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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: What are your production orders telling you?

Kathy Barthelt 0 29462 Article rating: 5.0

Measure what you want to improve.

Six simple words, but put together they convey a powerful concept that can transform manufacturing companies. It’s a basic concept that’s hard to argue with: Collect data, see where the data leads you, and make changes that have a positive impact on the data. Repeat often.

If your company is manufacturing a product, you’re more than likely creating manufacturing variances. These variances tell managers where the company is not performing to the standards that were created and agreed to by those responsible in the Engineering, Finance, or Production Departments. There is almost a 100% chance you are creating either favorable or unfavorable manufacturing variances and, quite frankly, none of the variances will ever be favorable because the company is either over-costing or under-costing the production parts.

The data is all there within your ERP system… or at least it should be… provided that you are not tracking production information outside of your ERP system in a spreadsheet.

Analyzing your production orders can help you track down:

Infor LN & Baan Tip: MPS planned vs. MRP planned

Kathy Barthelt 0 65128 Article rating: 3.8

What items should be MPS planned, and what items should be MRP planned…

Master Scheduled Items are those items that are finished goods, or service items, that receive their requirements either specifically from Independent demand, or both Dependent and Independent demand.

  • Independent Demand is...

Get Tax Compliance Right in 2021!

Webinar: February 9, 2021 1:00 PM CST / 2:00 PM EST

Crossroads RMC 0 28831 Article rating: 5.0

We brought in our partners at Avalara to make sure you are up-to-speed on recent sales and use tax changes and ready for those to come in 2021. We’ll cover:

  • The impact of COVID-19 in 2020 and its influence on 2021
  • Why understanding economic nexus and its triggers is more important now than ever
  • New tax obligations resulting from increased marketplace sales
  • The international market and changes to cross-border e-commerce compliance
  • Answers to your questions – live!

Date/Time: February 9, 2021 at 11 AM PST / 1 PM CST / 2 PM EST
Duration: 45 minutes
Cost: Free!

Don’t miss this in-depth review of the 2020 sales tax changes you need to know about in order to have a successful 2021.

Register Today>

What is manual tax compliance costing your business?

Crossroads RMC 0 25532 Article rating: 5.0

Why automate tax compliance?
The better question is: Why burden your business with something so complex and tedious when it can be solved with software in the cloud?

Decrease the high cost and drain on your business
Employee time and expertise are expensive

Without automation, your tax professionals are probably buried in endless tasks that could be offloaded. Every hour spent on tax management is an hour lost on other (more important) parts of your business.

Manual Vs. Automated Tax Management Calculator>

Contact Crossroads RMC to learn how the Avalara - AvaTax integration can benefit your company. 800.762.2077​

What are the biggest struggles manufacturers face with regard to tax compliance?

George Moroses 0 30167 Article rating: 5.0
  • Tracking thousands of SKU numbers that cross taxability rules or vary in taxability based on state
  • Getting the rates right and filing the reports correctly
  • Surviving an audit (which in this business is inevitable)
  • Keeping track of all the smaller jurisdictions and their special districts
  • Ensuring a seamless process that is audit-able
  • Figuring out what is taxable and what isn’t
  • Tracking use tax

As with other manufacturing processes, having a repeatable, consistent process with sales and use tax compliance means automation. Automating sales and use tax compliance with a solution that ensures that consistent, accurate process means a solution that delivers:...

Infor LX & BPCS: What are your production orders telling you?

George Moroses 0 30013 Article rating: 5.0

Measure what you want to improve.

Six simple words, but put together they convey a powerful concept that can transform manufacturing companies. It’s a basic concept that’s hard to argue with: Collect data, see where the data leads you, and make changes that have a positive impact on the data. Repeat often.

If your company is manufacturing a product, you’re more than likely creating manufacturing variances. These variances tell managers...

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Tips:  LX | BPCS | M3

Improves control over PO costing changes during invoice entry by replacing passive warnings with an intentional override action.

  • In ACP500D3 (Invoice Entry PO Costing), users previously could unintentionally accept changes by pressing ENTER, even when quantity to cost or amount to cost values had changed.

  • A new “F14 to Override” warning message replaces the old message:
    “Details have changed. Press enter again to accept data.”
    This ensures users acknowledge and confirm significant changes explicitly.

New System Parameter:

  • “Apply GRN Costing Tolerance for PO Costing” (optional):

    • Within tolerance: Displays the original message —
      “Details have changed. Press enter again to accept data.”

    • Outside tolerance: Triggers the new override requirement —
      “F14 to Override”

Benefits:

  • Enhances oversight and reduces unintentional cost acceptance.

  • Enables better control of PO costs when invoice details differ from expectations.

Last

Tips: LN | Baan

Kathy Barthelt

Infor LN & Baan Tip of the Week: Year End for Finance

Year-End is always a busy time!

So busy that it's easy to forget things that must be done in your ERP system to close out the year properly and set you up for a good start to the following year. Here are some things to add to your to-do checklist.

The year-end close process provides an opportunity to:

  • Remove discontinued items.
  • Remove sold purchase receipts.
  • Remove lot attributes for sold lots.
  • Update standard cost based on current cost field. (for environments without Manufacturing only)
     

Prepare for Year-End Close

  • Conduct full physical inventory and update quantities before actual year-end or establish a strong cycle-counting program.
  • Check for any applicable sales and purchase invoices/returns and post.
  • Prepare users for a year-end push to complete all year to date inventory adjustments, receipts, and invoicing.
  • Determine how to handle new year transactions without posting.
  • (Manufacturing)  Determine what new standard costs should be entered for the upcoming year.
  • (Manufacturing)  Discuss cutoff dates for removing Archived BOMS and Closed/Canceled Mfg Orders.

Finance Specific Items:

  • Set up the financial periods for 2021
  • Open period January in 2021
  • Finalize any outstanding transactions from the current year (2020)
  • Soft-close any open periods in 2020
  • Issue any old sales invoices
  • Fix any outstanding financial integration errors
  • Set up new integration mapping for 2021 as needed.
    • Test the mapping in a test environment prior to the new year
  • Review & update jobs as needed to ensure they will process in 2021
  • Determine for cash-flow purposes, what purchase invoices won’t be paid until 2021

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Kathy Barthelt

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