Understanding the costs of setting up Odoo ERP in Singapore for better business planning.
Enterprise Resource Planning (ERP) systems like Odoo are helping businesses in Singapore become more efficient, streamlined, and growth-ready. Before starting implementation, it is important to understand the real costs involved. This includes not only the software license but also the services needed for a successful rollout.
At Pace Wisdom, we work closely with Singaporean SMEs to deliver practical, cost-effective Odoo ERP implementations tailored for local business models, operational complexity, and regulatory requirements. We also help clients navigate government support schemes such as the Productivity Solutions Grant (PSG), which can significantly reduce upfront costs and improve return on investment.
Breakdown of Odoo ERP Implementation Costs in Singapore
1. Licensing Costs
Odoo is available in two editions:
Odoo Community: Free to use, best suited for basic needs with limited modules.
Odoo Enterprise: Approx. SGD 32 per user/month, includes advanced modules and official support.
Most businesses in Singapore opt for the Enterprise version because of its reliability, features, and eligibility for PSG funding.
2. Hosting Options
Depending on your business preferences, you can choose:
Odoo Online (SaaS): Hosted by Odoo, suitable for simple use cases.
Odoo.sh: Managed cloud hosting for developers and businesses with integration needs.
On-premise: Suitable for businesses with strict data residency or infrastructure preferences.
Costs vary based on hosting option and user volume. Many of our clients choose Odoo.sh for flexibility without the need to manage infrastructure.
3. Customization and Integration Costs
Every business has different workflows. At Pace Wisdom, we’ve implemented projects ranging from basic setups to fully tailored solutions:
Basic Setup (Retail, Services): Around 50 to 100 hours of customization to configure modules, workflows, and branding. Estimated cost: SGD 7,000–15,000
Advanced Setup (Manufacturing, Logistics, Healthcare): These projects require deeper integration with IoT devices, WMS, and external platforms. Customization needs may exceed 400–600 hours, especially when building custom apps or reports. Estimated cost: SGD 50,000–120,000
Examples of local integrations we support:
PayNow QR on invoices
Shopify and Lazada store sync
Local logistics partners (e.g., Ninja Van, Qxpress)
Accounting systems aligned with Singapore Financial Reporting Standards (SFRS)
4. Data Migration
Bringing data from your existing systems into Odoo requires careful planning. We handle:
Chart of accounts
Customer and vendor lists
Inventory and stock levels
Past transactions
For a standard migration, expect 20 to 80 hours, depending on data complexity. Larger migrations with unstructured data or legacy systems may require additional data cleaning.
5. Training Costs
We provide role-based training tailored to your team structure:
Small Teams (5–10 users): 2–3 sessions, including hands-on exercises. Cost: SGD 2,000–3,500
Mid-sized Teams (10–25 users): Department-specific training and guided implementation support. Cost: SGD 5,000–8,000
Ongoing Support: Includes refresher sessions and training for new hires, typically part of our Annual Support Contracts.
6. Ongoing Maintenance and Support
Post-implementation support is crucial for smooth operations. Our support packages include:
Bug fixes and system updates
Report modifications
Helpdesk support
Feature enhancements
Typical support costs: 15–20% of your total implementation cost annually.
Functionalities That Impact ERP Costs
Odoo’s modular nature means you only pay for what you need. Some modules are more complex than others and can influence cost:
Inventory & Warehouse Management: Real-time tracking and storage optimization
Payroll & HR: Supports MOM regulations and direct submissions to the CPF Board
All modules are GST-compliant, and reports are structured for IRAS filings. Our team also helps you configure IRAS-Audit File (IAF) generation for tax compliance.
Maximising ROI from Your ERP Investment
At Pace Wisdom, we don’t just implement Odoo. We work with you to ensure it delivers measurable returns.
Our ROI-focused approach includes:
Faster invoice-to-cash cycles through automated approvals
Reduced operational queries via centralised dashboards
Improved sales performance using real-time pipeline visibility
Lower manpower dependency by automating recurring workflows
Improved audit readiness and reduced compliance errors
We track KPIs with your team post-launch and help tweak dashboards, workflows, and integrations to improve day-to-day performance.
Real-World Example: Odoo for a Singapore Retail Brand
One of our recent clients, a local health and wellness retail chain, needed a unified system across three outlets and their online store. We implemented Odoo CRM, Sales, Inventory, and Accounting modules with Shopify and PayNow integration. The team was fully trained within 10 days, and they went live in 6 weeks.
Within three months, they saw:
A 30% drop in customer query resolution time
Faster order fulfilment with real-time stock sync
Improved cash flow visibility and reduced manual billing errors
Government Support: PSG Grant for Odoo in Singapore
The Productivity Solutions Grant (PSG) supports local SMEs adopting IT solutions. Odoo is a pre-approved solution under PSG for selected sectors like retail, logistics, F&B, and professional services.
What this means for you:
Up to 50% funding on qualifying costs
Covers implementation, training, and support
Eligibility: Singapore-registered SME with a minimum 30% local shareholding and annual sales turnover under SGD 100 million
Pace Wisdom can guide you through the application process and help you ensure your solution qualifies for grant support.
Final Thoughts: Make Odoo Work for You
Implementing ERP is a big step, but with the right partner, it becomes a growth catalyst. At Pace Wisdom, we offer end-to-end consulting, localised configurations, and post-launch support to ensure you get full value from your investment.
Whether you’re just starting or upgrading from legacy systems, we help you:
Control costs
Meet compliance standards
Improve team efficiency
Scale with confidence
Book a consultation with our Odoo specialists to understand how we can tailor a solution for your business in Singapore.
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