Infor Lawson Cash and Treasury Managementwebinars1.infor.com/americas/20150226-FMS.pdf1 Infor Lawson...
Transcript of Infor Lawson Cash and Treasury Managementwebinars1.infor.com/americas/20150226-FMS.pdf1 Infor Lawson...
1
Infor Lawson Cash and Treasury ManagementRose M. Alsup, Senior Product ManagerJeff Hvass, Principal Solution Consultant
2Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Today’s agendaWhat is Infor Lawson Cash and Treasury Management?
How can it help your organization?
See the new application
Wrap Up and Q&A
3Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Cohesive, upgrade-proofapplications
Deep, last mile features for industry
sub-sectors
Compelling user interfaces and consumer-grade
experiences
Infor Product Strategy
Architectureof the Internet
Micro-verticalsSuites Beauty
4Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Automation of cumbersome business processes
Increased visibility into cash position
Optimize working capital
Increase accuracy and timeliness of cash forecasting
Reduce financial risk and fees
Streamline integration to GL
Infor Lawson Cash and Treasury Management – Now Available
5Copyright © 2014. Infor. All Rights Reserved. www.infor.com
How are customers managing cash and treasury processes today?• Homegrown automation• Independent pockets of processing• Data keyed in manually, often into different
systems• Many manual reconciliations• Much data stored on paper• Spreadsheet based – limited audit trail,
manual entry of figures• Separate inter-departmental processes
6Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Allina Health – 2 years agoProfile• 11 Hospitals
• 90+ clinics
• 15 Pharmacies
• Specialty Medical Services
• Hospice, Homecare, Palliative Care
• Home Oxygen and Medical Equipment
• Emergency Medical Transportation
• Located throughout Minnesota and Western Wisconsin
• www.allinahealth.org
Business Challenges• Redundant and Manual processes• Labor intensive and risk of errors• Manual cash position and cash forecasting
Solutions• Excel-based and home grown cash and
treasury applications• Infor Lawson Financials and Procurement
7Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Allina Health – Now in ProductionProfile• 11 Hospitals
• 90+ clinics
• 15 Pharmacies
• Specialty Medical Services
• Hospice, Homecare, Palliative Care
• Home Oxygen and Medical Equipment
• Emergency Medical Transportation
• Located throughout Minnesota and Western Wisconsin
• www.allinahealth.org
Solutions• Infor Lawson Cash and Treasury Management• Infor Lawson Financials and Procurement
Results• Automated cash forecasting and cash position• Centralized bank information• More efficient bank statement processing• Improved check reconciliation• Streamlined bank fee analysis
8Copyright ©2014 Infor. All rights reserved.
“"By being able to monitor every cash transaction for accuracy and timeliness electronically, our organization has been able to increase efficiency with faster access to data. We are able to eliminate any potential errors or human oversight throughout the entire process, giving us more confidence in our cash position reporting."
- Bill Imholte, Finance Manager, Allina Health
- Jerome Houizot, Treasury Services Manager, Allina Health
9Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Infor Lawson Cash and Treasury Management
Daily Cash Position
Trends and Analysis
10Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Infor Lawson Cash and Treasury Management
Bank Statement Polling and Processing
Cash Reconciliation
Create Journal Entries
11Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Infor Lawson Cash and Treasury Management
Direct Forecast User Forecast
12Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Infor Lawson Cash and Treasury Management
Manage Bank Information
Analyze and Reconcile Bank Fees
Track Correspondence
13Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Infor Lawson Cash and Treasury Management• Role Based Menus and Security
• Cash/Treasury Manager• Cash/Treasury Analyst• Cash/Treasury Accountant• Cash/Treasury Administrator• Viewer/Approver
• JAVA–based framework technology• Hosted or on-Premise deployment• Tightly coupled with Lawson Applications
• Versions 9.0.1 and 10
14Copyright © 2014. Infor. All Rights Reserved. www.infor.com
• Role based functionality and security
• Export data views to Excel and PDF
• Embedded Dashboards and Analytics
• Audit• Configuration of Views• Leverage Infor Process
Automation for workflows• Leverage Infor Spreadsheet
Designer for data import/export
Pervasive Features
15Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Cash Management Roles Cash and Treasury Management functions
Cash Analyst Maintain cash accounts, manage bank statements, perform reconciliations, upload and analyze bank fee service statements, update cash forecasts, and create cash positions
Cash Manager Create cash forecasts, monitor cash account statuses, and manage cash positions
Cash Accountant Make postings to Infor Lawson General Ledger
Cash Approver Approves or rejects cash forecasts
Cash Security Administrator Link security classes to roles, link roles to actors, link actors to specific cash accounts, and exclusive access to the security menu
16Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Infor Lawson Cash and Treasury Management
Manage Bank Information
Analyze and Reconcile Bank Fees
Track Correspondence
Bank Statement Polling and Processing
Cash Reconciliation
Create Journal Entries
Direct Forecast User Forecast
Daily Cash Position Analysis
17Copyright © 2014. Infor. All Rights Reserved. www.infor.comCopyright © 2013. Infor. All Rights Reserved. www.infor.com 17
Product DemonstrationJeff Hvass
18Copyright © 2014. Infor. All Rights Reserved. www.infor.comCopyright © 2013. Infor. All Rights Reserved. www.infor.com 18
Wrap Up
19Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Infor Lawson Cash and Treasury Management Role based Functionality
• Cash Position and Cash Forecast• Bank Account Administration• Bank Data Polling and Processing • Bank Statement Reconciliation• General Ledger Journal Entry Interface• Bank Fee Analysis• Embedded Analytics and Dashboard
Reporting• Alerts and Notifications• Debt and Investment Management
(Planned for 2015)• Can be implemented with Lawson
applications or Stand-alone
20Copyright © 2014. Infor. All Rights Reserved. www.infor.com
Infor Lawson Cash and Treasury Management BenefitsReplace Manual Processes
• Bank relationships• Bank account statement retrieval• Bank statement reconciliation• Journal entries and GL interface
Increase Visibility• Bank accounts, permissions, and balances• Daily cash position • Cash in flows and Cash out flows• Short and long term Cash forecast• Working capital
Reduce Risk• Errors
• Bank data polling• Bank fee overcharges• Spreadsheet based cash reporting• GL entry coding and posting
• Fraud • Account permissions• Bank transactions
• SOX regulatory compliance • Role based • Pervasive audit
21Copyright © 2014. Infor. All Rights Reserved. www.infor.com
More information needed?
Twitter@InforfromSource
Infor Lawson Technology Bloghttp://blogs.infor.com/S3Tech
Infor Xtreme Supporthttp://inforxtreme.com
Infor Lawson Applications Blog(From the Source)http://blogs.infor.com/financialapplications/
Infor Communities http://inforcommunities.com
22Copyright © 2014. Infor. All Rights Reserved. www.infor.comCopyright © 2012. Infor. All Rights Reserved. www.infor.com 22
23Copyright © 2014. Infor. All Rights Reserved. www.infor.com