Today’s finance organizations are tasked by regulators and stakeholders to improve corporate accountability, increase transparency, and provide more information. At the same time, they are required to close the books and report faster than ever before.
Infor PM (Performance Management) Financial Reporting delivers sophisticated yet user-friendly capabilities that enable companies to consolidate global financial and non-financial information quickly. In addition, this corporate performance management application enables enterprising companies to automate the generation, formatting, and distribution of book-quality financial statements and management reports that meet regulatory requirements as well as stakeholder needs. Less time spent preparing and formatting financial reports leaves more time to analyze and run the business.
The Infor PM Financial Reporting solution is part of Infor’s closed-loop corporate performance management offering, which includes Business Specific Analytics as well as Business Process Applications for strategic management, planning and budgeting, forecasting, and financial consolidation. Infor PM Financial Reporting software supports enterprising companies with the following:
Distributed Accountability—collect data in a central database, where it is consolidated and validated. Data submission is the responsibility of business units, not corporate finance, with Infor’s solution.
Real-time Data—create financial and management reports at will using “live” data, rather than waiting until the end of the month or quarter to gauge performance.
Simplified Reporting—send the right information to the right people, at the right time, in the right format by setting up the system once and then forgetting about it.
Early-warning Alerts—take action when Infor’s solution identifies a gap between planned performance and actual results.
Multidimensional Analysis—evaluate measures and results from the most relevant perspective (e.g., organization, product, market, account, strategic initiative, etc.) to support decision-making.
Ventana Research Scorecard 2007: BI and Performance Management
Whitepaper - The 1% Solution: How to Drive Your Financial Performance
