Payroll is a critical business function in every business, and it is not something that any business can afford to put at risk. Momentum understands that it is essential for clients to have a future proofed solution for their payroll. That is why we recommend any business still using MYOB Exo Employer Services, in particularly the MyStaffInfo portal to consider the move to a reliable Cloud Payroll solution.
While Exo Employer Services is a product MYOB are extremely proud of, it is a solution that is over 20 years old and some of the underlying technology frameworks are no longer supported, as software demands move to the cloud. MYOB Exo Employer Services is built using a Microsoft technology known as FoxPro. FoxPro is no longer support by Microsoft, meaning there is a risk in future it won’t work on any new Microsoft operating system. Note: MYOB have taken appropriate steps to mitigate the risk.
Due to these security concerns we recommend that you consider that transition to a Cloud-based Payroll, Workforce Management and ERP solution. Cloud ERP Payroll software is modern web-based software that is built completely on supported technology. Cloud based payroll runs on secure online infrastructure, which means your business is protected from risks, such as ransomware or disaster which might impact locally hosted software like MYOB Exo Employer Services.
The rapid adoption and development of cloud technology has influenced more and more businesses using MYOB Exo to invest in the move to a future proofed cloud payroll solution. One of the obvious reasons to move to the cloud is it allows businesses to operate remotely, providing you with the ability to manage your payroll anywhere, anytime.
Scalable and secure, a Cloud Payroll management solution ensures you stay up to date with new tax compliance changes, gives your team the tools to easily track and manage staff information and provides your employees with an online self-service system.
Payroll in the cloud also offers more features and functionality improvements when compared to Exo Employer Services, including Workforce Management. Workforce Management is available with Cloud-based ERP software and gives businesses the ability to plan, schedule, track and pay their employees and offers a host of features including:
- Employee Onboarding
- Time and Attendance
- Employee Self Service
- Leave Management and more
With a rise in Cloud ERP platforms, many businesses are moving away from MYOB Exo to cloud-based ERP solutions. Moving your Payroll involves implementing a new Cloud ERP Payroll solution tailored to your business, and therefore would start with a full review of your current and future software needs.
Explore our Cloud ERP Payroll solutions here.
At Momentum we have a experienced team of Cloud ERP Consultants who are ready to help transition our clients using MYOB Exo Employer Services to the cloud, so please reach out to us to start the conversation.