One Platform to Manage Your Entire OrganisationMYOB Advanced is the only platform to cover your ERP system, Payroll, and Workforce Management
In 2021, MYOB conducted research with Forrester Consulting that investigated the role of technology in the growth of midmarket companies. One of the key findings is that you must use a modern business management system that leverages growth in the digital era. It must be unified, cloud enabled, provide end-to-end visibility, and be accessible across your workforce.
The MYOB Advanced Platform
MYOB Advanced is a cloud-based platform, made up of 3 integrated pillars: MYOB Advanced Business, MYOB Advanced Payroll, and MYOB Workforce Management. It follows the Software as a Service (SaaS) model, with subscription-based licences, so you only pay for what you need. You can use one, two or all three of these pillars as your organisation requires. Initially implementing MYOB Advanced Payroll can begin a smooth transition of your company’s processes into a cloud-based environment.
Working in the cloud allows you to take advantage of the agility, efficiency, and financial advantages that are not available to companies tied to server-based software. Overall, you will see improved user accessibility, real-time data visibility, no hardware costs, and fast, simple updates in a cloud environment.
MYOB Advanced is powered by Acumatica, the fastest growing ERP platform in the world. However, MYOB Advanced has been adapted and localised for the ANZ market, with local tax rates and legislative requirements in-built and maintained by MYOB.
MYOB Advanced Business
MYOB Advanced Business is built on the core Finance module. General Ledger-centric organisations gravitate towards it for its flexible Chart of Accounts and customisable subaccount structure.
Important MYOB Advanced Business Features:
- Full customisation on fields and screens to match your unique processes.
- Strong organisational workflows that can be configured for your defined actions and approvals,
- An integrated CRM to maintain your client database,
- Automate transactions and costs from other MYOB Advanced Modules directly into the General Ledger
MYOB Advanced Payroll
MYOB Advanced Payroll is equipped to handle the payroll needs of larger and more complex organisations. With Single Touch Payroll and PayDay support, as well as the ability to customise pay groups and pay frequencies, it gives you the flexibility to manage your payroll, while updating your data in the core MYOB Advanced Business.
Benefits of MYOB Advanced Payroll:
- Powerful configuration options catering to many employee payment scenarios,
- Pay and entitlement history recorded and easily accessible,
- MYOB maintains the latest tax rates and thresholds, so you don’t have to.
MYOB Workforce Management
MYOB Workforce Management complements MYOB Advanced Payroll and specifically improves the way you onboard, roster, track, and pay your staff. It is the addition of MYOB Workforce Management that makes the MYOB Advanced Platform the first and only ERP system in the Australasian market to cover financial management, payroll, and workforce management.
- View and download payslips,
- Submit leave and availability,
- View rosters, swap shifts, team rosters, and upcoming leave,
- Receive push notifications for upcoming shifts or if new documentation needs to be signed or read.
- Quickly review leave requests, bulk approve/reject these requests,
- Create and publish rosters,
- View and approve timesheets,
- Distribute documents, view dashboards and more.
One Platform for everything your Organisation needs
MYOB Advanced is a unified, cloud-based, and accessible platform that provides end to end visibility across your financials, payroll, and team. By using one integrated system to manage your entire organisation you remove the need to duplicate data across different platforms and databases, improving your efficiency and improving your employee experience.
Recent findings show how critical the right software is for your organisation’s growth. Put your company in the best possible position with the MYOB Advanced platform.
To learn more about how MYOB Advanced can meet your organisation’s complex needs reach out to our team. Send an email to firstname.lastname@example.org or call 1300 857 464 (AU) or 0800 436 774 (NZ). Alternatively, you can download any of the information brochures on this page.