SOURCE: Infor Global Solutions

Infor Global Solutions

June 30, 2011 09:00 ET

London Business School Cuts Processing Time by 70 Percent With Infor Expense Management

Expense Management Software Increases Efficiency, Flexibility and Reduces Overhead Costs

ATLANTA, GA--(Marketwire - Jun 30, 2011) - Infor, a leading provider of business application software serving more than 70,000 customers, today announced that London Business School, a graduating college of the University of London, has reduced its expense management processing time by 70 percent using Infor Expense Management. Faster turnaround of expense claims not only permits same week reimbursement for employees, but significantly reduces overhead costs. Extensive configuration options also enable London Business School to tailor Expense Management to its specifications, facilitating better control over the expense process.

News Points

  • London Business School streamlined internal expense reporting and reduced expense processing time by 70 percent, the equivalent of dedicating one full-time employee to the task, with Infor Expense Management.
  • Infor Expense Management not only enables faster reimbursement for employees, but also significantly reduces overhead costs by simplifying expense reporting from expense report submission to reimbursement.
  • A quick, successful implementation over a short 25 day period enabled a smooth transition for employees using the new system.
  • Infor Expense Management integrates with the School's financial management software, Infor FMS SunSystems, as well as its business intelligence program, permitting information sharing and straightforward data access.
  • Extensive configuration options enable the system to meet London Business School's specific requirements, as well as provide greater flexibility in management of the application, facilitating superior visibility and control over expense information.

London Business School Quote
"Our former reporting system was inefficient and time consuming. Infor Expense Management enabled us to simultaneously improve the caliber of our processes and reduce our costs," said Peter Coll, Head of Business Analysis, London Business School. "Our processing time has decreased by approximately 70 percent, the equivalent of one full-time person, which permits us to significantly reduce our overhead. It was the obvious choice for us because of its functional capabilities, scalability and cost-effectiveness."

Infor Quote
"Infor Expense Management gives companies the ability to completely automate and control the process of reimbursing employees for travel and entertainment expenses while enforcing their corporate policies. This greatly reduces processing costs as well as out of policy spending," said Bob Steven, product manager, expense management, Infor. "This coupled with its world-class reporting and auditing capabilities enables total control over the expense management process."

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About the London Business School
London Business School's purpose is to deliver insights and leaders that have impact. The School has been ranked number one in the world by the Financial Times for the full-time MBA program for the past three years. In research, the School is ranked top ten and holds the highest average research score of any UK academic institution.

The School awards more than 1,000 degrees every year, across MBA, Executive MBA, Masters in Finance, Masters in Management, Sloan Fellow, and PhD programs. The Executive Education team offers a portfolio of over 30 open programs as well as custom-designed programs developed to meet the specific needs of individuals and their organization.

About Infor
Infor is a leading provider of business software and services, helping more than 70,000 customers in 164 countries improve operations and drive growth. To learn more about Infor, please visit www.infor.com.