Odoo ERP Pricing: An Overview
As times have progressed, the business landscape has become complex. Now more and more organisations, big or small, are adopting ERP systems that act as the organisational backbone. These systems cater to multiple business domains, such as accounting, marketing, human resource development, production, etc.
The ERP market is full of choices, but as a small and mid-sized business, you need an affordable and flexible solution. Currently, Odoo Cloud ERP is a prominent and trending ERP software solution with a plethora of functionalities. Its functionalities and pricing are designed for small and mid-sized businesses. This article will give you a peek into Odoo ERP pricing.
What is Odoo ERP?
Odoo is an on-demand open ERP founded in 2005. It has risen to prominence as more companies turn to Odoo for its endless, flexible functionalities. In October 2022, it launched its 12th version. It does not have a dedicated CRM or accounting software. It is a comprehensive business management tool providing multiple functionalities to the users.
Odoo has two versions:
- Open Source
- Enterprise Editions
The first version- the open-source one is free for everyone and has the essential capabilities for running a business smoothly. Next comes the Enterprise edition, which is mostly chargeable and has advanced functionalities like integration with Salesforce, enterprise-grade security system, etc. The Enterprise Edition is charged either based on the number of users or the number of apps.
How Much Does Odoo Cost?
Depending on the Odoo ERP cost, there are two price plans. One is a free plan, and the other is a paid package.
Community Edition
community editionis the free package. But it has only the basic features. Users can access simple tools for rudimentary tasks, such as the invoicing app for elementary accounting. Although, during one of its updates, Odoo dropped the Accounting feature from the community edition. If you are using this package, you will also not have access to a hosting facility, bug fixing and functional support.
Enterprise Edition
Odoo partner in the UK which is the paid Odoo ERP package. In this plan, you can enjoy the basic facilities from the community edition as well as the advanced features that come at a cost.
Odoo pricing is set keeping in mind the small and mid-sized organisations and their shoestring budgets.
Odoo Enterprise Pricing Model
The Enterprise Edition is a better choice for organisations due to its varied functionalities and add-on support, making it worth every penny. Odoo Enterprise License cost can be categorised into three plans:
Free/One App
As the name suggests, you do not have to pay any charges for the free version. Unlimited users will have access to only one app.
Standard
The following plan allows unlimited users to access multiple apps. You can also enjoy endless maintenance, hosting, and support facilities under the standard plan. All of this is chargeable. Odoo offers flexible payment options to its users. You can pay monthly subscription fees of USD 31.10 per user/month or an annual charge of USD 24.90 per user/month. Based on your budget and business needs, you can select the payment option most suitable for you. You can find more details about the standard plan by visiting odoo.com/pricing.
Custom
The custom plan is perfect for those who want to manage multiple companies on a single database. Users can customise their Odoo software via Odoo Studios, the on-premise hosting option, or custom development. It costs USD 37.40 per user/month (annually) or USD 46.80 per user/month (monthly). You can find more details about the standard plan by visiting odoo.com/pricing.
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Odoo Implementation Cost
There are three Odoo implementation methods:
- In-house implementation
- Purchasing the Odoo Success Pack from a vendor
- Working with an implementation partner
If you have less than 50 users, the second option can work for you. However, for more than 50 users, you must consult a certified Odoo implementation partner. Other than that, if you do not have an experienced tech team, you must consult Odoo experts to maximise the benefits of the software.
Success Pack has four tiers, namely:
Basic
The Basic tier is priced at USD 3,060. It is offered for 25 hours and is recommended for all apps except Inventory, Manufacturing and Accounting.
Standard
The Standard tier costs $5,950 for 50 hours. This plan is advised for advanced apps and data import.
Custom
The Custom tier costs $10,625. A dedicated success consultant will be available for 100 hours. You can choose this plan for data import, customisations, and advanced apps.
Pro
The Pro tier costs $21,250, where the dedicated consultant will assist you for 200 hours. You can choose this plan for data import, customisations, and advanced apps.
FIND OUT HOW MUCH ODOO WILL COST FOR YOUR BUSINESS TODAY!
Odoo License Cost
Odoo license cost starts at USD 20 per software user. It is charged annually. Although the Odoo license cost changes with each module, it is more affordable than its counterparts, such as Microsoft Dynamics or NetSuite.
Factors Affecting Odoo Pricing
The factors determining Odoo pricing are numerous. The most important ones are:
Number of Users
The first and foremost cost contributor is the number of users. The subscription fee for the standard Odoo plan is USD 31.10 per user/month, whereas the annual fee is USD 24.90 per user/month. There can be an unlimited number of users accessing multiple apps. On the other hand, the custom plan is used by those who want to manage multiple companies through a single database. For this, the annual charges are USD 37.40 per user/month, and the monthly fee is USD 46.80 per user/month.
Modules and Apps Selection
As seen previously, the Odoo enterprise edition is chargeable. But you only have to pay for the number of modules and apps you select. More apps will increase the cost of Odoo. Hence, it is important to decide the purpose of Odoo implementation and have a set of objectives.
Hosting Options
Cloud or On-Premises: Since Odoo is a flexible software solution, it offers various hosting options. But each of them is priced differently. Therefore, Odoo pricing will increase or decrease depending on your hosting option.
Customisation and Implementation Requirements
Depending on software customisation, you must incur a significant cost. The cost will rise along with the number of customisations and changes. The implementation partner will also charge an implementation cost. If you have additional requests at the implementation phase, that is chargeable too.
Support and Maintenance Services
Most implementation partners offer support and maintenance services after software deployment. To ensure the system does not break down and run smoothly, you must also pay for post-sales support services that will affect the Odoo pricing.
Importance of Understanding Odoo ERP Pricing for Businesses
Understanding Odoo pricing and its components is important because it gives you an insight into what you pay for and the areas of cost savings. It enables you to identify necessary areas and identify others that can be eliminated. Therefore, organisations can optimise their resources and allocate funds more efficiently. Since Odoo is a comprehensive business management tool, getting an overview of its modules helps you choose only the ones your business needs, making the implementation smoother. Additionally, you have to provide training for only the modules you choose. It increases employees’ efficiency and reduces the cost of Odoo implementation.
Odoo ERP Features
Here are six unique features that make Odoo Cloud ERP a go-to solution for all businesses.
Robust Communication Tools
Odoo has an in-built powerful communication tool that keeps every member of the organisation connected. Using its internal messaging feature, you can track all the communication to stay updated with sales, orders and purchases. New-age solutions like Odoo enable you to access real-time data through organised dashboards. Combining data visualisation and around-the-clock communication, your company can stay ahead in the competition.
Mobile Responsive
Although Odoo is completely web-based, you get a mobile preview. You can access all the information on the go using mobile phones and tablets. It was built as a three-tier mobile application platform and continues to upgrade.
Easy Integration Support
Odoo can be easily integrated with third-party applications. The modules can be integrated wisely based on the industry. Odoo can be integrated with other robust ERP solutions, such as SAP B1. Therefore, if you were using another ERP before Odoo, you can integrate it with Odoo and save money on re-purchasing the module.
Regular Updates
Odoo is constantly updating its solution to ensure its clients can access the latest tech in the ERP industry. In addition, new functionalities are added to the existing versions based on new technological advancements. Odoo was recently updated in October 2022, and Odoo 16 was released.
Bunch of Applications
Odoo is a community ERP software. Therefore it is a one-stop shop for all business-centric applications. The App Store of Odoo offers over 10000 applications for clients. Some of the Odoo modules are accounting, HRM, CRM, sales, marketing, supply chain management, warehouse managment, inventory management among others.
Customisable
Odoo Cloud ERP can also be customised to fit the unique needs of every industry. Wholesale and retail businesses, the hospital and hotel industry, the construction and education sectors and all other industries can benefit from Odoo customisation.
Conclusion on Odoo ERP Pricing
Although Odoo is a relatively new software solution compared to others in the market, it is equipped with functionalities ideal for small and medium-sized organisations. It is a flexible, on-demand, open ERP solution with a wide functional scope. Are you still finding the best Odoo partner in the UK? Your search is over at Silver Touch Technologies Ltd, a certified Odoo implementation partner. Equipped with several years of industry experience, we have established ourselves as the best in the ERP business. Now it is your turn to leverage Odoo cloud ERP and Silver Touch’s expertise for your company. Contact us today to learn more!
