Synder
70 Case Studies
A Synder Case Study
Tentho, an accounting and financial services firm, was struggling with a time-consuming and inefficient manual reconciliation process. Their traditional method created a significant data backlog at the end of each month, which constrained their ability to offer higher-value strategic advisory services to their clients. To overcome this challenge, they implemented the automated reconciliation solution from vendor Synder.
The Synder solution automated the breakdown of complex transaction entries, seamlessly integrating data from over 30 payment platforms like PayPal and syncing it in real-time to their accounting system. This transformation saved Tentho approximately two hours per client monthly and an additional 30 minutes per client on PayPal reconciliation alone. These time savings, totaling over 10 hours each month, allowed Tentho to reallocate resources towards strategic financial advising and providing more detailed insights for their clients.