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Some things are, but the core functionality is easily extended through modules and you can find a lot of sites with them. Some of the best modules are going to cost you some money but it’s worth it.
That being said Odoo is overkill if you just need to send an invoice. Odoo is perfect for running a business though. It can and will do EVERYTHING and then some.
I know people who run their entire businesses on it. Website, HR, inventory, time clocks, billing, etc etc. it scales really well too. Largest business I know using it has 100s of employees. They even have a paid developer on staff that writes and maintains custom modules for them. Smallest business I know of using it has 5 employees, including the owners.
It’s seriously impressive software!