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NEW YORK, NY -- (Marketwired) -- 03/06/14 -- Infor, a leading provider of business application software serving more than 70,000 customers, today announced a partnership with Integrated Property Management (IPM) Software to provide continuous and comprehensive software solutions for affordable housing communities. The partnership will utilize the Infor AMSI eSite suite and CornerStone multi-family affordable compliance software and the newly developed affordable integration module (AIM) to provide more robust software solutions for subsidized housing.

Infor AMSI will now provide a complete offering to the current mixed portfolio users and potential clients. Users with affordable properties in their portfolios will be able to more easily manage their property initialization, update tenant certifications, voucher submission and perform day-to-day move-ins and move-outs among other administrative tasks. The partnership expands the scope of market offerings from Infor AMSI to the property management industry. IPM Software brings a unique aspect to the partnership, as the leading multi-family compliance software vendor that develops at both the owner agent site (OA) and contract administrator level. Infor fulfills the compliance management aspects within the partnership, to enable greater filing, tracking and accuracy.

"Through the partnership with Infor AMSI, property owners and managers are better able to efficiently and effectively manage their portfolios," said Bill Sullivan, president, IPM Software. "Our goal is to make the process associated with affordable housing seamless for mixed portfolio clients and qualified applicants."

Cornerstone, which is IPM's OA site-level property management and accounting software, contains three key components: rent, HUD section and low-income housing tax credit. CornerStone has built-in wizards that guide you through daily processes such as move-ins, move-outs, unit transfers, and the process used for creating TRACS files. CornerStone features a "live chat" icon to provide easy access to the client care team, making the software very user friendly. IPM Software has been in business for 27 years and is an active participant in both state and national multi-family affordable housing organizations, including the National Affordable Housing Management Association (NAHMA) and Southeastern Affordable Housing Management Association (SAHMA).

Infor has an established and longstanding philanthropic relationship with Habitat for Humanity International, an organization that is dedicated to providing decent, safe and affordable places to live.

"Our partnership IPM Software allows us to break new ground in the quest to provide low-income, subsidized and affordable housing solutions," said George Landgrebe, general manager, Infor AMSI. "Whether through our software, partnerships or philanthropic endeavors, Infor is committed to the goal of making universally affordable housing a reality."

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About Infor
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in more than 200 countries and territories improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.

Infor customers include:

• 19 of the top 20 aerospace companies
• 12 of the top 13 high tech companies
• 10 of the top 10 pharmaceutical companies
• 21 of the 25 largest US health delivery networks
• 16 of the 20 largest US cities
• 84 of the top 100 automotive suppliers
• 31 of the top 50 industrial distributors
• 5 of the top 9 brewers

This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.

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