Consider These 9 Odoo Competitors for Your Business

Enterprise resource planning (ERP) is software that companies use to manage day-to-day business processes and enable the flow of data between them. 

It collects a company’s shared transactional data from multiple sources and provides data integrity with a single source of truth. Odoo ERP is a popular platform, and there are many Odoo alternatives that are just as good.

What is Odoo ERP?

Odoo ERP is a collection of open-source business apps that provides seamless integration to cover all your business needs, from eCommerce to marketing automation, customer relationship management, accounting, project management, and point of sale. 

The Odoo platform comes as a free Community version or the highest-level SaaS subscription-based Custom plan with external API and multi-company features.

The open-source ERP model of Odoo allows a business to leverage thousands of developers and works best for small to mid-sized companies. Larger enterprises, mid-sized companies, small businesses, or startups may want to consider some of the following alternatives:

Tipalti

Tipalti AP automation software is a leading product with a user-friendly, intuitive user interface. Its unified finance automation software platform integrates with ERP or accounting software. Tipalti software solutions let customers upgrade when their businesses become more complex and require additional features. 

Tipalti automation software products have a user-friendly, intuitive user interface. Tipalti provides excellent customer support and has a 98% customer retention rate. 

Key Features

• AI-driven AP automation with paperless invoice processing 
• Self-service supplier onboarding
• Digital invoice data capture with intelligent OCR and machine learning
• 3-way or 2-way matching with purchase order and receiving data
• Approvals routing
• Simple supplier tax compliance preparation reports or optional eFiling through partnered Tax1099 software
• Global payments to 196 countries with a choice of payment method and 120 currencies
• Automated global regulatory compliance and payment reconciliation
• Ask Tipalti AIâ„  digital assistant for spend management queries
• Real-time visibility by entity and combined
• Multi-entity capabilities 

Real-time visibility and multi-entity capabilities require ERP or accounting software integration with these capabilities. 

Best for 

Tipalti automation software is best for medium-sized and enterprise companies or fast-growing small businesses seeking scalable AP and finance automation for a global, multi-entity business structure. 

Oracle NetSuite

NetSuite is a cloud ERP solution that offers a wide range of applications, including ERP, Human Resources, financials, professional services, marketing automation, and omnichannel commerce. 

More than 38,000 customers use the NetSuite platform in 200+ countries. Built-in flexibility enables a brand to scale up, spin-off, and adopt new business models. NetSuite includes a customer-facing commerce system with real-time analytics for a pixel-perfect experience. NetSuite OneWorld enables global companies to have multi-entity functionality. 

Key Features

• Extensive capabilities for financial management in a single cloud-based platform
• Optimizes activities on large-scale production with industry-specific needs
• Robust solutions for inventory management and logistics in a unified dashboard
• CRM tools to effectively handle relationships with customers and prospects
• Analytics and reporting that drives business intelligence for insights on sales volume, retention, etc.

Best for

The cost is more expensive than Odoo. NetSuite is best for mid-market and enterprise companies looking to scale their business and drive growth. 

Sage Intacct

Sage Intacct is an all-in-one cloud-based financial management solution. The accounting software system is designed to improve performance and accelerate growth with operational insights and reporting that automate critical financial processes. 

Intacct software delivers various core accounting applications, including accounts receivable, accounts payable, and cash management. 

Sage Intacct has an open API structure that provides easy integration with any CRM for your sales teams (including Salesforce), POS, third-party add-ons, or payroll. Pricing varies depending on the plan you choose.

Key Features

• Built-in reporting with real-time big data to help make better financial decisions
• Visual navigation tools and drag-and-drop functionality add to ease-of-use
• Time and expense management with global consolidation of multiple entities
• Different integrations for a variety of applications like Payroll and project management
• Cloud-based platform with no need for an IT resource to host and manage

Best for

The AICPA endorses Sage Intacct, which targets small and mid-sized businesses. The solution’s “multi-dimensional” general ledger software and reporting features differentiate it from some larger platforms.

Acumatica

Acumatica provides accounting and cloud ERP services, delivering a complete set of modules for all your business needs. The solution has a dashboard, reporting tools, centralized security, and an integrated document management system. The Acumatica pricing model includes an unlimited number of users. 

Leverage the powerful customization tools to tailor reports for existing practices and gain real-time insight into data anywhere, anytime. The extended ERP functionality helps to manage fixed assets and deferred revenues to deliver top ROI on all your tech investments.

Key Features

• Powerful financial applications that are complex enough for complex multinationals
• Deliver projects on time with the Project Accounting feature that handles complex billing rules on project attributes
• Different editions based on industry, including Distribution, Manufacturing, Field Service, and Commerce
• Customer Relationship Management (CRM) with real-time data on customer activities, quotes, and orders
• Keep track of costs by correctly accounting for WIP (work in progress)

Best for

Acumatica is a family of fully integrated business apps that work seamlessly together and is an ideal solution for mid-size businesses and non-profits. 

QuickBooks Online and Desktop

QuickBooks Desktop and Online both operate on a true double-entry accounting strategy and offer accrual or cash-basis accounting. 

Each program offers a detailed chart of accounts, bank reconciliation, journal entries, accounts receivable, accounts payable, and all the basic reporting needed to run a business. QuickBooks Desktop also has a special version specifically designed for CPAs with multiple clients.

Key Features

• All types of tracking, from income and expenses to time tracking, mileage, invoices, project profitability, and accepting payments
• Capture receipts with a smartphone, run basic reports, and automate quarterly tax estimations
• Monitor cost of goods and product levels and receive notifications when inventory is low
• Manage bills and track status, create recurring payments, and pay multiple suppliers at one time
• Maximize tax deductions and automatically sort business expenses into the right tax categories

Best for

QuickBooks targets most industries and works best for small to middle-market businesses with 25-30 users.

Microsoft Dynamics Business Central

Microsoft Dynamics 365 Business Central is an ERP product that originated as NAV (Navision) software. It is a modernized version of the legacy NAV system with database scalability and no fixed operational limit on the number of users. Dynamics 365 Business Central online is cloud software. 

Dynamics 365 Business Central on premises is the rebranding of Microsoft Dynamics NAV, which Microsoft will retire with no further support in January 2028. Microsoft stopped selling NAV to new customers in April 2019 but lets existing users purchase new licenses to fit their business needs. 

Microsoft Dynamics 365 Business Central is a comprehensive business and sales management solution that includes supply chains, invoicing, analytics, CRM, finance, social media management, and more. It possesses the same rich functionality as Microsoft NAV. Microsoft Business Central online integrates with other Microsoft apps and third-party add-ons. 

Key Features

• Adopt new business models fast and efficiently with flexible deployment, security, and reliability
• Increase financial visibility and performance with accelerated close, forecasting, and real-time performance metrics
• Connect processes, people, and insights to make better decisions with embedded guidance
• Straightforward dashboards and interoperability with all MS apps
• Boost sales and improve customer service by managing the entire end-to-end sales process

Best for

Microsoft 365 Business Central was developed for a wide range of industries, including manufacturing and distribution. It works best for small to medium-sized companies and local subsidiaries of larger groups. 

Microsoft Dynamics GP

Microsoft Dynamics GP (formerly Great Plains) delivers out-of-the-box, comprehensive business management functionality covering finances, human resources, and operations. 

The system was designed to connect an organization’s many moving parts, allowing for better visibility, control, and supervision. It’s available on-premise, public/private cloud, and hybrid.

Key Features

• Track and manage inventory, production, and vendors
• Financial management and accounting with cash, assets, liabilities, and bank reconciliation 
• Real-time analytics, dashboards, and visibility to track performance and gain actionable insights
• Manage sales opportunities and contacts
• Customizable
• Mobile app access

Best for

Small and medium-sized businesses in a wide range of industries.

SAP Business One 

SAP Business One is an ERP system for small businesses and mid-size companies (or a company subsidiary). In addition to Business One, SAP offers SAP S/4 HANA Cloud and SAP ERP as ERP choices for enterprise companies. Business One is available as a cloud or on-premises deployment and can include integration with SAP HANA and Microsoft 365. 

The SAP Business One solution is real-time. It oversees business processes company-wide and helps to manage everything from accounting and financial reporting with analytics to purchasing, inventory, production, sales, and customer relationships. SAP Business One is used in various industries, including as a manufacturing ERP. 

Key Features

• Accounting and financial reporting
• Integrated business intelligence
• Sales Analysis dashboard
• Bot technology for sales lead follow-up

Best for

SAP Business One is an affordable ERP for SMBs.

Infor SyteLine

Infor SyteLine is ERP software used by manufacturing companies ranging in size from small businesses to midsize companies and some large enterprise companies, including Dover Corporation. Infor SyteLine can be deployed in the cloud or on-premises. 

The Infor SyteLine system provides integrated business management software that includes everything from accounting to manufacturing, production and business operations, inventory management, and much more. It has a user interface that will simplify complex manufacturing processes and other tasks.

Key Features

• Accounting and financials
• Workflows and management tools for discrete and process manufacturers
• Streamlines supply chain management 
• Advanced planning
• Material requirements and inventory management
• Multi-entity

Best for

Infor SyteLine is best for manufacturing companies with complex processes and multi-entity operations. 

In Conclusion

Choosing an alternative to Odoo isn’t the difficult part. It’s really about finding the system that works for your business. If you’re reading this article, chances are you already have an idea in mind of what works best. 

Consider your top three to five basic needs for an ERP system and AP automation integration and branch out from there. It may be that a platform is affordable, but the infrastructure is not built for the type of industry you operate in. This is where research never hurts. The more time you put into comparing systems, the happier you will be with your final purchase. Book a demo for Tipalti AP automation integration with your ERP or accounting software.