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MYOB

Is MYOB Advanced - The Future Of Accounting Software?

MYOB Advanced is a cloud-based, cost-efficient enterprise resource planning (ERP) software. Designed to be easily scalable, it is ideal for meeting the needs of growing small or medium-sized businesses, especially those that would like access to integrated real-time data. MYOB Advanced helps businesses streamline and automate their processes, thereby maximizing their profitabilities.

MYOB Advanced’s function-specific features create a single-platform end-to-end management experience for businesses. The software can help you with handling many aspects of your business—including accounting, manufacturing, inventory management and distribution, finance, reporting and analytics, job and payroll management, as well as customer relationship management (CRM).

MYOB Advanced allows you and your team to access a single integrated database of information anytime, anywhere. It also has an excellent in-class security suitable for businesses.

MYOB Advanced has straightforward monthly subscription plans that can also be flexible to meet the needs of your business.

Features of MYOB Advanced

MYOB Advanced is an extremely comprehensive modular business management system. It connects all aspects of your business on the cloud, thus providing a cohesive, powerful, customized, and secure experience. The central features and benefits of MYOB Advanced include:

  • Accessibility to information anywhere and anytime
  • Real-time data reporting
  • Cash flow reporting
  • Bank feeds
  • Customizable workflows and dashboards
  • A client self-service function
  • A large range of financial analysis reports to help you make business decisions
  • End-to-end supply chain control
  • Field service management
  • The management of your customers, contacts, and prospects.
  • The management of the goods and services tax (GST) as well as different currencies.
  • The tracking of your supplier prices, landed costs, and purchase orders.
  • The tracking of your orders, distribution, deliveries, and/or special promotions
  • The control of your inventory across multiple storage units in various locations.
  • A reduction in cost and complexity in IT management
  • Security and quick backup suitable for business; avoidance of server attacks due to MYOB Advanced’s cloud-based nature

What Industries Can Use MYOB Advanced

The various features of MYOB Advanced are of value to a diverse range of industries. The software was designed to be easy to learn and use, regardless of your background. Moreover, it helps reduce the complexity and effort of IT management, meaning it would be of great assistance to you even if you are a non-technical person. Some industries that MYOB Advanced is ideal for are listed below:

  • Agriculture
  • Construction
  • Distribution
  • E-commerce
  • Education
  • Engineering
  • Entertainment
  • Field Services
  • Financial Services
  • Hospitality
  • Manufacturing
  • Medicine
  • Non-profit
  • Professional Services
  • Retail
  • Software
  • Technology
  • Trade Services
  • Wholesale

Why Should You Use MYOB Advanced?

Cloud-based and easy to use

MYOB advanced is fully cloud-based and can run on any device from anywhere, anytime. It's convenient for teams out on the road since there's no software to be installed. Moreover, ongoing maintenance of the system is easy because you don't need to do all the upgrades yourself.

Advanced Inventory management

MYOB advanced has serial and lot tracking to track expiration dates and internal transfers because it has the capability of having multiple warehouses in multiple locations. You can automate the purchase orders through replenishment and track discounts and promotions by customers using the sales price matrix. Most importantly, the entire matrix capable inventory allows you to stock items of different sizes without having other item numbers.

Requisition Management Features and Capabilities

For some organizations, requisition management is vital because they may need to requisition from any position within your organization, whether it is a technician on the field service call or the manager of the purchasing group. MYOB advanced's requisition management provides that control through workflows, the capability of building catalogs, from the ability to create sales orders and customer codes right from the requisition. Also, all requisitions come with a complete order trail which will become part of the advanced database.

MYOB Advanced: The Future Of Accounting Software

MYOB Advanced is the future of accounting software with six distributions: Advanced Inventory, Sales order management, Purchase Order Management, Requisition Management, Advanced Financials, Warehouse Management System. The integration and tight interdependencies within MYOB advanced make each of these works seamlessly together.

MYOB advanced has the capability of improving customer satisfaction by making sure that people get what they order in a way that is attractive to them. Although customer satisfaction is increased, the cost is not increased because of the efficiencies that you gain within the MYOB advanced product.  MYOB advanced also reduces the time from order to delivery. It has the internal capabilities to meet the expectations of the customers. It also gives you visibility so that you know where your business is, know who your customers are, what their needs are, and how best to serve those needs.

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