MYOB, the accounting software company, and ANZ, New Zealand’s largest bank, are launching a joint initiative to give new start-ups banking and accounting tools to help them get off to a strong start.
According to the duo, the first two years are crucial for any start-up, with a huge number of things for new business owners to consider. Dealing with new customers and cashflow; hiring staff and marketing their wares are all front of mind, but it is also important to get in place the right banking and accounting structures which can in turn help set a business up for success.
Kiwi businesses that have been running for less than two years can already access banking benefits through ANZ's Business Start-up Package. Now, ANZ and MYOB are offering a 12 month free subscription to MYOB Essentials Accounting. This will help start-ups run their bookkeeping online and manage cashflow in the cloud, the pair say.
James Scollay, MYOB general manager SME Solutions, says supporting start-up businesses was important for the growth of the New Zealand economy and in encouraging Kiwi innovation.
“On average approximately 50,000 new businesses are registered in New Zealand every year. Last year the World Bank survey ranked New Zealand as the easiest place in the world to start a business,” he says.
“Our 25 years of dealing with small business owners has shown us that being passionate about a product or service is the main driver for starting a business. By providing new business owners with the accounting solutions they need to manage their business effectively, we are empowering them to take control of their business finances and helping them on their path to success,” says Scollay.
John Body, ANZ managing director Retail & Business Banking and Wealth, says, “We [help start successful businesses] by providing start-up owners with the resources, information and support they need to succeed, such as the ANZ Business Start-up Package, and our 600 Business Bankers throughout New Zealand.
“Like MYOB, ANZ understands that new businesses are integral to communities and a growing economy. Through our Start-up Package we will help to ensure they have the banking and accounting tools to make the best possible start.”
Scollay says, “MYOB is proud to work with ANZ on this initiative. It’s a great collaboration with New Zealand’s largest bank. By giving new businesses a hand in those important first few years, ANZ and MYOB hope to see more of the innovation and business growth that is vital for the New Zealand economy.”