ERP software enables the integration of a company’s essential functions, such as finance, manufacturing, HR, supply chain, inventory, procurement, tracking, transactions, and so on, into a single location. It also integrates all of an organization’s data and related business operations. YOu can also Hire an Odoo ERP consultant for your business to do that.
Odoo ERP is a prominent open-source, cloud-based business management software that aids in the management of many business functions such as manufacturing, finance, inventory, point of sale (POS), eCommerce, procurement, and logistics. Odoo is an ERP system that enables retailers to connect all their data and activities involved in the retail business. Odoo is an excellent choice for merchants because it offers complete solutions that interact smoothly with eCommerce, allowing them to maximize profit and productivity. At Odoolicious we can do all the processes with our experts from the beginning stage to the ending.
Benefits of using Odoo POS software in retail management:
Integration of POS with ERP provides retailers and service-based business owners with a clear picture of their sales, inventory, and revenue. As a result, there is an increase in productivity. Sales, purchases, inventory, and accounting can all be automated with an ERP system. To list the benefits, here are some:
1) Easy to Install
The Odoo POS software does not require any special hardware to run. Because it is a web-based POS and it can be used on any device that can run a web browser, such as industrial POS machines, PCs, laptops, iPads, and smartphones. In addition, the Odoo POS app is available in the Odoo App center and can be installed easily with a single click.
2) User-Friendly User Interface
Odoo POS provides understandable operations on the front-end that are easy to use and perform all the sales-specific tasks. Odoo provides a simple, user-friendly interface that makes it attractive and easy to use.
3) Integrated Inventory Management
Odoo ERP includes inventory management as a standard feature, allowing users to keep track of their complete inventory, including specific product data, and it is fully integrated with POS. Retail managers can use POS to keep track of the data such as the inventory’s current status, items that will be out of stock shortly. Details about each product’s shelf life and notifications about the expiration of a product.
The integrated nature of Odoo ensures that as soon as a product is sold, it is recorded in the system, giving managers real-time inventory information. Integration also provides real-time information on goods movement, invoicing requirements, and sales to accounting.
4) Payment Module Integration
Having a variety of payment methods can improve a customer’s experience. Retailers may connect and customize numerous modules such as wallets, cryptocurrencies, credit and debit cards, and UPI using Odoo’s plugins and extensions. PayPal, PayUMoney, Buckaroo, Sips, Stripe, Ingenico, Adyen, and Authorize.net are also supported. You can also Hire Odoo developer to do the integration in various platforms in your time.
5) POS Product Categories
From a long list of products, the POS product category allows you to identify things specifically for retail sales. Odoo POS assists in organizing products through hierarchical product categories and the addition of multiple product variants.
6) Cash Flow Tracking and Control
Odoo POS makes it easy to keep track of cash flow at each sales counter depending on sessions and shifts. Odoo POS includes a cash control function that displays the amount of cash in the cash drawer at the start of a new session.
7) Offers and Discounts
We can present customer prices or offer discounts depending on a single product or the entire order with Odoo POS. As a result, Odoo aids in the management of sales offers.
In a word, Odoo ERP is a high-performance retail management system that allows retailers to manage their whole business from a single platform. It has the potential to be extremely beneficial to the retail industry. They can combine Odoo POS with the company’s numerous business software, such as sales, e-commerce, accounting, customer relationship management (CRM), inventory, and so on.