NEW YORK - Jun 23, 2014
Infor, a leading provider of business application software serving more than 70,000 customers, today announced strong momentum for Infor Healthcare financial solutions, including Infor Lawson Enterprise Financial Management, Infor Dynamic Enterprise Performance Management Budgeting & Planning modules (d/EPM), Infor Expense Management (XM), and Infor Approva Continuous Monitoring. Many customers such as University Health Shreveport, UMass Memorial Medical Group and Baptist Memorial Health Care, have recently selected Infor Healthcare to better understand risk, performance, and the impact of decisions organization-wide to sustain healthy margins, and support high quality care and efficient business operations.
"We wanted one source of truth, to streamline all activities for our administrative and financial staff, and to integrate all of the disparate systems we had been previously using," said Brenda Swearengen, director of Finance at Baptist Memorial Health Care. "Infor was the clear choice in the selection process. With extensive knowledge in what the healthcare industry needs, we know their solutions will continue to evolve as our needs change, and as the industry's needs change."
With the budgeting and planning capabilities, delivered by an industry leading expert and implementation partner CFO Solutions, healthcare organizations are able to transform planning, budgeting, strategy management, and financial consolidation functions from processes that simply support an organization to strategic activities capable of driving it. "We were looking for a partner and solution that would help us to achieve a consistent, organization-wide view of performance," said Mike Pacy, director of Finance and Budgeting at UMass Memorial Medical Group. "Now we have a single version of the truth and more visibility into our performance, which allows our leadership to make better, more informed decisions faster and with more confidence." As Infor continues to innovative and invest in its enterprise performance management solution dozens of customers selected Infor budgeting and planning solutions, and are seeing benefits across their health systems, including the Dana Farber Cancer Institute.
Infor Expense Management software helps reduce the cost and increases the effectiveness of employee-initiated expenditure and revenue processes, including those for travel expenses and entertainment expense claims, travel planning and pre-trip approval, rechargeable time capture, and supplier payment initiation. In addition, Infor Approva Continuous Monitoring addresses healthcare-specific regulatory and compliance requirements. The solution is designed to identify, define and monitor risks and controls, automate testing, track results and trends, expose exceptions and violations, and help organizations to investigate and take action.
Infor Healthcare financial solutions are used by over 1200 hospitals and 300 health networks, and helps people and systems to work together better, resulting in a high performing organization that adapts quickly to changing realities. Healthcare customers in more than 30 countries rely on Infor Healthcare to build innovative solutions that address the most costly areas of operations to become more agile in responding to the industry's changing business needs.
"The strong momentum Infor is experiencing for its healthcare-specific financial solutions is a testament to the importance of flexible software that can directly affect an organization's margins, especially in a market where complete visibility and control over finances is paramount to its health and success. Infor's applications support a growing and changing healthcare organization's needs, and are especially helpful in navigating government mandates and a challenging reimbursement environment while keeping patient safety top of mind and shifting to an accountable care business model," said Mike Poling, vice president, Healthcare, Infor. "Infor understands that organizations that can gain control over accounting processes, fixed assets, cash and treasury, capital projects, grants, budgeting and planning, risk, and employee-initiated spending, and automate these processes, can see dramatic benefits to their bottom line."
For more information please visit https://www.infor.com/industries/healthcare/.
Keep Current on Infor:
- Subscribe to the Infor RSS Feed
- Follow Infor on Twitter
- Connect with Infor on LinkedIn
- Like Infor on Facebook
- View Infor videos on YouTube
About CFO Solutions LLC
CFO Solutions is a professional services provider focused on their clients successful adoption of performance management and business intelligence applications. For over 10 years, CFO Solutions has focused on business processes first to enable customers to build robust applications that leverage Infor's Enterprise Performance Management software. The CFO Solutions team provides process design and implementation support across multiple industries including healthcare, manufacturing, financial services, life sciences, retail services and technology research. To learn more about how CFO Solutions can help your organization enhance the ROI from your Enterprise Performance Management investment contact us at www.cfosolutions.com.
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in more than 200 countries and territories 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
- 21 of the 25 largest US health delivery networks
- 16 of the 20 largest US cities
- 84 of the top 100 automotive suppliers
- 31 of the top 50 industrial distributors
- 5 of the top 9 brewers