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Infor LX Tips, Infor LN Tips, BPCS Tips, Baan Tips, Infor M3 Tips & Infor ERP News

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Infor ERP Tips & News from the Experts

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

Crossroads RMC

Finance: How much time are you wasting on manual processes?

Time-consuming processes around month-end close, year-end close, AP matching, invoicing, account reconciliation, vendor payments, tax compliance, and more can weigh down a Finance team. Your business and your customers’ needs have changed and you are in a constant battle to keep up. It's hard to know which area to tackle first and where the greatest impact can be made.

That's where the Crossroads RMC Finance Utilization Review comes in.
Whether you're on an old version of BPCS or Baan, or the latest version of Infor LX or Infor LN, odds are there are aspects of Finance in the ERP system that doesn't fit your business's current strategy. Do you throw out the software and start with something new? Odds are that is overkill. Sometimes it just boils down to taking the time to understand how your current state matches up with your corporate strategy, understanding the gaps, and developing a plan to get you from point A to point B.

We have successfully helped companies transform their business in the areas of:

  • Procure to Pay
  • Record to Report
  • Quote to Cash
  • Financial Planning & Analysis

Our Finance consultants have 30+ years of experience that bring about REAL change. We work at your pace and in a way that makes the most sense to your business. Our consultants can review current usage and related business processes of your entire ERP system, or a particular area like Finance, and make recommendations that will reinvigorate your ERP system and those that use it.

A utilization review can be performed 100% remotely via phone or web meeting, or in person, following safety guidelines.

Get started > with a FREE 1-hour phone assessment to determine if your business can benefit from a Finance Utilization review!

Sources: Hackett Group & McKinsey.com

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Tips:  LX | BPCS | M3

What items should be MPS planned, and what items should be MRP planned?
Master Scheduled Items are those items that are finished goods, or service items, that receive their requirements either specifically from Independent demand, or both Dependent and Independent demand.

  • Independent Demand is demand that cannot be calculated from higher-level demand in the product structure, and therefore must be either a forecast or an actual customer order (Finished Goods or Service parts sold to customers).
  • Dependent demand is derived from higher-level demand in the product structure. Dependent demand includes components, raw materials, and sub-assemblies. (these are not normally Master Scheduled Items).
  • Service Parts may have both independent demand from forecast and/or customer orders, as well as dependent demand from higher-level demand if that item is also used in other sub-assemblies or products.
  • Cumulative Lead Time is a concept used in Master Production Scheduling (MPS) that combines the “fixed” lead time, and the “variable” lead time needed to produce the product. It is the longest path through a given Bill-of-material. Based on the MPS setup options, Infor LX (ERP LX) will calculate the cumulative lead time (also called “the Critical Path”) for you (use the “indented BOM” display in BOM300 and find the item with the longest lead time “L/T”). Note: You may have to use Action 21, Line Detail, to see the “L/T” lead time for each item.
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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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