MYOB began the year with the surprise launch of a cloud-based ERP for mid-size companies. MYOB Advanced Live is a localised version of a respected US program called Acumatica.
Some readers have asked how MYOB Advanced stacks up against MYOB AccountRight and Xero, but the programs are targeting different markets.
Xero and MYOB AccountRight are intended for micro and small businesses with less than 100 employees, though they were originally designed for about 20 staff.
MYOB Advanced is for companies with 100 to 500-plus staff and is designed to handle more complex accounting. For example, one subscription can handle multiple company files and provide intercompany consolidation and reporting. The inventory handles consignments, kit assembly, multiple warehousing and supplier purchase agreements.
Asset tracking includes depreciation and service schedules. The sales and customer management module can send bulk email marketing campaigns to customers.
MYOB Advanced is relatively affordable given the number of features at A$99 per user per month (NZ$109) for the entry-level Standard edition.
The Standard edition gives users access to all functions, while Plus (A$139) and Enterprise (A$179) add greater numbers of workflows and more licence types such as sales, warehouse, projects and finance.
An employee user licence costs between A$12 to A$25 depending on edition and volume.
MYOB sent through the full feature list. Here’s MYOB Advanced’s Edition_Comparison_Chart for those interested in what you get for each edition.