How to Use the Infor Financials Modules: A Comprehensive Guide126

Infor Financials is a comprehensive enterprise resource planning (ERP) software suite that offers a wide range of modules to help businesses manage their financial operations. These modules can be tailored to meet the specific needs of each business, making Infor Financials a versatile and powerful tool for financial management.

General Ledger

The General Ledger (GL) module is the core of Infor Financials. It stores all of the financial transactions for a business, including debits, credits, and balances. The GL module can be used to create financial statements, track cash flow, and analyze financial performance.

Accounts Payable

The Accounts Payable (AP) module manages all of the invoices and payments that a business receives from its vendors. The AP module can be used to automate invoice processing, take advantage of early payment discounts, and track vendor performance.

Accounts Receivable

The Accounts Receivable (AR) module manages all of the invoices and payments that a business sends to its customers. The AR module can be used to automate invoice processing, track customer payments, and manage credit limits.

Cash Management

The Cash Management module helps businesses to manage their cash flow and liquidity. The Cash Management module can be used to forecast cash flow, track bank balances, and manage investments.

Fixed Assets

The Fixed Assets module tracks all of the fixed assets that a business owns, such as property, plant, and equipment. The Fixed Assets module can be used to calculate depreciation, track maintenance expenses, and manage asset disposal.

Project Accounting

The Project Accounting module helps businesses to track the costs and revenues associated with their projects. The Project Accounting module can be used to create project budgets, track project progress, and analyze project profitability.

Human Capital Management

The Human Capital Management (HCM) module helps businesses to manage their employees, including payroll, benefits, and performance management. The HCM module can be used to automate payroll processing, track employee time and attendance, and manage employee benefits.

Reporting

Infor Financials includes a robust reporting module that allows businesses to create custom financial reports. The reporting module can be used to analyze financial data, create charts and graphs, and export reports to Excel or PDF.

Implementation

Implementing Infor Financials is a complex process that requires careful planning and execution. Businesses should work with an experienced Infor partner to ensure a successful implementation.

Training

Infor Financials is a powerful tool, but it is important to receive proper training to use it effectively. Infor offers a variety of training options, including online training, instructor-led training, and on-the-job training.

Support

Infor provides a variety of support options for Infor Financials, including phone support, email support, and online support. Businesses can also purchase support contracts that provide access to additional support services.

Infor Financials is a powerful and versatile ERP software suite that can help businesses to improve their financial performance. By understanding the different modules that are available, businesses can tailor Infor Financials to meet their specific needs.

2025-02-01

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