You may wonder what is the history behind the MYOB Advanced application and why is it so popular for businesses of all sizes and types? The very first MYOB software was developed in the 1980s by a team of Australian designers who wanted to create an accounting program for businesses. Christoper Lee was the main developer and since then MYOB has kept up with the fast-moving information technology industry until now where we have MYOB Advanced.
Mind Your Own Business Advanced is an ERP, or an Enterprise Resource Planning application that is cloud-based and offers the finest management of all aspects of small to large scale businesses in almost any industry.
MYOB Advanced offers the following advantages over traditional business software:
- Flexible management of complex enterprises
- Online accountability and across-the-board transparency
- Security in data storage and access
- Multiple role co-ordination in real-time contexts
- Scalability and upgrade capacity
Cloud-based software has revolutionized business management and MYOB Advanced takes full advantage of all the benefits the cloud brings to ERP computing and profit generation.
How Does MYOB Advanced Manage Complexity?
MYOB Advanced streamlines every aspect of even the most complex of business enterprises. The application manages financial accounting, payrolls, logistics, product development, outsourcing, client development, and role administration. Because it is cloud-based members of a team can access the required information from wherever they are with the knowledge their data is secure and every action is transparent. Combined with mobile access, problems of proximity no longer exist, and time management becomes highly efficient.
This flexibility to perform multiple tasks by multiple members of a business offers unprecedented ability to upscale a business in a minimal amount of time. Truly, MYOB Advanced is revolutionary software that is riding the wave of potential that cloud-based ERP applications offer.
How is Accountability and Transparency an In-built Feature?
The very fact that planning and delivery is managed in the cloud ensures that every team member or vested interest is accountable for their on-line actions. The advent of the IT era began to remove problems of lost productivity and waste in businesses and now with MYOB Advanced the highest standards in employee accountability and team motivation are a given requirement.
How Does MYOB Advanced Provide Data Security?
Data and information that is stored in the cloud are secure and faultless even if a business’s desktop or laptop storage is lost. The cloud, as intangible as it may seem, offers further protocols of access only by approved roles with password protection and discrete management of huge amounts of data. The cloud can be accessed nearly anywhere in the world so MYOB Advanced caters to enterprises wanting to expand into the international market.
How are Multiple Roles Managed with Precise Co-ordination?
The cloud offers real-time management and updates that are immediately accessible. Team members don’t need to gather in the boardroom for lengthy face-to-face meetings as they have continual access to the latest data and information. Proximity and travel time are no longer an issue, and this flexible yet fast-paced operation of a business demands the very best from staff members at all levels of infrastructure.
How Does MYOB Advanced Apply to All Business Types?
Regardless of the size or type of business being operated, MYOB Advanced can be adjusted to any scale or size of enterprise operation. This scalability means that small businesses have room to grow and can upgrade their MYOB software at any time. Remember that MYOB Advanced began in the 1980s, when there was not world-web.
Now the evolution of MYOB Advanced as a cloud-based ERP means that business management has entered a new phase of development and there is still vastly unexplored territory and room for progress in this amazing age of IT technology.