28 October, 2010

BSBK selects IFS Applications to support its growth

BSBK Engineers Pvt. Ltd., a leading Indian EPCI company, has selected IFS Applications to increase competitiveness and streamline its corporate business processes.

After a comprehensive study of various ERP vendors, BSBK selected IFS as its business applications provider as a result of the agility and functionality fit of IFS Applications. The contract was signed on August 16, 2010. The objective was to have an integrated project-oriented solution that covered all the facets of its business. BSBK will implement IFS Applications as part of its growth strategy to support its activities carried out in a challenging and competitive environment. It aims to streamline its business processes, manage construction more efficiently, and support further growth as an engineering, procurement, construction, installation (EPCI) contractor. It will also improve project performance. The solution at BSBK includes IFS components for financials, distribution and project management.

Mr. Karan Gupta, Director at BSBK, said, “We are one of the major project-based organizations in India. The reason for selecting IFS Applications is its product fit for the EPCI industry, user-friendly features and component-based architecture. The people at IFS have considerable experience and knowledge of the EPCI industry, which will benefit us a lot and accelerate the implementation process.”

“EPCI is one of our focus areas, and we continuously strive to improve our offering to our customers with better support and technology innovation. We are happy to have an association with BSBK,” said Mr. Thiru Vengadam, Managing Director of IFS Solutions India Pvt. Ltd.

The construction, contracting and service management industry is one of IFS’ targeted vertical market segments. IFS offers a complete and integrated business solution that manages the entire lifecycle of contracts, projects, machines and equipment. With IFS Applications, companies can support and improve business processes by collaborating more closely with customers, suppliers and subcontractors. IFS Applications includes functionality for contract and project management, risk management, budgeting and forecasting, engineering and material management, manufacturing, document management and service management, all integrated with financials and human resources. In the oil and gas market segment IFS targets EPCI contractors, project-based manufacturers and service providers. Customers include Abir Infrastructure, VA Tech , Grenland Group, Heerema Fabrication Group, Babcock Engineering Services, Harland and Wolff, ShawCore, Dresser-Rand, Yantai Raffles, Aker Yards, Seadrill, NCA, Advanced Production & Loading (APL), Rosenberg Verft, Hamworthy Gas Systems, Rotary Engineering, and Shedden Uhde

About BSBK Engineers Pvt. Ltd.

BSBK, with rich experience of about 100 years in execution of EPC projects, has been providing total solutions on a turnkey basis to various sectors of the industry—power, alumina, steel, mining, etc. For the power industry, its specialization is in material handling systems for coal and ash. BSBK a leading providers of solutions with conveyor systems, vacuum and pressure pneumatic systems, and lean, high-concentration slurry disposal systems, etc. With more than 1000 installations in India alone, its system handling capacities are amongst the highest in the world.

More information on BSBK is available at www.bsbkgroup.com

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in more than 50 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,700 employees and net revenue in 2008 was SKr 2.5 billion.

Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

Contact Oliver Pilgerstorfer