Press Release Summary:
With region and time zone support throughout system, ERP LX features multi-currency and transaction translation capabilities, payment options, and localized settings. It enables wide variety of payment options for credit card processing, allows organizations to handle their data and transactions in appropriate date and time for manufacturer, facility, warehouse, customer, or vendor, and displays costs in customers regional currency for global support.
Original Press Release:
Infor Helps Process Manufacturers Expand Global Market Share
Infor ERP LX Feature Pack 2 Delivers New Features; Enables Multinational Organizations to Drive Business Growth
ATLANTA - May 22, 2007 - Infor today announced new functionality for Infor ERP LX that will enable process manufacturers to more effectively compete in the global marketplace. The new features will allow companies to expand into foreign markets by delivering enhanced multi-language and -currency capabilities, allowing organizations to deploy a single instance of LX around the globe.
LX has always provided users with comprehensive multi-currency and transaction translation, expanded payment options and localized settings. Feature Pack 2 expands these global capabilities by adding region and time zone support throughout the system, cost inventory in local currencies, and enhanced multi-language capabilities. Additionally, multinational companies will benefit from a single global ledger across their operation, thereby reducing the need for data consolidation and improving operational efficiency.
Manufacturers face many challenges as they try to lower costs and enter new markets, such as local regulatory and reporting requirements. Without a comprehensive view of the entire enterprise for accurate demand and compliance planning, companies risk regulatory exposure and losing market share. The new features in LX allow companies to extend best practices in these areas to operations in other markets by supporting regional variances such as language, currency and time.
"Entering foreign markets can seem like a daunting task for many process manufacturers," said Mike Frichol, vice president of industry and product marketing for Infor. "LX is a great example of how Infor continues to evolve its solutions to help companies face the challenges of today's global economy and ensure sustainable market growth."
LX FP2 continues to help manufacturers improve planning, promotional governance and customer service, reduce total cost of quality, minimize total cost to serve, improve, enhance overall efficiency and productivity, and streamline complex manufacturing and distribution processes. LX on IBM System i continues to minimize the total cost of ownership.
Highlights of LX Feature Pack 2 include:
Credit Card Processing - Enables a wider variety of payment options to be offered to customers
Region and Time Zone Enhancements - Provides organizations the option of handling their data and transactions in the appropriate date and time for the manufacturer, facility, warehouse, customer, or vendor
Multi-Language Segment Descriptions - Supports multi-lingual organizations
Enhanced Costing - Displays costs in customers regional currency for greater global support
Ohio-based industrial packaging and services company Greif chose LX FP2 for its enhanced capabilities which enable the manufacturer to manage its more than 160 locations around the world. With LX, Greif is well positioned to serve its multinational customers.
"Globalization offers an epic opportunity for growth and profitability," said Ken Andre, vice president, corporate controller and CIO for Greif. "The latest enhancements to LX will allow us to more effectively manage our global operations to provide our customers with unsurpassed service."
LX is a comprehensive ERP solution for enterprising organizations in multi-mode manufacturing, with business-specific capabilities for food and beverage, chemicals, pharmaceuticals, biotechnology, and consumer packaged goods. New customers will benefit from LX's expanded facility parameters which improve an organization's ability to plan, source, schedule, and store items in a multi-facility environment by allowing each facility to determine the best way to manage an item within that facility.
Infor delivers business-specific software to enterprising organizations. With experience built in, Infor's solutions enable businesses of all sizes to be more enterprising and adapt to the rapid changes of a global marketplace. With more than 70,000 customers, Infor is changing what businesses expect from an enterprise software provider. For additional information, visit www.infor.com.