SYNERGY
A Solution for Effective Project Management
Do these challenges sound familiar?
The project manager lacks a full financial picture, while the finance team spends hours in Excel
The project manager is forced to make decisions based on outdated or incomplete manually consolidated data. They can’t clearly see which costs have already been incurred, how much budget remains, whether limits have been exceeded, or where the real financial risks lie.
At the same time, the finance department spends hours manually consolidating data from dozens of sources and currencies in Excel. This not only slows down processes but also creates serious risks of reporting errors.
SYNERGY eliminates manual work, unifies real-time data, and gives the project manager a clear understanding of the project’s financial status.
Exchange rate differences complicate financial reporting
Managing transactions in multiple currencies introduces additional complexity, especially when it comes to calculating and reflecting exchange rate differences. Without an automated solution to handle these processes, inaccuracies often arise in key financial statements such as the P&L and balance sheet, making it difficult to perform timely and accurate analysis of the company’s true financial position.
Standard SAP Business One lacks robust multi-currency project accounting
SAP Business One is a reliable ERP system, but its standard functionality falls short for companies managing projects involving transactions in multiple currencies. The out-of-the-box version does not provide flexible tools for:
- Maintaining project budgets in a selected currency
- Tracking expenses with real-time exchange rate adjustments
- Analyzing project profitability in the relevant currency
- Comparing planned versus actual financial performance
These limitations make it difficult to effectively manage projects, particularly for companies working with international clients, suppliers, or external funding.
The SYNERGY add-on was specifically developed to address these gaps — enhancing SAP Business One with advanced tools for multi-currency project accounting and financial analytics.
How does SYNERGY solve these challenges?
View each project's P&L, costs, and profitability — without Excel or manual reconciliations
Budgeting, plan-vs-actual analysis, and financial risk monitoring — all visualized in real time
Automated multi-currency accounting with real-time exchange rate adjustments
Full control over project budgets, expenses, and financial planning — giving managers a clear, reliable view instead of relying on manually compiled spreadsheets
The perfect solution for project-based companies
Companies managing international projects
If your company carries out projects in cooperation with foreign clients or contractors, you need to work daily with multiple currencies, exchange rates, and jurisdictions.
SYNERGY is designed specifically for these tasks — it provides full financial control over international projects, automates multi-currency accounting, tracks exchange rate differences, and delivers a real-time financial overview of the project without relying on Excel or risking errors.
Businesses reporting in both base and functional currencies
Many companies are required to maintain reporting simultaneously in their base (national) currency and functional (usually foreign) currency. SYNERGY enables automatic generation of financial reports (P&L, balance sheet) in any required currency, significantly simplifying audit processes and documentation submission.
Companies already using SAP Business One and seeking more
SYNERGY is a deep functional extension of SAP Business One, specifically designed for multi-currency management, exchange rate handling, and financial control within projects. It operates directly within the SAP B1 environment, without the need for additional external systems or complex integrations. If you require advanced analytics, financial planning, and multi-currency reporting, SYNERGY delivers all these tools in a user-friendly, familiar interface.
— About
DIGITAL BUSINESS SOLUTIONS —
SAP Experts
18+
years of automation experience
100+
successful implementations
- Our team of certified SAP consultants operates across Europe.
- Our approach: deep understanding of the client’s business combined with tailoring SAP to specific needs.
18+
years of automation experience
100+
successful implementations
Why Choose SYNERGY
time saved on reporting
Trusted by Leading Companies
— FAQ
SYNERGY: Answers to Every CFO’s Questions
Who is SYNERGY designed for?
SYNERGY is specifically designed for small and medium-sized project-based companies already using SAP Business One and working with international clients, suppliers, or contractors.
The add-on is ideal for companies that:
- manage project budgets in multiple currencies;
- handle contracts and projects outside of Ukraine;
- conduct financial planning, procurement, payments, and reporting in various currencies.
Our clients include engineering, construction, manufacturing, service, and distribution companies that require centralized control over project costs, budgets, and profitability in a multi-currency environment.
What business challenges does SYNERGY solve?
SYNERGY addresses several critical challenges:
- Exchange rate volatility and difficulties in financial planning
- Risk of profit loss due to inaccurate currency revaluation
- Heavy workload for the finance team during month-end closing
- The solution automates currency conversions, enables cash flow forecasting in multiple currencies, and generates multi-currency reports with a single click.