Infor launches first major ERP update for 2024
Infor recently unveiled its first major update for 2024 and Steve Brooks, joint Editor at Enterprise Times and Senior analyst at Synonym Advisory, shares an article highlighting the latest from the tech giant.
Infor Gen AI. “Another big announcement with this release is the emergence of generative AI capabilities. Eamonn Ida, Head of Solution Marketing, Infor OS Platform, said, ‘We’re very excited to announce Infor Gen AI, all new generative AI capabilities that are being developed across Infor CloudSuites that will further enhance our industry AI solutions.’ These new developments are underpinned by three tenets: A hyperfocus on industry value creation, The democratization of AI benefits throughout organizations, and Maintaining data privacy and security.”
Infor ESG Reporting. “ESG reporting will initially be available for customers in process, distribution, fashion, and discrete manufacturing. The new reporting solution includes dashboards and built-in templates to support common ESG reporting frameworks such as the Global Reporting Initiative (GRI) and European Sustainability Reporting Standards (ESRS). The templates are automatically populated using data held within Infor ERP, spreadsheets, and other applications. The solution will enable organizations to deliver improved accuracy, transparency, and consistency in their ESG reporting. It simplifies data collection and enables users to identify the root causes of omissions or anomalies.”
Infor Value+. “Infor Value+ accelerators are broken down into three categories: 1) Value+ Automation Flow: These aim to automate common processes across organizations that are current pain points. 2) Value+ Insights: AI analyses data to surface insights and actions that will help organizations highlight revenue opportunities and improve business KPI. 3) Value+ Advanced Workspaces: These surface business intelligence and key information that people need to do their jobs within their function and industry.
Additional industry updates were announced among Infor’s current platforms, including Infor M3, Infor LN, Infor Syteline, Infor Financials, Infor HCM, Infor Workforce Management, and Infor MES.
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