MYOB Acumatica vs. MYOB Advanced – what’s the difference?
Navigating Cloud Business Management Solutions
MYOB Advanced, a leading cloud ERP system in Australia and New Zealand, recently underwent a significant change. In July 2024, MYOB rebranded MYOB Advanced as MYOB Acumatica. This change reflects an effort to align more closely with the global Acumatica brand, but it's essential to understand what this means for you and your business.
What Is MYOB Acumatica?
MYOB Acumatica is the new name for what was previously known as MYOB Advanced. Despite the name change, the software remains the same robust cloud-based business management platform that organizations have come to rely on. Built on the Acumatica infrastructure, MYOB Acumatica offers the same powerful features and functionalities that users have experienced with MYOB Advanced.
This platform provides comprehensive financial and operational data management, helping to streamline processes, enhance team collaboration, and boost overall efficiency. MYOB Acumatica encompasses several core modules centered around Finance, and when tailored to your organization’s needs, it supports the management of key operational workflows including:
Accounting and Tax
Employees
Finance
Customers
Projects and Supply Chain
Why the Rebrand?
The renaming of MYOB Advanced to MYOB Acumatica signifies a deeper integration with the Acumatica ecosystem. This rebranding aims to provide clarity and reassurance to businesses in Australia and New Zealand, ensuring they are using a globally recognized system tailored to local needs. For businesses expanding into these regions, the rebranding simplifies the process of understanding and adopting the software.
What does the change mean for your business?
With the rebranding, users of MYOB Acumatica gain access to the Acumatica Community, including discussion forums and other resources. These platforms offer valuable support for troubleshooting and learning. Local expertise and insights are also accessible through the #MYOB tag and MYOB boards, bridging the gap between global capabilities and local needs.
Why Choose MYOB Acumatica?
While Acumatica is a leading cloud ERP provider based in the US, MYOB Acumatica is specifically customized for Australian and New Zealand businesses. This localisation ensures that the software meets regional compliance and business requirements more effectively than the global version. MYOB’s close work with local authorities and the Acumatica development team means that MYOB Acumatica integrates seamlessly with local regulations and practices, such as:
Business Activity Statement (BAS) support
Goods and Services Tax (GST) management
Payroll specific to Australian and New Zealand regulations
Adaptation to changes in local legislation
In summary, while MYOB Acumatica and MYOB Advanced are the same in terms of functionality and infrastructure, the rebranding reflects a strategic alignment with global standards while continuing to address local requirements. For businesses in Australia and New Zealand, MYOB Acumatica provides a tailored, compliant, and efficient solution that leverages both global best practices and local expertise.
At Tonic Technologies, our team brings decades of expertise in MYOB Acumatica and various other systems. We’ve successfully implemented solutions and driven transformations across a wide range of industries.
We collaborate closely with you to gain a deep understanding of your business, evaluate your processes, and pinpoint opportunities for meaningful transformation. Our commitment to your success is at the heart of what we do; we strive to be more than just a service provider—we aim to be a true business partner throughout our entire relationship. Contact us today to discover how we can support your business goals.