MYOB Exo Business – Solutions for growing companiesLocal ERP software for Australian and New Zealand businesses, MYOB Exo is feature rich and grows with your business into the future.
Customisable, reliable, and efficient. The MYOB Exo Business software suite is a fully-featured, on-premise Enterprise Resource Planning (ERP) solution for your growing business. It is purpose-built for the Australian and New Zealand markets to help you run every aspect of your business all in one place. Ideal for growing small-medium companies looking for a local ERP, MYOB Exo can handle the extra complexity that comes naturally with your growth.
What is MYOB Exo?
MYOB Exo is a modular ERP solution built on a core Finance system. It gives you complete financial control of your business through the well-structured General Ledger and the subsidiary Debtors, Creditors and Stock ledgers. But there is more to MYOB Exo than just the accounts – it incorporates a full suite of modules for you to leverage, depending on your business’ needs. These modules are tightly integrated so that you are working from a single source of truth across your entire organisation but with much greater scope than typical accounting software. The ability for MYOB Exo to capture and analyse both financial and non-financial data from all aspects of your organisation is what separates it from other accounting solutions.
What are the features of MYOB Exo?
- A flexible General Ledger and Account Structure
- A platform that allows deep integration with both internal and external products
- Based on a modern MS SQL database
- Superior MYOB inventory management capability
- We can create a limitless number of custom reports to complement the suite of over 400 native reports.
- A Multi-Company licence structure, if required.
Working from a single source of truth means that you have a complete, consolidated picture of your position and will always be informed when making critical business decisions. It removes the need to replicate your data entry across different systems, lowering your error rate and, most importantly, improving efficiency.
MYOB Exo has been built on robust and reliable technology, using Microsoft SQL as its database. Microsoft SQL makes it possible to interface with MYOB Exo on many different levels, integrate add-on products or introduce new automation such as MYOB Bank Feeds. Gone are the days where you need one single app to perform every single function. The best practice is to combine your core MYOB Exo software with best-of-breed add-on services to enhance the capability of your system.
Easy integration with MYOB Exo
Kilimanjaro Consulting’s custom-built synchroniser for MYOB Exo: Synkit is a flexible and configurable tool that can suit any integrating need. Leveraging Synkit promotes the push and pull of data between your core MYOB software and the integrated add-on products. The ability to have real-time data flowing across your system is what makes it even more powerful. Integrating applications that were not purpose-built to work with MYOB Exo is a significant point of difference to your competitors. You can have the added benefit of multiple MYOB Exo integrations and realise the full power of your systems with SynKit.
ExoHosted – Your MYOB Exo System in the Cloud
MYOB Exo is a well-recognised on-premise ERP system. However, often the demands of the modern world necessitate cloud-based access to your systems and data. While MYOB Exo can still be delivered on-premise, ExoHosted can bridge the gap and give you reliable, remote access to your MYOB ERP system in the cloud.
ExoHosted represents the next step in accelerating your business to heights previously unimaginable and at a reasonable cost. You can rest assured that our servers are in a highly reliable, modern, and automated environment managed by our hosting division. Accessing MYOB Exo online increases its flexibility and accessibility without sacrificing its in-depth control and coverage of your business’ data.
Kilimanjaro is positioned to take your business into the cloud if and when you need it. Visit our more detailed page to find out more about how ExoHosted can be integrated into your business!
Who will benefit from MYOB Exo?
MYOB Exo typically finds its place in businesses dealing with inventory, importing, warehousing and job or project costing. The MYOB Stock Control functionality gives you multiple ways to define and categorise stock. It deals seamlessly with multiple warehouses. It can also provide detailed reporting on crucial inventory factors, such as slow movers and used by dates. Importing, warehousing, distribution, and retail businesses are examples of industries that have seen improvements in efficiency from MYOB Exo.
Businesses with an operational, task-driven focus will also see success with MYOB Exo. Multiple tasks can be performed by anyone in the organisation, ultimately leading to faster and more efficient completions.
When should you upgrade to MYOB Exo?
There are many warning signs that you are beginning to outgrow your current accounting software. Once you recognise these signs, it is best to be proactive in looking for a solution so that your business can keep growing without being held back by your old system. The signs to look out for are:
- Increased transaction volume places pressure on your old system.
- Your business’ accounts and structure are becoming more complex.
- Multiple locations and multiple users who need access to the system.
- Complex importing, exporting, and distribution requirements.
- You have too many disparate systems, be they add-on products or spreadsheets.
If your current software no longer supports your organisation to a satisfactory level, explore how you can make the transition to a more powerful ERP software.
Make sure your data survives the transition to MYOB Exo
Typically, when you upgrade from MYOB AccountRight into the ERP space, your transactional history would be left behind in your old system. Your ERP system is designed to become a single source of truth for your data. To try and accommodate a smooth implementation, our team at Kilimanjaro Consulting have developed a tool that can import your transactional data out of MYOB AccountRight and into your new MYOB Enterprise software. As every implementation, company, and transition is different, our team of consultants will help you to identify if the use of this tool is right for you. The possibility exists that you can hit the ground running when you go live and leverage the full power of your new reporting and accounting suites.
The Enhanced Functionality of MYOB Exo
Compared to other systems, MYOB Exo has a much more comprehensive reporting capability. There are around 400 standard reports available in MYOB Exo. However, an inbuilt report-writer allows customisation of these reports or entirely new reports to give exactly the information you require. Dashboards and widgets are configurable to show all the critical information in one place in real-time.
MYOB Exo is well architected to expand with your business as you grow. Extra licences can be added as you require them, and you can implement additional modules that you may not have initially need in your initial implementation.
The full suite of MYOB Exo is made up of several integrated modules:
MYOB Exo’s Finance Module offers accounting, sales order processing and reporting functionality.
MYOB Exo’s Job Costing software provides real-time financial information so you can make decisions quickly.
The MYOB Exo OnTheGo App allows your sales team to work anywhere, anytime.
MYOB Exo POS assists retail and Point of Sale (POS) based companies by giving complete transactional visibility and integrating into the Finance and Payroll modules.
To find out how MYOB Exo stacks up against other enterprise software packages, read our ERP accounting software reviews here.
MYOB Exo gives RMHC Stability and Efficiency
Many Australian and New Zealand businesses have experienced growth and success with MYOB Exo over its long history. Companies such as the Ronald McDonald House Charity (RMHC) are a brilliant example of how businesses can see success with MYOB Exo. Their new system cut down manual labour and paperwork; with automation and Electronic Data Interchange (EDI).
Explore the new look and feel of MYOB Exo
As of version 2021.1, the visual overhaul of MYOB Exo has been completed. Experience the new look and feel of the User Interface with a demonstration from our National Service Delivery Manager (AU) Kate Cramer.
Why should you choose MYOB Exo?
Choose MYOB Exo if:
- You need a consolidated view of your company’s data
- You need extended reporting functionality
- You need a highly configurable system that can integrate with other products
- You need a reliable, tested product to manage your future
- You have on-premise servers and a Microsoft SQL database, lowering the capital cost of implementation
- You are spending too much time manually manipulating your data in Excel
- You want access to your SQL database but within a cloud-based environment
An important update to email authentication in MYOB Exo
Microsoft has recently announced they are ending support for all their Basic Authentication services, excluding SMTP Authentication, in Microsoft Exchange on October 1st, 2022. This will affect MYOB Exo sites that still use Basic Authentication in their System Email Accounts.
Basic Authentication is no longer considered secure and is being replaced by a more sophisticated (OAUTH) authentication method using certificates. Microsoft will roll out the transition over the next 3 months, with all Basic Authentication in Microsoft Exchange Online being turned off by 31 December 2022.
We recommend switching the System Email Accounts configuration to Modern Authentication (OAuth 2.0) to avoid a connectivity loss.
What does this mean for me?
Suppose your company runs applications that use Basic Authentication to send emails, including SMTP emails, through Microsoft Exchange Online. In that case, these will need to be updated to use more secure forms of authentication. Many clients send emails from MYOB Exo using SMTP, which could be impacted. Other applications that send emails could also be affected.
What should I do?
Please notify your Kilimanjaro support team if you encounter any authentication errors when sending emails via MYOB Exo SMTP or any other MYOB Exo Connected Services after the 1st of October. We will investigate and advise the most suitable option. There are several ways of addressing this issue, from updating your delivery or authentication method in MYOB Exo to utilising an SMTP relay server.
MYOB Implementation and Pricing
We follow a tried and tested, structured methodology to guide you through the implementation process. We work to reduce risk in all forms so that your system will work exactly as it needs to when you go live. Our philosophy is that you need to become self-sufficient.
Asking how much an ERP system costs is much like asking: “How long is a piece of string?” In saying that, although estimation can be difficult, there are factors that will have an impact on the price, which you should know about.
MYOB Exo implementation is highly competitive with other mid-market ERP systems. However, there is no compromise on the coverage and functionality of your software. As a result, through increases in efficiency and the better use of your internal resources, MYOB Exo will typically give you a rapid return on your implementation investment. You can also manage your implementation budget by deciding how much of the implementation tasks you take on yourself. There is, naturally, work that only we can do, which depends on the skill levels inside your organisation. We believe that the more you participate in the design and implementation of the system, the better equipped you will be to become self-sufficient.
Kilimanjaro Consulting is the partner of choice for all MYOB Enterprise products. Over the past ten years, we have been continuously recognised in the annual MYOB Partner Awards. Make sure your implementation is in safe hands by working with MYOB’s Number One Partner.
You can read more about our implementation methodology on our dedicated information page.
MYOB Exo Support from your trusted partner
The MYOB Support Sherpas will help guide you to the best possible solution, if and when you face a problem in MYOB Exo. With decades of experience between them, the MYOB Support team take a collaborative approach when solving your issue.
Kilimanjaro Consulting offers “follow the Sun” support. With offices from Auckland, NZ to Perth, AU, our team is on call during your operating hours to resolve any challenges you may face.
An integral part of Support Services is the methodology undertaken when dealing with support issues. The initial aim of the Support team is to establish the desired outcome with the client and work from there. Knowing more about the client’s issue means the team can provide multiple resolutions.
Do you need more than what MYOB Exo can provide?
MYOB Advanced is a cloud-based business management system that is ideal for complex medium and large organisations. Like MYOB Exo, it is localised for Australian and New Zealand businesses. MYOB Advanced is a true SaaS system designed to make your business more efficient and mobile. The key benefits of using MYOB Advanced are:
- No hardware maintenance costs. MYOB Advanced is 100% cloud-based; MYOB and Amazon Web Services manage all hardware and infrastructure requirements.
- Straightforward monthly pricing plans. All your expenses are bundled into a manageable monthly subscription.
- Access to your data while on the go, either via a web browser or the MYOB Advanced App.
For more information on how to choose the right ERP system for your complex organisation, and to learn all the different factors you should take into account, download our “Making your way through the ERP Selection process” e-book.
MYOB Exo has a long and rich history, from its early days as ExoNet up to the latest releases. Each new release adds new features and functions to the already powerful system.
To learn more about the latest additions to MYOB Exo Business, visit our version history page here.