NEW YORK, NY--(Marketwired - May 13, 2013) - Infor, a leading provider of business application software serving more than 70,000 customers, today announced that Infor Lawson Cash and Treasury Management and Infor Lawson AP Invoice Automation are expected to be available early this summer. Addressing complex financial challenges, these new applications are designed to help healthcare, public sector and service-based organizations implement automation processes, increase visibility, and improve collaboration, while driving organizational efficiencies.
Infor Lawson Cash and Treasury Management will specifically target manual processes, disparate systems, and redundancies. The application is aimed to drive automation, visibility and collaboration, while helping organizations analyze enterprise-wide cash requirements, alleviate manual reconciliation of bank account statements and spreadsheet-based cash requirements, maximize liquidity, and optimize use of cash resources automatically. Organizations can better centralize bank information, automate cash management and forecasting, provide daily cash positions, validate actual transactions against forecasts and interface into Infor Lawson General Ledger.
"We chose Infor Lawson Cash and Treasury Management to replace manual, cumbersome, and labor-intensive tasks. This will ultimately save the team hours of time on cash and treasury processes," said Bill Imholte, finance manager at Allina Health, a beta customer with this application. "Through this partnership, we will now be able to streamline our bank statement data to avoid processing duplicate files, expedite our check reconciliations, and automate our daily cash position and cash forecasts for increased cash visibility."
Infor Lawson AP Invoice Automation is designed to streamline the accounts payable processes for organizations. By providing invoice and AP automation solutions, Infor will help drive significant cost savings and enhanced accountability through a more complete financial solution that easily handles both PO and non-PO invoices. "As we move to more centralized processing within our AP department, the dashboards within AP Invoice Automation will help my team keep track of invoices, monitor workload, and ensure that we're approving and paying invoices in a timely fashion," says Sabrina Flannigan, Manager, Accounts Payable, at Kelsey-Seybold Clinics.
With Infor Lawson AP Invoice Automation, organizations will be able to better simplify invoice review and approval to help reduce costs for processing invoices, provide faster access to more complete information about invoices and their status, improve utilization of early payment discounts, automate cumbersome business processes, and deliver more visibility into the entire AP process.
"Today's finance departments are challenged by many factors such as disparate systems of record, time-consuming manual processes, and lagging information; all of which need to be managed effectively in the presence of increasing costs and much tighter operating margins. Today's financial leaders are simply looking for quick, timely and accurate information on which to rely," said Darci Snyder, vice president, product management, Infor. "Infor understands that a successful organization is one that can optimize cash flow, which in turn will support better strategic decision making across departments and organizations. By developing these two new applications, we are taking the guesswork out of these financial functions and simplifying the process -- providing faster access to more complete information."
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in 194 countries improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.
Infor customers include:
- 19 of the top 20 aerospace companies
- 12 of the top 13 high tech companies
- 10 of the top 10 pharmaceutical companies
- 23 of the top 50 largest US hospitals
- 43 of the top 50 industrial distributors
- 26 of the top 35 global retailers
- 5 of the top 9 brewers
This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.