Infor Helps Green Energy Supplier Accelerate Monthly Settlements
Oekostrom Expects Massive Cost Savings by Automating Core Business Process Steps With Infor Performance Management
Atlanta, GA, August 02, 2007 --(PR.com)-- Infor announced today that Oekostrom AG, one of Austria’s leading power suppliers in the field of alternative energy, is live on Infor Performance Management (PM) Business Specific Analytics (BSAs) and expects massive cost savings up to 100,000 EUR within the next six months. Infor enables Oekostrom to speed up monthly settlements by more than one week by automating core processes including debts consolidation and standardized accounting. In all, it took Oekostrom only 12 days to implement the solution.
Oekostrom is a leading power supplier that exclusively produces and offers green power to their customers. Its service portfolio includes the building and operation of plants for the use of renewable energy sources as well as services in the business segment of energy saving.
Previously, Oekostrom consolidated data with Microsoft Excel. The collection and reporting of business-critical information involved in the manual integration of multiple spreadsheets resulted in enormously growing complexity and was often prone to human error. Continuous growth made the company look for a flexible, comprehensive solution to eliminate steps in the process by automating manual tasks.
“We chose Infor because its integrated and pre-packaged PM solutions deliver the business-specific functionality we require to substantially reduce time spent on planning and budgeting. This has already resulted in tremendous cost savings and enabled us to more quickly bring in outstanding revenue of nearly 100,000 EUR,” underlines Michael Pierer, Senior Executive and President Finance, Controlling and IT at Oekostrom.
Through the implementation of an integrated and efficient PM platform Oekostrom now benefits from increased usability and enhanced data quality. Infor provides Oekostrom with a unified and centralized database for planning and reporting, providing an integrated, single view of all key performance indicators such as kilowatt hour management.
“Infor’s business-specific solutions meet the unique requirements of a supplier of green energy,” said Hermann Stehlik, Vice President Marketing EMEA. “Based on the flexible Infor PM solution, Oekostrom is now able to continuously align budgets and actual results, enabling the company to rapidly adapt to changes of the marketplace.”
Infor PM BSAs, part of Infor’s suite of software for performance management, provide role-specific analytics to help companies address issues distinct to their business. For areas such as accounts payable, receivables, sales, inventory and general ledger, Infor’s analytics solutions provide pre-defined metrics and reporting capabilities that make managers more effective at evaluating data, making insights and taking decisive action on trends. Infor PM BSAs are embedded in the applications, providing users with powerful analysis tools that are integrated with their existing data and systems. In addition to providing business users with more meaningful information to run their business, Infor PM BSAs help to reduce the time and cost of delivering solutions.
About Oekostrom
Headquartered in Vienna, Austria, Oekostrom AG plants and operates facilities for use of renewable energy resources. As an independent power supplier Oekostrom gives the opportunity to their customers providing their households or businesses with one hundred percent green electricity. With its subsidiary oekoplan Energiedienstleistungen GmbH the company also operates in the business area of energy saving. Detailed information is available at http://www.oekostrom.at.
About Infor
Infor delivers business-specific software to enterprising organizations. With experience built in, Infor’s solutions enable businesses of all sizes to be more enterprising and adapt to the rapid changes of a global marketplace. With more than 70,000 customers, Infor is changing what businesses expect from an enterprise software provider. For additional information, visit http://www.infor.com.
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Oekostrom is a leading power supplier that exclusively produces and offers green power to their customers. Its service portfolio includes the building and operation of plants for the use of renewable energy sources as well as services in the business segment of energy saving.
Previously, Oekostrom consolidated data with Microsoft Excel. The collection and reporting of business-critical information involved in the manual integration of multiple spreadsheets resulted in enormously growing complexity and was often prone to human error. Continuous growth made the company look for a flexible, comprehensive solution to eliminate steps in the process by automating manual tasks.
“We chose Infor because its integrated and pre-packaged PM solutions deliver the business-specific functionality we require to substantially reduce time spent on planning and budgeting. This has already resulted in tremendous cost savings and enabled us to more quickly bring in outstanding revenue of nearly 100,000 EUR,” underlines Michael Pierer, Senior Executive and President Finance, Controlling and IT at Oekostrom.
Through the implementation of an integrated and efficient PM platform Oekostrom now benefits from increased usability and enhanced data quality. Infor provides Oekostrom with a unified and centralized database for planning and reporting, providing an integrated, single view of all key performance indicators such as kilowatt hour management.
“Infor’s business-specific solutions meet the unique requirements of a supplier of green energy,” said Hermann Stehlik, Vice President Marketing EMEA. “Based on the flexible Infor PM solution, Oekostrom is now able to continuously align budgets and actual results, enabling the company to rapidly adapt to changes of the marketplace.”
Infor PM BSAs, part of Infor’s suite of software for performance management, provide role-specific analytics to help companies address issues distinct to their business. For areas such as accounts payable, receivables, sales, inventory and general ledger, Infor’s analytics solutions provide pre-defined metrics and reporting capabilities that make managers more effective at evaluating data, making insights and taking decisive action on trends. Infor PM BSAs are embedded in the applications, providing users with powerful analysis tools that are integrated with their existing data and systems. In addition to providing business users with more meaningful information to run their business, Infor PM BSAs help to reduce the time and cost of delivering solutions.
About Oekostrom
Headquartered in Vienna, Austria, Oekostrom AG plants and operates facilities for use of renewable energy resources. As an independent power supplier Oekostrom gives the opportunity to their customers providing their households or businesses with one hundred percent green electricity. With its subsidiary oekoplan Energiedienstleistungen GmbH the company also operates in the business area of energy saving. Detailed information is available at http://www.oekostrom.at.
About Infor
Infor delivers business-specific software to enterprising organizations. With experience built in, Infor’s solutions enable businesses of all sizes to be more enterprising and adapt to the rapid changes of a global marketplace. With more than 70,000 customers, Infor is changing what businesses expect from an enterprise software provider. For additional information, visit http://www.infor.com.
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www.infor.com
Kayla Eubanks
404-601-3660 x 112
www.infor.com
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