#1 most frequent
United States of America
86.1%31 installations of 36
What is Synoptix?
Synoptic provides ERP financial reporting tools and analysis. This solution is designed to deliver real-time data. The vendor’s value proposition is that their solution empowers users to create financial and operational reports with spreadsheet ease of use.
Categories & Use Cases
Videos
Top Performing Features
Minority Ownership
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
Category average: 7.3
Publish to PDF
Category average: 8.4
Report sharing and collaboration
Report sharing and collaboration is the ability to easily share reports with others.
Category average: 8.3
Areas for Improvement
Pixel Perfect reports
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
Category average: 7.4
Customizable dashboards
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
Category average: 7.7
XBRL support for regulatory filing
Support for the XBRL standard reporting format for exchanging financial data.
Category average: 7.2
Who Buys & Uses Synoptix
#2 most frequent
Canada
11.1%4 installations of 36
#3 most frequent
Ireland
2.8%1 installation of 36
Synoptix Review
Use Cases and Deployment Scope
We use Synoptix as a report writer. All end users who need access to our ERP data use Synoptix to view said data. Our ERP does not have quality reports built in and Synoptix allows us to build custom reports that address our reporting needs.
Pros
- Cutom report building
- Allows for easy accessibility control for end users
- Simple interface
- Great customer service and technical support
Cons
- I wish there were some features from Excel that were included
- Sometimes difficult to have both desktop and web versions be separate
- Printed reports don't always look as good as when they are on the screen
Return on Investment
- Has been a great resource for reporting and information sharing
- Reasonable pricing has allowed us to stick with Synoptix for a long time
Usability
Other Software Used
Anthology Student, Jenzabar Internet Campus Solution (JICS), discontinued
Advanced Reporting by Synoptix
Use Cases and Deployment Scope
We use the advanced reporting software. This is fully integrated with our ERP solution, (M2M) and used mostly for financial reporting. It is used by our general managers, plant managers, purchasing, and accounting. This product works well - consistently! It is very unusual that we need tech support, but when we do, they are right on! We use the product for multiple locations and do comparative statements locally. You would NEVER know that the data wasn't stored on the machine sitting next to me as quick and reliable as this solution is to pull in the data from separate servers in separate states! (Including the drill-down detail.) Love it!
Pros
- Very easy to write reports.
- Upgrades process has been automated and requires almost zero effort! (no IT involvement required).
- Drilldown function a breeze and provides instant results to the layperson for our financials.
Cons
- I'd love to see a drill down by the financial statement line-item that provides all the detail for that line item immediately, rather than drilling down on individual transactions within the account.
Return on Investment
- Our owners and managers want reports that are customized to their needs. This software allows users, not programmers, users to easily build a report in an "excel-like" environment. The report can be easily modified to meet new requests.
- The export to excel function works exactly how you'd hope. Simply menu option, export to excel, and bam! there it is, with formulas and all the formatting, perfect and in about 30 seconds.
- As a Controller, or CFO, my month-end closing performance is measured based on how successful I can consistent generate timely and accurate, reliable financials. I love this software, it's been integral to my personal success.
Usability
Alternatives Considered
Crystal and Oracle Access Management
Other Software Used
Microsoft Access, Microsoft Excel, Microsoft SQL Server
Manageable
Use Cases and Deployment Scope
I use it as a financial tool. My current operating system doesn't show the accounts on the screen and I use Synotpix to run totals. I also use Synoptix to see if accounts are valid and if I am needing to create new accounts. I am learning how to prepare the financial statements in it as well.
Pros
- I can see the accounts that I enter into the system
- I like that it can create and use excel functions for reporting
- Validate accounts
Cons
- I don't like using many buttons to click into a window.
- It isn't really user friendly - am using the desktop not the cloud
Return on Investment
- I don't know the cost to compare the ROI, I know that I use Synoptix
- when I can't see the data I should in my current ERP
Usability
Synoptix and [...}
Use Cases and Deployment Scope
Create our financial statements and net asset details reports
Pros
- summarize detailed ledger data
- run same report quickly after it is created
- easy set up of reports
Cons
- lag time when I am working with a vpn
- reminder if save hasn't happened before leaving set up screen
Return on Investment
- saved time
- Increased accuracy in reporting
Usability
Other Software Used
Ellucian Colleague
Synoptix review
Use Cases and Deployment Scope
We use Synoptix for monthly reports to the Board of Governors. The reports are built to reflect the same format as the annual financial statements in the audit report.
Pros
- Summarizing data
- Ability to drill into transactions
Cons
- Detailed user guide availability with FAQs
Return on Investment
- Synoptix has been a real time saver for our CFO
Usability
Other Software Used
Ellucian Colleague, Blackbaud Financial Edge NXT
