Every year around October, Odoo releases a new version of its award winning software.
The latest release (V16) comes with significant performance enhancements and functional improvements including:
- Improved Website and E-Commerce Functionality
- Improved Manufacturing and Inventory Management
- Enhancements to the Accounting Module
- A new Knowledge Management (Wiki) Application
In the following sections of this article, we explore some of these new features and enhancements starting with the following overview video.
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1. Enhanced Website and e-Commerce Functionality:
The new version offers an improved UI and UX for their Website and eCommerce applications. The website is 2.4x faster than previous versions and comes with new building blocks and widgets. The module’s front and back end are now combined into a single user interface and increase the website’s customisability. Check out this 2 minute video showcasing the new features.
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The e-commerce module now supports many new payment providers like Razorpay, AsiaPay and more, making it easier for customers to choose their payment method. With the new and improved product pages, it is easier to add product images and descriptions making it easiers for customers to find the product they are looking for. Adding on to the customer experience, it also offers an enhanced checkout functionality such as the ability to save customer information for future purposes, view order history and track order status.
The website can now also be integrated with Plausible.io which helps bring eCommerce metrics directly from your website.
- Other new features include:
- The new Request for price feature,
- Only logged-in users can see prices,
- Demand-based pricing, support for catalog shops,
- Bulk upload of product images,
- UOM display and many more.
2. Improved Manufacturing and Inventory Management:
Odoo Version 16 allows users to split and combine manufacturing orders easily for batch production and assignment to different employees or work centres. Clients can now check the live status of the manufacturing order using the link created with a sales order from their personalised Odoo account.
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Businesses will have the option to force a backorder and get the item from the primary supplier instead of cancelling the order each time their inventory shows an item “out of stock” and automate replenishment on specific locations by setting them as Replenishment Locations. Easily scan a package, pick, and count the product quantity, and force scan a mandatory or optional product.
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3. Accounting Module Enhancements:
Odoo V16 provides an advanced accounting module with improved Intrastat reporting, VAT ID validation for eCommerce stores, and e-invoicing methods.
The new bank reconciliation widget provides multi-currency handling and accounting reporting. Credit limit alerts can be sent for sales and invoices.
Furthermore, users can now calculate depreciation based on the number of actual days in each period and the addition of negative asset (associated liability) management. A new asset adjustment feature generates a depreciation item for the time since the last one was posted.
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4. New Knowledge App:
The Wiki style knowledge app in Odoo 16 is designed to help businesses manage and share knowledge such as articles, FAQ’s, and how-to-guides within the organisation. It also includes a search function that allows you to find the information you need with the ability to filter search results by keywords, categories, and authors.
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From cutting-edge technologies to expert guidance and support, I&A are dedicated to providing our clients with the tools and resources they need to succeed in today’s competitive marketplace.
Speak to us today if you are contemplating an upgrade or considering replacing your current ERP with Odoo V16.
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