Infor M3 Finance

The fee for Infor M3 Finance training can vary depending on several factors such as the location, duration of the course, training format, and level of expertise. SAP offers various training options for Infor M3 Finance, including instructor-led courses, e-learning courses, and virtual live classrooms.

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Infor M3 Finance Certification FAQ's:

What is Infor M3 Finance Certification?

Infor M3 Finance Certification is a credential that validates an individual's expertise and proficiency in implementing, configuring, and optimizing the finance modules within the Infor M3 ERP system. It demonstrates the individual's ability to effectively leverage Infor M3 to meet the financial needs of organizations.

Why should I get certified in Infor M3 Finance?

Infor M3 Finance certification enhances your credibility as a finance professional with specialized expertise in utilizing the Infor M3 ERP system. It increases your marketability to potential employers and consulting clients, as well as demonstrates your commitment to continuous learning and professional development.

What are the prerequisites for Infor M3 Finance Certification?

Prerequisites for Infor M3 Finance Certification may vary depending on the specific certification track. However, common prerequisites may include relevant work experience in finance or ERP systems, completion of specific training courses, and a fundamental understanding of accounting principles and practices.

How do I prepare for the Infor M3 Finance Certification exam?

Preparation for the Infor M3 Finance Certification exam typically involves a combination of self-study, hands-on experience with the Infor M3 system, and participation in training courses offered by Infor or authorized training partners. Reviewing exam guides, practicing with sample questions, and seeking guidance from experienced professionals can also be beneficial.

Where can I take the Infor M3 Finance Certification exam?

Infor M3 Finance Certification exams are usually administered through authorized testing centers or online platforms. Candidates can typically register for exams through the official Infor certification website or through authorized certification partners.

How long is the Infor M3 Finance Certification valid?

The validity period of Infor M3 Finance Certification may vary depending on the specific certification track and Infor's certification policies. In general, certifications are valid for a certain number of years, after which recertification may be required to maintain the credential and demonstrate continued proficiency.

What topics are covered in the Infor M3 Finance Certification exam?

The topics covered in the Infor M3 Finance Certification exam may include but are not limited to: financial management, general ledger, accounts payable, accounts receivable, fixed assets, budgeting and forecasting, financial reporting, and compliance. Exam blueprints and study guides provided by Infor can offer detailed insights into the exam content.

How can I verify someone's Infor M3 Finance Certification status?

To verify someone's Infor M3 Finance Certification status, you can typically use the certification verification tool provided on the official Infor certification website. This tool allows you to search for certified individuals by their name, certification ID, or other relevant criteria to confirm their certification status.

What are the different levels of certification available for Infor M3 Finance?

Infor M3 Finance Certification may be available at different levels, such as Associate, Professional, or Expert, depending on the complexity and depth of knowledge required. Each level typically corresponds to different roles or levels of expertise within finance and ERP implementation.

Is there a cost associated with taking the Infor M3 Finance Certification exam?

Yes, there is usually a fee associated with taking the Infor M3 Finance Certification exam. The exam fee may vary depending on the specific certification track and location. Candidates should check the official Infor certification website or contact authorized testing centers for information on exam fees and payment methods.

Infor M3 Finance Certification:

Infor M3 Finance Certification." However, I can provide some general guidance on certifications related to Infor M3 and finance.

Infor M3 Certifications: Infor, the company behind the M3 ERP system, offers certifications for various aspects of their software, including finance. These certifications typically cover different modules and functionalities within the M3 system.

Infor Education: Infor Education provides training courses and certification programs for users, administrators, and developers of Infor products, including M3. You can visit the Infor Education website or contact their representatives to inquire about certification options related to finance and M3.

Finance and Accounting Certifications: While there may not be a certification specifically named "Infor M3 Finance Certification," individuals working in finance and accounting roles often pursue industry-recognized certifications such as CPA (Certified Public Accountant), CMA (Certified Management Accountant), ACCA (Association of Chartered Certified Accountants), or CFA (Chartered Financial Analyst). These certifications demonstrate proficiency and expertise in finance-related areas, which can be valuable in roles that involve using financial software like Infor M3.

Consultancy and Implementation Partner Certifications: Infor partners and consultancy firms may also offer their own certifications or training programs related to Infor M3 implementation, customization, and optimization for finance functions. These certifications can be valuable for professionals working in consulting or implementation roles within the Infor ecosystem.

Infor M3 Finance Curriculum:

Lesson 1: Infor M3 Financial Accounting overview 

Overview 

Infor M3 Financial Accounting features

Check your understanding 

Lesson 2: Configuring Infor M3 Financial Accounting 

Configuration overview

Training environment 

Exercise 2.1: Prepare your training desktop and log in to Infor M3

Company settings

Exercise 2.2: Manage companies and divisions

System calendar and periods

Configure the system calendar 

Exercise 2.3: Create valid dates and system periods

Number series 

Journal number series 

Voucher number series

Other financial number series 

Exercise 2.4: Define number series 

User and language settings 

Exercise 2.5: Review user and language settings 

Currency settings 

Define exchange rate type 

Define exchange rate

Work with Currency. Open (CRS055) and create rates

Exercise 2.6: Manage currency-related information 

Bank setup 

Bank table 

Exercise 2.7: Create a bank record in Infor M3 

Exercise 2.8: Create a company bank account 

Exercise 2.9: Set up a bank operation

Bank account indicator

Bank account indicator table

Exercise 2.10: Set up a bank account indicator

Application messages 

Check your understanding 

Lesson 3: Accounting rules

Overview

Accounting rule composition 

Setting up accounting rules

Accounting events

Accounting type

Accounting String. Simulate (CRS399/G)

Exercise 3.1: Manage accounting rules 

Check your understanding 

Lesson 4: Accounts Payable overview

Overview

Accounts Payable process

Accounts Payable related configuration

FAM functions related to Accounts Payable and where they are used

Main programs for setup and maintenance of the Accounts Payable functions and processes

Check your understanding 

Lesson 5: Configuring Accounts Payable

Supplier setup 

Local currency exception 

Design considerations when setting up a supplier

Supplier master file 

Exercise 5.1: Create a supplier record

Exercise 5.2: Create a supplier local exception

Supplier bank information 

Exercise 5.3: Create and connect a supplier bank account

User setup 

Settings for users 

Create an authorized user 

Exercise 5.4: Create an authorized user 

Accounts Payable settings 

Settings - Accounts Payable (APS905) 

Exercise 5.5: Review the Accounts Payable settings 

Supplier invoice matching settings

General Accounts Payable setup/Settings - Supplier Invoice Matching (APS900)

Exercise 5.6: Review the supplier invoice matching settings 

Payment settings

Exercise 5.7: Define payment method and terms

Exercise 5.8: Create a payment type (to be used globally across Accounts Payable and Accounts

Receivable) 

AP Accounting Option. Open (APS020) 

Exercise 5.9: Set up payment variance options

Accounts Payable documents

Exercise 5.10: Review the Accounts Payable standard documents

Check your understanding 

Lesson 6: Processing supplier invoices 

Overview 

Accounting events for processing supplier invoices 

AP10 – Man entry of supplier invoices 

AP50 – Batch supplier invoices 

AP10 – Supplier invoices 

Exercise 6.1: Manage FAM function for manual entry of supplier invoices (AP10)

Supplier invoice scenarios 

Exercise 6.2: Manually enter a supplier invoice and post to clearing account 

Exercise 6.3: Manually approve and recode unapproved invoices 

Exercise 6.4: Manually enter a supplier invoice and match it to the purchase order 

Exercise 6.5: Manually enter a supplier invoice as not approved and approve the invoice 

Exercise 6.6: Manually enter a supplier invoice with withholding tax 

Exercise 6.7: Process a credit note from your supplier 

Check your understanding 

Lesson 7: Processing supplier payments

Overview 

Accounting rules for processing supplier payments

AP20 – Manual payments 

AP30 – Payment – Check 

AP31 – Payment – Electronic Giro (Pmt Class 3) 

AP32 – Payment – Manual Giro (Pmt Class 3) 

Configuration highlights

FAM Function. Open (CRS405) (AP20)

Exercise 7.1: Manage FAM function for bank transfer payment (AP20) 

Exercise 7.2: Create two check payment FAM function records (AP30)

Exercise 7.3: Manage FAM function for cash payment 

Accounting Option. Open (APS020) 

Exercise 7.4: Create an option for a miscellaneous write-off

Exercise 7.5: Process a payment proposal with a check payment class 

Create and process a payment proposal with transfer payment class

Exercise 7.6: Process a payment proposal with a transfer payment class

Automatic payment routine with supplier credit invoices 

Exercise 7.7: Process a payment proposal with supplier credit invoices 

Manually paying an invoice in full 

Exercise 7.8: Manually pay an invoice in full 

Exercise 7.9: Make a partial payment

On-account payments

Exercise 7.10: Make an on-account payment

Processing payments with manual accounting options adjustments

Exercise 7.11: Make a full payment and post to a write-off account 

Check your understanding 

Lesson 8: Monitoring Accounts Payable

Overview 

Configuration highlights

AP inquiry template column template 

Accounts Payable monitoring scenarios 

Exercise 8.1: Display supplier invoices

Exercise 8.2: Display Accounts Payable records using a column template 

Exercise 8.3: Display Accounts Payable records using a personal view

Exercise 8.4: Display unauthorized invoices 

Exercise 8.5: Print an Accounts Payable fiscal book

Check your understanding .

Lesson 9: Accounts Receivable overview

Accounts Receivable process 

Processing customer payments

Selling receivables to factoring company

Managing payment plans

Managing customer disputes 

Grouping invoices 

Manually creating invoices and invoice records 

Accounts Receivable-related configuration

FAM functions related to Accounts Receivable 

Accounts Receivable functions and processes 

Check your understanding 

Lesson 10: Configuring Accounts Receivable

Overview 

Customer setup

Bank setup 

Exercise 10.1: Create a domestic customer record

Exercise 10.2: Create a foreign customer record 

Exercise 10.3: Create and connect a customer bank 

Accounts Receivable settings 

Settings – Accounts Receivable (ARS905) 

Exercise 10.4: Review the Accounts Receivable settings

Required tables for amnaging customer payments 

Payment type table 

Payment method table 

Cash discount terms table 

Payment terms table 

Exercise 10.5: Define a new payment term 

AR accounting option table 

Exercise 10.6: Create an option for a miscellaneous write-off 

Payment received specify bank fee table 

Exercise 10.7: Create a specified bank fee type

Payment tolerance table 

Payment tolerance scenario

Exercise 10.8: Create a payment tolerance record 

Exercise 10.9: Create a statement rule

Exercise 10.10: Create a statement of account text 

Payment reminders 

Exercise 10.11: Create a payment reminder rule 

Check your understanding

Lesson 11: Processing customer invoices 

Accounting rules for processing curstomer invoices and credit notes

AR10 Work with Customer Invoices 

AR20 Work with Manual Invoicing

Configuration highlights

AR10 - Work with Customer Invoices (CRS405)

Exercise 11.1: Create a customer invoice FAM function record

AR20 - Work with Manual Invoicing 

Exercise 11.2: Create a manual FAM function record 

Customer invoice scenarios 

Exercise 11.3: Manually enter a customer invoice (without documents)

Create customer invoices with invoice document printout

Exercise 11.4: Manually enter a customer invoice 

Create credit note customer invoices

Exercise 11.5: Create a credit note customer invoice 

Exercise 11.6: Create a corrective customer invoice

Group invoices for a customer for one payment document 

Exercise 11.7: Group invoices to generate one payment document for a customer

Check your understanding 

Lesson 12: Processing customer payments and debts

Accounting rules for processing customer payments 

AR30 Manual payments 

AR75 Bank remittance 

Configuration highlights

AR80 – Bank reconciliation

AR86 – Bank confirmation 

AR87 – Work with remitted payments

Customer payment scenarios 

Exercise 12.1: Process a customer payment

Exercise 12.2: Match an invoice against a credit note

Write off payment differences 

Exercise 12.3: Manually write off a payment difference 

Record settlements and cash discounts

Exercise 12.4: Record a customer payment with cash discount 

Process customer payments by check 

Exercise 12.5: Process customer payments by check 

Process a partial payment with customer debit notes 

Exercise 12.6: Process a partial payment with a customer debit note 

Process bank remittance 

Exercise 12.7: Process a bank remittance 

Process a payment tolerance 

Exercise 12.8: Process a payment tolerance 

Customer debt scenarios 

Process flow for managing customer debts 

Create open item statement of account for a customer or payer

Exercise 12.9: Create an open item statement of account

Exercise 12.10: Create a balance brought forward statement of account for a payer 

Payment reminders 

Exercise 12.11: Review payment reminders 

Check your understanding

Lesson 13: Monitoring Accounts Receivable 

Overview 

AR Inquiry Column Template. Open (ARS066) 

View. Open (CRS020)

Configuration highlights 

Accounts Receivable monitoring scenarios 

Exercise 13.1: Display customer invoices

Exercise 13.2: Display Accounts Receivable records using a column template 

Exercise 13.3: Display Accounts Receivable records using a personal view

Exercise 13.4: Print Accounts Receivable fiscal books 

Check your understanding 

Lesson 14: General Ledger overview 

General Ledger information 

General Ledger-related configurations 

Defining main settings

Check your understanding 

Lesson 15: Configuring General Ledger 

Accounting structure 

Vouchers 

Exercise 15.1: Create an additional FAM function for a voucher

Account groups 

Exercise 15.2: Create an account group 

Accounting identities 

Accounting identity table 

Exercise 15.3: Create an accounting identity 

Accounting Dimension. Enter Names (CRS012) 

Exercise 15.4: Change an accounting dimension name

Create an addition table

Exercise 15.5: Create an addition table

Create a pseudo identity

Exercise 15.6: Create a pseudo identity 

Balance keys 

Exercise 15.7: Manage balance keys and balance files 

Check your understanding 

Lesson 16: Processing General Ledger 

Accounting rules specific to General Ledger 

General Ledger FAM functions 

GL01: Journal Vouchers 

GL20: Unrealized Exchange Rate Differences in Currency Accounts

GL21: Unrealized Exchange Rate Differences in Accounts Receivable 

GL22: Unrealized Exchange Rate Differences in Accounts Payable 

GL30: Petty Cash

Daily routines

Journal vouchers

Exercise 16.1: Create a journal voucher

Standard vouchers 

Exercise 16.2: Create a standard voucher 

Periodic routines

Exercise 16.3: Calculate unrealized exchange rate variance

Activate and close periods 

Definitively closing the system calendar periods

Exercise 16.4: Work with closing periods 

Work with Journal Numbers. Open (CRS400)

Exercise 16.5: Work with Journal Numbers. Open (CRS400)

Check your understanding 

Lesson 17: Monitoring General Ledger 

General Ledger balance file 

General Ledger monitoring scenarios 

Exercise 17.1: Display General Ledger details

Column templates 

Exercise 17.2: Display balance inquiry column template

Exercise 17.3: Create General Ledger reports 

Exercise 17.4: Print General Ledger fiscal books

Note:  The specific curriculum for Infor M3 Finance training may vary depending on the needs of the trainees/Corporate Client and the objectives of the training program.

Infor M3 Finance Interview Questions and Answers:

What is Infor M3 Finance?

Infor M3 Finance is a module within the Infor M3 ERP (Enterprise Resource Planning) system specifically designed to manage financial processes such as accounting, budgeting, reporting, and analysis.

Can you explain the key features of Infor M3 Finance?

Infor M3 Finance offers features such as general ledger, accounts payable, accounts receivable, cash management, financial reporting, budgeting, and forecasting.

What is the purpose of the general ledger module in Infor M3 Finance?

The general ledger module in Infor M3 Finance is the central repository for all financial transactions within the organization. It records debit and credit entries, maintains account balances, and provides the foundation for financial reporting.

How does Infor M3 Finance handle accounts payable?

Infor M3 Finance automates accounts payable processes such as invoice processing, payment approvals, and vendor management. It helps streamline the procure-to-pay cycle and ensures timely payments to vendors.

What is accounts receivable in Infor M3 Finance, and how does it function?

Accounts receivable in Infor M3 Finance manages customer invoices, payments, and collections. It tracks outstanding receivables, facilitates credit management, and helps organizations optimize their cash flow.

Explain the cash management functionality in Infor M3 Finance.

Infor M3 Finance's cash management module helps organizations monitor and manage their cash balances, bank accounts, and cash flow. It includes features such as bank reconciliation, cash forecasting, and treasury management.

How does Infor M3 Finance support financial reporting?

Infor M3 Finance provides robust reporting capabilities, allowing organizations to generate financial statements, income statements, balance sheets, and other key financial reports. It offers customizable report templates and real-time data access for informed decision-making.

What role does budgeting play in Infor M3 Finance?

Infor M3 Finance enables organizations to create, track, and manage budgets across departments and business units. It supports budget planning, allocation, and variance analysis to help organizations achieve their financial goals.

How does Infor M3 Finance facilitate forecasting?

Infor M3 Finance leverages historical financial data and trend analysis to generate accurate forecasts for revenue, expenses, and cash flow. It helps organizations anticipate future financial performance and make strategic decisions.

What integration capabilities does Infor M3 Finance offer with other systems?

Infor M3 Finance integrates seamlessly with other modules within the Infor M3 ERP system, as well as third-party applications such as CRM (Customer Relationship Management) and BI (Business Intelligence) tools. It supports data exchange through APIs (Application Programming Interfaces) and standardized file formats.

Can you describe the process of setting up Infor M3 Finance for a new organization?

Setting up Infor M3 Finance involves configuring chart of accounts, defining financial structures, configuring workflow rules, setting up users and permissions, and integrating with other systems as needed. It requires collaboration between finance, IT, and other relevant stakeholders.

How does Infor M3 Finance handle multi-currency and multi-company environments?

Infor M3 Finance supports multi-currency transactions, allowing organizations to conduct business in different currencies and manage exchange rate fluctuations. It also facilitates financial consolidation and reporting across multiple companies or subsidiaries.

What security features does Infor M3 Finance offer to protect sensitive financial data?

Infor M3 Finance provides role-based access controls, encryption, audit trails, and other security measures to safeguard financial information against unauthorized access, fraud, and data breaches.

How does Infor M3 Finance ensure compliance with regulatory requirements such as GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards)?

Infor M3 Finance incorporates accounting standards such as GAAP and IFRS into its functionality, ensuring that financial transactions and reports comply with regulatory requirements. It also supports audit trails and documentation for regulatory compliance purposes.

Can you explain the process of financial consolidation in Infor M3 Finance?

Financial consolidation in Infor M3 Finance involves aggregating financial data from multiple entities or subsidiaries into a single set of consolidated financial statements. It includes eliminations, adjustments, and currency translation to present a comprehensive view of the organization's financial performance.

How does Infor M3 Finance handle fixed assets management?

Infor M3 Finance offers features for tracking, depreciating, and managing fixed assets such as property, plant, and equipment. It helps organizations optimize asset utilization, calculate depreciation expenses, and comply with accounting standards.

What role does taxation play in Infor M3 Finance, and how does it support tax compliance?

Infor M3 Finance facilitates tax calculations, reporting, and compliance across different jurisdictions. It helps organizations manage tax rates, exemptions, deductions, and filings to ensure adherence to tax laws and regulations.

How does Infor M3 Finance support intercompany transactions and reconciliation?

Infor M3 Finance enables organizations to process intercompany transactions between different entities or business units within the same organization. It automates reconciliation processes to ensure accurate recording and elimination of intercompany balances.

Can you discuss the reporting and analytics capabilities of Infor M3 Finance?

Infor M3 Finance offers built-in reporting tools, dashboards, and analytics to analyze financial performance, identify trends, and make data-driven decisions. It provides real-time insights into key financial metrics and KPIs (Key Performance Indicators).

How does Infor M3 Finance handle financial close processes such as month-end and year-end close?

Infor M3 Finance streamlines financial close processes by automating tasks such as journal entries, reconciliations, and financial reporting. It ensures accuracy, efficiency, and compliance during the close process to meet regulatory deadlines.

What are some common challenges organizations face when implementing Infor M3 Finance, and how can they be addressed?

Common challenges include data migration, user adoption, customization requirements, and integration complexities. These challenges can be addressed through proper planning, stakeholder engagement, training, and leveraging implementation best practices.

How does Infor M3 Finance support cost accounting and profitability analysis?

Infor M3 Finance provides capabilities for allocating costs, tracking expenses, and analyzing profitability by product, customer, and other dimensions. It helps organizations understand cost drivers and optimize profitability across their operations.

What role does workflow automation play in Infor M3 Finance, and how does it benefit organizations?

Workflow automation in Infor M3 Finance streamlines approval processes, reduces manual errors, and improves efficiency in financial operations. It enables organizations to enforce control policies, accelerate decision-making, and enhance collaboration among stakeholders.

How does Infor M3 Finance handle financial risk management?

Infor M3 Finance supports financial risk identification, assessment, and mitigation through features such as credit management, liquidity analysis, and compliance monitoring. It helps organizations proactively manage risks and safeguard their financial health.

Can you discuss the scalability of Infor M3 Finance and its suitability for growing organizations?

Infor M3 Finance is highly scalable and adaptable to the evolving needs of growing organizations. It supports multi-site, multi-company, and multi-currency operations, making it suitable for expansion into new markets and business segments.

How does Infor M3 Finance address the needs of specific industries or verticals?

Infor M3 Finance offers industry-specific functionality and configurations tailored to the requirements of sectors such as manufacturing, distribution, food and beverage, fashion, and equipment rental. It provides out-of-the-box solutions to address industry-specific challenges and compliance requirements.

What are some recent enhancements or updates to Infor M3 Finance that you find noteworthy?

Recent enhancements to Infor M3 Finance may include new features, improved user experience, enhanced reporting capabilities, regulatory updates, and integration with emerging technologies such as AI (Artificial Intelligence) and IoT (Internet of Things).

How does Infor M3 Finance support global operations and international financial management?

Infor M3 Finance offers localization support for different countries and regions, including language translations, tax compliance, and regulatory reporting. It helps organizations standardize financial processes across borders and manage cross-border transactions efficiently.

Can you discuss the role of analytics and business intelligence in optimizing financial performance with Infor M3 Finance?

Infor M3 Finance integrates with BI tools and analytics platforms to provide actionable insights into financial performance, trends, and opportunities. It enables organizations to monitor KPIs, conduct scenario analysis, and drive continuous improvement in financial management.

How does Infor M3 Finance support collaboration between finance and other departments within an organization?

Infor M3 Finance facilitates collaboration by providing real-time access to financial data, shared workflows, and reporting capabilities across departments such as sales, procurement, and operations. It fosters alignment, transparency, and informed decision-making across the organization.

Participants will have 24/7 access to our online lab, providing hands-on experience with Infor M3 Finance tools and scenarios.

This includes server access to S/4 HANA 2023 for 1 year, ensuring you have ample time to practice and apply your skills in a real-world environment.

With this extended access, you can work on projects, explore advanced features, and solidify your understanding of Infor M3 Finance in the latest SAP S/4 HANA version.