Save Money with the Synder Partner Program Today!
Join our webinar to discover Synder's exclusive benefits and discounts designed specifically for accountants.
Register for free
23 days left before the webinar
Webinar image

Why Manual Reconciliation Is Holding You Back: Tentho’ Story

Why Manual Reconciliation Is Holding You Back: Tentho’ Story

Picture this: it’s nearing the end of the month, and your to-do list is a mile long. The data backlog is towering, clients are demanding insights and strategic advice, but you’re bogged down with hours of manual entry and reconciliation ahead. Frustration sets in, and even the idea of lunch feels like a luxury. Sounds familiar? 

We spoke with Edward Dick, Strategy and Finance Manager at Tentho, to uncover how their team overcame this all-too-common struggle using Synder’s game-changing automation. Here’s what we learned.

Tentho’s experience: The cost of outdated reconciliation practices

In the accounting industry, traditional month-end reconciliations are notoriously tedious and time-consuming. Tentho, an accounting and financial services firm, experienced this firsthand. Their conventional process involved bundling multiple transactions—such as payments and deposits—into single journal entries within their accounting system. While functional, this method led to chaos in the final 10 days of each month, as accountants struggled to clear a towering backlog of unreconciled data from the previous period.

The tradeoff? A lack of granular financial insights. These inefficiencies consumed precious time and constrained Tentho’s ability to prioritize higher-value services like strategic financial advisory—critical for both the company and its clients.

Many organizations face the same challenge: too much data, too little time. So, how do we change that?

Breaking free from the manual reconciliation trap

No more end-of-month meltdowns over mountains of unreconciled data! It might sound like a New Year’s resolution you’ll break by February, but Tentho’s success with Synder proves it’s achievable.

By automatically breaking down complex transaction entries into precise components like sales, fees, and deposits—Synder completely transformed Tentho’s account reconciliation process.

That’s what Synder does so perfectly—every deposit that comes in is linked and split into sales and expenses. All we have to do is set it up,” said Edward Dick, Strategy and Finance Manager at Tentho.

We’ve distributed all that heavy work from the end of the month throughout it, which made our lives a lot easier. Now that we don’t have to wait, it saves us about two hours per client, easily.”

Edward Dick, Strategy and Finance Manager at Tentho

Synder’s ability to break down transactions with such precision has been a monumental step forward for Tentho, giving them clearer, more transparent financial records. This newfound granularity has streamlined their processes and helped them maintain cleaner books.

My process is simpler at the end of the month. As accountants, our end product is the P&L, balance sheet, and financial statements—and they have to be accurate. Synder has made that process so much easier.”

Edward Dick, Strategy and Finance Manager at Tentho

Tentho has found a way to go beyond the grind of monthly updates, embracing efficiency and precision to unlock greater potential for their business. And your company can do that too. 

The power of automation: 30 minutes saved per client 

The changes don’t stop there. Synder made PayPal, often dreaded by accountants as one of the trickiest platforms to reconcile, a breeze for Tentho. By automating the PayPal integration alone, Tentho saves an impressive 30 minutes per client every month—all while seamlessly consolidating financial data from multiple payment platforms.

Synder takes the headache out of reconciliation by integrating with over 30 ecommerce and payment platforms, including PayPal, Stripe, Shopify, and Amazon, all within one unified system and automatically syncing sales data in real time to the accounting software. For Tentho, that was the breakthrough they needed to shift their focus more to advisory and strategic services, rather than just entering and checking the numbers. 

The integration process is simple and pretty self-explanatory,” Edward shared. “It even has helpful tips, like little buttons that guide you—‘if this is invoices, link it to Accounts Receivable. Super useful.”

With Synder, reconciliation has gone from stressful to seamless, giving Tentho more time to focus on what truly matters: helping their clients thrive.

Empowering accountants to focus on what matters most

Tentho no longer needs to spend hours reconciling transactions, which saves them approximately two hours per client every month. As a result, it can offer more robust services, such as in-depth financial analysis, strategic advising, and offering clients tailored insights to drive business growth, without increasing operational costs. 

Thanks to Synder, we can make business decisions quicker, and with more confidence, because we know that the data is more reliable and up to date. We can deliver more detailed information to the client—more advice, more guidance. We can lean less towards the data entry and more into streamlining the financial side of the business.”

Edward Dick, Strategy and Finance Manager at Tentho

Conclusion

Tentho’s story illustrates a pivotal truth: automation is no longer a luxury but a necessity for modern accounting firms. By adopting Synder, Tentho has not only reclaimed countless hours previously lost to manual reconciliation but also earned the capacity to provide more higher-value services. As Edward Dick puts it, Synder offers more than just automation; it provides the clarity needed to make smarter business decisions, faster through access to real-time information and elimination of manual multi-step reporting.

For any accounting firm looking to break free from the inefficiencies of traditional reconciliation, Tentho’s transformation offers a roadmap to success. The question isn’t if automation can help—it’s when you’ll choose to take that next step forward. With solutions like Synder, the transition is seamless, and the rewards are plentiful and undeniable.

Want to free up time and money in your accounting team?

Tentho reclaimed over 10 hours monthly by implementing Synder’s automated solution. If you want to achieve the same for your accounting firm, sign up for Synder’s 15-day free trial or join our free demo to explore real-time data sync and seamless integrations. 

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like