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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

Revamp Your Productivity: Discover Crossroads RMC's Ultimate Solution

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In the dynamic landscape of life hacks and evolving routines, finding new ways to enhance productivity is always on our agenda.

Enter Crossroads RMC – your secret weapon for multiplying productivity effortlessly! Imagine elevating your team's output by integrating just ONE additional member, available on-demand. What sets this apart is the convenience of access—our specialists are ready to assist you 24/7, even during weekends and holidays.

Introducing Tailored Staff Augmentation Services by Crossroads RMC:

  • Access to functional and technical support around the clock.
  • In-depth expertise as an Infor Partner across all Infor LN / Baan and Infor LX / BPCS versions.
  • Centralized, dedicated support ensuring quick response times and thorough follow-up.
  • Varied communication channels including phone, text, email, online portals, Microsoft Teams, web meetings, and in-person visits.
  • Transparent monthly reports to monitor service utilization.
  • Comprehensive ERP disaster recovery solutions.
  • Specialized ION support.


Kickstart with a complimentary 1-hour consultation to explore our customizable staff augmentation plans. These plans are crafted to simplify case logging, usage tracking, meeting scheduling, live chatting, Infor resource reviews, and much more...

Infor LX / BPCS & Infor LN / Baan Tip: A New Wave of Cyber Attacks: Five Actions to Take Now

IndustryWeek 3/7/2024

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In the ever-evolving landscape of manufacturing, cyber threats have become a formidable challenge, with a notable spike in ransomware attacks catching many off guard. These sophisticated attacks deploy tactics that are often new and bewildering to manufacturers, pushing the boundaries of what we thought we knew about cybersecurity in the industry. Let's dive into how these advanced threats are reshaping our approach to digital defense in manufacturing.

https://www.industryweek.com/technology-and-iiot/cybersecurity/article/21284176/a-new-wave-of-cyber-attacks-five-actions-to-take-now

Streamline Your Audit Process: How Crossroads RMC and Avalara Ensure Compliance and Confidence

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Be Audit Ready with Crossroads RMC and Avalara

Managing reports and preparing for audits can be incredibly time-consuming and laborious. It involves extracting data from multiple sources, consolidating information, and rectifying any discrepancies. These tasks often drain resources away from revenue-generating activities.

Fortunately, Avalara offers a comprehensive solution with robust reporting capabilities, drastically reducing the time required for these processes from weeks or months to mere minutes...

Infor LX & BPCS Tip: Mastering the Latest Infor LX Innovations for Manufacturing Excellence

George Moroses 0 17208 Article rating: 5.0

Are you keeping up with all things LX?

Get updates on product bulletins, alerts, and announcements regarding the Infor LX product line and related products and technologies such as Infor OS, System i Workspace Anywhere, WebTop, IDF, Operating Systems, and Java support as it relates to Infor LX, please follow this knowledge base article: KB 1397381.

This was updated as recently as February 23, 2024!

DON'T MISS - 8 Ways to Modernize your IBM i product– Topic #1: Best practices for improving security

Thursday, February 15, 2024 - 10am EST | 9am CST

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From internal controls to data protection, elevate your company’s security standards by exploring best practices that enhance both data protection and segregation of duty issues. Risk Management, Audit, IT, and Finance Officers are all invited to hear strategies that are used by fellow IBM i (LX, XA, System21) customers for modernizing and strengthening their prior vulnerabilities. 

Hosted by Peg Tuttle from the IBM i podcast, “The Incredible i Show,” join us to hear insights from both Infor leadership and your industry peers on:

  • How version upgrades have tightened internal control loopholes.
  • Structural IBM i advancements designed to safeguard your organization.
  • IBM i ecosystem solutions that strengthen both data and access vulnerabilities.

Don’t miss this first fireside chat, Eight Ways to Modernize your IBM i product – Topic #1 of 8: Best practices for improving security.

Register today!

By 2026, 75% of organizations will base their digital transformation model on the CLOUD!

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Gartner forecasts that by 2026, 75% of organizations will anchor their digital transformation strategies in cloud computing.

Public cloud investment is expected to hit $724 billion by 2024, highlighting the sector's rapid expansion. Yet, selecting the appropriate infrastructure is critical, necessitating carefully evaluating various factors.

A detailed TechTarget article examines the advantages and disadvantages of on-premise and cloud solutions...

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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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