Infor dEPM's consolidation software offers a web-based solution - that simplifies data collection from business units no matter where offices are located across the globe. Thanks to its built-in import functions, it seamlessly maps varied ledger systems, charts of accounts, and ERP systems, and brings it all into one standardized, consolidated group. This makes sure that the entire organization has access to the same data, whether it be through an Excel add-in or through a web browser. Needless to say that this offers greater control and confidence in financial reporting. The software meets all local and national standards, such as GAAP, Sarbanes-Oxley, and IFRS - making it one reliable solution.

In addition to handling financial data, the system can also consolidate budget and forecast data from the Budgeting and Planning module - thus offering deeper insights into business performance. It is also capable of automating group journal postings, making the consolidation process more efficient. Last, but not the least, with a detailed/ thorough audit trail, Infor dEPM ensures transparency in financial reporting, thereby proving to be value to both auditors as well as shareholders.

Infor dEPM simplifies business budget planning by offering a unified platform for efficient data gathering, thus ruling out the need for multiple spreadsheets and reducing errors. The solution features a structured planner and approver workflow, allowing users to add comments directly to the data, thus leading to better collaboration and transparency.

It comes pre-packaged with customizable sub-plans like Workforce Budgeting, Capital Planning, and Sales Planning. In fact, Infor dEPM can be tailored to meet each organization/ company’s unique needs. It supports cost allocation by specific drivers and allows for phased budgeting based on parameters like headcount or seasonality.

But there’s more to this piece of software! Since Infor dEPM operates on a single database, it allows easy comparisons between budget, forecast, and actual results - thus leading to deeper insights into business performance. Moreover, budget and forecast amounts can be integrated with the Consolidation module, making group level budget analysis possible, for a more holistic view of financial health.

• Save time on data collection and budgeting by streamlining the process.
• Rule out the hassle of version-control with real-time updates and centralized access.
• Automate key tasks such as calculations, roll-ups, currency conversions, and more, to minimize errors and boost efficiency.
• Track budget submissions and results to ensure accountability and transparency.
• Plan salaries and assets for more precise and accurate budgeting.
• Set up automatic alerts to quickly address unexpected changes/ issues.
• Easily tweak budgets in response to changing/ evolving business conditions, keeping plans relevant and aligned with company goals.
• Use data-driven insights to set realistic performance expectations for management, shareholders, employees, and other stakeholders.

• Ensure compliance with local as well as global accounting standards such as GAAP, FASB, IAS, IFRS, and Sarbanes-Oxley. This makes it easier to meet complex reporting requirements.
• Gain better process control by centralizing the storage and management of data. This leads to better organized and consistent financial practices.
• Accelerate financial consolidation and reporting by automating critical tasks - be it consolidation, data loading, or verification, thus reducing time and lowering chances of errors.
• Allows handling of multiple currencies. So, you can collect, process, and report data globally while analyzing the impact of currency fluctuations on financial outcomes.
• Simplify complex adjustments like minority interest, intercompany eliminations, recurring adjustments, and cost allocations through automation. All this makes the financial statements more accurate/ robust.
• Consolidate data from multiple perspectives, such as production lines or geographic regions, while comparing performance over different time periods, like month-on-month or year-on-year.
• Turn raw data into actionable insights by comparing actual results against budgets and forecasts. This helps businesses make better, informed decisions.