03 Feb What is MYOB advanced?
Did you know that all of your company’s finances, distribution, warehouse management, services, projects, manufacturing and CRM may be managed using ERP software? MYOB Advanced is a cloud ERP system that many businesses use. When you use this software, everyone on your team can access the same database of information from any device, at any time. Your organisation can benefit from a variety of function-specific capabilities, which all work together effortlessly. Core functional suites of MYOB Advanced include the following modules:
- General Ledger
- Single touch payroll
- Superannuation and leave tracking
- Inter-company accounting
- GST and BAS
- Tax management reporting
- Fixed assets
Management of Customer Relations (CRM)
Get to know your customers better with a range of tools that help you track and manage your pipeline, as well as automate customer service responses.
Improved stock management
Improve your purchasing, stock turnover, order fulfilment, and logistics with integrated technologies to manage the difficulties of delivering on-time and in-full to your consumers.
Workflows such as Bill of Materials, routeing, MRP, scheduling, configure-to-order manufacturing (CTO), engineering change control, and quality management can all be integrated seamlessly into the production process.
Accounting for a project
Assist in the administration of projects and ensure the inclusion of proper project data in corporate financial reports. Included are project-specific planning and accounting as well as inventory and timekeeping.
Intelligence-based reporting and business analytics
Reports may be created and dashboards can be viewed using the usual features available in the software. Microsoft Excel and more powerful business intelligence and reporting technologies can easily be integrated.
A full field service management solution can help you keep track of your workers out in the field. Allocate technical workers to service jobs; schedule your resources; and invoice replacement components as well as time. Use the service map to keep tabs on and improve the flow of your technical staff’s routes. Your customers’ servicing needs can be summarised with the help of warranty and preventative maintenance plans. It’s all doable on the go with a mobile device.
Tales of success
MYOB Advanced has proven to be considerably value for a wide range of industries.
Small to medium-sized businesses (SMBs) looking for a solution that gives them complete control over their financial operations will benefit greatly from MYOB Advanced.
Due to the fact that it was launched in 2015 as MYOB’s main ERP system, MYOB Advanced has been instrumental in helping Australian businesses implement an enterprise-wide strategy to managing their business operations, finances, inventories, production, and customers.
One of MYOB’s most successful products is based on the Acumatica software, although it was built exclusively for the Australian and New Zealand market. A increasing number of Australian businesses are embracing the cloud as a way to grow their company and gain access to new prospects and benefits.
Is it a good fit for my company’s unique needs?
MYOB Advanced is a user-friendly, cost-effective platform that connects all parts of your business management. For developing mid-sized organisations, it is a good fit because of its extensive feature set and SaaS / Cloud flexibility.
What distinguishes MYOB Advanced from the competition? An extremely customizable General Ledger allows you to handle your finances in accordance with your specific business structure, as well as advanced project accounting features. The MYOB Advanced software suite also includes inventory management, purchasing, filing and retrieval services, customer relationship management (CRM), manufacturing, and sales.
In a wide range of industries and business types, the solution is also utilised to handle all aspects of the business process.
As your company expands and becomes more sophisticated, you’ll benefit from using an enterprise solution that incorporates features tailored to the needs of growing companies.