Enhanced Sub-Ledger Reporting

At Kilimanjaro Consulting we are constantly working with our clients to provide support and elevate their use of MYOB Exo. We noticed that the process of reconciling Sub-Ledger to General Ledger reports was not efficient, and so we set out to find a solution.

What was wrong?

The problem was that MYOB standard reports would not always reconcile to their respective General Ledger Control Accounts. After investigating further, we found that the standard reports will run normally in a non-foreign currency environment, as far as debtors and creditors are concerned.  In a system where foreign currency does play a role, the gain and loss reports would highlight potential discrepancies, and function correctly, when looking at the current period. However, when looking at data outside of the current period, the gain and loss reports would not work properly, and could not be relied upon to accurately describe the position.

The reason why stock reports do not always reconcile to the General Ledger is that they are not fully retrospective. In an MYOB Exo stock valuation report, the quantity is calculated retrospectively but the dollar value is not. The report is completed using the current average cost in the system. On sites where the average cost does change, or there is a problem and the average cost is out of sync, this can cause variances even in the current period. It only takes a stock on hand quantity to be out of sync, and stock to be receipted in while that stock figure is out, to cause an average cost problem. This is not always easy to identify when that has happened unless you keep a very close eye on your stock transactions.

How did we fix it?

We built a new set of reports in MYOB Exo to reconcile retrospectively. These reports were designed to use the same information that is being posted to the General Ledger, instead of being derived from other summary reports. Calculating the report in this way, from first principles, may highlight reconciliation issues that were not previously evident. In terms of stock, the reports are based off the transactions themselves that are being posted to the General Ledger. Debtors and creditors age balance reports are also based off the debtor and creditor transactions and payment allocations.

Allocating payments to the respective invoices is key when it comes to the foreign currency elements. Without the allocation you will not know whether the amount has actually been realised.

What are the new reports?

Looking at a point of difference for our new reporting, MYOB’s standard reports are solely a sub-ledger report. However, all but the last page of Kilimanjaro’s new reports is at the sub-ledger level. The new last page gives you a General Ledger Summary comparing the Sub-ledger totals to the General Ledger Control Account.

  • Debtors Aged Balance Summary Report: The last page of the Summary report includes a valuable Sub-Ledger to General Ledger Reconciliation Summary and can be customised to show Unrealised Foreign Exchange Gain/Loss where required. This has also been built as a Creditors Aged Balance Summary Report.
  • Debtors Aged Balance Detailed Report, and Creditors Aged Balance Detailed Report
  • Stock Ledger Summary – Inventory Locations Report: Summarised by stock item, the last page of the report includes a brief Sub-Ledger to General Ledger Reconciliation

Who will benefit from this fix?

  • Anyone that trades in multiple currencies
  • Those who run perpetual stock
  • Anyone that prefers simpler reports; especially noting that you would not have to open the General Ledger to check that everything in your summary is correct, as there is a comparison as part of the last page of the report.

While the standard MYOB reports are still functional in these environments, they will only work properly for the current period. However, making use of this option is much less popular as almost all our clients prefer to continually transact, instead of having to close off one period before they start on another, and thus the need to run these reports retrospectively arose.

Our hard-working team of Sherpas are always looking for extra ways to support and elevate your business. If you need any support or assistance in any areas of MYOB Exo, please do not hesitate to contact us on 1300 857 464 or [email protected].

Restricted use of Control Accounts in MYOB Advanced

Having reconciled and balanced accounts is vital to accurate financial reporting. Posting directly to the General Ledger Control Accounts can cause imbalances between sub-ledgers and their respective balance sheets accounts. Introduced in Release 2020.3 MYOB Advanced (powered by Acumatica) now provides the ability to restrict direct postings of transactions such as journal entries to control accounts.

Impacts of restricting control accounts

By enabling the use of the restrictions, control accounts can be set against the following sub-ledgers: Accounts Payable, Accounts Receivable, Fixed Assets, Inventory, Taxes (GST), Purchase Orders (Receipts), Sales Orders (Shipments).

Establishing a control account has two impacts:

  1. Removes the opportunity for manual data entry directly into the account, and reduces error rates.
  2. Prevents using the account as a default for fields related to sub-ledgers. For example, the Sales or Expense accounts set in the Accounts Receivable or Accounts Payable master record.

Two new columns are added to the Chart of accounts Screen to further display and customize the account restrictions.

Alongside each General Ledger account, you can select the related sub-ledger Module, marking it as a control account.  As per the example below, we have selected the “AR” control, to align with the Accounts Receivable General Ledger Account.

The “Allow Manual Entry” checkbox determines if users are able to post entries directly to this account.  Clearing the box will prevent users from creating entries to this account. 

Checking this box will allow users to post transactions, although they will still receive a warning.  It is recommended to uncheck this box once any necessary adjustments have been made.

 

We recommended enabling the use of ledger control accounts to help prevent sub-ledger imbalances.

Optimise MYOB Advanced

Interested in other ways to get more out of MYOB Advanced? We have prepared numerous MYOB Advanced Tips and Tricks to ensure you are making the most out of your system. Learn more about:

If you require assistance in setting this feature up, please contact our Support Team at [email protected] or by calling 1300 857 464.

Farmer vs Hunter

Would you be willing to do business with a software implementer who offered a great ERP product which met all your functional requirements, but would be difficult and frustrating to work with along the way? Consider what you should expect from your ERP implementation partner

You have decided on an ERP solution. Now what?

Once a business outgrows their current accounting system, they begin seeking an ERP software that checks every box on their functionality wish list. Although this is a crucial decision, don’t forget about the partner behind the software. The partner will be the driving force in implementing the system into your business. ERP implementation is a complex and costly investment that can impact your business for its foreseeable future. Therefore, ensure you are making a calculated decision on who your implementer is. Are they a Farmer or a Hunter?

At Kilimanjaro, we believe that software is a platform for business efficiency. This software may be in place for up to 10 years, so a long-term and reliable partner is essential. One of our golden rules states that we are proud to self-identify as “farmers not hunters”. Having sown the seed of efficiency improvement, we are here for the long haul, always keeping pace with new technology that benefits your business.

Why worry about the Implementation Partner?

An ERP implementation is like surgery – you would want an expert. You want to choose an ERP implementation partner who is experienced and can help you recognise your current business state as well as provide solutions for your future state. A trusted partner will guide you through the whole process with a proven methodology and a team of highly skilled experts. There are partners and then there are partners that count. On the other hand, a Hunter is an implementation partner who has little technical expertise or experience in the industry, and has intentions that don’t necessarily serve your business. You may be lured in by a quick implementation and a seemingly low investment, but shortly after you will begin to realise how unrealistic and unsustainable their offer was all along.

An ERP implementation can take anywhere from 3 months to 2 years, depending on the complexities of the business. But what comes next? After the implementation, you will need a partner who is willing to guide you through setting up new staff, upgrades and tech support. Someone who will be there not only when your business grows but also when a new challenge or opportunity arises. This journey can take over a decade.

In a nutshell, implementing a new ERP system is an opportunity to both identify and redesign your business processes. You want to ensure you have an implementation partner who can understand your current business requirements, envision where you want to be, and support your business from day one, all the way through the journey. 

Factors to look at when choosing an ERP Implementation Partner

Before choosing which implementation partner you are going to commit to, make sure you understand your choice is going to be multi-faceted. You can start by basing your decision on certain factors such as: 

  • Reputation – are they well regarded in the markets they serve?
  • Skills – Do they have a strong team?
  • Size- Can they provide continuity of employees leave or are unavailable?
  • Longevity – Have they been around long enough for their failures to surface?
  • Methodologies – Does the partner have proven and documented methodologies, that ensure they will do it right, first time?
  • Investment- Is the implementation of partner cutting costs to get into the market?
  • Experience – Have they done it before?
  • Risk – Can I pull out if I don’t like the proposed solution?
  • Software – Does the implementing partner have a strong relationship with the software vendor?
  • Geographic – Does the ERP implementer operate in the regions in which you operate? 

With all of this to consider, make sure you have a team behind you to contribute, as the choices you make now will impact your business far into the future.

There are a range of implementation partner “types” out there, some include:

  • Innovators
  • Financially driven firm
  • Growth orientated
  • Litigious (if I don’t have to, I don’t want to)

It’s critical to consider what you want out of this long-term relationship. Ensure you are avoiding the hidden costs and surprise increases by choosing a partner that doesn’t view you like another number.

The signs of a Farmer vs a Hunter

At Kilimanjaro, we refer to a “Hunter” as a partner who merely provides implementation services and does not nurture their clients in growth and support. This is exactly what you want to avoid when choosing your ERP implementation partner.

Here are some of the warning signs to watch out for when dealing with a Hunter:

  • Confusing contracts 
  • Sales professionals who are not able to answer your questions directly, or who do not take the trouble to get back to you with definitive answers. 
  • Offer a fixed price implementation without clearly defining the scope
  • Poor relationship with the software vendor
  • Little understanding or care of your business requirements
  • No “User Acceptance Testing” phase in the implementation.
  • No ‘after implementation’ support 
  • Lower prices in comparison to the market 

Choose the wrong implementation partner, and you will start to see things fall apart quicker than you think. 

So, what characteristics should you be looking for? We refer to a “farmer” as a partner who supports the growth of businesses over the length of the entire relationship. A trusted ERP Partner should have:

  • A consistent implementation methodology 
  • Long term intentions with your business
  • Clear communication about the risks (software, implementation, and self-inflicted risks)
  • A prominent relationship with the software vendor 
  • Long-standing relationships with their clients
  • A significant team of experts 
  • A local support desk
  • Training options (software is continuously developing, so your skills should too)
  • A positive company culture

Make sure that you have the right tools and knowledge behind you to pick the right surgeon, ensuring the procedure and post-op check-ups go smoothly! 

Don’t forget, your software decision can last a decade or longer, so choose your partner wisely! Still considering whether your business needs an ERP? We can help.

If you are still in the process of choosing an ERP but aren’t sure where to start, download our helpful E-book that takes you through some useful tips on how to get started on your ERP journey. 

If you have any enquiries please call us on 1300 857 464 or email us at [email protected]

 

Will an ERP system make my company profitable?

This article was originally published in November 2013 and has been reviewed and updated in August 2020 to provide the most relevant information.

This is the question on every company owner’s mind when they think “let’s upgrade from our accounting software and look at implementing a proper ERP system. I am sure that this will improve efficiency and ensure profitability.”.

As a business that  implements ERP systems, you may be surprised to hear that our immediate answer is – “This isn’t always the case!”

Let us explain…

Imagine this: You have been trying to lose weight for a couple of months and joined the best gym in the suburb. It had a very persuasive ad claiming to help reduce weight by 2-3 kilos in a month. Two months down the line, your weight has increased by a couple of kilos. Then, you realised that simply joining a gym won’t solve the problem. You have to put in the effort yourself and actually go and exercise to help you get into those old pants!

So, what is an ERP?

It is important to understand what exactly an ERP is. As the full form suggests, an ERP is an Enterprise Resource Planning tool that is used to plan your enterprise’s resources! ERP is the next step to take after accounting software. In short, it’s software that collects, stores, and manages information about your entire business and helps to make the best possible decision at the right time. It does all of this while at the same time keeping your accounts. It combines financial and non-financial information and provides you with customised reports. To learn more about the background of ERP and how an ERP can impact business growth.

What can an ERP do for your business?

Kilimanjaro Consulting always applies this theory when implementing new software. No software is capable of solving all of your business problems, even when used to its fullest efficiency. An ERP is a tool and not a magic wand. It is a tool that if used properly, will help improve areas of the business that need attention and transform the way you do everyday business tasks. To understand the facts and myths behind ERP software and services – read more here. Let’s take a look at two examples of how an ERP was able to help a business that we have worked with.

Example 1 – Improving efficiency and measuring KPI’s

One of our consultants shared a story with us from his first job, which is a great example of just how simply an ERP can transform business when there is a relationship of trust between the implementer and the client. The client was a construction firm.. During the current state, we looked at all processes within the firm and provided our recommendations on how to improve efficiencies. The first area we looked at was the purchasing department. The immediate concern we saw was the non-standardisation of cost codes. This meant that KPI’s per project could not be measured. As an example, “Manlifts” was rented for a period of time for the project as a whole. The Project Manager could not recognise how many man-hours of the Manlifts were being used for piping works as opposed to electrical works. Since the company took on EPC projects, it was an important phase in budgeting and bidding for new projects to have data on previous similar-sized projects to be able to forecast costs of equipment hire. Implementing the CSI cost code model into the ERP system standardised the stock items and lookups alike over a range of projects that were undertaken by the company.

This improved efficiencies as data was made available to planning departments. This meant they were able to plan activities and resources in a more efficient manner, also helping future project bids and budgets.

Example 2 – Removing laborious manual tasks

Another example, from a different client, was procurement strategy. In this example, every purchase required the company to send out a “Request for Quotation” to vendors. Each time the vendor was chosen based on certain criteria. The ERP system implemented was capable of vendor scoring.. However, this capability was not used due to a lack of knowledge of the end-users. Implementing a vendor scoring system meant that the system could suggest the most favourable vendor based on the history of pricing, lead times and vendor ranking as suggested by historic relations. It could also be used to give equal opportunity to vendors thus allowing the company to trial new vendors and to build better relations. Over a period of time, data increased which helped projects make an informed decision on whether to buy from a particular vendor. Forecast purchase algorithms again helped the automation of recommended quantities to buy at regular intervals. Sophisticated Inventory and Purchasing management using cloud-based systems such as Netstock can make a world of difference inefficiency.

To sum up…

In theory, it is not enough to simply buy and implement an ERP system.

The ERP system is just a tool, and it is vital that you, as the end-users, are committed to learning how to use it, in order to maximise its potential.

An ERP implementation should not be “set-and-forget”. Ongoing Business Process Improvement, with your implementing partner, is essential as your business changes and grows.

. An efficient business believes in doing this at regular intervals. At Kilimanjaro Consulting, we call this “sharpening the spear”. It is important as a business to review your processes and check with your implementer if reviewed processes can be mapped into the current ERP build or what could be done to map the change into the build.

A great man once said “Nothing is permanent but change”— (Heraclitus). As suggested by the “Theory of Constraints”: Find the bottleneck, fix the bottleneck, review the business process and rest assured you will find a new bottleneck. This process of fixing and reviewing is essential to a growing sustainable business.

Which ERP is right for my Business?

Choosing the right ERP system for a business should begin with self-evaluation. A review and analysis of all current business processes should look at the strengths and weaknesses first.

In addition, a business owner will then have to determine the software that best fits the business’ current technology infrastructure. The cost of implementation and use will also need to be evaluated. These considerations will help to narrow the field of ERP software and system possibilities.

For more information, download our free Ebook below for all you need to know about making your way through the ERP selection process.

The next step is choosing your implementation partner.  This is just as an important choice. To read more about the importance of choosing your partner wisely, read here.

Employer Self-Service in MYOB Advanced People – available now!

Employees would be familiar with the process of manually applying for leave, either by emailing their manager or completing a physical form. Similarly, managers would be familiar with the arduous task of following up on missing or incomplete leave requests. Finally, payroll administrators would be familiar with manually entering leave into the respective pays.

With the new Employee Self-Service (ESS) feature in MYOB Advanced People, employees and managers can say goodbye to these time-consuming, manual, processes! Similarly, employees can now manage their own details and submit leave requests. Managers can review leave requests received from employees and approve them. All from their computer or mobile device!

The ESS feature in MYOB Advanced People means employees and managers will have:

  • Access and/or permission to manage their own details
  • Ability to submit leave requests
  • Ability to approve leave requests

Note that availability to features and functions are subject to the access rights granted in the system.

Employer Self-Service: now available in the MYOB Advanced People mobile App!

Employee Self-service functionality in MYOB Advanced People is now available in the MYOB Advanced mobile app. Therefore, you can access leave requests and manage your own details from the comfort of your own mobile device. The app is available for download from either the Apple App Store or the Google Play Store.

How to set up Employee Self-Service

Implementing the new Employee Self-Service feature in MYOB Advanced People will change the way employees and managers manage leave and employment details, removing the paperwork and manual processes, saving time you can allocate back to tasks that matter! Kilimanjaro Consulting has prepared user guides for employees, managers and payroll administrators on how to use this new feature.

Contact us at [email protected] to gain access to our user guides and to discuss implementing the Employee Self-Service module in MYOB Advanced People.

What to Expect From Your Enterprise Partner

Editors Note: This article was originally published in April 2016 and has been reviewed and updated in order to provide the most relevant and accurate information.

For small and midsized businesses, it’s not a matter of if they will need an Enterprise Resource Planning (ERP) software but when. ERP systems offer businesses a centralised hub to manage data from a variety of company departments and functions. Selecting the right enterprise resource planning (ERP) software is important, but an equally important decision that is often overlooked is the choice of your enterprise partner.

Businesses should be aware of the “implementer risks” before making a large investment. With the right partner, ERP implementation should flow into ongoing assistance and Business Process Improvement (BPI). Outlined below are the key considerations businesses should look for in their enterprise partner.

1. Experience

Your enterprise partner should have rich experience, coupled with the right attitude. Stick with the “tried-and-true” rule.  Experienced partners are usually better qualified to provide you with the knowledge and support. Newer, inexperienced partners are still cutting their teeth. You may be paying for their education. Experienced partners will know the strengths and shortcomings of the ERP system and won’t be shy to convey this to you.

As new partners compete to gain market share, they are tempted to quote low. You may gain a financial advantage by opting for newer, less savvy partners but it is often a case of “penny wise, pound foolish”. ERP implementations have a habit of blowing the budget, and this is more likely to happen with a less experienced partner than with an experienced one. Your investment includes the “insurance premium” you pay to reduce the risk of a blow-out.

It is always safer to select a partner with proven ERP industry experience and a positive reputation, giving you peace of mind.

Kilimanjaro Consulting has over 13 years proven experience across a range of mid-sized companies. Our company operates nationally with offices in North Sydney, Paramatta, , Canberra, Melbourne, Perth, also Auckland New Zealand and Christchurch New Zealand lead by our sister company Enprise Solutions. Our Testimonials indicate that we are a trusted and reliable enterprise partner.

At Kilimanjaro, our employees are equipped with the skills to guide you through the various phases of the lifecycle of MYOB implementation (see graph below). We have a combination of skills in business consulting, accounting and IT. Read on the benefits of working with the number one partner.

2. Structured Methodology

Some enterprise partners lack a structured implementation, support or BPI methodology. Good implementers will follow a systematic framework which will guide clients and the implementer step-by-step through the process. Without a structured methodology, the speed and sequence of steps will be confused. This results in confusion and dissatisfaction. A methodology incorporates the lessons learned from past experience, ensuring that the same mistakes cannot be made again.

At Kilimanjaro, we follow a systematic and structured framework developed over 13 years, to guide our current and prospective clients through the implementation phase and beyond. Our goal is to improve efficiency in our clients business through the use of clever, creative and innovative technology.

3. Training and Support

The right enterprise partner should provide you with continuous training and support. Make sure that trainers have sophisticated education, experience and are qualified. Using a technical person to do training does not always work. Even post implementation, when getting help-desk support, the person delivering the support should be teaching you. A teaching and training support network with refresher courses and continuous learning for your business is important.

Kilimanjaro offers comprehensive training courses in a variety of areas including:

Attendees are provided with on-site or classroom-style sessions presented by qualified trainers. This allows for face-to-face interaction and a practical learning experience. Remote training is also available to suit individual requirements. Kilimanjaro has also developed an online platform for everyone who wants to accomplish training at the convenience of their own desk Up-to-date manuals are provided, and call-in support is easily available. Every interaction with the support team is used as an opportunity to train users. Our team is equipped with the skills and knowledge to improve efficiency and maximise user experience within your ERP system

4. Accounting Skills

Due to the nature of most ERP systems, accounting skills and knowledge are essential of a good enterprise partner. Partners that lack accounting skills will struggle to provide even basic support to clients.

As the first and longest-standing Diamond partner in the MYOB partner channel, we at Kilimanjaro differentiate ourselves from other partners. Our experienced professionals are equipped with in-depth accounting knowledge and skills which can guide you through the most complex technical and accounting problems. We have access to both internal and external qualified accountants to advise when required.

5. Business Process Improvement (BPI)

Continuous improvement in any company is as important as a new system.

Companies that do not engage in BPI generally lag behind their competitors. Continuous improvement means identifying, analysing and refining your own processes.

Not only will good partners understand the software, they will deliver the thought leadership needed to help improve your business. The right enterprise partner should deliver BPI to leverage the ERP solution. They should work to build employee skills to improve procedures and workflows. The adoption of BPI has a direct positive outcome for clients and an overall user experience, as well as an increase in employee performance.

At Kilimanjaro, we are forward thinkers. We utilise a phased approach to continuously learn about our clients’ business to optimise efficiency. We provide ongoing technical support from qualified experts. Kilimanjaro uses BPI to identify areas of improvement in your business and to show you new technologies that can benefit your overall strategy. This is particularly important in an ever-more-connected world. For more information about BPI, learn the benefits and Kilimanjaro’s approach here.

6. Relationship with Vendor

One of the most important factors to look for in an implementation partner is the long, ongoing relationship between a partner and its vendor (the Software house). An enduring relationship indicates trust and continuing communication.

As the first Diamond partner in MYOB’s partner channel, Kilimanjaro has a proven established relationship with MYOB. We are proud to be directly engaged with the MYOB product managers as we have the opportunity to influence the direction of product development as well as share feedback from our clients who matter.

7. Integration Skills

The ability to integrate multiple systems is becoming as important as specialised technical knowledge. Your enterprise partner should be able to provide connected services by being able to integrate “best of breed” software to your core ERP system. We have countless examples of clients of being badly “burned” by purchasing so-called “integrated” products from high-pressure sales people, only to find it wasn’t quite what they expected. Make sure you speak to a trusted advisor if you are considering a third party product.

8. Team Stability

Businesses need to be aware of the risks posed by an implementer leaving mid-project. Look for a stable team when selecting your partner. There should be a high level of cohesion and low staff turnover.
Maintaining a positive workplace culture is a significant goal at Kilimanjaro.

Our unique and tribal culture creates a positive team environment. Our employees value our clients, building long, ongoing relationships, in the spirit of a true alliance. Our team is stable. This ensures low risk. Our clients can contact their implementer, not only during the implementation process but post Go-Live as well.

 

 

9. Hunters or Farmers

Your software is a platform for growth for your business. Businesses do not change software often (maybe every 7-10 years), so a long-term partner is essential.

Those partners who merely provide implementation services and do not nurture their clients in growth and support are known as “hunters”.

“Farmers”, on the other hand, are those who support the growth of businesses over the length of a relationship.

At Kilimanjaro, we pride ourselves on being “farmers not hunters”. Having sown the seed of efficiency improvement, we are here for the long haul, nurturing through good and lean times as your needs evolve. We keep pace with new technology that can benefit your business.

Enterprise Partner Checklist

In addition to the characteristics discussed here, also look for the following:

  • Dedicated support desk
  • Business analyst on team
  • Training course portfolio
  • Information about new versions
  • Development and integration capabilities
  • Includes Payroll or Employer services in their portfolio
  • “Critical Mass” of qualified consultants

Looking for a Partner you can trust?

Switching to Kilimanjaro as your enterprise partner is simple. Our Connected Services Team and Business Process Improvement department will guide you through every step of the way.

Our people are our greatest asset. We’re sure they’ll be yours too.

For more information, do not hesitate to contact our Strategic Accounts Management and Connected Services and BPI team here or fill out the contact form below.

For more information about your ERP selection process, download our Free E-book here or download our risk flyer below.

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Our response to COVID-19

To ensure business continuity and support during the Coronavirus (COVID-19) pandemic, Kilimanjaro has made some changes to our standard procedures. These are designed so we can do our part to reduce the overall spread of the virus and ensure the health and safety of our staff and clients.

Contacting Kilimanjaro for Support with MYOB Exo and MYOB Advanced

Our 1300 857 464 National Support Number is failing intermittently due to a general overload on the systems of the company that provides this service. If you are unable to contact us on this number, please try our direct lines:

E-mails will be responded to as usual on:

Working from Home

We are allowing staff to work from home where possible. They have full remote access to our systems. This means that when you are talking to a Kilimanjaro staff member, they may not be in their normal office environment. Please exercise understanding and patience. All of our consultants are highly ethical and bound by strict confidentiality provisions, so you need have no concern about the confidentiality of your information, albeit in a home environment. Consultants also access our systems securely, using their company laptop and connecting through a secure terminal server.

Visiting our Offices

Face-to-face meetings may still be required from time to time.  We have implemented a set of protocols internally to minimise the risk of spread of infection. Please be aware of these protocols before you visit our offices. Our geographical distribution is a big plus in the current situation.

Visiting your workplace

We are discouraging our consultants from doing on-site visits. This means that we will all (staff and clients) need to adopt the use of technology to communicate. Our consultants will suggest the best options for all communication, being either phone, GoToMeeting, GoToTraining, TeamViewer or MS TEAMS if your organisation is MS TEAMS enabled. We understand that this may be challenging for some of our clients. Our consultants will do all they can to make this a seamless experience for you and adopt practical strategies such as clear agendas and timelines, regular breaks and video links where possible.

If you are requesting one of our consultants to visit your workplace, please let us know in advance what protocols we need to observe. We have advised our consultants to practice “social distancing” at all times.

Keeping the momentum going

If your MYOB implementation or project is already in progress, it would be wise to keep the momentum going. Even if you are working remotely this provides an excellent opportunity to focus internally, without the usual day-to-day distractions. Our consulting teams are fully equipped with the technology to work effectively while remote, and now is a great time to get those important projects finalised. We encourage you to contact your consultant or our project manager if you have any questions or concerns.

MYOB Exo and MYOB Advanced support

We understand how the constantly changing environment at the moment is affecting all businesses in one way or another. We want to assure all our valued clients that the Kilimanjaro Team is navigating through this as best we can and our team is still readily available to provide support for both MYOB Exo and MYOB Advanced in your business. If you need to contact us, please feel free to enter the contact form below or reach us on one of the numbers above. We are here to support you!

Updates

As the situation is constantly evolving, we may need to make some changes to these arrangements in the coming weeks. We will keep you informed as these changes occur.

In the meantime, please rest assured that we are here to support you in your use of clever, proven technology in these challenging times.

Love Your Work

One of the most successful entrepreneurs of the last century once said “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” – Steve Jobs.

At Kilimanjaro, we believe it is essential to love your work. We suggest a few things that can make this easier for everyone. Kilimanjaro collectively agrees that the key to start loving your work is a combination of the organizational culture and the environment we work in. We are not afraid to say our team is our greatest asset, both because of their quality skills and the ability to adapt to the unique tribal culture that we pride ourselves on.

Birth of the Tribe

It was almost 13 years ago that Kilimanjaro established a company that to this day strives to support businesses with their journey of growth using carefully chosen and implemented ERP software. As our team has grown from a mere two tribe members to over 60 MYOB specialists, the company has continued to flourish. We have achieved this through the proper structure. This gives every employee a voice and encourages the vision ‘farmers, not hunters’. The creation of this unique culture has been nourished and continues throughout all our offices. Therefore, we would like to share our Tribes’ secrets on how to make your team love their work.

Flat structure

At Kilimanjaro, we believe in the African saying “Ubuntu” which means I exist because you exist, and you exist because I exist. Everyone here is treated equally which inspires a constantly encouraging workplace environment. This atmosphere allows employees to believe that they can develop their own skills and personality to coincide with the business, which is key to maintaining long-term employees that respect the business. To find out more about how to create this encouraging atmosphere, have a read of ‘It’s baby steps as new employees learn your environment’ written by our managing director. Above all, we don’t see the benefits of a command and control environment. Creating a positive space for our team creates a positive environment for our clients, feeling confident they are in trusted hands.

Creation of the Golden Rules

We all need some rules to follow. At Kilimanjaro, we very early on defined 9 Golden Rules which we expect everyone without any exceptions to follow. The vision was to create a liberated, unique and resilient company. One glibly talks about organisational culture, built on the foundation of a set of core values. If you haven’t created them as of yet, define that set of values now, to avoid ending up like every other mundane, pedestrian organisation. In order for the rules to be effective, the rules must be part of your way of doing things. One of them which is very close to our hearts and improves internal functionality is “We keep our promises”. In essence, we don’t make commitments to work we can’t deliver. This works well internally and externally for our clients.

Work-life balance

Kilimanjaro Consulting - Love your work

To begin with, for a business to thrive, it is important that employees are focused and motivated. To ensure this, simple rest and relaxation are essential. Although the ‘work-life balance’ may seem difficult, there are a couple of things you and your team can implement so that every individual is not over-worked and stressed in the company. At Kilimanjaro, we encourage taking time for yourself and switching off from your devices, likewise, spending quality time with family and friends and indulging in the right meals, exercise or other hobbies will help maintain balance. We believe that planning this time effectively will lead to an effective workplace environment. In summary, the more time you spend looking after your mind and body, the more you will achieve at work.

Our people are our greatest assets

We nurture our people, create an environment in which they can thrive, teach others, grow and progress. We seek for clever, intelligent, creative, diligent people to love working in our environment and then we give them more responsibility, more discretion. In return, they deliver the agreed outcomes. If our people are stressed, unhappy, unmotivated, we need to change our organisation, not change the people.  Supporting one another and engaging in team-building experiences is another great way to create a community within the workplace. Kilimanjaro has successfully created this type of atmosphere by combining our Corporate Social Responsibility with team exercises. To read more about our involvement with inspiring charities and ways that our team have bonded through this, check out our CSR page.

We love our work

Most of us are spending 40 hours or more at work per week. That is around 90,000 hours at work over a lifetime. With numbers like this, it is important that your job is an inspiring, exciting and joyously challenging activity. We hope that our ideas are able to motivate a better workplace, a positive mind space and overall growth for you and your business.

Why attend MYOB training with Kilimanjaro Consulting?

Ensuring that your staff are well-trained is vital in getting the most value out of your MYOB ERP or Payroll system. Selecting the right MYOB training provider is equally as important. So, why choose Kilimanjaro Consulting?

Knowledge

Our consultants have a wealth of knowledge ranging from finance, business processes, implementation and training. They are MYOB Accredited and update their product knowledge and skills with each new version released by MYOB. For instance, some of our longstanding consultants joined the Kilimanjaro team directly from MYOB, where they previously provided training and support to other consultants.

Not only do our consultants have extensive product knowledge, but they are also MYOB users themselves.

Facilitators, not lecturers

When providing training, our consultants act as facilitators rather than lecturers. They assist discussions around workflows and business processes, provide users with recommendations and best practice, and train users on these processes.

Training materials

Whenever users complete their MYOB training with Kilimanjaro Consulting, whether it’s attending one of our classroom courses, completing an online course via our Training Portal, onsite, or customised training, they receive training manuals to refer to upon completing the training[1].

In addition, these manuals are regularly updated by Kilimanjaro Consulting to include the current product features.

Variety

We have several classroom-based and online courses available on MYOB Exo Business, MYOB Advanced and MYOB Employer Services to upskill users depending on their requirements.

Locations

Classroom-based training

We regularly run classroom-based training courses in Sydney, Canberra, Melbourne and Auckland. Depending on interest and demand, we also run training in other centres, such as Perth or Christchurch.

On-site training

We recognise that classroom-based courses or courses with predefined content aren’t always suitable. As an alternative, we provide customised training to suit your specific training requirements[2]. We strive to provide an exceptional standard of training aligned with your own internal processes. These tailored sessions can either be conducted at your offices, at our Sydney or Melbourne offices[3] or even remotely.

Online courses

Likewise, we understand the importance of empowering your staff with the right skills and knowledge. Therefore, via our online platform MYOB users have access to a range of online courses that can be completed in the user’s own time and at their own pace.

Erosion of Skills

When we were kids, we all played the “ Chinese whispers”[4] or “broken telephone” game. As the message is whispered from one person to another, it becomes corrupted. “John’s dog is dirty” becomes, “They say you’re a dirty dog, John”. In short, this is what happens every day in your own business if you rely on an existing employee to train a new team member. Imagine the gain in productivity if every new employee receives a good foundation in the capabilities of the system. The cost vs benefit is obvious.

[1] Subject to training content and product.

[2] For users of MYOB Advanced Business and MYOB Advanced People, only customised, tailored, training is currently provided.

[3] Subject to facility availability and the number of attendees.

[4] https://en.wikipedia.org/wiki/Chinese_whispers

 

Download our Training schedule here.

ezyCollect Payment Writeback in MYOB Advanced

Accounts receivable platform, ezyCollect, has announced its latest service offering to MYOB Advanced users: Payment Writeback. Now, any online payments accepted via ezyCollect’s payment portal are automatically allocated to both invoices and sales orders in MYOB Advanced (powered by Acumatica)*.

“The potential time saving here is significant,” says Kilimanjaro’s Stephen Friend. “AR staff will no longer need to manually search for payments, then allocate them one-by-one. This is a great opportunity to eliminate a tedious task that is susceptible to human error.”

How does ezyCollect Payment Writeback work?

ezyCollect integrates with MYOB Advanced to improve accounts receivable efficiency in medium to large organisations. (We’ve previously written about ezyCollect late payments solution here.)

With ezyCollect’s online payment portal, you can add a Pay Now button to your digital sales orders, invoices and ezyCollect’s automated reminders. Your communications get an instant upgrade with this seamless opportunity for customers to click and pay immediately.

Inside their ezyCollect payment portal, your customers can view all of their open invoices, and pay multiple invoices in full or in part.

Below, you can see that our example customer has four open invoices and is paying two invoices in full, and making a partial payment on one invoice.

From there, your customers complete a simple online checkout process to pay immediately with a credit card. As it is a self-serve portal, your customers can complete this independently. You could be closed for business, but it is still collecting money!

Here’s where the payment writeback magic happens:

Once a credit card payment has been approved, you’ll be able to see the payment allocated in MYOB Advanced.

  1. Go to Receivables in your left-hand menu
  2. Click on Payments and Applications
  3. The latest payments are listed chronologically

You can see the payment in the example above is at the top of the list and has a Closed status:

To see the details of this payment, simply click on the Reference Nbr hyperlink.

In our example, you can see a listing for each of the three invoices that were paid, including the balance of each:

For further detail on each invoice, click on their Reference Nbr hyperlink. An invoice that is paid in full has a ‘Closed’ status. An invoice with a balance remaining has an ‘Open’ status.

For example invoice 001168, below is now closed as it was paid in full.

If the payment has been made against a Sales Order it will come across as a Pre-Payment.’. When created, the subsequent invoice will automatically have the payment allocated to it saving time and minimising the risk of errors on the application.

While the online payment solution explained here has full functionality when used in conjunction with ezyCollect’s workflow for automated invoice reminders, MYOB Advanced users can use ezyCollect’s free payment portal on its own for a basic online collections system.

* The functionality described here relates to MYOB Advanced version 2019.1 or newer

For more information, contact us to arrange a one-on-one demonstration of ezyCollect’s online payment feature.

2019 Annual Tribal News

End of Year Message

The end of 2019 approaches, and we move towards the start of a new decade. It also marks 20 years since the Y2K scare and the introduction of GST in July 2000. These were the triggers that led Australian businesses to rapid computerisation. Since then, software and hardware have become more and more sophisticated and capable. The rapid evolution of technology over these 20 years has and continues to have, an enormous impact on business efficiencies.

2019 was, for Kilimanjaro, the year that we brought back the voice of the client. We realised that our processes worked for us, but not necessarily for our clients. We made a determined effort to listen to the clients’ voices, and we committed to improving our service. This is an ongoing initiative.

Our MYOB Advanced team came of age, delivering the largest project in Kilimanjaro’s history. Phase 1 of an MYOB Advanced implementation for a large Australian software house was delivered on time and on budget. Well done to the team involved. Phase 2 and Phase 3 are still to follow.

You will no doubt start seeing the benefits of the Enprise / Kilimanjaro Joint Venture. Together, we are over 100 consultants strong. This is a highly skilled team, with decades of experience in accounting and ERP systems.

The poor state of the economy, both State and Federal, will be impacting on our clients’ businesses as it is impacting on ours. I believe that businesses invest in their systems when they are optimistic. At the moment, there is not a lot of optimism around. This is a good time for businesses to focus on efficiency, and our teams are here to guide you through simple or complex improvements.

To those of you that celebrate Christmas, wishing you all a very happy Christmas. To everyone, wishing you a happy festive season and a great 2020.

We once again look forward to serving you in the years ahead.

Ronnie Baskind,

Managing Director

#ClientFirst initiative

Kilimanjaro has grown rapidly over the past decade and retains its position as the largest MYOB Enterprise Solutions partner. Our philosophy of being “farmers, not hunters” means that we put our clients first. Sometimes, the voice of the client gets lost as a company grows. Processes and procedures are put in place that suits the company more than the clients. With a realisation that we need to avoid going down the path of bureaucratisation, we launched an initiative, #ClientFirst, to guide all of our decisions in the company. This was supplemented by implementing a Net Promoter Score (NPS) survey, using a modern tool called AskNicely. Our goal is an NPS greater than 30 in every department. We take the feedback from the NPS survey seriously and evaluate our processes against this “voice of the client”.

The #ClientFirst initiative has been supported across the company with enthusiasm and excitement. Scores are going up, and we are currently rated as +33 across all departments. Plenty of room for improvement. The lessons from the high-performing departments are being used as a guide to improving the lower performing ones. This has been a truly successful initiative and one that will prove the adage that if you look after your clients, your clients will look after you.

Diamonds are Forever

Back in 2016, Kilimanjaro became MYOB’s very first Diamond Partner. Consistency and excellence is something that we strive for, so this year, when we were awarded MYOB Diamond Partner status for the 4th consecutive year, we knew that we were doing something right. This is the highest possible MYOB Channel Partner status. At the start of our journey in 2005, we set ourselves a “big, hairy, audacious goal” of being the premier partner. We have truly earned this designation. We are proud of everyone who contributed to our continued success, and we will strive to keep up our winning streak!

Excellence in Business Development 2019

The 2019 MYOB Partner Conference, held this year in Noosa, Kilimanjaro was honoured to receive the award for Excellence in Business Development Australia. Although economic conditions in Australia have been tough, our marketing and sales team came up with the goods again. Kilimanjaro welcomes competition as it keeps us on our toes, and these awards bring us back to the reality that we have to continue to do better, as the competition in our markets hots up.

Our people are our greatest asset

As a company, we live and die by our Golden Rules. These are not just some trite aphorisms but are embedded in the way we do things at Kilimanjaro. A professional services company is only as good as the professionals in the team. Our recruitment processes are robust and diligent, and every one of our Sherpas has been carefully selected. The term “best of the best” would not be out of place. Our journey to the top would not have been possible without our talented Sherpas, who always “sharpen the spear”-, and strive to do better. It is this mentality and tribal culture that has allowed us to succeed and provides a solid foundation to ensure that we maintain our levels of excellence far into the future.

 

 

MYOB Exo and MYOB Advanced User Groups

Kilimanjaro has been the proud sponsors of the Exo User Groups for the past five years, and we have been excited to witness the tremendous growth of these events over the past two years. The MYOB Exo and MYOB Advanced User Groups, (the latter only being introduced this year) have helped users come together to learn more and share insights and opinions about the products. With almost 350 registrations across the nine User Group events in both Australia and Auckland, 2019 has proven to set a high bar in the event’s evolution. To seek more information about the User Groups, or to join the on-line equivalent, visit our User Group Page.

 

Two new training courses: Generic Inquiry Report Writing and MYOB Exo Business Report Writing

Our focus on end-user training as a tool for disseminating and sharing knowledge has always been something that differentiates Kilimanjaro from our competitors. To keep up with growing demand, we have just expanded our repertoire of training courses. Additions to our MYOB Exo Business Report Writing course, as well as the MYOB Advanced Generic Inquiry Report Writing course, have been introduced to ensure that the attendees of our training courses walk away with practical knowledge of report writing. In addition to these, we have a host of educational training courses coming up in 2020, and we invite you to review them here.

CSR – R U OK Day and Movember

At Kilimanjaro, we understand the importance of corporate social responsibility (CSR) and immerse ourselves in many different activities, hoping to make a difference to the communities we operate in. Within our workplace, we actively promote causes that help members of our tribe connect, and we look at ways to create a supportive environment.

Who Kilimanjaro Supports

  • Organisations where we feel we can make a meaningful contribution
  • Charities that represent and defend the interests of their beneficiaries
  • Foundations that are efficient in their use of resources
  • Those which have a positive impact on the communities we interact with

The tribe got together with a couple of furry friends to reconnect in a friendly environment for our annual R U OK? Day morning tea. We pride ourselves on maintaining a close-knit organisational culture. With every step towards removing the stigma around mental health, that supportive culture blossoms even further into something truly priceless.

We also participated again in the Movember Movement in support of men’s health, with a group of Sherpas either growing out their beards/moustaches or running 60kms during the month. We are so proud of the committed individuals who contributed to helping change the lives of so many. You can see more about Kilimanjaro’s results here, but for now, it’s time to hit the showers!

Read more about our CSR activities here, but the following deserve a special mention!

Chugg Entertainment Case Study

One of our notable achievements this year was implementing MYOB Advanced for the Australian based, globally renowned music company: Chugg Entertainment. Chugg has worked with internationally recognised acts such as Elton John, Alanis Morissette, Santana, Robbie Williams, Coldplay and Radiohead. Chugg Entertainment needed a system that could give them complete oversight and control over their projects and events. Once we understood their requirements, we proposed MYOB Advanced as an integrated solution. A big plus was the MYOB Advanced mobility, which would solve their problem of entering data and providing project accounting on the road.

Post-implementation, Chugg was able to save a considerable amount of time by eliminating manual processes. They were able to build confidence in their intercompany financials, and can now focus on the things that mattered. To read more about this successful partnership between Chugg Entertainment, Kilimanjaro Consulting and MYOB Advanced, access the full case study here.


 

Sneak peak into our new website

They say good things get better with age. After 13 years, our corporate image was looking a bit dated, so we embarked on a brand “refresh” to better reflect our alignment with cutting-edge technology. Our renewed appearance and sense of self will soon be reflected on our website. We have embraced modern website aesthetic, making it more user-friendly for our existing clients and more attractive for our future ones. We hope that our new design will help those who require our services to find their way to the solutions they need.

Add-on products (Velixo)

In the spirit of “sharpening the spear”, we continuously test innovative, promising third-party software to add to our connected services product repertoire. This year we’ve partnered with the Excel©-based reporting tool, Velixo. Developed exclusively for MYOB Advanced / Acumatica, this software allows CFO’s and accountants the ability to create reports using a seamless connection to MS Excel©. For more information on this great pairing, please visit this page to learn about how this add-on product can change the speed and ease with which you can create dynamic reports.

Client Referral Competition – Tokyo!

Without our clients, we would not have a business. To reward our clients for being such strong promoters of Kilimanjaro, we run a Client Referral Competition that encourages our clients to refer us to other businesses who might benefit from our services. This time around, aligned with the launch of Project Tokyo in MYOB Exo, we are allowing a lucky winner to experience 3 nights in the cultural phenomenon that is Tokyo City, (or to enjoy Australia’s most collectable wine with 6 bottles of Penfolds Grange). This competition will be running until April 2020. The winner will be announced at the end of the next round of MYOB User Groups. To read more or to make a referral see our Client Referral Competition page here. Good luck to all our amazing clients!

Corporate Video

We are very proud to have officially released our new corporate Kilimanjaro videos. These videos illustrate who we are, what differentiates us, and how we make ERP implementations successful. The videos were created to give the audience a wider perspective of our company and its Core Purpose. They also showcase the tribe that works behind the scenes to make Kilimanjaro the leading MYOB Partner that is it today. Watch these short videos to learn more about who we are, what we are about, and how we play our part in helping businesses achieve their own goals.

Growing the Tribe

Our business is a living organism, with new Sherpas joining us and others moving on to new challenges. Building a team is the largest challenge facing mid-market businesses, and Kilimanjaro is no different. More work needs more people. New technology needs new skills. We have had steady growth this year with more Sherpas joining the tribe to contribute their expertise.

  • Samantha Cramer: Marketing Assistant
  • Diego Sing: Projects Consultant – Development
  • Brent Blumberg: Consultant – Strategic Account Management and Connected Services
  • Aldrich Lazarte: MYOB Exo Support Consultant
  • Julie Turner: Implementations Consultant
  • Leo Wong: Network Administrator
  • Sharon Zadeh: Projects Consultant
  • Laura
  • Ayessa
  • Alia Tropiano

Farewells

We like to instil the ideology ‘once a part of the tribe, always a part of the tribe’, so that when the time comes to say farewell, we feel that we aren’t losing the connections we’ve made. We wish those who have moved on all the best in their new endeavours.

  • Saadoun Baydee: MYOB Exo Support Consultant
  • Jen Gee: Network Administrator and I.T. Coordinator
  • Radika Lee: Senior Consultant – MYOB Advanced
  • Ralph Reyes: Consultant – Strategic Account Management and Connected Services
  • Chris Bogucki: Senior Consultant – Implementations
  • Graham Bowers: Consultant – Enterprise Solutions

Summit Review – Tim Reed

This year marked our 10th annual Kilimanjaro Summit, where Sherpas from both Australia and New Zealand gathered to discuss the past year and make inputs into the plans. The theme for the summit was: “The Journey to the Destination” We were lucky enough to hear from Tim Reed, the CEO of MYOB, as our Keynote speaker. He inspired us to think about the journey, rather than just the destination itself. After various presentations and team building activities, the Summit proved that our Sherpas are willing and capable of continually sharpening the spear. There was a host of innovative ideas for improving our business over the coming year.

Kilimanjaro Consulting
 

Enprise Joint Venture

At our Kilimanjaro Annual Summit, we tapped into Tim Reed’s keynote address and defined the destination of our joint venture with Enprise. Tim’s presentation came at the perfect time, as Kilimanjaro moves towards operating as a single entity with Enprise. Enprise Group is an NZX listed entity, and the idea of closer co-operation in an environment of increasing competition holds enormous benefits for our clients.

 

E-Book: Making your way through the ERP selection process.

Anyone who has considered Enterprise Resource Planning (ERP) software can tell you of the complexities involved in making the decision. With a host of software choices, consulting firms and price matrices, it’s easy to get lost and confused. To help demystify the process, we created an E-Book which will guide potential ERP buyers through this turbulent decision-making process! You can access this book here, and we look forward to doing our bit in helping you scale new heights.

Changes at MYOB

During May 2019, US-based private equity giant KKR completed its $2 billion acquisition of MYOB. A change in ownership is always an uncertain time, but during the past few months, we have received very encouraging signals that KKR sees the MYOB Enterprise division as a high-growth area. As such, it is likely to receive more attention within the larger MYOB group. This will no doubt have enormous benefit for the products we support, both in terms of product development and marketing spend. We look forward to continuing our strong relationship with MYOB over the coming years.

Draw a line under it and move on

“One thing I admire about accountants is their ability to digest bad news. Close the month; the period; the year; draw a line under it and move on. Make sure that the next year is always better than the last. Learn from your mistakes, don’t be scared to try new things, and keep moving forward. Thank you to all of our wonderfully supportive clients for being part of our tribe. Thanks to our alliances and suppliers for trusting us to fly their flags. Thanks to our Sherpas for making this a very special and unique company, and thanks to their families for their silent support, tolerance and patience.”

 

 

 

Highlights from the MYOB Advanced User Groups

Kilimanjaro is proud to support our clients in all aspects of their Advanced journey, including training materials and ongoing support. We also encourage users to attend helpful events where we share our insights and information about the product. This year, Kilimanjaro were sponsors of the very first MYOB Advanced User Groups. The events provided the opportunity for all users, (or anyone seeking a more complex ERP system) to get together, learn helpful tips and tricks and share thought leadership to improve business efficiency.

These half-day events were held during September and October, in Melbourne, Canberra, Sydney and Auckland NZ. The events guide users to maximise the software’s potential and assist their businesses to improve efficiency.

Missed out? Here are some key takeaways from the Sept-Oct 2019 events.

1. The Benefits of MYOB Advanced Upgrades

MYOB regularly releases updates to MYOB Advanced (powered by Acumatica) so that users can benefit from improved functionality. With this in mind, we previewed the latest 2019.1 update at the User Groups, with exciting functionality including:

  • Significant new features within Generic Inquiries to improve reporting and visibility of information throughout the system. This customisation is also available to the list view of entities/records that is available.
  • A new company/branch selector menu
  • Improvements to colour scheme to enable different colour selection across Companies and Branches.
  • New Warehouse Management System (WMS) functionality within the MYOB Advanced mobile app.

New releases always include some exciting new functionality. To find out more about 2019.1, visit our MYOB Advanced version release history here. Alternatively, you can give us a call to discuss how to make the most out of the newest version.

2. e-Invoicing and reducing laborious manual processes

An e-invoicing initiative was announced by both the Australian and New Zealand governments in February 2019.  It is estimated it will save businesses approximately $30 billion in transaction costs in the first 10 years.

As a government-sponsored initiative, we can expect grassroots support from a range of ERP and accounting systems vendors. A world with significantly reduced manual data entry and paper is something we can all celebrate.

MYOB Advanced is well suited to comply with this new initiative, once it gets going. Thus, we look forward to the efficiencies and additional value this will bring to MYOB Advanced users.

The desire for efficiency was a consistent theme across the User Groups, with many success stories focusing on automation and integration. Any manual processes in place within a business presents an opportunity for business process improvement.

3. Improved financial reporting through Velixo

There are many opportunities for us all to improve the visibility of information and reporting available within our businesses. One of the areas we regularly hear needs improving is financial and board reporting.

Operating within Microsoft Excel, Velixo is a General Ledger and project reporting tool that is fully integrated with MYOB Advanced. It provides MYOB Advanced users flexible financial reporting at their fingertips with the ease of familiar tools. The Velixo Excel® add on provides more than 45 functions to pull through general ledger and project data from MYOB Advanced.

4. Ensuring MYOB Advanced evolves with your business

A common theme at the MYOB Advanced User Groups was a lack of awareness of many features within the software. This is often due to insufficient training. A significant reduction of knowledge and efficiency comes with staff changes, leading to frustration for users. For this reason. we strongly recommend ongoing training to ensure that MYOB Advanced is being fully utilised by all users.

Kilimanjaro provides training to fit every business’s individual requirements. To find out more about our range of Training alternatives, check out our training options here.

Particularly if your business is evolving, consider engaging Kilimanjaro for a business process improvement project. Kilimanjaro’s Business Process Improvement methodology begins with an on-site visit to ensure a collaborative approach and to identify your own goals and objectives. Finally, we always use industry best practice when putting process improvements in place.