Monday, October 26, 2015

IFS launches IFS Applications 9 update along with new support model

IFS Applications

Update highlights:
  • New in-memory capabilities
  • Enhanced visualization of manufacturing processes
  • Extended support for rental management
  • Improved group consolidation functionality

IFS, the global enterprise applications company, announces a number of updates to its enterprise software suite IFS Applications™ 9.

Among the new and enhanced features of IFS Applications 9 update 1 is the in-memory capability announced earlier this year. Part of the in-memory solution is IFS In-Memory Advisor™, which helps customers apply in-memory technology to the areas of IFS Applications where it will yield maximum effect, or if so desired, run the entire application in-memory. By using in-memory, users can run analytical queries hundreds or even thousands of times faster than before. With compression ratios of three to ten times, even terabyte-sized databases are possible to run in-memory. 

The release also includes significant updates to the manufacturing component, such as enhancements that let users action production issues directly from the IFS Manufacturing Visualizer. In addition, the visualizer has been equipped with new charts to optimize production planning. The IFS Quality Management module also includes several improvements such as acceptance sampling.

IFS’s rental management capability contains numerous new and improved features as well as major usability enhancements. The solution now allows users to associate specific work orders with external or internal equipment rentals.

The IFS Financials component has been updated with extended support for group consolidation, including advanced analysis of consolidated balances using IFS Business Analytics.

IFS is also launching a new support model based on quarterly updates of IFS Applications. Thanks to the new layered application architecture of IFS Applications 9, updates can be implemented quicker and easier than in previous versions. The result is that customers can benefit from the very latest product enhancements faster and at a lower cost. 

“Following the successful launch of IFS Applications 9 earlier this year, we are very excited to release this first update, which includes both new and enhanced features,” IFS CTO Dan Matthews said. “Along with the feature updates, we are also happy to reveal a new update delivery system. This takes us a major step closer to our vision of providing our customers with ‘evergreen’ business applications, allowing them to enjoy the benefits of our latest and greatest software at a significantly lower cost.”

About IFS

IFS™ is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) founded in 1983 and currently has over 2,700 employees. IFS supports more than 2,400 customers worldwide from its network of local offices and through a growing ecosystem of partners. For more information visit: www.ifsworld.com. 

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Contact Information

Vice President, Corporate Communications Oliver Pilgerstorfer

Phone: 44 1494 428900

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Head of Investor Relations Frédéric Guigues

Phone: 46 8 58 78 45 00

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