MYOB supports NZ manufacturers with industry-specific software

MYOB Advanced Manufacturing Edition, software designed specifically for manufacturers, is available now for New Zealand businesses.

The Manufacturing Edition includes all the standard features of MYOB Advanced – MYOB's premiere cloud-based enterprise resource planning (ERP) software – along with features specifically for manufacturing.

The features include bill of materials, production management, material requirements planning (MRP), product configurator and estimate tools, together enabling manufacturers to efficiently manage their entire business end-to-end using one system.

According to the March MYOB Business Monitor – a survey of over 1,000 SMEs nationwide – 45% of manufacturing operators believed that access to business management software would be beneficial to their business operations^[1] and the release of MYOB’s Advanced Manufacturing Edition is set to provide a new level of assistance to the industry during a key period of economic recovery.

“The MYOB Advanced Manufacturing Edition is rich with features specifically designed for an industry that plays a significant role in New Zealand’s economy,” MYOB General Manager Enterprise, Kim Clarke, says.

“Integrating production and resource management, sales and finance from one central system, this software will help New Zealand manufacturers streamline their business processes, as well as provide them with real-time visibility. This means they’re then able to better generate accurate pricing, calculate and manage manufacturing costs, maintain revisions and track their financials.

“Going beyond standard accounting functionality, it is a way for manufacturing business leaders to efficiently manage their whole organisation with one system and without the need for third-party manufacturing add-ons,” explains Ms. Clarke.

“This enables manufacturing leaders to make insight driven decisions, with real-time accurate data at their fingertips and ensures their business is set up for continual growth.”

The MYOB Business Monitor also revealed that more than a quarter (26%) of New Zealand’s manufacturing operators expect to increase their investment in IT systems & processes, over the next 12 months.

With the manufacturing sector contributing around 11% of the national GDP and providing 9% of New Zealand’s workforce with employment^[2], the performance and success of operators in the industry will be vital for the local economy as the country aims to recover from the wide-ranging impacts of COVID-19.

For more information about the Manufacturing Edition, visit:
https://www.myob.com/nz/enterprise/features/manufacturing

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For more information please contact:

Janelle Ericksen, MYOB, PR Specialist
M: 021 1050 490 / E: janelle.ericksen@myob.com

Gerard Blank, The Agency Communications Limited, Director
P: 03 341 5841 / M: 0275 243 629 / E: gerard@theagencynz.co.nz

About MYOB

MYOB is a leading business platform with a core purpose of helping more businesses in New Zealand and Australia start, survive and succeed. At the heart of MYOB is a customer base of 1.2 million businesses and a network of more than 40,000 accountants, bookkeepers and consultants, for whom MYOB delivers end-to-end business and accounting solutions. MYOB operates across four key segments: Small and Medium Enterprises (SME), Enterprise, Financial Services and Practice. For more information visit myob.com or follow @MYOB on Twitter.

About the MYOB Business Monitor

The MYOB Business Monitor is a national survey of 1,000+ New Zealand small and medium business owners and managers, from sole traders to mid-sized companies, representing the major industry sectors. It has run since 2009, commissioned to independent market research firm Colmar Brunton. This most recent survey ran in March 2020. The Monitor researches business performance and attitudes in areas such as profitability, cash flow, pipeline, technology usage and the government. The weighting of respondents by both geographical location and sector is based on overall market proportions as established by Statistics New Zealand and is drawn from an independent survey group, which includes both MYOB clients and non-clients.

¹ The MYOB Business Monitor surveyed 1,000 SME operators from across the country and was conducted from the end of February to 24^th March 2020.

² https://www.mbie.govt.nz/assets/manufacturing-factsheet.pdf