Syniti (formerly BackOffice Associates) - Short Review

Syniti, formerly known as Back Office Associates, is a leading provider of enterprise-scale data management and software-led services designed to help organizations manage, govern, and utilize their data more effectively. Here’s an overview of what Syniti does and its key features and functionality:

Overview

Syniti specializes in addressing complex data challenges by combining intelligent software with extensive data expertise. The company’s solutions are tailored to support large-scale industries such as capital management, manufacturing, life sciences, pharmaceuticals, and retailing. Syniti’s primary focus is on transforming data into a high-value business asset, enabling organizations to drive better business outcomes, reduce risks, and enhance their competitive advantage.

Key Features and Functionality

Syniti Knowledge Platform (SKP)

The core of Syniti’s offerings is the Syniti Knowledge Platform (SKP), a unified, cloud-based solution that manages the entire data lifecycle. SKP integrates various data management functions, including:

• Data Migration: Simplifies data migration processes, whether for new acquisitions, transitions to SAP S/4HANA, or consolidating HR systems in the cloud.
• Data Quality: Ensures high-quality data through automated metadata scanning, profiling, and a smart rule recommendation engine. This helps maintain accurate and accessible data across the enterprise.
• Data Governance: Provides tools to catalog, understand, and manage data compliance, scaling with the organization’s needs.
• Data Matching: Utilizes advanced algorithms and natural language processing (NLP) to match, deduplicate, and harmonize data, creating a unified view of real-world entities.
• Master Data Management (MDM): Consolidates and governs master data to ensure quality and consistency, supporting a 360-degree view of customers and enhancing business agility.
• Data Replication: Offers change data capture (CDC) capabilities to accelerate data synchronization from databases to cloud platforms efficiently and securely.

Data Matching Capabilities

Syniti’s data matching software is designed to rapidly connect disparate data at scale, enabling organizations to make smarter business decisions. Key features include:

• Real-time and batch mode ingestion to prevent duplicate record creation or identify duplicates in large data volumes.
• The ability to match millions of records daily without volume limits.
• Streamlined UI and configuration to minimize reliance on data scientists and expert users.

Data Governance and Compliance

Syniti’s platform provides deep insights and control over the data landscape, empowering organizations to manage data compliance and governance with ease. This includes tools for cataloging, understanding, and managing data to ensure compliance and future success.

Business Outcomes and Analytics

The platform delivers clean, trusted data to support all business initiatives, turning complex data challenges into competitive advantages. It offers business outcome dashboards to track KPI improvements in real-time and identify potential savings through actionable insights.

Integration and Scalability

Syniti’s cloud-native platform is designed to integrate with various enterprise infrastructures, offering greater control and flexibility. It scales intuitively with the volume and variety of the organization’s data, ensuring that data quality and governance initiatives deliver tangible business value. In summary, Syniti’s solutions, centered around the Syniti Knowledge Platform, are designed to streamline data journeys, enhance data quality, and provide a unified approach to data management. This enables organizations to make informed decisions, reduce risks, and drive significant business outcomes.