Odoo – an open-source platform – was introduced in 2004. Apart from standard ERP modules, it embraces a diverse range of various processes. Being a web-based system, it can be operated from several devices, such as cell phones, PCs, etc., with a high-speed internet connection. You get multi-currency and multi-tax support with Odoo’s advanced ERP features. Firms relying on AI for Odoo development have witnessed exceptional results in some of the core business segments, such as cost management.
Some of the intelligent ways Odoo has utilized AI
The latest version of Odoo i.e., Odoo 17 implemented an intriguing approach during the integration of AI in ERP operations. It has in store standard features that would assist you in simplifying various tasks.
| Feature | How it helps |
| ChatGPT Integration | Integrating generative AI with Odoo would assist users in crafting articles and creating text to ensure seamless content creation. The latest version of Odoo i.e., Odoo 17 integrates ChatGPT across various domains, such as marketing apps, knowledge apps, and communication tools including email templates. |
| Invoice Automation with OCR | Odoo currently leverages AI to design invoices swiftly and accurately. Automated invoice in the latest version of Odoo implies that the system is capable of scanning documents and examining them for errors. Doing so helps in sorting and preserving single mail into huge batches. It seamlessly blends automated AI-powered processes featuring less manual validation. This is to make sure that invoices raised by regular vendors are accurate. |
| Auto Reconciliation in Accounting | In the earlier versions, Odoo prompted the users to leverage widgets and carry out reconciliations in accounting manually. At present, Odoo 17 has simplified the process of reconciliation by leveraging AI. It eliminated the process of the manual widget and replaced it with a new one for write-off entries. Auto reconciliation indicates that each entry about a financial record will be chosen and marked automatically. |
| Stock Forecasting and Its Automated Restoration | The latest version of Odoo 17 scans historical data and compares it with the previous sales data, market trends, and supplier lead times. Besides, it would take into consideration external factors, such as designing a demand forecast for future products. By anticipating inventory levels and harnessing AI, Odoo would assist in eliminating understocking. |
| Layout Suggestions and Chatbot | The website builder of Odoo has been inspired by AI right from the integration of ChatGPT for copywriting and development of web content to automated layout suggestions within an AI-powered website builder. With the advent of a highly responsive AI chatbot backed by AI, the demand for live operators to respond instantly has been eliminated. |
The usage statistics of Odoo are depicted in the chart given below:
Benefits of AI-powered Odoo business apps
An Odoo development proficient in AI features can offer their in-depth knowledge and tailored customization within Odoo. We will go through the benefits that a firm can get via the AI-backed Odoo business app:
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Product Recommendations
An AI development company can help you design products along with service recommendations to discerning customers based on prior clicks, purchases, and vested interests. This way, AI-powered frameworks would boost customer experience and enhance sales turnover.
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Customer Behavior and Analytics
These apps can evaluate customer data and offer valuable suggestions based on the interests and behavior of a customer. They would also help a firm in personalizing marketing efforts.
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Predictive Analytics
Machine learning services can assist firms in predicting marketing patterns, client proclivity, and product requests with Odoo ERP frameworks. This process is possible based on the speed and dexterity of an association.
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Dynamic Pricing Trend Prediction
Upcoming fashion trends for a specific item category can be recognized through analyzing, interpreting, and collecting data from genuine sources. This would include social media marketing and e-commerce sites.
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Next Best Action
The next best action would help in ascertaining whether a client is still connected with your firm. If they are not, it can help you figure out the best ways to retain them, such as sending an email regarding a new offer that might arouse their interest.
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Enhanced Customer Experience
Making sure customers are happy is crucial for any business to thrive. Several business concerns would benefit from the capacity of Odoo AI to amplify customer service through automated customer interactions.
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Chatbots
Adequate time can be saved by leveraging chatbots. They deliver an instant response to clients’ concerns. The information collected is used to adapt the question in real time.
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Personalization
By leveraging Odoo AI, a company can optimize user experiences and reap the rewards. This is possible through examining the customer behavior and offering suggestions that would intrigue an individual.
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HR Management
The HR of Odoo features AI tools that would assist in screening candidates and reviewing the performance of employees. Besides, AI can suggest strategies regarding how to manage HR.
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Detecting fraudulent activities
The e-commerce and payment processing modules of Odoo are capable of tracking fraudulent activities by harnessing AI algorithms, including fake orders and dubious transactions.
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AI procurement optimization
Through verification of historical data, AI could recommend ideal vendors, pricing, and quantity to amplify the procurement process.
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Email marketing
Email marketing efforts may reach a higher level when backed by the AI algorithm’s capacity to classify contacts, anticipate consumer behavior, and optimize email content. AI-backed solutions are often helpful for firms in assessing customer behavior and engaging more people.
Conclusion
Odoo ERP system is a complete set of business applications for various purposes such as sales, warehouse, project, inventory, CRM, human resource, and financial accounting management. With Odoo, you could seamlessly and affordably customize solutions catering to the requirements of a business with minimum programming. So, don’t wait! Appoint an Odoo partner to build your business app right now!
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