MYOB vs. Oracle SOA Suite

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB
Score 5.1 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
Oracle SOA Suite
Score 8.0 out of 10
N/A
The rapid adoption of cloud-based applications by the enterprise, combined with organizations’ desire to integrate applications with mobile technologies, is dramatically increasing application integration complexity. Oracle SOA Suite 12c, the latest version of the company's unified application integration and SOA solution, offers a simplified cloud, mobile, on-premises and Internet of Things (IoT) integration capabilities within a single platform.N/A
Pricing
MYOBOracle SOA Suite
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MYOBOracle SOA Suite
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
MYOBOracle SOA Suite
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB
7.0
11 Ratings
7% below category average
Oracle SOA Suite
-
Ratings
Pay calculation7.211 Ratings00 Ratings
Benefit plan administration6.97 Ratings00 Ratings
Direct deposit files7.09 Ratings00 Ratings
Salary revision and increment management6.97 Ratings00 Ratings
Reimbursement management6.87 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
MYOB
6.0
6 Ratings
16% below category average
Oracle SOA Suite
-
Ratings
API for custom integration5.96 Ratings00 Ratings
Plug-ins6.25 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
MYOB
7.0
11 Ratings
13% below category average
Oracle SOA Suite
-
Ratings
Single sign-on capability6.910 Ratings00 Ratings
Role-based user permissions7.111 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
MYOB
5.9
11 Ratings
25% below category average
Oracle SOA Suite
-
Ratings
Dashboards6.010 Ratings00 Ratings
Standard reports6.011 Ratings00 Ratings
Custom reports5.710 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
MYOB
4.8
15 Ratings
43% below category average
Oracle SOA Suite
-
Ratings
Accounts payable5.915 Ratings00 Ratings
Accounts receivable5.915 Ratings00 Ratings
Cash management5.314 Ratings00 Ratings
Bank reconciliation5.815 Ratings00 Ratings
Expense management6.111 Ratings00 Ratings
Time tracking6.26 Ratings00 Ratings
Fixed asset management4.88 Ratings00 Ratings
Multi-currency support2.07 Ratings00 Ratings
Multi-division support2.16 Ratings00 Ratings
Regulations compliance4.88 Ratings00 Ratings
Electronic tax filing5.19 Ratings00 Ratings
Self-service portal6.27 Ratings00 Ratings
Global Financial Support6.35 Ratings00 Ratings
Primary and Secondary Ledgers5.67 Ratings00 Ratings
Intercompany Accounting2.15 Ratings00 Ratings
Localizations6.35 Ratings00 Ratings
Journals and Reconciliations5.311 Ratings00 Ratings
Enterprise Accounting2.94 Ratings00 Ratings
Configurable Accounting4.88 Ratings00 Ratings
Centralized Rules Framework2.53 Ratings00 Ratings
Standardized Processes5.77 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
MYOB
3.8
8 Ratings
60% below category average
Oracle SOA Suite
-
Ratings
Inventory tracking6.68 Ratings00 Ratings
Automatic reordering2.95 Ratings00 Ratings
Location management2.85 Ratings00 Ratings
Manufacturing module2.75 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
MYOB
6.2
6 Ratings
17% below category average
Oracle SOA Suite
-
Ratings
Pricing6.26 Ratings00 Ratings
Order entry6.26 Ratings00 Ratings
Credit card processing6.25 Ratings00 Ratings
Cost of goods sold6.26 Ratings00 Ratings
Order Orchestration6.24 Ratings00 Ratings
End-to-end order visibility6.24 Ratings00 Ratings
Order exception Resolution6.24 Ratings00 Ratings
Best Alternatives
MYOBOracle SOA Suite
Small Businesses
QuickBooks Self-Employed
QuickBooks Self-Employed
Score 9.1 out of 10

No answers on this topic

Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10

No answers on this topic

Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
IBM DataPower Gateway
IBM DataPower Gateway
Score 8.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOBOracle SOA Suite
Likelihood to Recommend
2.6
(18 ratings)
8.0
(9 ratings)
Likelihood to Renew
9.5
(2 ratings)
8.0
(1 ratings)
Usability
2.8
(14 ratings)
9.0
(1 ratings)
Support Rating
2.5
(14 ratings)
6.0
(1 ratings)
Implementation Rating
5.0
(1 ratings)
-
(0 ratings)
Ease of integration
1.0
(1 ratings)
-
(0 ratings)
User Testimonials
MYOBOracle SOA Suite
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.
Read full review
Oracle
Oracle service bus is great to quickly proxy any legacy services exposed as soap service. It's well suited for aggregating multiple services on a single endpoint. We can point to multiple endpoints on the business service and use a round-robin approach to access the endpoints. It's not well suited for data transformation and quick preview of mappings and transformations. It's not great on path to cloud transformation.
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.
Read full review
Oracle
  • The Oracle Service Bus makes the management of web services extremely easy. Through its point and click interface, the web service endpoints can be easily modified.
  • The administration console provides useful dashboards to diagnose any service issues.
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
Read full review
Oracle
  • Message reporting tied to a database seems counter productive. Better options to eliminate that would not only minimize the maintenance hassle but also gives more ease to manage the product.
  • Polling feature isn't very efficient where the end point JMS queues may still have JMS connections despite not enabling the corresponding poller proxy services.
  • Unable to deploy multiple web services in one go from the OSB Web console.
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
Read full review
Oracle
We have had not many issues with Oracle Service Bus and it's very stable for our requirements. It's highly available and helps us implement Tier1 applications on it.
Read full review
Usability
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.
Read full review
Oracle
It's an excellent enterprise service bus and has very stable features. We have been using it since 2008. We did hit into some issues. But, recreating the service helped fix many issues. Also, deployment to various environments was easy. Also, the plugin on Eclipse helps to build proxy and business services quick and easy.
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
Oracle
We had some issues with MQ connectivity through OSB and our experience was poor with the support team. They do respond. But, it felt like we are ignored and we had bad support. We had to escalate and things used to get dragged for weeks before we get more quality questions on how to pursue investigation.
Read full review
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.
Read full review
Oracle
Oracle being the market leader and has a lot of compatibilities with sources like SOA projects, Oracle database and other JMS feeds.
Read full review
Return on Investment
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.
Read full review
Oracle
  • Improve customer relations/service
  • Create internal/operational efficiencies
  • Improve business process outcomes
  • Improve compliance & risk management
  • Strong services expertise
  • Pre-existing relationships
  • Strong consulting partnership
  • Product functionality and performance
Read full review
ScreenShots