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MYOB at the forefront of fashion

7 June 2005 -

MYOB at the forefront of fashion

Leading business solution provider MYOB has once again proven it is able to strut its stuff with the very best designers, through this season's launch of the very latest in flexible retail management solutions – an advanced software system capable of following even the most up-to-date trends and fashions.

This feature upgrade of MYOB RetailManager is a significant breakthrough for the retail sector, according to MYOB Retail Business manager Ric Horsfall.

"Our latest MYOB RetailManager release incorporates a comprehensive point-of-sale package with a smart inventory management system, capable of providing critical information when it is needed most."

"MYOB RetailManager streamlines all sales and stock operations enabling up-to-date efficient and effective monitoring of all aspects of the product mix such as style, colour or size, in any retail market."

Mr Horsfall says that while this MYOB RetailManager update is expected to be hugely popular with fashion outlets this package is also ideal for sporting goods, stationary, paint and homeware supply retailers, and just about any other retail outlet.

The fashion sector is the largest in New Zealand, making up over 20% of the total retail industry. Ric Horsfall says the development of MYOB RetailManager is in direct response to customer requests, followed by extensive market research.

"The MYOB RetailManager package is designed to make a broad range of information readily accessible", Ric Horsfall says.

"We have spent two years developing and modifying this product in order to meet the evolving demands of the modern retail industry. RetailManager is a user-friendly, full-value product that also incorporates MYOB's consistent support and integrated product development capabilities."

MYOB currently provides software solutions to over 50% of businesses that utilise software systems and is a leading global provider of software - investing over 13 million dollars annually in development and research.

The updated MYOB RetailManager is the latest extension of the MYOB portfolio. "With the advanced point-of-sale solution MYOB RetailManager, our two newest retail solutions, MYOB RetailBasics and RetailReady, the multi-store MYOB RetailEnterprise, our recently released solution for the local hospitality industry, MYOB RetailHospitality, and MYOB's accounting and payroll products, we now supply everything New Zealand retailers need to make their businesses more effective."

MYOB RetailManager will be available through MYOB's Approved Partner network at the recommended retail price of $1773.33 including GST. An upgrade CD will be automatically sent to all MYOB businesSUPPORT customers.

-end-

About MYOB

MYOB is a global provider of solutions that liberate business owners and accountants from the burden of day-to-day administration, empowering them to achieve business success. MYOB develops and delivers award-winning software, services and support for more than 500,000 businesses and over 10,000 accounting practices worldwide.

Owner-operated businesses are the most dynamic force in the world economy and yet they are universally challenged by limited resources. MYOB uses its knowledge, expertise and scale to help them build better businesses.

MYOB also works directly with accounting practices to streamline their processes and maximise their productivity. MYOB solutions are used by leading accounting practices from tax agents and sole practitioners to the 'Big 4' firms.

Through its understanding and partnership with both business owners and accountants, MYOB strives to further enhance the links between them for their mutual benefit.

MYOB Limited is a public company listed on the Australian Stock Exchange (ASX symbol 'MYO').

ENDS


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