Hadley Group improves performance management on Infor PM software
1 min read
Cold rolled steel manufacturer Hadley Group says it has extended its investment in Infor software to improve the agility of its budgeting and forecasting, initially in the UK and Germany.
Mike Collier, business systems manager at Hadley, says the company, which serves the automotive, construction and aerospace industries, had outgrown its Excel spreadsheets and manual process, which typically took more than three months to conduct every year.
He says the firm chose Infor's PM 10 because it could integrate with the firm's existing Infor ERP Baan system, which would automatically provide some of the data feeds.
He also cites its ability to deliver an end-to-end solution, covering budgeting, forecasting, planning, consolidation, reporting and analysis, all from a single database.
"In the current economic climate, moving to a rolling three month budgeting schedule, as opposed to analysing out-of-date annual plans, makes perfect sense for better business planning. Our adoption of PM 10 goes hand in hand with a change in our culture as we shift focus from a constant, time intensive analysis of our financial information to management by exception," says collier.
Beyond performance management, Hadley Group is also piloting an upgrade on the ERP side to Infor ERP LN, the latest version of the former Baan software. This is currently being conducted in a test environment in the UK before adopting and rolling out to other sites.
Says Collier: "Technology is pervasive throughout our group – from the barcodes that track our goods-in right through to the PCs we have in the canteen that staff use to book time off for their own holidays.
"2010 is a busy year for us with the roll out of our new PM and BI solution, the deployment of the Infor ERP software to more of our international operations, together with the evaluation of ERP LN."
