BDO Certifies Infor10 Financials Business (SunSystems) as IFRS Compliant

Farnborough, UK - 19 October 2011

Infor10 Financials Business Provides Leading Financial Management Capabilities that Enable Global IFRS Compliance.

Infor, a leading provider of business software and services serving more than 70,000 customers, today announced that BDO Audit & Assurance B.V., a premier accounting, tax, financial advisory, and consulting organisation, has certified Infor10 Financials Business (SunSystems) as International Financial Reporting Standards (IFRS) compliant. BDO’s certification is the result of an extensive audit of the IFRS compliance capabilities, reliability and continuity in Infor10 Financials Business. The certification demonstrates the ability of the solution to enable companies to adhere or transition to IFRS standards and sustain compliance over time.

Infor10 Financials Business enables organisations to meet IFRS compliance across multiple countries, organisational structures and existing business system configurations. The solution can be used across the enterprise as a single financial management solution or leveraged at individual business units, subsidiaries and locations to enhance IFRS compliance and other reporting and analysis requirements.

• Infor10 Financials Business’ open architecture is designed to enable integration with existing ERP, financial and other systems to deliver enhanced global reporting and analysis capabilities in a cost effective manner.

• Infor10 Financials Business facilitates multi-reporting requirements. In addition to IFRS, the solution enhances management reporting, local GAAP (Generally Accepted Accounting Principles,) tax and other financial reporting and analysis requirements.

• Implementing Infor10 Financials Business to help ensure IFRS compatibility enables greater financial and operational transparency so companies make better fact-based decisions.

• Infor10 Financials Business reduces risk and improves financial controls by providing a tested and configurable solution to help meet global IFRS and other regulatory reporting requirements.

• More than 9,000 customers in more than 150 countries around the world use versions of Infor10 Financials Business (SunSystems).

“Infor10 Financials Business is IFRS compliant and expertly designed to enable organisations to adhere or transition to these complex standards,” said Jur de Vries, Partner Information Technology at BDO Audit & Assurance B.V. “With more than 100 countries now requiring IFRS adherence, a system like Infor10 Financials Business has become a critical tool for any company with global operations. The solution allows companies to approach compliance efforts strategically, relieving some of the most substantial pain points of global businesses. Additionally, those companies who choose to be proactive about IFRS will most likely be awarded with a process that is less costly and disruptive.”

"BDO’s certification of Infor10 Financials Business as IFRS compliant is a critical validation of our ability to offer customers improved business performance and reduced business risk,” said Rod Radojevic, director, solutions management, Infor. “What sets Infor10 Financials Business apart is its global financial management capabilities, multidimensional reporting and analysis, extended financial capabilities and a unified ledger that provides faster access to key business information.”

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