MYOB Launches New Business Management Platform for Large Accounting Practices

MYOB, one of Australia’s leading accounting software providers has announced the launch of a new business management platform, MYOB Advanced Professional Services Edition. The newly launched bespoke platform is a first-of-its-kind business management software that is primarily designed to serve large accounting practices. 

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MYOB’s bespoke business management software

With MYOB Advanced Professional Services Edition, practice managers can leverage the deep and valuable insights provided by the platform to streamline their operations.

According to MYOB, the platform is particularly developed for practices with over 25 employees. The new platform is the latest addition to MYOB’s product portfolio which includes cutting-edge solutions designed for the construction and the manufacturing sector. 

Daniel West, MYOB’s Chief Sales, and Support Officer said that automation in conventional accounting processes is increasingly seeking insightful workflow solutions for consistent business growth and development. 

MYOB’s latest solution integrates business management and works in progress processes such as invoicing, quoting, profit reporting, and CRM into a single full back and front business platform. 

According to Mr. West, this integration is critical to make more time to focus on value-added strategic tasks. 

Increasing demand for advisory services

Since the onset of the COVID-19 pandemic, the demand for advisory services such as budgeting, forecasting, and growth planning has increased. More specifically, throughout 2020, advisors have managed to further strengthen their relationships with small businesses. 

MYOB said that deep knowledge of the ongoing trends can pave the way for new opportunities for business growth. Within the accounting sector, staying abreast with the latest ongoing developments ensures that businesses are equipped with the right tools to attain success even in uncertain times. 

Benefits provided by MYOB’s new platform

MYOB said that the new platform will enable practice managers to monitor task efficiency. 

Some of the most notable benefits of the platform include:

  • Considerable decline in project complexities
  • Visual reporting functionality
  • Integrated general ledger
  • Features to target, engage and convert leads

The data-driven knowledge provided by the software will empower practice managers to make informed business decisions. 

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