BUSINESSHUB ERP GUIDE
What is a business management solution?
Thanks to the digitisation of business processes over the past few years, there’s a good chance your business management isn’t as functional as it could, or should, be.
But that’s just the tip of the iceberg – Read on to find out everything you need to know about a Business Management Solution.
Defining a Business Management Solution
A business management solution is a tool that brings together applications for accounting and tax management, customer management, enterprise resource planning, workforce management and project management into one online platform.
It makes your supply chain, employee and project management more efficient; not to mention increasing the compliance and accuracy of your business’ finances.
With everything conveniently in one place online, you’ll get real-time visibility over your entire business, helping you make better, more informed decisions.
Do I need a Business Management Solution?
In a hyper-digital, connected world, it’s been found that 60% of businesses in Australia* believe they have a disconnection problem.
Because of this, businesses are losing, on average, one whole working day per week manually fixing disconnection issues, with 9 in 10 businesses having to duplicate tasks across systems*.
Additionally, 7 in 10 Australian SMEs are making decisions without full visibility of their business*. This lack of informed decision-making can have major impacts on your operations, and importantly, your business’s bottom line.
More than just accounting software, a business management solution houses all business-critical tools and applications online, making it accessible from any device, anywhere.
The benefit of being a cloud-based solution also bolsters your business’s cyber security, protecting you from threats and data breaches. It has been found that on-premise software solutions are three times more likely to be vulnerable to cyber-attack than cloud-based software solutions.
There is a better way to do business. At BusinessHub we help clients bridge the disconnection gap and provide the visibility and confidence needed to make better business choices.
Businesses expect the tools to help, not hinder – and that is where we excel.
60% of businesses believe they have a disconnection problem.
9 in 10 businesses have to duplicate tasks across systems
70% of businesses make decisions without full visibility
* Statistics from “MYOB Disconnection Challenge Report June 2022′.
How to improve your business
We all know that spreadsheets have been used for years to manage the mundane cycle of finances and employee management. Spreadsheets to track employee hours; spreadsheets to track leave entitlements and dates; spreadsheets to manage stock; spreadsheets, spreadsheets, spreadsheets.
But what if there was an easier, less manual way of managing your business?
By housing all of your processes and workflows in a singular dashboard, you can save time and money by automating laborious processes and enhancing oversight on your pipeline.
Streamline your operations
From inventory management to supply chain, GST calculations to project management, the benefit of combined workflows is that you can access every element of your business operations on one dashboard.
This streamlined approach to business management means a more organised operation, but also a more effective and efficient one.
Time and cost efficiencies
A direct result of streamlining anything is increased efficiency.
With a business management solution, you’re able to save time through new efficiencies including having your workflows and employee management processes in one place, accessible from anywhere.
With this new-found time in your workday, you will also save on costs by cleaning up previously ‘wasted’ hours spent on manually handling tedious data and processes, allowing you and your employees more time to spend on business-critical tasks that make you money.
Real-time data access
A common pain point of business digitisation is access to business-critical data. How do you know how much stock you’ve got in your warehouse? How do you know what invoices to your customers are still outstanding? How do you track your cashflow status?
Accessing your business data is crucial to success, and a business management platform that delivers real-time data and tracking capabilities will help you achieve that. Know exactly where every stage of the process is at, track your employee benefits and allowances, and have confidence that the data you’re receiving is accurate and up to date.
In the digitised world of business, disconnection holds businesses back from achieving their full potential. Manual systems and lots of individualised software solutions that don’t talk to each other lead to the digital disconnection that causes financial, strategic and productivity issues.
This also makes it hard to adapt as business needs change.
Being fully integrated with your daily applications, MYOB is more than accounting software. It’s also fully adaptable to your business’s changing needs; whether you’re growing or downsizing and allows a holistic view of the state of play so you can make more informed business decisions.
How does a Business Management Solution work?
Leading business management solutions like MYOB Advanced offer crucial workflows that your business needs, in one place. These workflows help you better manage your customers, supply chain, employees, projects, finances, accounting and tax.
Take care of your pricing, marketing, quoting and invoicing in one simple process.
Catalogue your invoice financing, payments received, expense tracking and coding and receipts, as well as manage your cashflow in one place.
Manage your inventory sales orders and suppliers’ bills while maintaining oversight on each stage of the process.
Get your quotes, time billing, invoicing and job management organised with full oversight and project management capabilities.
Accounting + Tax
Ensure you stay compliant, prepare and lodge BAS and GST, and manage your bank rec statements from anywhere.
Build a better business future
At BusinessHub, we specialise in helping businesses master employee and business management. For medium-sized businesses across all industries, whether you’re experiencing growing pain points, growing fast, or just wanting to work better, we can help you with a business management solution that brings together your workflows all in one place and adapts to changing needs.
Start today. Spend less time on manual processes and more time on what counts – running your business.
Wherever your business is headed, we’re here to support your business today, so you can be ready for what comes next by providing the visibility and confidence you need to make better, more informed decisions.
Start the conversation today. Never look back
MYOB Advanced has given us the ability to see exactly where each part is, what process it is in within our production work centres and how long it will take before it exists and becomes available for our customers. MYOB Advanced future proofs your organisation. It allowed the whole business to open up and gives me data that is up to date.”
“MYOB Advanced tells us what we need to know, when we need to know it. The customer is seeing that too. Everything is now flowing from ordering to back ordering, or purchases ordered in. The transparency is so much better – we can deliver better customer service. It makes our jobs easier, and theirs as well”.