Embracing the AI Evolution: How Generative AI Is Shaping Our Learning and Working Worlds As part of MYOB’s recent partnership with Monash Talent, MYOB’s Technology Segment Lead (Director of Engineering) Jerzy Filatow penned the following thought leadership article on how Generative AI is shaping learning now and into the future. It’s an important example of how industry partnerships matter, especially in the education sector. These kinds of insights are especially helpful for students, and it also shows the need for educational institutions to have pathways and partnerships, especially in the ..read more

8 Cybersecurity Threats for SMEs in 2024 Each year, small and medium-sized enterprises (SMEs) in Australia and New Zealand face an increasing number of cybersecurity threats. The threats have devastating consequences when left undetected. Repercussions include significant financial losses and long-term reputational damage. Let’s take a look at how you can help protect you and your business from cybercriminals. 1. Phishing Attacks One of the most prevalent cyberattacks facing SMEs is phishing scams. Phishing attacks involve cybercriminals impersonating trusted sources. The goal is to trick user ..read more

Three ways businesses can ramp up their cybersecurity efforts If you run a business, you’re no doubt well aware of the risk of cybersecurity attacks and data leaks. You might also tell yourself that cyber criminals aren’t interested in a company like yours. That they only target big corporates and high-profile companies with huge customer databases and bottomless bank accounts.  The bad news is, no business is safe.  In fact, many of the ‘bad actors’ out there have small and medium enterprises in their sights, and count on them to be easier targets.  The good news is, there ..read more

How is AI going to affect marketing and small business? Artificial intelligence is already having a significant impact on marketing and small businesses. AI tools like ChatGPT – an AI chatbot with the ability to assist with tasks ranging from simple copywriting to highly technical coding – catapulted itself to over 100 million users in its first two months of launching. By the end of June, a staggering 1 billion users were reported to be using the website. For context, it took TikTok, the short-form video hosting social media app, over 9 months to reach the same 100 million user mark and 4+ ye ..read more

Boost team management with MYOB and Deputy You’ve got the accounting side of your business under control, but how about the rostering and team management side? We all know staff issues can quickly become a nightmare for managers. Conflicting schedules and last-minute leave requests are common headaches, and changing labour laws are hard to keep on top of. Deputy’s integration with MYOB takes the pain out of team management issues. Meet Deputy Deputy is the ultimate rostering and team management solution, which allows you to save hours on scheduling staff. Trusted by more than 330,000 work ..read more

We can all agree that traditional, non-automated approaches to expense tracking are time-consuming, prone to errors, and demanding in terms of resources. Fortunately, a new wave of financial technology has emerged, completely transforming how companies handle their finances. Expense management automation offers significant advantages that every business owner should know about. This tool can streamline your organisation’s financial processes and increase efficiency, making it well worth the investment of your time and attention, while maximising cashflow. What is expense management automation ..read more

Cybersecurity for Manufacturing Companies: Why It’s Vital and How to Keep Hackers at Bay in 2024 In the age of digital transformation, the manufacturing industry has seen a significant shift towards automation, interconnected devices, and data-driven decision-making. While these advancements have improved efficiency and productivity, they’ve also made manufacturing companies increasingly vulnerable to cyber threats. Cybersecurity is no longer an optional consideration for manufacturers; it’s a critical necessity. The Growing Threat to Manufacturing Entrepreneurs The manufacturing industry is a ..read more

MYOB CRM eliminates multiple systems and streamlines sales and operations Like many small businesses, you may start out by using spreadsheets and emails to manage your sales and customer relationships. However, these practices become harder to manage as your customer base grows as they don’t provide visibility of sales processes. With greater volumes to process, it’s easier for mistakes to happen resulting in a poorer customer experience. An affordable wholistic operating system For BluSky Products, a flooring materials supplier, this was a familiar scenario. “We had a series of Excel spreadsh ..read more

Episode 8: Cybersecurity essential for business success With the increasing reliance on technology and the rise of cyber threats, it is crucial for individuals and businesses to prioritise cybersecurity measures. This is especially true for accounting professionals, who deal with sensitive financial information and are a prime target for cyber attacks. In this episode of Fiscal Therapy, Tyler Wise from CyberWise discusses the importance of cybersecurity for accounting practices. He emphasises the need for a proactive approach to cybersecurity, rather than just focusing on it during Cybersecuri ..read more

Cybersecurity: new risks, fresh strategies Cyberattacks are an increasing risk for SMEs — here’s how to protect yourself  Despite the headlines, cybercrime is not all huge data leaks and multi-million-dollar ransom attacks. According to Forbes, small businesses are roughly three times more likely to be the victim of a cyber attack. This is probably because smaller businesses tend to invest less in protection measures, making them an easier target for attackers. More bad news? Cybercrime is on the increase, and attacks are changing. It’s no longer just about malware or viruses. Phishing sc ..read more