Saudi Arabia’s plastic bottle cap manufacturer operates efficiently with Odoo

Uncanny Consulting LLP’s latest endeavor to resolve operational bottlenecks takes us to the Middle East. Our latest collaboration is with SAICO, a leading producer of plastic bottle caps in Saudi Arabia. The strategic partnership between Uncanny and Optimal Connectivity aimed to replace the manual and time-consuming process of sales and accounting with an intelligent ERP. SAICO relied heavily on traditional accounting methods, such as spreadsheet tools, email communication, and standalone software. Our team of experts, led by POC Krupali, navigated through the ongoing challenges and implemented Odoo’s sales, expense, and purchase modules to ensure streamlined management and sales.

Manual & Time-consuming Processes

The organization relied heavily on manual Excel inputs and paperwork to manage production, financial, backend, and stock transactions. Using traditional accounting systems further increased the chances of calculation errors.

Inefficient Inventory Management

Inefficient inventory tracking resulted in a faulty system that was prone to errors. This led to stockouts, overstocking, or wasted resources, which in turn caused production delays or excess costs.

Cost Management Problems

The organization did not actively track material, overhead, and labor costs. The absence of such crucial parameters resulted in an incorrect cost of production, which ultimately affected the organization's balance sheet.

Scaling Issues

Lack of transparency in operations across the workflow further hindered the ability to scale processes seamlessly as the business grew. This resulted in declining system growth, contributing to incorrect outputs.

Sales & Purchase Forecast

The organization's lack of proper sales and inventory data resulted in an incorrect purchase and sale forecast. This resulted in improper stocks and wasted resources, affecting overall profits.

Purchase Module

The integration of the Odoo purchase module helped the organization align its existing systems with the workflow. Access to purchase orders, quotations, and suppliers further improved transparency in operations.

• Purchase Order Management
• Supplier Management
• Quotation Requests
• Supplier Price Lists
• Vendor Bill Matching
• Supplier Payment Management
• Purchase Reporting

Expense Module

Access to the expense modules will allow the organization to gain real-time insight into spending. It will help them create detailed reports on the categories and understand the spending within each category, as well as the approvals.

• Expense Report
• Expense Categories
• Expense Approvals
• Expense Reimbursement
• Expense Reporting

Accounting Module

When integrated with the ERP system, the accounting model enabled the manufacturer to track sales and revenue. Adding the module to Odoo simplified asset management.

• Sales Invoices & Vendor bills
• Fixed assets management
• General Ledger, Partner Ledger
• Bank Reconciliation
• Multi-currency management

Customer Payments & Vendor Payments

Access to multiple vendor payments revitalized existing sales. It allowed customers to pay at their convenience, increasing the number of orders and revenue.

• Chart of Accounts, journals, and taxes set up as per Saudi Arabia localization
• Financial Reports - P/L, Balance sheet, Cash flow, Trial balance, VAT Tax report, etc
• Multi Languages support

ODOO-ZATCA Intgeration

Integrating the Odoo Accounting system with the Zakat Tax and Customs Authority (ZATCA) Portal to manage the automatic synchronization of the invoices created in Odoo.

Streamlined Procurement Process

The purchase module automates supplier management, purchase orders, and payments to reduce human errors. It further improved vendor relationships and ensured timely procurement for continuous company operations.

Cost Control & Transparency

The expenditure module enabled category monitoring, approvals, and reimbursements, providing clear visibility into business spending. Real-time reporting further reduced fraud and boosted financial decision-making.

Accurate & Compliant Accounting

The accounting module ensured tax compliance with Saudi Arabia's ZATCA requirements, facilitated multi-currency transactions, and streamlined financial reporting to enhance transparency and inform decision-making.

Seamless Vendor & Supplier Management

Automating supplier pricing lists, purchase receipts, and bill matching reduces procurement costs and assures consistency. It also strengthened supplier relationships, resulting in increased efficiency.

Enhanced Financial Insights & Reporting

Comprehensive profit and loss statements, balance sheets, and cash flow reports provided real-time financial insights. It allowed organizations to make decisions about data-driven growth and economic stability.

User Acceptance

Training the team to transition from manual processes to the new ERP system was challenging as the workforce had to adapt from existing systems to a new software suite.

Data Migration

Migrating existing data from legacy systems, such as Excel, into the new Odoo ERP was a significant challenge, as the information had to be reconciled multiple times during the migration process.

Recording Financial Transactions

As they had moved from Excel to a new system, our team faced the challenge of training staff and educating them on how to enter financial data efficiently in the ERP.

The latest modules and new ERP were the perfect fit for SAICO’s modernized manufacturing operations. Our Odoo integrations helped them transform their operations by 360 degrees, simplifying their workflow and enabling the organization to scale towards a brighter future.