Infor LN: ERP for Finance in Manufacturing Companies

The general ledger is the central hub: All accounting-related transactions converge here.

• Posting keys and posting categories structure data entry and automation.
• Posting templates support allocations across multiple accounts and subaccounts.
• Automatic postings generate parallel entries based on defined rules (e.g., percentage allocations).
• Account reconciliation—including tolerances and reconciliation entries—reduces manual work to resolve discrepancies.
• Period logic (invoicing, reporting, and VAT periods) ensures order in the closing process.

Postings from purchasing, sales, inventory management, manufacturing, and projects are automatically transferred to the general ledger via defined integration postings. This results in a consistent financial representation of operational processes without manual subsidiary ledger entries.

Analytical Subaccounts (Dimensions)

With up to twelve subaccount types, you can analyze journal entries from various perspectives without bloating your chart of accounts. Using hierarchies, you can view figures in a structure that fits your company.

Dimensions can be used, for example, for plants, projects, product lines, business segments, or sales regions. This allows you to map multi-company or matrix organizations without unnecessarily complicating the chart of accounts.

Infor LN provides end-to-end support for accounts receivable and accounts payable processes—from invoice creation, reminders, and payment receipt, as well as invoice receipt with verification, reconciliation with goods receipt, and approval, all the way through to outgoing payments. Creditworthiness and blocking rules ensure security, while structured reconciliations and workflows provide control. Centralized overviews support accounting and credit management in day-to-day operations.

• Credit checks & credit profiles for greater security in the order-to-cash process.
• Open items, historical analyses, and balance confirmations for clear customer management.
• Multi-stage, multilingual dunning and interest billing.
• Blocking flags for problematic invoices (e.g., complaints)—without disrupting collections
• Factoring and bills of exchange according to country- and bank-specific practices
• 360° overview as a central entry point for case processing and credit management.

Incoming invoices are automatically reconciled with purchase orders and goods receipts (3-way reconciliation). Discrepancies can be managed using tolerance parameters or blocking notes. Goods-on-consignment (WoR) items and provisional accounts are clearly reported and adjusted on an accrual basis.

The payment system consolidates outgoing and incoming payment processes—whether manual or automated.

• Payment proposals/direct debit proposals with authorizations and limits.
• Electronic account statements, including automatic reconciliation of open items.
• SEPA/ISO 20022 and bank-specific layouts.
• Recurring payment orders for recurring payments.
• Liquidity forecast based on invoices, purchase orders, sales/project orders, and budgets.

Open items can be automatically reconciled upon payment, taking into account discount periods, currency differences, and partial payments. Bank statements are imported and automatically assigned to open items by the system.

The liquidity forecast takes into account not only open invoices but also planned cash flows from purchase orders, project orders, sales orders, and budget figures. This provides a forward-looking view of cash flow based on actual ERP data—not just historical entries.

Infor LN closely integrates management accounting, cost accounting, and budget control with operational processes. In manufacturing environments, standard costs, actual costs, and production variances are systematically compared. Activity, consumption, and price variances are automatically incorporated into management accounting. Project-related costs can be allocated on an accrual basis.

Budgeting & Planning

• Individual sub-ledger accounts for comparing budgeted and actual figures.
• Activity-Based Costing (ABC) for more accurate post-project costing and transparency regarding cost drivers.

Cost Accounting

• Cost Analysis and Activity Allocation at the Individual and Summary Levels
• Highlighting Variances Such as Utilization, Consumption, and Over-/Under-Coverage

Budget Control

• Real-time budget review (e.g., purchase requisition, purchase order, invoice)
• Budget hierarchies with “buckets” (budget account + amount) for flexible control
• Workbench/dashboard for budget managers, including exceptions and notifications
• Budget transfers and changes with audit trail

Budget reviews can be required prior to operational postings—for example, for purchase requisitions, capital expenditures, or project postings—while approval workflows and budget hierarchies ensure audit-compliant control.

Asset Accounting supports the entire lifecycle:

• Record, capitalize, reclassify, depreciate, and retire fixed assets
• Depreciation across multiple valuation areas
• General ledger postings for depreciation and revaluation
• Drill-down to the source document for traceability

Multiple valuation areas allow for parallel depreciation methods—for example, under commercial law, tax law, or within a corporate group. Depreciation and revaluations are automatically posted to the general ledger.

Infor LN uses integration postings to automatically convert operational processes from purchasing, sales, inventory, and projects into financial entries. Reconciliation accounts and integration reports enable systematic reconciliation between the logistics and financial modules. This allows discrepancies to be identified early and resolved on a period-by-period basis.

Using the Reports module, you can define financial reports, assign accounts and subaccounts, and use hierarchical structures.

• View reports as PDF/HTML; export to Excel/Word
• Drill down from the report level to the transaction—and all the way to the logistics source
• Flexible reporting currencies (including currencies other than the local currencies)
• Financial reports are also available in the multi-tenant cloud

Yes, LN maps multi-company structures and supports cross-company and cross-group postings, including clearing accounts.

Yes, the payment system supports, among other things, payment proposals, direct debits, SEPA/ISO 20022, and the import of electronic account statements with automatic reconciliation.

Financial entries are automatically generated from operational processes and seamlessly transferred to the general ledger via integration entries—without any manual intermediate steps.

Yes, in addition to transaction currencies, Infor LN supports multiple functional and reporting currencies, including historical exchange rates.