TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    MYOB

    Score8.3 out of 10
    N/AMYOB 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

    Yooz

    Score8.8 out of 10
    Small Businesses (1-50 employees)
    Yooz delivers intelligent financial operations automation that aims to reduce waste, mitigate risk, prevent fraud, and eliminate errors from the AP process. Yooz provides Lean Financial Operations™ for companies of all sizes, offering clarity and control in the most complex environments. The Yooz platform combines a workflow engine, real-time applied AI, and transparency, with advanced fraud detection. Boasting over 7,000 customers worldwide and processing more than 300 million…N/A
    Pricing
    MYOBYooz
    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
    MYOBYooz
    Free Trial
    YesYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details—Subscription price based on the volume of documents processed. Unlimited number of users. 4 hours of complimentary service to start.
    More Pricing Information
    Features
    MYOBYooz
    Payroll Management
    Comparison of Payroll Management features of MYOB and Yooz
    Feature
    MYOB
    10.0
    12 Ratings
    28% above category average
    Yooz
    -
    Ratings
    Pay calculation10.012 Ratings00 Ratings
    Benefit plan administration10.08 Ratings00 Ratings
    Direct deposit files10.010 Ratings00 Ratings
    Salary revision and increment management10.08 Ratings00 Ratings
    Reimbursement management10.08 Ratings00 Ratings
    Customization
    Comparison of Customization features of MYOB and Yooz
    Feature
    MYOB
    10.0
    7 Ratings
    28% above category average
    Yooz
    -
    Ratings
    API for custom integration10.07 Ratings00 Ratings
    Plug-ins10.06 Ratings00 Ratings
    Security
    Comparison of Security features of MYOB and Yooz
    Feature
    MYOB
    10.0
    12 Ratings
    20% above category average
    Yooz
    -
    Ratings
    Single sign-on capability10.011 Ratings00 Ratings
    Role-based user permissions10.012 Ratings00 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of MYOB and Yooz
    Feature
    MYOB
    10.0
    12 Ratings
    24% above category average
    Yooz
    -
    Ratings
    Dashboards10.011 Ratings00 Ratings
    Standard reports10.012 Ratings00 Ratings
    Custom reports10.011 Ratings00 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of MYOB and Yooz
    Feature
    MYOB
    9.1
    16 Ratings
    18% above category average
    Yooz
    -
    Ratings
    Accounts payable10.016 Ratings00 Ratings
    Accounts receivable10.016 Ratings00 Ratings
    Cash management10.015 Ratings00 Ratings
    Bank reconciliation10.016 Ratings00 Ratings
    Expense management10.012 Ratings00 Ratings
    Time tracking6.07 Ratings00 Ratings
    Fixed asset management10.09 Ratings00 Ratings
    Multi-currency support10.08 Ratings00 Ratings
    Multi-division support10.07 Ratings00 Ratings
    Regulations compliance10.09 Ratings00 Ratings
    Electronic tax filing5.19 Ratings00 Ratings
    Self-service portal6.37 Ratings00 Ratings
    Global Financial Support10.06 Ratings00 Ratings
    Primary and Secondary Ledgers10.08 Ratings00 Ratings
    Intercompany Accounting10.06 Ratings00 Ratings
    Localizations10.06 Ratings00 Ratings
    Journals and Reconciliations10.012 Ratings00 Ratings
    Enterprise Accounting2.84 Ratings00 Ratings
    Configurable Accounting10.09 Ratings00 Ratings
    Centralized Rules Framework10.04 Ratings00 Ratings
    Standardized Processes10.08 Ratings00 Ratings
    Inventory Management
    Comparison of Inventory Management features of MYOB and Yooz
    Feature
    MYOB
    10.0
    9 Ratings
    31% above category average
    Yooz
    -
    Ratings
    Inventory tracking10.09 Ratings00 Ratings
    Automatic reordering10.06 Ratings00 Ratings
    Location management10.06 Ratings00 Ratings
    Manufacturing module10.06 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of MYOB and Yooz
    Feature
    MYOB
    10.0
    7 Ratings
    30% above category average
    Yooz
    -
    Ratings
    Pricing10.07 Ratings00 Ratings
    Order entry10.07 Ratings00 Ratings
    Credit card processing10.06 Ratings00 Ratings
    Cost of goods sold10.07 Ratings00 Ratings
    Order Orchestration10.05 Ratings00 Ratings
    End-to-end order visibility10.05 Ratings00 Ratings
    Order exception Resolution10.05 Ratings00 Ratings
    Payment Management
    Comparison of Payment Management features of MYOB and Yooz
    Feature
    MYOB
    -
    Ratings
    Yooz
    8.7
    41 Ratings
    13% above category average
    Customizable Approval Policies00 Ratings8.931 Ratings
    Financial Document Management00 Ratings8.230 Ratings
    Payment Status Tracking00 Ratings8.819 Ratings
    Payment Audit Trail00 Ratings9.021 Ratings
    Duplicate Bill Detection00 Ratings8.739 Ratings
    Advanced OCR00 Ratings8.830 Ratings
    Electronic Funds Transfer00 Ratings8.711 Ratings
    Accounts Payable
    Comparison of Accounts Payable features of MYOB and Yooz
    Feature
    MYOB
    -
    Ratings
    Yooz
    8.5
    42 Ratings
    17% above category average
    Automated Accounts Payable Processes00 Ratings9.142 Ratings
    Vendor Management00 Ratings8.035 Ratings
    Best Alternatives
    MYOBYooz
    Small Businesses
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    Tipalti
    Score7.7 out of 10
    Medium-sized Companies
    Accounting Seed
    Score9 out of 10
    Stampli
    Score8.4 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    Basware AP Automation
    Score7.2 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    MYOBYooz
    Likelihood to Recommend
    9.0
    (19 ratings)
    8.6
    (47 ratings)
    Likelihood to Renew
    9.5
    (2 ratings)
    8.6
    (3 ratings)
    Usability
    10.0
    (15 ratings)
    8.9
    (20 ratings)
    Support Rating
    1.2
    (14 ratings)
    -
    (0 ratings)
    Implementation Rating
    5.0
    (1 ratings)
    -
    (0 ratings)
    Ease of integration
    1.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    MYOBYooz
    Likelihood to Recommend
    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.
    Incentivized
    Read full review
    Yooz
    Yooz is perfect for reoccurring invoices, such as utilities, as you can search by account# to show a list of entries allowing consistency across the board. Color coding can be used to differentiate between utilities or responsibilities. This also helps when exporting specific items. I can select one by one or by group.
    Incentivized
    Read full review
    Pros
    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.
    Incentivized
    Read full review
    Yooz
    • Yooz allowed for the uploading of purchase orders and the matching of purchase orders to invoices for smooth processing of invoices.
    • Yooz performed three way matching in a stream lined manner.
    • Yooz was a user friendly software that integrated well with Oracle NetSuite.
    Incentivized
    Read full review
    Cons
    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
    Incentivized
    Read full review
    Yooz
    • when exporting we have to change the total column's to numbers or it will export with the incorrect totals.
    • Yooz needs to not allow itself to add a line to the total and change what you are posting. instead it needs to freeze you from moving on.
    Incentivized
    Read full review
    Likelihood to Renew
    MYOB
    Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
    Incentivized
    Read full review
    Yooz
    I love Yooz and everything it has brought to our organization!
    Read full review
    Usability
    MYOB
    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.
    Incentivized
    Read full review
    Yooz
    It has helped me with invoices and able to see if i have a duplicate and to see how many times vendor has been processed in the system and also to see who is late if it has been in yooz and it needs to get paid soon and also how many coding i have used
    Incentivized
    Read full review
    Support Rating
    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.
    Read full review
    Yooz
    No answers on this topic
    Alternatives Considered
    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.
    Incentivized
    Read full review
    Yooz
    Chrome River is slow and full of inconsistencies. Capturing invoices is confusing, as you have to assign approvers and coding at that time. No time to save it and research those details. It has multiple screens labeled inbox but are for different stages in the approval process that aren't specified unless you go into the invoice and review. When you go to exit the invoice, it takes you back to the main menu instead of the inbox you were currently working in. It is live, but the updates are every 10-15 minutes as opposed to immediately.
    Incentivized
    Read full review
    Return on Investment
    MYOB
    • 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.
    Incentivized
    Read full review
    Yooz
    • Yooz has delivered a positive ROI for our AP function by reducing invoice processing time and cost, accelerating approvals, and improving control over duplicate/exception handling.
    • Cost per invoice down through automation like less paper/postage.
    • Easy to find the invoice by using invoice number.
    Read full review
    ScreenShots

    Yooz Screenshots

    Screenshot of how Yooz works - The solution provides artificial intelligence (AI) and machine learning technologies to help AP teams with invoice automation.Screenshot of Purchase: Automates PR/PO and approvals using workflows. Additionally users can create purchase requests, automate approval workflows, automatically generate purchase orders, manage deliveries and monitor the budget.Screenshot of Capture: AI based data extraction to extract invoices. Works for almost any format (PDF, Factur-X, UBL, CII, EDIFACT, etc.)Screenshot of No touch: Intelligent workflows to automate approvals and paymentsScreenshot of Pay: A Digital Invoice Payment Workflow. Invoices can be paid individually or as a batch,  and vendors receive payment through Virtual Card, ACH, eCheck, or Paper Check.Screenshot of Export: Invoice capture and automation that integrates with accounting software, or with more than 200 ERPs worldwide.