MYOB Acumatica (formerly known as MYOB Advance) is a cloud ERP for growing your business.
Are you trying to manage your business finances, inventory by yourself? MYOB Acumatica could help! It’s a cloud-based Enterprise Resource planning (ERP) that provides various managing business processes. With key features and the benefits of using MYOB Acumatica with your business.
It connects many different business functions like accounting, inventory, manufacturing and payroll. Offers real-time insights to streamline operations. MYOB Acumatica is perfect for small to medium size businesses because it can make seeing the inventory easier, the finances all in one spot, paying all the employees with payroll systems automatic and it has many more functions. MYOB was originally developed accounting software that evolved into the cloud. Acumatica is a USA based company that provides cloud ERP solutions. MYOB invested in Acumatica and became its exclusive partner in Australia and New Zealand.
The key features in MYOB Acumatica include for complete beginners
Cloud-based ERP system
MYOB Acumatica is an cloud-based so you can access the entire business system anytime, anywhere with the insurance with the secure cloud hosting that will keep your data safe, and easy to manage. It can also work offline and will sync up with all of the systems when the internet is online.
Real-time reporting & analytics
You can make more informed decisions with live dashboards, customizable reports so you could see which item in what area is selling the most and which it is not. The instant access to key metrics across all of the business areas.
Financial management
Streamlining your Accounting process with MYOB Acumatica integrated General Ledger, Accounts Payable/receivable, cash management, and automated compliance features. You could change the AUS dollar to NZD dollar easily.
Inventory & warehouse management
You can optimize stock control with the real time inventory to see what are you selling the most so you could get more stock in those items. Automated replenishments so if an item below a certain number of stock it will order more stock for that item. Multi-location warehouse visibility so you can see where the stock is supposed to be and accurate costing.
CRM capabilities
To build a stronger customer relationships with integrated lead, sales, and service management tools for more marketing efforts.
Integration options
Connect with a wide range of third-party applications, from eCommerce platforms to industry-specific software, ensuring smooth data flow across your systems.
Scalability and customisation
Adapt the system to your unique needs with configurable workflows, tailored dashboards, and the flexibility to scale as your business grows.
That can streamline operations and to improve efficiency across the different departments and operations with real time insights.
The benefits of using MYOB Acumatica is:
- Accessible anywhere, anytime, using your phone, computer, tablet, etc. As long as you have the internet for the real time updates for your stock but can work offline.
- Reduces the process of handling information between different systems that leads to inefficiencies and errors. It can automate data workflows and processes to minimize manual input and to ensure that the data is consistently across platforms.
- The cost efficiencies compared to other multiple systems . It would be cheaper for the licensing cost , IT maintenance expenses and it would be all in one system that you don’t have to figure out where the problem with the connection with multiple systems
How MYOB Acumatica’s different models typically work together
- Field Service Edition works with CRM, sales, inventory, purchasing, and accounting, allowing for better streamlined dispatch process to reduce response times and to improve customer satisfaction.
- Manufacturing Edition integrates with General Ledger, CRM, Project Accounting, Payroll, Inventory Management, and Distribution, providing real-time coordination and visibility across the entire production process.
- Construction Edition includes modules are for contracts, budgets, job costing, and change orders, seamlessly integrating with in the core Acumatica platform to manage projects and financials.
- Professional Services edition integrates with MYOB Accountants Office and MYOB Accountants Enterprise, allowing practices to manage client details, addresses, and user access within one system, according to MYOB.
- MYOB Advanced with Workforce Management, an add-on module to MYOB Advanced Payroll, brings together onboarding, rostering, timesheets, and payroll into a single, automated solution.
MYOB Acumatica vs Other ERP Systems
The difference between MYOB Acumatica and Netsuite. Netsuites is more of a lager faster growing business with international operations. It has more features for muti-currency and mutil-langauage support. On the other hand MYOB Acumatica offer more of a financial management and customization for medium to small size business.
What Makes MYOB Acumatica Unique?
- A true cloud Architecture – MYOB Acumatica is built on a modern cloud platform. This means you can get automatic updates, scalability and you can have access from any device without any costly infrastructure.
- Real-time insights – Live dashboards and the customisable reporting to give you instant access to the accurate data. You can monitor your cash flow, sales performance, or stock levels as they happen, helping you act fastener and more strategically
- High Customisability Without Heavy Coding – you can change your workflow, fields, and user interfaces with your needs for the business mostly without IT involvement. MYOB Acumatica systems adapt to your business, not the other way around.
- Flexible Licensing & Local Support – an subscription based models and the support teams make it easier for local business to adopt and grow with the systems, with no lock in per-user pricing
Who Should Consider MYOB Acumatica?
Industries that would benefit would be
- Wholesale & Distribution – For businesses needing advanced inventory control, multi-warehouse management, and supply chain visibility.
- Manufacturing – companies that require job costing, production scheduling, and materials tracking.
- Construction & Trade Services – managing projects, budgets, contracts, and compliance from one platform.
- Professional Services – firms needing integrated project accounting, CRM, and financial reporting.
- Retail & eCommerce – those seeking a seamless connection between online/offline sales, inventory, and finance.
- Not-for-Profit & Membership Organisations – managing grants, funding, and member data with full compliance reporting.
The best size for MYOB Acumatica would be medium to small business.
Getting Started with MYOB Acumatica
Steps to implement with MYOB Acumatica
- What are your business needs – automation in payroll, Distribution, inventory ect.
- What do you want from MYOB Acumatica for your business needs
- Talk to an MYOB Acumatica provider
- The MYOB Acumatica provider will help you to transition into it and grab you a demo version of what it can look like.
- The provider will also help you to train your staff.
FAQ
What is the difference between MYOB and MYOB Acumatica?
The difference between MYOB and MYOB Acumatica is that MYOB is just an accounting software that is focused on bookkeeping, payroll, and expenses, designed for small business without the extension of ERP functions. MYOB Acumatica is a cloud based Enterprise Resource Planning (ERP) Platform that is offering modules for inventory , CRM, accounting, payroll, ect.
How much is MYOB Accumatica Australia?
Is a subscription that is priced by per-user, per-month and could vary by edition (Enterprise, Plus, Standard). Roughly the price is $131 – $273 per user, per month, plus an implementation fee.
Can I buy MYOB outright?
MYOB products are more subscription-based that are monthly or annually. Optional add on you can have is payroll and inventory but there is no outright perpetual purchase model.
MYOB Acumatica is to help you grow your small to medium business by automating payroll, finances, accounting, inventory, manufacturing.