Zenith PaymentsCrucial to the success of Zenith Payments, MYOB Advanced has seamlessly managed the high volume and robust reporting requirements
When they integrated new customer login portals to their online platform, Zenith Payments realised they would need a more sophisticated ERP solution to properly interface with them. MYOB Advanced has saved countless hours of manual data entry, and given faster and more reliable reporting, driving their rapid growth.
Who are Zenith Payments?
A financial technology company, Zenith Payments process hundreds of thousands of transactions a month for their payments and pre-paid cards businesses. They value, high energy, innovation, and integrity in their work and with their partners.
What catalysed the switch to MYOB Advanced?
A new online client portal was unable to correctly interface with their current software option. This led to a large amount of manual data entry, which hindered the company’s growth and overwhelmed the finance team. Without real-time financial reporting, the team was unable to gain insight with either speed or detail. MYOB Advanced is also highly customisable, allowing the implementation of many Add-Ons to create a bespoke ERP solution for Zenith Payments.
What changes followed the decision?
Since implementing MYOB Advanced, Zenith Payments have been able to easily manage over 140000 transactions per month, factoring in different payment methods, pricing profiles, channels, and revenue types. They can identify trends as they are happening allowing quick responses and proactive strategies.
How are they now?
The new style of reporting has allowed the development and implementation of additional expansionary strategies, and a focus on Business Process Improvement. The Business Development Managers can give customers more detail about their businesses, and the Finance department is able to work more efficiently, even with a relatively small team. They have seen significant, continued growth, and are looking to continue utilising MYOB Advanced as efficiently and accurately as they can.
How do I achieve a successful implementation?
A successful implementation depends on managing 3 critical risks:
- Software Risk
- Implementer risk
- Self-Inflicted Risk
You can reduce your risk by selecting the right implementation partner. Although there are many different partners to choose from, you need the one that will work with you every step of the way. Managing risk is an important part of an implementation, selecting a low-risk partner is critical to a lifetime of success with your Business Management system.
Kilimanjaro Consulting ticks all the boxes when it comes to choosing the right partner:
- Proven industry experience and a positive reputation,
- A structured implementation methodology to guide both you and the implementer through the process,
- Ongoing training and support during your implementation and after go-live,
- The accounting skills to ensure you go live with a reconciled system,
- A strong relationship with the software vendor allows us to influence enhancements to the software that might be useful to your own organisation,
- Specialised technical knowledge to integrate best of breed connected services into your system,
- A stable team with high levels of staff cohesion and collaboration and low staff turnover.
Kilimanjaro Consulting is the largest and most experienced implementer of MYOB’s Enterprise-level business management, accounting, payroll, and workforce management solutions: MYOB Advanced and MYOB Exo. We are experienced, low-risk implementers, helping organisations improve efficiency in their businesses through the use of clever, innovative, and proven technology.
Free resources to help you further
If you are ready to start your Business Management System journey, choose Kilimanjaro Consulting as your trusted implementation partner. If you don’t know where to start, download our free E-Book that will take you through everything you need to consider and what to be wary of during this process.
To learn more about the journey of Zenith Payments and how MYOB Advanced met their individual business needs, download the PDF from the panel to the right. To learn more about the MYOB Advanced product, visit the page here or contact our team at firstname.lastname@example.org or call 1300 857 464 to discuss your unique requirements.