Odoo is something well known, an open source software which is designed for Enterprise Resource Planning (ERP). Odoo has complete modules (16.000 modules). Odoo is trusted by thousands of companies in the world as a solution for their companies.
Few moments ago Odoo released the newest software version, it is Odoo 16. According to the website, Odoo made some big changes on the newest version. So, what features does Odoo 16 have? Let’s check it out.
Newest updates on Odoo 16
Knowledge Management
Knowledge Management is an app to change tools like Notion Word Processor to save the projects and progress more interactively.
This app was part of the Odoo Community. But now, it is only available in Odoo Enterprise. This app helps the users easier to make and share the documents, workflow and the business progress.
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Code Cleanup and Performance
On the newest version, Odoo removed the unimportant codes and refractory the codes to get the best performance.
Responsive Design in Community
There are a lot of Odoo users complaining about the display design which is expired or outdated. Therefore, Odoo redesigned it on the 16th version more responsively
Improved eCommerce
Huge improvement happened on the eCommerce app. Odoo 16 has good features and they work well without third party apps.
Call for Price
Showing price only for logged-in users
Demand based pricing
Support a catalog shop
Contract pricing/approved products
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In addition, you get some benefits from the newest version of Odoo
Bulk upload of photos
Change the order of the photos after uploading
Faster eCommerce checkout
Comparison Price
UOM display
These features become the best choices so you don’t need other third party apps like Shopify.
Multi-currency Sales Report
Sales report in Odoo 16 concerns multi-currency and you can review the sales dynamically based on daily exchange rates.
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Accounting Improvements
New Mode of Accounting Firm
This new mode changes the sequence of documents in documents level. This also introduces a new field “ Total. Pajak (inc.) “Detect holes in Sequence
Every journal has a new “Smart Alert”. You can browse the latest document easily before the hole.
Holes can be fixed easily with wizard “Resequencing”Improvement in fixed assets
You can easily cancel or add assets. If GL entries are locked, reverse entries will be created
If GL entries are not locked, the entries will not be posted. The option to modify depreciation by selling assets is provided.
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Storno Accounting for Eastern Europe
Storno accounting is a practice of using negative debit or credit to reverse the original journal account entries. Because usually the book keeper writes the Storno entries with red ink. This kind of accounting practice is also called Red Storno.
You can cancel incorrect document amounts with Storno accounting, but you have to input the correct documents amount after cancelingImprovement on Procurement and Tenders
Odoo 16 has better tender callingMake and manage PO alternatives quickly
Compare arrival and cost by lines
Separate PO among vendors based on best options and best offers
Working Order in Company
You can determine the order of commands which will be processed in Odoo 16. You can activate it for each BOM.
Read: What is ERP?
Track the Delivery and Receipts Status
On Odoo sales (Delivery Status) and purchase (receipts statuses) to improve your delivery tracking and purchase, new fields are added.Online Rental Apps
You now can activate online rental (useful for renting a car or something). You can decide which day is available to pick up or deliver.
Those are features added and optimized in Odoo 16. We suggest you apply Odoo in your company now. Let us know what you need about your business digitalization and we will help you as soon as possible.
