31 October, 2013
IFS extends Corporate Performance Management (CPM) capability
IFS, the global enterprise applications company, has extended its IFS CPM solution to enable a full 360 degree perspective of processes and performance.
The operational intelligence capabilities ensure that managers have better situation awareness to support real-time adaptive decision-making. The solution prioritizes and alerts on what needs attention, giving managers real-time operational intelligence and actionable controls to tackle issues immediately. This results in better team work and improved efficiency across the organization. The direct insight into organizational value drives continual improvement and more effective strategy management for a business.
IFS CPM consolidates separate transactional data and event streams into a single dynamic management layer across the enterprise. The solution provides cockpits that deliver unique visibility, comprehensive business intelligence and analytics, alerting, decision-support and execution controls covering the entire range of management activities from strategic planning to the process performance of daily operations.
As an integrated element of IFS Applications, IFS CPM connects easily to other data sources and systems to provide a single-source view of predefined parameters for the user. The offering has been developed through IFS’s experience in the market dynamics of aviation and defense, where responsiveness and performance are key considerations. This increased capability will now extend through the entire IFS offering to provide benefits with end-to-end controls and associated templates.
IFS CPM includes the processes used to manage corporate performance. It also includes the methodologies that drive some of the processes (e.g. balanced scorecard and value-based management) and the metrics used to measure performance against strategic and operational performance goals (KPIs and KRIs). The analytic applications that provide the functionality to support these processes, methodologies and metrics are included.
The IFS CPM solution was developed in close cooperation with VisionWaves, with whom IFS signed a strategically important, global partnership agreement on October 30.
VisionWaves is an international company founded in 2000 that develops and implements VisionWaves Delta: the enterprise platform for end-to-end strategy and operational intelligence. Its disruptive technology led to the creation of the world’s first enterprise platform integrated by design to manage complex, high value organizations. VisionWaves focuses on Aviation, Banking and Mining. It has 50 employees and offices in the USA and Latin America.
IFS™is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite. IFS focuses on industries where management of any of the following four core processes is strategic: service & asset, manufacturing, supply chain, and projects. The company has 2,100 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2012 was SKr 2.7 billion.
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