NEW YORK — Infor, a leading provider of business application software serving more than 70,000 customers, has 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 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."
The first Infor ERP application within the recently launched Infor 10x suite, this release provides access to the latest Infor innovations in social, mobile, analytics and cloud technologies, and Infor plans to incorporate Infor Ming.le, 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.
"Infor's product development strategy is focused on ensuring software is flexible, agile and easy to use," comments Duncan Angove, president, Infor. "Infor M3 is the first product to incorporate Infor 10x, our latest enterprise release that includes a reinvented HTML5 user experience and the new Infor Ming.le collaboration platform packaged within the ION integration framework. We look forward to the latest version of Infor M3 exceeding expectations of what business software stands for."
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.
In addition to sales, finance, warehouse management and procurement features, specific industries will benefit from the following:
Fashion businesses will see numerous enhancements to their e-commerce platform such as showroom ordering, style visibility, lookbook, season orders and greater configurability.
Food & beverage companies will see better tank tracing and lot blending, features for ultra-fresh food planning, enhanced warehouse mobility support, ageing and shelf-life management, and lot status and numbering improvements.
Distribution companies will see enhancements to delivery management through simplified movement of inventory between locations, pick corrections prior to pick list reports, new load building step for shipments, grouping of shipment packages to same distribution point, and greater control of output of pick lists.
Equipment companies will see enhanced lifecycle visibility, consistent parts pricing, new rental features, and a new warranty parts storage solution.
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in 194 countries improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.