Synapse Information

Synapse Information develops solutions that solve the challenge of spreadsheet failure. Widely recognised as a major business risk, this problem causes almost 1 in 5 large businesses to suffer financial losses and was a major factor in the high profile collapse of US energy giant Enron, with legal documents revealing that 24% of the corporation's s... preadsheet formulas contained errors. Synapse's flag ship solution, Cloud CFO, is designed for group financial consolidation and reporting and combines the simplicity of the familiar spreadsheet interface with the power of an Oracle database. By connecting spreadsheets to the Cloud, the whole process for Group Company Financial Reporting is made easier, more accurate and more flexible. This affordable solution improves collaboration by connecting users so that they only see data in real time and improves data quality and validity by eliminating one of the biggest risks associated with spreadsheet use; the lack of an audit trail. It transforms financial reporting by reducing the time taken to report on complicated group structures from days to minutes. Synapse Information was founded by a group of British database experts with Silicon Valley experience who gained backing from a UK Government SMART grant to develop solutions that are now used extensively in banking and retail and in the motor dealership and insurance industry.Read More