Products OdooERP Accounting Software
Odoo Payment Management
What is Odoo Payment Management? Features Benefits Challenges Pricing Resources
What is Odoo Payment Management?
Odoo payment management provides flexible options for making and receiving payments — that saves time, reduces processing costs and improves cash flow. Companies can use an already-integrated solution to accept customer payments via credit card, direct debit or one of the many payment services supported. Outbound payment features include online bill pay, ACH payments, direct deposit and other electronic funds transfer (EFT) options.
Go Paperless
Because they’re electronic, credit card, debit and EFT payments are faster and more reliable than checks. There’s no paper to track, and funds are transferred quickly.
Save time, reduce processing costs and get paid faster
Odoo Payment Management Features
Odoo provides support for online and offline payment methods, giving you greater flexibility while reducing processing costs.
" We decided to switch to Odoo because we wanted a system to support where the business was going. "
Kevin Moore
Controller, Brex
Odoo Payment Management Benefits
Increased Cash Visibility. Monitor cash inflows and outflows in real time to make more informed cash management decisions.
Better Supplier Relationships. Improve communications and avoid distracting calls from suppliers by sending automatic alerts when invoices are paid.
Fewer Errors. Eliminate duplicate data entry and minimize errors by managing payment processes within a single system.
Incremental Savings. Take advantage of early-payment discount opportunities by reducing the amount of time required to process vendor invoices.
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See How Odoo Can Help You With Your Role
Challenges Odoo Payment Management Solves
Payment Delays. Get paid faster and improve cash flow by giving customers a wide range of electronic payment options.
High Processing Costs. Reduce the cost of processing vendor invoices by eliminating the need to print and mail paper checks.
Data Security. Odoo is a registered PCI DSS-compliant service provider, which reduces the overhead associated with PCI compliance.
Business Complexity. Multicurrency, multilanguage and multiformat capabilities simplify management of local and international payments.
How Much Does Odoo Payment Management Cost?
Companies of every size, from pre-revenue startups to fast-growing businesses, are choosing Odoo as a flexible and cost-effective way to manage operations. The best part? Odoo Community Edition is completely free and open-source – including its order management capabilities.
There are no annual license fees. You can download, install, and start using the core platform and modules like sales, inventory, and order management at no cost. As your business evolves, you have the flexibility to customize and expand the system with additional modules or professional support when needed.
With Odoo’s open-source model, you maintain full control over your system while benefiting from a powerful, scalable ERP platform — all without the high price tag of traditional enterprise software.
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Resources
Data Sheets
Access specifications, features and benefits of Odoo payment management solutions.
Essential Learning
Discover best practices and learn more about payment management from beginner to advanced levels.