The difference between purchase price and value over time

When selecting software to run your business it's important to look beyond the sticker price and factor in future requirements as your business grows or your customers’ needs change and evolve.

We often come to the rescue of customers who have purchased low-end business software, then as their business grows they fall into the trap of buying add-on software. Common examples include users of MYOB Essentials Online or Xero who attach Job or Project Systems add-ons. The lack of information flow between the business's other divisions – like CRM to Projects, or Projects to Accounts – inhibits the running of the business. Businesses try to counter this by hand punching data into a range of manual spreadsheets, which is a major resource sucker.

The fastest and cheapest way to achieve seamless information flows between all your business areas is to purchase fully-integrated products. Seemingly cheap add-ons don't allow a single data set to flow around the entire business. Wages get burnt up rekeying data that should flow automatically.

Potential inaccuracies from manual rekeying increase business risk. Too much knowledge rests with individual staff, instead of being contained inside business systems.

The investment level required for fully-integrated enterprise products (such as MYOB Exo or MYOB Advanced) is greater compared to the sticker price of low cost add-on software. But every day I see businesses that are throwing out products that looked cheap, but cost the business dearly. It is cheaper and much less frustrating to just purchase fully-integrated products from the start.

More information

Contact us today if you want to talk about fully-integrated business software options for your business.

About the author

Elliot Cooper

Elliot Cooper is Enprise Group's CEO. He is a qualified accountant with deep accounting and financial controller experience.

5 good reasons to choose Enprise

Reason 1: Gold standard service and support. 

Reason 2: Cloud options for every piece of software we sell.

Reason 3: The largest MYOB Advanced and MYOB Exo partner in Australasia, with dedicated sales, implementation & support teams.

Reason 4: A wide range of proven companion products from trusted partners. 

Reason 5: With Enprise, you get MYOB Exo from the people that invented it. 

More Information

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