MYOB Acumatica

The CEO drives growth, sets the direction for the business and leads transformation whilst aligning people, technology and strategy for long term value creation.  In an ever-changing world, revenue growth, profitability and value creation cannot materialise without execution to a strategic plan. Strategic planning and alignment in the business are enabled through data – for quicker, better decision making and the monitoring of progress across short and long-term goals. Strategy and transformation are made infinitely harder if the business is being held back by manual processes, outdated systems, no access to modern AI use cases and limited access to real time data. The rate of change is accelerating – AI driven ERP solutions like MYOB Acumatica are providing the modern CEO with the tools they need to succeed so that the CEO can drive growth, innovation and performance whist focused on strategy and transformation: 

• Decisions are made on live data – no more waiting for month end reports for decision making 
• Spot risks early with embedded AI – detecting trends, patterns and anomalies  
• Enable growth by integrating all business functions in one platform 
• Ensure the business is ready for technological shifts like AI 
• Scale without system constraints 
• Execute strategy with confidence  
• Align the leadership team around one version of the truth 

The modern CFO is tasked with much more than accounting. The modern CFO is a strategic leader and business strategist playing a role in steering the business through change, providing strategic decision support and enabling systems and process to support growth. CFOs must provide the business with real time financial insight and forward-looking strategic support through: 

• Predictive analytics
• AI driven forecasting  
• “What if” scenario modelling 
• Real time consolidated data views across the business 

As businesses grow so too does complexity. CFOs and their finance teams that are in businesses using entry level accounting solutions or legacy software spend most of their time on manual processes, work arounds and outdated reporting. Chasing backward looking reporting and data entry into systems that are not geared for growth. Examples like: 

• Multi-company – businesses running multiple entities need automation across the inter-company, multi-company and consolidation reporting from a single login and database. MYOB Acumatica natively allows for multi-company from a single login with consolidated reporting by division, entity and group. 
• Month end close – divisional managers, CEOs and team leaders want access to real time analytics. As complexity grows so does the workload. The modern CFO uses Acumatica ERP enabled AI to streamline and accelerate month end close so that the CFO can focus on value add, strategic opportunities within the business. 
• Financial reporting – as complexity grows so does the requirement for real time analytics. If your business is caught in the spreadsheet dependency cycle of manual updates to spreadsheets, it is time for change. MYOB Acumatica provides a single data view across the business, AI enabled processes to reduce manual intervention and cleaner data in real time for better decision making. AI agents help identify outlier risks, errors and performance issues across your data. 
• Manual processes – if the finance team is spending time on manual tasks like AP entry, sales order entry, manual workflows and spreadsheet updates, it’s time to move to MYOB Acumatica – the AI powered solution to automate the office of the CFO. 

The operations manager lives in an always changing environment of supply chain shocks, raw material price fluctuations, increased customer expectations and scaling operations as the business grows – more products, more channels to market, more locations and increased complexity. Legacy ERP solutions and entry level accounting systems don’t manage complexity. To get around these challenges, the operations manager uses system work-arounds, spreadsheets and manual, outdated data for decision making about procurement, inventory, service and manufacturing. This often results in over-stocking, stock outs, incorrect inventory picks and lower customer satisfaction from poor demand planning and inventory management. MYOB Acumatica ERP is a modern, AI driven cloud ERP solution that drives efficiency for the operations manager by providing: 

• Real time inventory tracking across multiple locations and geographies 
• Demand planning solutions for accurate procurement to optimise inventory levels 
• Automated reorder points to minimise stock outs and improve customer service 
• Operational reporting in real time to avoid over stocking and to expedite order management and improve customer fulfilment rates 
• Barcode scanning and warehouse management to improve pick accuracy so that customers receive the right goods, on time, every time 
• A single solution across procurement, sales, finance, inventory, warehouse and manufacturing 

While entry level solutions like MYOB Business and AccountRight are perfect for small companies focusing on single entity bookkeeping and baseline compliance, growing organizations eventually outgrow these tools and require a true Enterprise Resource Planning platform. MYOB Acumatica bridges this gap for midmarket businesses by delivering sophisticated multi company consolidation, automated intercompany transactions, complex procurement workflows, and advanced inventory management across multiple locations. Rather than struggling with the functional limits of smaller accounting software, businesses with intricate manufacturing requirements and large data volumes can leverage a unified database that connects their entire operation from the boardroom to the warehouse floor. This comprehensive cloud solution completely eliminates disconnected spreadsheets and manual data entry, providing a single source of truth across finance, inventory, and operations that empowers leadership teams to make faster, more accurate decisions based on real time enterprise data.

Yes, this is correct. In July 2024, MYOB officially rebranded the MYOB Advanced Business suite to MYOB Acumatica. This strategic name change was designed to highlight the direct connection between the Australian product and the world class Acumatica cloud engine that powers it globally. For existing users and new prospects, this means you are accessing the exact same robust infrastructure and powerful cloud functionality as before, but with even tighter alignment to international innovation cycles. One of the major benefits of this rebranding is that Australian businesses now have faster access to global technological advancements, including the latest practical AI tools and advanced automation features, while still retaining the essential local support and Australian tax compliance provided by MYOB and partners like Leverage Technologies.

MYOB Acumatica has been priced for the Australia / NZ SME and mid-market. Fantastic pricing options have been created by offering multiple version types – standard, plus, enterprise, construction and manufacturing – a sign that MYOB Acumatica understands different levels of complexity based on company size and industry. Within each version of MYOB Acumatica, businesses can choose from multiple different user types depending on access requirements. For example: 

• Full access user 
• Sales user 
• Warehouse user 
• Executive user  
• Finance user 
• Field service user 

There is a long list of different user and license types. Call the friendly MYOB Acumatica project and licensing experts at Leverage Technologies who can provide tailored advice about the licensing requirements that will best suite your business.

Localisation is one of the strongest reasons why Australian businesses choose MYOB Acumatica – especially over international competitors who are trying to increase adoption here. The platform includes a natively integrated payroll module that is fully compliant with the latest Australian Taxation Office (ATO) requirements, including Single Touch Payroll Phase 2 as an example. As we move forward, the system is already prepared for major changes such as the Payday Super initiative, which requires superannuation to be paid at the same time as wages. Another benefit is having the payroll built into the same database as the core finance module, meaning there is no need for manual exports or third party “clearing house” tools that can lead to data errors. Your Business Activity Statements and tax reporting are also calculated automatically based on Australian GST laws, ensuring your compliance is always up to date without the need for complex manual workarounds which is crucial for any growing business.

Yes – the team at Leverage Technologies has extensive experience converting data for customers from MYOB AccountRight and other MYOB solutions (Exo etc) into MYOB Acumatica. We utilise specialised migration tools and a structured data audit process to ensure your transition to the cloud is as smooth as possible – after we scope the project to ensure we understand the breadth of the migration. Our team conducts a thorough “cleanse” of your existing data to identify and remove duplicates or redundant records before the move begins. This ensures that your new MYOB Acumatica environment is populated only with clean and accurate information. We can assist in migrating everything from your basic general ledger and customer lists to complex historical transaction data, allowing your team to maintain continuity and perform year on year comparisons. Keep in mind, having some of the cleansing done yourself or a cleaner data set exponentially improves the migration for your business by reducing cost and time to implement. Our goal is to ensure that your records are preserved while giving you a efficient and fresh start on a modern cloud platform.

The highly experienced team at Leverage Technologies has implemented MYOB Acumatica for customers with implementation timeframes ranging from 4 weeks to 8 months and everything in between.  The average time to implement MYOB Acumatica is: 

• Finance Only Implementation – 3 months 
• Finance, Distribution Implementation – 4-5 Months 
• Finance, Distribution, Manufacturing Implementation – 4-6 months 
• Construction and Projects – 4-5 months 

Why the great range of implementation timeframes? Implementations of MYOB Acumatica (and other ERP solutions) depend on multiple variables: 

• Solution complexity – including the number of locations, functional scope, and any industry-specific requirements  
• User base and distribution – including the number of users and geographic spread, which can influence training, user acceptance testing (UAT), and change adoption efforts  
• Client resource availability – your capacity to actively support key implementation activities such as user acceptance testing, data migration and reconciliation, and organisational change management  
• Integration and development requirements – including any bespoke integrations or custom development needed to meet your business processes 

Keep in mind, having a clean, organised data set exponentially improves the migration for your business by reducing cost and time to implement. At Leverage Technologies, we follow a proven proces that begins with deep Discovery and Planning to ensure we understand your unique workflows. This is followed by the Build and Test phases where we configure the software and integrate any third party tools you use. The final stages involve intensive User Acceptance Testing and staff training to ensure your team is confident and ready for the Go Live date. We do not believe in “sprinting” through an ERP setup, as quality and accuracy are paramount to achieving a long term return on investment. By following a structured path, we minimise business disruption and ensure that the software is fully optimised for your specific operational goals and growth plans from day one.