MYOB vs. SAP Business One

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 7.6 out of 10
N/A
MYOB now has a suite of subscription-based products and a browser-based accounting product that was released in August 2010. On 24 October 2012, MYOB released AccountRight Live - the cloud-enabled version of its flagship product. MYOB competes with Xero and QuickBooks.
$11
per month
SAP Business One
Score 6.9 out of 10
N/A
SAP Business One is an integrated enterprise resource planning (ERP) solution for small and medium-sized businesses, The product encompasses functionality around sales, customer relationships, inventory, operations, financials and human resources.
$99
per month
Pricing
MYOBSAP Business One
Editions & Modules
Solo
$11
per month
Lite
$34
per month
Pro
$63
per month
Premier
$88.50
per month
Account Right Plus
$150
per month
Limited
$99.00
per month
Starter
$110.00
per month
Pro
$132.00
per month
Offerings
Pricing Offerings
MYOBSAP Business One
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MYOBSAP Business One
Features
MYOBSAP Business One
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
SAP Business One
10.0
Ratings
33% above category average
Pay calculation10.00 Ratings10.00 Ratings
Benefit plan administration10.00 Ratings10.00 Ratings
Direct deposit files10.00 Ratings10.00 Ratings
Salary revision and increment management10.00 Ratings00 Ratings
Reimbursement management10.00 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
10.0
Ratings
27% above category average
SAP Business One
9.5
Ratings
22% above category average
API for custom integration10.00 Ratings9.60 Ratings
Plug-ins10.00 Ratings9.50 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
Ratings
18% above category average
SAP Business One
9.3
Ratings
13% above category average
Single sign-on capability10.00 Ratings9.10 Ratings
Role-based user permissions10.00 Ratings9.50 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
10.0
Ratings
24% above category average
SAP Business One
7.3
Ratings
1% above category average
Dashboards10.00 Ratings5.70 Ratings
Standard reports10.00 Ratings8.00 Ratings
Custom reports10.00 Ratings8.30 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MYOB
9.1
Ratings
16% above category average
SAP Business One
5.8
Ratings
28% below category average
Accounts payable10.00 Ratings9.70 Ratings
Accounts receivable10.00 Ratings9.70 Ratings
Cash management10.00 Ratings00 Ratings
Bank reconciliation10.00 Ratings00 Ratings
Expense management10.00 Ratings00 Ratings
Time tracking6.00 Ratings00 Ratings
Fixed asset management10.00 Ratings00 Ratings
Multi-currency support10.00 Ratings00 Ratings
Multi-division support10.00 Ratings00 Ratings
Regulations compliance10.00 Ratings00 Ratings
Electronic tax filing5.10 Ratings00 Ratings
Self-service portal6.30 Ratings00 Ratings
Global Financial Support10.00 Ratings7.70 Ratings
Primary and Secondary Ledgers10.00 Ratings9.20 Ratings
Intercompany Accounting10.00 Ratings00 Ratings
Localizations10.00 Ratings00 Ratings
Journals and Reconciliations10.00 Ratings9.20 Ratings
Enterprise Accounting2.80 Ratings00 Ratings
Configurable Accounting10.00 Ratings9.50 Ratings
Centralized Rules Framework10.00 Ratings00 Ratings
Standardized Processes10.00 Ratings9.20 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
Ratings
31% above category average
SAP Business One
8.5
Ratings
7% above category average
Inventory tracking10.00 Ratings9.40 Ratings
Automatic reordering10.00 Ratings7.00 Ratings
Location management10.00 Ratings9.50 Ratings
Manufacturing module10.00 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
SAP Business One
6.2
Ratings
24% below category average
Pricing10.00 Ratings8.00 Ratings
Order entry10.00 Ratings8.80 Ratings
Credit card processing10.00 Ratings2.00 Ratings
Cost of goods sold10.00 Ratings7.70 Ratings
Order Orchestration10.00 Ratings9.20 Ratings
End-to-end order visibility10.00 Ratings00 Ratings
Order exception Resolution10.00 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
MYOB
-
Ratings
SAP Business One
6.9
Ratings
8% below category average
Billing Management00 Ratings8.70 Ratings
Cash and Asset Management00 Ratings9.10 Ratings
Travel & Expense Management00 Ratings6.00 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings8.70 Ratings
Period Close00 Ratings9.60 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
MYOB
-
Ratings
SAP Business One
7.0
Ratings
8% below category average
Budgeting and Forecasting00 Ratings7.00 Ratings
Project Costing00 Ratings7.00 Ratings
Cost Capture00 Ratings7.00 Ratings
Capital Project Management00 Ratings7.00 Ratings
Customer Contract Compliance00 Ratings7.00 Ratings
Project Revenue Recognition00 Ratings6.10 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
MYOB
-
Ratings
SAP Business One
7.9
Ratings
14% above category average
Project Planning and Scheduling00 Ratings8.00 Ratings
Task Insight for Project Managers00 Ratings7.00 Ratings
Project Mobile Functionality00 Ratings1.00 Ratings
Definable Resource Pools00 Ratings5.00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
MYOB
-
Ratings
SAP Business One
7.7
Ratings
3% above category average
Award Lifecycle Management00 Ratings7.00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
MYOB
-
Ratings
SAP Business One
8.1
Ratings
15% above category average
Bids Analyzed and Compared00 Ratings8.00 Ratings
Contract Authoring00 Ratings7.50 Ratings
Contract Repository00 Ratings8.60 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings8.20 Ratings
Supplier Management00 Ratings7.00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
MYOB
-
Ratings
SAP Business One
7.7
Ratings
17% above category average
Risk Repository00 Ratings7.00 Ratings
Control Management00 Ratings8.00 Ratings
Control Efficiency Assessments00 Ratings8.00 Ratings
Issue Detection00 Ratings8.00 Ratings
Remediation and Certification00 Ratings7.70 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
MYOB
-
Ratings
SAP Business One
6.5
Ratings
3% below category average
Transportation Planning and Optimization00 Ratings7.30 Ratings
Transportation Execution Management00 Ratings6.90 Ratings
Trade and Customs Management00 Ratings6.30 Ratings
Fulfillment Management00 Ratings4.90 Ratings
Warehouse Workforce Management00 Ratings2.00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
MYOB
-
Ratings
SAP Business One
6.1
Ratings
19% below category average
Production Process Design00 Ratings2.00 Ratings
Production Management00 Ratings8.20 Ratings
Configuration Management00 Ratings2.00 Ratings
Work Execution00 Ratings4.00 Ratings
Manufacturing Costs00 Ratings5.00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
MYOB
-
Ratings
SAP Business One
7.5
Ratings
5% above category average
Forecasting00 Ratings7.40 Ratings
Inventory Planning00 Ratings8.20 Ratings
Performance Monitoring00 Ratings7.50 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
MYOB
-
Ratings
SAP Business One
8.9
Ratings
22% above category average
Proposal Management00 Ratings4.60 Ratings
Product Master Data Management00 Ratings7.70 Ratings
Best Alternatives
MYOBSAP Business One
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
Zoho One
Zoho One
Score 8.9 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.0 out of 10
Infor VISUAL
Infor VISUAL
Score 8.0 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 10.0 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBSAP Business One
Likelihood to Recommend
9.0
(0 ratings)
8.8
(0 ratings)
Likelihood to Renew
9.5
(0 ratings)
4.6
(0 ratings)
Usability
10.0
(0 ratings)
10.0
(0 ratings)
Availability
-
(0 ratings)
9.0
(0 ratings)
Performance
-
(0 ratings)
8.0
(0 ratings)
Support Rating
1.2
(0 ratings)
9.0
(0 ratings)
In-Person Training
-
(0 ratings)
7.7
(0 ratings)
Online Training
-
(0 ratings)
4.5
(0 ratings)
Implementation Rating
5.0
(0 ratings)
2.8
(0 ratings)
Ease of integration
1.0
(0 ratings)
9.0
(0 ratings)
Product Scalability
-
(0 ratings)
9.0
(0 ratings)
Vendor post-sale
-
(0 ratings)
8.0
(0 ratings)
Vendor pre-sale
-
(0 ratings)
8.0
(0 ratings)
User Testimonials
MYOBSAP Business One
Likelihood to Recommend
For a smaller business who isn't interested in having more than one user I think MYOB can serve them well. But if they want multiple users or are using virtual assistants there are better cloud based apps that are much more affordable and have far greater enhancements as well as integrations
Read full review
SAP Business One would be more useful if it contained tools to acommodate the growing need of online sales. A more complete shipping module which handles tracking numbers with the common couriers would be great. A built in warehouse management system would be great designed to be used with barcode scanners
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Pros
  • MYOB is very easy to navigate and find the correct information.
  • The Help section was very straight forward and very easy to learn.
  • MYOB was a great accounting tool for our business as it provided the accountant, sales, etc all of the information they need all in one place.
Read full review
  • Customized Reports to fit the companies' special configuration and needs.
  • Individual interfaces for many aspects of the business; manufacturing, inventory, sales, distribution, service, etc. Each department can have its own space.
  • All the modules are connected and can interact with one another.
Read full review
Cons
  • [In my opinion,] horrible interface to import data
  • [In my opinion,] user interface stuck in 1995
  • Needs improvement to usability
  • Contestant price increases
  • [In my opinion,] new in-app advertising is annoying
  • Countless different windows to do simple tasks like onboard an employee
  • [In my experience,] too slow
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  • Following a bench mark process - this seems contradicting to flexibility however we have wished we could follow more of an industry benchmark. Our challenge as a small company has been knowing how to properly use the system. We have discovered that we have set up the system wrong based and are using it improperly which has cause a lot work to correct.
  • Better live reporting options - current we are on prem SQL. Yes SAP is moving to HANA however smaller companies like ourselves are not ready for that. We need to be able to maintain our existing SQL DB. We also have a demand for live BI Reporting. It has been difficult to do this with our current set up.
  • Error handling - have found it very difficult to troubleshoot. Errors are not always clear and answers are hard to find.
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Likelihood to Renew
We have been looking in to other cloud based accounting options.
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I cannot run my business without SAP Business One in place. I only consult on on product and that is SAP Business One. Business volume goes to zero if I don't use SAP Business One. It is the best product on the market - head and shoulders above other ERP packages I have looked at or implemented in the past.
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Usability
Still 10 for me, I have no problem at all using this toll even it hangs sometimes, I need to log in again to refresh it and it always ask to update the MYOB app. i Also like the security of this platform, iT always asks for the code (before logging in.
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I rate SAP Business One's overall usability as excellent (10). The system has a user friendly interface that is easy to navigate. I enjoy how much SAP Business One helps to simplify everyday work tasks. This is a wonderful asset for any organization to use across any and all departments.
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Reliability and Availability
No answers on this topic
The SAP Business One software is up and running every time
you need it as it was planned. In more than 6 years that we have been
using the product, it has never been unavailable and if it ever was, it was because of a planned maintenance window scheduled in the company.
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Performance
No answers on this topic
SAP Business One performance depends mostly on the speed of your internal servers, should you have the solution on premise as we do. Sometimes the system tends to be a little slower for some users when others are executing really big reports of performing some batch loads, but generally, the performance is acceptable to all the users.
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Support Rating
MYOB accounting software basically works but looks and functions like 1998. Unfortunately their Antipiracy licensing system is absolutely TERRIBLE and verging on nearly criminal, scam! You must CONFIRM each and every data file and when it doesnt work you have to PAY THEM to fix their own file protection issues. If you dont pay them, they hold your data hostage as your company accounting information file becomes READ ONLY. Permantly, unless you pay them. This is a total extortion SCAM. I cannot believe a company can operate this way. With a lot of better product available... i dont imagine MYOB is going to survive much longer.
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We had some complex questions and went in a loop with calls emails etc. They where unable to find the right person to talk with us, and when we found 1 he was unable to reach... We ended up working with a local profession for the implementation, and that went smoothly. I would suggest SAP to start with that if there are complex projects...
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In-Person Training
No answers on this topic
The training I get was a consultant level training, so it's basically a 6 weeks training covering every aspect and every module of the system. It covered most common use cases and exercise training so you can get along with the software, as well as examples so there culd be a better understanding.
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Online Training
No answers on this topic
Over the past two years SAP has added a great deal of new SAP Business One on-line training for version 9.0 and 9.1. Most of the training is very strong, but some is difficult to understand and follow. Additionally, SAP still has a few holes in their on-line training around Production, Bill-of-Materials, MRP and Service.
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Implementation Rating
No answers on this topic
These implementations are not easy. Even a standard implementation can be difficult. With a never-been-done-before implementation, the implementation team and the user team need to be thorough with planning, make a decision on key points, and stick to them before any design happens. Our biggest challenge was not from StellarOne, rather it was from the mid-implementation decisions from our internal team. StellarOne did a great job warning us, implementing our decision, and then helping us adjust our SAP to handle the new direction we took.
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Alternatives Considered
I found Xero just a little to plain for my liking, I went with MYOB for my second business as it was easier to do this, and I already knew how it all worked. Xero does have a few features that are pretty good, but overall I think MYOB is a better product.
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SAP Business One is a good fit for an organization that wants to transform its business operation with a reasonable cost for migration from the legacy system. SAP Business One can match and support the organization needs because it has most of the best business practices deployed in its core modules so the organization can adapt to the standardized business process by choosing SAP Business One solution. Single source of data and information visibility is the huge benefit of using SAP Business One.
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Scalability
No answers on this topic
For most small businesses, the only way you outgrow SAP Business One is if the nature of your business changes radically. Going from 1 to 50 users is quite easy with SAP B1. Going beyond 50 may require moving to the Hana SAP B1 platform to maintain or improve performance, but the path is there.
Add-ons to SAP B1 can also be added as specific needs are encountered that are not closely met by the standard product. These may be required early in the product life because of the nature of your business, or as you expand the use of SAP B1.
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Return on Investment
  • Made a life a lot easier by removing a lot of separate entries in multiple excel sheets
  • With all of the relevant information in one place, it is easier to process payments.
  • Most of the business only have one person doing the payroll compared to the team effort.
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  • SAP Business One is intentionally designed keeping flexibility in mind
  • This software can be deployed on-premise or on cloud and you can change the on-premise hosting to cloud anytime in the future
  • It is designed from the ground up. SAP Business One is an affordable product that is quick to install, easy to use, and simple to maintain.
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ScreenShots