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Financial Planning & Analysis 2022
Which Vendor Is Helping Organizations Make the Most of Their Technology?
Author
Niel Oscarson
Author
Emily Paxman
Author
Jaren Day
Healthcare organizations are taking a new approach to planning and budgeting—moving away from static yearly budgets set by a financial team toward an agile, rolling approach that leverages data from multiple sources and involves non-finance personnel. This report provides an introduction on the two main financial planning and analysis vendors that organizations are using to support this change—Strata Decision Technology and Syntellis Performance Solutions. The following pages share customer insights on the solutions’ functionality and integration and how well the vendors help customers adopt tools to meet their budgeting needs.
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Key Findings:
- Strata’s Strong Relationship Managers Foster Deep Solution Adoption
- Syntellis Customers’ Deep Adoption of Operational/Short-Term Budgeting Improves Efficiency and Insights; More Support Needed for Broader Adoption
- Strata Customers Achieving Broader Integration with Key Systems; Syntellis Lags Behind, Limiting Impact on Effective Planning
- Syntellis Performs Best for Larger Organizations; Smaller Strata Customers Are the Most Satisfied Overall
Writer
Elizabeth Pew
Designer
Jess Wallace-Simpson
Project Manager
Ethan Lui
This material is copyrighted. Any organization gaining unauthorized access to this report will be liable to compensate KLAS for the full retail price. Please see the KLAS DATA USE POLICY for information regarding use of this report. © 2024 KLAS Research, LLC. All Rights Reserved. NOTE: Performance scores may change significantly when including newly interviewed provider organizations, especially when added to a smaller sample size like in emerging markets with a small number of live clients. The findings presented are not meant to be conclusive data for an entire client base.