Monday, February 16, 2009

Project Centric Serimax selects IFS to enhance its operations

Serimax, an international full-service welding company focusing on the gas and petroleum industries, has selected IFS Applications to overhaul its information system and optimize the management and follow-up of projects carried out under extreme conditions. The agreement covers project and inventory management, sales, and financial activities, as well as project execution. Implementation has begun in France and the United States, and will be rolled out across the rest of the Group starting in 2010. The experience and extensive references of IFS in the energy industry and the field of Engineering, Procurement, Construction, and Installation (EPCI) were the decisive factors for Serimax.

When designing its information systems, the company had to consider factors such as the need to harmonize processes within the group following the merger, the complexity of the projects managed, and the extreme conditions under which the projects are carried out. Serimax needed a consolidated data management system to successfully manage its projects and ensure corporate growth. The rich feature set of IFS Applications allows the company to model project tracking and seamlessly integrate its scheduling and logistical data. The IFS ERP solution offers several key advantages, including enhanced profitability, improved equipment management, risks, and deadlines, as well as simpler and faster collection of customer receivables.

Moreover, the IFS Applications Project Management component allows Serimax to control all the phases in the project lifecycle, and to improve communications and encourage information exchange between all parties involved.

“With the Sales and Financial Management components in IFS Applications, Serimax can monitor its projects all the way from sales prospecting through to final payment, and can easily generate detailed project profit and loss reports,” Jean-Pierre Genoud-Prachex, Information Systems Director at Serimax, said, "This is a challenging project for Serimax, covering all our corporate processes worldwide and representing the largest investment we have ever made in an IT system. IFS Applications provides a global view of all our projects and an interdivisional view of their progress. Both the quality and availability of data provided by IFS Applications will boost the development potential for all our businesses."

“SERIMAX is an excellent example of how IFS’ focused industry approach fits the customer’s needs. IFS Applications provides the range of components Serimax needs to run its project-based business efficiently. We are the obvious choice for this kind of company working in an international environment", added Amor Bekrar, President and CEO of IFS France.

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in more than 50 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,700 employees and net revenue in 2008 was SKr 2.5 billion.The information is that which IFS is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on February 16, 2009, at 14:15 p.m.

Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

Contact Oliver Pilgerstorfer

Vice President, Corporate Communications Oliver Pilgerstorfer

Phone: 44 1494 428900

Contact Oliver Pilgerstorfer