that is to provide your employees with a self-service portals and let them request documents as they need them. Self-service portals can also allow employees to request time off, view their current vacation and sick leave balances, and track the status of their requests.

With the system all your HR managers need to do is to approve the request and leave the rest to the HRMS Systems. Plus, they can have insights and fast access to vital information to ensure approving the document does not affect the flow of the business.

If you’re managing large employee teams and seeking HRMS Cloud Solutions to streamline operations, boost efficiency, and employees’ well-being, we’ve got you covered! Schedule a Free Consultation to discuss your unique business needs and see how we can help you achieve efficiency and growth.