M3

Leveraging the newest technology, Infor M3 is a cloud-based ERP solution for manufacturing and distribution that offers a multicompany, multicountry, multisite platform with strong analytics and an outstanding user experience. Industry-leading capability for the chemical, distribution, equipment, fashion, food and beverage, and industrial manufacturing industries is available with Infor M3 and related CloudSuite industry solutions.

Infor M3 is designed for medium to large global manufacturers, distributors, and after-sales service providers – delivering flexibility to manage mixed-mode and complex value chains. Cashbook help organisations who use M3 to achieve spectacular levels of automation in Cash Application, Accounts Payable and Bank Reconciliation.

Here at Cashbook, we are experts at rapidly integrating with multiple ERP platforms. Cashbook is a bolt-on ERP software solution that sits between the ERP and your bank. Cashbook software supercharges your financial automation capability.

To directly update the ERP Accounts Receivable and General Ledger. Cashbook populates the M3 FCR040 work file. We use the M3 GLS037 program to process the Cashbook transactions from the FCR040 work file into the ERP Accounts Receivable FSLEDG, and to update the General Ledger FGLEDG. In using the M3 GLS037 program to update the M3 sub-ledgers it means the Cashbook transactions in FCR040 are validated before posting into the sub-ledgers.

To automate your Accounts Payable for the ERP, we would import the open vendor AP invoices into Cashbook from FSLEDG. We would then apply payments against these invoices in Cashbook. Subsequently applying the payments to the ERP sub-ledgers, we create the payment file, you review it and then send to your bank.

To automate the Bank Reconciliation process for the ERP, Cashbook would take the General Ledger data from FGLEDG. Then, your bank statements would be automatically imported into Cashbook. Data from your General Ledger is compared directly to your bank statements and auto-matching takes place. Any exceptions can be manually processed as write-offs or carried forward to the following month. Reconciliations can be done on a daily, weekly or monthly basis.

Our Collections Management tool links directly with AR invoice data for AR collections automation. One central hub to log and store all notes, calls, letters, emails and see lockbox images. Giving collectors a clearer picture of the account with near real-time information in one place – a dream for any collector.

Cashbook adapts deduction management to any bank file or remittance format and route deductions for speedy review and approvals. We create reason and deduction codes directly from remittance data, regardless of ERP. Any deductions on an outstanding invoice can be assigned to the deductions team for immediate investigation. Automate the deductions process and start recovering substantial revenue that is usually lost in the deductions process.

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Cashbook have worked with a variety of companies who use this ERP. They come from a variety of industries, including Manufacturing, Equipment and Food & Beverage. For companies that operate multiple ERPs, they appreciate the added benefits of Cashbook’s cross platform integration. Examples of our customers include Epiroc and Hain Daniels Group.