“Dynac out-hyperions [performs] Hyperion at a fraction of the price in a fraction of the implementation time. They provide CFOs and business owners dynamic visibility into the financial health of their enterprise!”
“The key piece starts with your existing trial balance. Dynac lets you forecast at the trial balance level. Then, it consolidates all your individual entities. It's largely agnostic to the platform that you operate your accounting system. You can have a global company with four or five accounting software products, and there's a way to pull all the information into Dynac. You no longer need to have a consistent ERP platform, which is beneficial after an acquisition.”
“No longer do we have to manually check the validity of our data as Dynac provides end-to-end guaranteed integrity. We now have a powerful forecasting tool that allows us to run the business with confidence in the data we analyze. As an added benefit, we leveraged Dynac’s accounting application knowledge and jointly developed a custom module to replace a problematic Excel process, which reduced our financial close process by five days per month.”
“I don't want a customer that's emerging from financial difficulties to spend money unnecessarily. Dynac is a good investment and will save money. The ability to analyze trends and have better inventory control means, if nothing else, they’ll save interest on operating loans and within two years, pay for itself.”
“When you dig into the details of the functionality, you'll be surprised what Dynac is capable of doing at such a fair price. I have multiple selling channels and can easily split my data and budget between those channels and between locations based on the queries I've written.”
“I might be working partially in Excel, partially in Simply, or some other financial package, and Dynac can help me pull it all together. I can actually access financial statements that show my budget year-to-date, my actuals, and my comparison.”
“When I was in my former business, we had two European companies and one in the U.S. So we had to bring in U.S. dollar financials and Euro financials and be able to translate them. It was traditionally done on Excel, making a lot of work and taking many hours. I talked to Gary, and he built the exchange module. We tested it out. It was so robust! My controller no longer had to spend half a day pulling the translations together. I hit a button, and we were done within 15 minutes.”
“The reporting is very nice. It’s easy to read. Easy to create reports. And you can capture the information you need.”
“I continue to be amazed that Dynac can deliver where the big ERP applications cannot! Cash is king, and cash flow is the life-blood of all businesses. Dynac leveraged the Epicor system and delivered Cash Flow Forecast and Projected Income Statement functionality on time and on budget.”
“Accurate forecasting is critical for management in production planning and capacity planning. Dynamic Cash Flow Forecasts allow for improved purchasing and investment decisions. I can now create forecasts with incredible accuracy and speed. With Dynac, we achieved a 90% improvement in forecast processing time, dramatically reduced from forty hours down to four hours!”
“Not only did we see an ROI on the Dynac acquisition within six months, but we also see ongoing dividends from Dynac in terms of concrete business value. The savings in human resources alone to complete the Canadian GAAP to IFRS Conversion, without having to hire additional senior staff or external consultants for that project, covered not only the cost of the Dynac software but also the implementation costs to go live with the parallel Dynac systems. Now each month, HPS continues to reap the benefit of the Dynac investment on a variety of fronts, including dynamic reporting, Excel integration, and data mining across systems.”
“We’ve always closed our month-ends quickly. But since we’ve purchased Dynac, we’ve acquired three international companies, and from that perspective, we’re saving even more time and money with every month-end consolidation process. Added benefits include having a wealth of additional information at our fingertips: tax calculation reports, automatic elimination process, and currency translations with special rates. As a result, less costly personnel can complete what were once extremely complicated processes allowing senior talent at HPS to focus on growing a profitable company with timely analysis.”
“Dynac’s user-friendly financial reporting tools provide a comprehensive package that we can tailor for our financial team and our department managers. Within nine months, we realized significant time-savings in the budgeting process because Dynac is synchronized with our accounting system for real-time data. By using their secure multi-user portal, all our department managers participate in the budget processes, including new reports for staffing, capital, and training requests. The managers have online access to their actual results, complete with drill-down to transaction details and variance to budget. Rama experienced a 66% reduction in our inputting cost in our first budget iteration when fine-tuning the numbers for approval by Chief and Council.”
“With the addition of several entities, our team was looking to reduce the complexity of our Excel processes and increase integrity while accelerating the financial closing processes without an increase in staffing. Dynac delivered, as promised, on time and on budget, and the success of our year-end audit proved that we made the right decision. Our auditors were suitably impressed with the integrity of the working paper data. We continued to realize the benefits of Dynac with each successive quarterly review and year-end audit. Processes that took hours are now completed in minutes with built-in integrity. The process for Elimination Journal entries (most challenging in Excel) is now automated and requires significantly less review. Currency Translations are also automated and based on GAAP Temporal Standards (something that we could not do in Excel), including Special Rates. Dynac even provides audit reports, including automatic lead sheets and currency translation for internal and auditor review.”
“It is a well-recognized fact that the weakest part of any software reseller is support. It is truly the strength of the Dynac team. The phone is answered by a real person. The problem is dealt with immediately. Financial reporting is integral to our business; we cannot afford down-time. I have had zero downtime from Dynac.”