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Open-source is not a term you will hear when it comes to ERP systems. But there are a few open source ERP systems such as Odoo. While their claim of being open-source made them super popular in the development community, are they truly open-source? Well, if you look under the hood, the open-source pitch is really to grab developers' attention as the core component of ERP, such as the accounting module, is not really open source. But developers still love it. That's probably the reason why Odoo is majorly used by the IT and development community and primarily used by E-commerce companies as they tend to be development heavy. But where does Odoo stand as of today? Where do they win most?
In today's episode, we invited a panel of industry experts for a live discussion on LinkedIn to discuss major stories in the ERP and digital transformation space and an objective and independent review of Odoo's capabilities. We covered several grounds, including the features available in their open-source edition and whether there are any tangible advantages of it being open-source. Finally, we discussed the pros and cons and different cost components that need to be considered while evaluating an open-source software versus a commercial package.
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WBSRocks: Scaling Growth with AI, Enterprise Software, and Digital Transformation