Odoo 16, with a release date of October 12, 2022, is a big hit for many SMEs. Reason? It includes a slew of exciting features that will take business centralization to the next level. Do you want to know what they are? Continue reading to learn more!

Odoo 16's accounting module has been improved with the addition of several new tools and features. The 'Warning/alert' function allows you to immediately control customer credit limits for sales and invoicing.
COA, contacts, and other data can be easily imported into Odoo's integrated system.
—> Leading Industrial Application: New Accounting module updates may benefit financial sectors such as investment bankers.

Knowledge  App
This module functions similarly to a knowledge or information-sharing hub, which is the most frequently requested feature in Odoo 16. Employees can add business proposals, create important documents, and share them with their coworkers to benefit everyone.

A user can categorize his or her documents into Favorites, Workspaces, and Private mode.

Dealing with multiple documents between wholesalers and customers will help the retail industry make peace with the Knowledge app by streamlining all documents in one place.

Website Builder 

Odoo 16  Website Builder has combined the front-end and back-end of the Website module to provide an identical user experience, allowing for greater customization.
It will enhance the user experience of creating and customizing a website without the need for hard-core coding knowledge.

Top Industrial Usecase: Making it easier for the manufacturing and e-commerce industries to design and manage their websites. They can easily customize their website to represent their products.

Discounts, Coupons, and Promotions
These features have now been developed and implemented in Odoo 16. From the centralized platform, coupons, promotions, and discounts can be easily accessed and controlled on your website. These are appropriate for use with POS (Point of Sale), Sales Orders, and eCommerce.
Odoo 16 includes an e-wallet. Gift vouchers will also be available for Sales Orders.

—> Leading Industrial Application: The food and beverage industries can use this feature to market their products and promote their brands.

The MRP Module

The ability for users to combine and divide manufacturing orders is one of the most important aspects of MRP, allowing for seamless manufacturing management and well-organized planning.

The customer can track the status of the requested product's production process by using the link provided with the Sales Order.

—> Top Industrial Usecase: The electronics industry, like any other, can benefit from Odoo 16's MRP feature. They can easily manage orders and streamline business processes.

Module for Inventory

Instead of removing orders every time an item is marked as 'out of stock,' businesses will be able to place a backorder and receive the product from the primary supplier. The new Odoo 16 update will automatically handle such orders, reducing confusion.

—> Top Industrial Usecase: Backorders are a common problem in the e-commerce industry. Businesses will be able to manage inventory more effectively with the backorder feature in Odoo 16.

Module for Email Marketing

You can now change the global properties of your mailing list one at a time in Odoo 16 without having to deal with integrations.

Customers will also be able to create new and unique email templates from previous templates in the new version for easy email marketing.

—> Top Industrial Usecase: Event management companies can make extensive use of this Odoo 16 feature. A user can create amazing emails to maintain marketing standards without interfering with the flow of work.

Summary

It is not at all doubt that the latest version of Odoo brings new and advanced features to its users. Based on the latest technological upgrades, Odoo 16 offers more reliable features and functionalities to make business operations more smoother and seamless as compared to its previous versions.  

Odoo 16 brings in new solutions to complex business challenges that help make the workflow more efficient and effective.