Tuesday, August 23, 2011

Synergy Health plc chooses IFS Applications for international £1.3 million deal

Synergy Health plc (Synergy) has chosen IFS, the global enterprise applications company, to supply and implement its financial management software across its enti

This press release is an update to the one that was published on July 12, 2011 and titled “IFS signs £1.3 million contract with major UK health-services company.”

Synergy Health plc (Synergy) has chosen IFS, the global enterprise applications company, to supply and implement its financial management software across its entire business. IFS Applications will be rolled out in 102 sites across 10 countries from the UK to Malaysia, the US and France.

Headquartered in the UK, Synergy is a world-leading, multi-national supplier of outsourced support services to the healthcare market in Europe, Asia, and the Americas.

IFS Applications will enable Synergy to reduce overall costs and improve the efficiency of its global finance and procurement departments, by providing greater financial visibility, automating reporting, enhancing integration with other applications, and providing economies of scale. Synergy will also benefit from the rich functionality of IFS Applications. For example, employees will for the first time be able to compare multi-currency transactions with just one click of their mouse.

Synergy has grown rapidly in the last decade, resulting in the company running a range of disparate financial systems. Synergy chose IFS because of the functionality it offers, and the deep knowledge and expertise of its consultants. Sara Lloyd, finance project manager at Synergy, comments: “In terms of product functionality, IFS was definitely top of our shortlist and we liked their approach. The IFS team demonstrated a good understanding of our business and related issues. We like the fact that IFS has the capability to implement the system in every country using its own consultants, ensuring consistency in standards. We also benefit from having just one simple contract for over 1,000 users at 102 sites.”

Paul Massey, managing director at IFS Europe West said: “Synergy is a rapidly growing company that requires agile, scalable, intuitive business applications that will enable it to take advantage of its size and reach, therefore IFS Applications is an intelligent choice. IFS has a proven track record of successful implementations within large multinational organisations, which offers peace of mind that the system will be implemented and maintained by an experienced team of IFS consultants.”

Implementation of the system will begin in the autumn, with the first sites going live in the second quarter of 2012.

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: Service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2010 was SKr 2.6 billion.

IFS discloses the information provided herein pursuant to the Financial Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on August 23, 2011 at 8:30 p.m. (CET).

Contact Information

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues