Fiserv Prologue Financials vs. MYOB

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Prologue Financials
Score 1.5 out of 10
N/A
Prologue Financials from Fiserv, a fully integrated accounting solution, features enhanced, built-in automation and controls and a newly designed user interface, enabling users to increase the efficiency of financial accounting processes.N/A
MYOB
Score 5.0 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.N/A
Pricing
Fiserv Prologue FinancialsMYOB
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Prologue FinancialsMYOB
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
Fiserv Prologue FinancialsMYOB
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
22% above category average
MYOB
7.0
11 Ratings
3% below category average
Pay calculation9.01 Ratings7.211 Ratings
Benefit plan administration9.01 Ratings6.97 Ratings
Direct deposit files9.01 Ratings7.19 Ratings
Salary revision and increment management9.01 Ratings6.97 Ratings
Reimbursement management9.01 Ratings6.97 Ratings
Customization
Comparison of Customization features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
27% above category average
MYOB
6.1
6 Ratings
12% below category average
API for custom integration9.01 Ratings5.96 Ratings
Plug-ins9.01 Ratings6.35 Ratings
Security
Comparison of Security features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
14% above category average
MYOB
7.0
11 Ratings
11% below category average
Single sign-on capability9.01 Ratings7.010 Ratings
Role-based user permissions9.01 Ratings7.111 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
19% above category average
MYOB
5.9
11 Ratings
23% below category average
Dashboards9.01 Ratings6.010 Ratings
Standard reports9.01 Ratings6.111 Ratings
Custom reports9.01 Ratings5.710 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
22% above category average
MYOB
4.9
15 Ratings
39% below category average
Accounts payable9.01 Ratings5.915 Ratings
Accounts receivable9.01 Ratings5.915 Ratings
Cash management9.01 Ratings5.314 Ratings
Bank reconciliation9.01 Ratings5.815 Ratings
Expense management9.01 Ratings6.111 Ratings
Time tracking9.01 Ratings6.36 Ratings
Fixed asset management9.01 Ratings4.98 Ratings
Multi-currency support9.01 Ratings2.07 Ratings
Multi-division support9.01 Ratings2.06 Ratings
Regulations compliance9.01 Ratings4.88 Ratings
Electronic tax filing9.01 Ratings5.19 Ratings
Self-service portal9.01 Ratings6.27 Ratings
Global Financial Support9.01 Ratings6.35 Ratings
Primary and Secondary Ledgers9.01 Ratings5.67 Ratings
Intercompany Accounting9.01 Ratings2.15 Ratings
Localizations9.01 Ratings6.35 Ratings
Journals and Reconciliations9.01 Ratings5.311 Ratings
Enterprise Accounting9.01 Ratings2.84 Ratings
Configurable Accounting9.01 Ratings4.88 Ratings
Centralized Rules Framework9.01 Ratings2.43 Ratings
Standardized Processes9.01 Ratings5.87 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
30% above category average
MYOB
3.7
8 Ratings
58% below category average
Inventory tracking9.01 Ratings6.68 Ratings
Automatic reordering9.01 Ratings2.85 Ratings
Location management9.01 Ratings2.85 Ratings
Manufacturing module9.01 Ratings2.75 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
23% above category average
MYOB
6.3
6 Ratings
13% below category average
Pricing9.01 Ratings6.36 Ratings
Order entry9.01 Ratings6.36 Ratings
Credit card processing9.01 Ratings6.35 Ratings
Cost of goods sold9.01 Ratings6.36 Ratings
Order Orchestration9.01 Ratings6.34 Ratings
End-to-end order visibility9.01 Ratings6.34 Ratings
Order exception Resolution9.01 Ratings6.34 Ratings
Best Alternatives
Fiserv Prologue FinancialsMYOB
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.2 out of 10
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Dext Prepare (with Receipt Bank)
Score 9.2 out of 10
Medium-sized Companies
Accounting Seed
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Score 9.1 out of 10
Accounting Seed
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Score 9.1 out of 10
Enterprises
Oracle Fusion Cloud ERP
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Score 7.4 out of 10
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Score 7.4 out of 10
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User Ratings
Fiserv Prologue FinancialsMYOB
Likelihood to Recommend
1.2
(2 ratings)
1.7
(18 ratings)
Likelihood to Renew
-
(0 ratings)
9.5
(2 ratings)
Usability
9.0
(1 ratings)
1.8
(14 ratings)
Support Rating
9.0
(1 ratings)
1.7
(14 ratings)
Implementation Rating
-
(0 ratings)
5.0
(1 ratings)
Ease of integration
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
Fiserv Prologue FinancialsMYOB
Likelihood to Recommend
Fiserv
Fiserv Prologue Financials will automate and help streamline your accounting processes and increases your data accuracy and create efficiencies that enables time and resources to be directed to strategic and profitable activities. Instant correction to errors and automatic journal entry reversal are very effective and excellent detailed audit trail allowing easy tracking and monitoring.
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MYOB
MYOB is suitable for any business. I have two different businesses and both use MYOB effectively. I use MYOB to pay wages every fortnight for both businesses. This enables me to track exactly what is happening with everyone's different sick leave and holiday entitlements easily. I'm also able to keep track of expenditure and balance and reconcile the accounts against bank statements.
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Pros
Fiserv
  • In my opinion, nothing is done well. I hate this program with an extreme passion.
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MYOB
  • 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.
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Cons
Fiserv
  • Support is only available within business hours.
  • No free trials.
  • Takes time to implement during initial stages.
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MYOB
  • [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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Likelihood to Renew
Fiserv
No answers on this topic
MYOB
Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
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Usability
Fiserv
Powerful tool that helps us to automate and to streamline our accounting processes and helps to deliver reliable and accurate accessible information that is crucial to the performance of our organization. Its easy to customize and to create financial reports of any kind from the GL and its ability to manipulate data through the system is amazing.
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MYOB
All of the MYOB products are easy to use. Most of our clients use MYOB ACE payroll and Essentials but some of the customers who are proper accounts use a range of products like Account Right MYOB AE/AO, Practice manager, TAX manager, etc. I have never heard of any complaints and the support contacts are always approachable.
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Support Rating
Fiserv
It provides us with a fully integrated accounting management solution with effective account payables and investment portfolio accounting. It helps us to automate and to streamline our accounting processes and it allows us to create custom financial reports easily enabling faster reports with accurate financial accounting data.
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MYOB
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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Alternatives Considered
Fiserv
Fiserv Prologue Financials is easily available and deployed in Mac and Windows and allows our financial controllers to create simple custom reports that enable them to report faster with accurate financial data. Great product that provides us with excellent cash management and payment management processes.
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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 payment processing but you had to go through their service only and it wasn't cheap.
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Return on Investment
Fiserv
  • Instant correction to errors.
  • Real-time financial data.
  • Automatic journal entry reversals.
  • Detailed audit trails that allows effective tracking.
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MYOB
  • It was great when we first started using it but there was a time when MYOB stopped supporting payroll tax tables for Apple computers and so we made the switch.
  • While we were using it staying on top of all of the pesky accounting details was a breeze.
  • We were very detail oriented to begin with and had a thorough understanding of basic accounting principles but anyone without even basic knowledge can quickly set up MYOB and get running fairly quickly and provide detailed reports to their CPA or CFO consultant for a deeper analysis of their business.
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