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Powered by Cashbook, Electronic Banking for System i Manages Cash, Reduces Errors, Increases Productivity and Visibility

Tue, 07/27/2010 - 4:13am
The Associated Press

Infor (http://www.infor.com/) , the leading provider of business software for mid-market companies, today announced Electronic Banking for System i (http://www.infor.com/systemi/) , powered by Cashbook (http://www.cashbook.com/) . The full banking solution will provide customers a complete cash management system with a central interface, allowing users to process, pay and reconcile cash through one application with immediate updates reflected in the ERP (http://www.infor.com/solutions/erp/) system. The solution enables companies to streamline and automate critical time-consuming processes and reduce risk of error.

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What Formica Says"The electronic banking solution that we use from Cashbook has enabled us to dramatically reduce the number of bank accounts and time taken to complete payment runs, as well as provide complete visibility into our global cash balances at all times," said David Bailey, financial accountant, Formica. "We've successfully used the solution to complete AR Drafts and Direct Debits projects, Bank Statement Upload processes for 20+ accounts, payroll file imports across Europe, and to create a new global payment system for our European payments."

What We Say"Infor continues to demonstrate its commitment to our System i-based customers by enhancing and innovating our ERP systems to bring greater efficiency and improved performance," said Kari Miller, senior director, System i Product Management, Infor. "Partnering with Cashbook, whose electronic banking solutions have been at the forefront of the industry since 1992, to integrate cash management into the ERP is the latest proof-point to our commitment to our more than 15,000 customers on the System i platform."

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At Infor, we work with a core belief. We believe in the customer. We believe that the customer is seeking a better, more collaborative relationship with its business software provider. And a new breed of business software: created for evolution, not revolution. Software that's simple to buy, easy to deploy and convenient to manage. Our 70,000 customers in more than 100 countries stand with us. We look forward to your sharing in the results of our belief. There is a better way. For additional information, visit www.infor.com (http://www.infor.com) .

About Cashbook LimitedCashbook Limited provides Cash Management and Electronic Banking solutions for over 100 customers in 20 countries around the world. Cashbook is a multi-site, multi-currency, multi-lingual solution which radically reduces the time needed to perform day-to-day tasks in finance departments. www.cashbook.com (http://www.cashbook.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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