Its a very common question. You purchase your MYOB system when you are a new small business and over the years your business has grown, to the level where you may have 50+ employees and have gross revenue in the millions. Your business is doing lots of things the “manual” way because your accounting system does not have the ability to automate your procedures. An example of this is activity based costing that is done automatically based on financial drivers (such as percentage of revenue). Or you wish to automate your annual leave system. Or you have many specific inventory requirements. You strongly suspect you have outgrown MYOB or Xero.
Question is, what next? Who can we speak with to understand our options and advise us on the next step forward? The answer … call CloudCounting. If you are Brisbane based we can arrange for a consultant to visit. If you are outside the Brisbane area we can arrange a phone call.
Depending on your business needs, we will recommend one of two paths:
1. Consider purchasing add on solutions to work with your MYOB or Xero system. Both websites have a page where you can define your business need and consider if a solution will solve your manual process question. If you can find a solution (or solutions) to work with your general ledger package this will usually be the most cost effective solution.
2. If your needs are more complicated, we may have to recommend what is called an ERP system. ERP stands for Enterprise Resource Planning system. MYOB has a product called Exo, and there are other systems that compete in this space. These conversions, implementations, and ongoing license fees can be very costly and as a guide will range from 30-50K for conversion, implementation and training and then the annual license fees. If we feel that this is your best solution, we will discuss and help you select the best product for your business.