What is Fynapse?

Fynapse is a suite of software services that processes, stores and publishes rich and accurate financial information.

Fynapse is based on a modular architecture, which means it consists of a number of separate, but integrated services, e.g. Subledger or Accounting Engine.

What Does It Do?

• Ingests financial information from a wide range of source systems
• Provides a common location for financial information and business logic
• Generates rich accounting entries (Debits/Credits) in multiple accounting bases (e.g. US GAAP, IFRS) to improve consistency of accounting and increase business efficiency
• Persists detailed information as a Finance Data Service to provide detailed validation and rich reporting capabilities
• Persists journal information in a feature-rich Subledger, easing the burden on General Ledger and other downstream systems
• Aggregates granular information into summary level information to meet the data needs of the General Ledger and other downstream systems
• Allows users to flexibly access their data, giving them the power to fulfill their tasks
• Provides a flexible and configurable capability to export data out of Fynapse to external systems (e.g. GL, Reconciliation systems, Consolidation system, Reporting systems (e.g. BI, Data warehouses)
• Provides a robust and secure platform with full audit and end-to-end traceability to meet regulatory and compliance requirements

What Do you Gain by Using Fynapse?

• Increased efficiency
• Increased accuracy
• Increased control
• Reduced manual interventions/reconciliations
• Reduced time to close
• Increased insight into the state of their business