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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

Clack Corporation Goes Live on LN 10.4

Kathy Barthelt 0 26347 Article rating: 5.0

Clack Corporation, a leader in water treatment and plastic processing, has gone live with Infor LN 10.4. The Crossroads RMC team partnered with Clack in this very important technology initiative for the company. With Clack’s dominance in the industry, they were challenged to provide a top-notch ERP system that would keep up with their ever-expanding business needs. LN 10.4 provides the right tools, specifically geared towards industrial manufacturers such as Clack. Combined with the Crossroads RMC Shop Floor Data Collection Solution for LN, Clack is positioned very well for growth in the years ahead.

BPCS/LX Tip of the Week: Financial Year End – Have you done all you need to do?

Anthony Etzel 0 49657 Article rating: No rating

I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year…

  • Are your accounting records up to date so you can make a projection of how the current year will turn out?
  • Are all account reconciliations up to date to facilitate the closing of the books after year end?
  • Are there accounts receivable that should be reserved for or written off prior to the end of the year?
  • If your business carries inventory, do you need to plan a physical count as of the end of the year?
  • Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
  • Have all new asset purchases and bank loans been recorded on your books?
  • Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? 
  • Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
  • Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
  • Will you be in compliance with your bank covenants at year end?
  • Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.?

Optimize Your Manufacturing Today!

Baan/LN Tip of the Week: Financial Year End – Have you done all you need to do?

Kathy Barthelt 0 82803 Article rating: No rating

I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year…

  • Are your accounting records up to date so you can make a projection of how the current year will turn out?
  • Are all account reconciliations up to date to facilitate the closing of the books after year end?
  • Are there accounts receivable that should be reserved for or written off prior to the end of the year?
  • If your business carries inventory, do you need to plan a physical count as of the end of the year?
  • Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
  • Have all new asset purchases and bank loans been recorded on your books?
  • Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? 
  • Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
  • Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
  • Will you be in compliance with your bank covenants at year end?
  • Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.?

Optimize Your Manufacturing Today!

BPCS/LX Tip of the Week: Have you defined your KPIs?

Anthony Etzel 0 45676 Article rating: No rating

Key Performance Indicators measure how effectively your performance objectives are being achieved.

  • Have you defined KPIs for your company?
  • Are you measuring them effectively?
  • Is everyone in your company aware of what the KPIs are?

If you haven’t already done so, consider tying personal performance objectives directly to the company’s performance objectives. Doing so can greatly increase the likelihood that the company’s goals will be met.

Optimize Your Manufacturing Today!

Baan/LN Tip of the Week: Have you defined your KPIs?

Kathy Barthelt 0 84116 Article rating: No rating

Key Performance Indicators measure how effectively your performance objectives are being achieved.

  • Have you defined KPIs for your company?
  • Are you measuring them effectively?
  • Is everyone in your company aware of what the KPIs are?

If you haven’t already done so, consider tying personal performance objectives directly to the company’s performance objectives. Doing so can greatly increase the likelihood that the company’s goals will be met.

Optimize Your Manufacturing Today!

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Tips:  LX | BPCS | M3

New IDF Inquiries 

Infor LX has a long history of providing IDF inquiries over most critical business areas, but there are still some areas that lack this capability.
The following IDF inquiries are now available in 8.4.2:

  • Customer Quote
  • Customer Quote Line
  • RMA (Return Material Authorization)
  • RMA Line

Benefits

  • Ability to sort, subset, filter, and view information in a modern and intuitive way
  • Point and click navigation to related information – 360 views
    • Exceptional personalization and extensibility capabilities

New IDF Inquiries 

Infor LX has a long history of providing IDF inquiries over most critical business areas, but there are still some areas that lack this capability.
The following IDF inquiries are now available in 8.4.2:

  • Customer Quote
  • Customer Quote Line
  • RMA (Return Material Authorization)
  • RMA Line

Benefits

  • Ability to sort, subset, filter, and view information in a modern and intuitive way
  • Point and click navigation to related information – 360 views
    • Exceptional personalization and extensibility capabilities
Last

Tips: LN | Baan

Kathy Barthelt

Infor LN & Baan Tips & Tricks for FINANCE: Cash Forecast Reports and Inquiries

To produce the cash flow forecast, the combined information from the following is used:

  • Customer and supplier accounts
  • Open sales and purchase orders
  • Purchase quotations
  • Purchase requisitions
  • Standing orders
  • Projects
  • Financial budgets

You can use the bank balances of the bank relations that are maintained in the Bank Relations (tfcmg0510m000) session, to generate the reports with details of cash inflows and outflows of the company for a specified period of time.

You can also manually specify the Opening Balance for the cash forecast. Use the sessions below to print and generate the reports:

  • Cash Forecast Summary by Date Range/Currency (tfcmg3518s000)
  • Print Cash Forecast Details by Date Range/Currency (tfcmg3412m000)
  • Print Cash Forecast Summary by Period/Currency (tfcmg3410m000)
  • Cash Forecast Summary by Date/Currency (tfcmg3519s000)
  • Print Detailed Cash Forecast in Cash Forecast Currency (tfcmg3413m000)
  • Cash Forecast Components by Date/Currency (tfcmg3520m000)
  • Print Forecast Components by Date/Currency (tfcmg3420m000)
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Kathy Barthelt

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