Infor, a provider of business application software serving over 70,000 customers, has announced that Emkay Global, a financial services company that creates investment opportunities for its clients across India, has successfully deployed Infor10 Financials Business (SunSystems). Infor10 Financial Business enables the Emkay Group to regularly analyze data from real time reporting of the company’s General Ledger accounting. Infor worked together with its channel partner Mondial IT Consultants Pvt Ltd, who created the value proposition and undertook the implementation at Emkay Global.
Emkay Global needed to control costs and make cost allocations to various strategic business units (SBU) of the company in a secure environment. This required capturing information at the data entry level and reporting upon those which was enabled through the implementation of Infor10 Financials Business (SunSystems).
Financials Business now helps thirty finance and accounts members to capture additional value add information in real time. Financials Business works on a client server architecture whilst also providing capabilities for working over the Web. Prior to deploying Financials Business Emkay Global used Trade Plus and Tally systems in different SBUs.
The project team faced two key challenges while deploying Financials Business; to work within the set timeline of making the software live and interfacing with existing applications. A delay in making the system live would have caused a huge backlog to be fed in the new solution.
“The key for us is cost control and interfacing with our other solutions to provide real time information. We chose Infor10 Financials Business as we needed a long term and scalable application which is well suited to the needs of a company in the financial services industry, like ours, without having to customize the software,” said Saket Agarwal, AVP, Accounts & Finance, Emkay Global. “The solution gave us complete flexibility as it works on our server architecture and has the capability to be deployed over the Web.”
Souma Das, Vice President, Sales and Managing Director, India, said, “With 20 years of experience built into it, our Financials Business application can help customers integrate multinational financial management and local accounting systems to create unparalleled visibility across global operations. It helps provide a streamlined process that keeps them in control of their financial resource management with greater information access, visibility and control than ever before.”