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Infor LX | Infor LN | BPCS | Baan | Infor M3

Harnessing the Power of AI to Help Manufacturers Sell More at the Right Time

AI: Transforming Manufacturing—From Production to Profitability

As AI reshapes industries, manufacturers ask critical questions: How will customers discover and purchase products in an AI-driven world? And how can companies keep pace with these advancements?

At Crossroads RMC, we address these challenges with our AI Readiness Assessment (AIRA). An AIRA creates a clear, actionable digital roadmap, significantly boosting efficiency, accuracy, and strategic capabilities. This assessment ensures a smooth, swift AI transition.

AI Readiness Assessment targets key Financial areas:

  • Cash Flow Management: AI improves cash flow forecasting, identifying potential shortfalls before they impact operations.

  • Cost Control: By analyzing spending patterns, AI reveals areas for cost reduction; maintaining quality and efficiency.

  • Financial Forecasting: AI uses historical data and market trends to enhance forecasting accuracy, empowering strategic financial decisions.

AI Readiness Assessment targets key Operations areas:

  • Production Planning: AI optimizes production planning by analyzing data and forecasting demand, helping to balance workloads and minimize downtime.
  • Supply Chain Disruptions: AI predicts potential disruptions and suggests alternative suppliers or routes, enhancing supply chain resilience.
  • ​Quality Control: AI detects defects in real-time and predicts quality issues before they occur, leading to higher consistency and fewer recalls.


AI Readiness Assessment targets key Technology areas:

  • Data Management: AI organizes, analyzes, and develops actionable insights from data.
  • Security and Compliance: AI enhances cybersecurity measures by detecting anomalies and potential threats in real-time, and automates compliance checks to ensure adherence to regulatory standards.
  • ​Performance Monitoring: AI continuously monitors system performance and identifies areas for improvement, ensuring optimal operation.
     

AI Readiness Assessment target key Executive areas:

  • Operational Visibility: AI integrates data from various sources to provide real-time visibility into all aspects of the business, enhancing oversight and control.
  • Risk Management: AI analyzes market trends, supply chain data, and internal processes to identify potential risks and recommend mitigation strategies.
  • Market Competitiveness: AI provides insights into market trends, customer preferences, and competitor activities, helping executives stay ahead of the curve.

How the Crossroads/Aleran can help you modernize your business through the use of AI (27:36)

Watch our video to learn more!

Connect with us at 800.762.2077, solutions@crossroadsrmc.com, or request an AI Readiness Assessment to start your path towards a flexible, future-proof ERP.
 

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George Moroses

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Tips:  LX | BPCS | M3

Enterprise General Ledger (EGL) provides audit attributes to track journal entry changes and approvals.

To implement this enhancement, you can request and apply MR 81026.

This enhancement provides audit attributes for the last maintained user, date, time, and approval user, and date, and time on the Financial Journal Entry and Financial Journal Entry Lines. This audit function provides visibility to who and when the journal was last maintained and to who and when the journal was approved.

The programs or areas impacted include:

  • Financial Event
  • Financial Journal Entry
  • Financial Journal Entry Line
  • Financial Journal Entry Detail Line
  • Post Multiple Events

Did you know CLD provides you with the following benefits?

â–Ş You can journalize and post-transaction data from any third-party application or Infor LX subsystem to the Configurable Ledger (CLD).

â–Ş You can generate multiple journal entries across different charts of accounts, ledgers, and books within the CLD from one transaction line.

â–Ş You can automatically post transaction amounts across different books using an appropriate exchange rate between the batch transaction currency and target book currency.

â–Ş You can use validation reports to identify validation errors within the files that contain batch transaction data and then you can make any necessary corrections before resubmission.

â–Ş You can use standard CEA grouping and summarization options for journals created during Batch Transaction Processing.

â–Ş You can interface GLD journal entries into CEA for the BPCD version of Infor LX. This allows data to be interfaced into CEA without changing the way data is processed through Infor LX subsystems.

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Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

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