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Real-time Budgets for Procurement with Sysynkt

May 4, 2025

At Sysynkt, we’re constantly pushing the boundaries of process automation and financial clarity. We’re proud to announce the a major update to our live budget checking functionality, empowering finance and procurement teams to make informed decisions, faster.

Budget checking is a critical part of the procure-to-pay (P2P) lifecycle, and waiting for manual reports or batch updates simply doesn’t cut it anymore. With Sysynkt’s latest update, users can now check budget availability in real-time, directly against the actuals, commitments, and budgets held in SunSystems®.

This new functionality - what we call “Actual Actuals” - gives users an immediate and accurate picture of spend, with live commitment postings, reversals, and GRNNI fully reflected in their budget position. No guesswork, no delays - just clear, actionable insights at the moment of decision.

True Real-Time vs. Lagging Legacy

Unlike many competitor systems that rely on static, separate budget ledgers - where spend data and budgets are stored in isolation and synced only periodically - Sysynkt integrates directly with your live financial data. That means no more outdated figures or inaccurate comparisons. Your budget position is always in sync with what’s actually happening.

Even more uniquely, Sysynkt posts commitments and accruals directly to the ledger during processing, eliminating the need for month-end estimation, manual reporting, or delayed postings. Competitor platforms often require finance teams to generate manual reports at period-end and perform manual journal entries to reflect outstanding commitments or accruals. With Sysynkt, it’s already done, accurately and in real time.

By integrating live data flows into our procurement module, Sysynkt helps businesses tighten controls, reduce overspend, and streamline compliance, all without leaving the platform.

Experience the difference with Sysynkt.
Contact us today to discover how real-time budget visibility can transform your financial operations.

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