Tuesday, March 10, 2015

MYOB: Helping You “Mind Your Own Business”

Mind Your Own Business, or simply, MYOB is an Australian company that creates and sells business management tools. Their products include desktop software and cloud-based tools that make running a business easier and much more efficient. MYOB is a Microsoft Gold Certified Partner which ensures that their products are compatible with Microsoft software platforms.

Founded in 1991, MYOB released a revolutionary product that made accounting easier for people without any accounting background. At the time, the software was considered a frontrunner when it comes to accounting suites because it was the first of its kind to use Windows to achieve this feat. From one product, the company continued to develop more and more desktop and cloud-based accounting software to suit the different needs of different companies. MYOB received the Telstra Australian Business of the Year award in 1996 and this inspired them to continue to develop innovative products that are not only comprehensive, but simple to use as well. More than a decade after the launch of its first product, MYOB has over 50 products in the market including subscription-based and browser based products. In 2012, the company released a version of its flagship product which is cloud-enabled called AccountRight Live. MYOB also has a suite of mobile accounting solutions that allows clients to manage their businesses using their iPhones or iPads wherever they may be.

In 2014, Business Review Weekly, an Australian business media outfit ranked MYOB 7th in its list of Most Innovative Companies for the Pay Super feature found in MYOB’s AccountRight suite of products. This feature saves companies a lot of time and money by making compliance with SuperStream and managing tax obligations quicker and easier. What is usually accomplished manually in three days can be done in less than an hour with the Pay Super feature.

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