Synatic is a data automation platform that integrates ETL, API management, and data warehousing to streamline data processes across disparate systems. It addresses challenges such as data quality, integration between siloed applications, and the need for real-time access to accurate information in the insurance industry.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ESUVFounders
Product
Problem
Many organizations struggle with data silos, inconsistent data quality, and the complexities of integrating disparate systems, hindering their ability to gain real-time insights and automate critical processes. This is especially true in the insurance industry, where legacy systems and diverse data sources create significant integration challenges.
Solution
Synatic offers a data automation platform that combines ETL (Extract, Transform, Load), API management, and data warehousing capabilities to streamline data processes. The platform enables businesses to integrate data from various sources, cleanse and deduplicate information, and automate data workflows. Synatic's solutions are designed to provide better data visibility, improve data quality, and facilitate real-time access to accurate information, particularly for agencies, carriers, MGAs, and insurtech companies. By centralizing data and automating key processes like commission reconciliation and CRM integration, Synatic empowers businesses to make data-driven decisions and improve operational efficiency.
Target Audience
Synatic primarily targets agencies, carriers, MGAs, and insurtechs within the insurance industry, as well as credit unions, real estate firms, and wealth management companies seeking to streamline data processes and improve data quality.
Features
- Hybrid Integration Platform combining ETL, API Management, and Data Warehousing
- Pre-built connectors for various systems, including AMS, CRM, and financial systems
- DataFix solution for data cleansing, standardization, and deduplication
- AutoDB Commission for automating commission calculations and statement access
- AgencySync for bi-directional data flow between AMS and CRM systems
- CommRecon for automated reconciliation of direct bill commission payments
- Data Warehouse for centralizing data and generating custom reports
- Role-based access control