Ecosystem of financial business tools now available to businesses
MYOB today announced it will provide Australian disability service providers with a range of business tools which give them better control, visibility and access to their finances as they transition to the National Disability Insurance Scheme (NDIS).
Between 2014 and 2015, over a quarter (28 percent) of funding allocated to disability service providers was unspent. MYOB’s new initiative aims has been created to ensure that providers are fully utilising and accurately tracking the use of the funding they receive.
“The NDIS changes how disability service providers are funded. Under the new model, it will be important for these organisations to provide complete transparency. Our new initiative will provide disability service providers with the best business solutions to transition to the NDIS,” says Tim Reed, CEO MYOB.
“We’re providing a complete ecosystem of the best support for organisations. This includes access to MYOB AccountRight, a range of partnering software solutions that extend MYOB to meet specific needs, and dedicated expert Certified Consultants around the country to assist businesses with advice, training and support to set themselves up for the changes,” says Mr. Reed.
Former Australian Government Minister for Small Business and chair of the Federal parliament’s NDIS oversight committee, Bruce Billson supports MYOB’s initiative for disability service organisations.
“The NDIS is one of the great social policy initiatives of our generation and will be transformational for the hundreds of thousands of people living with disability to full achieve their potential and optimise their quality of life and opportunities.
“MYOB and its partners are to be congratulated for developing new tools, systems and solutions for disability service providers. This will help them manage new ways of delivering support under the NDIS to help providers delight the 460,000 participants expected to benefit from the full NDIS roll-out”, Mr Billson said.
MYOB’s current recommended range of partnering software solutions include;
· Calxa, a certified MYOB add-on partner providing budgeting and cashflow forecasting solutions.
Calxa CEO, Mick Devine, says “This collaboration with MYOB and easyEmployer is helping many disability service providers extend their accounting processes to better understand their unit costs, management reporting and cash flow forecasting. Calxa’s most recent release enables the bulk upload of MYOB invoices directly to the NDIA portal.”
· easyEMPLOYER; a specialist workforce management solution for the aged and disability care sector. It assists to manage rosters, timesheets and payroll cutting up to 90 percent of time spent.
easyEMPLOYER CEO Michael Hazilias says: “easyEMPLOYER is excited to be a part of this joint initiative with MYOB and Calxa. Working as a collaborative group will bring substantial benefits to the complicated care sector space, which ideally requires best of breed solutions, that have power and depth in their own right, working together to deliver integrated enterprise-level functionality at an affordable price.
MYOB Partner, RSM, is also the chosen partner of National Disability Insurance Agency (NDIA) to assist organisations who are looking to transition to NDIS with support, training, and education services.
Andrew Sykes, Partner at RSM says: “We work with many disability service providers and have the tools and experience to assist organisations to successfully transition the rapidly changing disability sector. We’re confident that this ecosystem of solutions that MYOB is providing is a significant benefit and value for the disability service provider community.”
Commenting on the partnership, Tim Reed says: “This year marks 25 years that MYOB has helped businesses succeed. By bringing together our online solutions, with the support of our valued Partners such as RSM, we are committed to making a difference in the business processes of service providers across the country, and ensuring a seamless transition to the NDIS,” says Mr. Reed.
For more information, please visit the MYOB, NDIS page here.
For further comment or other information please contact:
Saba Chowdhury, MYOB PR Manager
M: 429 605 963/ E: email@example.com
About MYOB Australia (@MYOB)
MYOB Group Limited ABN 61 153 094 958
Registered office: Level 3, 235 Springvale Road, Glen Waverley, VIC 3150
MYOB (ASX: MYO) is a leading cloud based business management solutions provider. It makes business life easier for approximately 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory and more. MYOB provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and in 2015 was awarded the BRW award for the most innovative large company for 500+ employees and placed 2nd in BRW’s Most Innovative Companies Award list across all categories nationally. For more information, visit myob.com.au or follow @MYOB on Twitter