MYOB vs. SAP S/4HANA Cloud

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 S/4HANA Cloud
Score 8.6 out of 10
N/A
SAP S/4HANA Cloud is a modular ERP that enables users to run mission-critical operations in real time from anywhere, introduce new business models in any industry, and expand globally. SAP S/4HANA Cloud is a SaaS product and can also be deployed in a hybrid landscape for quicker time to value.​ ​​ SAP S/4HANA Cloud is a foundational component of the SAP…N/A
Pricing
MYOBSAP S/4HANA Cloud
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
No answers on this topic
Offerings
Pricing Offerings
MYOBSAP S/4HANA Cloud
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeRequired
Additional DetailsPer user, per month
More Pricing Information
Community Pulse
MYOBSAP S/4HANA Cloud
Considered Both Products
MYOB
Chose MYOB
I selected MYOB because most of our clients are using this tool, this is the most convenient accounting software for them that's why we adopted MYOB app and MYOB website. We also covered a training for our clients to make them see that this accounting tool is easily to use.
Chose MYOB
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.
Chose MYOB
better than Xero in several ways. Easy to use (if you can get it working by yourself without any support)
Chose MYOB
I did a trial run on Xero I had trouble finding how to set up things, the customer support was terrible. The support you get from MYOB when you need it is really good.
Chose MYOB
the feature, reporting are much better than saasu. from developer's perspective, MYOB also allows us to pull the data a lot. Unlike Saasu where it limits the users to retrieve data on daily basis. There is a cost to use MYOB, but definitely worth it.
Chose MYOB
We use deputy for timesheets, and it is much better than MYOB
Chose MYOB
Some of my clients switched to Xero as they were using MYOB ACE payroll before but ACE payroll is a workstation based application which is not supported on Microsoft Server 2016 or Microsoft Server 2019. The only upgrade was the essentials and essentials plus but it was …
Chose MYOB
Better platform, similar pricing, and much better customer communications and service.
Chose MYOB
Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for …
Chose MYOB
MYOB is not a very good program (technically speaking), is far too slow and cumbersome, has hardly changed in 20 years, is not well supported and is far too expensive for what it is - don't buy it or use it - it is a waste of time and money and will let you down.
Chose MYOB
It was selected only because it works with MAC. I prefer Thomson Reuter softwares. Software like QuickBooks and MYOB allows uneducated clients to manipulate their numbers when they shouldn't. This makes more work for everyone.
Chose MYOB
MYOB may have other options that are cloud based and better for business as they make simple, easy to use software. We used the database version locally on our machines and it was difficult for our sales and accounting as only one person can edit at any given time.
SAP S/4HANA Cloud
Chose SAP S/4HANA Cloud
Oracle Cloud EPM helps in financial planning and analysis, Faster closing, and accurate reporting. It provides comprehensive financial management. It also helps with strategic planning and economic insight. Workday Financial Management has helped us manage our financial …
Chose SAP S/4HANA Cloud
Oracle Fusion Cloud ERP and Microsoft Dynamics 365
Chose SAP S/4HANA Cloud
Oracle Network Cloud Service
Chose SAP S/4HANA Cloud
SAP Concur, SAP SuccessFactors HCM and SAP Business Technology Platform
Chose SAP S/4HANA Cloud
SAP S/4HANA Cloud is far ahead than any other ERP I have used
Chose SAP S/4HANA Cloud
Easier to use, more comprehensive
Chose SAP S/4HANA Cloud
Not quite comparable as some of the applications are more born in the cloud.
Chose SAP S/4HANA Cloud
Oracle Fusion Cloud ERP
Chose SAP S/4HANA Cloud
Sage X3, Sage 300 and Acumatica
Chose SAP S/4HANA Cloud
We have moved all our ERPs from Data Center to Cloud and new Implementation is on SAP S/4HANA Cloud
Chose SAP S/4HANA Cloud
It is the best in class product
Chose SAP S/4HANA Cloud
blackline has limited functionalities compared to SAP S/4HANA Cloud can offer
Features
MYOBSAP S/4HANA Cloud
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
10.0
Ratings
26% above category average
SAP S/4HANA Cloud
8.3
Ratings
15% above category average
Pay calculation10.00 Ratings8.10 Ratings
Benefit plan administration10.00 Ratings8.30 Ratings
Direct deposit files10.00 Ratings8.00 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 S/4HANA Cloud
7.9
Ratings
4% above category average
API for custom integration10.00 Ratings7.90 Ratings
Plug-ins10.00 Ratings7.90 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
10.0
Ratings
18% above category average
SAP S/4HANA Cloud
8.5
Ratings
4% above category average
Single sign-on capability10.00 Ratings8.70 Ratings
Role-based user permissions10.00 Ratings8.20 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
10.0
Ratings
24% above category average
SAP S/4HANA Cloud
7.9
Ratings
9% above category average
Dashboards10.00 Ratings7.90 Ratings
Standard reports10.00 Ratings8.00 Ratings
Custom reports10.00 Ratings7.80 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 S/4HANA Cloud
8.3
Ratings
7% above category average
Accounts payable10.00 Ratings8.40 Ratings
Accounts receivable10.00 Ratings8.30 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 Ratings8.10 Ratings
Primary and Secondary Ledgers10.00 Ratings8.10 Ratings
Intercompany Accounting10.00 Ratings00 Ratings
Localizations10.00 Ratings00 Ratings
Journals and Reconciliations10.00 Ratings8.20 Ratings
Enterprise Accounting2.80 Ratings00 Ratings
Configurable Accounting10.00 Ratings8.20 Ratings
Centralized Rules Framework10.00 Ratings00 Ratings
Standardized Processes10.00 Ratings8.60 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
10.0
Ratings
31% above category average
SAP S/4HANA Cloud
8.6
Ratings
8% above category average
Inventory tracking10.00 Ratings8.60 Ratings
Automatic reordering10.00 Ratings8.40 Ratings
Location management10.00 Ratings8.20 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 S/4HANA Cloud
8.4
Ratings
7% above category average
Pricing10.00 Ratings8.20 Ratings
Order entry10.00 Ratings8.50 Ratings
Credit card processing10.00 Ratings9.00 Ratings
Cost of goods sold10.00 Ratings8.50 Ratings
Order Orchestration10.00 Ratings8.00 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 S/4HANA Cloud
8.7
Ratings
15% above category average
Billing Management00 Ratings9.00 Ratings
Cash and Asset Management00 Ratings8.00 Ratings
Travel & Expense Management00 Ratings10.00 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings8.00 Ratings
Period Close00 Ratings8.20 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
MYOB
-
Ratings
SAP S/4HANA Cloud
9.3
Ratings
30% above category average
Project Planning and Scheduling00 Ratings10.00 Ratings
Task Insight for Project Managers00 Ratings8.00 Ratings
Project Mobile Functionality00 Ratings10.00 Ratings
Definable Resource Pools00 Ratings9.00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
MYOB
-
Ratings
SAP S/4HANA Cloud
8.3
Ratings
11% above category average
Award Lifecycle Management00 Ratings8.30 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
MYOB
-
Ratings
SAP S/4HANA Cloud
8.2
Ratings
17% above category average
Bids Analyzed and Compared00 Ratings8.20 Ratings
Contract Authoring00 Ratings8.20 Ratings
Contract Repository00 Ratings8.10 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings8.40 Ratings
Supplier Management00 Ratings8.30 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
MYOB
-
Ratings
SAP S/4HANA Cloud
9.8
Ratings
40% above category average
Risk Repository00 Ratings10.00 Ratings
Control Management00 Ratings10.00 Ratings
Control Efficiency Assessments00 Ratings10.00 Ratings
Issue Detection00 Ratings9.00 Ratings
Remediation and Certification00 Ratings10.00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
MYOB
-
Ratings
SAP S/4HANA Cloud
8.2
Ratings
21% above category average
Transportation Planning and Optimization00 Ratings8.40 Ratings
Transportation Execution Management00 Ratings7.90 Ratings
Trade and Customs Management00 Ratings8.00 Ratings
Fulfillment Management00 Ratings8.50 Ratings
Warehouse Workforce Management00 Ratings8.20 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
MYOB
-
Ratings
SAP S/4HANA Cloud
8.5
Ratings
14% above category average
Production Process Design00 Ratings8.50 Ratings
Production Management00 Ratings8.70 Ratings
Configuration Management00 Ratings8.40 Ratings
Work Execution00 Ratings8.30 Ratings
Manufacturing Costs00 Ratings8.50 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
MYOB
-
Ratings
SAP S/4HANA Cloud
8.3
Ratings
15% above category average
Forecasting00 Ratings8.20 Ratings
Inventory Planning00 Ratings8.30 Ratings
Performance Monitoring00 Ratings8.30 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
MYOB
-
Ratings
SAP S/4HANA Cloud
9.0
Ratings
23% above category average
Proposal Management00 Ratings10.00 Ratings
Product Master Data Management00 Ratings8.10 Ratings
Best Alternatives
MYOBSAP S/4HANA Cloud
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 S/4HANA Cloud
Likelihood to Recommend
9.0
(0 ratings)
8.6
(0 ratings)
Likelihood to Renew
9.5
(0 ratings)
9.4
(0 ratings)
Usability
10.0
(0 ratings)
8.2
(0 ratings)
Availability
-
(0 ratings)
9.0
(0 ratings)
Performance
-
(0 ratings)
9.0
(0 ratings)
Support Rating
1.2
(0 ratings)
5.7
(0 ratings)
In-Person Training
-
(0 ratings)
9.0
(0 ratings)
Online Training
-
(0 ratings)
9.0
(0 ratings)
Implementation Rating
5.0
(0 ratings)
6.7
(0 ratings)
Configurability
-
(0 ratings)
9.0
(0 ratings)
Ease of integration
1.0
(0 ratings)
8.0
(0 ratings)
Product Scalability
-
(0 ratings)
8.0
(0 ratings)
Vendor post-sale
-
(0 ratings)
8.0
(0 ratings)
Vendor pre-sale
-
(0 ratings)
8.0
(0 ratings)
User Testimonials
MYOBSAP S/4HANA Cloud
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
The software reduces the stress of managing multiple departments in the supply chain sector. It offers great performance for both small and large businesses. With the built-in AI, it improves the overall efficiency of the organization and helps in reducing maintenance. The product customer care and support services are available 24/7.
Read full review
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
  • SAP S/4HANA Cloud is entirely based on continuously monitored processes enhanced in numerous operational business areas.
  • The solution allows the immediate analysis of company performance indicators due to enhanced functions.
  • Ideally built on future technologies, the organization’s platform aims at providing a system intended to expand based on business complexity.
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
Read full review
  • The beginner's user-friendly UI can help learners learn easily, and it feels a bit complex.
  • Implementation of AI bot on common tasks.
  • There are no offline functionality that users can use remotely.
  • As the scalability of the products grows, they become more expensive.
Read full review
Likelihood to Renew
We have been looking in to other cloud based accounting options.
Read full review
I am not part of the team that makes this decision but I would recommend renewing the contract. Most employees at Tennant are long term employees and would find it difficult to change to a different software. They are comfortable using SAP.
Read full review
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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SAP S/4HANA Cloud has a super flexible and intuitive dashboard, allowing every user to navigate effectively. It also has powerful customer help, which acts as a guide for new subscribers. The features deployed are realistic and functional, without defects. Constant changes and updates are proactively shared.
Read full review
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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The support system I find great as whenever I run into problems they rectify them quickly as possible they never reacted late the support is just up to the mark for me. They provide many solutions to the problems I faced the [technical] team support is always amazing they [listen] to mean work accordingly.
Read full review
In-Person Training
No answers on this topic
More effective
Read full review
Implementation Rating
No answers on this topic
SAP requires
a lot of internal and external resources to complete its successful
implementation. The cloud version requires a deeper understanding of the
different capabilities of the local systems (hardware) and the connection
towards your local IT team. We found several problems on our systems that we
couldn't foresee before the implementation and roll out.
Read full review
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.
Read full review
Previously we had implemented Azure Cloud Services which had cost us excessively compared to SAP cloud. Also I found the user interface easier to work with compared to the azure cloud as well. Overall the features are really good compared to Azure and cost is also less compared to it
Read full review
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.
Read full review
  • Surpasses many well reputed applications in terms of performance and data insight when you are into SAP products
  • More reliable and secure as we are not going to create multiple copy of master data, one single shared master data and all will work like charm
  • For authentication we can also use Microsoft MFA or Google single sign-on , so less complexity
  • For customized business process, we can implement extension packages which are like templates
Read full review
ScreenShots

SAP S/4HANA Cloud Screenshots

Screenshot of the Order to Cash Dashboard - For the management of the order-to-cash process more efficiently across revenue streams and business models - including sales of physical and digital goods, services, subscriptions, projects, and bundles.Screenshot of a Sales Management Overview - Helps ensure sales reps meet their goals with an overview of orders and key sales performance metrics, with status tracking for each order in real time for the early detection of potential issues.Screenshot of the Purchasing Spend Dashboard - For weighing various aspects of purchasing spend through quick access to clear, complete, and real-time data, with less risk, and without opening different reports and transactions.Screenshot of Operational Supplier Evaluation - Provides a transparent overview of suppliers. Users can approve the most reliable vendors and get the right mix to serve business needs while reducing risk.Screenshot of Inventory Management - Provides visibility to manage supply chains, to mitigate risk, avoid unnecessary costs, maximize efficiency, and fulfill customer orders on time.Screenshot of Inventory Processing - Enables real-time supply chain visibility and provides meaningful metrics, with customizable dashboards and reports that display real-time inventory that track the status of inbound and outbound deliveries.