Sypnio is a new ISV focused on ACA reporting for Microsoft Dynamics GP payroll
If you are using Microsoft Dynamics GP to process payroll in-house in the US, a newly formed company, Sypnio Software LLC, wants to offer you a way to comply headache-free with upcoming IRS employee tracking and reporting requirements as mandated by the Affordable Care Act (ACA).
Based in Joliet, Ill., Sypnio has its roots in a product developed at InterDyn LANAC Technology, the Microsoft partner based in Chicago that developed ACA Reporting for Microsoft Dynamics GP and launched it in February 2014.
Sypnio's owner, Helen Karakoudas, had worked as a consultant with the ACA research and reporting team at LANAC. She recently bought the rights to the ACA-compliance software from LANAC and formed the independent company to support and further develop the product. And she's made the business a family affair. Her husband, Ernie Redfern works as the senior consultant, and her daughters are helping as well.
LANAC sold the rights to the ACA-compliance software to Sypnio so those companies that were interested in this compliance software would be dealing with a company that exists mainly to ensure that the software is modified to be in compliance with changes in the Affordable Care Act, said Dale May, president and CEO of LANAC Technology, in a blog post.
The company name (pronounced SIP-nee-oh) comes from the Greek word for "smart" and "sharp-witted." Karakoudas says that her company is focusing on client support and product development, guided by a focus on responsiveness. That means Sypnio will focus only on customizations for payroll processing and, in particular, on enhancements to its software for ACA compliance and ACA business intelligence.
"We see the need for nurtured evolution ...
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