Introducing Odoo 16: The Better, The Faster, The Smarter Odoo Upgrade Till Date!

Introduction

Odoo is an open-source enterprise resource planning (ERP) software that offers a wide range of business applications, including CRM, accounting, inventory management, project management, and eCommerce. Since its inception, Odoo has gone through several iterations and upgrades, with the latest version, Odoo 16, being considered the best Odoo ever.

In this article, we will explore the features and benefits of this great Odoo upgrade service in the form of Odoo 16 and explain why it is the best version of Odoo yet.

Noteworthy Highlights of Odoo 16

We, being a top Odoo development company, have been closely keeping our eyes on this fantastic Odoo upgrade from 15 to 16. The latest version Odoo 16 has given us nothing but excitement.

Why wait? Hop on and let us begin our journey to understand the best things about Odoo 16 upgrades.

Also Read – How is Odoo Restaurant ERP serving better to Restaurant Owners

Performance Areas

There had been no complaints whatsoever regarding the speed of Odoo 15. However, Odoo 16 has been incredibly faster compared to its older version. According to Odoo News,

• Viewing an invoice from the backend becomes 3.7 times faster.

• The loading speed of eCommerce pages is 3.9 times faster.

As the performance has been enhanced across the whole tech stack of Odoo 16, let us dive deeper. Starting from the server side, the backend loads are now 20x faster as almost all the JavaScript-based components in the backend use OWL2. The number of CSS lines dropped by 68%, that’s huge.

Page speed and performance have been dramatically increased as a result of the enhanced server framework in Odoo 16 which also results in better fragment caching.

Reference: https://www.odoo.com/blog/odoo-news-5/meet-odoo-16-968#blog_content

Accounting Operations Made Easy

The upgrades introduced in Odoo 16 have made accounting easier than ever before. Odoo accounting software can now be considered the best real-time accounting software in the market. With thorough navigational upgrades in the Odoo accounting software application, the brand has added localization packages that now cover a whooping 70+ countries.

With things getting easier to understand due to the introduction of the “New bank reconciliation widget”, the overall accounting process becomes more user-friendly and faster. “Accounting firms mode” is used for faster encoding of the invoices with precision.

The “Report Section” has been built entirely from scratch and a new “Analytic Widget” has been added to ease up analytic distribution, plans, and analytic distribution models. Manual analysis has never been so detailed and user-friendly. That’s brilliant!

The new module includes features such as multi-currency support, improved bank statement reconciliation, and a new chart of accounts. Multi-currency support allows businesses to manage their finances in multiple currencies, with real-time exchange rate updates and automatic currency conversion.

Upgrades for Intuitive Websites & eCommerce

There has been a 360-degree revamp in the eCommerce application to make it more feature-rich and more intuitive than ever. The inception of newer features helps you make beautiful and unique product catalogs and product pages. To take it even further, you can now get the benefits of plausible.io integration that helps you follow the metrics of your website and eCommerce directly from your website with Odoo 16.

Great and hassle-free, isn’t it? Wait! There’s more.

You can now customize your sales funnels in the best way possible:

• New payment providers have been added to offer you more opportunities (Exp.:Razorpay, AsiaPay, etc.)

• Express Checkout and Address Autocomplete features are added to boost the experience of your customers.

• Upselling blocks can now be customized which offers you a better opportunity.

• Access all attributes and variants features from the front-end.

The page speed of the website and eCommerce, as discussed earlier, is an added advantage with Odoo 16.

Enhanced UI & UX

One of the most significant improvements in Odoo 16 is its enhanced user experience. The user interface (UI) has been updated with a modern, sleek design that is intuitive and easy to navigate. The new UI is not only aesthetically pleasing but also makes it easier for users to perform tasks, find information, and access different modules.

Odoo 16 also includes a new dashboard that provides users with a quick overview of their business performance. The dashboard can be customized to display the most relevant information for each user, such as sales figures, inventory levels, and upcoming tasks.

Moreover, the new UI has been optimized for mobile devices, making it easier for users to access Odoo on the go. The mobile app has also been updated to provide a better user experience, with improved performance and features such as barcode scanning.

Improved Performance

Odoo 16 has also been optimized for better performance. The software has been re-engineered to make it faster and more efficient, with significant improvements in module loading times and database performance. Odoo 16 can handle larger volumes of data and process transactions more quickly, making it ideal for larger organizations or those with high transaction volumes.

The backend of Odoo 16 has also been improved, with the introduction of a new ORM (Object-Relational Mapping) system that provides faster database access and better memory management. The new ORM also makes it easier for developers to customize and extend Odoo’s functionality.

Enhanced Collaboration

Collaboration is essential for businesses, and Odoo 16 has several features that improve collaboration between team members. The messaging app has been updated to provide a better user experience, with improved message notifications and the ability to send messages to groups or channels.

Odoo 16 also includes a new document management system that allows users to share files and collaborate on documents in real time. The document management system has version control and access control features, ensuring that only authorized users can access or modify files.

Furthermore, the project management module has been updated to provide better collaboration between team members. The new project management module includes a Gantt chart that provides a visual representation of project timelines and dependencies. The Gantt chart can be used to track progress, assign tasks, and communicate with team members.

Improved Inventory Management

Odoo 16 includes several improvements to its inventory management module, making it easier for businesses to manage their inventory. The new module includes features such as multi-warehouse management, batch and serial number tracking, and barcode scanning.

Multi-warehouse management allows businesses to manage inventory across multiple locations, with real-time tracking of inventory levels and movement. Batch and serial number tracking provide businesses with better visibility into their inventory, allowing them to track individual items from purchase to sale.

Barcode scanning is another significant improvement to the inventory management module. The new barcode scanning feature allows businesses to scan items using a barcode scanner or mobile device, making it easier to track inventory levels and movement.

New and Improved Apps

Odoo 16 comes with many new and improved apps, which make it more versatile and useful for businesses. Some of the new apps include:

1. Inventory Barcode Scanning: This app allows businesses to use barcode scanning to track their inventory more accurately and efficiently. It also helps to reduce errors and save time.

2. Project Timesheets: This app allows businesses to track the time spent on different projects and tasks. This is useful for billing clients and for managing resources.

3. Accounting Dashboard: This app provides businesses with a comprehensive overview of their financial performance. It includes charts and graphs that show revenue, expenses, and profit margins.

4. Marketing Automation: This app allows businesses to automate their marketing campaigns, including email marketing, social media marketing, and lead generation.

5. Fleet Management: This app allows businesses to manage their vehicle fleets more efficiently. It includes features such as vehicle tracking, maintenance scheduling, and fuel management.

These new apps, along with the improvements made to existing apps, make Odoo 16 a more powerful and versatile ERP software.

New Module for Quality Control

Another new app in Odoo 16 is the Quality Control app, which enables users to manage quality control processes and ensure products meet the necessary standards. This app allows users to define quality control checks and tests, set up workflows for quality control, and track the results of quality control inspections.

Improved Security in Odoo 16

Security is always a concern when it comes to ERP software. Odoo 16 has improved security features to ensure that businesses can trust their data is safe. Some of the security improvements include:

1. Two-factor authentication: This feature adds an extra layer of security by requiring users to enter a code sent to their phone or email before they can log in.

2. Password expiration: This feature forces users to change their passwords regularly to prevent unauthorized access.

3. IP Whitelisting: This feature allows businesses to specify which IP addresses can access their Odoo instance, adding another layer of security.

Overall, the improved security features make Odoo 16 a more secure option for businesses that need to protect their data.

Enhanced Integrations with Odoo 16

Odoo 16 has better integration capabilities than previous versions. It can integrate with a wide range of third-party apps, including popular apps such as Google Apps, Shopify, and PayPal.

This is particularly useful for businesses that already use these apps and want to integrate them with their ERP software. The improved integration capabilities make it easier to share data between different systems, which can save time and reduce errors.

Other Significant Improvements

Odoo 16 also introduces significant improvements to existing apps, such as the Sales app, which now offers advanced reporting and analytics features. These new features enable users to track their sales performance more effectively, identify opportunities for growth, and make data-driven decisions.

How Odoo 16 Could Help in Business Growth?

Our Odoo developers will help you understand what your current wholesale, retail, or eCommerce business needs to give it a competitive edge over its competitors.

Bytes Technolab is a top Odoo development company that has been delivering excellence for a complete range of Odoo development services:

• Odoo website development

• Odoo app development

• Odoo theme development

• Odoo ERP solutions

• Odoo CRM software development

• eCommerce store development

• Odoo module development

• Odoo implementation services

• Odoo customization

Call us right away to consult with our Odoo experts if you want to know more. Our Odoo experts will help you to upgrade Odoo 15 to 16 with complete Odoo database migration and upgrade services.