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What is Infor SunSystems?

Infor SunSystems® stands out as an innovative and intuitive financial management platform, designed not only to meet the current financial demands but also to remain flexible in the face of future challenges. This progressive finance ERP increases visibility across all essential operational elements, transforming financial information into actionable insights that enhance profitability. Users benefit from real-time access to extensive finance and accounting data that adheres to various GAAP and updated IFRS standards. The system facilitates the division or reassignment of existing ledger data, enabling the efficient management of intercompany account balances and the creation of new transactions. By consolidating all asset transactions within a single ledger, it provides immediate transparency on registries, as well as on profit and loss and balance sheet accounts. Moreover, it allows users to comprehensively manage sales, purchasing, and inventory processes while easily retrieving associated documents. Through the automation of tasks, reduction of manual inputs, and improvement of accuracy via integrated BI, AI, and advanced tools, organizations can significantly lower costs and optimize their operations, thus creating a more effective financial environment. This thorough strategy not only supports businesses in maintaining their financial health but also equips them to thrive in an increasingly competitive market. Ultimately, Infor SunSystems® serves as a vital tool for organizations aiming to enhance their financial management and operational efficiency.

What is Functional Finance?

Functional Finance acts as the pivotal mechanism for managing insurance billing and payments, efficiently handling the monetary transactions post-policy decisions. Situated between the policy management system and the general ledger, it expertly processes policy-related events such as bindings, endorsements, cancellations, and reinstatements while executing financial obligations with accuracy. This system skillfully manages billing, invoicing, payment collection, cash application, treasury routing, and payables for distribution partners, accommodating diverse models including agency billing, direct billing, installments, and premium financing. Payments are meticulously applied at both the policy level and individual line items, ensuring that commissions and remittances are consistently aligned while providing a clear audit trail for each transaction. As a result, this creates a financial operations framework that is inherently aware of policy specifics, replacing cumbersome manual reconciliation processes with streamlined, scalable practices that significantly boost operational efficiency. The seamless integration of these functionalities not only enhances reliability but also promotes a transparent financial landscape within the insurance industry, ultimately contributing to improved stakeholder trust.

Media

Media

No images available

Integrations Supported

Fedelta Point of Sale

Integrations Supported

Fedelta Point of Sale

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Infor

Date Founded

2002

Company Location

United States

Company Website

www.infor.com/solutions/erp/sunsystems

Company Facts

Organization Name

Functional Finance

Company Location

United States

Company Website

functionalfi.com

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

ERP

Accounting Integration
Accounting Management
CRM
Dashboard
Distribution Management
Enterprise Asset Management
Financial Management
HR Management
Inventory Management
Order Management
Project Management
Purchase Order Management
Purchasing
Reporting/Analytics
Sales Management
Supply Chain Management
Warehouse Management

Financial Management

Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

Categories and Features

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