The all-new Odoo 16 and its Features

Get ready to experience the Quickest, most User-Friendly, Advanced, and latest Version of Odoo development which is Odoo 16. Through these updates, Odoo tries to improve the internal functionality and the user experience which helps in improving the productivity of the end-user and receiving a significant competitive advantage. The Stable and updated version of Odoo 16 was released in October 2022 and consists of many improvements some of which are improved performance, greater speed, and improved UX which is expected in every major release.

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Let’s Understand the New Features of Odoo 16.

Performance

3.7x faster than the previous version
2.4x faster sql query
3.9x faster ecommerce speed

Accounting

Dynamic dashboard
Spreadsheet improvement
Dynamic report

Knowledge Application

New module for internal knowledge module

E-commerce

Dynamic dashboard
Spreadsheet improvement
Dynamic report

1. The All New “Knowledge App”

The all-new Knowledge app will let the users capture the required knowledge, document it and allow the authorized users to check the:

• Product/ Service Description
• Product/ Service Sales Pitch
• Manage SOPs (Standard Operating Procedures) across the organization.

To increase the efficiency of existing employees and provide training to new employees the Knowledge app is a great way for businesses to pass on knowledge and best practices to the workforce.

TechUltra Solutions is an Odoo Gold Partner and utilized this feature of knowledge sharing among its employees with the help of Odoo knowledge-sharing application.

2. Enhanced User Satisfaction:

As expected with every software update in Odoo there is an improvement in the user experience. The new version (Odoo 16) of Odoo has tried to improve user-friendliness across all the Key modules like Staff Management, and Product Management along with this the Marketing and Sign Modules have also got completely redesigned and modernized. 

Several other Benefits for Business include:

• Simplification in User Interface, Workflow, or Management
• Smoother communication
• Improved Productivity
• Delightful Customer Experience.
  

3. Accounting Module:

With the implementation of Odoo 16, there are many improvements in the accounting module such as:

• The process of validation can be speeded up to a certain extent by generating instant reports. 
• Better readability in the journal audit reports and VAT information.
• Peculiar features like multi-currency matching, new bank reconciliation, and accounting imports.
• Credit limit warning for sales and Bills.
• Precise calculations in asset enhancement module and simple cancellations.
• Creating bills for customers or clients using the distinct OCR option.

Business Benefits include:

• Boosted efficiency
• Lesser operational bottlenecks in accounting
• Invoice creating speeded up
• Accurate Audit reports.