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Syft Reviews & Product Details

SL
Chief Financial Officer
Small-Business(50 or fewer emp.)
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Validated Reviewer
Review source: Organic
What do you like best about Syft?

Adds very sophisticated reporting capabilities to QuickBooks Online. Review collected by and hosted on G2.com.

What do you dislike about Syft?

Nothing. They keep improving it, but there is really nothing I consider a major flaw. Review collected by and hosted on G2.com.

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

Finanicial reporting--it provides so much better functionality than native QBO. Review collected by and hosted on G2.com.

Syft Overview

What is Syft?

Syft Analytics is an award-winning financial reporting and analytics software. Accountants and businesses use Syft to create financial reports, build consolidations, forecast performance, enhance reporting with non-financial information, and review data. With Syft’s AI-powered insights across every graph and report, you can go from data to decisions in no time. Get peace of mind with access to our Security Center including SOC 2 and GDPR accreditations. Up-skill your team quickly with live onboarding sessions and develop your knowledge with Syft Campus. 9 out of 10 users say Syft is easier to use than other reporting solutions. Join 100,000+ businesses that choose Syft with a 14-day free trial.

Syft Details
Discussions
Syft Community
Languages Supported
English
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Product Description

Syft is a cloud analytics platform that directly links into the existing accounting cloud software and instantly generates easy to interpret graphs and reports for businesses.


Seller Details
Year Founded
2016
HQ Location
Wilmington, US
Twitter
@Syft_Analytics
521 Twitter followers
LinkedIn® Page
www.linkedin.com
74 employees on LinkedIn®
Description

Syft Analytics is reporting and data analytics software that helps accountants and businesses understand financial data. We serve over 100,000 businesses in more than 80 countries that go on to produce thousands of reports, dashboards and actionable insights every single month.


Christine V.
CV
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Recent Syft Reviews

Vaibhav L.
VL
Vaibhav L.Mid-Market (51-1000 emp.)
4.5 out of 5
"Easy-to-create reports based on financial data to provide clear insights."
The support system is excellent, with everything needed to learn about Syft available on Syft Campus.
Jim H.
JH
Jim H.Small-Business (50 or fewer emp.)
4.0 out of 5
"Powerful tool to use in conjunction with Quickbooks"
Syft Analystics is very easy to integrate with Quickbooks online. It has several report options for both projections and financial analysis making...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"The exact tool that Quickbooks is lacking"
Utilizing modern technology to take the manual labor out of budgeting and forecasting.
Security Badge
This seller hasn't added their security information yet. Let them know that you'd like them to add it.
0 people requested security information

Syft Media

Syft Demo - Collaborative & Interactive reporting
Live views are secure, interactive, and collaborative online links to reports - the future of reporting. Generate AI-insights and include them in report packs.
Syft Demo - Visualizations, analytics, and forecasts
Create beautiful reports, visualize data in graphs & dashboards, create KPIs, and build integrated forecasts.
Syft Demo - Multi-currency consolidations
Use the leading consolidation tool - combine unlimited entities, add eliminations, account for acquisitions & disposals, include fractional ownership, and create beautiful reports. Support for +170 currencies.
Syft Demo - Forecasts and Budgets
Create fully integrated driver-based forecasts, budget for the future, and manage your cash with the power 
of machine learning.
Syft Demo - Export to Excel and Google Sheets
Export anywhere: Export any graph or report to PDF, Excel, Google Sheets or reimagine reporting with live view.
Answer a few questions to help the Syft community
Have you used Syft before?
Yes

Video Reviews

74 out of 75 Total Reviews for Syft

4.8 out of 5
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74 out of 75 Total Reviews for Syft
4.8 out of 5
74 out of 75 Total Reviews for Syft
4.8 out of 5

Syft Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for SyftQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Vaibhav L.
VL
Business Analyst
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

The support system is excellent, with everything needed to learn about Syft available on Syft Campus. Review collected by and hosted on G2.com.

What do you dislike about Syft?

It lacks the customization options for creating reports, unlike tools like Power BI or Tableau. Review collected by and hosted on G2.com.

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

We primarily use Syft for creating our P&L statements and balance sheets, allowing us to track our financials monthly and compare quarterly or yearly as needed.

We set up custom equations like gross profit, operating msargin, gros margin, EBITDA, and more.

We also create KPIs to track whether our business financial performance is on the right track, comparing our actuals with both the budget we uploaded into Syft and our forecasts.

Additionally, we use other modules and features such as ledgers, P&L builder, cash manager, dashboard visualizations, and the connection module for uploading non-financial data. Review collected by and hosted on G2.com.

Shelly S.
SS
Business Manager
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

Syft customer service is TOP NOTCH! I had some very specific needs in regards to altering reports and their response was swift, kind, empathic, and extremely helpful. I use Syft to visually speak to our entire company at once, many of which have no financial backgrounds. The beautiful charts and ease of creating the reports to tell a story through those charts have been a game changer for our team to be able to understand what I'm talking about. We use Xero and implementation was seemless, I didn't have to do any heavy lifting to get started, only connect the 2 accounts. Review collected by and hosted on G2.com.

What do you dislike about Syft?

I have yet to come across anything I don't like, but I am aware that they are constantly working behind the scenes to offer more to its customers. Review collected by and hosted on G2.com.

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

Syft is allowing me (a CFO equivalent) to be able to have financial conversations with all members of our company, including new hires, who do not have any financial background or prior knowledge of business finances. The reports and charts allow me to paint a picture that can easily be understood by everyone in our company in all departments. Review collected by and hosted on G2.com.

Josh Y.
JY
Partner
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

Syft is an outstanding easy to use platform with what is clearly a ton of thought and dev work that has gone into their construct. It integrates with multiple platforms, making it useful for accountants, bookkeepers and most importantly, clients. The simple FP&A activities, now layered with AI, provide outstanding analytics saving time, money and adding thought processes from multilple vantage points. The implementation is fast and easy and the product support and customer experience are bar none. Courtney is my customer experience manager and she is amazing. There has never been a question posed that she has not been able to solution for me. I use Syft daily and cannot imagine running my practice without it. Review collected by and hosted on G2.com.

What do you dislike about Syft?

The API is not extensive and there are some reporting formats that excel can perform for drilled down custom analytics that Syft cannot do. However, it is still an amazing platform and I'd highly recommend it. Review collected by and hosted on G2.com.

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

Layered on top of my clients' accounting systems, Syft allows for easy professionally looking FP&A that can be auto scheduled and generate tons of insights saving me time, money and allowing me to focus my deep thinking on other activities. Review collected by and hosted on G2.com.

Kiley D.
KD
Accounting Manager
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

Syft Analytics has truly mastered the art of user-friendliness with their platform. Navigating through its features is as effortless as a breeze on a sunny day. Implementation is a breeze too, thanks to their seamless process. But what truly sets them apart is their outstanding customer support. Quick responses and genuine care make problem-solving a delight.

The real-time updates on the shared client dashboard are a game-changer. It keeps everyone on the same page, ensuring smooth collaboration and transparency. And let's not forget the cherry on top: the integration with QuickBooks Online or Xero is so seamless, it feels like magic. Syft Analytics has truly elevated the standard for ease of use, implementation, and support in analytics platforms. Review collected by and hosted on G2.com.

What do you dislike about Syft?

If you want to update changes from your connected platform more than 1x per 24h you have to pay for upgrades. Review collected by and hosted on G2.com.

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

Syft Analytics is revolutionizing the way we handle financial reporting, especially when it comes to customizing reports for each client. Before, generating detailed cash flow analyses and standard margins for individual clients was a time-consuming ordeal. But with Syft, it's become a breeze.

This streamlined process has alleviated a significant pain point in our workflow. We can now quickly generate tailored reports that provide invaluable insights into our clients' financial health. Whether it's analyzing cash flow trends or assessing standard margins, Syft empowers us to deliver high-quality, personalized reports efficiently.

By saving us time and effort in report generation, Syft Analytics allows us to focus our energy on more strategic tasks, such as interpreting data and providing actionable recommendations to our clients. Ultimately, this not only enhances our productivity but also strengthens our client relationships by delivering timely and insightful financial analyses. Review collected by and hosted on G2.com.

Alexandra P.
AP
CFO
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

I love how customizable the ledgers and reports are within Syft, and the fact that it syncs automatically with Quickbooks. It has greatly reduced the amount of time I spent developing and distributing monthly financials. Review collected by and hosted on G2.com.

What do you dislike about Syft?

We've had some issues getting the budget forcasting to sync, but I will say that the customer support team is very available to help walk you through it, you just have to carve out the time. Review collected by and hosted on G2.com.

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

Syft automatically updates monthly and the reports are available to my finance team in real time whenever they want them. Review collected by and hosted on G2.com.

Dan Q.
DQ
Lead Accounting Technologist
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

Syft has been a valuable tool to expand upon reporting the data in Xero. I've found great use in Syft's ability to both segment & combine data. Segmentation has been great for allowing department heads to view their departments financials/budget while blocking their access to the spend of other departments. Combining entities has been great for business owners with multiple entities looking to see the full picture of their business performance. Review collected by and hosted on G2.com.

What do you dislike about Syft?

Syft has so many features, there is certainly a learning curve. Their training and knowledge library is incredibly helpful though Review collected by and hosted on G2.com.

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

Syft can undertake more complex reporting that Xero can out of the box. Multi entity combination is my strongest use case for Syft Review collected by and hosted on G2.com.

Jeshua C.
JC
Chief Operating Officer
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

Syft's reports are really well-constructed (with several enterprise-level features available) at an affordable price-point.

The customisable mappings - as an example - enable users to create layouts that enable individual entities (underlying a consolidated group) to benefit from a universal report layout. This both simplifies managerial reviews and reduces the administrative burden of recreating the "master report template" in each underlying entity's accounting software.

Additionally, Syft's friendly customer support is always just a click away :) Review collected by and hosted on G2.com.

What do you dislike about Syft?

To fully unlock Syft's potential, users who do not come from a strong auditing background may require some time to become "platform proficient". Review collected by and hosted on G2.com.

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

Syft has increased cliet-facing data visibility, without the need for "custom developed" Business Intelligence reporting. Review collected by and hosted on G2.com.

WI
Operations Manager + Controller
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

Syft Analytics made it so much easier to create consolidation reports, it brings all information in one place, which makes it easier to create reports that are easy to understand at various levels! Review collected by and hosted on G2.com.

What do you dislike about Syft?

I would prefer to see additional layers of options to be able to update. I think a 24 hours sync of all data is a bit too late and to have to pay for anything else for an auto update should be eased up a little, maybe auto update every 18-20 hours? Review collected by and hosted on G2.com.

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

It is helping me with reporting features that I would have to do on Excel manually otherwise Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

Syft Analytics has drastically cut our financial report preparation time by more than half. Its user-friendly interface and powerful features make reporting efficient and accurate. The excellent customer service, with knowledgeable and responsive support, further enhances the experience. Highly recommended for improving financial reporting efficiency. Review collected by and hosted on G2.com.

What do you dislike about Syft?

The only downside to using syft is its integration with QuickBooks Desktop. It is a little clunky (not a big issue since QB Desktop is on its way out anyway). Syft however offers a work around that allows users to directly upload a trial balance (using Syft excel template) to Syft, that works seamlessly. Review collected by and hosted on G2.com.

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

Syft allows us to provide meanful financial reports to our clients in a timely mannor while reducing the amount of time we have spent in the past to provide reports of lessor meaning to our clients. Review collected by and hosted on G2.com.

Verified User in Manufacturing
EM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Syft?

As a CFO who frequently deals with complex financial data, Syft Analytics has become an indispensable tool in my arsenal. This app has revolutionized the way I approach financial analysis, making it an absolute game-changer for anyone in the finance sector. Excellent Customer Support: The customer support team is incredibly responsive and helpful. They offer extensive training resources that made the initial setup and ongoing use of the app smooth and trouble-free. Review collected by and hosted on G2.com.

What do you dislike about Syft?

While the basic features are easy to use, there is a bit of a learning curve when it comes to mastering some of the more advanced analytics tools. Review collected by and hosted on G2.com.

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

Seamless Integration: Syft Analytics integrates effortlessly with our existing accounting software, eliminating the need for manual data entry and reducing the risk of errors. The integration process was straightforward and hassle-free. Review collected by and hosted on G2.com.