Which product is - Non-Profits, Associations & Philanthropic Organizations
- Local, State and Federal Government Agencies
- Biomedical Research Organizations
Infor PM for Non-Profits, Associations and Philanthropic Organizations
In the non-profit industry, resources and programs must be managed effectively to get the most value for each dollar spent. Organizations need flexible and adaptable software solutions to manage budgets and monitor the funds for current projects and available funds for future projects. Infor PM reduces the time and complexity of formulating a budget, projecting future trends and monitoring variances between the actual expenditures and the approved budget.
What you’ll get:
- #1 performance management and budgeting product on the market
- Guided workflow and email alerts
- Financial modeling capabilities to determine scenarios for funding grants
- Built-in budget submission monitoring and approval process
- Excel interface that permits real-time updates to the database
- Built-in financial intelligence
- Currency translation to facilitate funds provided to foreign organizations
- Production reporting capabilities and dashboards to monitor grants throughout the life cycle
Why you want it:
- Provides a centralized solution for everyone to share rather than working in a spreadsheet-only budgeting environment
- Sends notifications automatically via email of exceeded threshold tolerance amounts between budgeted versions and actual expenditures
- Enables financial managers to manage the software rather than relying on IT staff
- Reduces costs by using flexible technologies
Infor PM for Local, State and Federal Government Agencies
In the public sector, the pressure to be accountable and transparent comes from all angles. The amount of discretionary budget dollars decreases each year as interest on the debt, Medicare, Medicaid and Social Security take up an increased percentage of budgets. Simply put, the cost of a failed program is too high. With new initiatives like the American Recovery and Reinvestment Act, it is critical that governments find new techniques for managing and monitoring taxpayer dollars.
With Infor PM, you get a fresh perspective and a real solution to managing funds at all levels of government, even the ability to share data in the same system on an inter-governmental basis. Hierarchical budgeting and reporting capabilities enable users from local, state and federal government agencies to share information in the same system and view summary or detail slices of the information.
What you’ll get:
- #1 performance management and budgeting product on the market
- Hierarchical budgeting and reporting capabilities
- Financial integration with all government financial systems
- Ability to produce comprehensive budget books
- Inter-governmental capabilities to share information at all levels of government
- Built-in budget submission monitoring and approval process
- Excel interface that permits real-time updates to the database
- Built-in financial intelligence
- Production reporting capabilities and dashboards
Why you want it:
- Reduces costs by streamlining budget operations
- Provides real-time modeling environment to modify financial assumptions
- Provides a centralized solution for everyone to share rather than working in a spreadsheet-only budgeting environment
- Increases knowledge of program effectiveness and return on investment
- Sends notifications automatically via email of exceeded threshold tolerance amounts between budgeted versions and actual expenditures
- Enables financial managers to manage the software rather than relying on IT staff
See Infor PM in action in the government arena: Strategic Planning and Performance Management: Research Initiatives Management System (RIMS) – National Institute of Allergy and Infectious Diseases Case Study
Infor PM for the Biomedical Industry
In the biomedical research industry, time is money. The faster decisions can be made based on reliable information, the sooner cures can be discovered. Analyzing research project costs can be a daunting task. Facility, animal and human costs can get buried in general overhead accounts without notice. Finding the true cost of a program and determining if it’s effective could mean transferring funds to a more successful project and increasing the overall return on investment. With Infor PM, you now have the ability to manage the financial aspects of biomedical research projects in one system.
What you’ll get:
- #1 performance management and budgeting product on the market
- Guided workflow and email alerts
- Detailed budgeting for human resources scenario planning
- Capability to track all expenditures associated with research projects
- Built-in budget submission monitoring and approval process
- Excel interface that permits real-time updates to the database
- Built-in financial intelligence
- Production reporting capabilities and dashboards
Why you want it:
- Provides a centralized solution to identify the true costs and effectiveness of research projects
- Identifies overachieving projects that can be supplemented and underachieving projects that can be eliminated or scaled back
- Sends notifications automatically via email of exceeded threshold tolerance amounts between budgeted versions and actual expenditures
- Enables financial managers to manage the software rather than relying on IT staff
- Reduces costs by using flexible technologies
See Infor PM in action in the biomedical arena: Budget Formulation and Execution: Analysis of Integrated Resources (AiR) – National Institute of Mental Health