March 2010 - Infor PM to be used for budgeting and financial reporting by Motor Group
Jardine Motors Group UK has chosen Infor PM 10 for its performance management (PM) and business intelligence needs. Jardine Motors, which represents premium brands such as Mercedes Benz, BMW / Mini, Audi, Jaguar, Land Rover, Aston Martin and Bentley, will use the software to improve its budgeting, consolidation and financial and operational reporting for 19 franchises spread across more than 40 sites. Read more.
August 2009 - Infor provides XBRL Support for Financial Reporting
Its Performance Management Software (Infor PM) now includes Drag and Drop XBRL Tagging to Help Companies meet new financial reporting requirements Infor PM supports eXtensible Business Reporting Language (XBRL), a fast growing worldwide financial reporting standard. It provides integrated XBRL capabilities, enabling companies to quickly comply with financial reporting requirements aimed at improving the transparency and accessibility of financial data.
Asked about the the XBRL capability, Jonathan Marcer, of Professional Advantage, the 2009 Infor Gold Partner and Overall Best Infor Reseller in the Pacific Region, stated”Report submission and compliance is a big burden for business. Agencies like APRA are providing XBRL gatways to lodge electronically. Infor PM Drag and Drop XBRL is about simplicity and efficiency. It enables users to tag financial data through a drag and drop interface, preview and error check the report, and export securly the finished interactive XBRL report. XBRL is also a reality that I think all bsuinesses will be faced with sooner or latter. Its not just about compliance however. It can deliver significant benefits around the cost and time it takes to make reporting submissions.”
Jurisdictions around the world are contributing to XBRL and mandating it as a standard for electronic communication of business and financial data. Over 100 countries require or allow the use of XBRL in financial reporting and companies are adopting the standard to reduce costs and streamline their processes for collecting and reporting financial information. Australia is no exception. APRA, for example, allow for XBRL submissions using its D2A product.
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