Introduction
Infor Financials & Supply Management (FSM) is a complete, end-to-end financial management solution for sourcing and procurement professionals in large and midsize organizations. It offers comprehensive capabilities across all areas of source-to-contract, procure-to-pay, and supplier management. Infor FSM provides complete visibility to the financial aspect of the sourcing and procurement process, fully integrated with other business processes including RFP and scorecarding, contract creation, supplier onboarding, and development, purchase order management, invoice processing, payments, supplier performance management, accounts payable and accounting – all delivered in the cloud
Drive down costs and improve supply resilience
Infor FSM is a comprehensive financial management solution for sourcing and procurement professionals in large and midsize organizations. It delivers on the mission to make companies solid by driving down costs, improving supply resilience, and increasing customer satisfaction through better visibility into their finances.
Infor FSM supports all aspects of financial management including:
- Procurement planning & purchasing (PP&P) - creates an actionable roadmap that helps you optimize your PP&P processes while avoiding wasteful spending
- Supplier relationship management - tracks relationships with vendors across multiple locations or suppliers
- Price negotiations - allows users to negotiate prices directly from within their ERP system
Comprehensive capabilities across all areas
Infor FSM offers comprehensive capabilities across all areas of source-to-contract, procure-to-pay, and supplier management. In particular, you can use Infor Financials & Supply Management (FSM) for:
- Sourcing and procurement – find new suppliers based on your business requirements; establish a partnership with them by sharing information about your business operations; manage the relationship from start to finish.
- Supplier management – monitor performance against agreements in real-time through your suppliers' ERP system; compare prices across multiple vendors so you can make informed decisions about which products/services will be best suited for your company's needs.
- Supply chain management – create complex work orders by combining multiple orders into one request; track inventory levels at multiple stores or warehouses so that users know when stock levels are low enough to order more products than usual or place large orders at certain times during a given month/quarterly cycle
Complete visibility of the financial aspect of the sourcing and procurement process
Infor FSM provides complete visibility to the financial aspect of the sourcing and procurement process, fully integrated with other business processes including RFP and scorecarding, contract creation, supplier onboarding and development, purchase order management, invoice processing, and payments.
Industry-specific functionality
Infor FSM is designed for the entire lifecycle of indirect spending, from procurement through to delivery. This functionality enables enterprises to better manage indirect spending across multiple categories and bring improved cost savings across all of these areas. Infor FSM offers a comprehensive set of features that enable you to manage your indirect spending more effectively.
Infor FSM is a comprehensive financial and accounting ERP that is ideal for small-to-medium-sized businesses. It has been designed to meet the needs of midsize organizations, as well as large corporations. The platform includes integrated supply chain management, as well as other tools such as order management and inventory control.
Infor FSM can be installed on either Windows servers or Linux servers. The application itself works with Oracle databases, but it also offers support for Microsoft SQL Server (2000), MySQL (MySQL), and PostgreSQL (Postgres).
Conclusion
Infor FSM is the financial management solution of choice for sourcing and procurement professionals in large and midsize organizations, delivering on the mission to make companies solid by driving down costs and improving supply resilience.