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Odoo Global Business Management

Manage multiple subsidiaries, business units and legal entities, domestic or international from a single solution. Standardize your processes, gain visibility across geographies and ensure compliance.

​What is Odoo Accounting Software?        Benefits        Features        Challenges        OdooSuccess        Pricing        Resources 

What is Odoo Global Business Management? 

With Odoo, companies can manage multiple subsidiaries, business units and legal entities from a single, AI-powered ERP. With users in 219 countries and dependent territories, Odoo is a truly global solution. Support for 27 languages and 190 currencies makes it easy to work with customers and suppliers around the world, while country-specific configurations help ensure compliance with local accounting, tax and business standards. Gain real-time visibility into operational and financial performance while standardizing core processes, managing risk and controlling costs at all levels of the organization.

Ensure Compliance

Built to support both global standards and country-specific audit and tax requirements, Odoo eases compliance with complex, ever-changing rules and regulations. Odoo accounts are hosted in a single data center in the region of your choosing, to streamline data residency.


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Odoo Global Business Management Benefits

 

Standardize Processes. Ensure consistency across the organization by standardizing core business processes and workflows. 

Improved Reporting. Real-time consolidation at local, regional and global levels improves the timeliness and accuracy of financial statements. 

Simplified Administration. Eliminate the cost and complexity of supporting multiple ERP systems in different locations, with different data formats and inconsistent data standards.

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Odoo Global Business Management Features

Odoo helps companies manage global operations, including multiple currencies, taxation rules and reporting requirements, across geographies and subsidiaries while providing real-time financial consolidation and visibility.

Multi-Currency 

Odoo currency management supports more than 190 currencies and exchange rates and a wide variety of payment options, enabling you to do business with customers and suppliers globally. Real-time currency conversion and financial consolidation support global operations. With Odoo, international businesses gain broad insights by restating currencies and consolidating financial reporting across business units.

Multi-Language 

Translated in 27 languages, including Chinese, Japanese, French, German and many more, Odoo's multi-language user interface helps bridge communication barriers and provides a flexible hierarchy that allows businesses to run their entire entity structures with ease.

Global Accounting and Consolidation 

Multi-book accounting enables the use of multiple sets of books to accommodate differences in accounting and financial reporting requirements at local, regional and headquarters level. Because individual transactions can be posted to multiple books simultaneously, they’re recorded correctly under all applicable accounting standards.

Consolidated Financial Statements 

Odoo automatically posts each transaction at the local and headquarters level, simplifying the process of generating consolidated financial statements. Odoo's unified platform and multi-entity capabilities support a standardized general ledger structure at the corporate or headquarters level while giving regional business units or subsidiaries the flexibility to create custom charts of accounts. Transactions recorded at the local level are automatically mapped and posted to the parent account in the correct currency and at the appropriate exchange rate.

Indirect Tax Management 

Odoo's configurable tax engine, SuiteTax, provides global tax management through a simple, easy-to-use system that automates the entire tax compliance process, saving time, reducing errors and minimizing costs. With preconfigured tax codes and localized reporting for more than 110 countries, Odoo provides detailed, real-time analysis of financial transactions down to individual line-item tax details. Calculate taxes in real-time on sales and purchase transactions, including cross-border sales, and adhere to Intrastat reporting obligations between EU countries. The ability to file reports electronically makes the installation of stand-alone tax engines unnecessary for many businesses.

Audit and Compliance Reporting 

Odoo's Governance, Risk and Compliance (GRC) solutions help ensure compliance with international IT and security standards. An always-on audit trail, built-in analytics, access logs and automated workflows streamline documentation and reporting of systems, resources, risks and controls. Odoo simplifies Sarbanes-Oxley (SOX) and similar compliance obligations by supporting standardization and consistent reporting across your entire organization. Full drill-downs, from summary reports to underlying transaction details, provide transparency and demonstrate on-going compliance with local statutory reporting, tax and audit requirements.

Electronic Payments 

Odoo Electronic Payments enables you to pay vendor bills and employee expenses across the globe directly from Odoo, as well as take payments directly from customers. Automated processing puts payments or direct debits into each bank's predefined file format, ready to import into banking software or submit to the bank online. That lowers payment processing expenses by eliminating checks, postage and envelopes and saves time, too.

Challenges Odoo Global Business Management Solves

 

Meeting Global Regulatory Requirements. Manage global operations and comply with local tax regulations, multiple accounting standards and complex reporting requirements wherever you do business. 

Managing Currency Fluctuations. Automatically post international transactions in both the local and standard currencies in real-time at the correct rate. 

Difficulty Closing the Books. Transactions automatically post at both the subsidiary and headquarters levels, accelerating the close process and simplifying consolidations.​

 
84% 

of surveyed Odoo customers saved 5-8 hours on intercompany netting and eliminations per month.

 
100%

of surveyed Odoo customers confirmed that they have saved more than 6 days per month producing consolidated financials.​

 
63%

of surveyed customers said since using Odoo they’ve benefited from time saved producing consolidated financial statements.

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business module with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize Odoo to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.


Odoo – Your proven path to success

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How Much Does Odoo Global Business 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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