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Infor LX Tips, Infor LN Tips, BPCS Tips, Baan Tips, Infor M3 Tips & Infor ERP News

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Infor ERP Tips & News from the Experts

Infor LX | Infor LN | BPCS | Baan | Infor M3

BPCS/LX Tip of the Week: Getting the Most Out of Your ERP System – The Roadmap

Anthony Etzel 0 55466 Article rating: No rating

I hate getting lost. I feel out of control and helpless. Thank God my dad taught me early on how to read a map. Maps give us direction, points of reference, and helps us navigate the obstacles in our way.  

Do you have roadmap for your ERP system, or are you lost? An ERP roadmap can give your staff direction. It should help you create a stronger workforce that is well prepared to meet the future needs of your business. Take a hard look at what your ERP is, or isn’t doing for you. Chances are, there is much that can be done, and all you need to do is start plotting out your map. 

Optimize Your Manufacturing Today!

Baan/LN Tip of the Week: Getting the Most Out of Your ERP System – The Roadmap

Kathy Barthelt 0 88672 Article rating: No rating

I hate getting lost. I feel out of control and helpless. Thank God my dad taught me early on how to read a map. Maps give us direction, points of reference, and helps us navigate the obstacles in our way.  

Do you have roadmap for your ERP system, or are you lost? An ERP roadmap can give your staff direction. It should help you create a stronger workforce that is well prepared to meet the future needs of your business. Take a hard look at what your ERP is, or isn’t doing for you. Chances are, there is much that can be done, and all you need to do is start plotting out your map. 

Optimize Your Manufacturing Today!

BPCS/LX Tip of the Week: 6 Powerful Steps to Win With Automation

Anthony Etzel 0 63655 Article rating: No rating
  1. Eliminate paper shop packet and distribution of the paperwork to the shop floor.     
  2. Eliminate manual (paper-based) recording activities and the need to key in the transactions.
  3. Easy electronic scheduling by sequence and changing job priorities.
  4. Evaluate differences using actual times compared to standards.
  5. Improve data accuracy and eliminate the need to chase and fix errors.
  6. Practice Real-Time data reporting to monitor efficiencies and identify problems as they occur.

Optimize Your Manufacturing Today!

Baan/LN Tip of the Week: 6 Powerful Steps to Win With Automation

Kathy Barthelt 0 86731 Article rating: No rating
  1. Eliminate paper shop packet and distribution of the paperwork to the shop floor.     
  2. Eliminate manual (paper-based) recording activities and the need to key in the transactions.
  3. Easy electronic scheduling by sequence and changing job priorities.
  4. Evaluate differences using actual times compared to standards.
  5. Improve data accuracy and eliminate the need to chase and fix errors.
  6. Practice Real-Time data reporting to monitor efficiencies and identify problems as they occur.

Optimize Your Manufacturing Today!

Crenlo Partners With Crossroads RMC to Achieve Operational Efficiency

Kathy Barthelt 0 32814 Article rating: No rating

Crenlo, a leading manufacturer of cab and enclosure products, has elected to expand their partnership with Crossroads RMC to achieve greater efficiency within their operations. Phase 1 of the implementation will include RMCship (FedEx/UPS integration with Baan), RMCbuild (analysis of current inventory for production needs), Paperless Pick Web Collect Data Collection for their service orders and remote warehouse, and the development of a web-based quality inspection application which will be integrated with their Baan ERP system. 

BPCS/LX Tip of the Week: Tip of the Week: Cross Docking

Anthony Etzel 0 60613 Article rating: No rating

Cross Docking can provide significant improvements in efficiency by looking for outstanding requirements for an item (production orders, sales orders, replenishment orders) and automatically assigning the incoming item to that requirement instead of putting the item away into inventory, only to retrieve it later. Consider implementing cross-docking at your facility. 

Optimize Your Manufacturing Today!

Baan/LN Tip of the Week: Cross Docking

Kathy Barthelt 0 82597 Article rating: No rating

Cross Docking can provide significant improvements in efficiency by looking for outstanding requirements for an item (production orders, sales orders, replenishment orders) and automatically assigning the incoming item to that requirement instead of putting the item away into inventory, only to retrieve it later. Consider implementing cross-docking at your facility. 

Optimize Your Manufacturing Today!

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Tips:  LX | BPCS | M3

Tips: LN | Baan

Kathy Barthelt
/ Categories: Infor LN & Baan Tips

Infor LN & Baan Tips & Tricks for FINANCE:  Currency Differences Accounts

Currency differences can make the financial analysis and reconciliation more complex. These types of currency differences can occur:

  • Currency differences
    Currency result caused by fluctuations in the exchange rate, for example, if the rate differs between the invoice date and the payment date.

  • Exchange gain and loss
    Currency result caused by the use of different exchange rate types, for example, the Sales rate type and the Internal rate type, or if using the rate determiner you have changed the exchange rate for a transaction during the order handling procedure.

  • Translation gain and loss
    Currency result caused by the use of different currencies during the order handling procedure, for example, if the order currency or the payment currency differs from the invoice currency.

  • Destination gain and loss
    Currency result caused by different results when the transaction currency is converted to the various home currencies. Destination gain and loss can only occur in an independent currency system.

To support good reconciliation possibilities, currency differences and exchange gain and loss are posted to these accounts:

  • Exchange Gain and Loss
    For differences between related amounts (debit and credit postings) due to different exchange rate types or different currency rates.

  • Currency Translation
    For transactions in which the debit posting and the credit posting are made in different currencies.

  • Currency Differences contra account
    For currency differences on the invoice accrual account due to rate changes between the receipt date and the approval date of the invoice and calculated when you close a financial period.

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Kathy Barthelt

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