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Re: Inquiry on Preferred BI Tools and Connection Methods for Odoo

Re: Elimination of multi-company transactions

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Re: Elimination of multi-company transactions

by
Xpansa Group, Oleg Kuryan
- 17/01/2024 10:01:34
Hello,

About Odoo consolidation/multi-company. This is indeed in standard good only for basic needs. Though OCA did a great job to improve it. But because it is opensource not everything is migrated to latest version:
1) Like consolidation module that Pedro have sent you might check (but only available for Odoo 14) 
2) For multi company improvements check this repository https://github.com/OCA/multi-company (from amount of modules you may see how many gaps there are)
3) I in general encourage you to at least once per quarter check what's new in repositories here https://github.com/oca 
4) In my company experience we ended up our own consolidation approach that works for our managerial accounting so I can see company financial KPIs across branches/departments/service lines etc. in single currency (and I can say this is quite a struggle as if you work in different currencies (we work with 3 currencies) you will end up with lots of challenges related to exchange rates difference in order to have proper consolidated view for standard reports in single currency.

About other topics on if Odoo is a ready solution or not. Also I do not want to start a long discussion. But still want to say that Odoo is selected not because it is ready OOTB solution, but because: 
(1) it can be adapted to your needs easily (because of framework and popular programming language)
(2) it has great community (BTW, if you see Odoo comparison with other software like with Accounting, CRM and etc - then what you need to understand that if it is no done by Odoo themselves, it is based on feedback by Odoo community - that is very active and vote very active for Odoo - and this is really strong point of Odoo, not features)

I guess you might be misled by Odoo marketing. I suggest not to pay too much attention to it - this is just marketing (though I agree it is confusing).
When choosing Odoo you need to understand what it is all about and what you are purchasing. I would say that Odoo is a LEGO constructor (not Business solution, but a business framework). I wrote an article about it some time ago and it is still valid https://www.linkedin.com/pulse/odoo-really-saporacle-killer-oleg-kuryan/

Once you understand the above, there will be no confusion. To convert Odoo into ERP for your company (if it is not a small company around 1-5 employees) you require quite a bit of investment. This is a photo from the Odoo conference from 2022. To understand pretty much about average costs of the project (not including license cost). Also you can read more about Total Cost of Ownership in this article https://ventor.tech/odoo/the-true-cost-of-odoo-erp-pricing-and-ownership-insights/
Odoo-experience-2021-2023-09-20T155840.664.jpg



On Wed, Jan 17, 2024 at 9:27 AM Pedro M. Baeza <notifications@odoo-community.org> wrote:

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