Access Financials vs. MYOB Advanced
We at the Access Group are here to help. Over 75,000 organisations worldwide rely on our business management software to drive productivity, so we know a thing or two about the financial management solutions on the market.
In this article, we compare two of the best financial competitors – MYOB Advanced and our leading financial management and accounting solution, Access Financials – on benefits, features, price and more. By the end of it, you will have a good understanding of the key differences between the two and which one best meets the requirements of your business.
6 mins
Written by The Access Group
What is MYOB Advanced?
MYOB Advanced is a cloud-based enterprise resource planning (ERP) system that simplifies the management of financials, customers, projects and reporting. It is designed for medium to large-sized organisations in a range of industries, with specific capabilities targeting construction, distribution, manufacturing, not-for-profit, professional services, field services and wholesale.
By combining all your critical functions in one integrated platform, MYOB Advanced gives you complete real-time visibility and control of your business. It is developed and supported in Australia and New Zealand, offering module-specific features for finance and accounting, inventory management, project accounting, customer management, and staff productivity.
What is Access Financials?
Built by finance experts for finance experts, Access Financials is a powerful, cloud-based accounting and financial management solution designed to help medium-sized businesses save time, simplify processes and grow. A leading MYOB Advanced competitor, Access Financials eliminates duplication, enhances financial controls and provides the financial reporting you need to make better business decisions.
Access Financials is trusted by over 4,000 leading organisations worldwide and offers features tailored to a range of industries, including not-for-profit and charity, professional services, health and social care, manufacturing and wholesale, recruitment and project accounting.
Our MYOB Advanced alternative solution combines all the advanced accounting and financial management tools you need in one unified system, offering features for core accounting, project accounting, purchase order management, asset management, invoicing and inventory management.
Access Financials is built to help your business grow. Its modular design means you can assemble your own system, tailored to your needs. You can add features as your business evolves, so you never have to switch finance platforms again.
MYOB Advanced and Access Financials: What to compare
It is worth mentioning that both MYOB Advanced and Access Financials offer impressive features that can help your business simplify finance and accounting. However, there are differences. In our Access Financials and MYOB Advanced comparison, we hone in on what separates the solutions across three critical elements – key features, implementation and support and pricing.
MYOB Advanced
MYOB Advanced is a customisable cloud ERP that offers tools for financial management, project accounting, customer relationship management, comprehensive reporting and inventory management. It helps you gain a 360-degree view of your business, automate processes and increase productivity.
MYOB Advanced centralises all your key business functions, giving you access to accurate data and real-time reporting in one location. It helps automate manual processes and offers seamless integration with popular platforms like Salesforce, HubSpot and DocuSign.
Learn more about MYOB Advanced key features in the table below.
Access Financials
Access Financials is a leading MYOB Advanced competitor, and a growth platform that combines advanced accounting and financial management tools in one powerful system. The solution takes the headache out of complex processes, enabling you to integrate your applications, automate tasks and gain a true single view of your organisation.
With Access Financials, you can effortlessly manage multi-entities and currencies, streamlining your operations for efficiency. It empowers your finance team with user-friendly tools, self-service apps and real-time financial reporting.
The flexible modular design of Access Financials means you can tailor the solution to your organisation’s needs, with features covering accounting, fixed assets, stock control, sales processing, purchasing and financial reporting.
Discover the key features of our MYOB Advanced alternative, Access Financials in the table below or visit our dedicated product page for more.
MYOB Advanced vs Access Financials: Implementation and Support
MYOB Advanced
The unique requirements of your business can influence the time and cost of a MYOB Advanced implementation. Generally, implementation costs start at $15,000, and it can take anywhere from 2 to 6 months to have MYOB Advanced up and running.
With respect to technical support, MYOB Advanced provides customers with access to an online forum where questions can be answered by peers and experts. More comprehensive support can be sought through an accredited MYOB Advanced partner.
Access Financials
You can expect a seamless Access Financials implementation with our FlightPaths service. Our expert software specialists collaborate with you to set expectations and devise an implementation journey with key milestones based on our proven FlightPaths implementation methodology.
With FlightPaths, you remain in full control of your implementation while enjoying dedicated support from our specialists. No matter your organisation’s structure or where your employees are working, this remote-first service provides the assistance you need to start using Access Financials as soon as possible.
To find out more about the implementation process for one of the leading MYOB Advanced competitors, Access Financials, you can explore these articles:
Once your Access Financials implementation is complete, you can also expect 24/7/365 technical support via our Customer Success Plans. You can choose from three levels of support – Essential, Standard and Premier – with each providing problem-solving support from our experts, plus access to articles, webinars and an online user community via our Customer Success Portal.
MYOB Advanced v Access Financials: Pricing
MYOB Advanced
MYOB Advanced pricing in Australia differs depending on which of the three versions of MYOB Advanced you are using,
The different MYOB Advanced pricing are as follows:
- Standard – for medium-sized businesses that have outgrown their accounting software, this MYOB Advanced price starts at AUD$104 per user per month.
- Plus – for larger organisations with more complex demands, starting at AU$148 per user per month + AUD$21 per month for limited user licences.
- Enterprise – for large organisations with complex and evolving needs, starting at AU$104 per user per month + AUD$26 monthly for limited user licences.
Access Financials
Access Financials offers a tiered pricing structure tailored to meet the unique needs of different businesses.
Please note that the prices outlined below are applicable to a minimum of 5 users and include Access Workspace Standard Edition and the Essential Customer Success plan. They do not encompass any implementation or training expenses.
- Tier One: Designed for smaller businesses looking to scale beyond their current financial management solution. Starting at just AUD$209 per user per month, this tier provides essential tools to streamline financial operations.
- Tier Two: Tailored for advanced and complex accounting businesses requiring additional functionalities, this tier starts at AUD$330 per user per month. It offers a robust suite of tools to manage intricate financial tasks effectively.
- Tier Three: Ideal for project-based accounting, the pricing for this tier is customised based on your specific business requirements. It ensures that you get precisely what you need to succeed.
At The Access Group, we pride ourselves on transparency. For a comprehensive breakdown of each tier’s features and pricing details, please visit our accounting software pricing and packages page.
Summary
Making the switch to a new finance and accounting system can be a daunting undertaking. Hopefully, our Access Financials and MYOB Advanced reviews have pointed you in the right direction towards choosing which of these financial competitors best fits your organisation.
Exploring the success stories of our proud customers Milner’s Brands and Brown & Co can provide you with valuable insights and perspectives. These firsthand accounts delve into their experience with Access Financials features, functionalities, and overall performance. By reading about their journey and the benefits they've reaped, you'll gain a deeper understanding of how Access Financials can effectively cater to your specific needs.
Of course, this is just the start of your research into all the financial solutions on the market. Make sure that you visit the websites of all the software you are interested in to download brochures, data sheets and set up demos.
A great place to continue your research is on our resources hub, blog and the Access Financials product page. Even if Access Financials does not turn out to be the solution for you, our team would still love to offer assistance to help you understand the full range of solutions available to you. Feel free to contact us today to discuss all your queries, concerns and needs.
