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IFS named a Visionary in Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises report

IFS develops enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. Offering applications that enable companies to respond quickly to market changes and use resources in a more agile way to achieve better business performance and competitive advantages. IFS’s products are known for being user friendly, modular in their design and flexible enough to support the customers in their way of working according to their established processes.

IFS for Enterprise Resource Planning

IFS Applications 10

Manufacturing

The IFS ERP solution is ideal for demanding discrete and process manufacturing environments including those with heavy traceability requirements like food and beverage and aviation and defense as well as project-centric settings.

Projects

Project management is a core component of the IFS solution and can be leveraged as project-driven ERP or Project Portfolio Management. Plant shutdowns, product launches, engineering projects, asset and product lifecycles can be managed intelligently within IFS software.

Supply Chain

Management

Supply chain management functionality is an embedded and advanced component within our software, providing you with a powerful logistics solution in demanding environments like aviation and defense, oilfield services and multi-location manufacturing.

Service

As an integral part of the offering, IFS’s Service Management solution provides extensive service and asset management capabilities with all the benefits of a comprehensive ERP system.

Financials

The IFS Financials solution helps you make the right business decisions at the right time. The solution provides end-to-end support for project, financial and management accounting, and supports multiple visual outputs to clearly communicate performance to business decision makers.

Human Capital

Management

The IFS Human Capital Management solution gives you the flexibility you need to manage your workforce as work practices evolve. From essentials like time and expense allocation to performance management and talent development, the solution gives you what you need to manage and develop your teams.

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Manufacturing

IFS Applications allows enterprises to operate flexibly, with any combination of make-to-stock, configure-to-order and engineer-to-order modes, it supports everything from high volume repetitive manufacturing to batch and complex project-based manufacturing. Demand Driven Material Requirements Planning (DDMRP), Sales and Operations Planning and the Manufacturing Visualizer are just some of the capabilities that make IFS a leading manufacturing solution.

The open, standardized technology allows you to easily integrate with surrounding systems such as MES or WMS, or to turn data captured from sensors and devices into actionable insights using the IFS IoT Business Connector. And being part of our broader ERP suite, manufacturers also get access to solutions for asset management, supply chain and project management.

 

 

IFS software and technology itself is designed to facilitate your business and eliminate non-value-added work from existing processes. But you will get more out of the software when you engage in a proactive business value engineering planning process at the initial stages of your project.

Business Value

Projects

Those charged with managing complex project lifecycles are often forced to use separate software products to manage different stages of the project - tendering, commercial, estimating, engineering, procurement, manufacturing & fabrication, planning, cost control, construction, installation and commissioning.

IFS enterprise project management software capabilities unite these steps in a single integrated process, pulling data on real-time activities directly into a project plan. This affords the ultimate in control and visibility, enabling real-time control over cost, cash, time, resources and risk. IFS offers a true project-based solution - in essence, an enterprise solution built around project management principles rather than repetitive processes.

IFS for Enterprise Resource Planning

Multiplex obtains global consistency with IFS

 
 
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Supply Chain Management

In an enterprise resource planning software environment, supply chain management is part of the business as a whole, with multiple dependencies to core processes like service, manufacturing or projects. Our supply chain management software provides functionality including procurement, warehousing and sales as a core component of our solution. It delivers:

  • Sales forecasting and demand planning

  • Inventory planning and replenishment

  • Multi-site and multi-entity planning and execution for supply network visibility and coordination

  • Warehouse management solution with advanced capabilities

  • CRM, sales order management and customer invoicing to capture all transactions and interactions from opportunity to cash

  • SRM, purchase order management, arrival and inspection for a complete procurement solution.

IFS Applications enables future expansion for HEXPOL Engineered Products

 

Service Management

IFS Enterprise Service Management provides service organizations with complete end-to-end service management, reducing overall expenditure with multiple vendors and providing unrivaled efficiency and automation with a fully integrated solution that addresses all aspects of the service chain from backend to front end.

IFS robust service management product simplifies your service processes while providing asset focused businesses with a complete service solution.

IFS customers report:

  • 10% improvement of asset update

  • 95%+ rate for meeting customer SLA’s

  • 100% completion rate of all planned maintenance.

Anticimex uses IFS Business Connector to exploit the potential of IoT

 

Financials

Seamless integration with IFS solutions and an extensive suite of capabilities places IFS Financials at the heart of the business, enabling accurate and timely accounting information for reporting and decision making.

Wherever the key challenges lie in your business, IFS Financials offers the capability and support to present the information you require, when and where you need it most.

In corporate consolidations, project financial control, strategic forecasting, operational performance and global compliance, IFS Financials is supporting customers today for the achievements of tomorrow.

Financial accounting

Integrated ledgers allow for management and audit throughout the accounting cycle, leading to a faster and more accurate close. The same information can be used to drill down to the source and drill up to consolidation positions.

Highly graphical visual dashboards provide each user with a role-based view of salient information, with direct access, where authorized, to system access points.

Automation-ready, information sharing and intelligence capabilities ensures process streamlining no matter what your process configuration, architecture or future requirements.

Management accounting

With multiple ledgers and multiple code parts from a single booking, information for financial decision making is abundant, leaving more time for the management accountant and finance analyst to report performance to the operational decision makers.

One-click, multiple code part consolidations allow the business to be viewed through many lenses including unit, manager, product, project, geography or combinations thereon in.

 

Direct Microsoft Excel integration allows for ease of reporting and provides the data set in a familiar tool for further analysis.

Project accounting

Starting from pre-contract award, incorporating an end-to-end process, culminating in decommissioning and hand-over, IFS project financial control suite provides a capability built and honed by our extensive industry experience.

Included within the suite are the ten control fundamentals: Risks registers, Insurances, Treasury, Sub-contractor performance, Procurement schedules, cost curves, revenue and milestone billing schedules, cost and income statements, project cash control and statutory compliance for traded revenues and margins.

 

Human Capital Management

Designed and written into the heart of IFS solutions, IFS Human Capital Management (HCM) is the lifeblood of any organization.

As globalization and technologies constantly change working practices, an integrated and flexible ERP solution that takes advantage of these changes becomes essential.

In strategic sourcing and planning, talent development, time and expenses allocation, performance management, and core HR for global corporations, IFS HCM helps develop people today for the teams of tomorrow.

Insight for better Organization Management

IFS Human Capital Management makes it easier for large enterprises, whether matrix organizations or more traditional, to efficiently tackle the challenges such structures entail. It enables you to mirror even the most complicated organizational relations between companies with the help of matrix structures.

 

You can design a system of access control that suits your advanced security needs so that you can control employee supervision, data registration, and data access with unprecedented levels of detail, and with greater clarity and ease of use.

Real-Time Reporting

IFS Human Capital Management provides self-service options for employees to directly input data. Time and expense reporting, sick leave and absence management, including plans and absence requests are typical examples of this. Entered information is immediately available not only to the HR department but also to managers, who can respond in real time, with approvals, authorizations, etc. What’s more, both employees and managers can report and approve these routine actions from the device of their choice, even when they’re out of office. The IFS Business Apps range puts the business application into the hands of your employees, saving time and ensuring accurate information.

Talent Management

IFS Human Capital Management enables you to identify, attract and retain the people you need to keep you ahead of the competition. Once hired, employees can be onboarded smoothly, and their entire career can be managed and developed in a single application. All documentation pertaining to an individual (CV, references, courses, certificates and expiry dates, training, etc.) can be accessed directly from the employee’s file. Anyone who is authorized can always access the latest information about your staff.

IFS Human Capital Management also supports your company’s health and safety initiatives. Risk assessment, safety inspections, incident reports and analysis are among the essential information recorded in IFS Human Capital Management, giving you complete insight into how well you comply with legislation and regulations.