ATLANTA, GEORGIA: Infor has launched Infor PM Business Edition, a cost-effective performance management (PM) solution, designed to help small to mid-sized businesses (SMBs) automate their planning and budgeting processes.
Infor PM Business Edition delivers the performance management functionality used in larger enterprises but configured for the smaller footprint of the SMB. It is The solution is easier to deploy and manage and offers SMBs the strategic tools they need to compete.
Planning and budgeting are fundamental processes for businesses of all sizes. Most SMBs rely on spreadsheets for planning and budgeting, which are prone to data entry errors and lack reporting and collaboration functionality. Typical planning and budgeting applications offer more robust functionality but are complicated and cost prohibitive for many SMBs. Infor PM Business Edition addresses the gap in the market for a planning and budgeting solution that provides the functionality SMBs need in a package that is easier to deploy and also scalable to meet their long-term growth objectives.
Infor PM Business Edition's planning functionality allows companies to quickly model and test various business scenarios to create realistic financial and operational plans. The solution enables company-wide collaboration through web-based access to plans and data, and provides the ability to test "what-if" situations to ensure the company is prepared for unknown events and to work backward from a key financial goal to identify contributing business drivers and required milestones.
Infor PM Business Edition's budgeting capabilities help companies automate, manage, and improve the budgeting process. Users can easily enter budget data through a central location. The budget controller monitors and manages the overall budgeting process through this same central location with a real-time view of the status of any budget. These capabilities ensure one version of the truth by eliminating multiple disconnected spreadsheets and providing a single location for all budgeting activity.
Infor PM Business Edition provides reporting capabilities that allow companies to disseminate information to management in a timely manner. Through the included Infor PM Application Studio, companies can report on planning and budgeting data and integrate information from other sources in these reports.
"In today's global environment, it is essential that SMBs have access to accurate and reliable information to understand how changes can impact the ability to achieve corporate goals," said Christina McKeon, director product marketing, Performance Management, Infor. "Infor PM Business Edition delivers on the SMB need for solutions designed specifically for them with the capabilities and support to ensure their current and long-term success."