Odoo ERP for the Real Estate Industry – A Comprehensive Guide

The real estate industry in the UAE has been on a significant rise for the past few years. According to a recent report, the real estate sector’s contribution to the UAE’s gross domestic product (GDP) was approximately 7.2%. However, this success comes with many challenges that slow down the growth of most real estate companies.

Functions of the Real Estate Industry

Real estate is a broad industry with several functions. Real estate companies could choose to work in a single field or more.

Real Estate Development

The core of real estate development is the construction of new buildings and the renovation of existing properties. Developers are responsible for acquiring land, obtaining permits, and overseeing construction.

Sales and Marketing

Building properties or renovating them are ways to add value and create products. The next goal is to find potential buyers and convince them to make a purchase. There are different ways and possible tactics to find people interested in real estate and persuade them to buy.

Brokerage

Brokers act as mediators between buyers and sellers. Their job is to help them negotiate terms and conditions for the property’s sale. They also manage paperwork and other legal requirements.

Property Management

Another function of real estate companies is property management. Managing and maintaining properties for owners include taking responsibility for tasks such as collecting rent, maintaining the property, and handling tenant complaints.

Challenges in the Real Estate Industry

Like any other industry, real estate companies are prone to many challenges and barriers. Here are some of the common challenges in the industry:

Poor Sales Process

Inefficient sales processes mean loss of revenues to the business. Successful sale processes should be organized and well-planned. Companies could fail to close deals for various reasons, such as the lack of standard processes, untrained sales staff, and poor lead management.

Untraceable Sales

Closing a real estate deal is usually a long process that could take weeks or months. Making a successful sale requires the ability to track the status of the sale fast to act accordingly. On the other hand, missing some information on the client or the deal could lead to making the wrong move and losing the deal.

Lack of Technology

Using outdated technology tools is barely different from using pen and paper. It can only cost more time and effort to complete less work. As a result, the company loses potential revenues and risk failure on the long term.

Failing to Leverage Referrals

Referrals are essential to the real estate industry, but some businesses fail to capitalize on this. One of the best ways to benefit from referrals is to make more customers happy with the service.

Confusing Real Estate Laws

Working in various fields like construction, rental, sales, property management, maintenance, etc needs compliance with many different government rules and regulations. Real estate firms must comply with all laws, but it is easy to make mistakes, especially when there is a lot of work to finish.

Complicated Manual Tasks

Many real estate businesses still rely on manual processes, wasting time and resources. The possible reasons for this include a lack of technology, a lack of standard techniques, and a lack of automation.

Lack of Online Presence

Online presence is essential for real estate businesses in today’s digital age. Finding leads and buyers online is more efficient, effective, and time-saving.

Paperwork Management

Real estate businesses deal with a significant amount of paperwork. There are always new contracts to sign, forms to handle, and invoices. Managing them the old-fashioned way means wasting time and even increasing human error risks.

What is Real Estate ERP?

Real estate ERP is a software solution that is designed to cater to the specific needs of the real estate industry. It is a comprehensive software solution that enables real estate businesses to digitalize their businesses, boosting their performance and speeding up their workflow.

ERP systems provide different options and tools for real estate companies depending on the type of software and the experience of the developer. In general, well-structured and built ERP software for real estate companies increase efficiency and opens the door for more achievement.

Benefits of ERP in the Real Estate Industry

Implementing an ERP system in the real estate industry has many benefits. Here are some of the most significant advantages of using ERP in the real estate industry:

Automation of Tasks:

There is always a process requiring employees to perform repeated tasks like robots. So why not assign that process to a real robot via automation?

Automation is one of the most significant advantages of using ERP in the real estate industry. Thanks to automation, companies could save their employees time for more critical tasks allowing more efforts to be directed towards growth and development. By saving time and effort, automation saves a lot of money for the company.

Centralized Data Storage and Management

ERP systems offer centralized data storage and management, which makes it easier for real estate businesses to access and manage their data. Real estate businesses can make more informed decisions and improve their overall performance by having all their data in one place. They can also enhance collaboration between different teams and divisions of the company, thus speeding up their workflow.

Customer Relationship Management (CRM)

Building a solid relationship with customers and clients is essential in the real estate industry. Clients who trust the company and feel comfortable dealing with it come back again for other deals and may recommend the company to others.

ERP systems offer a range of customer relationship management (CRM) tools that enable real estate businesses to manage their customer relationships better. These tools help businesses track leads, manage customer interactions, and improve customer service.

Cost-Effectiveness

ERP systems can reduce costs by increasing efficiency and boosting collaboration, but that is not everything. ERP systems provide many tools to stay on budget, monitor expenses and avoid unnecessary costs.

Saving money gives businesses an advantage as they can use the extra cash to expand or even provide better deals to their customers and still enjoy a reasonable margin of profitability.

Smooth Decision-Making Process

Companies that invest in various markets and fields must regularly review their performance. Making new decisions is essential to keep the business on track and prevent losses. ERP systems provide real-time data, analytics, and insights to enhance decision-making. Decisions and verdicts made based on statistics and reports pay off more.

Optimized Project Management

ERP systems offer tools that enable real estate businesses to optimize their project management processes. With these tools, businesses can manage projects more efficiently, reduce delays, and ensure that projects are completed on time and within budget.

Easy Communication and Collaboration:

Real estate companies require constant and effective communication between team members, different teams, their teams and contractors, their teams and property owners etc. Having the proper tools offered by ERP systems enables real estate businesses to stay connected and keep their data stored and managed correctly.

Customer Portal

Customer portals are innovative tools to let customers access the ERP system and communicate with the company. On the other hand, it can provide the company with vital information that allows them to understand their customers and help them better.

Financial System

ERP systems are equipped with different tools to manage accounting and invoicing and calculate taxes. They can save time and effort and provide more accurate financial reports when requested.

Inventory Management

ERP systems can provide a detailed overview of inventory, including stock levels, reorder points, and lead times.

Marketing and Pre-Sales Management

ERP systems have potent tools to help businesses manage marketing campaigns, track leads, and monitor pre-sales activities. Using those tools can increase sales and help companies and marketing teams target clients more effectively.

Human Resources (HR) Management:

ERP systems can provide tools for managing HR functions, including payroll, benefits, and performance management. Using the right HRMS makes it easier for HR to ensure all employees remain satisfied and put all their efforts into pushing the company forward.

Real-Time Access to Data

ERP systems provide real-time access to data, which can help make informed decisions on time. Anyone can access the ERP system and immediately get the necessary information if there is an available wireless connection.

Employees can find client-related info like when their contracts expire or their contact information. Landlords can find out if there are any issues or complaints from their tenants and know when their contracts need to be renewed.

Productivity Boost

ERP systems can help boost productivity by providing tools for process automation, data analytics, and real-time reporting.

How to choose the best ERP system for a real estate company

The market is full of different ERP solutions and providers for real estate solutions. When you are shopping for an ERP, you have to choose carefully because using it is an investment that can go wrong if you do not plan it well.

  • Go for customizability and integration

A good ERP system should provide the ability to adapt to your business. Each business is different and thus needs a unique solution. Ask if the system offers high customizability and if it can be integrated with other platforms and software.

  • Request an easy-to-use interface

You need a system that can be used by staff and others from outside the company. Having an ERP that is simple and easy to use is essential to prevent any mistakes when using the software and help everyone speed up the work.

  • Mind the price

ERP systems are a bit expensive, yet there is a huge gap in cost between different software. Odoo solutions for instance, can cost you a lot less than SAP. It is an affordable solution that is suitable for small and medium businesses

How can OdooERP help real estate businesses

Knowing how ERP solutions can help real estate businesses is only the first step on the way. Next, you need to find a trusted provider to build and integrate the system to meet your demands. That is where odooERP can help!

OdooERP is a major company that provides solutions to businesses of different industries, including real estate. We are the leading odoo solution provider in the UAE and a leading company in the GCC. With a team of qualified developers and consultants, We can provide tailored ERP systems designed especially for your business.

3 ways to Odoo Real Estate Software boost house sales

The boom in housing demand in the UAE and Dubai has increased the number of real estate companies. Tens of real estate companies are created each year in the country. Each of them has to face fierce marketing competition and survive it. Even the old reputed companies must work hard to keep up with the competition. But did you ever think that real estate software may be the solution to your problems? 

Why do real estate companies suffer from marketing 

Everyone should come prepared with good plans and tools in a game with big names. Real estate companies must have good reputations and constantly work on maintaining them. Unfortunately, some agencies fall into the trap of bad marketing, and here are some reasons. 

1- Neglecting social media: social media is an essential part of our everyday lives today. We spend hours on Facebook, Twitter, YouTube, and many other platforms. Every platform has many potential clients willing to buy or rent at any moment. When you neglect how much customers value their favorite platforms, you risk losing them to competitors who don’t. 

2- Poor customer service: real estate businesses should always be customer focused. Maintaining customer satisfaction keeps the clients loyal to the company. Loyal customers come back to do business with you. Moreover, they give you free advertisements and bring you more customers.

3- Not being able to analyze data: No strategy plan fits every company and situation. What works for others may not serve you well, and what may be good today could become useless tomorrow. Not being able to analyze the plan to know what is working and what is not affects how well the plan is going.

Real Estate Software Solutions for marketing

Innovative and modern solutions for marketing problems of real estate companies require the proper tools. Sufficient instruments simplify the application of the right plan. Here are some of the ways Odoo systems and tools can help improve marketing campaigns:

Social media integration

Every social media platform should count. A neglected one always has lost opportunities. ERP provides tools to integrate with social media platforms to make it easier for the company to remain active and interact with its customers. The system provides different tools to help boost social media presence and marketing, such as:

Analytic tools: They can help the company track performance in real-time. This means that they know how well their campaigns are going, how many people they got to, how many are responding to them, how effective their methods are on each social media, etc. 

Social media customer service tools: People prefer using social media over calls to communicate with businesses. Real estate CRM software and tools provide a way to see all requests and inquiries and respond to them from one place. It is a good solution to replying late to clients.

Lead Generation 

Odoo takes leads generation to the next level. Odoo tools can help you build a useful database for the company. These databases provide the company with lists of possible clients with enough information to enhance deal closing. Some of the ways to use Odoo for generating leads: 

  • Provide tools to capture information: they help you to collect vital data such as contact info and location. 
  • Simple lead management system: leads can be converted to buyers with the help of the right tools and methods. Real estate ERP software from Odoo offers simple systems to manage leads and distribute them to team members. 
  • Effective evaluation system: it is not possible to convert every lead to a client, but everyone has a chance to be. You can rank them based on their interest levels to help you deal with them based on their interest levels. 

Email marketing campaigns 

Email marketing is an amazing marketing tool. It is free, easy to use, and very effective. Sending emails to your current clients will keep them in touch with the company. Sending emails to potential clients may convince them to contact you or maybe create an easy advertisement. 

How can make email marketing more efficient? 

  • Templates Library: Odoo has a range of ready-to-use templates to use in your campaigns. Using these samples saves time and effort and makes the email look more professional. 
  • Automation tools enable the firm to send more emails faster while the employees have more time to respond and deal with clients to close more deals. 
  • Emails segmentation: you can create the lists based on the location, budget, or any other factor

Odoo offers unlimited potential to help real estate businesses boost their marketing strategies. What is more, you can customize the software to fit your needs. You can get the best real estate software in UAE made for you from Odoo. Just send us a message on WhatsApp or fill out the form here.

5 Reasons Why Real Estate ERP System Can Prevent Failure

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!

Odoo apps benefits of HRMS 

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

Reduce Your Logistics Expenses with Odoo Apps 

With the help of odoo 16 you can automate business process and can meet the requirements of your customers without wasting extra hours. If you are a business owner and deal in import export business then you need to maintain an inventory. To make an inventory is not an easy task. But OdooERP Software Dubai gives you permission to maintain the stocks of your business effectively. With this odoo software you can keep the record of your business systematically.

Odoo 16 ERP system for logistics

The idea to incorporate logistics app into your business was probably one of the best ideas you will ever get. Having an app for logistic services with a platform like odoo gives you a complete look at the needs of your business and gather all facets that are related to it as well.   By having this single database integrated within your web portal, you could control anything from anywhere in no time. Being able to make decisions about where products need so be transported is crucial for businesses nowadays which not only.

Logistic Network is the key to supply chain

Large Business Owners, Retailers and other business firms have the Logistics Network.

Upgrading the technology is the need of an hour and with the help of custom erp software you can easily maintain the stocks of your business and it will also remove the complications which may arise due to manual labor.  

Small businesses grow big with Odoo16

Odoo 16 helps the small to big business firms to automate the business strategy and make its operations smoothly through an automated ecosystem. 

Now you don’t have to waste your precious hours in calculations and updating the records manually. With the help of erp business software you can maintain the business and can enjoy the ongoing business activities through the Logistic process. 

functions of logistics for successful business

Transportation and Warehousing are the two functions of the Logistics and through it you can manage the transportation and warehousing of the Business successfully. 

Managing the transportation process is the main task of the business owner. But now there is no need to worry. With the help of odoo apps you can manage the incoming and outgoing of the stock of your products from the origin place to the destined place. The whole process takes place in a well-designed and practiced way. We can say that the business cannot run smoothly unless and until it is properly planned or executed. So, we are here with the odoo software. It will create a process so that you cannot have to face any type of problem in your business cycle. 

Final Words 

Choosing a right logistics service provider is not an easy task. It takes lots of time and effort to get the best one for you as every company offers different services. Nobody knows your business better than you and that’s why it’s necessary to pick up the agency from a reliable source who will help you in choosing the most suitable logistic solutions for your business growth. 

If you are a business owner and in no mood to experiment with any new process then take the assistance from odooERP and we will provide you with complete logistics service. Take the advantage of this service and stay up-to-date in your business world. 

Reduce Your Logistics Expenses with Odoo Apps

With the help of Odoo 16 you can automate business process and can meet the requirements of your customers without wasting extra hours. If you are a business owner and deal in import export business then you need to maintain an inventory. To make an inventory is not an easy task. But OdooERP Software Dubai gives you permission to maintain the stocks of your business effectively. With this Odoo software you can keep the record of your business systematically.  

Manage and Control your logistics expenses efficiently with OdooERP Apps

The idea to incorporate logistics app into your business was probably one of the best ideas you will ever get. Having an app for logistic services with a platform like Odoo gives you a complete look at the needs of your business and gather all facets that are related to it as well.   By having this single database integrated within your web portal, you could control anything from anywhere in no time. Being able to make decisions about where products need so be transported is crucial for businesses nowadays which not only 

Large Business Owners, Retailers and other business firms have the Logistics Network. 

Upgrading the technology is the need of an hour and with the help of custom erp software you can easily maintain the stocks of your business and it will also remove the complications which may arise due to manual labor.  

Odoo 16 helps the small to big business firms to automate the business strategy and make its operations smoothly through an automated ecosystem. 

Now you don’t have to waste your precious hours in calculations and updating the records manually. With the help of erp business software you can maintain the business and can enjoy the ongoing business activities through the Logistic process. 

The Keys to logistics: Transportation and Warehousing

Transportation and Warehousing are the two functions of the Logistics and through it you can manage the transportation and warehousing of the Business successfully. 

Managing the transportation process is the main task of the business owner. But now there is no need to worry. With the help of Odoo apps you can manage the incoming and outgoing of the stock of your products from the origin place to the destined place. The whole process takes place in a well-designed and practiced way. We can say that the business cannot run smoothly unless and until it is properly planned or executed. So, we are here with the Odoo software. It will create a process so that you cannot have to face any type of problem in your business cycle. 

Final Words 

Choosing a right logistics service provider is not an easy task. It takes lots of time and effort to get the best one for you as every company offers different services. Nobody knows your business better than you and that’s why it’s necessary to pick up the agency from a reliable source who will help you in choosing the most suitable logistic solutions for your business growth. 

If you are a business owner and in no mood to experiment with any new process then take the assistance from OdooERP and we will provide you with complete logistics service. Take the advantage of this service and stay up-to-date in your business world. 

Using Odoo Apps to streamline your human resource management process  

Human resources are among the key elements in each organization. Having a good team of employees working for you affects both the quality and the quantity of your work. From the beginning, your HR division tries to find suitable candidates, then provide a good working environment.

What do HR managers do?

HR managers are responsible for the company’s employees’ life cycle. They are the ones who bring new blood to the company. It is the responsibility of HR to interview the candidates and choose the one who fits the required role.

Later, the HR is going to be supervising any needed training. When the employee begins to do their roles, the HR will be in charge of administering the benefits, and managing their days off, sick leaves, and promotions.

How can Odoo help the HR department?

Small and medium businesses may be able to handle their employees easily. Big corporations and the ones aiming to grow may find it more challenging. It is difficult to be in charge of tens or hundreds of employees. To overcome all the difficulties, Odoo created a set of apps for the HR department.

Odoo system offers six apps for the Human resources department. Employees, Recruitment, Time Off, Appraisals, Referrals, and Fleet. Each of these apps has various capabilities to help organize and run the work smoothly.

How can Odoo make recruitment more efficient? 

Recruitment is one of the basic tasks of the HR management department. Recruitment aims to find and bring good candidates to fill a vacant role in the company. When trying to expand your business, you will need many employees. Unfortunately, the process is not simple. Recruitment can take a long time between reviewing hundreds of CVs and interviewing shortlisted candidates.

Odoo recruitment makes it easier to attract candidates and check their CVs. One app can make everything simpler. You can prepare an ad with all the important information within a short time. The important skills and requirements needed will be defined easily. When reviewing CVs, you can sort and categorize applicants to make it easier to choose. 

Why can Odooerp help you with the time off? 

The management always focuses on working hard and increasing productivity. Getting enough rest is one of the best ways to stay focused on your job. Every company gives employees paid leaves per year. However, when you have a lot of employees, you need to make sure the absence of one does not affect the work.

You can organize the vacation schedule easily with the Timeoff app. it is a good way to track the days your employees have taken and check how many days they have. It can also be used to make it easier to put requests for days off where the HR manager only need to check the availability and approve or decline accordingly.

With good management of time off, the company can still be productive and provide a relaxed environment at the same time. Approving the times off and sick leaves will become easier than ever.

Better data to evaluate your team

An important part of the job of the HR department is to improve the employees’ productivity. To help someone improve, you need to know how good they are at any time. Odoo appraisal is the tool to help you with that. It is not only about helping employees get better; it can be used to show appreciation for the hard work made.  

With Odoo Appraisal, decisions regarding promotions, salaries, and raises get easier. You can use it to determine who should get promoted. The app can greatly impact the employees, making them feel more loyal to the company since their actions are recognized and rewarded. 

Finishing Lines  

This is only a glimpse of what Odoo is capable of. Contact us and let one of our experts explain how Odoo systems can improve your business further.  

How will Odoo 16 add advantage to the Business and what are its Features?

Odoo has updated its version with several new and updated features. Odoo 16 gives a glimpse of the future and it is really designed with advanced features that a user is going to love it. Odoo apps have a partnership with the latest and improved version of Odoo ERP software with the aim of giving tough competition to the technological world.  

Odoo apps are continuously working and upgrading their internal functionalities so as to achieve promising industrial operations. This work will add benefits to the users. You will be surprised to read that this Odoo apps always comes up with a new and better version each time it undergoes the process of upgradation. The ERP business software always keeps its end users on top as their satisfaction is their only priority.  

When Odoo 16 will come into action?

After attaining 15 years of success Odoo has come up with a new version of Odoo 16. It is going to be released in October 2022. Starting a journey from tiny ERP to full-fledged open-source ERP business software today we are going to discuss the features and other benefits of the Odoo 16. 

Odoo has created its identity as user-friendly as its easy-to-use modules are always there to give their complete assistance. The existing modules ensure accuracy in the workflow and work with efficiency. With the evolution of Odoo 16, new modules and components will come into existence, and they will work in an improved manner. 

New Features and Advantages in Odoo 16 - OdooERP.ae., UAE for ERP Consultation

Let’s have a look at the benefits that Odoo 16 is going to add to the industrial world.

Knowledge Application

Odoo 16 is introducing the most requested new Knowledge Application for its users. This feature is in demand and users from across the globe are requesting this application. This is like an info-sharing hub that allows different organizations to contribute important data so that the users can drag maximum benefits from it. 

The employees can interact with each other and can exchange business processes, versions, and information with other colleagues in other departments. It can improve the overall functions of the organization. 

It gives the opportunity to its users to share articles or information with non-users of Odoo ERP software through the link. 

Website and Chatbot Feature

The Odoo 16 website allows the user to control and customize the options on the website building elements. It has merged the front-end and back-end of the website module so as to create an identical user interface. 

Accounting Module

The Odoo 16 has introduced the Accounting Module with the aim of supporting real-world business scenarios. It provides an efficient and effective result to its end users. 

Coupon and Promotion Module

The Odoo 16 is designed in such a way that it can access the coupon and promotion module successfully. It can manage these coupons easily. 

Inventory Module

To make life easy and stress-free Odoo 16 has introduced an Inventory Module to manage the inventory and with it can improve the shipping methods also.  

Closing Lines

Odoo 16 can manage your business as it is packed with complete features that are going to give an advantage to its users. So, if you are running a business or are planning to start your business then
Odoo 16 will be there to give you complete support and it will generate the maximum efficiency in business management. It will improve the overall inputs and outputs of the business that will prove as a great advantage to the running business.