Aptitude Software's Fynapse looks like a major win for CFOs

Software’s #Fynapse solution streamlines financial operations for #CFOs and #accountants working with #Dynamics .

Released in 2022, Fynapse is a Software as a Service (#SaaS ) solution that is the ultimate connector for #D365 Finance. Its primary function is automatically reconciling data from upstream source systems, aggregating and submitting it to the general ledger. This two-way reconciliation process ensures accuracy and efficiency.

In the video below, you can learn about Fynapse from Aptitude Software’s SVP of Finance Digitalization, Nick Shah .

One of Fynapse’s key features is its ability to summarize data received, providing a more suitable volume for the general ledger. However, users can still access detailed, granular data when necessary. By managing data volume without sacrificing granularity, Fynapse offers a balanced approach.

In addition to data management, Fynapse effectively handles the noise often found in general ledgers. It addresses issues such as reversed balances and zero-netting control accounts, simplifying complex reporting and downstream analytics by aggregating these results.

Furthermore, Fynapse provides a centralized accounting policy for external source systems, allowing faster onboarding of new systems or entities while enhancing overall controls. It can easily accommodate multi-entity, multi-currency, and multi-#GAAP (Generally Accepted Accounting Principles) configurations.

Notably, Fynapse comes equipped with industry-specific intellectual property and solution accelerators. These include deployable data models, accounting policies, and charts of accounts tailored to various sectors.

Once deployed, Fynapse handles all the necessary relationship setup between the sub-ledger and general ledger aggregation and mappings within the solution. This streamlined process saves time and effort for finance professionals.

Aptitude Software’s Fynapse solution revolutionizes financial management for CFOs and accountants, empowering them with a comprehensive toolset to enhance efficiency, accuracy, and organizational control.

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