Sysynkt Extended Finance

Sysynkt allows you to invite new suppliers to onboard themselves using Sysynkt's Supplier Management Portal.

When the supplier onboarding and registration process is complete, users can begin creating Requisitions and Purchase Orders which can enforce budget checking, and then be sent by workflow for approval before automatically emailing the PO to your supplier.

Once the goods or services are received, using its AI (Artificial Intelligence) capabilities, Sysynkt Extended Finance will read your purchase invoice documents, automatically code and generate transactions, before posting directly to SunSystems ready for payment.

Sysynkt is a true cloud application that works with SunSystems using secure online bank payments applying Open Banking Standards. Using the Open Banking API from your bank to Sysynkt, authorised users can make secure online payments, and receive real-time data feeds from your banking, credit card, or other banking institutions.

Sysynkt Extended Finance automatically matches statement transactions with those recorded in SunSystems. The reconciliation process identifies any matching variances and once corrected, will post the allocated transactions using auto-coding and user-defined workflows for authorisation before creating new transactions in SunSystems.

Using the latest Sysynkt AI technology, the Expenses module can read handwritten or printed receipts, automatically create the expense transactions and route these via its drag-and-drop workflow for approval, before posting to SunSystems.

Sysynkt Expenses will help control maverick spending and assist with the prevention and early detection of fraud by introducing expense approval and detailed spend analysis.

With existing plug-ins to XE, OANDA and Bloomberg, and using the Sysynkt OPENAPI 2.0 integration tool we can automate a scheduled upload of Fx Rates from any exchange rate service. The Fx upload process automatically populates your SunSystems Business Units without manual intervention.

Using our fully integrated exchange rate upload process means there are no mistakes, incorrect uploads, or duplicates. Sysynkt Extended Finance understands how SunSystems works and uses its modern OPENAPI 2.0 standard for interfaces, so nothing needs re-keying.