Odoo Pricing Plans & Cost Guide (Jun 2024)

Odoo Review
ITQlick Score: 90/100
ITQlick Rating:
Pricing: 2.6/10 - low cost
Category: Inventory Management -> Odoo review -> Odoo pricing
Ranking:Ranked 5 out of 221 Inventory Management systems
Company: Odoo
Pricing: starts at $6 per user/month
Typical customers: SMBs
Platforms: Cloud
Links: Odoo review, Odoo alternatives
Shlomi LaviShlomi Lavi / Jun 02, 2024

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Odoo pricing: How much does it cost in 2024?

In terms of pricing, Odoo ERP offers three plans to businesses, one is free, and the other two are paid. 

  • Free: businesses opting for free plans get access to a single app and accommodate unlimited users. 

  • Standard: the standard plan prices at $7.25 per user per month (yearly) and $9.10 per user per month (monthly). This plan offers several apps alongside unlimited support, maintenance, and hosting. 

  • Custom: Starting at $10.90 per user per month (yearly) and $13.60 per user per month (monthly), the custom plan offers an option to customize Odoo as per the organizations' requirements. 

Odoo Monthly Pricing Plans

Prices and Plans Compared

This open-source and comprehensive Enterprise Resource Planning (ERP) software consists of an integrated suite of apps. It offers more than forty apps for the business to choose from, including Human Resources, Accounting, Marketing, Manufacturing, and Sales.

One of the impressive things about Odoo is that its basic plan is available for free. However, the basic plan offers limited features. There is a single app that is offered in the free plan, but it can accommodate unlimited users.

When it comes to paid plans, their offered features are more than the free plan. The standard plan gives access to all apps as well as Odoo online. Additionally, the custom plan offers all apps, Odoo online, multi-company, External API, and Ofoo studio.

This power-packed management solution can integrate easily with the website builder, CRM, POS, and numerous eCommerce apps for centralizing business processes.

One of the competitors of Odoo ERP is SAP, which offers numerous models for inventory operations, supply chain management, project management aspects, and BI.

Compared to Standard ERP, Odoo ERP offers more features, such as forecasting, integrated business operations, task management, and third-party integration. These features are missing in the Standard ERP, giving Odoo ERP an edge over it.

Odoo Yearly Pricing Plans

Which Plan Is Right for You?

Odoo ERP can be a fit for businesses that are looking for cost-effective solutions for seamless operations. Even though a free plan is a great catch, the paid plans have much more to offer. If a small business is willing to pay for the plans, it'll receive a good value for the money. That's because Odoo is described as a highly modular software with several modules and integrated solutions for businesses.

Some businesses may have more requirements than described in the modules, which means they may want to buy the plans after making some changes based on their requirements. In such a case, Odoo offers a custom plan with further additional features. All in all, Odoo ERP is designed to be flexible so that both SMEs and large businesses can adopt it.

Additional Costs

The implementation cost of Odoo depends on the type of industry; hence it may vary from one industry to another. Implementation includes server management, installation, configuration, training, module management, support, etc. complicated implementation of Odoo ERP can cost about $10,000 to $1,00,000 and take up to 6-9 months.

Odoo vs. competitors (pricing)

Software

Pricing

Free Trial 

Odoo ERP

$7.25 - $10.90 per user per month

30 days

SAP

$8 per user per month

14 days 

Netsuite 

$99 per user per month

14 days 

ERP Next 

$10 - $25 per user per month

14 days 

Acumatica

$1400 - $2800 per user per month

30 days

Microsoft Dynamics 360

$96 per user per month

30 days



Cost of software customizations

Customizing the software to meet the specific needs of the organization can be a costly process, especially if the customization requires significant development or integration work. The average cost of customization can range from a few thousand dollars to several hundred thousand dollars, depending on the complexity of the customization work.

Data migration cost Relevant for Odoo

Migrating data from old systems to the new software can be a time-consuming and costly process, especially if the data is large or complex. The average cost of data migration can range from a few thousand dollars to several hundred thousand dollars, depending on the size and complexity of the data.

Cost of training

How many groups (different departments, usages, type of users) are needed for Odoo training? Training employees to use the new software can be a significant cost, especially if the software is complex or requires specialized knowledge. The average cost of training can range from a few hundred dollars to several thousand dollars per employee, depending on the complexity of the software and the duration of the training.

Cost of maintenance

Ongoing maintenance and support for the software can be a significant cost, especially if the software requires frequent updates or has a high rate of bugs or issues. The average cost of maintenance can range from a few hundred dollars to several thousand dollars per year, depending on the complexity of the software and the level of support required.

Frequently Asked Questions (FAQs)

How much does Odoo cost per month?

Their pricing plan starts at $6 per user/month.

They offer a free trial?

No, Odoo don't offer a free trial at this time. Free trials are great because your team can test the software (at least basic features of it) in your own time without the pressure of sales teams. We hope they will offer free trials in the future.

Can I use Odoo for free?

No, Odoo don't offer a free version of their product.

Any good free alternative to Odoo?

The free alternatives of Odoo ERP include iDempiere and Dolibarr ERP. iDempiere is an open-source, user-friendly software that offers management of core business processes. Dolibarr ERP features HR, sales management, product and stock management, reporting tools, and billing.

How do I get pricing information directly from the vendor?

You can get it on their website. So why do you need us? we can help you get the total cost of implementation (not just the cost of licenses) and compare them with alternative solutions.

How can the team at ITQlick help?

The science of TCO (total cost of ownership) may not be easy to calculate. If you seek to get detailed info about the TCO, get in touch with ITQlick experts. Contact us today and get up to date, detailed quotes.

Compare

Our Veredict

Odoo ERP is one of the effective available ERP software that can improve business operations along with management. Its user interface is also easy and engaging, user-friendly, and attractive. Due to different plans and varying features, it offers services to companies of all sizes.

However, this software may require further fine-tuning in order to ensure the absence of bugs. On the other hand, its competitor, SAP, is considered a mature ERP with little to no chance of having bugs. Nevertheless, Odoo ERP is quite cheaper compared to its competitors.

Inventory Management Software Price Range

Inventory management software in the market has different pricing; hence, they can be divided into three tiers, starting from the range of $10 to $50, to the more common range of $50 to $150, and the range of $150 to $250+. These prices are set using different methods, some of which are per inventory, per stocking location, per machine, and per user. Regardless of the pricing method, inventory management software is usually billed per month or per year. For example, RunIT Real-time Cloud pricing starts from $258 per month, ParagonERP costs up to $150 per user monthly, and Inflow Inventory pricing sits around $71 monthly for two user accounts.

In addition to this, inventory management software is also priced based on the size of businesses they are targeting. For instance:

  • Small Businesses can expect to pay between $8 to around $50 for an inventory management software, depending on the number of features on the chosen product. For example, Shipstation pricing is at $9 per month, Sortly costs around $39 per month, and eTurns costs up to $40 per month. Also, some products, such as Sortly, have free offerings for small businesses.
  • Medium Businesses can expect to pay prices that fall between $50 and $150 for an Inventory Management software. However, the number of inventories, locations, users, etc., can also influence the software price. For example, Finale Inventory pricing starts from $99 per month, BoxStorm costs around $79 per month, while ParagonERP pricing is priced around $150 per month. Also, some products for medium businesses have one-time fees for perpetual licenses. An example is Acctivate Inventory which costs $5,000 for life-time usage.
  • Large Businesses can expect to pay from $200 upwards for an inventory management software. For example, ShipHero pricing starts from $1,850 per month, RUnit Real-time Cloud from $258 per month, and InfoPlus costs up to $685 per month. However, some vendors may request separate fees for installation and onboarding, depending on the size of the organization.

Inventory management software best of breeds, and their price ranges are as follows:

  • Barcoding Software The prices for barcoding software in the market can be divided into two tiers, starting from $20 to $50, and then $50 to $200. The prices are usually set per user or per assets, depending on the type of package. Billings are usually fixed monthly or yearly. For instance, eCount ERP pricing starts from $55 per month, Zangerine costs up to $199 per user monthly, and EZO Office Inventory pricing starts from $35 per month. Perpetual license can also be bought for some software like Asset Tracking Barcode System which is priced at $995.
  • Inventory Control Scheme Inventory control scheme products can be divided into three tiers, and their price ranges are $20 to $40, $40 to $80, and $80 above. The prices are either set per user, per month or per a number of set inventories per month. For example, MarginPoint Mobile Inventory starts from $89 per month, Arbimed Inventory from $100 per month, and MarketPlace Works from $49 monthly and $249 monthly for premium users.
  • Order Management Software The price ranges for order management software are $20 to $50, $50 to $100, and $100 above. The pricing for order management products are set on per order, per month or per user, per month basis. For example, Orderwerks pricing starts from $100 per month for a number of orders, InsiTV costs up to $25 per user monthly, and Caspio pricing starts from $125 per month.
  • Catalogue Management Software Most catalogue management products in the market are set on a per-user/per-month basis, and the prices range, depending on the package level, are $19 to $48, $48 to $100, and $100 above. For instance, FileStage costs around $99 per month, while Channable starts from around $39 per month based on the size of the project. Additionally, Snappi pricing starts from $20 per month or $0.99 per app usage.
  • Order Entry Software Most order entries in the market have pricing that fall between $26 to $50, and they are usually set on per user, per month or per order, per month basis. However, this is the price range for standard or entry-level offerings; more premium offerings range from $100 to $250 per month. For instance, Handshake costs $39 per user, per month, Blendzi $200 per month, and Handshake $40 per user, per month.

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.