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Why MYOB Online Software Is the Right Tool for Your Business

Comparing cloud ERP vendors? Find out what makes MYOB Advanced the choice for small business and growing companies to improve performance and simplify success.

Keep it Simple, Stupid (or KISS) is a design principle stating that most systems work best when they’re kept simple, rather than being made complex. Although first noted by the U.S. Navy in the 1960’s, it still rings true for businesses today.

MYOB is another business solution that has been around for a long time – since 1991, in fact. It also focuses on simplifying success while helping businesses grow.

If you’ve been with multiple, different business systems and realising that it’s adding complexity, is it time to kiss existing systems goodbye and look for the right tools to support your business growth?

MYOB online software may be the solution you’ve been looking for. The MYOB Advanced version is cloud ERP business software designed to set your business up for scalable growth. But with so many ERP systems out there, why should you consider MYOB Advanced as the best cloud software to improve business performance?

What is MYOB’s story? 

MYOB is a leading provider of business management solutions in Australia and New Zealand. Established in 1991 from a home office, it had a revolutionary idea to make accounting easier for non-accountants. The first MYOB product was born, and ever since, has helped startups and small businesses to be more productive, stay competitive and save time and money. Now, 60% of businesses in Australia that use accounting software are using MYOB.

MYOB offers a wide range of desktop and cloud-based business management tools that make life easier for all businesses ranging from small and growing to large, enterprise companies. MYOB has helped over 1.2 million Australia and New Zealand businesses grow, supporting them with its network of over 40,000 accountants, bookkeepers and professional partners.

“MYOB has helped over 1.2 million Australia and New Zealand businesses grow, supporting them with its network of over 40,000 accountants, bookkeepers and professional partners.”

What is MYOB online software?

Recognising the swift rise in popularity for cloud-based business systems, MYOB responded to the market with an accessible and flexible, cloud-based ERP software package. More than just accounting software, MYOB Advanced work extremley well for small and growing businesses right through to larger organisations needing multi-entity support.

MYOB Advanced is scalable cloud ERP software that provides a true, single-source solution. That means it doesn’t only handle one area of business such as accounting or financials. It is business management software that handles all your core business functionality like inventory management, purchasing, accounting, sales and marketing, CRM and more. And, it all uses the same data source to provide data consistency across the entire business. But more on this later.

“MYOB Advanced is scalable cloud ERP software that provides a true, single-source solution.”

What are the advantages of MYOB Advanced?

20171128-MYOB-Advanced-Cloud-ERP-Software.jpgCloud-based access

Cloud-based software has quickly taken off in recent years due to its accessibility and the flexibility it provides to business owners and employees. No matter where you are, you can always see your up-to-date business position. Having a system that allows you to you’re your business with you can keep you on the front foot, making agile business decisions the moment you need to.

With all information stored and tracked within one platform, you have a full history of interactions with customers, financial transactions, scheduled meetings, calendar reminders and more.

Giving your sales reps access to product and stock information when they’re in front of prospects and customers can be invaluable. There’s no calling back to the office to check information. Reps can also keep CRM records updated on the go, no longer needing to wait until they’re in the office to enter information (which may not be as fresh-in-mind by that time).

Cloud access gives you and your staff the flexibility to stay productive whether they’re in the office, out on site or working from home.

“Cloud access gives you and your staff the flexibility to stay productive whether they’re in the office, out on site, or working from home.”

Reduced set up costs

On-premise ERP software involves having servers set up at your business location, adequate facilities and security to keep those servers safe and temperature-regulated, and staff who can set up and maintain the equipment.

MYOB Advanced is a cloud-based solution utilising local, Australian-based Amazon Web Services (AWS). There’s no complex infrastructure setup needed – MYOB keeps it simple and provides reliable web-based access using Australian servers that you don’t have to implement or maintain.

Real growth potential

As your business grows, so does the complexity and the need to invest in more capable business management software. MYOB Advanced is a customisable platform that is designed to meet your current business requirements while being flexible enough to meet future demands.

MYOB Advanced is perfect for growing businesses looking for multi-entity support – whether that’s now, or down the track. Start with the one system that will continue to grow with you. By including the ability to customise and to integrate with other, 3rd party applications, MYOB Advanced is a system that continues to support your business as its needs develop.

Who owns your data?

It’s a question that many people have with cloud software platforms – who owns the data when it comes to cloud solutions? For MYOB Advanced, that’s easily answered. You retain ownership of your data. You simply license the system in which your data is stored and the data always remains yours.

What about cloud security?

20171128-MYOB-Advanced-Cloud-Security.jpgCloud-based data may seem like a new concept, but it’s been evolving over the years and is already a large part of our day to day lives. Whether you’re using internet banking or accessing social media, you’re using the cloud-based system of that provider. What should be taken into consideration is the software application and hardware security measures that are being used by each provider. Most providers will already have much more robust security measures than many businesses have within their existing infrastructure.

Leaving crucial business data on desktops and laptops leaves room for vulnerability. Without advanced anti-virus and anti-malware software deployed on every machine in your office and ensuring everyone keeps their systems updated, ransomware attacks like WannaCry can become a stark reality.

MYOB partners with some of the world’s best suppliers who provide key services and infrastructure such as monitoring for physical security, suspicious activity, server and power redundancy and built-in firewalls. MYOB Advanced is hosted on Amazon Web Services (AWS). AWS is globally acknowledged as a leader in cloud IT infrastructure and provides highly reliable infrastructure to support database management, computing power, load balancing, backup and other related services. AWS has established data centres across the US, Europe, Brazil, Singapore, Japan, and Australia.

MYOB Advanced is hosted in the AWS Sydney Datacentre that has been in operation since 2012. The Sydney based data centre is one of eight global data centres and is based on the successful deployment of other data centres dating back to 2008. For Australian and New Zealand businesses, this means your data is locally hosted, providing fast connection times and the quick response times.

MYOB independently tests and engages external security vendors to test their products both during and post-development. MYOB uses Open Web Application Security Verification Standard which provides application developers and owners the ability to assess the degree of trust that can be placed through their online product offering and guidance to product engineers.

The single-source solution

20171128-MYOB-Advanced-Single-Source-Solution.jpgMYOB Advanced is ERP software that manages all your business’ core functionality and operations in one, single database. Not just accounting and financials with add-ons to inventory or CRM. There’s no waiting for systems to sync and no mismatching data when you’re using the same source of data for all core functionality.

MYOB Advanced provides a full ERP business software suite, managing everything including accounting and financials, sales and marketing, CRM, inventory and more. There’s questioning which system has the most accurate or up-to-date information – it’s all the one, true source of data.

Gaining business insights and managing reporting becomes much easier when using the one system. If you want to know how your new marketing strategies are impacting your sales or how your inventory strategies are impacting your forecasting, using the one system cuts down the time and effort for everyone involved.

What makes MYOB Advanced the stand-out choice?

Here are just a few of the features of MYOB Advanced that are putting it to the top of the list for many businesses looking into cloud ERP solutions. For more in-depth information, check out the MYOB Advanced resources centre.

Top MYOB Advanced features include:

  • Cashflow forecasting
  • Forecast-based purchasing
  • Project and job costing functionality
  • Customisable workflows to define actions and approval requests
  • End-to-end purchase order and landed cost tracking
  • Automated scheduling of sales transactions
  • Locally hosted – all data is stored on Amazon Web Services (AWS) within Australia
  • Multi company accounting for those with multiple business entities
  • Single-user license options available

Is MYOB Advanced right for your business?

Let’s keep it simple. MYOB Advanced is scalable, locally-hosted cloud ERP software that’s been around a long time and knows how to get it right.

MYOB Advanced is suited to small businesses and growing companies and perfect for those in need of multi-entity support within Australia and New Zealand – whether that’s now or in the future. MYOB Advanced can be tailored towards your current business needs and is a customisable platform that can also meet your future demands.

With MYOB Advanced locally hosted in the AWS Datacentre based in Sydney, you can be comfortable your data is in good hands. You also know that security is paramount for a global web services company like AWS.

The mobility of a cloud-solution not only helps you make informed, agile business decisions, but also empowers sales and other staff. They remain productive wherever they are and provide an excellent experience to prospects and customers with a system they can take with them.

“Let’s keep it simple. MYOB Advanced is scalable, locally-hosted cloud ERP software that’s been around a long time and knows how to get it right.”

Where to start?

Want to find out how MYOB Advanced can benefit your business? Take a look at our MYOB Advanced Product Overview Videos.

Speaking to a MYOB partner with the right approach to implementation and local, Australian-based support also ensures the best return on your investment.

JCurve Solutions’ team of highly skilled professionals have a wealth of experience drawing from multiple ERP solutions. Best-practice business processes are just one part of the implementation methodology that has seen over 550 ERP clients choose JCurve Solutions as their ERP partner.

JCurve Solutions is an MYOB partner with its head office based in Chatswood, NSW, and several other office locations throughout Australia. Offering local, Australian-based implementation, account management, MYOB Advanced training and support by a constantly growing team of experts, it’s a great place to start your cloud ERP journey.

Get in touch on 1800 528 783 or book a demo to see how JCurve Solutions can empower your business, simplify operations to reduce costs and grow your profitability faster.

Ready to simplify your success? See the MYOB Advanced functionality with these product overview videos.

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