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Synario Reviews & Product Details

As the industry leader in transformative financial modeling software, we know just how critical the success of a long-range plan can be for your organization. Modern businesses need an explorative, collaborative, and comprehensive modeling platform to actualize their long-term strategic visions. Synario is just such a software platform, designed specifically to conduct prospective time-series financial analysis, with the flexibility to meet and adapt to current and future modeling needs. It is a purpose-built tool that can be customized to efficiently project and analyze the strategic scenarios and what-if questions needed to chart the right financial trajectory. Synario offers: • Easy configuration and integration with existing systems, including your budget system. • Multiverse Modeling™ technology that gives users the ability to develop, manage, and analyze unlimited scenarios, allowing for the exploration of future opportunities and risks from a singular model. • Dynamic visualization, whereby users drive assumptions and scenarios from customized decks to create quantitatively-supported real-time conversations and foster collaboration among stakeholders. With Synario, your organization will have the ability to design and build any projection logic, analyze any set of problems (operating and/or capital-related), and dynamically report the results to different groups of stakeholders. Synario will become the strategic (mission-level) decision-making tool that guides your business to a profitable future.

Seller

PFM Solutions

Languages Supported

English

Product Description

Synario models are easy to build, manage, and validate. All of these attributes are born of our object-oriented architecture, which permits users to design, build, manage, validate, and even change the projection logic of model elements in a single location.

Overview by

Kevin Corelli

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Synario Reviews (3)

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UH

Verified User in Higher Education

Mid-Market (51-1000 emp.)

11/12/2020

"Synario is a great tool!"

5/5

What do you like best about Synario?

The tool is powerful and flexible and has a similar feel to the excel reporting that I am used to. The support and service have been excellent and I find the training tools robust and accessible. I have been working with the tool for about ten months and haven't had any issues when it comes to reliability. Once the data is uploaded and validated everything just works smoothly. Review collected by and hosted on G2.com.

What do you dislike about Synario?

If I had to say something negative, the learning curve for the terminology and structure of the model is large. It takes a while to understand the logic well enough in order to be able to build what you need into complex models. Review collected by and hosted on G2.com.

What problems is Synario solving and how is that benefiting you?

We are using the system to model the impact of decisions on our financial statements, including what-if scenarios for capital planning and strategic initiatives. The flexibility to lay multiple scenarios over one another without disrupting base scenarios has improved the speed at which we can make decisions. Review collected by and hosted on G2.com.

MB

Mary Ellen B.

Mid-Market (51-1000 emp.)

10/30/2020

"Synario offers a robust, powerful modeling tool, guided by a highly qualified team of experts."

5/5

What do you like best about Synario?

The long-range planning model is a living document that is a key to keeping our institution on the path we've established in our new strategic plan. It is robust and powerful that ties together years of audited financial statements, lending credibility to the planning process. Great sensitivity and stress testing capabilities, with infinite flexibility to model different dimensions of our financial picture. We worked with a highly qualified team who guided a very successful implementation. Responsive, knowledgeable and strong trainers. Review collected by and hosted on G2.com.

What do you dislike about Synario?

The tool, while tricky to learn, is supported by a responsive team who offers myriad training resources and has been flexible with our needs and timeline. We have benefited from hands-on training sessions, webinars, and the user group community platform. Review collected by and hosted on G2.com.

What problems is Synario solving and how is that benefiting you?

In the LRP model, we have established rolling 5-year financial targets aligned with our strategic plan, our capital campaign goals and capital improvement plans. Each year, we are able to stress test multiyear enrollment scenarios, adjust to changes, make sound planning decisions and demonstrate our ability to deliver on our commitments. Being able to model changes in our assumptions and illustrate the relationships between the endowment, operational cashflow, debt and cash reserves has been invaluable to building trust with our board, donors and the broader community. Review collected by and hosted on G2.com.

AT

Verified User in Telecommunications

Mid-Market (51-1000 emp.)

9/3/2020

"Synario - Budgeting, Modeling, Financial Reporting"

5/5

What do you like best about Synario?

We have used Synario for several years for all of our budgeting and financial reporting. What we like best is the software's reliability and ease of use. We use the software to run reports every month and to generate all of our budget forecasts each year. After you build a model one time, it is easy to import new data and run new reports without making any changes. You can also build off an existing model to make changes and improvements instead of starting from scratch. The software rarely gives us any problems and when we have to contact tech support they respond quickly. Review collected by and hosted on G2.com.

What do you dislike about Synario?

Occasionally updates to the software have changed the way certain features work and we have had to find a work around for our processes. But their tech support staff has always been helpful to make sure we can still do what we need to with the software. Review collected by and hosted on G2.com.

Recommendations to others considering Synario:

The time that it takes to build a model and to build various reports is well worth the amount of time you will save using spreadsheets and manual processes to generate reports/budgets. Review collected by and hosted on G2.com.

What problems is Synario solving and how is that benefiting you?

Synario has helped us move away from using spreadsheets and manual processes for budgeting and financial reporting. We use the model to generate monthly reports to the board and management. We can also easily create custom reports for one-off queries. Synario has also made our budgeting process much smoother with the different dimensions and scenarios that can be created. Review collected by and hosted on G2.com.