PayGlobal | Now part of MYOB

What PayGlobal | Now part of MYOB does

MYOB (legal entity MYOB Australia Pty Ltd) is a long-established Australia and New Zealand business management software provider, founded in 1990 and headquartered in Cremorne, Melbourne, with a regional office in Auckland. The platform serves sole operators, small businesses, medium and large enterprises, and accountants/bookkeepers across ANZ with a 1M+ user base, offering accounting, payroll, tax compliance (including ATO Single Touch Payroll reporting, GST tracking, and BAS preparation), inventory, job tracking, ERP, and practice management capabilities. The product portfolio spans mobile-first Solo by MYOB (now with embedded Banking via Solo Money), the MYOB Business cloud suite (Lite, Pro, Payroll Only, AccountRight Plus and Premier), AI BAS (beta) for AI-assisted tax workflows, MYOB Acumatica cloud ERP for medium and large businesses, and the acquired MYOB PayGlobal and MYOB Exo enterprise payroll/HR solutions. The technology stack is cloud-native, hosted on Microsoft Azure and AWS in Australia, with 350+ third-party app integrations, PCI DSS and ISO 27001-aligned security controls, and an embedded banking layer. MYOB generates revenue primarily through recurring subscriptions across multiple tiers (entry-level for sole traders through enterprise-grade ERP), transaction-based fees via Tap to Pay (powered by Stripe), and premium feature add-ons. Distribution combines self-serve online channels for SMB, enterprise field sales for Acumatica ERP, accredited implementation partners, and an accountant/bookkeeper partner program that drives SMB demand. The company also acquired Flare HR (HR, superannuation, novated leasing) to extend into adjacent benefits workflows. Recent strategic emphasis is on AI-native features (AI BAS, MYOB Assist), embedded financial services (Solo Money, Tap to Pay), and expansion of the partner and marketplace ecosystem across ANZ.

Name

PayGlobal | Now part of MYOB

Legal name

MYOB Australia Pty Ltd

Website

https://myob.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

MYOB provides cloud accounting, payroll, tax compliance, and ERP software to over 1 million sole operators, SMBs, medium and large enterprises, and accountants across Australia and New Zealand.

Ownership category

akta.pro rank

Product category

Cloud Business Management Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Employer Payroll Processing (SMB & Enterprise) (FSAMAKAA)

akta.pro secondary industries

Payroll, Contractor Payments & SME HR Finance (FSAGAJAI), Embedded Payroll, Earned Wage Access & Benefits Finance (FSAGALAI), Expense Management & Reimbursements Administration (BPACAIAH)

Keywords

• Cloud accounting software
• Payroll management software
• Enterprise resource planning
• Business management software
• Invoicing and billing

Headquarters

HQ city

Sydney, NSW

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription Revenue: Monthly and annual subscription fees for Solo by MYOB, MYOB Business Lite, Pro, Payroll Only, AccountRight Plus, AccountRight Premier, and MYOB Acumatica ERP tiers. Plans range from entry-level for sole traders to enterprise-grade for complex businesses.
2. Payment Processing (Tap to Pay): Transaction fees for Tap to Pay payment service using mobile phone, processed through Stripe with settlement typically within 2 business days.
3. Premium Features Add-ons: Additional fees for premium features including invoice financing, premium inventory, payroll add-ons, and professional partner access.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

PayGlobal, now part of MYOB, is part of a cloud-based business management software suite that provides accounting, payroll, HR, inventory, job tracking, financial reporting, and enterprise ERP capabilities for Australian and New Zealand businesses. The portfolio spans a mobile-first sole-trader app (Solo by MYOB) through to enterprise-grade ERP (MYOB Acumatica) and includes acquired enterprise payroll/HR products PayGlobal and Exo for medium-to-large organisations. AI-powered BAS preparation, integrated contactless Tap to Pay payments via Stripe, Single Touch Payroll ATO reporting, and a 350+ app marketplace with public APIs complete the offering.

Product overview

MYOB is a comprehensive business management software platform serving businesses from sole operators to large enterprises across Australia and New Zealand. The product portfolio spans a unified cloud-first strategy with MYOB Business (Lite, Pro, and standalone Payroll Only) for small businesses, AccountRight Plus/Premier for established businesses, and MYOB Acumatica ERP for medium to large organizations. The acquired enterprise products MYOB PayGlobal and MYOB Exo serve mid-market and large enterprise payroll/HR needs. For accountants and bookkeepers, MYOB offers Practice Management, Nimbus Document Manager, Client Accounting, Practice Tax, and Practice BAS. Recent additions include AI-powered AI BAS for automated BAS preparation, Solo by MYOB with integrated banking for sole traders, and MYOB Tap to Pay powered by Stripe. The platform includes AI capabilities through MYOB Assist for advisory services and connects to 350+ third-party applications.

Differentiator

Problem solved

Functional benefit

Brands

• Solo by MYOB: All-in-one mobile app for sole traders to manage admin, banking, and payments
• MYOB Business Lite
• MYOB Business Pro
• MYOB Business Payroll Only
• AI BAS
• MYOB Business AccountRight
• MYOB Acumatica
• MYOB Practice
• Flare HR

Products and services

• Solo by MYOB All-in-one mobile app for sole operators to manage admin, banking, invoicing, and payments from any device; now includes integrated banking.
• MYOB Business Lite Cloud-based accounting software for sole traders and small businesses with up to 2 employees, offering invoicing, expense management, and basic payroll features.
• MYOB Business Pro Comprehensive business management solution for small to medium businesses with multiple employees, including payroll, inventory, and job tracking capabilities.
• MYOB Business Payroll Only Standalone payroll solution for very small businesses needing payroll management for up to 4 employees without full accounting software.
• AI BAS AI-powered BAS preparation solution that turns tax compliance into a continuous workflow, flagging missing receipts and unusual GST patterns and updating books upon user approval.
• MYOB Business AccountRight Plus Desktop accounting solution for established businesses needing accelerated pay runs and inventory management capabilities.
• MYOB Business AccountRight Premier Desktop accounting solution for complex businesses managing multiple locations, jobs, or currencies with advanced reporting needs.
• MYOB Acumatica Cloud ERP solution for medium and large businesses offering financial management, payroll, inventory distribution, CRM, project accounting, and business intelligence capabilities.
• MYOB PayGlobal Payroll and HR solution for medium to large enterprise businesses, now part of the MYOB portfolio following acquisition.
• MYOB Exo Enterprise workforce management and payroll solution for larger organizations, integrated into MYOB's mid-market offerings.
• MYOB Practice Management Practice management solution for accountants and bookkeepers to manage practice operations and client needs.
• Nimbus Document Manager Document management solution for accounting practices to organize, store, and share client documents securely.
• Client Accounting (Workpapers and Reports) Workpapers and reporting tools for accountants to manage client accounting workflows and generate required reports.
• Practice Tax Tax preparation and lodgement solution for accounting practices to manage client tax returns.
• Practice BAS BAS preparation and management solution for accountants and bookkeepers handling client compliance.
• MYOB Tap to Pay Contactless payment acceptance service enabling businesses to accept Visa, MasterCard, ApplePay, GooglePay, and eftpos payments via a mobile phone without additional hardware, powered by Stripe.
• Flare HR Embedded HR and benefits platform providing superannuation, novated leasing, and employee benefits management as an MYOB-owned offering led by Executive General Manager Jessica Oppetit.
• MYOB Team Time tracking and team management application for businesses to manage employee timesheets, rosters, and time-off requests.
• MYOB Assist AI-powered advisory assistant for accountants and bookkeepers to enhance client service delivery.

Quantifiable outcome

• AI BAS reviews transactions with confidence levels (e.g., 132 of 156 transactions reviewed with high confidence)
• +1 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Stripe Payments Australia Pty LtdcoreTechnology or IntegrationStripe is the payment acquirer for MYOB Tap to Pay service, providing the underlying payment infrastructure for contactless card payments, digital wallets (ApplePay, GooglePay), and eftpos transactions. MYOB integrates Stripe's services to enable merchants to accept payments via mobile phone without additional hardware.
• Microsoft AzurecoreTechnology or IntegrationMicrosoft Azure serves as the primary production platform for MYOB, hosted in Australia. MYOB leverages Azure's cloud infrastructure for security, privacy, and compliance capabilities including data center redundancy and built-in firewalls.
• Amazon Web ServicescoreTechnology or IntegrationAWS serves as a production platform for MYOB infrastructure, hosted in Australia. AWS provides security, privacy, and compliance infrastructure including monitoring for suspicious activity, physical security, server and power redundancy.
• MYOB Accredited Implementation PartnerscoreImplementation/ SI/ Consulting PartnerCertified implementation partners provide consulting and deployment services for MYOB Acumatica ERP, helping medium and large businesses implement and optimize their enterprise systems.
• MYOB Affiliate Program PartnersminorGTM or Marketing PartnerAffiliate partners earn commissions for referring new customers to MYOB through the affiliate marketing program.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Employment Hero: Employment Hero is an ANZ-based HR, payroll, and employee benefits platform. It competes directly with MYOB PayGlobal, MYOB Exo, and Flare HR in mid-market payroll and embedded benefits, especially for SMEs.
• FreshBooks: FreshBooks is a cloud accounting platform focused on freelancers, sole traders, and service-based small businesses — directly overlapping with MYOB Solo and MYOB Business Lite in the micro-SMB segment.

Broad incumbents

• NetSuite (Oracle): Oracle NetSuite is a cloud ERP platform competing for the same mid-market and enterprise customers that MYOB targets with MYOB Acumatica, offering overlapping financial management, payroll, and inventory capabilities.
• Sage: Sage offers accounting, payroll, and ERP solutions across multiple geographies and segments. Its mid-market Sage Intacct and SMB Sage Business Cloud products overlap with MYOB Acumatica ERP and Business Pro offerings.
• SAP Business One: SAP Business One targets the same mid-market ERP segment as MYOB Acumatica, competing on financial management, inventory, and multi-location operations for growing ANZ and global businesses.
• Intuit QuickBooks: QuickBooks is the global SMB accounting and payroll incumbent with comparable subscription tiers, bank feeds, and payroll features. It competes with MYOB on feature parity and AI capabilities, particularly as it expands internationally.
• ADP: ADP is the dominant global payroll and HR provider, directly competing with MYOB PayGlobal, MYOB Exo, and Flare HR in the mid-market and enterprise payroll/HR category with broader international reach.

Direct peers

• Acumatica: Acumatica is the underlying cloud ERP technology platform that MYOB Acumatica resells and localizes for ANZ. Direct technological and product overlap makes Acumatica a core product peer at the ERP layer.
• Xero: Xero is MYOB's primary ANZ cloud accounting and payroll competitor, serving SMBs with a very similar subscription-based product portfolio including payroll, BAS, and ecosystem integrations — directly competing for the same 1M+ ANZ customer base.

Regional players

• Reckon: Reckon is an ANZ-based accounting and payroll software provider offering desktop and cloud solutions. It directly competes with MYOB in the Australian SMB segment, particularly with Reckon One and hosted AccountRight-style products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MYOB
• Facebookfacebook.com/MYOB
• LinkedInlinkedin.com/company/payglobal-intelligent-people-management
• Instagraminstagram.com/myob

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PayGlobal | Now part of MYOB