Simple, practical, financial reporting tool.
November 11, 2016
Simple, practical, financial reporting tool.
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Synoptix
Synoptix takes care of all of our financial reporting needs from financials statements, to monthly/daily/hourly budget reports, account analysis, etc. My CFO relies and uses these reports on a daily basis. We also share reports throughout the organization via a web portal. It is positively surprising how users, with little training involved, can build comparatives, multi-years reports in a matter of minutes. This tool requires little to no IT intervention once set up. Very user friendly.
Pros
- Complex, time consuming reports can be quickly produced without the need of a special skills set.
- Organizes and provides for better access and distribution of data from your ERP.
- Can’t emphasize enough the IT independence! You don’t really need them!
Cons
- The web portal could be improved both in its presentation and organization of data and speed of delivery.
- It would be ideal to run and publish reports for multi-departmental users in one report. In other words, have a single report with multiple tabs representing each department and not have multiple reports (one for each department).
- When new production filters (under financial setup) are added these should automatically appear in order.
- Positive ROI since we extensively use this tool to make timely, financial decisions.
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