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MYOB releases software targeted at Australian manufacturers

Technology

MYOB has released new software designed specifically for Australian manufacturers, after finding that manufacturing and wholesalers had been one of the hardest-hit sectors from COVID-19.

By Tony Zhang3 minute read
MYOB

The accounting software provider has now released MYOB Advanced Manufacturing Edition.

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The new software aims to assist manufacturers to efficiently manage their entire business end to end using one system.

MYOB said the edition is purpose-made for manufacturers and integrates with MYOB Advanced, MYOB’s enterprise resource planning (ERP) software. 

“Manufacturing and wholesale have been among the hardest hit by COVID-19, according to recent research from MYOB. This data shows a decrease in revenue for two-thirds of respondents compared to last year, with 60 per cent of those blaming COVID-19,” MYOB general manager enterprise Kim Clarke said.

“However, manufacturing is also an industry we expect to receive solid investment as Australia and New Zealand diversify their manufacturing operations.

“It’s those manufacturing businesses that are equipped to take advantage of this growth at scale and efficiency that will succeed.”

Features include bill of materials, production management, material requirements planning (MRP), product configurator and estimate tools.

“The MYOB Advanced Manufacturing Edition is rich with features specifically tailored to an industry that will play a pivotal role in rebuilding Australia’s economy,” Ms Clarke added.

“The edition integrates production and resource management, sales and finance from one central system. This helps manufacturers streamline business processes as well as provide real-time visibility to generate accurate pricing, calculate and manage manufacturing costs, maintain revisions and track financials.

“In addition to catering to accounting and compliance needs, this purpose-built edition is a way for leaders of manufacturing businesses to manage their total supply chain, including financials, all in one system without the need for expensive and cumbersome third-party manufacturing add-ons.”

MYOB releases software targeted at Australian manufacturers
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Tony Zhang

Tony Zhang

AUTHOR

Tony Zhang is a journalist at Accountants Daily, which is the leading source of news, strategy and educational content for professionals working in the accounting sector.

Since joining the Momentum Media team in 2020, Tony has written for a range of its publications including Lawyers Weekly, Adviser Innovation, ifa and SMSF Adviser. He has been full-time on Accountants Daily since September 2021.

You can email Tony at This email address is being protected from spambots. You need JavaScript enabled to view it.

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