Document management software provider Version One recently announced its global partnership agreement with Infor, a provider of business software for mid-market companies.
Version One (including U.S.-based sister company, V1 Document Management) is now an international partner for document management and imaging software with Infor.
Under the terms of the agreement, Infor is re-selling Version One's end-to-end document management portfolio tightly integrated into its FMS SunSystems, FMS SmartStream, FMS Masterpiece, and ERP SX.enterprise financial management and enterprise resource planning (ERP) systems.
Using Version One's solutions, Infor's customers can electronically create, deliver, authorize, store, manage, and process their business documents (for example, invoices, purchase orders and dispatch notes) directly from their Infor financial management and ERP systems. This eliminates the time-consuming and costly paper-based handling and processing of documents.
"Infor is one of the largest global providers of business software and has 70,000 customers worldwide, making the company a significant addition to Version One's partner network. We look forward to providing Infor's customers with significant cost and efficiency savings as a direct result of their use of Version One's product suite," said Julian Buck, managing director of Version One.
"Infor has grown to be the world leader in mid-market business software by constantly identifying ways to improve operations for our customers," said Rod Radojevic, director of solution management, Infor. "Partnering with Version One is another example of Infor executing on its customer-centric strategy, enabling our customers to make faster decisions and virtually eliminate errors caused by manual, paper-based processes."
Customers that use Version One's solutions integrated into their accounting and ERP systems report a typical return on investment of six months or less, according to the company. Customers also report improved cash flow, the elimination of filing cabinets, up to 90 percent reduction in manual data entry, and improved purchase-to-pay efficiency.