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Unlock SME business benefits with MYOB Acumatica
“Organisations with future-fit platforms and practices grow 3.2x faster than their industry peers.”
— (The Forrester Report)
To claim that next level of professional growth you need to eliminate the parts of your business that are slowing you down: wasted time, patchy customer service and erratic inventory management to name a few. These inefficiencies are resolved when your organisation works with cloud-based enterprise resource planning (ERP) like MYOB Acumatica, and gains access to a single source of truth.
The integration and automation of ERP can optimise and streamline any business, no matter the size. Cloud-based ERP is fast, always accurate, and – as an added bonus – it never needs to take a lunch break.
Here’s a few ways MYOB Acumatica adds value for SMEs.
Better business decisions
Most small businesses have grown successfully by owners making decisions based on gut. That works fine when you’re close to operations, but as your company grows you need eyes on every department.
Cloud ERP is the all-seeing business eye you need, connecting your departments to a single point of truth and automatically delivering real-time business intelligence. It lets you set up a dashboard of your most useful business metrics so you can slice, dice, and drill down into the data depending on your questions. For example, keeping an eye on your financial and accounting processes allows for smarter buying decisions and reduced waste.
Keeps cash flowing
You’ll know from experience that cash is the lifeblood of your organisation. Without it, your business options are limited, and it can hamper growth.
“Choosing tools that offer multiple services in the one place or ensuring they only pay for the features they really need, could help businesses alleviate the financial and productivity costs they’re facing.”
— (MYOB Digital Disconnection Report)
To ensure continued access to funds, it's crucial to monitor incoming and outgoing cashflow and maintain an up-to-date cash balance. An ERP system automates the oversight of this, eliminating the need for manual spreadsheet work and ensuring you rely on real-time data for decision-making. While this saves valuable time each week, you also have access to multi-entity reporting for consolidated financial reports.
Minimises manual time What more could your business achieve if every hour was spent on work that added real value? ‘A lot’ is probably the answer.
“Many businesses are wasting valuable time on manual tasks, such as entering information from one system to another (53%), checking for consistency across the platforms (39%), and editing or fixing errors after information is transferred between systems (21%).”
— (MYOB Digital Disconnection Report)
Instead of reporting across various files or using offline plans and documents, you can minimise manual work by integrating your processes on one platform. An ERP system takes it even further – standard automation often means functions are eliminated from your team’s to-do list altogether.
Creates exceptional customer service
Customers come for your products and expertise, but they stay because you make their lives easier. That comes from delivering a fast, consistent experience where problems are caught and solved early, communication is streamlined, and customers get the same information no matter who they talk to.
Doing that well depends on how and where you access your data. You need your salespeople working from up-to-date customer and inventory information and put customers’ purchase or engagement history in front of your support team. That way, customers never have to repeat themselves and they get accurate information. You’ll easily deliver on urgent jobs when team leaders have the full picture. They can triage service requests and allocate time efficiently.
Real-time inventory oversight
Small inefficiencies in your inventory management can add up to big costs. The more oversight you have, the better you can decide when and what to buy.
Because your ERP software is connected to every part of the business, it’s easy to keep track of inventory. This allows you to say goodbye to the headache of managing multiple sites and shifting inventory between them. Cloud ERP tracks serial numbers and can locate issues or shortages in supply quickly so that production can continue. You’ll also know your inventory levels, so you can set alerts for low stock and better predict buying demand. That lets you avoid under or over-buying and use the information to more efficiently manage your warehouses, putting your high-turnover items within easy reach and ensuring you have the staff on hand when you need them.
More secure data
Protecting your data isn’t only important for keeping your business up and running. In many industries, you’ll be required to comply with certain data security standards. Using disparate systems and processes makes it much harder to do this. For example, spreadsheets come with huge cybersecurity risks. If your team members email sheets between themselves or to personal accounts, it’s a serious issue considering 90% of all cyberattacks start with email.
MYOB Acumatica gives your whole team access to the same central dashboard, meaning all reports, data, and work can be stored and shared securely. MYOB Acumatica also comes with dedicated security teams to keep sensitive data safe. This minimises cyberattack opportunities and ensures you’re compliant.
Get your own game changer
While cloud ERP has long been the domain of bigger organisations, the benefits to SMEs are endless. Improved cash flow, exceptional customer service, real-time inventory oversight, and ensured data security means your team can work from multiple locations on any browser-based device and benefit from MYOB Acumatica – all while saving hours each day.
Take a giant leap in your growth and try MYOB Acumatica for yourself.
