Monday, February 18, 2008

Railroad service provider selects IFS Applications to replace numerous legacy systems

IFS, the global enterprise applications company, announced today that Loram Maintenance of Way, Inc. of Hamel, Minn., has selected IFS Applications to replace its 19-year-old material requirements planning (MRP) system.

Loram, a 700-employee maintenance equipment and services provider to the railroad industry, chose to implement IFS Applications to reduce the number of legacy systems and the exorbitant costs associated with maintaining the connections between them. After thorough review of the marketplace, IFS Applications was chosen because of its strong focus on engineer-to-order (ETO) for the mid-market and its proven maintenance, repair, and overhaul (MRO) solution for fleets.

“We are currently running multiple legacy systems, including a clumsy Computerized Maintenance Management System (CMMS) that is difficult to use and expensive to maintain,” Loram Maintenance of Way, Inc. Chief Financial Officer Don Cherrey said. “We realized that our 19-year-old MRP system was outdated, and we needed to replace it with a more sophisticated and reliable solution to improve our bottom line.”

“At IFS, we’ve been developing applications for complex engineered products for over 20 years,” IFS North America President and CEO Cindy Jaudon said. “We offer the expertise and the industry-specific tools to help engineer-to-order and project-oriented manufacturers become leaner, more agile, and better equipped to deliver their products on budget, on time, every time.”

The Construction, Contracting and Service Management industry is one of IFS’ targeted vertical market segments. The company offers a complete and integrated business solution that manages the entire lifecycle of contracts, projects, assets and services. With IFS Applications, companies can support and improve business processes by collaborating more closely with suppliers, subcontractors, operators and customers. IFS Applications includes functionality for contract and project management, risk management, budgeting and forecasting, engineering and manufacturing, supply chain management, document management and service and maintenance management all integrated with financials and HR. Existing IFS customers in the Oil and Gas segment are represented as EPCI contractors, Service Providers and Project Based Manufactures and include Fabcon, Chief Industries, Cosalt International, Rosenberg Verft, NCA, Doosan Babcock, SeaDrill, Greenland Group and Heerema Group.

About IFS

IFS (OMX STO: IFS), the global enterprise applications company, provides ERP solutions which enable organizations to respond quickly to market changes. The solutions allow resources to be used in a more agile way to achieve better business performance and competitive advantage.Founded in 1983, IFS has 2,600 employees worldwide. With IFS Applications™, now in its seventh generation, IFS has pioneered component-based ERP software. The component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages.IFS has over 600,000 users across seven key vertical sectors: aerospace & defense; automotive; manufacturing; process industries; construction, contracting & service management; retail & wholesale distribution and utilities & telecom. IFS Applications provide extended ERP functionality, including CRM, SCM, PLM, CPM, enterprise asset management, and MRO capabilities.

Contact Information

Kristy Mills

Phone: +1 262 317 7476

Contact Kristy Mills