Implementing an ERP (Enterprise Resource Planning) solution is a big step for any organization. Perhaps you have used ERP before, or maybe you are just now moving beyond entry-level systems to select your first ERP solution. Either way, choosing the right ERP for your business will be crucial to the overall success of your project. Equally important will be choosing a knowledgeable and experienced partner who can provide the expertise and support to help you take your business to the next level.
You’ve probably already realized that choosing the best ERP for your business requires research and effort, as well as a good understanding of your organization’s current processes and future goals.
At first, Odoo and Acumatica may seem similar. But let’s take a deeper look.
Odoo, based in Belgium, has been around since 2005 and has 16,000 customers, mainly in Europe and the Middle East. Odoo offers many end-to-end modules, including Financials, CRM, eCommerce, HR, and Payroll.
Odoo has raised $104.1 million in funding over three rounds, with the most significant investment ($90 million) closed in December 2019.
Acumatica, based in the Seattle, WA area, is the world’s fastest-growing cloud ERP company. It was founded in 2008 and has 6,500+ customers around the world. Acumatica also offers many end-to-end modules with particular strength in Financials, Retail and eCommerce, Field Services, Construction, Distribution, Manufacturing, Professional Services, and regulated industries.
In 2019, EQT Partners, a leading investment firm with $80+ billion of assets under management, bought Acumatica. The EQT investment allows Acumatica to focus on its goal of becoming the global market leader in the cloud ERP market.
The two solutions have different strengths and capabilities, so their users vary.
Odoo businesses are generally smaller, with 50 or fewer employees and less than $5mil in annual revenue. Users tend to have relatively static operations with slow growth and predictable processes.
Odoo offers features for eCommerce and Retail and equipment rental, so it is suitable for those industries. However, software limitations and costly integration requirements make it less useful for warehousing, manufacturing, and regulated industries.
Acumatica has clients of all sizes, from less than 50 to more than 1000 employees and with revenues of $10 million to $100 million. Their clients tend to have dynamic and agile business operations, with fast growth rates and constantly evolving processes.
Initial pricing for the two solutions is similar, but there is a big difference long term.
Odoo has a free version (Community) with limited functions and limited ability for customization. There is also a paid version (Enterprise.) Unfortunately, if you scale up to the paid version, you can’t scale back down.
Odoo charges monthly per user with additional fees for each module. Hidden charges include a steep monthly cost for online connectors (for instance, those for eBay and Amazon.) The app for shipping carrier integration is another monthly charge.
Implementation is expensive, and hosting on Odoo requires additional development, staging, and storage investments. Customizations incur a core development fee plus perpetually recurring monthly expenses.
Acumatica’sresource-based pricing means you pay only for the cloud resources you use; there are no per-user fees. This pricing encourages growth without adding cost as you add users. Unlimited users can include employees, customers, vendors, suppliers, and partners.
Acumatica has a wide range of included capabilities to address industry and customer needs. In addition, Acumatica Marketplace offers competitively priced add-ons and reasonable developer customization costs. And with Acumatica, you have the freedom to scale up and down as needed.
In this post, we’ve just scratched the surface of how Odoo compares with Acumatica Cloud ERP. In Part 2, we’ll discuss how the two solutions meet key ERP needs, scalability, customization, and support.
Meanwhile, if you’ve read enough to pique your curiosity about Acumatica Cloud ERP and would like to explore what it could mean for the future of your business, contact our experts at Dynamic Tech Services.
Since 1996, Dynamic Tech Services, an Atlanta-based national Acumatica partner, has offered consulting and solutions that help clients get the most out of their critical business technologies. As one of the only firms in the world with multiple multi-year Acumatica MVPs (one of whom is a 6-time recipient), we’re the experts to trust for honest Acumatica information.
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