When BigAir began as a small business of four people working in a small office in Surry Hills in Sydney, they purchased MYOB to handle their accounting requirements.
But since then the company has grown tremendously, where it listed on the Australian Stock Exchange in 2006 and raised $AUD 7.5 million in capital. They now have fixed wireless base stations in Sydney, Melbourne, Brisbane, Perth, the Gold Coast and Adelaide, with short term expansion plans for other cities.
Their revenue is subscription based where organisations subscribe to the network services and infrastructure provided by BigAir.
MYOB was unable to meet the demands of the business, particularly in term of consolidating their monthly financial statements and reporting. As well, MYOB did not have an adequate fixed asset management module to help BigAir track and financially manage their key assets and infrastructure. Matt Carter, Financial Controller for BigAir, says, “MYOB does not have a fixed asset module and could not handle consolidations; we had to do a manual consolidation of our financial statements across the two companies in the group. It would take three weeks at the end of evey month, using Excel spreadsheets, to consolidate the Group.”