Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


MYOB strengthens connected accounting with Dovetail purchase

27 May 2014

MYOB strengthens connected accounting vision with Dovetail purchase

Dovetail to enhance MYOB client portal & document management offering

New Zealand’s leading business solutions provider MYOB has announced the purchase of Dovetail, an innovative start-up that provides online document collaboration solutions for accountants.

The deal is a key move to strengthen MYOB’s connected accounting vision by making cloud accounting easier for accountants and their clients.

General Manager Accountants Division Adam Ferguson says the acquisition will deliver tremendous value to both accountants and their clients, “MYOB’s focus has been on bringing accountants and clients closer together with the vision of the common ledger, which enables real-time collaboration on financial data in the cloud.

“The purchase of Dovetail is the next step in our vision of helping accountants move online, and working closer together with their clients. This will enable MYOB to deliver an enhanced collaboration platform for accountants. The platform will extend the accountants’ capabilities beyond financial data management to deliver an integrated, collaborative experience through intuitive workflows, document management, work approvals and more. The outcome of this integrated workflow is improved accuracy, superior turn-around time, reduced data-entry, increased client participation, and increased revenue for the practice,” he says.

“Together, MYOB and Dovetail have a distinct competitive advantage in delivering our connected accounting vision to bring more accountants online. We service more than 1.2 million client businesses and over 40,000 accountants and other partners across Australia and New Zealand. We invest more than AU$35 million a year in market-leading research and development because we’re committed to understanding the needs of accountants and their clients. We work alongside them to make their business life as easy as possible.”

Craig Stanmore, CEO & Director of Jaques Stanmore Financial Group says an online collaboration platform would significantly enhance their client relationships, saying, “As an accountant the relationship with our clients is paramount. An online collaboration platform is a tool that will exponentially increase contact points with clients.

“From their perspective, providing them with one place of reference for most of their business financial interactions will simplify their financial world, saving them time and allowing them to focus more on their business and ultimately their goals. From our perspective as an accountant, the increase in connection to our clients will lead to more client engagement allowing us to seamlessly partner with the client to achieve their goals. This also gives us the opportunity to transform our service offering from ‘informing and compliance’ to ‘advisory and coaching’ assisting clients toward growth and their aspirations.”

Dovetail was founded in 2011 by Rob Cameron, who worked for MYOB in 2006 as a product strategy manager for five years within the accountants division. As a qualified accountant, Cameron’s extensive industry experience includes establishing ‘Innovate’, a provider of document management solutions such as Level 31, and consulting for accounting and business advisory firm PKF Australia. As a senior product manager for MYOB, Cameron will work across the business in developing integrated solutions for accountants and their clients.

About MYOB
Established in 1991, MYOB is New Zealand’s leading accounting software provider. It makes life easier for approx. 1.2 million businesses across New Zealand and Australia, by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory, mobile payments and more. MYOB also provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and now spends NZ$35+ million annually on research and development. For more information, visit myob.co.nz.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news