Integrated approach provides increased efficiency through automating manual integration processes
ATLANTA - March 22, 2007 - Infor announced today that Pankl, a global developer, producer and distributor of engine systems, drive systems and chassis components for motor racing, high performance cars and aerospace, has gone live on Infor Performance Management Enterprise Planning and Infor Performance Management Consolidation.
Infor's performance management solutions will now provide Pankl with the ability to improve and streamline financial reporting through the integration of financial information for enterprise-wide transparency. Pankl benefits from improved data quality and consistency, and saves valuable time by standardizing accounting workflows and automating processes such as debt consolidation.
"Infor provides us with a single, integrated financial reporting system, leading to accurate and timely reporting," says Mag. Norbert Passler, Group Controller at Pankl. "Business specific standards combined with flexibility for easy customization made Infor our first choice."
Continuous growth made the company look for a flexible, comprehensive solution to automate former manual processes, removing discrepancies in data and providing real-time financial information to the management.
Pankl chose Infor for its integrated approach, covering both financial planning and consolidation while using a single, high performance database. Infor enables Pankl to report sales transactions on product by customer, showing enterprise-wide impact on revenues, open receivables or profit. In addition, critical production and HR performance indicators can be calculated and reported with Infor.
Infor was recognized by Pankl as providing a low cost of ownership since the functional footprint of the solutions came with Pankl's business-specific requirements built-in as standard. For example, Infor provides Pankl with guided workflow capabilities, automated processes, built-in financial functions, and pre-built reports.
"Accurate and efficient planning and reporting processes are key to supporting enterprises in today's competitive market environments. Infor helps Pankl to achieve a consistent view of all key performance indicators to react more quickly to changing business requirements," continues Mag. Norbert Passler.
Infor's comprehensive PM solutions help companies achieve greater alignment between business strategies and financial and operational performance. Infor PM includes applications for strategic planning, planning and budgeting, forecasting, financial consolidation, expense management, subsidiary management, scorecarding, reporting, and industry- and role-based analytics. With Infor, organizations can work with a single vendor that delivers business-specific solutions with best practices and industry experience built-in. The end result for customers is gaining accurate information more quickly to improve performance across the organization.
Headquartered in Bruck/Austria, Pankl Racing Systems AG develops, produces and distributes engine systems, drive systems and chassis components for motor racing, high performance cars and aerospace. In these niche markets, Pankl scores with lightweight components made from high-grade and innovative materials designed to withstand extreme mechanical stress. The main markets for Pankl's products are Europe, the USA and Asia. These markets are served by a global support infrastructure with bases in Austria, the UK, Slovakia, USA and Japan. For further information, visit www.pankl.com.
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.