Tuesday, September 30, 2014
Mermaid Marine implements IFS Applications to improve the efficiency of data handling and decision making
IFS, the global enterprise applications company, announces that ASX-listed Mermaid Marine Australia Limited, Australia's largest marine services provider to the offshore oil and gas industry, has completed the initial implementation of IFS Applications™. Benefits will include consolidating its marine and landside operations into a single integrated ERP platform to support efficient processes, real-time decision making and mobile information access.
- Integrated enterprise resource planning (ERP) to unify systems and streamline processes
- IFS Touch Apps to be deployed to provide employees with remote access to key information when on the move
- Implementation delivered on time and on budget
The initial implementation phase was completed on time and within budget in less than seven months. Key financial and operational processes have been streamlined, including financials, procure to pay, cost management, asset management, job management, job recording and invoicing, and accounts receivable.
“Implementing IFS Applications has given us a single source of information across the business,” said Jon Fowler, ICT General Manager for Mermaid Marine. “We are improving the quality and timeliness of information so employees have real-time visibility of what is going on in the business to make better informed decisions.”
“With IFS, Mermaid Marine can now provide department managers with real-time and reliable information to better manage and plan their operations,” said Peter Raynor, Chief Financial Officer for Mermaid Marine.
Mermaid Marine is also planning future implementation phases to include: marine asset management; health and safety, environment and quality; business development; and IFS Touch Apps for mobile device support. “IFS Touch Apps will help Mermaid Marine to capture information at its source to further drive efficiencies and remove the double or triple handling of information,” said Fowler.
After a comprehensive evaluation of ERP solutions, Mermaid Marine selected IFS because of its ease of use, speed of implementation and superior support for offshore vessels. IFS demonstrated how it could achieve ABS compliance for vessels and provide offline access to maintenance systems. “All the key user groups were won over by IFS’s ease of use,” said Fowler. “It also got ticks for ease of configuration, and ongoing maintenance and support. We wanted to get up and running quickly, and with IFS we are now more self-sufficient.”
”We are very pleased to announce yet another successful implementation project, delivered on time and on budget,” said Rob Stummer, Managing Director at IFS Australia and New Zealand. “By working with some of the world’s leading companies in the oil and gas industry, we have accumulated robust industry experience, which is reflected in our speedy deployments and in the IFS solution itself. We are convinced that Mermaid Marine will continue to benefit from the agility and scalability of IFS Applications, and we look forward to the continuation of our collaboration.”
About Mermaid Marine Australia
With its head office located in Fremantle, Western Australia (WA), Mermaid Marine Australia Limited (MMA) has grown substantially since listing on the Australian Stock Exchange in 1999 and is now one of the largest marine services providers to the oil and gas industry in the Asia Pacific region. As an industry leader and a member of the S&P/ASX200 Index, its vision is to be an employer of choice for its people, a service provider of choice for its customers and a company of choice for its shareholders.
MMA operates over 88 vessels throughout Australia and internationally, of which 62 are owned by the company. MMA’s modern fleet includes high-specification offshore vessels, which undertake a range of activities including; FPSO offtake support; supply operations, offshore drilling, construction and production support, survey support, subsea installation and towage operations.
MMA also operates a strategically located supply base and ship repair facility in Dampier WA, a supply base in Broome WA (operated under a joint venture with Toll), a shipyard in Batam, Indonesia, and an oil and gas focused facility in Singapore.
IFS™ is a globally recognized leader in developing and delivering business 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) that was founded in 1983 and currently has over 2,600 employees. IFS supports more than 2,200 customers worldwide from local offices and through partners in more than 60 countries. For more information visit: www.ifsworld.com.
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