As we know, consulting firms do not have any tangible stock management they do not need any MRP based ERP software. Consulting firms provide consultation services in financial sectors (banks, insurance companies, etc.), lT sector, Law firms, etc. This sector needs several ERP solutions such as CRM, project, HR( attendance, timesheet, leave, etc.) and an invoicing tool. Important to realize, consulting firms need an integrated ERP and CRM system that eliminates problems like lack of timely updates, lack of maintenance expertise, more errors in the business management, reports taking so much time, etc. An ERP software solution can make your business management flawless and easy. Business management software truly manages crucial business functions like customer relationship management, financial accounting, project management and human resource management.
The first thing to remember, automation in any business undoubtedly improves productivity, client satisfaction, and information accuracy. All things considered, implementation of ERP software ultimately enhances business performance. To put it another way, automating core business processes enables you to focus on the business objectives and makes decision making more effective.
Odoo ERP software is a one-stop solution for all your business requirements, it covers all your needs by providing you with a possible solution. It integrates sales, project, timesheet, accounting, and leaves in a single system. At the same time, it enables you to get an out-of-the-box solution if you do not want any kind of customization. Applications and modules of Odoo such as CRM, Sales, Project, Timesheets, Invoicing, and Accounting making the operations more efficient than ever. Ultimately, it improves business performance and increases productivity. Important to realize, consulting firms are basically project-based businesses and they need efficient and effective project management that helps them to retain their clients. CRM module enables them to keep their client's data and prospects data in a single place. Also, they can track all the customer's activity, history, conversation, and other information to provide them with seamless and better customer experience.
Odoo CRM effortlessly handles all the potential customers as well as current clients by capturing and storing their data in a single database. From incoming leads from your website and converting them into sales this system automates the whole process. For enhanced client experience, this system keeps all the interaction history of your clients in one place. Easily create meetings/appointments and add related details by using the CRM system. Also, you can add follow-up details and get a reminder so that you do not miss any of the follow-ups. Furthermore, you will get notifications of meetings and follow-up on-time and it will truly help you to close new deals. Another key point, your sales team and other responsible employees can have a complete view of the sales pipeline anytime anywhere. Automation and real-time sales and leads tracking save an enormous amount of costs and time of your business.
One of the major concerns of consulting firms is how to manage projects efficiently. The project management module makes project delivery easy that ultimately results in improved performance. Reduce complexities that arise during project management and make it easier with the automation of core processes. Odoo ERP empowers you to manage all your client’s projects effectively. Real-time tracking increases visibility across the project and gives you a clear insight into each project. You can track your projects step-by-step and get precise and accurate reports in real-time. A good project reporting system leads to the success of any project. Another key point, integrated ERP system and automation of the project management process increase billable hours and profitability. Keep track of time spent by an individual on every task within the project to know the progress of projects. Appropriate timesheet management results in enhanced project efficiency and performance.
Also, maintain proper communication with your clients to ensure them with project success. Furthermore, let them track their project's progress that will result in an improved client relationship as well as it increases client satisfaction.
Robust integration between finance, and project delivery results in improved operational efficiency. To put it another way, integration makes things clear such as how projects are delivered or how clients are billed. It is so important to understand each projects' profitability. Accurate financial reporting always enhances the quality of decision making and maximizes the profitability of the firm. From tracking budgets, timesheets, and schedules in real-time gives a clear insight into the finances of the business. Better and improved accounting gives increased ROI and makes the business financially strong. Important to realize, the budget of the project has been an important concern for consulting services and Odoo financial accounting makes it simpler that truly makes budget allocation a lot easier and efficient. It covers each financial aspect of your business and enables you to focus on growing revenue. Conveniently track finances, create the invoice, and manage payroll.