With a view to easing the job of Finance & Accounting professionals, Odoo has introduced the Odoo finance ERP software (Finance & Accounts App). It’s one of its kind and can perform various functions with the ease that run the gamut from basic journal entry creation, budget management, analytic accounting to advanced business intelligence reports. Odoo is a highly productive accounting ERP that can cater to the needs of any business. It is instrumental in augmenting the overall performance of the Finance & Accounts department. With Odoo Finance & Accounts module in place, you can record your operations in just a few clicks and manage all your financial activities in one place. Financial operation shave never been easier. Let’s dig into the key features of the module to understand how it can help you take your business to new heights.
Key Features of Odoo Finance ERP Software
Invoice Control – All you have to do is to enter the right information (quantity, price, customer name, etc.) and click print. Your invoice is done! Not only you can see the invoices awaiting from your supplier but can also control and validate them without re-encoding.
Payment Tracking – It becomes just a child’s play to keep track of invoices to pay, record your customer and supplier payment and reconcile them automatically.
Customers Follow up – You are enabled to email or print directly from Odoo follow-ups on your invoices for your customers. It becomes incredibly easy to set-up and automate follow-ups to have a periodical financial overview and get paid quickly.
Easy reconciliation – Odoo allows you to reconcile invoices and payments effortlessly and swimmingly using the manual approach or automated wizard.
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Smart User Interface – Odoo equally benefits accountants and it won’t be an exaggeration to say that it is a boon for them as it allows them to record a set of operations in just a few minutes.
Easy Payment Management – Being able to make payments through bank interfaces and check handling and printing, you can easily reconcile invoices.
Integrated Analytic Accounting – You can integrate your analytic accounting operations with projects, timesheets, invoices, warehouse, etc.
Multi-Currency – Unlimited currencies supported with daily automatic updates of currency rates.
Multi-company – It helps you get your consolidated trial balance and consolidate statistics in real time.
Invoice Analysis – Cast a glance on your key performance indicators and use our reporting tools to analyze your performance.
Dashboard & KPIs – Getting customizable real-time statistics with drill-up, drill-down, filter, drill-across data.
The job of Finance & Accounts professionals involve a lot of challenges and if they commit a trivial mistake, the organisation is sure to suffer. With Odoo ERP software implementation, Finance & Accounts professionals are now able to accomplish the same tasks, which earlier used to take their great deal of time, with flick of a second. In fact, all the factors that used to water down their performances have been wiped out completely after Odoo Implementation.
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