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

MYOB Exo is an on-premise Enterprise Resource Planning (ERP) solution built for growing small to mid-sized businesses that have outgrown basic accounting software.

Known for its customisability and control, MYOB Exo enables organisations to manage finance, inventory, payroll, and reporting across multiple entities and locations.

While once a popular choice across Australia and New Zealand, MYOB Exo is now facing obsolescence, with many businesses seeking modern, cloud-based ERP alternatives. If you're running MYOB Exo today - or considering your next move - this page outlines its core features, ideal fit, limitations, and how to plan your ERP roadmap with confidence.

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Key features of MYOB Exo

  • General ledger, accounts receivable/payable, and multi-entity financials
  • Inventory and stock control across multiple warehouses
  • Sales, purchasing, and CRM modules
  • Payroll and employee management (via MYOB Exo Employer Services)
  • Customisable reporting and dashboards
  • On-premise deployment with local control
  • Integrations with add-on tools and APIs
  • Ability to configure workflows and user roles

Who is MYOB Exo best suited for?

MYOB Exo has historically been a fit for:

  • SMEs with moderate complexity needing more than MYOB AccountRight or Xero
  • Businesses requiring on-premise deployment and custom setups
  • Companies with in-house IT capabilities to support and maintain the system
  • Organisations in distribution, light manufacturing, or professional services
  • Businesses not yet ready for a full SaaS ERP solution

Strengths and challenges of MYOB Exo

Where MYOB Exo delivers value:

  • Greater control and customisation than basic accounting software
  • Solid core finance, inventory, and payroll capabilities
  • Modular structure for phased deployments
  • Strong partner ecosystem across Australia and New Zealand

Where it may fall short:

  • Legacy platform with limited cloud capabilities
  • Requires local infrastructure and ongoing maintenance
  • User interface and reporting tools are dated compared to modern ERPs
  • Integration with newer systems can be limited or manual
  • MYOB is shifting its strategic focus toward other cloud platforms

Alternatives to MYOB Exo

Many organisations are moving away from Exo toward cloud ERP platforms that offer improved scalability, automation, and integration. These include:

  • NetSuite – for fast-growing businesses needing real-time cloud ERP
  • Microsoft Dynamics 365 Business Central – for mid-sized firms seeking strong finance and operational control
  • SAP Business One – for smaller enterprises needing enterprise-grade features
  • MYOB Advanced (Acumatica) – MYOB’s next-gen cloud ERP for growing businesses
  • Oracle NetSuite or Sage Intacct – for finance-led transformations and SaaS scale

For comparisons across all platforms, explore our ERP for Distribution Guide, ERP for Manufacturing Guide, or ERP for Professional Services Guide.

Planning your MYOB Exo ERP transition

Whether you’re currently using MYOB Exo or evaluating next steps, SMC can support your decision-making with clarity and confidence.

Expert insights from SMC

At Solution Minds Consulting, we’ve worked with many organisations navigating the transition from MYOB Exo to modern ERP systems. The most common triggers? Poor reporting, manual workarounds, lack of cloud access, and rising support costs.

We take a strategic, vendor-neutral approach to ERP transformation — helping you assess whether to optimise your current platform or move to a future-ready solution aligned with your business model, growth goals, and operational complexity.