We understand that Analytics powered by Syft and Syft Analytics sound similar. In many ways they are similar. However, these are two different products - one can be found within Xero (on certain plans) and the other is its own product, Syft. Let's unpack what this means.
What is Analytics powered by Syft?
Analytics powered by Syft is a new feature set contained within Xero that allows certain Xero users to take their data further with beautiful graphs and insights powered by Syft. As it is still in an early release phase, only certain Xero customers on certain plans and in certain regions will have access to Analytics powered by Syft.
The most important thing for you to remember here is that this is a Xero feature set - not something that you will find on Syft Analytics.
Here's a video to give you a sense of Analytics powered by Syft:
💡 Pro Tip
Analytics powered by Syft is currently in an early access stage. Additional features and capabilities are coming soon.
What you need to know 🧐
Analytics powered by Syft provides you with enhanced insights into your financial data, from profitability to KPIs and cash. With these tools, you can:
Display customizable graphs and insights
Filter tracking categories – for example, by location or revenue stream
Show basic and advanced reporting date ranges to suit your needs
Adjust color themes
Add an organization logo to brand your reports
Identify trends, top transactions, and contacts
Export graphs as PDF or Excel sheets
Share graphs over email, Slack, WhatsApp, or Microsoft Teams
Change your reporting currency
If you have queries about getting access to Analytics powered by Syft on your Xero account, please contact Xero support.
What is Syft Analytics?
Syft Analytics is a financial reporting and data analytics tool that allows to create and collaborate on beautiful financial reports, dashboards, forecasts, and consolidations in real-time. Syft integrates with various accounting software providers, such as Xero, QuickBooks Online, and Sage, with the option to connect data via a trial balance or transaction list upload. In other words: Syft is something that you add on top of your accounting package to take the data to the next level.
While a lot of the features in Analytics powered by Syft may look similar to the features in Syft Analytics, Syft Analytics provides a more advanced array of features including forecasting, budgeting, financial statements, and more. Plus, it's a completely different product.
Here's a quick walkthrough of the product:
For more questions about making the most out of Syft, please contact your account manager.
Closing thoughts
Syft Analytics can be used by anyone and connects all kinds of data sources.
Analytics powered by Syft contains simplified versions of some of Syft's tools, such as visualizations, and can only be used by someone with a Xero account.