MYOB RetailManager v10 Takes Businesses Further

RetailManager v10software comes with new and enhanced functionality to help business owners to streamline their businesses more effectively and effortlessly

Kuala Lumpur, 22 October 2008 - Mind Your Own Business (MYOB) Malaysia, the international provider of business solutions has upgraded its best selling retail manager software that will enable small and medium business (SMB) owners to run their businesses faster and more efficiently.

SMB owners can now look forward to 3 differentiating features that culminate the difference between the latest MYOB RetailManager against its predecessor. These features seek to streamline and simplify the tedious task of store operations while maintaining a user-friendly platform for businesses to remain agile at operational level thus, giving control back to the user.
1. User-Defined Categories
Empowering the user has always been a challenge for most retail software in the market as most of them have pre-defined options making it a hassle for store-owners to identify the right classification of products. MYOB RetailManager v10 changes all of that.

Today’s announcement welcomes a new feature that will give business owners the ability to classify their stocks into departments and up to 3 user-defined categories such as style, colour and size – allowing for convenient stock replenishment and re-ordering. Furthermore, the user can now choose to either work on single items, departments or all items at once within their store.

As sales increases, the latest version of MYOB RetailManager can be configured to send out an alert when stock levels are decreasing or even creating purchase orders automatically for items that have fallen below its minimum quantity.

2. Run Promotions on the Fly
Another key requirement for businesses is to be able to run promotions with ease. MYOB RetailManager v10 allows for seamless promotional activity as the user is only required to set intended promotion start and end dates while MYOB RetailManager will adjust all promotional pricing automatically.

Concurrently, retailers will be able to monitor the progress of a single and/or multiple promotions via the promotion activity reports. With such convenience, employees will now able to concentrate on other business matters such as the growth or expansion of the business.

As a business solution, MYOB RetailManager is able to track the sales and profits achieved within the desired period through sales reports generated according to daily, monthly or by customer. Besides that, these reports can also be specified to provide insight into different parts of the business to demonstrate growth over a certain period of time.

3. Designed for Convenience
Standing firmly on the company’s initial mission, MYOB has assured that v10 is still user friendly and convenient for all to use. Once a purchase has been made, MYOB RetailManager is not only able to customise payment types but to be able to change the orders that they appear in, from discounts, credit notes, gift vouchers, returns, quotes, sales orders and customer special orders.

With the new and enhanced features of MYOB RetailManager v10, users are integrated directly with other MYOB business management and accounting software. Priced at RM 2,699.00, the MYOB RetailManager is available at all leading IT stores and comes with a wizard guide for fast, easy and accurate setup. . This price includes 90 days free Introductory Technical Support.

For more information visit the MYOB web site at www.myob.com

MYOB發佈中小企業方案MYOB Exonet

MYOB Targets Mid-Size Businesses with MYOB Exonet

KUALA LUMPUR, 3 September 2007 - Mind Your Own Business (MYOB) Malaysia, a leading provider of accounting software to Malaysian small and medium sized businesses, has launched a new financial and business management software today, MYOB Exonet.

MYOB Exonet is specially designed for medium to larger sized businesses, providing them with not only the tools to embrace the challenges of new markets but also preparing them to absorb the pressures of growth.

The complete enterprise management solution

At the core of the MYOB Exonet is a powerful accounting, finance and reporting engine which can be configured and customised to meet the exact needs of any growing Malaysian business. MYOB Exonet can even be accessed remotely, making it ideal for branch management, mobile sales, working with an external accountant or managing the business from home or while traveling.

Currently, MYOB will be targeting 3 main industries with the Exonet:
Warehouse and distribution
Manufacturing
Retail and point of sale

These industries have shown tremendous growth in the past few years and would be the ideal markets to spearhead MYOB’s mid-market assault in Malaysia. To date, MYOB Exonet is used by over 2000 businesses worldwide to drive them forward and successfully transition to the next level.

Companies of today recognise the significance of their business infrastructure/ software and systems that can scale when required. Furthermore, many larger businesses have identified the positive correlation between quick response times to the level of success in their organization. In order to cut lead times, it is imperative that the business management application can simplify, standardise, systematise and streamline many of their standard business processes.

“With MYOB Exonet, you want to prepare for the best, not for the worst”, said Paul Jennings, General Manager for MYOB Malaysia. “MYOB Exonet will break down barriers between departments, to open up the flow of critical information and have it all at your fingertips – to know where the business is at right now, not just where it was at the end of last month”, Paul added.

Managing across the business in real time with MYOB Exonet
Getting systems right requires more than a few new software features and some extra buttons to click on a screen. Essentially an effective solution is built around careful analysis of an organization’s business processes and is not something that users can purchase off-the-shelf.

With MYOB Exonet, decision makers will now have that all-important big picture view – along with the ability to drill down to the details when it matters as it provides management visibility across all of the departments of the business, even if it is operating in more than one location and is particularly popular amongst mid-sized businesses with complex cost tracking requirements.

Maximising efficiencies & managing profitability
An efficient business operation requires a tight management of multiple workflows across a bewildering complexity of product lines and suppliers. Ideally, there should always be just the right amount of stock to meet and anticipate customer demand. But reality tends to be a bit messier since customers can change their orders, suppliers might need to be switched, stock might need to be sourced from more than one location or freight and shipping times can vary.

In addition, accurate cost projection and management is essential if a business is to remain profitable and competitive. Equipment hours, inventory depletion, labour hours, materials and subcontractors can all vary to budget, and if there’s no accurate real time recording of these and other costs against jobs in progress, the final bill can end up masking some very serious underlying problems.

MYOB Exonet’s powerful stock control and distribution features provide full visibility and management of each and every stock movement from customer order and stock purchase right through to delivery, transforming the logistics area in a business into a source of customer service excellence. By having direct visibility of costs through every step of the business processes not only helps calculate the profitability of the processes – it is possible now to determine exactly where value is added, and how much.