EPCI Contractors

PROJECTS DRIVE EVERYTHING

For most Oil and Gas industry contractors, projects are the cornerstone of their business, and being able to manage projects of various sizes and complexity is often key to success. Given their impact across the value chain, project-based parameters should control and determine schedules for engineering, procurement, document delivery, job setting and fabrication. An efficient flow of information amongst the different disciplines must be ensured. IFS Applications is a real project-driven solution, where the project itself is the engine, ensuring high-level visibility and transparency throughout your enterprise.

MANAGE ENGINEERING AND PROCUREMENT CHANGES

Integration of engineering and purchasing/fabrication with other disciplines is always beneficial, but absolutely essential for Oil and Gas industry contractors. IFS Applications includes a central repository for multi-discipline engineering data, shared throughout the enterprise, ensuring efficient and error-free data handovers from engineering to purchasing, fabrication to installation and – in the event of last-minute design changes – from engineering to installation.

MANAGE YOUR CONTRACTS

Traditional enterprise, or ERP, systems don’t adequately address sales and sub-contract complexities, potentially exposing an EPCI Contractor to undue risk. With IFS Applications, unlike with the traditional approach of using purchase orders, users are able to handle complex contracts and unstructured deliverables using progress and invoicing rules. For example, sub-contracts track more than just items received into inventory, but rather document complex agreements that define services scope and subsequent performance management, culminating in the application for payment process.

REAL-TIME PROJECT FOLLOW-UP

In IFS Applications, costs and revenues are budgeted, tracked and compared – not only in general ledger but project-by-project. This ensures real-time follow-up and tracking of incurred and actual costs with reliable forecasting, both the detailed and overall, based on EV principles – including ETC, EAC and S-curve. Managers look at near real-time project data and future performance projections, rather than just being presented – after the fact – with budget, schedule and specification results. IFS Applications helps you manage the future, not just the past.