The Importance of ERP Systems
Enterprise Resource Planning (ERP) systems are essential for businesses, serving as software solutions that integrate with a company’s processes within their various departments. This includes finance, human resources, inventory management, among others. ERP systems is a platform where you can manage and share data across departments, while offering customizable features to target your specific needs of an organization.
As businesses assess their ERP solutions, it’s important to note that Quickbooks Desktop 2021 will no longer be supported after May 31, 2024. Now is the time to evaluate whether Quickbooks is the right solution for your company. We will be comparing the noticeable differences between Quickbooks and Odoo.
Quickbooks vs. Odoo
What are they?
Quickbooks is an accounting software solution that is targeted towards small and medium businesses. They empower businesses through their software solutions and services that focus primarily on accounting and financial management. This includes bookkeeping, invoicing, expense tracking, and financial reporting, and others that you may be already familiar with.
The downside to Quickbooks is it doesn’t provide an all-in-one solution for businesses that want to extend beyond accounting. Once your business starts to grow and becomes more complex, it will become difficult to use Quickbooks for all your essential needs. In fact, it is likely that if your business requires significant upwards technical scalability, it has been noted that performance issues will likely start to appear once your business reaches around 10,000 records. Given the unfortunate circumstances of Quickbooks Desktop being discontinued, it’s advisable to consider the differences between Quickbooks and Odoo.
Odoo’s mission is to provide a wide range of robust, intuitive, easy to use business applications managed and delivered on an integrated platform. The Odoo solution is scalable to support the mission-critical business processes of small, medium, and large businesses. With more than 80 applications Odoo can support every department in your company, eliminating the overhead of third-party integrations and increasing your efficiency. If your business continues to prosper, Odoo prospers with you. The additional functionalities and features offered provide flexibility that is best suited for your business.
Quickbooks vs. Odoo
Comparing its functionalities
Quickbooks is widely recognized for its accessibility and its ease of use. Its recognizability is what makes it popular among smaller businesses and individuals outside the accounting field. Quickbooks lets you simplify accounting tasks such as invoicing, expense tracking, and bank reconciliation. This simplification helps minimize errors and improves efficiency. Although Quickbooks is intuitive, it lacks the ability to locate pages that are not tailored for accounting and finance, nor does it accommodate even basic tailoring capabilities, such as the ability to add new database elements to fit the needs of your business. In contrast to Odoo, Quickbooks overall layout is also comparatively less flexible .
Odoo is seen as one of the most user-friendly softwares in the market. This goes hand in hand with its streamlined processes as it makes work-flow productive, reliable, and efficient. You won’t need to rely on integrations or stand-alone third-party applications because Odoo is known for its ease of customization and openness. Although Odoo offers flexibility, it may take some time to fully grasp the full capabilities of the software, especially if you are unfamiliar with ERP systems.
User-friendliness is paramount when considering your ideal business application, especially if you have significant turnover and want to minimize new user onboarding. Odoo offers a modern and customizable interface while the Quickbooks interface is less intuitive for the general user, and more designed for professionals that will focus on a narrow application set.
The Implementation Process
As you may be familiar with, Quickbooks provides technical support through various channels such as live chat, phone calls, community forums, articles, and tutorials online. The Support team can assist you with software-related issues and accounting-related questions. Quickbooks has a certified network called ProAdvisors who can provide personalized support, consulting, and training based on your needs. On the other hand, Odoo features a ticketing system where users can submit issues that they are encountering like bugs or technical assistance.
From a customer's point of view, by working with Pragmatic as an Odoo Official Partner guarantees that:
Pragmatic can work with Odoo to escalate issues
Clients have access to a professional help desk organization through Pragmatic, with response times backed by Service Level Agreements (SLA’s)
Can assist in customization as needed and manage them in the Github repository
- Clients have access to training sessions tailored to their needs, in addition to standard training available directly through Odoo
One advantage of working with Pragmatic is our specialization in Odoo, enabling us to effectively address your challenges.
When thinking about the implementation process of Odoo, there is no need to worry. There are several key points when implementing an ERP system that can increase your chance of success. Whether that is deciding to use Quickbooks or Odoo.
1). As previously mentioned, you should outline your goals, needs, and desires for your company related to an ERP system. What specific challenges are you encountering? When you find out the answer to your question, you can identify whether Quickbooks or Odoo is right for you.
2). When choosing the right ERP solution, it is key to understand if your industry can fit in well with the software and what features and functions are your “must-haves”. It is also important to consider user experience/accessibility, and seek vendor references. Bear in mind the various key aspects and thoroughly review the article so that you can make an informed decision regarding the software that best aligns with your company's needs.
Now, after deciding whether Quickbooks or Odoo fits you best, it is important to consider that both software options have good resources and technical support to help you through the process.
Do you think Odoo is right for you?
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Finally, if you are a business that has grown beyond the basics that can be supported by Quickbooks, chances are that you will also want a professional support organization working with you to ensure that the continuity of your operations is optimized. With Pragmatic as an Odoo partner, you will have continuous access to Odoo experts backed by service level agreements.
If you would like to learn more about why amazing companies deserve an amazing partner read our blog here.
In summary, we encourage you to take this opportunity to take a closer look at your business needs and consider which tool will best support your business requirements, now and in the future. Pragmatic can assist you every step of the way to support a thorough investigation of Odoo and in the case you see significant advantages available. Pragmatic can accompany you through a sucessful upgrade/migration or implementation.
For a detailed, side-by-side comparison of Odoo vs. Quickbooks, you may find that here.