# Synapse makes it even easier for time-poor FDs to benefit from Cloud CFO with new managed service
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-03-03
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: New Cloud CFO Managed Service for Finance Efficiency
Meta Description: Discover how Synapse's new managed service, in partnership with QR3, can help Finance Directors focus on higher level activities by simplifying group
URL: https://financedigest.com/synapse-makes-it-even-easier-for-time-poor-fds-to-benefit-from-cloud-cfo-with-new-managed-servicehtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/success-icon-diagramfymgaf-1736844135908-compressed.jpg)

_“New service will release capacity in the finance function so the focus can be on higher level activities”_

Synapse Information today announced that it is introducing a new managed service that will make it easier for businesses to implement its’ flagship product, Cloud CFO, and solve the problem of group financial consolidation and reporting.   The managed service has been set up with partners, QR3, to help Finance Directors who do not have the time to implement the Cloud CFO solution themselves.

Cloud CFO is an innovative solution, which 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 and every member of the finance team gains access to real-time data. The finance team can continue to enjoy the simplicity and comfort of using a spreadsheet at the ‘front end’ with a connection to a very complex cloud ‘back end’ that does all the difficult work. This eradicates the problem of keeping a complete track of every change made to every spreadsheet cell by every user at every point in [time since](https://www.financedigest.com/sterling-slides-below-1-15-for-first-time-since-2020.html "Sterling slides below .15 for first time since 2020") document inception. This is invaluable for forensic audit and for [industrial grade](https://www.financedigest.com/food-grade-phosphates-market-regional-industry-segmentation-analysis-by-production-consumption-revenue-and-growth-rate-by-2027.html "Food Grade Phosphates Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2027") security and eliminates all of the risks.

Synapse can now either deliver the Cloud [CFO solution](https://www.financedigest.com/staying-ahead-in-the-digital-era-a-cfos-roadmap-to-future-proof-solutions.html "Staying Ahead in the Digital Era: a CFO’s Roadmap to Future-Proof Solutions") as a stand-alone unit or provide the customer with a qualified accountant supplied by partner QR3 to manage the implementation internally.  As the service is managed by Synapse, businesses can be confident that they are dealing with a single supplier that understands the Cloud CFO solution in depth.

“We’re delighted to give our customers more choice by offering a [managed service](https://www.financedigest.com/sacyr-shortlists-four-bidders-for-its-service-waste-management-unit-expansion.html "Sacyr shortlists four bidders for its service, waste management unit – Expansion") with our expert partner, QR3,” says Brian Donnelly, CEO, Synapse. “This new service [allows businesses to rapidly innovate](https://www.financedigest.com/esg-innovation-allowing-everyone-to-meet-the-standard.html "ESG innovation: Allowing everyone to meet the standard") while all the hard work is done for them.”

Matthew Broadbent, Chief Executive, QR3 says: “We are looking forward to [working with Synapse as we believe that this venture gives time-poor FDs the chance to achieve access to real](https://www.financedigest.com/get-real-how-to-be-your-authentic-self-at-work.html "Get real: How to be your authentic self at work") information in real-time. The managed service gives businesses the potential to release capacity in the finance function so the focus can be on [higher level activities while achieving major cost](https://www.financedigest.com/ds-smith-says-cardboard-box-volumes-strong-flags-higher-costs.html "DS Smith says cardboard box volumes strong; flags higher costs") and time efficiencies.”


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---