‘Why Infor CloudSuite Heralds Innovation Wave in Financials’

United States – September 24, 2014, 11:30 AM

"Infor's release last week of its CloudSuiteTM Financials product line-a horizontal group of written-from-scratch applications-will likely trigger a wave of new innovation and product release activity from competitors over the next year or so," reports ZDNet's Brian Sommer in a Sept. 22 article headlined "Why Infor's CloudSuite Heralds Innovation Wave in the Financial Software Market."

Here are excerpts:

"Infor has quietly developed a suite of cloud-based financial applications in the last couple of years. They received guidance from Big 4 accounting executives and others to identify what was/wasn't working with existing products in the market. They also undertook a re-imagination exercise to envision what financials look like in the cloud, mobile, etc. world of today."

"Vendors selling or trying to extend the useful life of client-server, hosted or on-premises solutions will be reaching for the big, cloud-sized jar of antacids. Infor dropped a huge pile of credibility and application software on the cloud financial front Wednesday. Those vendors clinging to past market successes and glories will be in trouble as Infor basically upped the ante for being a modern purveyor of applications. It's the scale and cloudiness of their announcement that will hurt the fogies."

Read the complete article on ZDNet.

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