Tuesday, 28 October 2014 15:50

NetSuite claims MYOB defectors


Cloud ERP and commerce provider NetSuite claims it is attracting a growing number of companies that were previously MYOB users.

MYOB seems to have a lot of (at least reasonably) happy users at the small end of town, along with a large group of bookkeeper and accountant partners.

The company's traditional users have been aggressively targeted by all-cloud accounting provider Xero, and now cloud ERP provider NetSuite is also taking aim at MYOB customers.

According to NetSuite officials, an increasing number of companies are growing to a size or complexity where NetSuite's combined financials, ERP and omnichannel commerce facilities are more appropriate.

"MYOB and other business accounting software can make sense for a small company just starting out, but it can't keep up as the company grows and adds new users, products, customers, markets and revenue streams," said NetSuite's managing director for Asia Pacific and Japan Mark Troselj.

"We've seen time and again how MYOB defectors in numerous industries have thrived in the cloud after coming to the realisation that they didn’t have the right solution to enable their next stage of development."

Examples cited by NetSuite include Mayne Publications, which was able to replace MYOB, Salesforce.com and CRM Australia with a single integrated NetSuite system, saving 250 person-hours a year. Software maintenance costs were reduced by 30%.

"Our NetSuite system is working very, very well," said Mayne CFO Jeewan Gnawali.

"Having all of our information in a single solution lets us focus on growing the business rather than managing day-to-day transactions in multiple systems."

While NetSuite is aimed at medium and large businesses, JCurve offers a small business system based on NetSuite.

Image: UK Department for Business Innovation and Skills [CC BY-ND 2.0] via Flickr

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Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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