A Roadmap to Odoo version 16 features

by Alex Forsyth Developer

Odoo ERP has come up with another new version with more advanced and upgraded features. Here's the roadmap to the features of Odoo version 16 shared by an expert consultant of Odoo in Australia.

With the advancements in technologies, it becomes essential to upgrade the ERP system as well. Odoo gets updated and comes up with a newer version every year and this year it's time for Odoo 16. And every new version comes up with new and improved features and modules to cope up with the technology advancements and to meet the improved business management standards. Odoo 16 has got a fresh methodology, stronger features, and more valuable integrations with other apps.

Now, as compared to the last version that's Odoo 15, Odoo 16 has got significant improvements in functions, modules, and capabilities. Presently, Odoo 16 is regarded as the most powerful and feature-rich versions of the ERP, proving to be the best fit for every industrial need.

So, now let's take a quick look at the features of Odoo ERP 16, shared by a consultant of Odoo in Australia.

After a few months of the release of an Odoo version, the next version with additional features and functionalities, waits in line to get released again after a few months. And this time the latest version will be Odoo 16 that will get released in October 2022. Therefore, let's now get familiar with and comprehend the expected features and characteristics of version 16.

As already said that every new version brings something new and improved with it so Odoo 16 is expected to be the most sophisticated and powerful version so far. With this new version, you will be able to easily manage your organisation more efficiently and effectively with its upgraded modules, tools and features.

Odoo 16 has included many exceptional features and modules that are worth mentioning. Now, here's the checklist of the new and improved modules and features that differentiates Odoo 16 from the previous versions.

Financial module:

The new updated accounting module of version 16 offers better intrastate reporting, e-invoicing options,.and VAT ID validation. You can also view the journal audit reports which are pretty simple and that enhance the VAT legislation related data. In addition to this, the new financial module will provide a new and upgraded bank reconciliation widget to allow faster and seamless accounting, easier reporting, and enhanced multi-currency handling. Moreover, the credit limit alert in invoices and sales is one of the newly introduced features in version 16.

Marketing module:

Odoo 16 has brought an improved marketing module with a faster and enhanced email marketing feature. This new marketing module helps to create creative and brand-new templates using the email layouts that you had already created.

In addition to this, it is pretty easy to change the global settings of the mailing list. You can easily and quickly fetch the mailing addresses of the contacts as well.

The Odoo 16 dashboard enables you to re-tweets posts or tweets for social media marketing reasons. This Odoo dashboard simplifies the process of managing the social media accounts for a better online presence of the company.

Coupons and promotions for discounts and offers:

For POS, eCommerce, convenience, and regular orders, you may access a single common platform that comprises all coupons and promotions. And, for the developers, the codes are constrained to fewer short lines and a cleaner interface.

Formal methods regarding coupons and promotions are one of the unique functional aspects of Odoo 16. This feature is expected to make it even easier to manage the coupons & promotions program. It will now be simpler to administer and configure the coupons and promotions settings. Odoo 16 has features like eWallet that were not there in any of the previous versions.

Odoo 16 website module:

You can control both the back-end and front-end of your website using the new and upgraded website module of Odoo 16. This new website module will save a lot of time in creating a fully functional and a complete website. Manage, control, and customise your website with the features and tools of the new website module. You can also add more customer engagement and interactivity to the website with this new and advanced website builder module.

Apart from this, you can also easily customise the web pages without the need to constantly update them. For better control and easier user accessibility, more grouping and filtering tools can be added to the website.

Amplified inventory management:

With Odoo 16's improved inventory management module, your employees will no more have to click the cancel button to cancel any backorder. And to avoid any future issues, Odoo 16 will help in automatically managing the situation. Also, you might find an updated postcode filter option on the shipping method which accepts prefixes instead of a form-to. In Odoo 16, you can also print data.

Also, it is pretty simple to select and count the products, scan a package, and force scan an optional and required product. You can even pick how far you want to create order or product restocking with version 16.

MRP:

Manufacturing Allocation reports will be now available in version 16's MRP module. Make the customers view the live status of the manufacturing orders with this module. Showcase orders from.the customised customer portal using the link generated with the sales order.

Customers can easily understand the process of manufacturing the goods or orders the customers have placed. The subcontractor can easily record the production with the ungraded subcontracting portal. Version 16 gives more cutting-edge options and features to the customers.

To summarise, managing your business with Odoo 16 can be simpler and more efficient than ever before with the upgraded modules of the ERP.

Alex Forsyth is a proficient consultant of Odoo in Australia associated with a renowned Odoo implementation company, Envertis Software Solutions. The author has shared the article to list out the expected features and improvements in Odoo version 16.