What are the New Features in Odoo 16?

RAJATH UNNIKRISHNAN | November 24, 2022

What are the New Features in Odoo 16?

Odoo is a set of commercial enterprise control software program which includes, e-commerce, accounting,CRM, manufacturing, billing, warehouse, inventory, undertaking control. The latest released version is Odoo 16.

It is developing day by day. It began as a Tiny ERP and has now turned into a full-fledged suite of crucial business management software products.

The different areas of operation of Odoo software are:

  • Odoo CMS for building websites
  • Invoicing
  • CRM (Customer Relationship Management)
  • Inventory and Warehouse Management
  • Project Management
  • Project Lifecycle Management
  • eCommerce
  • POS (Point of Sale)
  • Accounting
  • Subscriptions
  • Human resources, Employee recruitment, and Training
  • Timesheets
  • Planning
  • Customer Support

Starting as a Tiny ERP Software Solution to an open-source suite of business management software for small to large-scale firms, Odoo creators have always offered its users promising solutions. With the release of Odoo 16, more focus is given to performance boost and seamless user experience.

While Odoo 16 is nonetheless withinside the leagues of high-quit CRM and ERP software program carriers like Oracle and SAP, it's miles pretty appropriate for handling small-scale, mid-scale, or even large-scale commercial enterprise operations.

The industries to which Odoo 16 benefits the more:

  • Retailers (Online or Offline)
  • IT consultant companies
  • Distribution agencies
  • Manufacturers
  • R&D enterprises
  • Odoo partners and consultancies
  • Marketing firms
  • Accounting firms
  • Healthcare and hospitality industry

Focus areas of Odoo 16:

  • Code cleanup and an overall performance increase of the whole software program via way of means of making tweaks and adjustments anyplace necessary.
  • Accounting localization support.
  • Better user experience.
  • New and exclusive features.

Furthermore, various capabilities are brought in diverse key modules of Odoo 16 and their enterprise advantages in detail.

Accounting Module

The following are the updates in Accounting Module:

  • The accounting module is in all likelihood to look at loads of thrilling capabilities which organizations can gain from.
  • It is viable to generate Intrastat reviews for dashing up the validation process.
  • With more advantageous clarity and statistics on VAT (value-delivered tax), magazine audit reviews are improved.
  • New financial institution reconciliation – accounting imports and multi-forex matching are a number of the special capabilities that we get with the model 16 Odoo release.
  • Credit limit alert for sales and invoices.
  • The asset enhancement module will see progressed UX, clean cancellation, and accurate calculations.
  • An OCR-separate setting to create invoices for clients/customers.

Business Benefits: Speed and accuracy in accounting-associated operations, powerful management, decreased operational complications in accounting, brief bill generation, and correct audit reports.

Marketing Module

In Odoo 16 version, we can now extrude the worldwide attributes on the mailing listing at a time while not having to undergo the hassles of integrations. It can also be less difficult to import facts and get entry to e-mail addresses and contact information. One also can re-tweet the previous tweets to get their online presence on social media. The new version can even permit customers to create new and particular e-mail templates from the templates previously designed for hassle-free e-mail marketing.

Upgraded User Experience

Like each important update of Odoo, the Odoo release notes of model sixteen trace the accelerated person's enjoyment of all important modules. As in step with the update, many user-friendly capabilities have been included to assist operations like product control of the sales group or staff control of the HR group. The advertising and marketing modules have additionally been redesigned for a seamless consumer experience.

Business Benefits: Simplified consumer interface, ease of labor or management from the employee`s perspective, seamless communication, advanced productivity, and improved user experience.

Inventory Module

The following are the updates in Inventory Module:

  • Businesses can have the choice to pressure a backorder and get the object from the number one provider rather than canceling the order on every occasion their stock indicates an `out of stock.
  • Improved shipping methods and automated batches.
  • Upgraded tools that compute and estimate the visibility days left to restock for replenishment of orders or goods.
  • Force scan feature
  • Pick and Count
  • Improved postcode filter

HR and SIGN Module

The following are the updates in HR and Sign Module:

  • A refuse-to-sign feature has been added.
  • Easy to evaluate worker capabilities and overall performance in a month with the assistance of statistics and reports.
  • Change or modify the role assigned to an employee as per request.
  • A `Stress day` characteristic has been brought which defines the concerned responsibilities on any given day.
  • Easy access to check allocations, leave days, time offs, etc.

Purchase Module

The update to Odoo 16 has covered a few beneficial modifications to the purchase module too.

  • A redesigned ‘call for tender’ option for advanced performance.
  • Business invoices as per the latest standards.
  • Shipping insurance meeting business standards.
  • Real-time sales and purchase order tracking for delivery.
  • Configuring and managing promotional offers, coupons, and discounts.

The regular upgrades of Odoo help the software become greater flexible, feature-rich, and user-friendly. With the creation of many new functions to diverse enhancements in modules, corporations are in for a streamlined, improved, and hassle-free experience.

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