Features of Odoo ERP 17 for Trading Businesses
For trading businesses, the best ERP now is Odoo 17, the latest version of the ERP. Here’s an article that outlines the features of Odoo ERP 17 for the trading industry.
Odoo 17, the newest version of the well-known ERP software, makes it easier to manage complicated supply chains, product collections, and changing marketing trends. With Odoo 17, your trading business can become more productive and profitable. Let's take a look at the updated interface of Odoo 17.
Features of Odoo 17 for Trading Businesses.
In the trading business, the main objective is to buy products and assets at a lower cost and sell them at a profitable margin. Various types of trading can benefit from implementing Odoo. Let's dive into the details of the modules.
Accounting Module:
Odoo 17 introduces several noteworthy features, including:
Enhanced Partner Creation: Making partner creation easier, Odoo 17 allows the VAT number and partner name to be prefilled during manual matching.
AI-Powered Bills: Odoo 17 activates account and tax prediction on vendor bill lines, with an added option to enable product prediction in the settings.
Local Currency VAT on Invoices: Invoices sent to customers are now computed in the local currency, providing greater clarity.
Auto-Reconcile: A new wizard in Odoo 17 facilitates auto-reconciliation, streamlining the process.
Improved Report Loading Speed: Accounting reports now load faster in large databases, that’s because of the new prefix group mechanism in the module
Manufacturing Module:
BOM Generation: Create Bills of Materials (BOMs) directly from manufacturing orders, and automatically update BOMs when there are changes in confirmed manufacturing orders.
UX Enhancements: Experience an improved user interface with streamlined work order management, now presented in a simplified list view.
Sales Module:
Sales Without Pricelists: Now, you can carry out sales transactions without using pricelists, providing more flexibility in the sales flow.
Mass Cancellation of Quotations: Easily cancel multiple quotations at once by selecting them all together.
Wire Transfers and Payment Instruction: Generate payment instructions for wire transfers using available bank accounts, streamlining the payment process.
Lock Sales Order: You have the option to lock a sales order at any stage, adding a layer of control to the sales process.
Purchase Module:
Operations Menu: The updated version allows for quick access to operations, making it easier to navigate.
Lots Expiry and Quantity Mass Entry: When dealing with multiple lots or serial numbers, efficiently enter expiration dates and quantities through mass entry.
Report Barcodes: Simplify picking and packing processes by using reception reports with barcodes when moving items from one location to another.
LOT Properties: Display lot numbers on the quantity information.
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Planning Module:
Auto Plan Open Shifts: Use Odoo's workforce management features to automatically assign available shifts to employees based on their availability, time off, working hours, and roles.
Split Shifts from Gantt View: In Odoo 17, easily break down long shifts into multiple segments using the Gantt view.
Switching Shifts: Enhance flexibility in your system with Odoo 17, allowing employees to swap shifts with their peers. Employees can request a shift change by adding the desired coworker. The recipient receives a notification and can choose to accept or decline the shift switch.
The advanced features of Odoo 17 make tasks like managing inventory, handling purchases, and controlling finances more efficient. Odoo 17 gives trading businesses the tools to handle challenges and make the most of features. Odoo 17 acts like a compass guiding businesses to higher levels of productivity, profitability, and lasting success.
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