Infor Performance Management Selected by Thailand’s Leading Shipping Company
Infor PM Business Process Applications to Provide Company-Wide Performance Analysis for Strategic Management, Planning, and Budgeting
Atlanta, GA, September 22, 2007 --(PR.com)-- Infor today announced that Thoresen Thai Agencies Public Company Limited (“TTA”), one of the largest and best managed public companies in Thailand, has selected Infor PM Business Process Applications (“BPAs”) to improve its strategic decision-making and performance analysis capabilities. Metro Infotech, an Infor partner based in Bangkok, is deploying the solution.
Infor PM BPAs are interoperable modules for Strategic Management, Planning and Budgeting, Forecasting, and Financial Consolidation. TTA is currently implementing phase one of the installation, Budgeting, which is slated to go live in September 2007. TTA selected Infor PM BPAs based on its ease of implementation, ease of use, and a rich feature set that includes Microsoft Office Excel integration, streamlined approval processes, and unique visualization capabilities. Prior to selecting the Infor solution, TTA relied on different processes and solutions which needed to be manually consolidated and it took time to analyze company-wide performance.
“We needed a single unified performance management solution that addressed our requirements, and one with a short implementation time,” said M.L. Chandchutha Chandratat, Managing Director of TTA.
Infor’s PM BPAs impressed Mr. Chandratat by easing the complexity of financial reporting and reporting processes, eliminating spreadsheet inaccuracies, and fulfilling regulatory compliance requirements. In addition, it will allow the company to meet their targets and objectives by creating and comparing “what if” scenarios.
Mr. Chandratat added, “Infor PM Business Process Applications will help our organization to align, optimize, and understand our organization’s performance – and ultimately increase our efficiency and productivity levels.”
“Thoresen Thai Agencies Public Company Limited is a leader in a highly competitive, global industry,” said Mr. Yongyut Srivantaneeyakul, Metro Infotech’s Managing Director. “Through our partnership with Infor, we can quickly deliver a unified performance management solution that will keep them ahead of the competition.”
Infor PM is designed for companies in all industries that seek to better monitor, measure, and manage their business performance in real time for improved competitive advantage. Companies of all sizes use Infor PM to leverage the full value of their business-critical information and generate a fast return on investment. Infor delivers solutions for performance management with industry experience built in backed by a global, financially stable company in the market.
About Thoresen Thai Agencies Public Company Limited
TTA is among the fifty largest publicly listed companies in Thailand and has been in business since 1904. With more than 100 subsidiaries around the world owning 45 general cargo and dry bulk vessels, 4 offshore service vessels, and 2 tender drilling rigs, TTA was named one of the 200 best listed companies in Asia with revenues under US $1 billion from Forbes Asia magazine. And in 2005, TTA won the Best Performance Award in the Service Industry category from the Stock Exchange of Thailand. The Best Performance Award is given to listed companies in each of the eight industry groups with the best financial status and performance during the previous year, proper compliance with information disclosures, and liquidity of their shares. For more information, visit http://www.thoresen.com.
About Metro InfoTech
Metro InfoTech (MIT) is a subsidiary company of Metro Systems Corporation Public Company Limited (MSC). With over 10 years of experienced team in Financial and Various kinds of Business Industries, our specialty is in the delivery of World-Class Enterprise Resource Planning System (ERP) and Business Performance Management System (BPM) and System Integration (SI) to advances the Competitive Advantage of our customers. MIT enables businesses of all sizes and in several industries to accommodate the business gain and rapid growth in Thailand and Southeast Asia. For additional information, visit www.metrosystems.co.th or www.metroinfotech.co.th.
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 www.infor.com.
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Infor PM BPAs are interoperable modules for Strategic Management, Planning and Budgeting, Forecasting, and Financial Consolidation. TTA is currently implementing phase one of the installation, Budgeting, which is slated to go live in September 2007. TTA selected Infor PM BPAs based on its ease of implementation, ease of use, and a rich feature set that includes Microsoft Office Excel integration, streamlined approval processes, and unique visualization capabilities. Prior to selecting the Infor solution, TTA relied on different processes and solutions which needed to be manually consolidated and it took time to analyze company-wide performance.
“We needed a single unified performance management solution that addressed our requirements, and one with a short implementation time,” said M.L. Chandchutha Chandratat, Managing Director of TTA.
Infor’s PM BPAs impressed Mr. Chandratat by easing the complexity of financial reporting and reporting processes, eliminating spreadsheet inaccuracies, and fulfilling regulatory compliance requirements. In addition, it will allow the company to meet their targets and objectives by creating and comparing “what if” scenarios.
Mr. Chandratat added, “Infor PM Business Process Applications will help our organization to align, optimize, and understand our organization’s performance – and ultimately increase our efficiency and productivity levels.”
“Thoresen Thai Agencies Public Company Limited is a leader in a highly competitive, global industry,” said Mr. Yongyut Srivantaneeyakul, Metro Infotech’s Managing Director. “Through our partnership with Infor, we can quickly deliver a unified performance management solution that will keep them ahead of the competition.”
Infor PM is designed for companies in all industries that seek to better monitor, measure, and manage their business performance in real time for improved competitive advantage. Companies of all sizes use Infor PM to leverage the full value of their business-critical information and generate a fast return on investment. Infor delivers solutions for performance management with industry experience built in backed by a global, financially stable company in the market.
About Thoresen Thai Agencies Public Company Limited
TTA is among the fifty largest publicly listed companies in Thailand and has been in business since 1904. With more than 100 subsidiaries around the world owning 45 general cargo and dry bulk vessels, 4 offshore service vessels, and 2 tender drilling rigs, TTA was named one of the 200 best listed companies in Asia with revenues under US $1 billion from Forbes Asia magazine. And in 2005, TTA won the Best Performance Award in the Service Industry category from the Stock Exchange of Thailand. The Best Performance Award is given to listed companies in each of the eight industry groups with the best financial status and performance during the previous year, proper compliance with information disclosures, and liquidity of their shares. For more information, visit http://www.thoresen.com.
About Metro InfoTech
Metro InfoTech (MIT) is a subsidiary company of Metro Systems Corporation Public Company Limited (MSC). With over 10 years of experienced team in Financial and Various kinds of Business Industries, our specialty is in the delivery of World-Class Enterprise Resource Planning System (ERP) and Business Performance Management System (BPM) and System Integration (SI) to advances the Competitive Advantage of our customers. MIT enables businesses of all sizes and in several industries to accommodate the business gain and rapid growth in Thailand and Southeast Asia. For additional information, visit www.metrosystems.co.th or www.metroinfotech.co.th.
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 www.infor.com.
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Kayla Eubanks
404-601-3660 x 112
www.infor.com
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