Stop struggling with company data visibility

Data visibility is a cornerstone of business success. It is the fundamental foundation on which you make accurate, informed decisions and lead your organisation.

MYOB Exo is a sophisticated on-premise or hosted ERP system that fully integrates your financial and business management data. The software has been deployed in over 3000 mid-tier organisations across Australia and New Zealand, and they have benefitted from the typically lower cost to implement compared to other mid-market ERP packages. However, as your business continues to grow, the sheer amount of data creates a lack of visibility as data becomes hidden within the depths of your system.

Understanding the importance of data visibility

Data visibility is having access to the right data at the right time. Any impeding processes can compromise both the timely access and accuracy of your information. The longer it takes to have the report, graph, or dashboard ready to look at, the bigger the risk it is out of date and not showing the clearest possible picture. Data visibility is important for:

• Making informed, accurate decisions – have confidence that you are seeing the clearest operational picture
• Improving operational efficiency – spot efficiency bottlenecks and improve processes
• Maintaining organisational transparency and accountability – building trust among employees, management, board, and other stakeholders,
• Building agility and responsiveness into your strategy – adapt to market trends and quickly and accurately identify areas for change
• Ongoing client satisfaction – better understand client needs and preferences to drive satisfaction

The good and bad of such detailed data

As a sophisticated ERP solution, MYOB Exo captures a wide range of data from within your company. This is part of what has made it so successful over the past decade – integrating with many external systems and collating your data in a single source of truth.

However, as your business leverages the improved efficiency from MYOB Exo and continues to grow, this data can become less simple to access. The more locations, connected entities, stock items, customers, invoices, accounts, projects, or employees you have, the more complicated your processes become. Multi-entity organisations especially tend to struggle with reconciling data to see a clear picture of the entire group.

Generating and reviewing new reports to see the important details takes up valuable time. This can start to compromise confidence in your data and affect your ability to make fast, accurate decisions.

How to get the best possible view of your data

Embracing emerging technology solutions is key to unlocking the full potential of your data. Advanced analytics tools, cloud-based platforms, and integrated business management systems act as the guiding stars, illuminating the path toward unparalleled data visibility. These solutions not only streamline data collection and storage but also provide dynamic interfaces for real-time monitoring and reporting.

Leveraging clever technology solutions ensures that you not only keep up but stay ahead of your competition. You can harness the true power of your data for strategic advantage.

Get important data at your fingertips

MYOB Advanced (Acumatica) is a powerful mid-market ERP system for larger, more complex organisations. Based in the cloud as a fully hosted SaaS solution, it has a variety of options that provide extra functionality compared to MYOB Exo.

Dashboards in MYOB Advanced (Acumatica)

MYOB Advanced (Acumatica) supports customisable real-time dashboards available on user sign in. These dashboards are configured to the unique needs of the user. So you can see an accurate, up-to-date snapshot of all the information relevant to your role with no time wasted compiling reports or importing spreadsheets.

Dashboards allow direct drill-through functionality down to the individual transaction or account. This gives you the power to investigate anomalies and trends in real-time and cut through to the source.

MYOB Advanced (Acumatica) becomes the one place to look at data from across your organisation in real time.

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MYOB Advanced for multi-entity organisations

MYOB Advanced Business recognises the unique challenges faced by multi-entity organisations. It is a seamless and scalable platform for enhanced efficiency, resource management, and client satisfaction that can support an unlimited number of subsidiary companies within one tenant. It can handle intercompany reconciliations and transactions without having to sign in and out to access each different company’s record. Everything is stored securely under one tenant, and sensitive data is available only to the users who need it. MYOB Advanced has security protocols that can shield sensitive data down to the row level of a screen.

MYOB Advanced has flexibility and accessibility in the cloud

MYOB Advanced (Acumatica) is a cloud-based solution, so it can be accessed anywhere and at any time on any device with an internet connection. The cloud naturally facilitates communication and collaboration for your team. Everyone knows they are working with the same information in real time without wasting effort chasing spreadsheets and maintaining version control. MYOB Advanced is built on the Acumatica platform, the fastest-growing cloud ERP platform in the world. Acumatica was built for the cloud, not adapted or co-opted into a hybrid solution like other competing systems. This means that MYOB Advanced works fluidly and responsively in the cloud and helps your team improve efficiency.

Integrations to improve data visibility.

One of MYOB Exo’s strengths lies in its integration with third-party products. These products are designed to enhance the functionality of your system, extending, and supporting native functionality so that you can make better decisions. For companies that may not be ready to move their ERP system to the SaaS cloud with MYOB Advanced (Acumatica), we recommend investigating the role of cloud-based connected services to fill your data visibility gaps.

Phocas – Business Intelligence Solution

Phocas is an all-in-one business intelligence, planning, and analytics platform for companywide use. A single governed source of truth fed directly from your ERP, accounting, and other systems. Phocas solves the pains mid-market businesses have by gaining insights, reporting, tracking performance, managing sales teams, planning spending, managing cash flow, building budgets, forecasting, and doing month-end work.

Phocas is cloud-based and accessible for your entire team. Like MYOB Advanced, you can configure dashboards based on live information from your ERP system to simplify data visibility. Phocas’ accessibility for your entire team relieves the burden of chasing the finance team for your accounting information. Phocas also supports financial analytics and budgeting and forecasting modules for improved areas of efficiency.

One of the greatest benefits of Phocas, is the ability it gives you to view summarised data, but with the ability to “focus”, or drill down, to the source of this data.

Kilimanjaro Consulting supports best-of-breed integrations with systems like Phocas. We can preserve your Phocas integration if you choose to move to MYOB Advanced (Acumatica). This means your operational teams that are used to using Phocas for their reporting can continue with the same visualisations and dashboards while your finance team enjoys the power of a new ERP system. 

How can software solutions improve real businesses?

The Jojoba Company successfully transitioned into the cloud and achieved a single, efficient platform from which they now manage Accounts and Tax, Finances, and Inventory Management, including distribution and warehouse operations. Moving to MYOB Advanced improved functionality and provided end-to-end management of its products. Additionally, integrations with their core business management system enhanced visibility and simplified reporting for the finance and sales teams.

Learn more about the real benefits of moving your organisation into the cloud by reading the case study here. 

If you would like to get a sneak peek into the MYOB Advanced system, our friendly team can help you. Email sales@kilimanjaro-consulting.com or call us on 1300 857 464 (AU) or 0800 436 774 (NZ) to learn more.