Infor ERP Tips and Infor ERP News for Infor LX, BPCS, Infor ERP LX, Infor LN, Infor ERP LN, Baan, Infor M3, and Movex

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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

Infor LN & Baan Tip: Cash Flow Functionality and Setup

Kathy Barthelt 0 61101 Article rating: 5.0

A cash flow statement provides a historical view of the movement of cash within a company. This statement offers an overview of both the origins and destinations of cash, aiding management in evaluating the company's ability to fulfill short-term financial obligations. To differentiate between various sources and uses of cash, reason codes can be utilized. When interacting with cash transactions in relevant sessions, users have the option to input or review the corresponding cash flow reason. The cash flow statement organizes cash transactions based on these reasons. LN software system maintains year-specific opening balances for cash flow transactions. Should the need arise, users can manually input opening balances in the Opening Balance Cash Flow (tfgld2118m000) session.

To set up the cash flow statement, use the following sequence of sessions:...

ERP & the Importance of Accuracy & Productivity

Infor LN & Baan

Kathy Barthelt 0 18752 Article rating: 5.0

If you don't think accuracy and productivity are important, you need to take a hard look at HOW you’re running your ERP system.

  • Have you eliminated large amounts of data entry?
  • Is your data error-free at month's end?
  • Do all of your systems talk to one another?

If the answer is no, Crossroads RMC can improve accuracy and productivity with system integration and/or automation.

Too expensive you say? Too time-consuming and way too much effort to make it happen? Not necessarily... 

Effective September 30, 2023, IBM® will end support of the IBM i operating system 7.3

AND Infor will no longer support LX and related products on IBM i 7.3 as of June 1, 2024

Crossroads RMC 0 16677 Article rating: 5.0

THE CLOCK is T I C K I N G ... 

MARK YOUR CALENDARS!
Effective September 30, 2023, IBM® will end support of the IBM i operating system 7.3  AND  in line with IBM’s support policy, Infor will no longer support LX and related products on IBM i 7.3 after May 31, 2024.

All Infor LX releases, patches, and related solutions will be...

Infor LN & Baan Tip: Considerations for Release to Warehousing for a Cost Item

Kathy Barthelt 0 63265 Article rating: 5.0

When there are two Cost Items, one with Release to Warehousing applied and the other with Release to Warehousing not applied, upon approval of the Sales Order, the Cost Item that is released to Warehousing will go straight to Staged status, pending Shipment confirmation, while the Cost Item that is not released to Warehousing will be up for Sales Deliveries.

Apart from this main difference in functionality between having and not having this option to release to Warehousing checked, there are other impacts to consider...

Reskilling and Upskilling Your Staff – Why You Shouldn’t Ignore This

Crossroads RMC 0 15344 Article rating: 5.0

According to the World Economic Forum, half of all employees will require significant reskilling or upskilling by 2025.

For many of you, your Infor ERP system was implemented 5, 10, 15, or 20+ years ago, and now there are only a handful of people left from that implementation if any at all. Since most of your "how and why" walked out the door, how much longer can you get by on “tribal knowledge”? While many companies understand the importance of employee training, implementing that training remains a challenge. What’s the best way to proceed you ask?

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Tips:  LX | BPCS | M3

Tips: LN | Baan

It’s NOT All About the Money, Money, Money… Motivating Employees in the New Year!

Have you ever thought about what really motivates your employees?

It’s not about the almighty dollar, you know. Ok, ok…..money doesn’t hurt, but money alone doesn’t keep most people in their jobs. You actually need to motivate your employees to keep them showing up, mentally, and physically. Employees that don’t feel motivated are probably underperforming, and that means you’re losing money.

Ask yourself these questions about your employees:

  • Are they happy…..YES….HAPPY! Do they enjoy coming to work every day?
  • Do they feel challenged, or do they feel demeaned?
  • Are they sinking, or are they swimming?
  • Do they have the right tools in their arsenal to battle the giants?
  • Where’s the reward?

Happiness - I’ve worked with manufacturers for almost 20 years now, and I’ve seen employees who are fulfilled and very happy in their jobs, and employees who count the seconds until they leave each day. Happiness is a choice, but certainly, you as an employer can have a big impact on how happy your employees are. Happiness can be found when employees feel that what they do has a purpose. Do they understand that the part that they are making is used in the production of sophisticated medical equipment that saves lives? Or protects families from getting hurt in a car accident? Having the end customer in mind gives purpose to their work. Having a purpose can make people happy.  

Challenge – Are your employees given any incentive for process improvement? You are not blessed with the perfect mind. All brilliant ideas do not come from you. The lowest man/woman on the totem pole may have the next best idea for your business. Encourage them to bring those ideas forward. Do they have a path for growth that is clearly defined? If you’re never looking for more from your employees, they probably won’t give it to you.

Sink or Swim - When an employee makes a mistake, do you reprimand or punish them? Instead, how about teaching them? Explain to them how things could be done differently next time and provide some guidance and reassurance that they can and will do better.  A pat on the back when they do it right the second time doesn’t hurt either.

Tools – Have you thought about what you need to provide for your employees to make them successful? Do they need training? Or maybe retraining? Would they benefit from being paired with a mentor? How about their physical tools? Is the machinery and software up to snuff? Are they being held back by outdated software and manual processes?

Reward – So, yes, you need to pay your employees fairly, but there are more rewards to be had. Increased responsibility is a great one (make sure you give them the title that goes with it). Designate an employee of the month and announce their great work to everyone in the company. Give employees an opportunity to attend a conference or a workshop which will benefit them and the company. Send a hard-working employee a handwritten note letting them know that you noticed their efforts.  Reward the little things and boost morale.

Sorry, I know this is a lot, but employee motivation is YOUR problem, or shall I say… your opportunity to make them happy and more productive. 

Here are 5 ways you can motivate your employees to give their best every day:

1. Train Your Employees

2. Give Your Employees the Right Tools

3. Automate Processes

4. Give Your Employees Real-Time Feedback

5. Provide Incentives to Do More

For more ideas, read this article from the Harvard Business Review https://hbr.org/2016/01/to-motivate-employees-do-3-things-well.
 

Can you do it? Of course, you can! You don’t have to do it all by yourself, however. Companies like Crossroads RMC can assist. We provide training services that can be completely tailored to your business. We also provide software solutions to help automate many of your manual processes, and dashboard solutions to provide real-time feedback on performance.

If you choose to do this, the benefits to your company will be amazing. You will have a happy, loyal, and prepared workforce, ready to come to work each day to make the company wildly successful. Something to think about as we start a new year.

I’m looking forward to working with you to make the new year great!
 

About the author:
 



Kathy Barthelt is the vice president of  Crossroads RMC, which helps optimize manufacturing systems. She cares deeply about bringing the human side into manufacturing. One can often find her writing and speaking about stress and shop floor workers, job skill, or employee motivation and production improvement. You can find even more insights from her past blog posts.

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