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MYOB launches cloud accounting solution

MYOB launches cloud accounting solution

AccountRight Live is described by the company as a New Zealand first in cloud accounting

MYOB has announced the release of its cloud accounting solution, AccountRight Live, a full-featured accounting solution in the cloud that enables SMEs to manage their business from anywhere, at anytime.

MYOB has also established live 24/7 client support by phone, email and online, supported by new roles in its Christchurch office.

MYOB general manager Julian Smith says the design of the new product reflects MYOB’s commitment to making it easier to get more Kiwi businesses enjoying the benefits of cloud computing.

“AccountRight Live will help transform the way New Zealand businesses work,” says Smith. “The advantages of the cloud can help them work more productively, collaborate more, and work from anywhere.”

“For the thousands of business owners who use and trust our AccountRight desktop software range, this new product allows them to easily experience the benefits of cloud at their own pace. They don’t need to migrate data to a new system or learn a new interface; they simply install our latest release and turn the live features on," he adds. “It’s the next evolution in online accounting that will make business life easier for New Zealanders."

“Another key benefit of cloud accounting is the potential for collaboration. With AccountRight Live you can work on your data with your accountant, bookkeeper, business advisor and other team members in different locations, at the same time," says the GM.

AccountRight Live also enables businesses to directly link their bank accounts, providing bank feeds from more than 100 leading banks and financial institutions. This allows transactions to be automatically and securely imported, reducing manual data entry and improving accuracy.

Smith says security is at the core of the product. “AccountRight Live is a great example of industry best practice. Throughout the development process, we’ve included security specialists in the design and construction of our architecture and testing,” he says.

The product was also externally validated by a specialist, third-party security vendor, with a full code review performed by a separate A-class vendor and penetration testing of the final system done by another third-party.

“In creating this product, we’ve worked hard to remove the barriers of time, complexity and cost that Kiwi businesses say are holding them back from the cloud, so they can connect more, collaborate more, become more productive and have more time to work on their business.”

AccountRight Live is available on the MYOB website and via MYOB partners from today, with subscriptions starting at $23 per month. MYOB businessSUPPORT members receive access at no extra cost. Clients who purchased an AccountRight desktop license from October 1 will have six months free access. All AccountRight Live clients receive 24/7 live support.


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