Software Comparison of MYOB and SAP in Accounting
HA2042 T2 2012
Assignment 1 - Individual Due: 5pm, Friday, Week 5
Today, Accounting and Reporting are considered as the major functions of core Finance that play an important role inside the organization. This is further, subdivided into functions like Receivables and Payables Management. In order to speed up these processes and functions, one needs entrenched interior controls and computerized processes that can help in speeding and thereby finishing up the unresolved accounting tasks. Also, this will help achieve the goal of vigorous workflow as well as all-inclusive control over the financial closing cycle. It not only saves time but also saves costs. This will further help achieve highest confidence in the financial reporting as well as in regulatory acquiescence.
Today, there are many computerized solutions available in the market, viz. Microsoft, ORACLE, Epicor®, SAP and MYOB. All of these provide solutions for all types of enterprise organizations. They have electronic accounting system which handles all the issues and tasks relevant to the Accounting Management. Out of all these, let us have a comparison of MYOB and SAP which provide their solutions in this respective field of Accounting.
MYOB – AccountingRight Premier
Features:-
The solution provided by MYOB is MYOB AccountingRight Premier which was formerly known as MYOB Premier. It is providing its solutions to several organizations as it is considered as one of the best and smart choice for businesses. The core competency of this solution lies in the powerful features of accounting software that it provides. Processes and functions like invoicing, inventory and time billing all can be carried out very efficiently and effectively. In addition to this, it also provided multi – user access as well as can be used across any nation as it supports multi – currency feature.
Another important distinguishing feature of this solution is that, it provided
Assignment 1 - Individual Due: 5pm, Friday, Week 5
Today, Accounting and Reporting are considered as the major functions of core Finance that play an important role inside the organization. This is further, subdivided into functions like Receivables and Payables Management. In order to speed up these processes and functions, one needs entrenched interior controls and computerized processes that can help in speeding and thereby finishing up the unresolved accounting tasks. Also, this will help achieve the goal of vigorous workflow as well as all-inclusive control over the financial closing cycle. It not only saves time but also saves costs. This will further help achieve highest confidence in the financial reporting as well as in regulatory acquiescence.
Today, there are many computerized solutions available in the market, viz. Microsoft, ORACLE, Epicor®, SAP and MYOB. All of these provide solutions for all types of enterprise organizations. They have electronic accounting system which handles all the issues and tasks relevant to the Accounting Management. Out of all these, let us have a comparison of MYOB and SAP which provide their solutions in this respective field of Accounting.
MYOB – AccountingRight Premier
Features:-
The solution provided by MYOB is MYOB AccountingRight Premier which was formerly known as MYOB Premier. It is providing its solutions to several organizations as it is considered as one of the best and smart choice for businesses. The core competency of this solution lies in the powerful features of accounting software that it provides. Processes and functions like invoicing, inventory and time billing all can be carried out very efficiently and effectively. In addition to this, it also provided multi – user access as well as can be used across any nation as it supports multi – currency feature.
Another important distinguishing feature of this solution is that, it provided