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  1. MYOB posts online subscriber surge as it contemplates takeover bid

    MYOB’s online subscriptions grew by 57 per cent over the last calendar year, bringing its net profit up by 2 per cent. The accounting software provider saw its revenue jump 7 per cent to $445.2 million for the 12 months ending 31 December 2018, with...

  2. MYOB plans for ‘exponential’ growth in loans arm

    of a discount. The big picture The marketplace of alternative lenders in Australia has become increasingly populated in the last five years, coinciding with banks tightening their loan conditions in response to regulatory demands. You can read more...

  3. MYOB launches new superannuation selector function

    said the collaboration would be the first of many with MYOB, following the software provider’s investment in the start-up last November. “The combined functionality of MYOB and Flare will help businesses ensure their employees have a seamless experience...

  4. MYOB launches new cloud-based product

    ERP system,” he said. The product is based on the Acumatica cloud solution developed for the US market. Late last year, MYOB announced it had taken a minority stake in Acumatica and taken a seat on the company’s board. Amazon Web Services has been...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  5. MYOB hits client milestones

    using MYOB SME solutions, with more than 500,000 regular paying clients. This record figure was achieved in December last year, the firm said. MYOB has also reached a record figure for cloud subscribers, with 116,000 of the 500,000 regular paying...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
  6. MYOB head calls on accountants to lobby govt

    have been some great policies that the government have put out there to support small businesses. As I look through the last two budget cycles, small businesses have been front and centre, so in that front you would think the government would be doing...

  7. MYOB glitch sees 220 payment summaries sent in error

    individuals ahead of tax time 2019. Accountants Daily understands MYOB became aware of a glitch on AccountRight Live late last week, with an investigation revealing that 220 individual payment summaries were sent to the wrong individuals between 1 June...

  8. MYOB finds shift away from accountants this tax time

    their own year-end tax preparation, with 41 per cent of SMEs planning to complete their tax themselves, up 36 per cent from last year. Speaking to Accountants Daily, MYOB’s chief strategy officer, John Moss, said that this increase in SMEs taking their...

  9. MYOB finds Amazon arrival motivating SMEs

    Of the more than 1,000 Australian SMEs surveyed, 76 per cent invested in technology as a means to innovate over the last 12 months, and 78 per cent believe that advancements in technology will impact their business in the next decade. “There is no doubt...

  10. MYOB draws battle lines with Xero as results released

    figures for 2018 have given MYOB confidence in “grabbing market leadership”, according to its chief financial officer. Last week, Xero saw its net loss for the six months ended 30 September 2018 widen to $NZ28.6 million, up from $NZ19.6 million from the...

  11. MYOB directors set to back takeover bid

    vote in favour of a takeover from a private equity giant, subject to certain conditions, and following a revised offer last week. The MYOB board has agreed to recommend a “scheme of arrangement” to shareholders with US private equity giant KKR at $3.40...

  12. MYOB developing its own client portal

    to AccountantsDaily, Adam Ferguson, MYOB’s general manager, accountants division said Deloitte Private Connect, launched last week, is an innovative offering from the big four firm that will help redefine an evolving accounting industry. “I think it...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  13. MYOB data reveals change in SME sentiment, patterns

    biannual Business Monitor survey of over 1000 SMEs today. In reviewing the results of the Business Monitor survey from the last seven years, MYOB has discovered that Australian businesses are becoming more resilient and flexible in a changing economic...

  14. MYOB CEO Tim Reed steps down

    online classifieds company Scout24 AG, will succeed Mr Reed as chief executive from 16 September. Mr Reed, who has spent the last 16 years at MYOB, including 12 years as chief executive, will continue to support MYOB’s business strategy in the role of...

  15. MYOB buys into ERP provider

    division said the investment was a natural progression following a successful partnership between the companies over the last year. “Before partnering with Acumatica, we reviewed technology platforms around the world for the ideal solution that would...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  16. MYOB announces trial launch of STP product

    of that is making sure our customers have plenty of time to test out the new technology before the reporting deadlines.” Last month, MYOB chief executive Tim Reed said he was confident of his software being “ready to go” for the bulk of its user base,...

  17. MYOB announces next steps with proposed buyout

    This would enable KKR to progress its proposal of acquiring the remaining shares in the company, resulting in a takeover. Last month, MYOB released a statement confirming that Bain Capital sold the bulk of its shares to KKR, with KKR now holding a 19.9...

  18. MYOB announces massive growth, flags new accountants' portal

    Tim Reed said he was pleased with the result and described the transformation delivered in the MYOB business over the last three years as an outstanding achievement. “I am immensely proud of what has been accomplished in a short period. We continue to...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  19. MYOB adds novated car leasing to Flare Benefits app 

    exempting EVs from fringe benefits tax. The Flare Benefits app, launched in May following MYOB’s purchase of fintech Flare last year, already enables SMEs to deliver staff benefits such as supermarket discounts. MYOB said the app could be tailored to...

  20. MYOB acquires Axsys, Exobiz in mid-market push

    officer Steve Aish said the deal offers testament to the level of quality and innovation tabled by the business over the last 16 years. “We’re very excited to be part of the next phase of growth for MYOB Enterprise,” Mr Aish said. “This highlights the...