What does it do?
As firms move to more modern, cloud-based software such as Xero, they find their old time and billing stuck in their old-fashioned, on-premises PMS (practice management systems)
We simply integrate the systems, ensuring the traditional billing methods can be retained, while they are able to take advantage of the automation and availability of the newer products
How is it different?
Many firms operate out of more than a single legal entity, with more than a single instance of Xero
Using our CynareLink integration and aggregation database, we can integrate multiple systems at the same time
As the Cynare system is agnostic regarding time and billing systems, firms are able to change their underlying systems while maintaining the integration to the more modern systems
How much does it cost?
The cost is dependent on the particular practice management system in use and the number of companies and currencies involved
As this is a cloud system, we need to carry out a site survey before suggesting any costs for the infrastructure
What is the technology?
The Client details, any mapping tables and the transactions are warehoused in CynareLink
The Cynare app runs as a web service; connecting the on-premises and cloud components
What are the benefits?
Firms can retain their old time and billing at the same time as moving their accounting, cash and debtors management to more modern systems
Integrating the new with the old provides a significant advantage; automating transaction processing
Automation of processing speeds the process; reduces risk and reduces cost
How does it work?
We provide daily updates in the CynareLink warehouse of the following
Bad debt write-offs
Financial details, such as VAT details
Returned receipts (“bounced cheques”)
Unallocated cash receipts (“Overpayments”)
We then update Xero and the PMS, before providing a reconciliation report between the two ledgers
How is it used?
It simply sits in the background, processing transactions and reporting on any ledger imbalances