Syft Analytics

Syft Analytics is a financial reporting tool that businesses, accountants and non-profit organizations use to turn accounting figures into reports they can read and discuss together. The company calls it interactive and collaborative, and describes its range as running from simple reports through to integrated forecasts.

From review to report in one place

The product is organized around a single workflow in which figures are reviewed, analyzed, forecast and reported without moving between separate programs. Dashboards let a user explore results interactively, and finished reports can be produced as branded PDFs, so a firm can send clients something that looks like its own work.

Reporting features

Syft lists a set of capabilities that make up the core of the tool:

• Automated commentary, which writes explanatory text alongside the numbers.
• Consolidations, which bring the results of several entities together in one report.
• Forecasting and budgeting, so that plans can be set against actual results.
• Benchmarking against industry peers.
• An AI-powered insights engine that analyzes the figures and surfaces points worth attention.

Accountants, businesses and non-profits

Accounting and advisory firms use the tool to automate reporting for their clients, and the company says this lowers the cost of serving each one, which allows firms to offer more clients richer insights. Businesses and non-profits can use it directly for their own numbers. The vendor describes the setup as secure, notes that guidance and support are available at each step, and invites new users to try the tool at their own pace.