Hi all,
We were thrilled this week to sign an agreement to purchase BankLink. MYOB and BankLink are both market leaders in business management solutions to SMEs and accountants in New Zealand and Australia, and offer highly complementary solutions.
The acquisition is a key strategic move that will leverage the strengths of both organisations. It will position us to lead the next wave of industry growth – cloud accounting. MYOB’s SME solutions empower businesses to run their own accounting system, and BankLink enables accountants to do the accounting on behalf of the business.
MYOB and BankLink together will have the most comprehensive set of accounting solutions in the market today. This includes our flagship cloud accounting solution AccountRight Live, our entry level online accounting solution LiveAccounts, and BankLink’s market-leading accountants’ solution BankLink Practice. All are powered by BankLink bank feeds, known for being secure, reliable and accurate.
MYOB Chief Executive Officer, Tim Reed says “accounting is going through a period of rapid innovation”.
“Cloud solutions are replacing desktop applications; bank feeds are a key component of a cloud solution, as they are used as source data for the accounts,” says Tim.
“The benefits of automatic bank feeds are huge; they significantly reduce the time it takes to do the books. If you are running a small business, it is essential to have accurate financials. BankLink has proprietary methods of supplying accurate, reliable and secure bank feeds that are more accurate and secure than others.”
We look forward to sharing you more news on BankLink soon.
It was also another big seven days on the Community Forum, with over 200 new members joining the community this week. There was also over 450 posts submitted, including 150 from MYOB staff.
Our top contributors were jenniek, Mike_James, Geoff_, Retail_POS and Nic-acc-addons. Our star of the week was Mike_James who had multiple posts marked as solutions.
Thank you to all community members who generously shared their experience and expertise on the forum this week.
Love your work,
Jason Hill
Community Manager
