Acumatica – the engine that drives MYOB’s cloud ERP

Enterprise Resource Planning (ERP) solutions, also known as Business Management Systems, provide 360-degree visibility of business operations. Acumatica is a powerful, cloud-based business management system. It streamlines and automates processes, creating a leaner, more accurate, and more efficient operation.

In Australia and New Zealand, Acumatica is known as MYOB Acumatica. MYOB Acumatica was formerly known as MYOB Advanced.

Moving to a powerful cloud ERP is a sure step along your pathway to the cloud. The cloud gives your team the power to work anywhere and at any time with up-to-date information. It also enhances communication and collaboration between teams and breaks down data silos.

What is Acumatica?

Acumatica is the industry-leading, cloud-based business management platform that powers MYOB Acumatica (formerly MYOB Advanced).  It is the fastest-growing ERP solution in the world, thanks to its unparalleled flexibility and midmarket functionality. The Acumatica Cloud ERP improves efficiency with its intuitive and award-winning User Interface (UI). It empowers collaboration and gives secure access to company data from any device.

What is MYOB Acumatica?

On July 16, 2024, MYOB changed the name of its cloud MYOB Advanced product to MYOB Acumatica. MYOB Acumatica is built on the Acumatica framework and localised for the Australian and New Zealand markets. MYOB changed the name from MYOB Advanced to MYOB Acumatica to represent the growing alignment between the two cloud ERP systems.

Acumatica – the fastest-growing Cloud ERP

First developed in 2008, Acumatica was built for the cloud and made for integration. It empowers collaboration across your team and workflows, resulting in improved efficiency. The Acumatica Cloud ERP platform improves accessibility, allowing connections from anywhere and at any time.

Acumatica is a fully integrated, fully-featured platform from which you can manage your entire organisation. Built on a Software as a Service (SaaS) model, costs are flexible and much lower upfront than an on-premise system. The SaaS model also makes Acumatica scalable and growth-friendly, able to accommodate changing requirements now and into the future.

Chief among Acumatica’s benefits is its usability. In 2022, Nucleus Research ranked Acumatica as Number 1 for usability compared to 16 other ERP platforms. Of these 16, only 5 were ranked in the leader quadrant of a Value Matrix. Acumatica has the highest customer satisfaction rating in the industry.

Benefits of the Fastest-Growing Business Management Solution

An Acumatica implementation can have significant benefits and productivity improvements for your organisation. The cloud naturally facilitates innovation and collaboration, bringing many:

• Unparalleled data accessibility
• Real-time data insights and analytics
• Scalability and elasticity
• Cost savings and practicality
• Business continuity
• Security and Privacy
• Integration
• Automatic updates

Industry-Specific Acumatica ERP Applications

Shared data and cross-team workflows make collaboration seamless and drive efficiency. Acumatica is modular, and you can build out the system’s functionality to suit your needs, including HR cloud solutions. From Finance to Payroll, Inventory to Projects, Acumatica can connect data in one place, eliminating manual data duplication and improving efficiency.

Solutions for enterprising industries

Acumatica’s robust and reliable platform can also cater to the needs of specific industries:

• Finance – total control of your bottom line across multiple entities, locations, currencies, and countries,
• Construction – keep projects on track with managers, supervisors, subcontractors, and customers all on the same page,
• Manufacturing – visual scheduling, rule-based product configurations, and material planning to streamline your production process,
• Retail/e-Commerce – a seamlessly connected storefront and back-office, along with an integrated Customer Relationship Management (CRM) tool,
• Distribution – make more intelligent decisions with automated quote-to-cash cycles and simplified item and warehouse management,
• Multi-Entity organisations – streamline intercompany reconciliations and gain improved management of your entire complex organisational structure,
• Not-for-profit – drive donations and account for several different sources of funding without compromising the importance of compliance and auditability,
• Field Services – empower your mobile workforce with GPS navigation, expense capturing and mobile phone compatibility.

Acumatica’s functionality can be extended with pre-built and integrated software solutions. The platform is developed to allow custom integrations from a low-code/no-code environment. This allows Acumatica users to adjust the system to meet their changing needs.

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Acumatica Integrations and the Connected Business

With the growth of technological innovation, there has been a wave of 3rd Party add-ons or companion products created for cloud-based ERP solutions. Just as iPhones and iPads have applications to extend their functionality, new products are becoming available within the Business Management space. Technology has become less expensive over time, and many solutions are available at more affordable prices.

These add-on solutions are tightly integrated into your system to support your core ERP software. In this way, you extend the scope and functionality of your system without compromising your Business Management Solution as a single source of truth. Integrating third-party add-on solutions is the key to building a fully Connected Business. With integration, you remove the need to manually re-enter data across disparate systems, eliminate errors and free up your team to focus on more critical tasks.

Acumatica has been built with native integrations and integrations via Application Programming Interface (API) in mind. With the Acumatica Cloud ERP platform, you can create an entirely unique business management platform with a suite of connected modules and integrated add-on solutions to support every aspect of your organisation.

Integration is only possible when implementing a cloud ERP solution with open APIs. Open APIs use a universal language, making it easy for developers to connect multiple applications simultaneously. Acumatica can be your centralised cloud-based ERP solution, providing a single source platform of truth across the company.

Customer Relationship Manager – CRM

Customer relationship management (CRM) software helps build strong relationships with clients and prospects. The system records interactions, customer and company information, and more so that you have all the relevant details at your fingertips. A CRM system helps companies stay connected to customers and streamline processes to build stronger relationships and improve profitability. When people talk about CRM, they usually refer to a CRM system or platform, a tool that helps with contact management, sales management, and productivity. Acumatica has native integrations with best-of-breed CRM platforms such as HubSpot and Salesforce.

e-commerce

E-commerce (electronic commerce) platforms facilitate (typically) business-to-consumer (B2C) sales across the internet. These tools include detailed product and service information and the ability to track searches, customer purchasing behaviour, and shipping information.

The COVID-19 pandemic of 2020 caused e-commerce adoption to spike significantly. Acumatica has native connections with popular e-commerce platforms such as Shopify, Magento, and BigCommerce.

Acumatica is the engine that drives MYOB Cloud ERP

In 2014, MYOB reinforced their commitment to building robust, local, and compliant cloud-based solutions for mid-market enterprises with its minority investment in Acumatica. Before commencing the partnership, MYOB had reviewed a range of globally available technology platforms that would provide the ideal platform to extend into the online space for upper-mid-market businesses.

The new solution that MYOB launched as a result of their partnership with Acumatica was then known as MYOB Advanced. Now, MYOB Advanced is known as MYOB Acumatica. MYOB changed the name from MYOB Advanced to MYOB Acumatica to represent the close bond and aligned objectives of both MYOB and Acumatica – improving efficiency in the cloud for midmarket organisations. Acumatica and MYOB Acumatica share the same platform and functionality. Acumatica is the engine that drives MYOB’s cloud ERP solution MYOB Acumatica.

MYOB Acumatica is Acumatica for Australia and New Zealand

If a cloud-based ERP system is the engine that drives your organisation, then MYOB Acumatica ensures that the steering wheel is on the right side of the car. You get to leverage all the power, versatility, and usability of the fastest-growing cloud ERP in the world. However, with local configurations, you can enjoy a smoother ride in software that is made for your organisation.

There are advantages to using the right software for your organisation. MYOB have localised Acumatica to fit the needs of the Australian and New Zealand markets. Using localised software in your organisation improves your ability to meet compliance standards – especially regarding tax rates, GST, and other legislated reporting. This includes compliant payroll for both Australia and New Zealand. Local software has local support so that you can get the proper assistance when you need it.

MYOB has also introduced MYOB Acumatica Workforce Management to the platform. This additional module allows you to manage your team across various areas, such as rostering, timesheets, and onboarding. MYOB Acumatica (formerly MYOB Advanced) is the only platform available to the ANZ midmarket that can cover your ERP system, Payroll, and Workforce Management. It is one platform to manage your entire organisation.

Take the next steps in the cloud

Realise the benefits and functionality of the fastest-growing ERP platform in the world with MYOB Acumatica. Kilimanjaro Consulting is the premier implementer of MYOB Acumatica in Australia and New Zealand. Our low-risk approach and structured methodology ensure you and your organisation are in the safest hands regarding your new Business Management System.

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If you have questions about Acumatica, MYOB Acumatica, or how to improve efficiency with the clever use of proven and innovative technology, send an email to sales@kilimanjaro-consulting.com or call 1300 857 464 (AU) or 0800 436 774 (NZ).