Helping businesses overcome the challenges in their financial vision with its intuitive enterprise performance management (EPM) tools is Illinois-based Syntellis Performance Solutions. “We elevate financial performance with advanced planning and forecasting by integrating data from disparate sources, which reduces planning cycle times and enables the development of sophisticated scenario modeling,” says Randa, CEO at Syntellis.
The company’s core mission is to boost the financial performance of the United States’ foundational institutions, including leading healthcare, higher education, and financial institutions. According to Randa, the organizations served by Syntellis represent various communities across the U.S. whose financial performance is proven to have profound impacts on the country as a whole. To ensure that it achieves this goal, Syntellis developed award-winning, cloud-based EPM solutions, including the Axiom Healthcare Suite, Axiom Financial Institutions Suite, and Axiom Higher Education Suite.
More recently, as the COVID-19 outbreak pushed workforces to work remotely, Syntellis’ cloud-based EPM solutions enabled CFOs to seamlessly manage their teams’ data, thereby maintaining the continuity of their financial processes.
With such unmatched competencies, Syntellis has ignited several success stories since its inception. In one instance, the company assisted a large health system in improving their financial planning, efficiency, and agility.
At the start of the pandemic, the client was struggling to effectively organize their budgeting and forecasting for the coming months because of the sudden surge in data. With Syntellis’ software, the health system unified the data across their entire footprint, providing their team with a holistic view of their finances and the ability to create flexible and highly adaptable strategies through the use of Syntellis’ EPM rolling forecasting capabilities. As a result, the health system was able to reduce its planning cycle time by 47 percent while creating department-specific financial reports that boosted decision-making for operational leaders. “In a short period, the financial team saved time and put actionable information in the hands of decision-makers that they did not have previously,” Randa recalled.
Moving forward, Syntellis will continue to expand its portfolio and capabilities to enhance the scale and scope of client benefits. Today, Syntellis’ healthcare team collects data from over 900 hospitals and 50,000 physicians every month to offer clients the ability to compare their financial performance against that of contemporaries. Moving forward, the company will continue to leverage its cloud-based capabilities to further expand its already extensive data sets to help CFOs gain an even more in-depth understanding of their business’ financial performance. To conclude, Randa reiterates the ethos of his company, “We will continually innovate our portfolio and provide unparalleled customer service to help society’s most foundational institutions ensure business continuity in today’s ever-changing business landscape.”
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Company
Syntellis Performance Solutions
Headquarters
Chicago, IL
Management
Kermit S. Randa, CEO
Description
Helping businesses overcome the challenges in their financial vision with its intuitive enterprise performance management (EPM) tools is Illinois-based Syntellis Performance Solutions. We elevate financial performance with advanced planning and forecasting by integrating data from disparate sources, which reduces planning cycle times and enables the development of sophisticated scenario modeling. The company’s core mission is to boost the financial performance of the United States’ foundational institutions, including leading healthcare, higher education, and financial institutions