LAWSON Releases Activity Management Enhancements to INSIGHT
Looking to provide added functionality to process the fund accounting needs of hospitals, health networks, universities and non-profit organizations, ERP giant Lawson Software (Minneapolis) announced the general availability of Activity Management enhancements for Fund Accounting to the LAWSON INSIGHT Healthcare Business Management System.
Lawson's Fund Accounting enhancements automatically generate general ledger entries for fund pre-commitments and commitments. Some of the new features are applications for recurring commitment entry, recurring commitment journal, commitment analysis and commitment reporting. There are additional enhancements in areas ranging from budget editing at the activity level to options for tracking activity-costing commitments.
"Lawson's healthcare market lead depends on providing the advanced functionality needed by today's complex, multi-entity healthcare enterprises," says Tony Marzulli, VP of healthcare marketing for Lawson Software. "The enhancements to our Activity Management solution will automate more costly manual processes and provide additional activity analysis and reporting for better informed decision-making."
Industry analyst Henry Morris, VP of data warehousing and applications for International Data Corp. (Framingham, Mass.), says this latest release demonstrates Lawson's commitment to the improvement of business performance. "Among business application vendors, Lawson was early to recognize the importance of linking activity-based management [ABM] with enterprise solutions," he says. "This release demonstrates Lawson's commitment to be a leader in delivering ABM solutions that benefit both non-profit and for-profit organizations."