NEW YORK— Infor, a provider of business application software, announced the availability of a new release of Infor M3, the next generation of its ERP application focused on the specific needs of key vertical industries. This version sees more than 500 improvements tailored to the respective needs of the distribution, equipment, fashion, chemicals, and food & beverage sectors. In addition, a new accelerator pack makes it faster to deploy, as major functional enhancements can be added without the need to install an entirely new version of the software.
The first Infor ERP application within the recently launched Infor 10x suite, this release provides access to innovations in social, mobile, analytics and cloud technologies, and Infor plans to incorporate Infor Ming.leTM, Infor’s new platform for social collaboration, business process improvement, and contextual analytics. This would allow users to capture corporate knowledge, contextualize business processes and follow news, workflows, and content in real-time.
Functional improvements span all areas and include alignment of payment terms to customer order lines, better allocation of discounts, clearer management of markups, markdowns and exclusions, improved backorder prevention, simplified processing of kits, and enhancements in item replacement capabilities in order entry.
The finance interface is easier to use and sees simplification of supplier invoices, improved reconciliation between logistics and general ledger, advanced payments in AP and AR, dynamic credit limits, increased analytical capabilities, and better VAT and taxation management. Inventory management sees improved statistics on demand status, enhanced ability to update items, user defined lot numbering rules, and lots with multiple statuses.
“The latest generation of Infor M3 is an example of our commitment to innovation, deep vertical industry functionality and speed,” comments John Gledhill, global director, Infor M3 product management. “The 500+ improvements in Infor M3 13.1, combined with the new accelerator pack concept, means that regardless of whether an organization makes and distributes trousers, tortellini or tractors, they can benefit from functionality specific to their business – quickly. Crucially for both existing and new customers, the latest application has the infrastructure base to enable future new functionality to be implemented without the need for a major upgrade project.”