Wednesday, April 22, 2009
Indian contractor VA Tech Wabag goes live on IFS Applications
VA Tech Wabag, India selected IFS Applications to streamline its business processes in October 2007. The company has now successfully gone live on IFS Applications components for distribution, financials, engineering, operational HR, sales & service, and maintenance in addition to a number of cross-functional components.
Competing solutions were SAP, Oracle and Microsoft Business Solutions. SAP was offered by HCL and Wipro. IFS Solutions India Pvt. Limited won the bid because it offered industry-specific enterprise applications from IFS that were easy to implement quickly. The project-centric applications offered by IFS matched the requirements of VA Tech Wabag, which is an engineering, procurement and construction (EPC) company.
“IFS stood out as having the best functional fit for our business and has a solution that supports our project-oriented business, both today and in the future. Moreover, the IFS representatives have proven themselves to be skillful and competent when it comes to understanding our business, which is crucial to the long-term relationship we are now embarking on with IFS. The superior technology of the IFS solution, its ease of use, short implementation period and low total cost of ownership were the key reasons we selected IFS Applications,” said Mr. Varadarajan, CFO, VA Tech Wabag.
Dr Chandan Chowdhury, managing director of IFS India, said “IFS’ offering to the project-centric industry provides complete control of a business at a low cost of ownership. IFS has strong, component-based functionality, and its track record in project-centric industries makes it a leader in the EPC segment”.
VA Tech Wabag required a solution that would increase project management efficiency and to better manage time, budget, and costs. The company also needed to manage more efficiently project-related sub-contracts. Moreover, it needed to be able to consolidate various project details in international projects to enable head office to enhance planning. The ability to maintain project profitability and efficiently allocate resources were two other key requirements.
IFS Applications has given VA Tech Wabag easy access to critical business information throughout the enterprise and dedicated project-centric functionality that improves project overview, planning and control, and facilitates follow-up. It now has much better connections between project activities, settings & material, and enhanced cost control. Now, the profitability of a project is easier to monitor. The project-centric software from IFS gives VA Tech Wabag complete control if its project lifecycles.
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.