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# What is Fynapse?

> An overview of the Fynapse Platform, its functionalities, and the benefits it provides to organizations.

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

## Watch a Video about how Fynapse Works