Infor Performance Management selected by Thailand 's leading shipping company
8th October 2007 Thoresen Thai Agencies Public Company Limited (“TTA”), one of the largest public companies in Thailand , has selected Infor PM Business Process Applications (“BPAs”) to improve its strategic decision-making and performance analysis capabilities. Metro Infotech, an Infor partner based in Bangkok , is deploying the solution.
Infor PM BPAs are interoperable modules for Strategic Management, Planning and Budgeting, Forecasting, and Financial Consolidation. TTA is currently implementing phase one of the installation, Budgeting, which goes live this year. TTA selected Infor PM BPAs based on its ease of implementation, ease of use, and a rich feature set that includes Microsoft Office Excel integration, streamlined approval processes, and unique visualization capabilities. Prior to selecting the Infor solution, TTA relied on different processes and solutions which needed to be manually consolidated and it took time to analyze company-wide performance.
“We needed a single unified performance management solution that addressed our requirements, and one with a short implementation time,” said M.L. Chandchutha Chandratat, Managing Director of TTA.
Infor's PM BPAs impressed Mr. Chandratat by easing the complexity of financial reporting and reporting processes, eliminating spreadsheet inaccuracies, and fulfilling regulatory compliance requirements. In addition, it will allow the company to meet their targets and objectives by creating and comparing “what if” scenarios.
Mr. Chandratat added, “Infor PM Business Process Applications will help our organization to align, optimize, and understand our organization's performance – and ultimately increase our efficiency and productivity levels.”
“Thoresen Thai Agencies Public Company Limited is a leader in a highly competitive, global industry,” said Mr. Yongyut Srivantaneeyakul, Metro Infotech's Managing Director. “Through our partnership with Infor, we can quickly deliver a unified performance management solution that will keep them ahead of the competition.”