Odoo 18.3: What's New and How It Can Boost Your Business

Odoo 18.3 has arrived, bringing a wave of innovative features and enhancements designed to make your business faster and more efficient. This release includes two brand new apps, smarter accounting flows, improved website tools, and much more. Let's dive into the highlights!

Harnessing the Power of AI

Odoo 18.3 introduces a new AI app that simplifies various tasks and boosts productivity. Here's how you can leverage AI in your daily operations:

• AI Assistants: Create AI assistants to answer questions and book meetings. Customize the model, response style, and prompt to align with your specific needs. Add data sources for the AI to draw information from, ensuring accurate and relevant responses.
• Automated Lead Assignment: Define team member roles and let Odoo AI automatically assign the right lead to the appropriate assignee in your CRM, streamlining your sales process.
• AI-Powered Data Enrichment: Use Odoo Studio to add AI fields and enrich your data. For example, identify the industry of your clients using AI, saving valuable time and effort.
• Product Insights: Enhance product information with AI-powered properties. Determine which customers buy your products most often and in what quantities with well-crafted prompts.
• Intelligent Email Responses: When replying to a lead, Odoo AI reads the full context and drafts a message for you. Review, refine, and send with ease!
• Lead Scoring: Instantly see why a lead has a low chance of success and get suggestions to improve the score by adding missing information like a real phone number or email address.

Smarter Accounting Flows

Odoo 18.3 brings significant improvements to accounting, making tax compliance and reconciliation easier than ever:

• Tax Return Feature: Odoo now shows exactly what needs to be filed and when, adapted to local requirements across different countries. Each return type is listed with its deadline and status, ensuring users always know what to do.
• Bank Transaction Reconciliation: The reconciliation screen is cleaner and highlights what needs attention, such as fixing missing partners in just a few clicks.
• Annual Statements Composite Report: Simplify year-end reporting with a composite report that combines the balance sheet, profit and loss, and trial balance, allowing you to print all key reports at once with a single click.

Introducing the ESG App

Odoo's new ESG app enables you to track and report your company's environmental, social, and governance impact.

• Emission Tracking: Configure emission factors manually or import them from a certified database. Assign them to accounts, partners, or products, and let Odoo automatically calculate emissions based on your bills, purchases, and employee expenses.
• Data Analysis: Analyze emissions by scope, activity types, or time period and visualize data using charts.
• Carbon Footprint Reports: Generate complete carbon footprint reports detailed by scope and aligned with GHG protocol and built on carbon standards.
• Diversity Analysis: Analyze gender distribution, including by role or leadership level.

Enhanced Productivity Tools

Odoo 18.3 includes several enhancements to boost your team's productivity:

• Streamlined Activities: Create activities easier with quick buttons, filter by due date, reschedule with one click, and create activities without linking to an object. Completed activities are archived, keeping your history intact.
• Shared Filters: Save filters to your favorites and share them with other team members with a click.
• Contact Management: See document counts directly in the list view of the Contacts application.

E-commerce Improvements

Enhance your online store with these new e-commerce features:

• Stock Availability: Product pages now show stock availability for both delivery and click and collect.
• Google Merchant Center Sync: Sync your products with Google Merchant Center to keep your catalog up to date on Google Shopping.
• Improved Attribute Display: Product attributes are displayed more effectively on the shop page, adapting to the attribute display type (color, radio, pills, or dropdowns). A "view more" option and search functionality are available for attributes with many values.

Discuss and Document Management

Odoo 18.3 enhances communication and document handling:

• Role-Based Mentions: Create roles in Discuss (e.g., "accounting") and assign users to each role. Mention the entire group in any chatter message.
• Leave Notifications: See if someone's on leave directly in the chatter, including when they'll be back.
• Automatic PDF Conversion: Odoo now automatically converts receipts or invoices received in the email body into PDFs, making them easy to preview, store, and search in Documents.

Inventory and Manufacturing Enhancements

Streamline your inventory and manufacturing processes with these updates:

• Suggested Quantities: In the Purchase app, get recommendations for restocking based on stock on hand and estimated sales volumes.
• Lot/Serial Number Prefixes: Create product-specific prefixes with dynamic time and date placeholders for lot or serial numbers.
• Traceability Report: The traceability report now provides more granular information about every move of a tracked product, including warehouse shortcode, vendor name, and customer name.
• UPS Signature Required: Configure the UPS signature required option for high-value shipments.

Project Management and Events

Organize your projects and events more efficiently:

• Task Templates: Streamline project management with new task templates.
• Event Time Slots: Create event time slots in seconds via the calendar view.

Spreadsheet Visualizations

Visualize complex data with new sunburst and tree map charts in Spreadsheet, ideal for showing hierarchical data with multiple categories.

Industry-Specific Databases

Odoo has added bundles for yoga studios, tattoo parlors, marketing agencies, electrician services, and food trucks to its list of industry-specific databases.

This is just a glimpse of what Odoo 18.3 has to offer. Explore the full release notes for a comprehensive overview of all the new features and improvements.

Learn More: Odoo 18.3 Release Notes