Adding finance enterprise groups

Every organization must be associated with a finance enterprise group. The organization and the finance enterprise group must have the same identifier. After a finance enterprise group is created, you must define a currency rate table. Return to the finance enterprise group to specify the currency rate table for that finance enterprise group.

Note: For systems that are configured with Infor Financials and Supply Management and HR Payroll, the finance enterprise group and currency-related data are created and maintained in Financials and Supply Management.

See Infor Financials and Supply Management User and Administration Library (Cloud and On-premises) and select Administrator > Financials Setup and Administration.

You can configure the shared data with Infor Financials and Supply Management.

See Infor HR Talent User and Administration Library (Cloud and On-premises) and select Administrator > HR Talent Configuration.

Before an HR administrator view the finance enterprise group and currency-related data from Financials and Supply Management in HR Talent, you must enable the HR Administration Consolidated Webapp feature toggle.

See Enabling feature toggles.

Typically, the HR administrator creates the finance enterprise group in HR Talent.

  1. Select Administrator > Set Up > Prerequisites > Finance Enterprise Groups or HR Administration > Administration > Setup > Other Prerequisites > Finance Enterprise Groups.
  2. Click Create, and specify this information:
    Effective Date
    Optionally, select a date on which the finance enterprise group is effective. If this field is blank, the current date is used.

    The effective date is the earliest date any records associated with the finance enterprise group can be defined. If you select a date in the future, you cannot create an organization for the finance enterprise group until that date.

    Finance Enterprise Group
    Specify an enterprise group identifier of up to four alphanumeric characters.
    Description
    Optionally, specify a description of the finance enterprise group.
    Currency Rate Table
    Save the finance enterprise group.

    Select the correct currency-rate table for the finance-enterprise group.

  3. Click Save.