Syniti and Cognizant Partner to Deliver Improved Data Transformation

Rhea-AI Summary

Syniti and Cognizant have established a strategic alliance to enhance data transformation for customers migrating to SAP S/4HANA. This partnership will leverage Syniti's Knowledge Platform (SKP), streamlining data migration processes. According to IDC, organizations utilizing Syniti's solutions can expect a 46% faster migration, with a projected 314% ROI over three years, equating to an annual benefit of $4.16 million. This collaboration aims to reduce complexities in data migration, enabling clients to realize business value more effectively.

Positive

• Strategic alliance expected to improve data transformation efficiency.
• 46% faster data migration reported using Syniti's SKP.
• Projected 314% return on investment (ROI) over three years.
• $4.16 million average annual benefit for organizations.

Negative

• None.

Strategic alliance will help drive joint customers' migrations to SAP S/4HANA®

BOSTON, Dec. 15, 2022 /PRNewswire/ -- Syniti, a global leader in enterprise data management, and Cognizant today announced a strategic alliance agreement between the two companies. Syniti will be Cognizant's solution provider of choice for data transformation delivery in driving customers' migrations to SAP S/4HANA®.

Cognizant leverages SAP® Signavio® solutions to accelerate business process transformation for customers as they move to SAP S/4HANA. Syniti's data management software, the Syniti Knowledge Platform (SKP) speeds migration to SAP S/4HANA by streamlining data transformation. As Cognizant expands its relationship with SAP, Syniti is serving as a core component to drive more data-led digital transformation and help clients realize business value.

Sold as SAP Advanced Data Migration and Management software by Syniti, SKP is data migration and integration software used by enterprises to migrate to SAP S/4HANA, SAP SuccessFactors® solutions, SAP Ariba® solutions and other SAP applications. The software delivers complete, accurate, business-ready data while facilitating team collaboration, orchestration and process visibility across complex application and data migration projects to help reduce friction and improve program efficiency and effectiveness.

According to IDC, customers using SAP Advanced Data Migration and Management experience a 46% faster data migration for their transformations based on SAP S/4HANA. They also see a 314% three-year return-on-investment (ROI) and an annual average benefit of $4.16 million per organization.

Kevin Campbell, CEO, Syniti, said: "A massive need for data transformation underpins every digital transformation, but this process is too often time-consuming and complex. This doesn't have to be the case. Building on Cognizant's track record and extensive capabilities, we're bringing Syniti's data transformation expertise to our joint customers to deliver more value, faster and more efficiently."

Rob Vatter, executive vice president, Cognizant Enterprise Platform Services, said: "Customers are grappling with a host of manual processes when it comes to data migration, which slows down their move to SAP S/4HANA and holds them back from realizing the full value. Working with SAP Signavio solutions and Syniti, we're accelerating this timeline for our customers, ensuring a successful digital transformation that's more efficient and provides a bigger return on investment more quickly." 

About Syniti 
Syniti solves the world's most complex data challenges by uniquely combining intelligent, AI-driven software and vast data expertise to yield certain and superior business outcomes. For over 25 years, Syniti has partnered with the Fortune 2000 to unlock valuable insights that ignite growth, reduce risk and increase their competitive advantage. Syniti's silo-free enterprise data management platform supports data migration, data quality, data replication, master data management, analytics, data governance, and data strategy in a single, unified solution. Syniti is a portfolio company of private equity firm Bridge Growth Partners LLC. Read more at www.Syniti.com.

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

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SOURCE Syniti

FAQ

What is the strategic alliance between Syniti and Cognizant about?

The alliance focuses on enhancing data transformation delivery for customers migrating to SAP S/4HANA.

How does the Syniti Knowledge Platform (SKP) aid in data migration?

The SKP streamlines data transformation, improving efficiency and collaboration during migrations to SAP S/4HANA.

What ROI can companies expect from using Syniti's solutions?

Companies can expect a projected 314% ROI over three years when using Syniti's data migration solutions.

When was the alliance between Syniti and Cognizant announced?

The alliance was announced on December 15, 2022.

What are the benefits of using Syniti's data migration solutions?

Organizations experience a 46% faster migration and an average annual benefit of $4.16 million.