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BDO Certifies Infor10 Financials Business (SunSystems) as IFRS CompliantInfor10 Financials Business Provides Leading Financial Management Capabilities That Enable Global IFRS Compliance (October 19, 2011)
ATLANTA, GA -- (Marketwire) -- 10/19/11 -- Infor, a leading provider of business software and services serving more than 70,000 customers, today announced that BDO Audit & Assurance B.V., a premier accounting, tax, financial advisory, and consulting organization, has certified Infor10 Financials Business (SunSystems) as International Financial Reporting Standards (IFRS) compliant. 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.
- 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 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 to help ensure IFRS compatibility enables greater financial and operational transparency so companies make better fact-based decisions.
- Infor10 Financials Business 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).
"Infor10 Financials Business is IFRS compliant and expertly designed to enable organizations to adhere or transition to these complex standards," said Jur de Vries, Partner Information Technology at BDO Audit & Assurance B.V. "With more than 100 countries now requiring IFRS adherence, a system like Infor10 Financials Business has become a critical tool for any company with global operations. The solution allows companies to approach compliance efforts strategically, relieving some of the most substantial pain points of global businesses. Additionally, those companies who choose to be proactive about IFRS will most likely be awarded with a process that is less costly and disruptive."
"BDO's certification of Infor10 Financials Business as IFRS compliant is a critical validation of our ability to offer customers improved business performance and reduced business risk," said Rod Radojevic, director, solutions management, Infor. "What sets Infor10 Financials Business apart is its global financial management capabilities, multidimensional reporting and analysis, extended financial capabilities, and a unified ledger that provides faster access to key business information."
BDO is the fifth largest network of public accounting firms in the world, employing a staff of over 46,000 in 119 countries. We remain focused on helping our clients navigate ever-changing economic and market conditions by providing high quality advice and service on a consistent basis. To learn more about BDO, please visit www.bdointernational.com.
Infor is a leading provider of business software and services, helping more than 70,000 customers in 164 countries improve operations and drive growth. To learn more about Infor, please visit www.infor.com.
This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.
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