Enprise Group, an NZX listed company, has initiated a dispute resolution process with MYOB over their decision to retrospectively reduce the margins that their partner, Kilimanjaro Consulting, receives on existing sales of MYOB Exo software.
The impact of the purported reduction, estimated to be 42.86%, would result in a financial loss of approximately $935,000 per annum for Kilimanjaro Consulting.
The board of Enprise has rejected MYOB's assertion that they have the right to unilaterally alter margins.
See more
