Due to high demand and frequently changing trends have brought a lot of changes in the current apparel business scenario. Important to realize, the fashion and apparel business is growing so fast and so many people start indulging in the garment business. One of the most common problems which every fashion and apparel business faces are improper stocks management and that ultimately results in incorrect and disturbing accounts. Equally important, this industry has to manage their stocks as per the seasons, sizes, colour, occasion, brands, etc. all things considered, apparel companies need extra management to reduce complexities and differentiate among various products.
Only an integrated and all-in-one ERP system for the fashion and apparel industry can handle end-to-end processes effectively. An enterprise resource planning software is an all-in-one solution for all the problems and it enables you to run your business more successfully. From raw material procurement to the delivery of the item to the customer, everything is handled by a powerful and comprehensive fashion and apparel ERP system. To put it another way, manage your entire apparel business from the manufacturing and distribution to inventory and finances. ERP systems are always helpful in improving the supply chain and distribution process that ultimately helps businesses to meet customer demands.
Odoo ERP software truly enables apparel companies to streamline and synchronize their entire business process. As a result, your business will definitely grow securely. Odoo is a customizable software and it is a great fit for the apparel industry because the garment business needs so much customization than any other industry. For example, Odoo has Grid that makes it easier to enter multiple variants such as color, size, fit, etc. on a sales order. Also, Odoo has the functionality of creating a BOM for the parent item from which you can specifically determine which materials are used for each variant. To put it another way, you can easily create a Bill of Materials for each variant.
Furthermore, Odoo ERP Software has very fast billing features with different modes of payments i.e. Cash and Credit cards, which leads into balanced management of customers as well as an easier way of maintaining stock, as it will show an alert when there is a shortage of any stock.
Odoo ERP software enables businesses to
•Purchase Cross Check
•Maintain an accurate inventory making orders and deliveries easier
•Keep on top of the bank balance
•Monitor receipts and payments
•Plan cash flow and monitor actual against forecast positions
•Provide business information to back up requests for finance
Odoo makes online invoicing very convenient. Now, you can create recurring invoices and bill timesheets quickly. Also, get paid faster with powerful Odoo invoicing features. Integration of billing with accounting module helps you to record all invoices in your books as well as track the payments and keep the records.
• Multi-Rate, Price List, and Discount
• Cash / Credit / Split Invoice and Challan
• Sales Return and Replacement on Sale Bill
• Party Wise Rate, Discount and Scheme
• Salesman / Route / Area Wise Bills and Reports!
• Indication for Loss, Min, Max, New / Old Rate and Expiry
• Self-Designed Price List (Set Formula in Price List)
• Sales Return on Same / Separate Bill and Its Adjustmentl
• Switch Over from Bill to Bill Anywhere
• Bill Import / Export and Message on Bill
• Display last four Deals at the Time of Billing
• View O/s Stock, Ledger. Last Deal of Sale and Purchase Returns, Receipt Payment Bill Modification at the Time of Billing
• Party History Dashboard on Party Selection
• Provision to Load Item from Other Bill
Odoo purchase management module enables businesses to minimize purchase steps as well as automate as many steps as possible. It also reduces costs as well as employee-related errors. Important to realize, automating purchase order management provides a much better outcome than before. Now, with Odoo purchase management module manages POs from a single dashboard across online channels.
• Display Last 4 Deals at the Time of Purchase to Cross Check Rate Deal, Disc Tax and Cost
• Purchase Planning and Purchase Order Management
• Supplier Wise Various Outstanding Reports and Remainder
• Pending DR / CR and Replacement Notes
• Auto Barcode / Label Printing from Purchase Bill
• Fix Sales Rates and Deals at the Time of Purchase
• Online Shortage Management
• Purchase Costing Comparison
This customer-focused approach affects the business in a positive way and enhances customer satisfaction. Important to realize, giving discounts, coupons, and other offers to your customers lead to the growth of business more quickly as well as it maximizes revenue.
• Items Wise Double Percentages Discounts
• Item Wise Double Volume Discounts
• Four Different Discounts on Complete Bill
• Party Wise Discounts and Schemes Pre-Fixing
• Data Wise Schemes, Quantity Based Rate and Discounts
• Various types of Schemes, Like A Item Free with B Item etc.
With Odoo ERP system you can print any document whenever you need. It is very convenient to print crucial documents of payments as well as other important documents.
• Accounts Vouchers and Cheque Printing
• Receipt/ Payment Advice
• Sales / Purchase Invoice, Estimate A7 Challan
• Sale / Purchase Return Replacement and Price Difference
• Factor Communications
• Debit Note/ Credit Note
• Sales Orders / Purchase Order
• Bank Pay in Slip and TDS Certificate
• Delivery Note, Goods Receipt Note and Dispatch Summary
Implementation of Odoo makes invoicing so convenient and seamless. Now, you can easily draft and send invoices. Furthermore, Odoo also has the feature of splitting invoice into multiple payments as well as a payment to multiple invoices.
• Vat Invoicing Tax (Tax / Retail)
• Tax Inclusive, Exclusive and MRP Billing
• Multiple –taxes in Single Invoice
• Manufacturing / Trading Excise Invoice
• Export Invoice and Packing Slip
Odoo is a self-reliant and robust system that delivers all the financial and tax reports of your business very accurately and precisely. To put it another way, Odoo provides you with accounting reports such as tax audit statements, profit and loss report, and cash flow. Get all the financial and tax reports in the most precise and accurate way. You can print a tax report in Odoo as well as build a tax report structure same as the financial report.
• Purchase Tax / Sales Tax Summary
• Sales Tax Account Registers and Vat Returns
• Sales Tax Forms Receivable / Issuable and Reminders
• Service Tax, F.B.T., T.D.S, T.C.S Excise, Cess and H.E. Cess
Easily get all the financial reports into your MIS to have an insight into your financial data. Also, get a cash flow statement in real-time. Having all the accounting reports such as cash flow, tax audit statements, profit and loss, etc. enables you to make better decisions related to the budget and expenses.
• Cash Flow, Funds Flow and Ratio Analysis
• Budgets / Targets / Credit Limits
• Online Graph, SMS and E-mail
• Any Report Export to Word and Excel
• Sales / Purchase Analysis
• Gross Profit Analysis
• Financial, Expenses and Budget Analysis
Here are some general features for the businesses that help in running their business with more speed and success.
• Single as well as Multi-User interface
• 100% Data Security and Accuracy
• Tried and Tested (100% Error Free)
• Multi-Currency, Unit, Godown and Financial Years Facility
• Month Calendar with Appointment Dairy and Note Pad
• Supplier, Customers and Personal Directory
• Hot Keys for Switch Over from one Report to Another
• Data Security with Self Backup and Carbon Copy System
• Sale / Purchase, Bank Ledger and Data Freezing on any Date
• Any Report Printing from Anywhere
A holistic approach to financial accounting leads to lower risk and minimal errors.
• All Book of Accounts and Final Results
• Balance Sheet with Various Schedules
• Configurable Sales and Purchase Registers
• Outstanding Reports and Analysis
• Configurable Payment Reminder Letters
• Interest Calculation and Bank Reconciliation
• Depreciation Chart (as per Co. Act / it Act)
• Funds Planning / Bank Planning
Complete visibility across the inventory helps in managing and controlling stock levels. A strong fashion and apparel inventory management software enables you to control and track inventory level across all the warehouses regardless of their location.
Features Of Inventory module:
• All Books of Inventory
• Brand, Group and Category Wise Inventory
• Stock Valuation of Multiple Methods
• Item Wise Gross Profit
• Primary and Alternative Unit for Each Item
• Party-wise Price Structure for Items / Groups
• Multiple Prices Lists of Items
• Sales and Purchase Order Processing
• Get clear Batch / MRP / Size / Shade / Reference / Serial No. Wise Inventory