New Delhi, India, September 24, 2014: Infor, a leading provider of business application software serving more than 73,000 customers, has announced Infor CloudSuite Financials, a brand new financial management application built for the cloud. Engineered in consultation with some of the world’s leading consulting firms, CloudSuite Financials is designed to uniquely address the needs of today’s CFO and financial professionals instead of relying on decades-old technology and processes.
“Financial management applications are not sufficient for today’s finance professional; even those considered to be modern are merely version 2.0 of first-generation financial management – the industry needs a functional change,” said Duncan Angove, president of Infor. “Infor CloudSuite Financials will eliminate the need for multiple bolt-on applications, creating the first single suite that automates the contemporary functions of finance.”
Infor CloudSuite Financials integrates multiple functions traditionally requiring disparate systems into a single suite, including core financial management, treasury applications, close & reconciliation management, business intelligence, and treasury & cash management. By combining these functions into one application, CloudSuite Financials helps eliminate redundant and error-prone steps that require human intervention, and simplifies management of complex businesses with multinational operations and multiple ledgers.
At the heart of CloudSuite Financials is Infor ION, Infor’s purpose-built, lightweight middleware. Infor ION provides integration between a company’s financial and operational systems, providing deeper insight and clearer visibility into performance. Through Infor ION, CloudSuite Financials simplifies diagnostics, quickly identifying the operational sources of financial performance information, helping companies become more efficient and profitable.
Infor CloudSuite Financials is built for the cloud, with deep analytics and mobility in a multi-tenant environment with support for open source systems. In addition, CloudSuite Financials features a consumer-grade user experience from Hook & Loop, Infor’s internal design agency based in its Manhattan headquarters.
Infor CloudSuite Financials is slated for release next year.