Infor Velocity Suite: 6 Top Questions Answered

Many organizations are currently grappling with a “value void”, a gap between the expected benefits of ERP system modernization and actual business outcomes. 74% of business leaders and software users believe that advanced technologies create business value. However, they are unable to successfully incorporate such technologies into their business processes to fully realize tangible results, leading to this gap. Bridging this gap has been the guiding principle behind Infor Velocity Suite, a strategic bundling of technology, services, and pre-built industry solutions that empower organizations to achieve business value faster and minimize “value voids”.

In this blog, we explore some uncommon questions about the Infor Velocity Suite. We look at how the platform supports micro-vertical applications, how its various capabilities work together, and its approach to customizations, anomaly detection, and implementation prerequisites.

Infor Velocity Suite has been built on 3 core frameworks:

• Diagnose: Identify inefficiencies through process mining.
• Automate: Streamline workflows through Value+Solutions.
• Optimize: Leverage GenAI for further improvements.

This comprehensive solution is designed for use in multiple industries. Its biggest value-add, of course, lies in its pre-configuration. Infor Velocity Suite comes with embedded business process mapping, pre-defined use cases, and built-in CloudSuite integration. In a previous blog, we explored how organizations can move from theoretical frameworks and blueprints to practical implementation with Infor Velocity Suite.

As we mentioned in the introduction, Infor Velocity Suite is built for use across multiple industries, with pre-configuration being its biggest value-add. It goes a step further by also being built for micro-verticals. For example, it addresses the differences between applications in an industrial machinery and equipment company versus a plastics fabricator. This is how Infor Velocity Suite delivers industry-complete solutions.

Organizations can get started quickly with a structured methodology pre-mapped to specific niches (i.e. analysis, process mining, recommended solutions, deployment and automation, performance improvements, and continuous improvements). This negates the need to build any solution or system from scratch, saving you both time and money.

The Infor OS platform is the technology backbone of Infor Velocity Suite and provides the indispensable infrastructure needed to make core implementations such as process mining, robotic process automation (RPA), intelligent document processing (IDP), and generative AI successful.

The platform empowers technological success through the following built-in components:

• Intelligent Open Network (ION): The workflow engine that manages processes and triggers tasks across the system.
• Infor Document Management (IDM): Securely stores documents like scanned invoices for easy retrieval.
• Data Lake: Stores massive event data volumes for process mining and AI/ML applications.
• API Gateway: Connects bots and AI models directly to the ERP (M3, CSI, etc.).

To better understand how these components can work together, consider the success story of boat manufacturer XpressBoats. When errors began to negatively impact their delivery times, they used Infor Velocity Suite to diagnose the process and automate for improved results. Fast diagnosis enabled them to maintain production quality, deliver on time, and improve customer satisfaction.

Endries, a global OEM fastener and industrial supply partner, is another success story. They encountered fulfillment delays and inaccuracies because of manual processes. Endries automated their operations using the RPA and GenAI capabilities of Infor Velocity Suite to address these issues. The solution has given them up to 75% efficiency gains, improved scan accuracy, and reduced cost estimation time from days to hours.