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What Are The Main Features Of MYOB Advanced?

Main Features Of MYOB Advanced

MYOB Advanced is a cloud-based, sophisticated unified Enterprise Resource Planning (ERP) and accounting solution for medium to large business. It provides companies with an easy business solution for current operations and future growth.

MYOB Advanced solutions are starting to earn popularity among business owners in Australia today. Before you decide to jump on the bandwagon, make sure you are choosing the right platform and provider.

The choices are plenty so make sure you do some research and educate yourself before taking the plunge.

Here are some important factors you need to consider before choosing an MYOB Advanced platform:

  • Cost – Cost is a big factor in choosing a platform but it should not be the main priority. Many platform providers offer monthly payment plans, promotions, and big discounts. Keep a good balance between the quality of the product, the service/support and the cost.
  • Availability – Research and find good reviews online. Ask your colleagues. Check for local vendors in the area. There are many MYOB providers available, the question is, are they up to scratch? How do you know if they provide the best software and service?
  • Quality of Support – MYOB Advanced solutions requires technical and customer support. It is important that you choose the company that is able to provide prompt and reliable customer and technical support because a glitch or interruption in the service can mean profit loss and delays in your operations.

Main Features of MYOB Advanced

A good and reliable MYOB Advanced solution must have the following features:

1). CRM Module – A good CRM system must have the following modules:

  • Sales
  • Marketing
  • Customer Service modules.

2). Fixed Asset Management – this is an accounting process that tracks fixed assets as part of financial accounting, theft deterrence, and preventative maintenance.

It helps track the current value, depreciation, location, quantity, condition, and maintenance. Examples of fixed assets are buildings, land, manufacturing equipment, office equipment, furniture, vehicles, vessels, and the like.

3). Service Management – this is a system that is focused on delivering information and providing value to customers, and building strong customer relationships.

4). Accounting System – this includes payroll, project-based accounting, and other financial processes.

5). Multi-Company Consolidation – allows different companies (a group of companies and subsidiaries) who have separate databases to report on a single consolidated financial statement.

6). Customer Service Contract Management – management of contracts made with customers, vendors, suppliers, partners, personnel, and employees.

7). Intuitive Point and Click Editor – the platform should be user-friendly and customisable to fit the companies needs.

8). Ability to Create Custom Workflows – users should be able to customise all workflow systems for easy access and operation.

9). Gives Control on Business Financials, GST, and more

Types Of Industries MYOB Advanced Is Suitable For

  • Agriculture
  • Construction
  • Distribution
  • Engineering
  • Entertainment
  • Financial Services
  • Information Technology
  • Manufacturing and Distribution
  • Non-Profit
  • Professional Services
  • Retail
  • Trade Services
  • Wholesale

MYOB Advanced is designed to make your day to day business operations a lot easier to manage and allow business growth and expansion. It should allow you to enjoy the following benefits:

  • Drill down on reports quickly
  • Streamline business processes
  • Improve productivity
  • Simplify the management of financial systems with multi-entity workflows
  • Automated accounts processing
  • Cost savings
  • Strong control of supply chain
  • Improved financial management
  • Easy to find data
  • Reduce IT management and workforce
  • Data security and backup
  • Eliminated server attacks since data is stored in the cloud
  • Easy monitoring through remote access

Final Thoughts

MYOB Advanced is meant to assist and improve your business management. However, this does not mean that you can sit back and take it easy.

MYOB Advanced will give you more time to focus on what is important in running the business like business development, expansion, attending important meetings, etc.

It is an aid for running your business, not a replacement. Another good thing about using MYOB Advanced is you have 24/7 guarded access. Your data is safe and you can rest assured your business is on the right track.

Enjoy all the features above and reap the benefits by choosing STRATUS Smart Software Solutions. We are the best cloud-based solution for your business.

We are dedicated to helping Australian businesses grow. We are dedicated to MYOB, we are dedicated to YOU. With STRATUS, you are in good hands.

We are accredited and experienced MYOB Australia/NZ Enterprise Partners with a dedicated team of business, accounting and IT Consultants who are passionate about helping Australian businesses grow.

Call us today on 1300 499 000 or fill out our inquiry form and we will get back to you within 24 hours.

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