What is MYOB Advanced and is it the right ERP solution for your organisation?

MYOB Advanced is a cloud-based Enterprise Resource Planning (ERP) platform tailored for mid-sized organisations across Australia and New Zealand.

Built on the Acumatica framework, it delivers core financials, inventory, project, and customer management in a flexible, locally supported package.

Positioned as a step up from entry-level accounting tools like MYOB AccountRight or Xero, MYOB Advanced offers growing businesses a path to centralise operations, improve visibility, and support digital transformation – without the overhead of large enterprise systems.

This page outlines what MYOB Advanced offers, who it suits best, and how to assess whether it aligns with your ERP goals.

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Key features of MYOB Advanced ERP

  • Core financial management with multi-entity and multi-currency support
  • Inventory and warehouse management with demand forecasting
  • Project accounting for service-based and time-billed businesses
  • Order processing, purchasing, and supply chain automation
  • CRM and sales tracking with customer visibility
  • Built-in business intelligence, dashboards, and reporting
  • Payroll and workforce management integrations
  • Hosted locally with MYOB’s ANZ compliance and support

Which organisations is MYOB Advanced best suited for?

MYOB Advanced is typically a strong fit for:

  • Mid-sized organisations outgrowing basic accounting software
  • Distributors, manufacturers, or service businesses needing operational control
  • Teams looking for cloud-based ERP with local support and compliance
  • Businesses replacing legacy on-premise systems to support growth and integration
  • Sectors including distribution, professional services, manufacturing, and construction

Pros and cons of MYOB Advanced

Where MYOB Advanced delivers value:

  • Cloud-based, scalable platform built on proven ERP infrastructure
  • Local hosting, tax compliance, and support for ANZ businesses
  • Modular design enables phased rollout and tailored scope
  • Cost-effective compared to global ERP platforms
  • Strong partner ecosystem for implementation and support

Where it may fall short:

  • May require customisation or third-party tools for advanced WMS, CRM, or planning
  • Not ideal for global, multi-country businesses or highly complex supply chains
  • Some modules have less depth compared to niche best-of-breed solutions
  • Reporting may need refinement to meet specific industry KPIs

Alternatives to MYOB Advanced

Depending on your size, industry, and complexity, other ERP options to consider include:

  • NetSuite – for fast-growing mid-market businesses with strong global functionality
  • Microsoft Dynamics 365 Business Central – ideal for finance-led teams and local deployments
  • SAP Business One – for SMEs with global growth plans
  • Infor CloudSuite – strong industry-specific solutions for manufacturing and distribution
  • Odoo – modular, open-source ERP with flexibility and broad coverage

Compare these in our Cloud ERP Software Solutions Guide.

Planning your MYOB Advanced ERP journey

Whether you’re upgrading from MYOB AccountRight or comparing MYOB Advanced with other ERP platforms, SMC can help you choose the right path with clarity and confidence.

Expert insights from SMC

At Solution Minds Consulting, we’ve supported clients across distribution, manufacturing, professional services, and not-for-profit sectors to assess and implement platforms like MYOB Advanced.

We often recommend MYOB Advanced when businesses want a practical, cloud-based ERP that supports operational visibility, growth, and integration – but don’t need the complexity or cost of a tier-one platform. Our structured, vendor-neutral approach ensures the chosen system supports both immediate process improvement and longer-term transformation.

Learn more about how we support ERP Selection, Implementation Planning, and Digital Strategy.