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Why an Enterprise Should go for an Infor ERP LN Upgrade?
By coservesolution at 1 Sep 2015 - 08:00

Why an Enterprise Should go for an Infor ERP LN Upgrade?

For enterprise owners, running a business has become more like a juggling act, trying to balance complex competing pressures like lower inventory and better customer service with unpredictable demand, or global outsourcing with increasing compliance regulation.


And that's not all. When you consider that enterprises typically have to manage across different systems on diverse platforms across multiple sites, competing effectively in a global marketplace can become overwhelming.




Faced with these challenges, many enterprises turn to an Enterprise Resource Planning (ERP) solution. ERP software can integrate business processes across departments onto a single enterprise-wide information system. In our previous blog post (4 Reasons to Consider an Infor ERP LN Upgrade for Your Business) we have discussed the positive impact of an ERP LN upgrade on an enterprise. In this post, we will take the discussion further and delve into the other areas where an Infor ERP upgrade can show remarkable results.

  1. Currency System

The currency system defines how amounts are calculated and registered. The following currency systems are available in ERP LN:

  • Standard Currency System - A currency system in which foreign currency transactions are translated straight from the transaction currency to the local currency, without triangulation through the reference currency. By default, reporting currencies are directly translated from the transaction currency into the reporting currency; however, reporting currencies can also be translated from the local currency.
  • Single Currency System - A single currency system, if all the enterprise units of a company use a single currency to register, calculate and report amounts.
  • Independent Multi Currency System - An independent multi currency system in countries, with an unstable local currency. For example, you can report to the tax authorities in the local currency and use a more stable currency for the company's financial management. You can use an independent multi currency system in both a single company environment and in a multi company (multiple countries) LN environment.
  • Dependent Multi Currency System - You use a dependent multi currency system in a stable currency environment. For example, if you have enterprise units in different countries or if you want to use multi currency accounting for other reasons. When the Euro is introduced in Europe, companies operating there got the right to do their accounting in both the local currency and Euro by using a dependent multi currency system.


The currency systems from previous versions of LN are replaced by the standard currency system. For compatibility reasons, the other currency systems are still available.


2. Chart of Accounts-Dual Accounting

The dual accounting indicator as the title suggests is used to indicate the accounting scheme (consists of ledger accounts structured in a parent-child hierarchy) to which the ledger account belongs. The accounting scheme can be either statutory or complementary. Statutory is a ledger account, used for official accounting purposes according to legal requirements, whereas complementary is a ledger account that you can use for the amounts that are complementary to the accounts in the statutory accounts. For example, you can link a statutory account and a complementary account to a parent account. If you print the Management Report based on the parent accounts, the report LN adds the amounts in the complementary account to the amount in the statutory account. This can be best explained through the below example:

Expenses incurred (to be shown to the tax authorities) - 400000.00
Expenses incurred (to be shown to the management) - 500000.00

Statutory Account should show value of - 400000.00
Complementary Account should show value of - 100000.00

Therefore, the Total Expense Account - 500000.00

The amount reported to the tax authorities will be - 400000.00
The amount reported to the Management will be - (400000 + 100000) 500000.00

This feature has been best designed in LN, which makes the whole accounting process a tad easier. Thus, you can define separate structures of ledger accounts for fiscal reporting to the government and for commercial reporting to your company's management.

  1. Enhanced Dimension Accounting

Unlike the previous version of Baan, wherein the numbers of dimensions were restricted up to 5, the newer versions have been designed to accommodate up to 12 dimensions. Also, provision has been made to choose between detailed split-up into dimensions or retained earnings. Dimensions are assigned at invoice header level. All these, in turn provide better insight into the financial position of the company. It also enables the creation of a fully operational balance sheet and profit and loss account by the business unit. All these would ultimately benefit in cutting the implementation time and offering quick but beneficial results to the company. Dimension accounting has been extended and the setup is more flexible. The following enhancements have been made:

  • The dimensions for the Accounts Payable and Accounts Receivable control accounts can be defined on several levels. These dimensions are also used for the invoice-related transactions such as currency results, early payment discounts, payment differences, and unallocated payments. To determine the dimensions, Baan searches these levels from the most specific to the least specific. For details, refer to Dimension Accounting.
  •  In ERP LN, the Interim Closing account is known as the Retained Earnings account. In the Company Parameters (tfgld0103s000) session you can use the Dimension Accounting on Retained Earnings. Check box to indicate whether the entries on the Retained Earnings account must be split up into dimensions.


  1. Improved Financial Integration Mapping

The mapping of the integration transactions is defined centrally in the General Ledger module of Financials. You can use the Mapping Scheme session to set up an integration mapping scheme for mapping of the operations management transactions to ledger accounts and dimensions.

  • Add text to document mapping - You can edit texts or read the text, depending on the authorization.
  • Error and warning detection - LN comes equipped with another fascinating option, the error and warning tab. With this type of omission or inconsistency, the mapping scheme can still be used. Depending on your mapping and reconciliation requirements, you can either accept or solve the warnings. A mapping scheme that contains errors cannot be used. Depending on your mapping and reconciliation requirements, you can either accept or solve the warnings. As a result of the check, LN updates the mapping scheme version status.
  • Adaptation command - For the integration document types that belong to the same reconciliation group and for which the reconciliation group description is other than End Account, LN can copy the mapping and adapt it where necessary.

To map the integration transactions, or integration document types, you must link one or more element groups to the integration document types. Before you select the elements of an element group, it is recommended that you link the element group to an integration document type. LN only displays the mapping elements that apply to the integration document type. You can link an element group to multiple integration document types, provided that the mapping elements of the group are available for all the integration document types. If you do this, the ledger account mapping or the dimension mapping of those integration document types will be exactly the same. The element group, not the integration document type, defines the ledger account mapping and the dimension mapping.

If you change the mapping for one integration document type, you change the mapping of all the integration document types that use the element group. It adds the integration document types of the same reconciliation group to the mapping scheme.

  • Compression option by Integration Document Type - Integration transactions can be compressed before they are posted. For each integration document type, you can indicate whether the debit transactions and /or the credit transactions must be compressed. By default, the transactions are not compressed. If the following properties have the same values, the transactions can be compressed:


-The business partner

-The financial source company

-The financial destination company

-The transaction type / document series

-The ledger account and dimensions

-The transaction currency

-The financial year and period, the tax year and period, and the reporting year and period

  • Export / Import function - Using this function you can import/export the integration mapping scheme.
  • Remap Posted Integration Entries - If the transaction was successfully mapped to the integration ledger accounts and dimensions, you can post the transaction. If required, you can remap the transaction with a different mapping.
  • Operations Management (Financial Reconciliation) - During reconciliation, you can establish whether the general ledger correctly reflects the Operations Management transactions. If the ledger accounts do not balance, you can create the required correction transactions. The integration mapping scheme setup and the reconciliation data must be thoroughly considered prior to implementation. The most suitable and informative setup can only be designed, with a good understanding of the integration mapping and reconciliation possibilities and after an accurate analysis of your business processes. The setup of the integration mapping scheme and the setup of the reconciliation data are two independent processes. However, the design of the integration mapping scheme can be influenced by your reconciliation requirements.


5. Open Entry 360 Dashboards

Use a dashboard session, to access multiple sessions that are related to a specific object in a quick way. Examples of objects are item, work center, or project. By means of a dashboard, a user, for example, an engineer or a shop floor planner, can easily carry out all tasks related to his/her job. Relevant details of the object are presented on the dashboard, as well as the possibility to open the sessions in which additional information for the object is stored. A dashboard session consists of the following parts: 

  1. Details - The Details group box displays information about the object.
  2. Links - A series of links (2) is presented to start sessions that are related to the session's object. A check mark indicates whether the link already contains information related to a selected record of the object.
  3. Object - For the dashboard's object (3), a number of records is listed.
  4. If you select a record, the record's details are displayed in the Details group box (1).
  5. If you select a record, you can click the links in the Charts and Documents group box, to display, maintain, or create information related to a record.


Accounts Receivable 360 - Use this session, to perform accounts-receivable related tasks and to retrieve accounts receivable information. You can view and maintain various types of accounts receivable information such as sales invoice information and invoice-to and pay-by business partner information.


 Accounts Payable 360 - Use this session, to perform accounts-payable related tasks and to retrieve accounts payable information. You can view and maintain various types of accounts payable information, such as purchase invoice information, invoice-from and pay-to business partner information, and payment-related information.


To summarize, the dashboard gives the user a quick overview of the status of a specific object without having to open all related sessions immediately. With a dashboard, a user can easily perform a specific task.

6. Factoring

A form of accounts receivable financing that consists of the sale of a company’s accounts receivable to a third party (the factor), in order to obtain funding. The sale is made at a discount, from the account’s value. Factoring can be with or without recourse. For factoring with recourse, the risk of customer non-payment remains with the company. LN supports factoring of your outstanding receivables and payment of purchase invoices to factors used by your suppliers. You can use this session, to re-assign already registered invoices from a pay-to business partner to a factor, or from one factor to another factor. These sessions also display the factoring commission so that you can see how the net invoiced amount was calculated. You can change the amount, the factoring commission, and the pay-by business partner.

No votes yet

by helloakshay on September 9, 2015 - 10:34am
good and helpful

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