Infor Enhances Performance Management Applications for Planning, Budgeting and Financial Consolidation
Atlanta, GA, December 10, 2007 --(PR.com)-- Infor today announced enhancements to Infor PM Financial Consolidation and Infor PM Planning and Budgeting, Business Process Applications (BPAs) that are part of the Infor PM 10 suite of integrated Performance Management (PM) software solutions. The new features and enhancements help improve decision-making and reduce the amount of time spent on business processes, enabling financial professionals to more effectively execute critical activities that impact profitability.
Infor PM 10 is a complete PM suite that integrates applications and analytics on a single, secure database. The suite combines BPAs, software applications for finance and other departments, and Business Specific Analytics (BSAs), which help companies address role-specific line-of-business issues. Infor PM 10 software components are available standalone to address specific needs, with the option to add additional capabilities as business needs evolve.
Infor PM Financial Consolidation
Infor PM Financial Consolidation is a BPA that enables companies to streamline and control the entire process of submitting, validating, consolidating, and reporting financial data, and creates a single view of financial information from disparate departments and global subsidiaries. The solution includes support for GAAP, IFRS and local statutory requirements.
Key enhancements in Infor PM Financial Consolidation include:
- Robust automated consolidation capabilities – the software determines efficient consolidation paths, via full or incremental consolidations, based on data status; this enables last minute changes to be incorporated quickly, and rapidly reduces the time to run a consolidation request – up to 73 percent faster based on internal benchmarking.
- Complex group accounting improvements – built-in consolidation methods for complex corporate relationships, such as units owned by more than one parent, to calculate ownership automatically.
- Better insight into consolidation – status monitor allows controllers to visually track web journals and the impact on a company’s overall consolidation.
"We have activities around the globe and it is important that we have an efficient way of consolidating data quickly and efficiently. Having worked closely with Infor to make improvements to consolidation, Smiths looks forward to substantial benefits achievable with Infor PM 10,” said John Williams, financial systems manager at Smiths Group, a global technology company and an early adopter of the latest release of Infor PM Consolidation. “Infor PM is helping us to standardize the way our finance function looks at and reviews our financial data, both at group and divisional levels. Since the introduction of Infor PM at Smiths we have reduced our close cycle by two days."
Infor PM Planning and Budgeting
Infor PM Planning and Budgeting is a BPA that helps companies identify trends that impact performance, test for multiple business scenarios, streamline the budgeting process, and reduce budget cycle times. The software enables companies to model their business by creating and testing “what if” scenarios that measure variables such as price, volume, capacity, customer profitability and other variables, and then make informed decisions in a collaborative environment. Results from the planning process can then be used for budgeting, forecasting, reporting, and analysis, helping companies create more realistic financial and operational plans. The software allows users to access data through familiar web-based and Microsoft Excel interfaces.
Infor PM Planning and Budgeting has enhanced its modeling capabilities with greater flexibility to access data sources. These new enhancements in Infor PM Planning and Budgeting include:
- More planning models – access to relational and OLAP data sources, so users can include more data in their models and gain a more accurate picture of future performance.
- Improved model management – the software synchronizes structure between two existing and similar models to reduce the time and effort required to move changes between test and production environments.
- No expertise required – users can create detailed modeling scenarios without having to know difficult query languages.
“Infor PM Planning has helped us better understand how changes in our business affect our strategic goals. We can model our business and analyze those models from different perspectives, like operational area, product, market, distribution channel, and time,” said Shaun Begley, new initiatives manager for Vodacom, the leading Pan-African cellular communications company. “The built-in functionality has allowed us to perform advanced modeling quickly, so we can spend more time on analysis to support our decision process.”
Infor is recognized as the leading PM software provider, enabling companies to monitor, measure and manage their business with greater efficiency and accuracy. Ventana Research recently ranked Infor as the top overall Performance Management vendor for the fourth consecutive time.
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 10 is a complete PM suite that integrates applications and analytics on a single, secure database. The suite combines BPAs, software applications for finance and other departments, and Business Specific Analytics (BSAs), which help companies address role-specific line-of-business issues. Infor PM 10 software components are available standalone to address specific needs, with the option to add additional capabilities as business needs evolve.
Infor PM Financial Consolidation
Infor PM Financial Consolidation is a BPA that enables companies to streamline and control the entire process of submitting, validating, consolidating, and reporting financial data, and creates a single view of financial information from disparate departments and global subsidiaries. The solution includes support for GAAP, IFRS and local statutory requirements.
Key enhancements in Infor PM Financial Consolidation include:
- Robust automated consolidation capabilities – the software determines efficient consolidation paths, via full or incremental consolidations, based on data status; this enables last minute changes to be incorporated quickly, and rapidly reduces the time to run a consolidation request – up to 73 percent faster based on internal benchmarking.
- Complex group accounting improvements – built-in consolidation methods for complex corporate relationships, such as units owned by more than one parent, to calculate ownership automatically.
- Better insight into consolidation – status monitor allows controllers to visually track web journals and the impact on a company’s overall consolidation.
"We have activities around the globe and it is important that we have an efficient way of consolidating data quickly and efficiently. Having worked closely with Infor to make improvements to consolidation, Smiths looks forward to substantial benefits achievable with Infor PM 10,” said John Williams, financial systems manager at Smiths Group, a global technology company and an early adopter of the latest release of Infor PM Consolidation. “Infor PM is helping us to standardize the way our finance function looks at and reviews our financial data, both at group and divisional levels. Since the introduction of Infor PM at Smiths we have reduced our close cycle by two days."
Infor PM Planning and Budgeting
Infor PM Planning and Budgeting is a BPA that helps companies identify trends that impact performance, test for multiple business scenarios, streamline the budgeting process, and reduce budget cycle times. The software enables companies to model their business by creating and testing “what if” scenarios that measure variables such as price, volume, capacity, customer profitability and other variables, and then make informed decisions in a collaborative environment. Results from the planning process can then be used for budgeting, forecasting, reporting, and analysis, helping companies create more realistic financial and operational plans. The software allows users to access data through familiar web-based and Microsoft Excel interfaces.
Infor PM Planning and Budgeting has enhanced its modeling capabilities with greater flexibility to access data sources. These new enhancements in Infor PM Planning and Budgeting include:
- More planning models – access to relational and OLAP data sources, so users can include more data in their models and gain a more accurate picture of future performance.
- Improved model management – the software synchronizes structure between two existing and similar models to reduce the time and effort required to move changes between test and production environments.
- No expertise required – users can create detailed modeling scenarios without having to know difficult query languages.
“Infor PM Planning has helped us better understand how changes in our business affect our strategic goals. We can model our business and analyze those models from different perspectives, like operational area, product, market, distribution channel, and time,” said Shaun Begley, new initiatives manager for Vodacom, the leading Pan-African cellular communications company. “The built-in functionality has allowed us to perform advanced modeling quickly, so we can spend more time on analysis to support our decision process.”
Infor is recognized as the leading PM software provider, enabling companies to monitor, measure and manage their business with greater efficiency and accuracy. Ventana Research recently ranked Infor as the top overall Performance Management vendor for the fourth consecutive time.
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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Contact
Kayla Eubanks
404-601-3660 x 112
www.infor.com
404-601-3660 x 112
www.infor.com
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