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MYOB today announced it will provide Australian disability service providers with a range of business tools that give them better control, visibility and access to their finances as they transition to the National Disability Insurance Scheme (NDIS).
According to the software provider, more than one quarter of funding allocated to disability service providers between 2014 and 2015 was unspent.
MYOB’s initiative aims to ensure that providers fully utilise and accurately track the use of funding they receive.
“The NDIS changes how disability service providers are funded. Under the new model, it will be important for these organisations to provide complete transparency. Our new initiative will provide disability service providers with the best business solutions to transition to the NDIS,” said Tim Reed, MYOB chief executive.
“We’re providing a complete ecosystem of the best support for organisations. This includes access to MYOB AccountRight, a range of partnering software solutions that extend MYOB to meet specific needs, and dedicated expert Certified Consultants around the country to assist businesses with advice, training and support to set themselves up for the changes.”
Former Small Business Minister and chair of the federal Parliament’s NDIS oversight committee Bruce Billson has given his support to the MYOB initiative.
“The NDIS is one of the great social policy initiatives of our generation and will be transformational for the hundreds of thousands of people living with disability to full achieve their potential and optimise their quality of life and opportunities," he said.
“MYOB and its partners are to be congratulated for developing new tools, systems and solutions for disability service providers. This will help them manage new ways of delivering support under the NDIS to help providers [meet the needs of] the 460,000 participants expected to benefit from the full NDIS roll-out."