Syncron is a fast-growing software company, and their legacy systems were struggling to keep up. The organization was operating with a spreadsheet-based HRIS solution and a clunky, nonadaptive ERP solution. Syncron faced challenges because of their limited access to accurate data, which required a large manual workload. They needed a solution that would support their growth in terms of scalability and adaptability.
Syncron now benefits from one source of truth and the data, insights, and capabilities required to support business decisions, regulatory changes, and growth.
Benefits and results.
Systems consolidation and scalability.
Syncron moved from a spreadsheet-based HR solution and a legacy ERP system that hadn’t been updated for four years to one unified system across finance and HR. Key benefits include mitigation of risk, increased flexibility with self-reliance to adapt to change, and improved scalability.
Mitigated GDPR compliance risk
Enabled the remote close of books during COVID-19
Process automation and configuration.
Syncron simplified its IT environment and reduced manual and transactional administration using automation and configurable workflows. Key benefits include a resource shift from transactional processing to supporting the business and faster close of books.
finance FTEs reallocated for business partnering
faster to close books
With Workday, Syncron has been able to improve the speed of project billing, which has resulted in improved cashflow.
Improved cash flow
Reduction in unbilled receivables