Monday, September 22, 2008
The Foundation for Thailand Productivity Institute selects IFS to boost the nation’s competitiveness
IFS, the global enterprise applications company, today announced that The Foundation for Thailand Productivity Institute (FTPI), an independent organization under the Ministry of Industry for Thailand, has selected IFS to create a modern IT platform and enable future growth.
IFS Applications will be used to standardize and support FTPI’s processes within marketing, project management, procurement and financial management. The Foundation aims to implement a modern, comprehensive solution for its key processes and services in a project environment with the goal of further increasing efficiency and customer service. The IFS solution also contains effective tools that interface with FTPI’s existing systems, including human resource management, point of sale, and E-Library systems.
"With IFS Applications in place, we can plan the project more efficiently as the solutions enable us to view cost, time utilization, and available resources in real time, thus minimizing the risks of the project. We can improve the cash flow tremendously because all the business units are tightly integrated and share a single database. The functionality in IFS Applications meets our business requirements better than anything other solutions can offer," said Phanit Laosirirat, Ph.D., Executive Director FTPI. “Moreover, the IFS representatives have proven themselves to be skillful and competent when it comes to understanding our business, which is crucial to the long-term relationship we are now embarking on with 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 54 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 2,600 employees and net revenue in 2007 was SKr 2.4 billion.