ATLANTA - Apr 16, 2008, Infor today announced strong customer adoption of Infor Performance Management (PM), an integrated suite of applications that help organizations link corporate strategy to operational plans. Customers in the manufacturing, healthcare, financial services, government, and energy and utilities industries selected Infor PM software to improve visibility into the financial and operational health of their company. Companies from around the world, such as Corporación Mexicana de Restaurants (Mexico), CorpusSireo (Germany), Dana Petroleum (U.K.), Fronius (Austria), LEO Pharma (Denmark), QIOPTIQ (France), Shaklee (U.S.), Smiths Group (U.K.), and World Vision International (Philippines) have selected Infor PM within the last 12 months.
The momentum was accelerated by the launch in November 2007 of Infor PM 10, the integrated suite of PM applications and analytics from Infor's acquisitions of Extensity MPC and Systems Union MIS (see press release titled, Infor Delivers Integrated Performance Management for Enhanced Decision Making). A strong factor behind customer selection of Infor PM is the single, secure database that underpins the applications. This approach eliminates data entry errors from users rekeying information into multiple, disconnected systems.
Key market drivers behind the adoption of Infor PM include enterprises that are moving away from spreadsheet-based analysis towards more robust and automated applications that bring together key data from disparate sources for activities such as planning and budgeting, consolidation and forecasting. Additionally, organizations are adopting Infor PM because it provides pre-built applications that map strategies to goals, plans, budgets and forecasts, combining financial and operational measures to improve performance overall.
According to a December 2007 report by Gartner, ''There is a large unaddressed market opportunity as users replace spreadsheet-based applications with more-robust solutions, and many organizations that previously deployed some Corporate Performance Management applications typically have small, isolated implementations of single applications (for example, a legacy financial-consolidation application deployed in the corporate finance function1).''
Infor PM provides customers a foundation to quickly integrate, analyze, format, and deliver answers to questions about their business performance. Infor PM 10, the latest version, enables users to navigate essential business processes using a single system, from strategy management, planning and budgeting, to financial reporting, financial consolidation and forecasting. Customers can also deploy components from the Infor PM 10 suite to address specific business needs, such as Infor PM Planning and Budgeting, Infor PM Financial Consolidation, Infor PM Forecasting, Infor PM OLAP, or Infor PM Application Studio.
''Infor PM frees organizations from spreadsheet mayhem and helps them unlock hidden value from existing enterprise systems. Instead of dumping reams of data on them, it provides actionable intelligence that is presented within the context of their role,'' said Christina McKeon, director, product marketing, Performance Management solutions, Infor. ''We expect to continue this momentum as companies increasingly turn to Infor for integrated, role-specific applications that are built on a single database.''
Infor is recognized as the leading PM software provider, enabling companies to monitor, measure and manage their business with greater efficiency and accuracy. Ventana Research has ranked Infor as the top overall Performance Management vendor four consecutive times.
About Infor
Infor delivers business-specific software to enterprising organizations. With experience built in, Infor's solutions enable businesses of all sizes to be more enterprising and adapt to the rapid changes of a global marketplace. With more than 70,000 customers, Infor is changing what businesses expect from an enterprise software provider. For additional information, visit www.infor.com.
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