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Infor SunSystems Accounting

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192 views

Infor SunSystems Accounting

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DATA SHEET

SunSystems Accounting
The complete ledger accounting solution

Meet change with confidence


SunSystems Cloud
Traditional financial management systems often lock you into rules, structures, and
business models that can’t evolve to meet changing needs. Infor® SunSystems has the can transform the
agility to work the way you want, empowering you to meet change with confidence finance function
and easily manage business growth.
Innovate faster
SunSystems® delivers all aspects of accounting management, including nominal
ledger, payables and receivable ledgers, cashbook, multi-currency, and • React to ever-evolving market
multi-dimensional analysis from one single source. Thanks to SunSystems’ inherent changes and pursue new
flexibility, organizations can meet evolving accounting and reporting requirements. business opportunities, more
It captures detailed data directly at the source and allows you to see performance up quickly and cost-effectively
close by breaking transactions down to their individual details. Whether the needs of
Embrace digital transformation
the business change or processes are being revised, new data can be captured
whenever it’s needed, and analysis can be performed on that data immediately. • Combine business processes
with modern technology
SunSystems uses a unified ledger to hold all financial transactions in a single,
integrated transaction set. Fast, easy access to information ensures you’ll Simplify compliance
never be out of balance. You can easily report across all transactions without
requiring reconciliation and all transactions are posted as part of the same data • Security and compliance
set simultaneously. updates can be pushed
out automatically to the
entire organization

infor.com
Infor SunSystems Overview

Process automation and workflow

Modern flexible desktop/


Analytics
mobile user experience

Accounting

Corporate
Collaboration Allocations Sales Extensibility

SunSystems
powered by
Fixed Asset
Accounting Purchasing
Single role based
Data fabric services
security service
Query &
Analysis Inventory

Integrated hub
Machine learning
& API Gateway

Document repository

Satisfy global requirements Multi-calendar


While only one accounting period can be specified on a
Whether you deploy in the cloud or on-premises, SunSystems
transaction, different accounting periods can be created for
includes all the functionality needed to effectively manage
reporting. As data is retained at the transaction level, it can be
international growth—enabling organizations to launch into
reaggregated to different periods as required.
new markets quickly and efficiently. SunSystems is the only
financial management solution with this level of comprehensive
functionality built in. This functionality includes: Multi-language
SunSystems can be run as a single system, running
Multi-company simultaneously in multiple languages, and with different
users accessing the system in the language of their choice.
Multicompany support is standard for most business
The 16 core languages are Arabic, Brazilian-Portuguese,
accounting systems, but SunSystems takes this further with
Chinese Traditional, Chinese Simplified, Czech, English,
support for configurations of each business as separate locales
French, German, Italian Japanese, Korean, Polish, Russian,
within one deployment. Each configuration can have its own
Spanish, Thai, and Turkish.
base currency, chart of accounts, and business rules to meet
local requirements. Each configuration can have its own
independent setup, or multiple companies can be supported
within a single business entity.

infor.com SunSystems Accounting 2


Multi-currency Smart transactions for localized reporting
SunSystems supports four currency dimensions for each SunSystems allows you to define additional data to be captured
transaction: transaction currency (variable), base currency (fixed and stored on all source transactions, as well as refine what
per business unit), reporting currency (fixed per business unit), data is required for different accounts or types of transaction.
and fourth currency (variable). “Variable” means the fourth For example, for a travel-related expense posting, you may
currency code may vary line by line with the ability to address choose to capture the employee code or the destination. You
sophisticated requirements, such as branch accounting in can change the data capture requirements and add new
different currencies, tracking values by a charity’s donor, or dimensions. Smart transactions allow you to manage additional
other payment currency (which is distinct from the transaction data requirements that arise from local accounting practices,
currency, or the local or corporate accounting currencies). even when the requirements change.

Multi-tax Combine business processes with modern technology


SunSystems’ tax calculation capability is simple, but flexible, By extending the use of SunSystems with Infor Operating
addressing most tax requirements within core product. For Services (OS) as the underlying technology platform,
some more complex calculations, SunSystems can integrate SunSystems users get a modern unified experience and the
with common taxation platforms and provide automated ability to create configurable workflows and alerts to help
maintenance of rules and rates. optimize business processes.

This platform will allow customers to create user definable


Parallel charts of accounts alerts and workflows such as being notified when there is a
Organizations can have various charts of accounts structures for material difference on the balance between periods on sensitive
different entities. This supports the requirement of some balance sheet account or be notified if a transaction over a
countries to code financial data to a statutory chart of accounts particular amount has been posted to say the suspense
structure. Acquired entities may continue to operate a historic account, or to approve a ledger posting or the creation of a new
coding structure, and different lines of business can utilize other nominal or analysis code.
structures that are more appropriate. Multiple charts of
accounts can be maintained for each company, making it SunSystems users also get access to another component of
easy to apply different reporting perspectives to the same Infor OS, Infor Document Management (IDM), which allows
financial transactions. organizations to store and retrieve in-context information to
enhance the user experience. Documents can be uploaded
and retrieved from SunSystems functions such as bank
Parallel books for different accounting treatments
statements against the bank account, supporting documents
In addition to the actual accounting transactions, another 10 for ledger postings, contracts or terms and conditions against
books (transaction sets) are available for each company. These Supplier records.
books share the same accounting structure and setup but hold
separate transactions—allowing the capture of budgets and Integration with third-party cloud and on-premises solutions
commitment transactions, as well as enabling adjustments to can be achieved via Infor ION®, a component of Infor OS that
be recorded for alternative treatments (such as local GAAP, US enables SunSystems to connect with both Infor and non-Infor
GAAP, SORP, IFRS, USALI, or tax adjustments). applications, services, and data sources.

infor.com SunSystems Accounting 3


Get the information you need when you need it
SunSystems’ unified ledger provides fast and easy access to Explore SunSystems further
smart transactions that deliver data and detailed contextual
• SunSystems overview
information. Whether it’s from a general ledger, sales and
purchase ledger, or even a user-defined ledger, all the ledger • Fixed Assets Accounting
data is combined in one place without having to wait for batch
updates or reconciliations. You’ll be able to close your books • Corporate Allocations
faster, resulting in lower costs and greater efficiencies.
• Sales

• Purchasing
Expand operations
• Inventory
Infor SunSystems has additional modules that include
requisitioning, purchasing, sales order processing, and • Query and Analysis
inventory management. These modules allow organizations to
• SunSystems Connect
expand operations in a seamless fashion and leverage extended
business capabilities. • Why move your financial software to the cloud

LEARN MORE
Follow us: t f l b y

Infor is a global leader in business cloud software specialized by industry. Over 65,000 organizations in more than
175 countries rely on Infor’s 17,000 employees to help achieve their business goals. Visit www.infor.com.

Copyright© 2022 Infor. All rights reserved. The word and design marks set forth herein are trademarks and/or registered trademarks of Infor and/or related affiliates and subsidiaries.
All other trademarks listed herein are the property of their respective owners. www.infor.com.

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