BDO Certifies Infor10 Financials Business (SunSystems) as IFRS Compliant

October 2011

The financial management solution Infor10 Financials Business (SunSystems) which LLP Group distributes has been certified as International Financial Reporting Standards (IFRS) compliant by BDO Audit & Assurance B.V, a premier accounting, tax, financial advisory, and consulting organization. BDO’s certification is the result of an extensive audit of the IFRS compliance capabilities, reliability and continuity in Infor10 Financials Business. The certification demonstrates the ability of the solution to enable companies to adhere or transition to IFRS standards and sustain compliance over time.

Infor10 Financials Business enables organizations to meet IFRS compliance across multiple countries, organizational structures and existing business system configurations. The solution can be used across the enterprise as a single financial management solution or leveraged at individual business units, subsidiaries and locations to enhance IFRS compliance and other reporting and analysis requirements.

News Points

• Infor10 Financials Business’ open architecture is designed to enable integration with existing ERP, financial and other systems to deliver enhanced global reporting and analysis capabilities in a cost effective manner.
• Infor10 Financials Business (SunSystems) facilitates multi-reporting requirements.  In addition to IFRS, the solution enhances management reporting, local GAAP (Generally Accepted Accounting Principles,) tax and other financial reporting and analysis requirements.
• Implementing Infor10 Financials Business (SunSystems) to help ensure IFRS compatibility enables greater financial and operational transparency so companies make better fact-based decisions.
• Infor10 Financials Business (SunSystems) reduces risk and improves financial controls by providing a tested and configurable solution to help meet global IFRS and other regulatory reporting requirements.
• More than 9,000 customers in more than 150 countries around the world use versions of Infor10 Financials Business (SunSystems).

For the full version of the press release, please visit www.infor.com.

SALEM in Raiffeisenbank, a.s.

" It is incredible how SALEM - that is our name for Microsoft Dynamics CRM - has enabled us to shorten the time necessary for collecting complete and correct information on all Treasury clients. We have all the information in one place (all current account balances, all used and approved credit limits, all the client´s authorized employees and all confirmation details) and thus, new possibilities for increasing productivity and growth dynamics throughout the bank have been opened. When this application went live, it showed us where we had reserves and which operation and data loss risks had threatened the bank. In ´SALEM´, the Treasury Sales Department acquired a powerful sales support tool which minimizes risk and maximizes the volume of concluded deals. The migration of data during project implementation showed that we had great problems with the purity and consistency of the data we had maintained on Treasury clients. Now, this is a thing of the past, and with ´SALEM´ we can rely 100% on client TMA. When entering the system, the data is not only thoroughly checked in many processes - including a check for duplicity - but it is also ´actual´ because it is transmitted online from the other bank systems. Last but not least, I would like to thank LLP Prague - our supplier - for their excellent and professional approach to the implementation of the system, and for their management of the whole project - all agreed terms and planned budgets were kept." 

                                                                                                              Pavel Truchlý, Raiffeisenbank, a.s.