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Vietnamese Senior finance executives require a winning combination of agility and control. They need systems that not only capture financial data accurately but also empower strategic decision-making. This is where Infor EPM and Infor SunSystems come together as a dynamic duo, offering a powerful one-two punch for your finance function.
Table of Content
I. Enterprise Performance Management vs Financial Management
II. How Infor SunSystems and Infor EPM work together
Enterprise Performance Management vs Financial Management
While Infor SunSystems tackles core accounting tasks like general ledger, accounts payable/ receivable, and inventory management, providing a clear view of your financial health up to a year-end, Infor EPM takes things a step further. It empowers you with long-range planning and rolling forecasts, stretching beyond a single year to give the C-suite a forward-looking vision for up to five years or more. This enables strategic budgeting and proactive decision-making.
Before diving deeper into why Infor SunSystems and Infor EPM working together is such a winning combination, let’s have a quick look at what these solutions are.
Precision accounting with Infor SunSystems
Infor SunSystems forms the bedrock of this partnership. It's a comprehensive financial accounting management solution designed for the specific needs of international enterprises and fast-growing businesses. SunSystems delivers:
Robust functionality: Streamline core financial processes, from general ledger and accounts payable/receivable to project accounting and inventory management.
Real-time visibility: Gain a centralised, up-to-the-minute view of your financial health, ensuring informed decision-making.
Global reach: SunSystems caters to multinational operations with its multi-currency, multi-lingual capabilities, allowing you to navigate international markets with confidence.
Infor EPM: Transforming Data into Insights
Infor EPM builds upon the strong foundation of SunSystems by providing a next-level suite of functionalities. This empowers finance leaders to:
Effortless consolidation: Consolidate financial data seamlessly across subsidiaries and departments, saving valuable time and resources.
Strategic planning & budgeting: Build data-driven budgets and forecasts, enabling you to anticipate future scenarios and course-correct when necessary.
Advanced analytics: Leverage powerful reporting and analysis tools to identify trends, predict outcomes, and make data-driven decisions that propel your business forward.
Enhanced collaboration: Foster a collaborative environment where finance teams can share information and insights across departments, leading to better decision-making at all levels.
How Infor SunSystems and Infor EPM work together
The true magic lies in how Infor EPM and Infor SunSystems work together seamlessly. SunSystems provides accurate and detailed financial data, while Infor EPM transforms it into actionable insights.
1. Seamless Integration for Comprehensive Insights
One of the most significant advantages of combining Infor EPM and Infor SunSystems is the seamless integration between performance management and financial management. Infor EPM provides robust tools for planning, budgeting, forecasting, and analytics, while Infor SunSystems offers a flexible and powerful financial management system. Together, they ensure that data flows effortlessly across systems, providing comprehensive insights into financial performance and enabling more accurate and timely decision-making.
2. Enhanced Financial Planning and Analysis
Infor EPM's advanced financial planning and analysis capabilities are complemented perfectly by Infor SunSystems' detailed financial management features. This combination allows finance teams to create precise budgets, forecasts, and financial models based on real-time data. The synergy between the two systems ensures that executives have access to reliable and up-to-date information, facilitating better strategic planning and resource allocation.
3. Improved Compliance and Risk Management
Regulatory compliance and risk management are critical concerns for any senior executive. Infor EPM is renowned for its robust compliance and audit capabilities, providing detailed tracking and reporting to meet regulatory requirements. When paired with Infor SunSystems, organisations can not only ensure compliance but also proactively manage risks. The integrated approach allows for continuous monitoring of financial activities, identifying potential issues before they escalate, and maintaining a strong governance framework.
4. Scalability and Flexibility
Infor EPM and Infor SunSystems are both designed to scale with your business. As your organisation grows, the integrated solutions can handle increased data volumes, more complex financial structures, and expanding operational needs. This scalability ensures that your financial management and performance management systems remain effective and efficient, regardless of the size or complexity of your business.
5. Enhanced User Experience
A key factor in the success of any software implementation is user adoption. Infor EPM and Infor SunSystems offer intuitive and user-friendly interfaces that streamline processes and reduce the learning curve for your finance team. The enhanced user experience ensures that employees can quickly and effectively utilise the systems, driving productivity and enabling better decision-making across the organisation.
6. Strategic Decision-Making
Ultimately, the goal of any financial management system is to support strategic decision-making. The combination of Infor EPM and Infor SunSystems provides senior executives with the tools and insights needed to make informed, strategic decisions. Whether it's assessing financial performance, planning for future growth, or managing risks, the dynamic duo equips you with the information and capabilities to steer your organisation towards success.
Conclusion
In an era where data-driven decision-making is paramount, the combination of Infor EPM and Infor SunSystems stands out as a dynamic duo that empowers senior executives and finance teams. By integrating performance management with financial management, these solutions provide a comprehensive, scalable, and user-friendly approach to managing your organisation's finances. Embrace the power of this partnership and unlock new levels of efficiency, compliance, and strategic insight for your business.
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