Infor Rolls Out New Financial Applications

Infor Lawson Close Management and Infor Lawson Reconciliation Management Provide Better Control, More Visibility over Financial Reporting

Infor, today announced the availability of Infor Lawson Close Management and Infor Lawson Reconciliation Management, two new applications that further extend Infor’s financial capabilities in the market. These two new applications are aimed at freeing staff from manual administrative tasks and inefficient paper processes to provide more value-added support through an organization, helping to improve efficiency, quality of outcomes and ultimately bottom-line results. Infor’s financial applications are flexible and specialized to the needs of organizations across a wide variety of industries such as banking and insurance, non-profit, oil and gas, professional services, retail, public sector, hospitality and healthcare.

Infor Lawson Reconciliation Management helps provide reasonable assurance of the accuracy of an organization’s financial data, which when done without proper technology in place can be a complex, tedious, time-consuming, and highly manual process. The solution streamlines reconciliations and close processes, resulting in additional time for finance staff to support more value-added tasks, and enabling improvements in the accuracy and timeliness of financial reports, and increased visibility into monitoring status, performance, and compliance metrics.

Infor Lawson Close Management gives users the tools to define their company close process to be able to execute, evaluate and improve the close cycle.  It also provides greater transparency in a collaborative environment through the available tasks, ownership, and status capabilities, and is designed to help users effectively produce financial and regulatory reporting in a timely and accurate manner, and ultimately close faster.

“In order to properly manage increasing regulatory initiatives, such as the Sarbanes-Oxley Act (SOX) and International Financial Reporting Standards (IFRS), which can make the reporting process highly labor intensive and expensive, many organizations are turning to more automated solutions to meet their audit, compliance, and regulatory requirements, and free up their finance staffs so that they can support more important responsibilities,” said Diane Johnson, industry and solution strategy director, Infor.