Ventures Platform, established in 2015, is a leading innovation-driven organisation dedicated to building and fostering early-stage startups across Africa. With a mission to catalyse innovation and entrepreneurship, Ventures Platform has become a cornerstone of the African tech ecosystem, supporting startups through investment, mentorship, and community-building initiatives.
Operating as a hybrid entity; venture capital fund, startup accelerator, and innovation hub, Ventures Platform is known for its hands-on approach to nurturing startups and driving impactful innovations.
Encounter with erpSOFTapp
Faced with the need for real-time information and improved operational efficiency, Ventures Platform sought a seamless, paperless system to overcome challenges in data accuracy and financial record-keeping. After a thorough search and consultation process, Ventures Platform selected erpSOFTapp as their trusted Odoo ERP partner.
With erpSOFTapp’s tailored approach and expertise, Ventures Platform implemented Odoo ERP to optimise operations, improve data precision, and create a fully integrated, paperless environment.
Challenges before Odoo Implementation
Ventures Platform, as a key player in the Venture Capital and Investment Services industry faced a number of challenges such as:
- Economic volatility
- Intense competition
- Regulatory compliance
- Operational inefficiencies
To address these complexities, they turned to Odoo ERP, implemented by erpSOFTapp. The partnership enabled Ventures Platform to:
- Streamline operations
- Enhance data accuracy
- Gain real-time insights for smarter decision-making
- Adapt swiftly to market changes
This partnership positions Ventures Platform to overcome industry challenges, maintain a competitive edge, and drive sustained growth and innovation across its portfolio.
Key Operational Tools
One wonderful thing about Odoo is that companies and businesses can subscribe to use only tools necessary for their day-to-day operations.
The key tools (modules) utilised by Ventures platform include the Website, Sales, Purchase, Inventory, and Subscriptions modules, as well as the suite of financial applications.
- The SALES Module utilises customer-specific price lists, allowing users to specify the exact products and amounts applicable to each customer. It manages the entire sales process, from quotation to sales order, and oversees the delivery and invoicing of sold items.
- The PURCHASE Module proactively oversees purchase agreements, quotations, vendor management, and purchase orders, providing tools to oversee purchase tenders, automate replenishment, and track orders efficiently.
- The INVENTORY Module functions autonomously, allowing users to set up warehouses, manage locations, organise products, and perform quality control.
- The WEBSITE Module oversees website pages, blog posts, and form submissions, optimising content for search engines and monitoring visitor interactions.
- The SUBSCRIPTIONS Module tracks subscription plans, customer renewals, and recurring invoices, automating billing cycles and monitoring subscription metrics.
- The INVOICING Module handles invoice creation, distribution, and payment management in a centralised platform.
- The ACCOUNTING Module delivers comprehensive accounting functionality, including AI-driven invoice recognition, bank account synchronisation, and intelligent transaction matching.
Ventures Platform’s Achievements with Odoo
With the adoption of Odoo, Ventures Platform has realised remarkable advancements across its operations. Real-time data accessibility has empowered the organisation to identify key areas for improvement while ensuring comprehensive data integrity throughout the enterprise. The implementation has notably fueled significant growth in new member subscriptions, underscoring its transformative impact. Furthermore, Ventures Platform has achieved greater operational efficiency through optimised processes, enabled by erpSOFTapp's expert guidance and seamless implementation approach. These accomplishments highlight erpSOFTapp's unwavering dedication to delivering innovative solutions and exceptional client support, paving the way for Ventures Platform's sustained growth and forward-thinking innovation.
Here's what the Head of fund operations at Ventures Platform expressed:
"Since 2017, erpSOFTapp has been a trusted partner, delivering exceptional service and expertise that has driven our Odoo implementation success, providing a solid foundation for growth and efficiency. As we look to upgrade to V18, we appreciate their ongoing support and guidance."
— Matthew Akano, Head of fund operations, Ventures Platform.
Conclusion
Ventures Platform remains a beacon of innovation in Africa, leveraging Odoo ERP to empower startups and shape the continent’s tech ecosystem. By fostering collaboration and driving impactful investments, Ventures Platform is unlocking Africa’s immense potential and setting the stage for sustained growth and innovation.
Company Name: Ventures Platform
Location: Nigeria
Industry: Venture Capital, Technology, and Entrepreneurship.
Apps: Website, Subscription, Human Resources, Purchases, Accounting, Members, Project, and more.
Odoo Users: 18
Hosting type: On Premises.
Ventures Platform Leverages Odoo for Operational Success: A Case Study