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Infor enhances performance management apps

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Infor has 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 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% faster processing 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.
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.