Infor LN localization for Bulgaria
Depending on location, industrial companies have different needs and are required to comply with local laws and regulations for their daily business transactions and operations. Infor supports their customers throughout this process by offering country versions of Infor LN ERP system to help with localization.
Infor LN localization for Bulgaria supports language configuration in Bulgarian and includes all main financial statements in compliance with the requirements of Bulgarian legislation.
Localized version reflects specific requirements of Bulgarian tax legislation in the following areas:
- VAT reports
- Sales invoices
- Currency differences on purchase invoices in the conditions of multi-currency presentation
- General ledger and chronological list
Bulgarian localization allows to generate the following obligatory reports in the legal format:
- VAT diaries (purchases and sales, VAT declaration) fully compatible with the national program for VAT reports
- Turnover sheet compatible with the national accounting requirements and standards
- General ledger for any period
- Chronological list for any period
- Open records (invoices for purchases and sales)
- Customized session of a sales invoice
- Custom processing of currency differences in payments
- Processing of currency differences on purchase invoices in the conditions of multi-currency presentation
The leading printing house in the Balkans, a manufacturer of packaging for the pharmaceutical industry, Dunav Press JSC has successfully migrated to the new localized version of the Infor LN ERP system with the support of IPL Consulting, Infor Silver Channel Partner.
Read more about project: https://iplconsulting.com/news/dunav-press-optimizes-current-business-processes-with-the-new-version-of-infor-ln/
By using localized version of Infor LN industrial companies can take advantage of powerful functionality with new and highly efficient technologies and achieve the following benefits:
- Rapid implementations of Infor ERP LN in new countries
- Prompt and easy adoption for changes in law and regulatory requirements in future
- Lower total cost of ownership from a system owner perspective because country versions use the same technology, same development methods, and the same UI as the other parts of Infor ERP LN
- Easier and faster system operation training of employees, which reduces the total cost of ownership from an educational perspective
