Level up from MYOB to NetSuite

Understanding MYOB vs. NetSuite

MYOB, while ideal for basic accounting and business management needs, is more suited to small to medium-sized businesses primarily operating in Australia and New Zealand. It is purpose-made for managing straightforward financial tasks and offers some basic inventory and project management features.

NetSuite is a comprehensive solution, designed to accommodate a wide range of industries and business sizes, particularly those navigating multi-entity operations and international transactions.

Join the ranks of over 20,000 companies and subsidiaries that have turned to NetSuite for managing complex, mission-critical business processes globally in the cloud. Since 1998, NetSuite has led the way in providing enterprise-class cloud ERP solutions, making it the top choice for large enterprises and mid-sized businesses upgrading from basic systems like MYOB.

LP icons

SCENARIO 1

If you are a small to medium-sized business in Australia or New Zealand...

MYOB will likely provide sufficient capabilities for your basic accounting and business management needs.

For smaller businesses, MYOB offers core accounting, payroll, and basic inventory management features that help you manage your finances effectively. It's well-suited for the Australian and New Zealand markets, with local tax and compliance support.

However, as your business expands beyond basic needs or starts to operate internationally, you will quickly find MYOB's capabilities limiting.

6-Jan-19-2024-11-17-14-9405-AM

SCENARIO 2

If your business is growing and operations are becoming more complex...

You may need to consider a more comprehensive solution.

As you add more product lines, expand your customer base, or require more advanced reporting, you might find yourself needing additional features that MYOB doesn't offer.

If you're starting to rely heavily on spreadsheets for reporting, struggling with inventory management across multiple locations, or finding it difficult to get a comprehensive view of your business, it may be time to evaluate a move to NetSuite.

1-Jan-19-2024-11-17-14-9409-AM

SCENARIO 3

If you have plans for significant growth or international expansion...

You will require a more sophisticated, scalable business suite.

If you're looking to expand into new markets, particularly internationally, or if you're planning to significantly increase your operational complexity, MYOB will not be able to keep up with your needs. You'll need a solution that offers multi-currency and multi-language support, advanced inventory management, comprehensive financial consolidation, and the ability to manage multiple entities. In this case, upgrading to a more powerful ERP system like NetSuite will provide the scalability and functionality needed to support your growth plans.

What is cloud ERP and NetSuite?

NetSuite's cloud-based ERP platform streamlines both front and back-office operations, allowing businesses to manage their accounting, finances, customer relationship management, supply chains, sales, warehousing, and eCommerce in one place. With a range of customisable modules, NetSuite serves customers from diverse industries, helping them optimise and grow their business.

NetSuite OneWorld provides a complete cloud ERP system for global businesses to scale, providing multi-subsidiary management and support for local accounting regulations. Its unique features allow it to manage multiple charts of accounts across subsidiaries, providing seamless management for businesses operating globally. In addition, NetSuite offers a range of apps and extensions that allow businesses to tailor their solution to their unique processes, maximizing efficiency and productivity. For more information, explore Annexa's popular NetSuite apps.

What is a NetSuite solution provider?

NetSuite solution providers are expert consulting organisations selected by NetSuite for their ability to deliver comprehensive cloud computing solutions. With a team of specialists including technology experts, accountants, management consultants, developers, former end-users, and integration specialists, they have an extensive and thorough understanding of NetSuite’s ERP and CRM capabilities for mid-market and enterprise customers, and can apply it to the unique requirements of an organisation.

These providers, like Annexa, ensure that NetSuite customers receive the highest level of service when designing, implementing, and deploying their business management solution. Annexa, for example, is Australia's first and only NetSuite Commerce Partner and has achieved NetSuite 5-Star Partner status year on year since 2016, among other accreditations.

How long does it take to implement NetSuite?

NetSuite implementation timelines can vary greatly depending on the size and complexity of the business. While smaller companies can expect a shorter deployment timeframe, larger enterprises may require more time for the implementation of a cloud-based ERP system like NetSuite. On average, however, NetSuite customers can expect their system to be deployed within three months, a significant improvement over the year-and-a-half timeframe for on-premise ERP implementations.

NetSuite SuiteSuccess further speeds up the deployment process by providing pre-configured KPIs, workflows, and reports, allowing customers to get up and running quickly while still delivering value.

Navigate to NetSuite with Annexa

About Annexa

Annexa is an award-winning NetSuite partner working with Australian and New Zealand businesses to help them migrate to holistic cloud ERP solutions that address their pressing business challenges.

Since 1993, we’ve been a part of the growth journey of hundreds of organisations and teams, designing and deploying best practice business solutions that drive business value. And we are here to help you too.

Book a consultation with us to discover how NetSuite can create efficiency and productivity for your business and your ever-evolving role in it.

1300 994 550 | annexa.com.au | sales@annexa.com.au

Leave MYOB behind - with NetSuite your growth is primed

Moving from MYOB to NetSuite is like upgrading from a basic toolbox to a fully equipped workshop, giving you everything you need to manage and expand operations.

Why growing businesses level up with NetSuite

All in one platform

NetSuite brings together financials, inventory, CRM, and more in one powerful platform, that far surpasses MYOB's limited accounting scope.

Room to grow

While MYOB is primarily focused on ANZ markets, NetSuite offers multi-currency, language and location support, and built-in tax and compliance - to support your journey from smaller business to global enterprise.

Customised to fit

NetSuite’s flexibility ensures your unique business requirements are met with customisation capabilities and robust integrations options.

Deep insights, smarter decisions

Go deeper with real-time data, advanced reporting, predictive analytics, customisable dashboards and KPI tracking that transforms your data into your competitive advantage.

Industry-specific solutions

NetSuite offers tailored versions for various sectors, unlike MYOB's more generic approach.

Automate away from manual

Focus more on growing your business with automated workflows that eliminate repetitive work, minimise errors and save your entire team valuable time.

Understanding MYOB vs. NetSuite

Ready to choose a growth-ready tech stack?

Learn how NetSuite supported Cargo Crew’s growth when they switched from MYOB to an integrated, synchronised cloud ERP platform.

"We really wanted to double down on our growth, so we needed to build a strong foundation, and NetSuite has provided a solid foundation to help the business scale quickly and easily."

Gateway Packaging thought outside the box to replace MYOB and other systems with a single NetSuite instance.

"NetSuite has had a huge positive impact across the company in terms of increased productivity, sales and staff engagement. Because each department always has access to the information they need, they’re empowered to make their own accurate, informed decisions."

A mish mash of systems - inc. MYOB, Xero, Excel spreadsheet and SAP - became a single high-performing NetSuite instance for YWCA.

"We wanted a system flexible enough to meet the needs of the organisation, and a partner who could connect NetSuite with external systems. Annexa provided that flexibility."

A strategic move from MYOB Advanced to NetSuite cloud ERP saw ATOM’s revenue grow over 72% in just three years.

"At the highest level, we were looking to adopt a cloud platform that could support our growth aspirations and streamline reporting processes. Everything was far too manual."

When is MYOB or NetSuite the best choice?

If you are a small to medium-sized business in Australia or New Zealand...

If your business is growing and operations are becoming more complex...

If you have plans for significant growth or international expansion...

FREQUENTLY ASKED QUESTIONS

Navigate to NetSuite with Annexa

What comes after MYOB? Speak to the experts!