Lycamobile dials into unified financial management with Infor
- 28.02.2020 05:26 am
Infor, a global leader in business cloud software specialised by industry, today announced that Lycamobile, the world’s largest international mobile virtual network operator (MVNO), has invested in Infor SunSystems. Set to be rolled out to 24 countries, SunSystems enables consistent visibility of financial figures and inventory stocks for every Lycamobile franchise and subsidiary around the world. This will help save costs by improving control of expenditure, and also help enable faster, more meaningful reporting.
Infor SunSystems will replace the various financial management systems currently in use across all Lycamobile territories with a unified solution. Following a thorough review of the market, Infor SunSystems was chosen as it offered not only the flexibility of accurate localised tax reporting and language capabilities but also a consistent, single system of record for head office reporting, in real-time.
The first phase of the roll out will include the UK, France, Portugal and Spain and will be implemented by Lawrence Campbell, an approved Infor service partner. Following the initial phase and a comprehensive knowledge transfer programme, Infor SunSystems will be rolled out to the remaining 20 countries by a project team within Lycamobile.
“We have an incredibly broad and geographically diverse portfolio spanning 5 continents that generates a lot of complexity,” said Michael Landau, Group CFO, Lycamobile. “Each of our companies has unique needs in a range of languages but still necessitate meaningful and consistent data reporting for head office. Infor SunSystems offers the flexibility and standardisation required to deliver the complex international, multi-disciplinary reporting we need.”
“Global reporting for large, diverse companies such as Lycamobile presents a real challenge,” said Tim Truesdale, director of product management, SunSystems, Infor. “Firstly, the information must be operationally relevant and compliant at the local level. Secondly it also needs to be consistent and meaningful enough for head office to turn information into intelligence on which to base decisions. This is a lot to ask and demands technology that can span issues of language, workflow and user interfaces. This is where Infor SunSystems delivers huge value for many companies throughout the globe.”