Australian-based accounting software provider, MYOB, has launched its first Cloud-based enterprise resource planning (ERP) for small to medium enterprise.
MYOB Advanced is an ERP solution designed for mid-to-large companies. The firm said the subscription-based product complements its existing EXO financial and business management solution for large businesses.
It features a browser interface that offers different functionality for employers, employees and clients.
Advanced utilises the public-Cloud based Amazon Web Services (AWS) platform, to allow connectivity over multiple devices and across multiple web browsers.
MYOB said it chose to host on AWS due to the level of agility and scalability the public Cloud platform provides.
The introduction expands MYOB’s suite of solutions for mid–sized businesses to three offerings; Advanced, EXO and PayGlobal.
The three programs are interconnected and work as part of a complete business management solution according to MYOB.
The product is based on software originally developed by US company Acumatica. MYOB bought a minority stake in the firm in October 2014, gaining a seat on the company’s board.
MYOB advanced was developed specifically for the A/NZ market over 18 months by a team of New Zealand-based developers.
MYOB General Manager of Industry Solutions, Andrew Birch, said the firm’s partner network is essential to the success of the product portfolio.
“We have almost 50 partners in Australia and New Zealand, which is the largest partner network in our segment. It is imperative that we have high quality partners because these are very sophisticated solutions that we put into the marketplace, and we need high-calibre, well-trained partners to do that.”
“As we have gone to launch the product to the marketplace we have been in beta then pilot. It has really attracted the attention of some good partners that are very keen to sign up and distribute the product.”
Birch said that Cloud solutions are becoming increasingly popular for end users and partners alike..
“In the SME market the Cloud-based product uptake is quite high. As of june 2014, the product uptake by new SME clients was 63 per cent. That’s up from 36 per cent the year before and 12 per cent in 2012.”
“We expect this trend to continue and have had a lot of strong indication from the SME market about Cloud adoption.”
MYOB Advanced is available from today through partners.