The Odoo 16 webinar hosted by Cybrosys Technologies aims to educate users about the advanced features of Odoo version 16, covering new functionalities in various modules such as sales, inventory, accounting, point of sale, manufacturing, and website design. Cybrosys, established in 2008, specializes in high-quality ERP solutions including Odoo customization and implementation services. Key features discussed include loyalty programs, enhanced accounting functions, HR modules, and improvements in manufacturing processes.