Posted on: Monday November 18th, 2019

Author: Kilimanjaro Consulting

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 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.