This work presents a new derivation technique for new differential transform formulae of a product of composite functions. The new formulae are applied to nonlinear plane autonomous systems to demonstrate their efficiency and reliability. The approximate series solutions estimated by the differential transform method (DTM) and the multistep differential transform method (MsDTM) are then compared with the flow direction of the vector fields defined by the original system and an analytical solution calculated by the phase-plane method. We found that the MsDTM results are in better agreement with the analytical solution than the DTM ones. Moreover, the MsDTM can be applied to systems whose analytical solutions are unobtainable. The approximate solutions by the MsDTM have the same direction to the flow of the vector field of the system. It follows that the proposed new formulae are reliable and efficient.