Odoo ERP solution

Get to know all about the new features of Accounting in Odoo 17. After reading this blog on Odoo accounting 17 features, readers will be able to get updated knowledge on Odoo 17 accounting features and updates that have taken place in Odoo 17 accounting Software. This blog will include 56 new features of Odoo accounting software. Here are the new features of Odoo 17: 1- Accounting reports Configure Odoo accounting software reports easily: move entire sections, define the parent line by dragging and dropping, and add indents to highlight the hierarchy. 2- Allocation of invoice discounts Separate sales and granted/received discounts on invoices by posting them on different accounts. The sales lines remain unaffected, but the discount is subtracted and moved to the specified account. 3- Assets usability Assets import usability was improved. It is now possible to post assets in bulk. The status of an asset can’t be imported anymore. 4- Auto extract PDFs only Prioritize PDF attachments when using the ‘create invoice on email’ feature for sales and purchase journals. This is one of the most requested features of Odoo accounting system. 5- Auto-reconcile feature Introduction of a new wizard for auto-reconciliation. This feature of computerized accounting feature makes Odoo ERP a better software for accounting/ Bookkeeping applications. 6- Avalara geolocalization and sales tax Using Avalara’s address validation now populates geolocalization information on the partner. This information can be used to compute sales taxes. Odoo is a free online accounting software that can help to fulfill your accounting needs. Odoo is also one of the best free accounting software. 7- AvaTax, Use warehouse address in ship from information: When computing taxes with AvaTax on an invoice linked to a sales order with deliveries and pickings, Odoo now uses the warehouse address where the goods are shipped from to compute the most precise tax possible. 8- Bank reconciliation layout The bank reconciliation system has a new, clearer widget layout. Edit, delete, and print bank statements from the widget. Dashboard links are improved, and audit features can be found in the journal items view. 9- Bank statement PDF report layout The layout of the bank statement PDF report has been cleaned up. Clear layout brings in better analysis and thus contributes towards making Odoo best accounting software. 10- Bills artificial intelligence Tax and account prediction on vendor bill lines are now always activated. Product prediction can be activated in the settings. This AI-based business accounting software makes Odoo unique and well ahead of its competitors. 11- Branches management Manage business units/branches thanks to multi-company hierarchies. This makes Odoo an easy-to-use accounting software. 12- Credit and debit note buttons Simplified the invoice action buttons. Debit notes was moved to the action menu. Odoo is also one of the top cloud-based accounting software that can be easily customized according to the client’s need. 13- Cross analytic Input on multiple analytic plans to do analytic cross-reporting. This is one of the must needed features in accounting and bookkeeping software. 14- Credit limit improvement Confirmed and uninvoiced sales orders are included in a partner’s total receivables. The credit limit warning considers this new computation. This online accounting software helps a lot in getting to know all about credit limits. 15- Deferred expense/revenue report The Deferred Expense/Revenue report allows auditing any amount. The audit can differ from the reported amount, as those are theoretical computations. Any difference means there is a manual entry to generate. 16- Deferred management The management of deferred entries is now distinct from assets. Create deferred revenues and expenses without setting up deferred models in advance. Odoo is also one of the best accounting applications out there in the market. 17- Delivery date The delivery date is now a standard field on invoices. This accounting feature makes Odoo one of the top accounting software. 18- Down payment and POS The breakdown of taxes and accounts on down payment invoices remains consistent, irrespective of whether the invoice is initiated through the PoS or the Sales App. 19- Down payments tax breakdown On down payment invoices, the tax breakdown of the original sale order is now respected. 20- Early discount Improved display of due dates for early payment discounts and installments. 21- EDI format Added the EDI format and Peppol fields to the customers list view. 22- Expense receipts in journal entry attachments Expense receipts are now attached to their respective journal entries. They are also automatically included in the Datev export for the German localization. 23- Express VAT in local currency on invoices Tax computation appears in local currency on customer invoices made in foreign currency to comply with the 2010/45/EU directive. 24- Filter blank lines Added option to filter out lines at zero from fiscal reports. 25- Fleet: impact vehicle without a bill For Fleet and Accounting users, the bank reconciliation widget now allows you to specify the vehicle concerned on any manual operation. 26- Follow-up reports: missing contact info When mass processing follow-up reports, contacts with missing information are isolated and do not block the process for other contacts. This computerized accounting system makes the filtering process much easier. 27- Improve settings for tax calculation display on invoices Merged Line subtotals tax display and Rounding Method in Accounting settings. 28- Improved printed reports Printed versions of accounting reports have been improved. 29- Inter-company transactions – Attach a copy of the invoice PDF to the vendor bill A copy of the invoice is now added to the bill attachment of the counterpart company in the scope of inter-company transactions. 30- Invoice date visibility The invoice date was added to journal items, journal entries, and some reports. 31- Invoice layout overhaul The invoice layout is clearer. To satisfy the legal requirements of several countries, you can display the total amount in letters. 32- Invoice upload harmonization Harmonized invoice uploads in both Accounting and Documents. Draft credit notes can be changed to invoices. Factur-X documents detect the move type (invoice or credit note) from the Factur-X data.  33- Manual matching: partner creation Improved

You run a growing e-commerce business, and the demand for your products is skyrocketing. Your customers want quick responses, order updates, and personalized recommendations, and it’s becoming challenging to keep up with their expectations through traditional communication channels. This is where automation comes into play, and Odoo, your trusty business management software, is here to make it all seamless, especially when integrated with WhatsApp. 50,000+ companies are using Odoo to grow their businesses. Understanding the Need for Automated Customer Communication: In the era of instant gratification, manual customer communication can be a tough nut to crack. Your customers expect rapid responses, be it for tracking their orders, getting answers to inquiries, or simply engaging with your brand. The world is moving at a fast pace, and automating customer communication is not just a choice; it’s a necessity.  Here We are going to discuss an example of successful Odoo ERP WhatsApp Integration of an eCommerce company. A customer ordered a gadget online and had a few questions about its features. The customer reached out to the seller through their website’s contact form. Days went by with no response, and ended up canceling the order. In today’s world, delayed responses can cost you customers. Odoo as a Comprehensive Business Management Software It’s not just a business management software; it’s an all-in-one solution that can revolutionize the way you run your business. From managing your sales and inventory to handling your customer relationships, Odoo has got you covered. Within Odoo, one of the critical modules is Customer Relationship Management (CRM). It’s your Swiss Army knife for nurturing customer relationships. And guess what? It integrates seamlessly with WhatsApp to automate customer communication. The Power of WhatsApp in Customer Communication WhatsApp needs no introduction. With billions of users worldwide, it’s one of the most popular messaging platforms. People are comfortable using WhatsApp for personal and professional communication. That’s where the opportunity lies – using WhatsApp for customer interactions. Here is an another example to illustrate the diversity of WhatsApp interaction. A local bakery started using WhatsApp to take orders, instead of calling or visiting the store, customers could now send a message to place orders, and bakery would confirm the details and deliver products within minutes. It was convenient, efficient, and made many customers loyal to that particular Bakery. The Synergy of Odoo and WhatsApp for Automation Odoo Revolutionizes Customer Relations with WhatsApp Automation Now, here’s the magic: Odoo and WhatsApp working together to automate your customer communication. Imagine this: a customer places an order on your website, and Odoo automatically sends them a WhatsApp message confirming the order and providing an estimated delivery date. That’s just the tip of the automation iceberg.  From sending appointment reminders to offering personalized product recommendations, the possibilities are endless. You’re not just saving time and effort; you’re delivering a superior customer experience. Benefits of Automating Customer Communication Let’s talk benefits. By automating customer communication through Odoo and WhatsApp, you’re achieving several significant advantages:  Automated messages ensure customers get quick responses, leading to higher satisfaction levels.  Personalized messages and recommendations make customers feel valued and more likely to return.  Automation allows you to gather data on customer interactions, helping you make informed decisions to improve your products and services.  In the next part, we’ll dive into how to set up automated customer communication in Odoo. It’s simpler than you think, and the rewards are substantial. ​ Setting Up Automated Customer Communication in Odoo Now that you’re excited about the idea of automating customer communication, let’s get practical. Setting up automated communication in Odoo is like giving your business a turbo boost.  Here’s how to do it: Step 1: Odoo Configuration First, make sure you have Odoo set up and your CRM module is ready to roll. Then, navigate to the settings and find the WhatsApp integration option. You’ll need to connect Odoo to your WhatsApp Business API account. Don’t worry; it’s not as daunting as it sounds. Step 2: Message Templates Customize your message templates. Depending on your business, you may want templates for order confirmations, shipping updates, appointment reminders, and more. These templates ensure consistency and save you time. Step 3: Automation Rules This is where the magic happens. Create automation rules based on triggers. For example, when a customer places an order, Odoo automatically sends an order confirmation via WhatsApp. You can set up rules for various scenarios, making customer communication a breeze. Personalization and Customer-Centric Automation Automation is fantastic, but let’s not lose that personal touch. Use customer data wisely to personalize your automated messages. For instance, include the customer’s name, reference their previous purchases, or suggest products based on their browsing history. This level of personalization can leave a lasting impression.  Let’s take an example: Customers who receives an automated message from an online bookstore recommending books in his favorite genre. It fells like they knew the customer well, and the customer ended up making a purchase. That’s the power of personalized automation/ marketing using WhatsApp. Overcoming Challenges and Pitfalls While automated customer communication is a game-changer, it’s not without its challenges. Here’s what you need to watch out for:  Handling Complex Inquiries: Not all customer inquiries are straightforward. You may need to train your system to recognize and escalate complex issues to human support. Balancing automation with human touch is key. Data Security and WhatsApp Policies:  Protecting customer data is paramount. Ensure your integration complies with WhatsApp’s policies and regulations to avoid any compliance hiccups. Success Stories and Real-World Examples Want some inspiration?  Let’s look at some real-world success stories:  Case 1 – E-commerce Marvel: An e-commerce giant integrated Odoo with WhatsApp, automating order confirmations, shipping updates, and even providing personalized product recommendations. They saw a 30% increase in customer satisfaction and a 20% boost in repeat business.  Case 2 – Local Hero: A small local restaurant used WhatsApp for order and reservation confirmations. Their customers loved the convenience, and they experienced a 15% increase in orders within a month.  These success stories prove that automation isn’t just for big players. Businesses of all sizes

What is Odoo Runbot? Odoo Runbot refers to a server which acts as a host for different Odoo ERP versions and branches installed. It is an online portal which is used for testing features of Odoo ERP. Usually, all the latest versions of Odoo like production and testing are easily available on Odoo RunBot. Testing process of various versions and branches such as Odoo 11,12,13,14,15,16 and SaaS. For example, if there is any problem that an engineer/ developer is facing he/she can sort it out in Odooo RunBot. There are 2 possible situations: If the specific issue is existing in the RunBot environment then it is a bug. If not, it can be a configuration issue in the local Odoo version. Usually, Odoo RunBot is Odoo Partnered to test the GitHub branches that are pushed. What is the function of RunBot? Odoo Runbot is a server which provides Odoo runbot installation. RunBot is introduced as per different Odoo versions and ventures. How to access Odoo RunBot? Anyone can easily access RunBot by visiting to this web address runbot.odoo.com .The RunBot server is known for being future-oriented. Here is how Odoo RunBot looks like when the page gets loaded. Odoo RunBot is also used for running Odoo and testing the entities of Odoo for demo purposes. In today’s time, anyone can use the Odoo branches along with the improvements that are made by the testing branch. When the RunBot’s website/ landing page gets loaded completely there are two possible situations either you click on a build with a Green hash (#)/ link (🔗) or a Red hahs (#)/ link (🔗). The colors are used to represent whether a particular “build” is active (green) or not active (red).   In order to open a particular version of Odoo, one has to click on the blue clock square button at the end of an Odoo branch. There are generally two types of Odoo versions that can be chosen, the community version or the enterprise version. As seen in the image “Odoo” represents the “Community version” and “Enterprise” represents the Enterprise version.  There are mainly 2 databases in Odoo RunBot. The 1st one is “All” and the 2nd one is “Base”. In “all” database every module would be installed and contain demo data for better representation. The “base” database would not have any modules installed in it. How to check the latest features in a RunBot? As Odoo RunBot is a multi user environment, many users are using it together in real-time. The image displayed below has detailed build errors. Non-active branches would be shown if one would click on the gear symbol.  Log File: We are able to see a simple log file and it contains the reasons of failure and errors in the build.  How to login into Odoo Community/ Enterprise edition? Here is how to log into the community/enterprise edition:Step 1. Click on the “blue button” in the row of an active build.  Step 2. The next step is to click “Sign in” Step 3. Enter Email and Password. There are two possible credentials to login to DB, clients can pick both: User admin: Email: adminPassword: admin User Demo:  Email: demoPassword: demo Here is the view that any user would be able to view after entering email & password and then clicking on Login. Main features in Odoo RunBot: Here we can add some important key features of Odoo RunBot    Conclusion Odoo RunBot is definitely one of the most used platform for testing Odoo features. It is quite easy for anyone to access and find out more information. Through this blog we have tried to offer a deeper insight into the working of Odoo RunBot. We hope that this blog will be able to clear any doubts regarding Odoo Runbot and its useful features. Feel free to contact us for any questions. FAQ. Frequently Asked Questions on Odoo RunBot About TechUltra Solutions. TechUltra Solutions is a leading Odoo And ERP Development company working since 2016. We have more than 6 Years of experience in various services such as Hiring Odoo Developers, Odoo Implementation, Odoo Development, Odoo Customization, Odoo Integration, Odoo Training, Odoo Consulting, Odoo Migration, and Odoo Support.  Don’t Forget to get Free Odoo consultation. TechUltra Solutions has client in various locations such as USA, UK, Peru, India, Dubai, South Africa, Indonesia, Egypt, Spain, UAE, Canada, France, Italy and World-Wide.

Factors to consider for ERP Implementation. What is an ERP system? ERP which is commonly known as Enterprise Resource Planning is a type of software/system that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management, compliance, and supply chain operations. A complete ERP suite also includes enterprise resource planning management software which helps in managing budgets, forecasting, and reporting on an organization’s financial results. Why is there a need for an ERP system? Modern businesses are confronted with new data-driven difficulties that have the potential to be incredibly complex. Dealing with this data through outdated, disparate systems is becoming increasingly difficult. To assist with data organization in an era of rapid technological change, businesses may turn to Enterprise Resource Planning (ERP) systems, which organize and consolidate business data, documentation, and communications into a single, easy-to-navigate resource. With this new system, an organization may use its collected data to make informed and profitable business decisions, potentially increasing both its Rate of Return (ROR) and operational efficiency. Key factors to consider for ERP implementation in 2023. 1. Project Strategy and Startup The first and most crucial step in ERP implementation is to develop an ERP implementation strategy. A successful ERP implementation is said to have occurred when users receive what they want (end goal), within their budgeted cost and time, and with a satisfactory ROR (return on investment). To ensure that the organization is prepared for changes in processes and new systems that can have the greatest impact, relevant change management strategies, discussions, meetings, and training should be implemented. 2. Management Commitment ERP implementation not only changes system transactions but also updates business processes. Implemented ERP alone should not be made responsible for project delivery they are also responsible for most of the heavy lifting. In order to better support business objectives the Senior and mid-level managers should be given inputs from all parts of the organization and be involved in any project from inception to completion. A key tip is to keep management involved in project sponsorship, steering committees, issue escalation, and resolution. All these activities are involved in keeping the management informed and maintaining their support. 3. Project Scope The common ERP system may only be able to fulfill some of the requirements of your organization and that is the reason why customization of ERP is required. Develop an implementation strategy such that ERP is tailored to suit the firm’s initial priorities keeping the end goals in mind, tools, and systems the organization uses. Try to understand core business requirements, plan how to satisfy them, and determine how to achieve them. Take into consideration the business requirements such as management of data, BI, Social media management, etc. these can be met in the process of implementation later on or in further enhancement. 4. ERP Implementation Project Team: Choosing the best ERP implementation team is a must for the success of an ERP implementation project. There should be strong project managers and other talented team members representing business and IT. Identify subject matter experts across the organization. Good working association with consultants. Choose a highly experienced and cooperative team of consultants for ERP implementation projects. 5. Change management, Training sessions, and Communication. After ERP implementation there would be a lot of changes that will be taking place and that is one of the reasons why businesses usually hire a dedicated team for managing the changes taking place. The most commonly used concept by ERP vendors today is – “Train the trainers” This is where software vendors or consulting integrators train only carefully selected employees/ internal staff members who are expected to in turn share their knowledge with others. This approach is most effective for vendors but it takes a lot of time and hard work to reach the entire organization. Be prepared to develop consistent good communication between the project team and the whole organization. 6.Customizations/ Modifications: Most ERPs are built keeping the best practices in mind it is done to ensure optimized performance, collection of useful data, and streamlining process. Try not to think in a restrained way in which things were done before. Keep business objectives and overall strategies in mind while getting the ERP customizations/ modifications. A pro tip is to research various ERP implementations in the industry and decide upon what customizations are required. Keep the modifications ready as software vendors tend to update the ERP system with new releases. 7. Budget: While deciding upon the budget it is essential to consider all the costs involved in the implementation process such as software, hardware, and resources hired as most companies expect a positive ROR from their ERP implementation. An important thing to bear in mind is that try not to cut costs in change management, training sessions, and project management. 8. Project closure: There should be clear communication in terms of when the system would be ready, getting live, and when the legacy system is being shut down/ discarded. The same precautions are to be taken for introducing new business processes. Make sure to document well throughout the engagement and store the document for future reference in a way that all the staff members can easily access it. To make sure things are going as per the plan it is necessary to conduct audit processes and system transactions. For post-live support/ needs, it is necessary to create a competency center Summary Organizations that are looking for ERP implementation should take into account the above-mentioned factors for successful Odoo implementation. It is necessary for companies to develop a strategy, commit to management, define project scope, choose the project team wisely, plan for change management, customize according to the business needs, budget for all the costs involved, and make a team for post-implementation support. Book Free Consultation session with TechUltra Solutions to start your ERP implementation journey as soon as possible to ensure ERP implementation with the best practices for every industry. About TechUltra Solutions. TechUltra Solutions is a leading Odoo And ERP Development company working since 2016. We have more than 6 Years of