top of page
  • Integrated Logic

Is MYOB Business Advanced the Upgrade You Need for Your Growing Business?

Before we dive into the world of ERP systems, let’s take a closer look at MYOB Business (previously known as AccountRight) to determine if it’s the right fit for your business. When starting a business, it is common for the business decisions to be based predominantly on cost. Accounting software, such as MYOB Business, Xero or NetSuite, are inexpensive and provide a basic, easy-to-use accounting functionality that is suitable for small businesses.

 

So what can you expect from MYOB Business (or other basic accounting systems)?

  • Accounting functionality

  • Payroll and timesheets

  • Invoicing

  • Tax and GST

  • Reports and basic budgets

  • General expenses

  • Inventory basic

  • Bank reconciliation

  • Multi-currency capabilities

  • Available online and offline

  • Pricing is suitable for a few users in small businesses (includes payroll)

 

Why do I need to upgrade if I already get all those benefits?

While MYOB Business provides basic functionalities, it can be quickly outgrown as your business grows and becomes more complex. A particular concern is MYOB Business’ lack of security surrounding your sensitive financial date… all your users can see just about everything in your accounting system.

 

MYOB Business is a generic product, which lacks functionality and is restricted in the level of customisation available to meet your unique business requirements. Therefore, you may be forced to compensate for these gaps in your system with manual workarounds and reliance of disparate software to help you bridge those gaps.

 

Running a successful business requires more than just accounting software- it demands comprehensive solutions that empower your entire team and streamline workflows to unlock your business's full potential. This is when you should consider upgrading to a fully integrated and powerful ERP system such as MYOB Advanced

 

Introducing MYOB Business Advanced   

MYOB Business Advanced is a cloud-based application that builds upon MYOB Business’s foundation while offering additional features designed to evolve with your business. It is a fully customisable system that can provide you with real-time business insights to help you achieve your business goals.

 

MYOB Business Advanced offers several features:

  • Advanced inventory and supply chain management

  • Warehouse and manufacturing management

  • Comprehensive project management

  • Payroll management

  • Easy financial management with multi-currency options

  • Customer Relationship Management (CRM) integration

  • Customer portals for improved self-service

  • Highly scalable system with unlimited transaction volumes and departmentalised financial reporting systems

  • Customisable dashboard and reporting tools

  • Mobile application and remote access allow you to access your data anywhere, anytime

  • Customisable reporting and analytics

  • Seamless integration with other software and webpages including BI

  • Two-factor authentication and automatic backups for enhanced security

  • Role-based security and delegated authority workflows

  • Configurable workflow engine for automation

  • Regular, automatic updates with no downtime

  • Monthly subscription model for cost effectiveness


We can help choose the right system for your business

At Integrated Logic, we understand that your business requirements change as your business grows. Your software solution should push your business to thrive rather than just survive, and to do this requires the right software. Whether it's MYOB Business Advanced or another tailored solution, we've got you covered.

 

Ready to explore your options? Check out our website or contact us today!

 

 



 

3 views0 comments

Comments


bottom of page