What’s new in Odoo 16 Version?
Over the years, each Odoo update has brought forth several new and incredibly useful features. This time is no different. Odoo 16 reflects what we have come to love and combines it with a glimpse of the future. With the idea being exceptional functionality, Odoo’s intuitive nature partners up with the latest and greatest of the ERP technological era to present us with Odoo 16.
Speaking of technology, Odoo continuously upgrades its internal functionalities to achieve feasible industrial operations. This gives substantial benefits to the end-user. Each time a new version is released, user experience is a top priority with simplistic functionalities being a close second.
Knowledge Application
Odoo 16 will introduce its users to the new Knowledge Application. This feature is one of the most requested applications from users across the globe. Much like an info-sharing hub, the Knowledge app is highly integrated and allows your organization’s professionals to contribute important data that can benefit all users.
Employees can add business processes, versions and their improvements, administrative instructions, informative articles, and much more to the application. In fact, team members can also share important or miscellaneous information amongst each other as well as with colleagues in other departments.
The Chatter functionality will make communication easier, as well as centralize your organization while workflows are created.
You can also share articles with individuals that are not Odoo users by simply sharing a link.
Website and Chatbot feature
The Odoo 16 Website module allows you to have more control and customization options on the website building elements.
Odoo 16 has merged the front-end and back-end of the Website module to create an identical user interface to pave way for more customization options.
Website configurations in Odoo 16 can be done without having to reload the page, paving the way to more accessible website configuration options; the goal being easy user management.
Improved Chatbot functionality includes questions and a decision tree where users can get solutions to their procedures directly from the chatbot.
A chatbot is integrated with Odoo, which allows us to access information from the application server.
You can complete configurations without reloading the webpage, which provides additional management control over website settings.
Discount, Coupons & Promotions
In previous versions, promotions and coupons were separated from the main application modules. As such, users would hesitate to use these functionalities for those applications.
Now in Odoo 16, these functionalities are designed and implemented in such a way that promotions, coupons, and discounts can be accessed and managed easily on your website from the centralized platform. These can be used for Sales Orders, POS (Point of Sales), and eCommerce.
The e-wallet feature is added in Odoo 16. Gift cards will also be available for Sales Orders.
Reporting and Analysis will become easier in Odoo 16.
Discounts, promotional offers, and coupons used with all applications are beneficial for company sales and promotions.
Accounting Module
The accounting module has been improved with the help of many new tools and functionalities. Operational speed is fastened since invoice management and processes become fully digitalized.
Customer credit limits for sales and invoices can be managed instinctively with help of the ‘Warning/alert’ feature. Also, the OCR-separate setting will be seen for client invoice generation.
Journal Audit Reports generation is improved with effective readability and linked with VAT regulations with improved amendment information.
New Widgets are designed for the Reconciliation process to make it more convenient for the user. This reconciliation widget can be accessed straight off from the reconciliation section. This widget empowers swift currency exchange management and the additional feature is that difference between the currencies is fractionated on the invoice itself.
COA, Contacts, entries, etc can be imported easily into Odoo’s integrated system. Regular operations such as customer refunding and cancellation can be done in odoo. This new version is coming with better UX and proper calculation methodologies.
Purchase Module
From latest release notes from Odoo for version 16 have focused on some improved purchase functionalities like:
‘Call for Tender’ functionality is redesigned for better purchasing. You can regenerate an alternate RFQ for comparison with the original one. So, you will have multiple options for a single purchase, and you will be able to choose the most suitable option for your purchase.
Numerous modifications are done to the receipt, delivery status in the POS, and Purchase Orders.
You can send commercial invoices digitally to your delivery partners such as FEDEX, DHL, UPS, and EASY POST.
You can choose a pick-up location with a new process when you are choosing your shipping/delivery partner among UPS, FEDEX, or DGL.
Manufacturing Module
Odoo 16 Manufacturing can simplify the planning of the preparation of components by using a Scan Barcode that provides detailed information on the location of the number of components required in production for the staff to confirm step by step.
Multiple collaborators can be signed in each production. Employees can view manuals and illustrations for each step of the operation to check step by step to reduce production errors. And when there is a problem in the production process, employees can give feedback explaining what happened. Suggest ways to improve the work to be better suited to the job site of the employees as well.
Reports
Odoo 16 can create and adjust data in Dashboard just like using Excel or Sheet that we are familiar with. You can insert columns, enter formulas, create tables or graph charts. Easy to customize as you want, Complete in this version of Odoo.
