Formerly MYOB Advanced – Understanding MYOB Acumatica

In 2014, MYOB announced their intent to move into the cloud Enterprise Resource Planning (ERP) space with its investment in Acumatica and acquisition of the right to be its sole provider in the Australian and New Zealand regions. Acumatica was then, and remains, the fastest-growing cloud ERP system in the world. When it launched in 2016, MYOB’s own version of Acumatica was called MYOB Advanced. Today, to bring greater transparency to the alignment between the two companies, MYOB is changing the name from MYOB Advanced to MYOB Acumatica.

Why is MYOB Advanced changing to MYOB Acumatica?

MYOB Advanced is now known as MYOB Acumatica. MYOB changed the name of the MYOB Advanced platform to MYOB Acumatica to bring greater transparency and alignment between the two companies that have been partners since 2014.

The Acumatica Cloud ERP is the world’s fastest-growing cloud ERP system, developed by the Acumatica company in Washington, USA. MYOB Acumatica is based on the Acumatica platform and has the same features and functionality. MYOB Acumatica is localised to the Australian and New Zealand markets, with local tax and compliance requirements.

Acumatica and MYOB Acumatica – what is the difference?

Acumatica is a market-leading, cloud-based business management platform. It aims to deliver unparalleled functionality and value to mid-market organisations and has become the fastest-growing ERP solution in the USA and Europe. The Acumatica 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. MYOB Acumatica is built on the Acumatica framework. It is essentially Acumatica, localised for the Australian and New Zealand markets.

If a cloud-based ERP system is the engine that drives your organisation, then using 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.

Key benefits of MYOB Acumatica (formerly MYOB Advanced)

MYOB Acumatica has the same recognised benefits as MYOB Advanced. It is the same system, with the same powerful features, with a new name:

• Integration: Seamlessly integrate MYOB Acumatica with new modules or third-party applications to create a unified software ecosystem so you can manage your entire organisation from one place.
• Scalability: Scale your operations as your organisation grows, with the ability to add new licences and integrated modules to meet your changing requirements.
• Customisation: Tailor MYOB Acumatica to fit your unique business needs with customisable automations, workflows, dashboards, and reports.
• Mobility: Access real-time data and insights anytime, anywhere, from any device with cloud-based accessibility.
• Payroll and Workforce Management: The powerful MYOB Acumatica Payroll and MYOB Acumatica Workforce Management modules integrate with the core MYOB Acumatica solution so you can see all the important data from a single source of truth.
• Advanced Analytics: Harness the power of data-driven decision-making with built-in analytics, configurable real-time dashboards, and business intelligence tools.
• Industry Support: MYOB Advanced has powerful functionality to support organisations across a range of industries, such as construction, wholesale and distribution, not-for-profit, healthcare, government, financial services, multi-entity organisations, field services, professional services, engineering firms, manufacturing, and more.

What does the change mean for you?

As part of the strengthening partnership with Acumatica, MYOB Acumatica users will have access to the Acumatica Community, including the Acumatica Discussion Forums. These community resources and discussion boards are fantastic tools for troubleshooting minor roadblocks or learning more about your system. Expert MYOB Acumatica users may even be able to lend their own experience and help a company using Acumatica. MYOB Acumatica users can also use the #MYOB tag and MYOB board to leverage local expertise from both MYOB and Channel Partners.

Acumatica wins global awards

Acumatica is a globally renowned cloud-ERP system. It is especially regarded for its user-friendly interface and modern, cutting-edge design. The Acumatica Cloud ERP is a regular winner of top-of-market ERP industry awards:

• #1 for usability in the Nucleus Research Report, and is consistently rated as a leader in their annual ERP Value Matrix,
• Momentum Grid Score of 81 (highest among Momentum Leaders and other ERP products), which is measured from a balance of customer satisfaction and product functionality,
• Winner – TrustRadius Top Rated award for 2024
• Shortlist – Capterra Shortlist for the highest-rated and most popular ERP products in 2024
• Front Runners – Software Advice Best ERP Software 2024
• Leader – Crozdesk ERP Software Award 2023
• Momentum Leader – G2 Award 2023

MYOB Acumatica is the same award-winning system as the Acumatica Cloud ERP. By using MYOB Acumatica in your organisation, you enjoy the same powerful functionality and award-winning user interface as this global, market-leading solution.

MYOB Acumatica for local ANZ organisations

There are many benefits to using a system that has been designed for your local region. All the idiosyncrasies of doing business in Australia and New Zealand will be familiar to you, but not to overseas vendors. Their systems are not built to reflect the complexities that a local provider is more familiar with.

MYOB Acumatica has been specifically customised to meet the needs of Australian and New Zealand organisations. It does leverage the framework of Acumatica (which is based in the US) but is tailored to meet ANZ compliance requirements. MYOB has the benefit of working closely with local government bodies like the ATO, IRD, and more, as well as with the developers of Acumatica. This means you will get the best of both worlds: a market-leading, cloud-native ERP platform built on the stable Acumatica framework with all the benefits of using locally developed software.

Please reach if you have any questions about the name change from MYOB Advanced to MYOB Acumatica. Kilimanjaro Consulting has the largest, most experienced team of MYOB Acumatica consultants across Australia and New Zealand, and are positioned to help you improve efficiency through the clever use of innovative, proven technology. Email sales@kilimanjaro-consulting.com or call 1300 857 464 (AU) or 0800 436 774 (NZ).