Odoo

Not to be confused with Oppo or Oddo.

Open source ERP, CRM and CMS

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Odoo

Original author(s)| Fabien Pinckaers
Developer(s)| Odoo S.A., Community
Initial release| February 2005; 19 years ago (2005-02)
Stable release|

17.0 / October 2023; 10 months ago (2023-10)[1][2]

Preview release|

master

Repository|

* github.com/odoo/odoo

Written in| JavaScript, Python
Operating system| Linux, Unix-like, OS X, Windows, iOS, Android
Type| ERP, CRM, Accounting, CMS, E-commerce
License| "Community" version: GNU Lesser General Public License v3
"Enterprise" version: Proprietary license
Website| https://www.odoo.com[3]

Odoo is a Belgian suite of business management software tools that include customer relationship management, e-commerce, billing, accounting, manufacturing, warehouse, project management, and inventory management.

During the Odoo Experience event in October 2022, Fabien Pinckaers announced that Odoo would make all applications available for free in the enterprise edition.

The Community version is libre software, licensed under the GNU LGPLv3. The Enterprise version has proprietary extra features and services. The source code for the framework and core enterprise resource planning modules is developed by the Belgium-based Odoo S.A. Odoo is available for both on-premises and ready-to-use SaaS environments. The source code for the OpenObject framework and the core ERP modules are provided by Belgium-based Odoo S.A.

## Overview

[edit]

From inception, Odoo S.A (formerly OpenERP S.A) has released the core software as open source.[4] Since the V9.0 release, the company has transitioned to an open core model, which provides subscription-based proprietary enterprise software and cloud-hosted software as a service, in addition to the open source version. In 2013, the not-for-profit Odoo Community Association was formed to promote the widespread use of Odoo and to support the collaborative development of Odoo features.[5]

Odoo's extensible architecture allows a large number of freelancers and organizations to develop Odoo Apps or Modules and place them in the marketplace for sale or to be downloaded for free. The main Odoo components are the framework, about 30 core applications (also called official modules), and thousands of community modules.

Odoo has been used as a component of university courses.[6] A study on experimental learning suggested that Odoo (then known as OpenERP[7]) provides a suitable alternative to proprietary systems to supplement teaching.

Several books have been written about Odoo, some covering specific areas such as accounting or development.[8][9][10]

### Version support

[edit]

The last three Long Term Support versions (LTS) are supported in parallel. This means that when a new, fourth LTS version is released, the oldest version will reach the end of its useful life and will no longer be supported. As an example, 15.0 LTS is supported along with 16.0 LTS and 17.0 LTS, but 15.0 will reach End of Life when 18.0 LTS is released.[11]

## History

[edit]

In 2005, Fabien Pinckaers, the founder and current CEO of Odoo, started to develop his first software product, TinyERP. Three years later, the name was changed to OpenERP. The company started to grow quickly and in 2010, OpenERP had become a 100+ employee company.[12][13]

In 2013, the company won a Deloitte award for being the fastest-growing company in Belgium, with 1,549% growth over five years.[14]

In 2014, the company was renamed Odoo, to differentiate itself from the term "ERP".[15] In 2015, Inc. Magazine placed Odoo in the top 5,000 fastest-growing private companies in Europe.[16]

In 2019, the company raised a $90 million investment.[17]

In 2021, Odoo products were used by more than 5 million customers.[18] Odoo expected to hire 1,000 new employees, according to CEO Fabien Pinckaers.[19][20]

In 2023, Odoo launched Odoo 17, with significant UI changes and some new functionality, particularly within the restaurant space. The release included the integration of WhatsApp and a substantially improved Point of Sale (POS) module by introducing features like self-ordering, a restaurant app, and a kitchen display app. Odoo also added meeting room management and front desk functionalities to modules.

## Reception

[edit]

Odoo has received industry recognition for powerful and versatile Enterprise Resource Planning (ERP) system.[21] Before its name change, it received awards as OpenERP including Trends Gazelle, Deloitte Technology Fast 50 Award[22] and the InfoWorld's BOSSIE Award 2013.[23] After changing its name to Odoo, it won consecutive BOSSIE Awards in 2014,[24] 2015,[25] and 2016.[26]

## See also

[edit]

* Free and open-source software portal

* Comparison of accounting software
* List of free and open source ERP packages
* List of free and open source software packages
* List of free and open source software packages concerning finance

## References

[edit]

1. ^ "Odoo Release Notes". Retrieved 22 November 2022.
2. ^ "Odoo Nightly builds". Retrieved 22 November 2022.
3. ^ https://api.github.com/repos/odoo/odoo. Retrieved 8 January 2017. `{{cite web}}`: Missing or empty `|title=` (help)
4. ^ Ganesh, Amal; Shanil, K.N.; Sunitha, C.; Midhundas, A.M. (2016). "OpenERP/Odoo - an Open Source Concept to ERP Solution". 2016 IEEE 6th International Conference on Advanced Computing (IACC). 2016 IEEE 6th International Conference on Advanced Computing (IACC). pp. 112–116. doi:10.1109/IACC.2016.30. ISBN 978-1-4673-8286-1. S2CID 17852685.`{{cite book}}`: CS1 maint: location (link) CS1 maint: location missing publisher (link)
5. ^ "How I Grew From 1 To 250 Employees In A Few Years". www.linkedin.com. Retrieved 2022-06-17.
6. ^ "Syllabus, Winter 2009" (PDF). www.fsa.ulaval.ca. Retrieved June 26, 2015.[dead link]
7. ^ "Experiential Learning with an Open-Source Enterprise System". aisel.aisnet.org. Retrieved June 26, 2015.
8. ^ Moss, Gregory (2015). Working with Odoo. Packt. ISBN 978-1784394554.
9. ^ Mader, Greg (2015). Financial Accounting with Odoo: Versions 6, 7, and 8. CreateSpace Independent Publishing Platform. ISBN 978-1508737568.
10. ^ Reis, Daniel (2015). Odoo Development Essentials. Packt. ISBN 978-1784392796.
11. ^ "More than ever, Odoo has it all. | Odoo". Odoo S.A. 2015-10-01. Retrieved 2022-06-17.
12. ^ Jaikumar Vijayan (October 21, 2010). "OpenERP aims to impress U.S. market". Computerworld. Archived from the original on July 5, 2018. Retrieved July 27, 2015.
13. ^ roxannevarza (17 February 2010). "OpenERP gets €3 million for US expansion". TechCrunch. AOL. Retrieved July 27, 2015.
14. ^ "How I Grew from 1 to 250 Employees in a Few Years". Retrieved January 26, 2017.
15. ^ "The Odoo Story". 16 April 2013. Retrieved January 26, 2017.
16. ^ "Inc 5000 rating for Odoo". Archived from the original on May 25, 2021. Retrieved March 8, 2018.
17. ^ "Odoo grabs $90M to sell more SMEs on its business app suite". techcrunch.com. 17 December 2019. Retrieved August 2, 2021.
18. ^ "17 Best Warehouse Inventory Management Software in 2021". founderjar.com. 23 June 2021. Retrieved August 2, 2021.
19. ^ "Odoo charge le Forum de dénicher 200 développeurs". lalibre.be. Retrieved August 2, 2021.
20. ^ "Many startups in Buffalo are growing. Will they find employees to fill their open roles?". bizjournals.com. Retrieved August 2, 2021.
21. ^ Kumari, Priya (17 October 2023). "From Setup to Success: Best Practices for Odoo ERP Implementation". Ahex Technologies. Ajay Hooda. Retrieved 17 October 2023.
22. ^ "Ranking Technology Fast50 2012". Archived from the original on November 14, 2020. Retrieved March 8, 2018.
23. ^ InfoWorld staff (September 17, 2013). "Bossie Awards 2013: The best open source applications". InfoWorld. Retrieved July 27, 2015.
24. ^ "Bossie Awards 2014: The best open source applications". www.infoworld.com. 29 September 2014. Retrieved 17 December 2017.
25. ^ "Bossie Award 2015 slide3". www.infoworld.com. 16 September 2015. Retrieved 17 December 2017.
26. ^ "Bossie Award 2016 slide6". www.infoworld.com. 21 September 2016. Retrieved 17 December 2017.

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