Start up businesses getting boost from ANZ and MYOB

Start up businesses getting boost from ANZ and MYOB

Starting up a new business is about to become a lot easier thanks to an initiative between leading accounting software company MYOB and New Zealand’s largest bank ANZ.

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.

Businesses that have been running for less than two years can already access a range of banking benefits through ANZ's Business Start-up Package. Now, ANZ and MYOB are further supporting these customers by offering a 12 month free subscription to MYOB Essentials Accounting to help start-ups run their all-important bookkeeping online and manage cashflow with ease in the cloud.

MYOB General Manager SME Solutions James Scollay said that 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.”

Dan DuBern, owner of Tauranga start-up business ARC Fine Art Services, says that the offer of free Essentials and no transaction or monthly account fees on his ANZ Business Current Account has helped him get his art installation business off to a good start.

“Since starting my company in December, business demand has been high. Using MYOB Essentials has helped me streamline a lot of my administration work, taking a lot of the manual data entry work out of my accounting and making me a lot more efficient,” he says. “Working with MYOB and ANZ has eased the costs involved with starting up a business and helps me to invest more into my company.”

John Body, ANZ’s Managing Director, Retail & Business Banking and Wealth, says that as New Zealand’s largest bank ANZ is a leading player in helping Kiwis start successful businesses.

“We do this 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.”

Since purchasing a Warkworth-based florist with his wife in January, Alan Batten of Briar Rose Flowers says he has appreciated the support that they have received from ANZ and MYOB.

“Receiving MYOB Essentials through the ANZ Business Start-up Package has made it so much easier for me to keep on top of the accounts. Keeping track of customer payments, being able to print or e-mail statements to customers, and a gentle reminder of when invoices fall due are just some of the ways it helps me to run the business effectively.”

Start-up businesses who are interested in finding out more about the services can visit www.anz.co.nz/business/accounts/start-up-package

“MYOB is proud to work with ANZ on this initiative. It’s a great collaboration with New Zealand’s largest bank,” says Mr Scollay. “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.”

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