Today, OpenERP V5 has been released. This is a major release focussing on making the powerful ERP application more accessible and enabling further built in technology.

This release provides new functionality:

• Built-in Wiki
•  Document management system
• OLAP based business Intelligence
• Web portal
• New language translation modules
• Improved point-of-sale with touch screen module
• Ajax webmail
• Shared calendar
• Plugins for Outlook, OpenOffice, MS Office, Thunderbird
• New user interfaces 
• Dynamic graphs and dashboards
• Gantt graphs for planning
• Tooltips on most fields

Compared to many other ERP/CRM applications, OpenERP proves to be feature rich and powerful. Information on  comparisons can be found here.