IFS Applications for EPCI Contractors offers the oil & gas industry a modern, proven project-driven business solution for efficient handling of large modification and EPCI contracts. With projects and asset lifecycles in focus—from engineering and procurement to construction/fabrication and installation—IFS Applications for EPCI Contractors helps increase visibility and improve business performance.
For most oil & 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.
Integration of engineering and purchasing/fabrication with other disciplines is always beneficial, but absolutely essential for oil & 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.
Traditional enterprise, or ERP, systems don’t adequately address sales & sub-contract complexities, potentially exposing an EPCI Contractor to undue risk. With IFS Applications, unlike with the traditional approach using purchase orders, users are able to handle complex contracts and unstructured deliverables using progress and invoicing rules. For example, subcontracts 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.
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 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.
Hamworthy Gas Systems AB is a world leader in the development and delivery of gas systems for ships, offshore and landbased industry, as well as fluid handling systems for the offshore market. Headquartered in Asker outside Oslo, Norway, the company has increased its workforce from 50 to 250 full-time employees in the past four years. Annual operating income now far exceeds NOK 1 billion.
We now have a system that supports our internal core value of Continuous Improvement. Eigil Ulsbøl, CFO
Heerema Fabrication Group (HFG) is part of the Heerema Group. The Heerema Group designs, constructs, transports, installs and removes offshore facilities for the global oil & gas and energy industry. HFG has more than 800 employees worldwide and over 2 500 subcontractors.
To us, IFS is a toolbox. It allows us to develop far more activities then we ever thought possible. Using IFS Applications is a prerequisite for HFG to set the next step in our strategic development. Arjen Hoefkens, IT manager
Agility Group is a full-service engineering, procurement and construction company targeting the global oil and gas and process industries, situated at 10 different locations in Norway, as well as in Shanghai, China, it has about 1 100 employees and reported revenue of NKr 1.5 billion in 2009.
Using IFS Applications really gives us a competitive edge; partly because it means that our most critical processes are run in a common solution and partly because the ERP software in itself offers a great degree of agility. Finn Rasmussen, VP Business Systems Agility Group
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