News

Leading business management platform, MYOB, has extended its six-year relationship with Netball New Zealand (NNZ), announcing a new partnership deal with ongoing support spanning a range of territories in the elite game.

Despite a range of ongoing economic challenges hammering local businesses, new insights show that New Zealand’s mid-market enterprises continue to demonstrate resilience, with many reporting strong performances and profitability over the past 12 months.

Despite the end of COVID-19 restrictions, rising costs and cost-conscious consumers are leading to cautious revenue predictions and low confidence levels amongst the nation’s SMEs, as New Zealand heads into the important festive trading period.

With the steep rise in inflation seeing many New Zealanders forced to tighten their belts, traditional Kiwi celebrations may be more restrained this festive season, a new nationwide consumer survey shows.

If local small-to-medium enterprises (SMEs) with low levels of digitisation took action to digitise just one or two business activities, benefits from these changes could provide a significant return to the New Zealand economy, according to new figures from MYOB.

Majority of local manufacturers polled predicting revenue increases for year ahead
More than half surveyed seeing increased work in pipeline for upcoming quarter
Nearly two thirds have invested in innovation over the past 12 months

Following research revealing that more than a quarter of New Zealand’s small and medium sized enterprises (SMEs) are relying on four-to-five digital tools to manage their business, MYOB is raising the stakes with the launch of a new all-in-one SaaS business management platform – MYOB Business.

Business management platform MYOB has unveiled the winners of its anticipated Partner Awards for 2022, celebrating those who have supported businesses of all sizes to thrive and succeed, together.

More than nine-in-10 SMEs plan to vote in the upcoming local elections
40% believe their local council is connected to or understands business
However, 1-in-3 SMEs believe local council support for small business is worse than it was three years ago
Majority of SMEs polled disagree with Three Waters reforms

Despite most businesses increasing wages over the past 12 months, new research reveals that around a third (32%) of SMEs are struggling to fill vacancies, as the impacts of a tight labour market and high inflation send business confidence to near-record lows.