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July 27, 2010

Infor introduces cash management system for IBM System i

Allows users to process, pay and reconcile cash through one application

By CBR Staff Writer

Business software provider Infor, and electronic banking offerings provider Cashbook have partnered to create Electronic Banking for System i, an integrated cash management system for companies running on the IBM System i platform.

Infor said that Electronic Banking for System i will provide customers a complete cash management system with a central interface, which allow users to process, pay and reconcile cash through one application with immediate updates reflected in the ERP system.

The offering, which sits atop the ERP system, enables companies to streamline and automate processes and reduce risk of error. It includes modules for electronic payments, bank reconciliation, bank lockbox/automation, direct debits, and bank statement uploads.

Kari Miller, senior director of System i Product Management at Infor, said: "Infor continues to demonstrate its commitment to our System i-based customers by enhancing and innovating our ERP systems to bring greater efficiency and improved performance.

"Partnering with Cashbook, whose electronic banking solutions have been at the forefront of the industry since 1992, to integrate cash management into the ERP is the latest proof-point to our commitment to our more than 15,000 customers on the System i platform."

Electronic Banking for System i is available for Infor ERP LX, Infor ERP BPCS, Infor ERP System 21, and Infor ERP XA.

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