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The IFS solution has a world-class project lifecycle (PLM) and asset management solution (EAM) – a combination rarely found in one integrated software solution. If you also have an offsite manufacturing facility, then IFS can provide a project-based manufacturing solution for this business unit as well.
All of the above main business processes are integrated with a common set of supporting modules including finance, human resources, document management, procurement, supply chain and subcontract management, quality and health and safety, plant and equipment hire and rental. IFS understands the importance of cost control through all stages of the asset’s life.
The trend in the industry is to move to a TOTEX model (Capex + Opex). IFS has one integrated solution that covers the management of capital projects, and the operations and maintenance of the asset. This makes the management of TOTEX very simple with one set of numbers.
The world-class project cost control solution allows monthly project cost reviews to be managed in an integrated way without the need to use lots of Microsoft® Excel® spreadsheets. It supports both a work and cost breakdown structure model.
IFS expert Kenny Ingram discusses how companies involved with the engineering, construction and fabrication of complex assets and infrastructure need integrated construction software to better manage time, cash, cost and risk.
IFS Applications manages the entire construction- and asset-lifecycle project – bid, estimate, plan, engineer, procure, materials management and manufacture, build and install, commission, maintain and service, spares and supply chain, repair, refurbish and disposal.
IFS Applications includes functionality for contract and project management, risk management, project budget and cost control, forecasting and accounting, mobile solutions for site work, call and case management, including service level agreements (SLA), all integrated with financials and human resources.
IFS Applications is a flexible, component-based industry solution that can be deployed standalone, integrated with existing corporate enterprise systems, or as a comprehensive IFS Applications deployment.
IFS’ technology for collaborative solutions and data exchange expand business processes out into your extended network of sub-contractors, partners and customers. The solution includes interfacing tools for computer-aided design (CAD) applications and standard integrations to planning systems such as Oracle Primavera and Microsoft Project.
With IFS, large corporations have the multi-national, multi-language, multi-site, multi-currency and multiple sets of accounting and tax-rule capabilities they need. For smaller companies, IFS Applications is a comprehensive solution, appropriate for divergent business processes and plans.
Kenny Ingram, Global Industry Director for Construction, Engineering and Infrastructure at IFS, discusses the Future of Construction in the Times Raconteur.
Increasing competitive pressure plus the growing imposition of new legislation makes it essential for companies in the Construction, Contracting and Infrastructure sectors to deploy a business solution that can keep pace with their constantly changing world.
See how software helps realise the value of digital transformation in construction, taking design data and driving it though the business process.