Debating whether your firm should start using Syft? Perhaps you've been scanning the web for some time. Weighing up the pros and cons of different software solutions and how they could benefit you or your clients. There are a number of reasons you may want to consider Syft. In this article, we'll just unpack a few.
Why users love Syft 💙
With high ratings on various app marketplaces and a number of awards to our name, Syft is a beloved software for many. We remain dedicated to providing our users with the best possible experience - from the speed and functionality of our software to the simplicity and visual appeal of our reports.
“The reports are easily customizable and configurable and we can offer bespoke reporting to our clients in the traditional numerical format that some people like, but also graphically. A great proportion of clients are able to see trends and understand them better through graphics than they would by looking at numerical relationships.” - Suran Moodley, Managing Director at Ariston Global
Read Suran's full case study here.
Ultimately, we want to make reporting a fully interactive and collaborative experience, powered by the advantages of cloud technology.
Syft makes financial data simple so that users can easily get to grips with their data and make better business decisions with it. With that being said, let's look at some of the benefits Syft provides.
Key benefits 💪
Some of the key benefits of using Syft Analytics include:
Powerful, intuitive tools: Syft offers a range of powerful, intuitive tools that make it easy for users to analyze and visualize data. You can analyze and visualize anything from your financials to customer and product information to non-financial information such as website visits or the number of patrons at your client's restaurant. This can help you to quickly and easily identify trends, patterns, and insights that can inform decision-making and drive business success.
Integrations with your favorite accounting and e-commerce software: From Xero, QuickBooks, and Sage to Stripe, Square, and Shopify, with others on the way! And we have Spreadsheet LInk to link your data between Syft and Excel or Google Sheets as well. It's easy to set up and connect to whatever software you or your client use.
Efficient, automated processes: Syft can help to automate and streamline key processes in your firm, such as data import and export, report generation, and data visualization. This can save time and effort, and can allow your team to focus on more value-added tasks. For instance, if you are an accountant or bookkeeper, you may want to consider branching out into proactive advisory services and delivering real-time reports to your clients using Syft.
Flexible, scalable solution: Syft is a flexible, scalable solution that can adapt to the changing needs of your firm. As your business or your client's business grows and evolves, Syft Analytics can grow with you, providing the tools and insights that you need to drive success. As studies have shown the need for accountants and business owners alike to be agile and adaptable, having technology that is equally agile is critical.
Strong customer support: Syft Analytics offers strong customer support, with a dedicated team of professionals who are available to help you get the most out of the software. This can provide peace of mind and ensure that you are able to get the support you need, when you need it. Andrew Seguin, Founder of Seguin Financial, says of the Syft staff: “Every single person I’ve talked to has been super friendly and super kind - super bubbly.”
Consolidated reporting made simple: You can use Syft to combine entities from any data source, with different reporting currencies, into a single entity. The Consolidate tool enables you to create complex corporate structures and then visualize, analyze, forecast, and report on these at the level of the consolidation. You are also able to eliminate inter-company transactions and balances. As Andrew Haynes, Founder and Lead Accountant at Kindred Accounting says, “It makes a big difference for [owners of mutliple businesses] to be able to see a summary view of how all of their businesses are performing on the one platform.”
Data quality assurance: Beyond reporting, forecasting, and analytics, Syft also has a dedicated Audit tool which uses AI to detect anomalies that may indicate potential fraud or error. The Audit tool drills down into transaction-level detail, uncovering any irregularities and flagging them for your review.
As Graham Shapiro, Founder at Myccountant, says, accountants are in a very fortunate position as consumers. There are so many options when it comes to accounting technology. The reporting software of the future is collaborative and interactive, and that is where Syft is heading.
“Accounting has had a bit of an evolution, from no collaboration to collaboration with Xero and other cloud software, and I think that the next point of collaboration is what Syft has allowed where it’s easy for clients to use [the software], so you’re not just collaborating on the accounting; you’re collaborating on the reporting. And I think, of all the tools, Syft makes that part easiest to do.” – Graham Shapiro, Founder at Myccountant
Overall, Syft Analytics is a valuable tool for any accounting firm looking to improve its financial reporting, data analysis, and visualization capabilities. With its powerful, intuitive tools, efficient processes, and strong customer support, Syft Analytics can help your firm to drive success and growth. And it can help your clients to make better business decisions today. So why not give it a try?