In this paper we discuss two contrasting views of exponence in inflectional morphology: the atomistic view, where content is associated individually with minimal segmentable morphs, and the
holistic view, where the association is made for the whole word between complex content and constellations of morphs. On the basis of
data from Estonian and Swahili, we argue that an adequate theory of inflection should be able to accomodate both views. We then show that
the framework of Information-based Morphology (Crysmann and Bonami, 2016) is indeed compatible with both views, thanks to relying on realisation rules that associate m units of forms with n units of content.