What is Odoo?

Odoo is an open-source alternative to many software packages. It can be used by any retailer with its POS (Point Of Sales), and in any website with its CMS (website builder) synchronized with the e-Commerce app. In the enterprise resource planning software field, Odoo is an alternative to SAP ERP, Oracle E-Business Suite, Microsoft Dynamics, Netsuite, and others.

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Awards & Recognition

Odoo won the following awards in the Accounting - Enterprise category

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Odoo Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Odoo.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

87 Likeliness to Recommend

2
Since last award

100 Plan to Renew

86 Satisfaction of Cost Relative to Value

1
Since last award


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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+98 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Odoo?

0% Negative
2% Neutral
98% Positive

Pros

  • Continually Improving Product
  • Reliable
  • Performance Enhancing
  • Enables Productivity

Feature Ratings

Average 87

General Ledger Chart of Accounts

89

Reconciliation

87

Accounts Payable Purchase Orders

87

Accounts Receivable Invoicing

87

Expense Management

87

Integration APIs

86

Project Accounting

85

Dashboards, Analytics and Reporting

85

Cash Flow Management

85

Cost Revenue Tracking

84

Budgeting Forecasting

84

Vendor Capability Ratings

Average 83

Ease of Customization

87

Availability and Quality of Training

85

Ease of Implementation

85

Quality of Features

85

Business Value Created

84

Ease of Data Integration

84

Breadth of Features

83

Ease of IT Administration

81

Product Strategy and Rate of Improvement

81

Usability and Intuitiveness

81

Vendor Support

80

Odoo Reviews

Simone S.

  • Role: Information Technology
  • Industry: Chemicals
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Jun 2022

The best tool for managing accounting needs

Likeliness to Recommend

9 /10

What differentiates Odoo from other similar products?

This software was installed to manage our accounting needs, and it performs admirably. Everything about the product is simple to understand, from how to use it to how to integrate it. We found it to be a very useful tool. In comparison to other similar tools, it meets our expectations.

What is your favorite aspect of this product?

There is only one business management software we can trust when it comes to managing and managing business accounts: Odoo Accounting. I've used this software and can attest that it suits our demands admirably, thanks to its numerous capabilities. Because the software is simple to use, no training is required. Because the software has so many accounting features, it can suit a wide range of accounting requirements.

What do you dislike most about this product?

Specific built-in Odoo Enterprise License interfaces, such as bank synchronization, expose protected data and break confidentiality requirements. Direct integration with the third parties involved, without the use of an intermediary, would be preferable. At a transaction, there is a lack of solid access control and division of roles.

What recommendations would you give to someone considering this product?

Carefully set up the fundamental information for all Odoo items, such as the chart of accounts, accounting techniques, taxes, and so on. They can produce problems that you may not notice until they become very difficult to resolve. Take precautions and consider employing a consultant or a third party to assist in the right setup.

Pros

  • Continually Improving Product
  • Reliable
  • Respectful
  • Altruistic

Lindsay j.

  • Role: Consultant
  • Industry: Technology
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Jun 2022

One of the best Accounting platform

Likeliness to Recommend

9 /10

What differentiates Odoo from other similar products?

Because Odoo comes with an open-source nature software this makes it an ideal system for both small and large businesses. This allows us to not only utilize it within our organization, but because it offers a lot of amazing features we also confidently offer it to our clients.

What is your favorite aspect of this product?

I am not experienced, but I found this Accounting software to be simple to use. The landing page gives us a fast overview of all accounting tasks that first need to be finished. This contains both invoices that have yet to be paid and bills that must be paid to vendors. It connects to my bank accounts easily, making financial reconciliation a breeze. All of the usual reporting and auditing features are fantastic.

What do you dislike most about this product?

Honestly, it's not a really horrible point; but the purpose of mentioning it is to bring their attention there so they can remove it; Direct integration with the third parties involved, without the use of an intermediary, would be preferable. There is also a lack of effective access control systems. It takes practice and understanding of how to use it properly, but it is well worth the effort.

What recommendations would you give to someone considering this product?

I would choose to use it since my experience with Odoo has always led me to admire and promote it because it is more than just an accounting system, it is a complete business management option for small, medium, and large companies. Everything is placed in a clean and eye-catching manner in this system.

Pros

  • Helps Innovate
  • Performance Enhancing
  • Enables Productivity
  • Trustworthy

Michalina W.

  • Role: Operations
  • Industry: Other
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted May 2022

Reliable and awesome accountings

Likeliness to Recommend

9 /10

What differentiates Odoo from other similar products?

Because of the numerous features, I have tried Odoo Accounting software and can tell that it fulfills our demands quite well and assist us where other systems have faltered. The software is simple to use, and no training was required. The aspect that differentiates is that software has so many accounting features and it can suit a wide range of accounting requirements.

What is your favorite aspect of this product?

I particularly like the automatic warnings, bank statement synchronization, and automated reconciliation functions since they eliminate unnecessary data entry tasks and allow activities to be performed in the shortest time possible. Partial reconciliation is also supported by the fully-featured and simple-to-create invoices. Furthermore, the automated payment options minimize the necessity for reconciliation.

What do you dislike most about this product?

For setup, an Odoo technical manager is required. Data conversion from Excel to Odoo may be problematic. Security must also be stronger than it is currently. Setup is costly and time demanding, and maintenance can only be undertaken by an IT expert. User experience Can be improved by making it more user-friendly.

What recommendations would you give to someone considering this product?

Odoo Accounting software is a fantastic tool that enables accountants to accomplish more in less time by automating daily business processes. However, there is a lot of work that has to be done in the beginning to make it a perfect fit for their business model, so I urge that customers make sure they have a comprehensive IT team to maintain Odoo when they install it.

Pros

  • Helps Innovate
  • Performance Enhancing
  • Enables Productivity
  • Trustworthy

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