As the customary annual event follows, Odoo is back at innovation again with its latest V14.

The key highlight of  Odoo Experience 2020 was the Odoo 14 keynote speech by the foreman himself- Fabien Pinckaers. 

If you have not been able to attend the event but are curious about the latest features and improvisations made in Odoo, let’s get started.

Read this blog if you aren’t aware of Odoo’s transformation from an ERP software to all-rounding business management software.

Odoo 14 Features- Module Wise

Website Building- You Don’t Need to be a Designer:

• With ready-made themes introduced in Odoo 14 and brand-new options for a website builder, filters, shapes, photo resize, color, and editing bar, website building is just a five-finger exercise.
• With an improved front end, Odoo’s Website is 3.42x faster.
• The color pallet adapts to the shapes, pictures, footer, and background of the website theme.
• Odoo lets you customize almost everything on your website.

Automate Sales- The team can Get Rid of Recording Data:

• Form builder lets you assign a specific task to the sales team while reducing customer response time.
• Outlook Integration enables easy synchronization with Odoo CRM.
• Lead Enrichment lets your Sales team fetch the data of customers’ companies efficiently.
• CRM allows the salesperson to create a to-do list while giving them the freedom to show/snooze reminders for sending emails or SMS to leads for follow-up or meetings.
• Odoo 14 has CRM law for recurring business for SAAS companies who have set subscriptions.

Optimize Inventory- Manage Priorities for your Orders:

• Real-time replenishment is enabled for the Inventory app to let you choose the quantity to buy or manufacture and launch orders according to the stock in your inventory.
• Be it sales orders, pickings, or manufacturing orders, Odoo 14 inventory will always let you know about product availability.
• You can always reschedule priorities to make the product available even during stock-outs by changing schedule dates or simply prioritizing particular orders based on customer demand.
• The smart barcode scanner app supports all critical flows like picking, inventory adjustments, and delivery.
• With the help of Artificial Intelligence, you can take pictures of your expense receipt, and Odoo 14 will automatically fetch data and create expenses on your behalf of you.

Manufacturing- Handle Components Shortage Accurately:

• Odoo 14 allows you to get visibility over manufacturing orders already running later than the expected date before a maximum of 11 days.
• You can create an MRP order without the bill of material.

Purchasing Operations- See your Vendors’ OTD Performance:

• Odoo lets you choose a vendor based on the OTD (On Time Delivery) satisfaction ratio.
• With alerts and KPIs, you can easily ask for confirmation/follow-up from the vendor for early/late delivery.

Odoo 14 Timesheets- Say Goodbye to Traditional System:

• With the help of timesheet shortcuts available on Odoo 14, you are just a tap away from inserting data.
• You can also allocate additional time for specific tasks.

Report Management- Say No to Import/Export Data:

• The pivot table is 14x faster than Odoo 13
• Odoo 14 lets you import all the system data and reports directly to the spreadsheet integrated with Odoo itself. You can also customize the data in the spreadsheet.
• You have access to all Odoo modules on the spreadsheet for analytics.
• The spreadsheet templates in Documents will allow you to maintain real-time data eradicating import/export processes.
• You can design your CRM dashboard from all the data coming from the Odoo system.

Data Cleaning Application- New App in the Market:

• Odoo puts everything on the same database, whether from marketing, sales, CRM, accounting, or invoicing, so data cleaning will automatically discard duplicate entries.
• You can configure your own rules or automate them for data cleaning with a business intelligence engine.

Administration- Being Paperless isn’t the Future; it’s the Present:

• PDF files containing invoices are split and sent through an AI-powered invoice recognition system, where the system automatically processes them into a bill. All the accountant has to do is verify it.
• You can also send the bills/documents to the legal department for signing electronically with just a click.

Studio App- Customize Apps/Workflow:

• You can customize purchase order workflow or build an app from scratch for evolving business needs.

Odoo 14 POS- Mobile Friendly:

• Odoo 14 lets the Point of Sale be 100% mobile-friendly with all the improvements made to modify the configurations.

For further information about migration or Odoo 14 features, you can always connect with our functional/technical consultants.