1st MYOB Advanced Client Awarded at HubConnect 2023
BusinessHub’s first in-person event, HubConnect
We recently held our first in-person event, HubConnect. The day offered attendees opportunities to network, learn from industry experts, and be inspired to achieve more and thrive.
The day saw numerous engaging sessions, presentations, and more. Read on to learn more.
1st MYOB Advanced Client Awarded at HubConnect 2023
BusinessHub’s first in-person event, HubConnect
We recently held our first in-person event, HubConnect. The day offered attendees opportunities to network, learn from industry experts, and be inspired to achieve more and thrive.
The day saw numerous engaging sessions, presentations, and more. Read on to learn more.
Unleashing Growth and Efficiency
In the vibrant setting of Docklands, Victoria, we held our dynamic event, HubConnect. Transcending traditional business gatherings, this event offered our clients numerous engaging sessions, interactive workshops, and captivating presentations, to help inspire them to take their businesses to the next level with the collaborative efforts of BusinessHub and MYOB.
The event welcomed key figures from MYOB’s leadership team, including Enterprise General Manager Kim Clarke who delivered an enlightening presentation on Australia’s current business landscape. Another highlight of the event was the presentation of an award to Codecom, recognising them as Australia’s first MYOB Advanced client, which was implemented by BusinessHub almost a decade ago.
In presenting the award, David Taylor, Director, BusinessHub, expressed his heartfelt gratitude by stating, “Thank you Codecom for being the very first MYOB Advanced client, we thank you for your commitment to the product and for placing your trust in the BusinessHub team”.
Taylor’s words encapsulated the working relationship between Codecom and BusinessHub, which has seen Codecom go from strength to strength.
“Thank you Codecom for being the very first MYOB Advanced client, we thank you for your commitment to the product and for placing your trust in the BusinessHub team.”
Whilst the success of Codecom is a culmination of business acumen, industry knowledge, innovation, digitisation and product strategy, many local manufacturers are losing growth opportunities due to inadequate legacy systems. Beyond ineffective customer management, these systems fail to address a range of manufacturing-specific hurdles that modern enterprise software can solve.
These hurdles span ongoing supply chain disruptions, sourcing delays for raw materials affecting production and customer delivery timelines, and escalated manufacturing input costs due to fuel price volatility.
As Taylor asserts, “Historically, Australian manufacturers have absorbed intermittent cost pressures. However, given the current landscape of frequent change and an onslaught of challenges, this approach is becoming increasingly unsustainable.”
In the current economic climate, hesitations over price increases and the ability to maintain competitiveness is common. This is why the strategic visibility provided by enterprise software must assume paramount importance. Timely insights are essential to comprehensively assessing supply, production costs, and job-by-job profitability.
A Move to the Cloud Rings True for Codecom
Established in 2006, Codecom has grown to be a leading supplier and manufacturer of cutting-edge telecommunications equipment. Based in Melbourne and the Gold Coast, Codecom covers a broad range of telecommunications needs for companies big and small. Their sphere of work includes initial scoping requirements for major commercial installations, creating connectivity solutions and definitive implementation strategies, as well as the ‘hands-on’ installation of structured cabling, fibre optic cabling, plus the back-end supply of equipment and accessories.
Meeting Demands and Expectations
Codecom knows that when you’re delivering the very latest global technology solutions and equipment to your clients, you can’t afford to be anything less than leading edge yourself. As Courtney Purcell, General Manager (Commercial) for Codecom points out, “We deliver industry-leading communications solutions, and build our reputation on quality, innovation and professionalism, so we have to ensure every aspect of our own business is equal to what we give our clients.”
As growth continued, Codecom realised that running two platforms — MYOB AccountRight for accounting and Excel for logistics, invoices, quotes etc — was putting a strain on the business.
As Purcell notes, “The way we were working had become inefficient, with many functions being manual and time consuming, and this in turn impacted on managing stock, purchase orders, invoices, not to mention a lack of visibility across all functions of our business.”
Codecom knows that when you’re delivering the very latest global technology solutions and equipment to your clients, you can’t afford to be anything less than leading edge yourself. As Courtney Purcell, General Manager (Commercial) for Codecom points out, “We deliver industry-leading communications solutions, and build our reputation on quality, innovation and professionalism, so we have to ensure every aspect of our own business is equal to what we give our clients.”
As growth continued, Codecom realised that running two platforms — MYOB AccountRight for accounting and Excel for logistics, invoices, quotes etc — was putting a strain on the business. As Purcell notes, “The way we were working had become inefficient, with many functions being manual and time consuming, and this in turn impacted on managing stock, purchase orders, invoices, not to mention a lack of visibility across all functions of our business.”
Futureproofing Calls for Cloud-based ERP Solution
Given that the cost of purchasing and implementing a completely new business management system is significant, the team at Codecom carefully evaluated their options. After dismissing several products, they contacted David Taylor at BusinessHub and after much consideration Codecom settled on MYOB Advanced. Purcell explains, “The functionality of MYOB Advanced met our many needs including customer special pricing, advanced stock management, a customer portal as well as CRM,” and beyond these features, Purcell adds “We definitely wanted the system to be cloud-based.”
A detailed scope and understanding of Codecom’s business was initiated. This ‘business diagnostic’ mapped Codecom’s current business processes and helped determine where they wanted to be in the future. Existing data was reviewed, and migration and configuration options were suggested, with requirements around customer special pricing & inventory (orders and codes to use) a major priority.
The team at Codecom then went through the MYOB Advanced beta program, followed by a pilot program which gave them the opportunity to understand the operation of the software. Finally, once the migration of all the excel information including customer price deals, stock sheets and purchase order details etc was locked in, the BusinessHub team completed functional training prior to the ‘go live’ as well as providing the post ‘go live’ support to assist with the basic processing.
Solution: Connecting With Future Success
Codecom’s move up to MYOB Advanced has been an unqualified success says Purcell, “Running every aspect of our business is 100% easier, particularly as we’ve really streamlined our processes and improved the accuracy of inventory and our customer pricing,” and she adds, “now that we’re cloud-based all aspects of our business are accessible everywhere, to the staff that need it.”
With MYOB Advanced, Codecom now has many valuable insights into their business that were previously unknown. Things like customer buying patterns and back-order visibility and fulfilments, which enable them to make more informed and agile business decisions.
With their ERP software now in the cloud, Codecom’s business has been transformed, with all team members having access to accurate information at their fingertips, anywhere, anytime.
This is vital to the decentralised workforce around AU and NZ and ensures accurate landed costing, accurate invoicing for quoted prices by sales reps, and accurate inventory to meet customer demands.
“Running every aspect of our business is 100% easier, particularly as we’ve really streamlined our processes and improved the accuracy of inventory and our customer pricing.”
From a financial perspective, another positive for Codecom has been the significant changes to the invoice structure that has driven a decrease in days to pay and increased overall cash flow, which is always good for the bottom line.
“Now that we’re cloud-based all aspects of our business are accessible everywhere, to the staff that need it.”
Before:
Running two platforms across the business was becoming increasingly inefficient.
Many functions were manual and time consuming.
Limited visibility across the operations meant less informed business decisions.
After:
Cloud system provides team with accurate information, available anywhere, anytime.
Business processes at every level are now streamlined with big gains in efficiency.
Precise insights into inventory ensure accurate quoting and more satisfied customers
New invoice structure has delivered a decrease in days to pay and improved cash flow
Introducing MYOB Advanced for Manufacturers
What can be learned from Codcom’s experience is that staying ahead requires a comprehensive and future-ready approach to business management. For ambitious manufacturers and wholesale distributors seeking streamlined operations and sustained growth, MYOB Advanced has emerged as a vital asset.
MYOB Advanced Manufacturing integrates manufacturing, inventory management and accounting to help businesses ensure raw materials are available to production, efficiently manage the manufacturing process, maintain revisions, and track the financials. Seamlessly integrated, it offers an end-to-end business management solution that empowers you to efficiently streamline business processes, generate accurate pricing, and calculate your total manufacturing costs.
Empowering Manufacturers for the Future
Built to harness the advantages of cloud technology, MYOB Advanced offers a sophisticated and future-proof ERP solution. Designed with a forward-looking approach, this solution ensures that your manufacturing operations remain agile and competitive. Here’s a glimpse into the core features that set MYOB Advanced apart:
- Comprehensive Financial Control: MYOB Advanced encompasses a robust suite of features, including financial management, GST handling, and more, to empower you with complete control over your business’s financial aspects.
- Complete Management: Gain control over lead, supplier, distribution, and stock management across various departments and locations, fostering seamless collaboration.
- Enhanced Automation: The ability to use mobile devices to capture and access data, drive real time insights and quicker movement from the production floor.
- Diverse Functionalities: Explore a range of functionalities including CRM integration, fixed asset management, project-based accounting, multi-company consolidation, and customisable workflows.
The Manufacturer’s Advantage
MYOB Advanced Manufacturing Edition is tailor-made to resonate with manufacturers, offering a cloud ERP solution that addresses your present needs while laying a solid foundation for future growth.
Benefits Delivered:
Manufacturers who adopt MYOB Advanced can expect to reap substantial benefits:
- Informed Decision-making: Drill-down capabilities within reports facilitate swift decision-making, enhancing operational responsiveness.
- Increased Efficiency: Streamlined processes result in heightened productivity and resource utilisation.
- Simplified Financial Management: Multi-entity workflows simplify financial oversight, promoting efficient management.
- Plan and Coordinate: Reduce complexities around product management and be able to track designing/assembling activities.
- Data Visibility: Gain enhanced visibility into data, fostering improved corporate financial management.
- Balance Supply and Demand: Respond to demand and market changes while optimising inventory and resources for effective cost control.
- Quality Control: Track quality control measures at every stage of the production process and have complete visibility.
- IT Simplification: Minimise IT complexity and costs, so you can focus on your core operations.
“We could not have achieved this level of growth and efficiency without the streamlined processes and real-time data we now have thanks to MYOB Advanced and BusinessHub.”
Harnessing the Cloud’s Potential:
In addition to these benefits, the cloud-based nature of MYOB Advanced offers distinct advantages:
- Web Accessibility: Access business-critical information anytime, anywhere, enabling better decision-making and flexibility.
- Robust Security: Enterprise-grade security and data backup safeguard your vital information against threats.
- Defence against Cyberattacks: Cloud storage mitigates the risk of server-based attacks.
- Enhanced Monitoring: Remote access facilitates efficient financial and productivity monitoring.
Is MYOB Advanced the Right Fit for You?
When evaluating ERP systems, factors such as features and functionality, cost, support quality, and availability play a pivotal role. For manufacturers, MYOB Advanced emerges as a compelling choice for those in discrete manufacturing and batch processing, by streamlining supply chain management processes to production and order management. Its cloud-based architecture reduces reliance on your internal IT resources and offers financial predictability. Furthermore, its robust security measures, data backup, and 24/7 guarded access ensure the safety of your critical data.
In conclusion, MYOB Advanced stands as an indispensable tool for Australian manufacturers seeking a scalable, efficient, and future-ready business management solution. By harnessing cloud technology and integrating comprehensive features manufacturers need to succeed, MYOB Advanced empowers users to unlock their full potential and excel in the evolving industry landscape.
Your Partner for Streamlined Success: BusinessHub
At BusinessHub, we are committed to aiding businesses in streamlining their operations and achieving their financial and growth objectives. Our expertise lies in delivering integrated solutions that span from accounting to logistics, ensuring your business is poised for future success. As an esteemed MYOB Platinum Partner and a three-time Customer Experience Award recipient, we have a proven track record of excellence.
Unparalleled Industry Involvement:
BusinessHub proudly aligns itself with AMTIL as an active member who participates in AMTIL led initiatives and events such as Australian Manufacturing Week held in Melbourne and Sydney. This commitment reflects our dedication to staying at the forefront of industry advancements and trends in the manufacturing sector.
Pioneers in MYOB Advanced:
We stand as pioneers in driving the rapid expansion of MYOB Advanced. With the distinction of delivering the very first MYOB Advanced solution across Australia and New Zealand, we possess a high level of expertise in guiding businesses through this innovative transformation.
Leading by Example:
At BusinessHub, we don’t merely offer, implement, and support MYOB Advanced – we also leverage it internally to streamline our own operations. By incorporating this solution into our processes, we ensure that we continue to grow and excel, enabling us to better serve our clients and drive their success.
Ready to Transform Your Business with MYOB Advanced?
If you’re ready to unlock the full potential of your business and experience the transformative power of MYOB Advanced, take the next step by connecting with our dedicated BusinessHub team. Our no-cost, no-obligation consultations are designed to show you how transitioning to the cloud with MYOB Advanced can bring about remarkable improvements for your business.
Embark on this transformative journey today. You can view our interactive demo right now or schedule a no obligation discovery session right now. Otherwise you can give us a call on 1300 733 071 to start the conversation.
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