MYOB Advanced Pricing in Australia: How much does MYOB Advanced cost?

This article outlines MYOB Advanced pricing in Australia. View our Pricing page for more information or get an immediate price estimate by using our MYOB Advanced cost calculator. Otherwise, keep reading…

When it comes to pricing, MYOB Advanced is one of the most competitive ERP solutions for small to medium businesses.

This is because MYOB Advanced is strategically positioned within the cloud ERP market to beat most solutions on cost and to still provide all the functionalities that small and medium businesses need.

Before deep-diving into the MYOB Advanced pricing structure, let’s take a bird’s-eye view on what MYOB Advanced really is.

Introduced in Australia in 2015, MYOB Advanced is MYOB’s Enterprise Resource Planning (ERP) offering for small and medium-sized organisations. The MYOB Advanced platform is based on the award-winning Acumatica software and has been rebranded for commercialisation in Australia.

Since its launch in Australia in 2015, MYOB Advanced has literally gone gangbusters. Why?

Because it provides real value, especially for:

• Growing businesses with more than 10 staff or $2M in annual turnover that has outgrown their current accounting systems and is looking for more functional, integrated software. Most organisations that adopt MYOB Advanced start with basic accounting packages such as AccountRight, Xero, or Quickbooks.
• Organisations wanting to “right-size” their current ERP software. Most “heavyweight” ERP solutions such as SAP or Netsuite are expensive and complex. MYOB Advanced is often chosen as an alternative to heavyweight ERP software because it is easier to use and more cost-effective.
• Growing businesses in need of consolidated inter-company accounting and advanced reporting/forecasting. Some of our most successful customers found MYOB Advanced a perfect fit for their advanced accounting and reporting requirements.

Now that we have a better understanding of what MYOB Advanced is, let’s explore the pricing structure of the software.

As a cloud-based Enterprise Resource Planning system, MYOB Advanced is priced on a per-user, per-month basis. Your monthly fee will depend on the number of users and edition/licence type you choose (more detail on editions is provided below).

Let’s consider the following example:

• Your organisation has 25 employees;
• You subscribe for five users to access the Standard edition of MYOB Advanced (because only five roles/departments will need to log in to MYOB Advanced for Administration, Finance, Manufacturing etc.,);
• Each MYOB Advanced Standard user license costs $104 per month;
• Your 5 users will cost you $520 per month, or $6,240 per year in total.

You might be wondering: “What about software and IT maintenance?” As a cloud ERP solution, MYOB Advanced is hosted in secure data centres which are monitored and maintained for you. This means that there is no need to set up your own hosting environment and maintain it. Your monthly subscription covers cloud hosting, data security, and backups. You also get access to product enhancements, patches and updated versions developed by the innovative team at MYOB.

This investment provides access to MYOB Advanced in the cloud. Other investment considerations include annual maintenance/support and implementation costs. Factors which influence implementation pricing include – functional requirements, internal access to resources, data conversion requirements, development and integration expectations and internal “muscle” to implement MYOB Advanced. Implementations of MYOB Advanced typically start at $20,000 and take 2-3 months in elapsed implementation time.

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MYOB Advanced is available in three editions: Standard, Plus and Enterprise. Standard provides access to essential functionality, and subsequent licence types make more sophisticated features available.

The cost of MYOB Advanced per user, per month, depends on which edition you choose.

The beautiful thing about MYOB Advanced is that you can change editions, or add or remove users as needed, and you only pay for what you use.

You can also limit access to certain information or control what certain users can do within the system depending on their roles and responsibilities within your organisation.

To learn more about the specific functionalities that are included in each edition, here is a complete guide of the MYOB Advanced editions and inclusions.

MYOB Advanced is a great fit for small to medium businesses that have outgrown their existing accounting software or are looking for an alternative to more complex ERP systems such as Netsuite or SAP.

The cost of MYOB Advanced is one of the key reasons this cloud ERP software is so appealing to Australian SMBs.

With a flat per-user, per-month fee, MYOB Advanced gives you robust enterprise functionality with the convenience and reliability of a cloud-based platform that is fully managed and maintained for you.

Want to learn more about MYOB Advanced? Watch the platform in action for FREE or request a consultation here.