A typical finance professional spends the majority of his or her time collecting, validating, and administering data, leaving a tiny window for value-added analysis. CFOs demand forecasts to be accurate, timely, and relevant. Yet, the finance department struggles to satisfy such request.
In his keynote at Inforum 2019, Infor CEO Kevin Samuelson reconfirmed the company’s commitment to delivering on-time and on-budget projects. Go-lives should not be the destination but the starting line where business problems get solved and values get created. How are Infor and its partners going to achieve that?
Topics: Technology trends
Many businesses today are still relying on paper registers, massive spreadsheets and human resources to manage a lot of workflows in their business. Operations such as inventory reporting, sales approval and customer experiences that are managed manually will often result in many bottlenecks as operations become backlogged because of the sheer amount of data that needs to be catalogued and processes that need to be done. As a result of this, data is often lost or incomplete, and productivity and efficiency is reduced.
Businesses across all industries have two things in common: they utilise documents and they create a lot of them. Documents are used for everything from sales reports to product development and end up being stored in all sorts of places, both digitally and physically.
Document management is often an overlooked practice in your business, but did you know that according to research your employees can spend up to 20% of their time at work searching for information about the task they are currently doing?
The past few years have been full of unexpected changes; we witness the rise and fall of cryptocurrency, GDPR, Brexit, the China-US trade war... combined with the lingering effects of the global financial crisis years ago.
As planning, budgeting and forecasting become indispensable strategic contributors, finance executives begin to realise the need to transform their rigid yearly financial planning by adopting more advanced (both on-premise and cloud-based) analytical tools. 71 per cent of organisations surveyed by FSN in 2017 has been able to reforecast more than twice a year, up from 56 per cent in the previous year, although the forecasting accuracy is still fairly low.
Infor SunSystems 6.4 is not just a new version of the venerable accounting system, it represents a quantum leap in enterprise software. Fully packed with capabilities far beyond what a traditional financial management suite can deliver, Infor SunSystems 6.4 can be the catalyst for your business’ digital transformation.
Hospitality faces unique challenges and has specific requirements, making conventional accounting systems unfit for this industry.
Infor d/EPM is a fully integrated solution suite that is capable of automating your business’ financial management process, thereby eliminating the use of spreadsheets. It layers world-class in-context business intelligence, financial performance management, and risk and compliance monitoring, empowers you to drive your business performance more effectively.