Industry Today - Are you into it?
New Users - Register click here
Software has Helped Credit Insurance Company Integrate Domestic Systems, Enhance Visibility and Foster Future Growth.
Posted via Industry Today. Are you into it? Follow us on Twitter @IndustryToday
São Paulo, November, 2011 - Infor, a leading provider of business application software serving more than 70,000 customers, today announced that Coface Brazil, a leading credit insurance company, uses Infor FMS (SunSystems) to manage finance processes, allowing it to close its books more quickly and accurately, whilst providing real time reporting across its operations. Coface has decided to further expand implementation to other 8 countries in Latin America.
News Points
• Due to good results obtained with Infor FMS (SunSystems) in managing finance processes, Coface Brazil, has decided to expand implementation to 8 other countries in Latin America: Argentina, Chile, Colombia, Costa Rica, Ecuador, Mexico, Peru & Venezuela.
• Infor FMS (SunSystems) will help Coface improve costs within the region by standardizing all processes to better enable compliance with existing regulations in the region.
• Sale, implementation and support is provided by ITG, an Infor channel partner.
• ITG also customized the solution according to local electronic signature regulations (SPED Contabil) and to generate reports for SUSEP, the Insurance Regulation Agency in Brazil.
• Coface can now manage more processes and reports, and generate more reliable reports with accurate data optimizing headcount.
• The deep domain functionality and inherent business specific capabilities within Infor FMS (SunSystems) helped Coface close its books in a matter of days, driving significant efficiency and productivity benefits.
• The reliability and robustness of Infor FMS (SunSystems) has enabled the finance team to focus on running the business while the system processes financial data and documents.
What Coface says
"With Infor FMS (SunSystems) we can now record all details corresponding to each operation, even the individual credit price, making our accounting process much easier", states Hugo Mourão, regional IT manager, Coface. "Now with the solution what we did manually is now automatic and we can see data in real time without requesting IT department for the information", Hugo adds.
What ITG says
"With more than 20 years of experience built in, Financials Business helps thousands of businesses such as Coface solve their everyday problems, while supporting their growth plans. Infor's unmatched support and industry-specific expertise can make the difference for global organizations that want to stay on top of local jurisdictional reporting and taxation requirements while reducing risk, lowering costs, and reaching top financial performance", states Mauro Sapiro, ITG Director.
What Infor says
"Time and financial management have become key issues for organizations looking to maximize the value and efficiency of the available resources. Infor FMS (SunSystems) enables companies such as Coface to integrate and streamline local and multinational financial resource management processes from end to end. By doing so, they achieve a reliable view of financial performance across the entire enterprise, as well as the flexibility and control necessary for adapting to the demands of even the most challenging business environment", states Robert Faricy, senior vice president, Infor Latin America.
About Coface.
Coface, with headquarters in France offers to companies of all sizes, business sectors and nationalities a full and modular range of products with the aim of optimizing their trade receivables management: credit insurance, factoring, services of business information, debt collection and invoice management. With 6400 employees, it offers services in 66 countries.
About Infor
Infor is a leading provider of business software and services, helping more than 70,000 customers in 164 countries improve operations and drive growth.
Contact Information
Media Queries
Press office
Communications Department
UK
NN4 0RQ
BACK TO TOP