The future of accounting

The future of accounting

Accounting is undergoing an unprecedented digital revolution. With the advent of digitalization, manual processes are giving way to automated, optimized tools capable of adapting to new regulatory requirements and market expectations. Odoo, the open source ERP platform, is positioning itself as a key player in this transformation, thanks to a number of strategic integrations. These include Peppol, PDS 2 and Codabox, which are essential for modernising and simplifying accounting management.

1. Peppol: universal electronic invoicing​

Peppol, an acronym for Pan-European Public Procurement On-Line, is an international standard for electronic invoicing. It enables electronic documents to be exchanged in a standardised way between companies and public administrations. By integrating with Peppol, Odoo enables businesses to send and receive electronic invoices in compliance with European standards, guaranteeing regulatory compliance while reducing costs and processing times.

Advantages :

  • Reduce human error in invoice processing
  • Save time and increase productivity
  • Compliance with European legislation on electronic invoicing​

On Odoo : 



2. PDS 2: A new era for payments and banking management​

The European Payment Services Directive 2 (PDS 2) has revolutionised the banking sector, opening the door to innovative payment services and greater transparency. Odoo integrates with PDS 2 to offer seamless management of banking transactions, enabling businesses to track and validate their payments in real time, while guaranteeing the security of operations.

Advantages :

  • Automated bank reconciliations
  • Direct connection with banks for real-time monitoring
  • Secure payments with rigorous data protection protocols​

On Odoo:

3. Codabox: simplified management of bank statements​

Codabox is a solution that enables accountants to automatically receive bank statements from their customers. Thanks to Codabox's integration with Odoo, companies can automate the receipt and import of bank statements, making it easier to manage cash flow and reconcile accounts.

Advantages :

  • Save time by automating the import of bank statements
  • Amélioration de la précision des rapprochements comptables
  • Réduction des tâches répétitives pour les équipes financières

On Odoo :


Why is integration the future of accounting?​

The digitalisation of accounting is more than just a trend - it's a necessity. With automated processes and integrations such as Peppol, PDS 2 and Codabox, Odoo enables businesses to comply with regulatory requirements while optimising their operational efficiency. This means that finance teams can focus on high value-added tasks, such as financial analysis or risk management, rather than spending time on manual operations.

Odoo offers businesses a robust, scalable infrastructure that is adapted to the current and future challenges of accounting. By integrating these solutions, businesses can prepare themselves not only for the challenges of today, but also for those of tomorrow.

What's more, the digitalisation of accounting processes made possible by these integrations also represents a significant ecological advantage, by reducing paper consumption and the carbon footprint associated with traditional administrative management.