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Oracle is one of the biggest CRM and ERP solutions producers and providers for small to large organizations. MYOB is yet another electronic accounting system that used by many companies and organizations for accounting solutions. Both of this software provides users with different products that provide business solutions, especially in accounting. All organizations can benefit from them, including small businesses. Oracles contains features such as business solutions, cloud solutions, industry solutions, oracle optimized solutions, for midsize companies technology solutions. On the other hand, MYOB Accounting Right Premier features multi-user access, multiple currency operations, employee payroll management, time billing, stay AOK with ATO, easy inventory management and easy ways of managing customers and suppliers. The features from both providers have specific purposes designed for certain tasks associated with organizational operations in Enterprise Resource Planning.

Oracle

Oracle is one of the leading companies with electronic management software for businesses. It provides organizations with a wide range of products and features to choose. Additionally, it offers open source and embeddable database. Oracle can be incorporated into Windows Server Systems, NET and Microsoft Office. Most of its products such as middleware, database and applications can be launched and used on the Windows platform, making it easier to use (Oracle.com, 2012). Oracle features are as mentioned above, which are found in many of their products. Some of their products include applications, database, middleware, engineered systems, enterprise management, java, servers, storage and tape, and virtualization (Reliford, 2012).

Enterprise management is one of the products of oracle finding great use in many organizations. This product is an integrated information technology enterprise that provides cloud management solution to organizations. The product comes equipped with a lifecycle management solution for managing clouds, and offers optimal returns on IT investment. Enterprise management has other sub-products such as database management, application management, cloud management, lifecycle management, and oracle enterprise manager 12c among others (Oracle.com, 2012). These products serve specific purposes within the organization. For instance, the Oracle Enterprise Manager 12c is one of the complete cloud management solutions for businesses. It makes it easy to manage applications especially provisions applications through which customers access information (Reliford, 2012). It enhances ease managing user experiences to millions of customers around the world.

Oracle Enterprise Manager 12c just like other oracle products utilizes the Windows platforms, Linux/Unix and Mac. This means it can be used in with any of these platforms, which are the most common globally. Compatibility with Windows Office platform makes it easy for users since it is the most common platform. Mac platform is for Apple computers, and people with Apple computers can as well use the oracle. The product features functionalities such as managing accounts payables and receivables, business intelligence, costing, customer relationship marketing, enterprise resource planning, inventory management, payroll, product life cycles, warehousing among others (Oracle.com, 2012). Within the Oracle Enterprise Manager 12c, most of these features will be found within other applications managed that it manages. Users of Oracle are the big enterprises and mid size organizations. The software and applications are designed for larger organizations as well as midsize, those with more sophisticated administration needs. The Oracle is not easy to use considering all the applications and their sophistication. They require familiarization with the user. However, once the user knows how to use the software applications, it becomes easily usable in the functions for which it is designed. Additionally, it is easily set up since it comes with automatic set up. It can easily be expanded to add or improve the features, making its scalability quite good.

MYOB Accounting Right Premier

MYOB Accounting Right Premier is one of he smart software options in accounting for many businesses. It targets the small businesses, and provides powerful accounting features with convenient functionalities such as inventory management, accounts receivable and payable management, among others that shall be addressed in the following section. Previous MYOB products are designed for managing items such as billing, invoicing and lists of customer needs. However, MYOB Accounting Right Premier has incorporated newer features such as inventory management and time billing. It allows users to make changes and preferences to include negative quantities within business operations, and allows them to manage the inventory across many locations. Additionally, it comes with ability of using multiple currencies (MYOB Technology Pty Ltd, 2012).

MYOB Accounting Right Premier is one of the MYOB latest products incorporating several features as mentioned above. In details, MYOB Accounting Right Premier contains features such as multi-user access, which allows many people within the business to have access to the business accounts. It allows several workers to work on accounts operations such as billing at the same time. The other feature is the operation with many currencies. This is ideal for international businesses where it helps in transactions involving foreign currency and tracking exchange rates. The other feature is payroll management, where one can generate payrolls with ease, and manage issues such as leave deductions, allowances as well as bonuses. Additionally, it allows the user to crosscheck the payroll report at regular levels even weekly, monthly and even annually as one wish (myob.com.au, 2012).

The other feature within MYOB Accounting Right Premier is Bill for your time, down to the last minute that allows the user to track job details including hourly and non-hourly services as well as expenses. It provides bills every time a job is done, and provides all the details one wishes to know about all the tasks and jobs done. Stay AOK with the ATO is a feature for calculating GST using the cash accrual basis and provides all that is need for the preparation of BAS as well as management of tax for the payroll. It allows the user to access their credit cards as well as bank statement through online banking (MYOB Technology Pty Ltd, 2012). Additionally, MYOB Accounting Right Premier reconciles all transactions made reducing time for entries. It also allows for easy inventory management providing details what is in the stock as well as what needs replacing. It further provides smarter ways of dealing with customers and suppliers through synchronization with Microsoft outlook to provide all contacts at hand.

The functionalities of MYOB Accounting Right Premier include operations such as accounts payable and receivable management, budgeting, costing, purchase tracking, managing bank accounts, linking to Windows Office, and customer relationship marketing as well as enterprise resource planning (myob.com.au, 2012). The product is very easy to use and users can follow their items, purchases and inventory without much complication. Previous products have been having simple accounting software for normal items in accounting such as customer orders. However, MYOB Accounting Right Premier has added more features that provide users with more functions that are as easy to use as the previous products of MYOB. MYOB Accounting Right Premier uses the same platforms as the Oracle Enterprise Manager 12c except for Linux UNIX. Thus, it can be used on Apple products, and other computer devices making it usable to everyone using these platforms.

The software also allows scalability where users can incorporate other applications. It also allows connection with other applications such as Microsoft office application, allow email support, live charts and phone support. The software is quite affordable to the users comparing its use and help it offers the management. Its price ranges from $1,349 to $1,849. At this price, the users with businesses can afford to buy the software. The benefits of the software cannot be compared to the cost. Thus, it can be considered cheap (myob.com.au, 2012).

Several differences evidenced between the MYOB Accounting Right Premier and Oracle Enterprise Manager 12c is the sophistication, but many functionalities are similar such as inventory management, accounts receivable and payable among others. However, Oracle Enterprise Manager 12c is an application meant to manage all the other products or Oracle in an enterprise setting. Additionally, it is targeted at the large enterprises and mid size businesses.

Small businesses and non-MYOB products

The non-MYOB products such as those from the Oracle are quite sophisticated and designed for organizations with broad administrative needs. Additionally, it includes many products that might not be useful in a small business. However, the benefit of non-MYOB products to small businesses would depend on the business itself. Some small businesses hardly require inventories, while others have very easy payroll since employees may not be many. However, for small businesses dealing with foreign currency, inventories, credits, and among other operations could benefit from extra features found in other software such as warehouse management or stores management, business intelligence, and analytics.

Compatibility with AIS cycles

AIS cycles, or Accounting Information System cycles are systems concerned with storage and financial data processing for the purpose of decision-making. Ni general, they are computer based, allowing easy storage and access of financial information as well as tracking accounting processes. The AIS cycle is the process of every function within the organization such as a revenue cycle. This cycle involves the activities that bring about exchange of goods with customers. With the two products, AIS cycles are achieved. For instance, communicating with the customer through MYOB Accounting Right Premier and exchanging information until revenue is received completes an AIS cycle (Hall, 2004). The Oracle Enterprise Manager does the same through the processes it is involved. For instance, the following items will be recorded in the MYOB Accounting Right Premier, sales, credit, billing, warehouse, inventory control, and among others. Monitoring of these activities completes an AIS cycle (Hall, 2004).

References

Curtis, V. (2012). MYOB Software for Dummies. Hoboken, N.J: John Wiley & Sons.

Hall, J. A. (2004). Accounting Information Systems. New York, NY: South-West Publishing Co.

myob.com.au. (2012). Account Right Premier. Retrieved from http://myob.com.au/products/small-business/accounting-finance/accountright-premier-1258090694709?productArea=FeaturesAndBenefits

MYOB Technology Pty Ltd. (2012). Australia No.1 Accounting Software. Retrieved from http://myob.com.au/business/products-1258090781431?productArea=Compare&category=1258090694805&family=1258090694805

Oracle.com. (2012). Superior Solutions and Customer Choice. Retrieved from http://www.oracle.com/us/solutions/index.html

Reliford, K. (2012). Oracle Enterprise Manager 12c Cloud Control – New Features Part One. Retrieved from http://www.databasejournal.com/features/oracle/oracle-enterprise-manager-12c-cloud-control-new-features-part-one.html