IFS

24-Feb-2010

The importance of a good enterprise resources planning (ERP) system in the highly specialised paint and ink industry can never be underestimated. And global giant for component based business software, IFS responded to the industry’s unique needs with an agile and flexible solution. Shortly after its launch, several leading paint and ink manufacturers in the world including Teknos, Akzo Nobel, Jotun, and Becket Acroma have chosen IFS’ offering to help boost revenue and cut costs.

21-Feb-2010

IFS, the global enterprise applications company, said that the U.S. Army has selected IFS Applications as the manufacturing and maintenance software for use in its Logistics Modernization Program (LMP) at all the Army's arsenals, depots, and ammunition plants.

The basic purchasing agreement (BPA) between Army Materiel Command (AMC) and IFS North America outlines plans and options to purchase IFS Applications components and services over five years, totalling U.S. $9.9 million.

8-Feb-2010

17-Jan-2010

In an era where most companies are focusing on taking it slow, Sweden based IFS, one of the world’s leading providers of Enterprise Resource Planning (E R P) solutions has transformed its image from the iconic purple and yellow, to a more cutting edge purple and white.

6-Jan-2010

IFS, one of the world’s leading providers of component-based business software, was selected by Millat Tractors Limited of Pakistan to connect its dealer network to the company’s main system.

13-Dec-2009

By Surekha GALAGODA

IFS is rolling out a new agile development methodology across the group and Sri Lanka is controlling the technical training from the second half of last year said Thomas Petersson - Senior Vice President - Product and Marketing - IFS in an exclusive interview. The branding exercise in Sri Lanka is significant as training and education are key to the growth in Sri Lanka.

29-Nov-2009

One of the leading global enterprise applications companies in Sri Lanka, IFS was a key participant in the IT-BPO (Information Technology and Business Process Outsourcing) Career Fair held in Anuradhapura this October. Conducted jointly by the Information and Communication Technology Agency of Sri Lanka (ICTA), the Education Ministry (MoE) and the IT- BPO Private Sector, this is part of a government lead initiative to create and spread awareness of the IT-BPO industry and also to provide much needed career counselling, especially to the rural sector.

29-Oct-2009

Most companies of a certain size are in the red. And above all, there’s been an incredible fall-off in sales of new licenses.

The only reason the overall numbers on the debit side have been kept low is that consulting and service revenue has held up well. But there’s a shining exception—Swedish-based IFS. While big ERP companies have been mulling over how much they need to reduce headcount and cut costs, IFS has grown, continuously and sustainably, and the second quarter was no exception. The second quarter of 2009—known as the ‘Quarter of Death”. And not without reason.

27-Sep-2009

Kitron ASA, one of Scandinavia's leading contract manufacturers, has chosen IFS Applications to standardize and improve business processes throughout the organisation.

In a contract valued at SEK 21.5 million, including software licences and services, the solution will also incorporate the new IFS Enterprise Explorer (IEE) interface. The solution includes components for Manufacturing, Distribution, Finance, Project Management, Customer Relation Management (CRM), Human Resources (HR) and Business Intelligence (BI).

Kitron has a Nordic EMS (Electronic Manufacturing Services) operation with R&D and manufacturing sites in Sweden, Norway and Lithuania. "We have three objectives with the project; the standardization of business processes, a higher degree of efficiency regarding process improvements and cost savings, and finally an increased quality of information," said Bjorn Wigstrom, CFO of Kitron.

3-Sep-2009

Sri Lanka is on the threshold of a Project Economy, experts at IFS a global leader in business applications explained, and local manufacturers must prepare themselves with the right tools to gear up for the emerging changes.

Across the world, there is a new phenomenon taking over as more and more businesses focus on operations that revolve around projects, which assemble experts, standards, tools and technology into a temporary arrangement to achieve set objectives and then disband. Moving from the Information Age of the 1990s, the revolution called the Project Economy has increased business complexity, shortened product lifecycles and has resulted in a greater dependence on information. Sri Lanka is not immune to this global change, and as IFS Sri Lanka Head of Applications- Manufacturing , Thusitha Withanage pointed out, it is now more important than ever for local manufacturers to implement the right systems to deal with the realities of a Project Economy.

18-Aug-2009

IFS, the global enterprise applications company, today announced that it has signed an agreement with Qurius International Holding B.V. to purchase 100 percent of the shares of MultiPlus Solutions AS. The purchase price will be paid in cash. The acquisition will further strengthen IFS' market position with respect to project-based solutions (PBS) for targeted industry sectors.

MultiPlus Solutions, based in Sandefjord (Norway) and with sites in China and Denmark, is a well-established vendor of project-based business applications to the marine (shipbuilding, offshore), EPCI (Engineering, Procurement, Construction, and Installation) and project manufacturing industries. The company offers a complete ERP suite including functionality for areas such as finance, project control, maintenance, manufacturing, document management, and human resource management.

10-July-2009

Saab AB has signed a corporate agreement with IFS to deepen the cooperation between the parties and to position the group for new business opportunities. The agreement covers licenses, consulting, support, and maintenance of IFS Applications for the entire group and has an estimated value of SKr 120 million over four years. The value of the licenses is approximately SKr 12 million, of which SKr 5 million are called off in June 2009.

Several companies within Saab currently use IFS Applications for after-sales services, design and manufacturing, MRO (Maintenance, Repair, and Overhaul), engineering, supply-chain management, and project management. Saab has been a customer of IFS since 1994 and has a long-term strategy of increasing its use of IFS Applications across the group to achieve greater efficiency within IT.

17-June-2009

IFS, the global enterprise applications company, today announces that Bangladesh’s largest independent power generation solutions provider and Caterpillar distributor, BanglaCAT will implement IFS Applications. BanglaCAT has recognised the need for an agile and flexible enterprise solutions system to integrate its business operations across the region.

From left to right (standing): Md. Abu Raihan(IFS Consultant, ICE Technologies) , Asif Hasan(Head of Applications Sales, ICE Technologies), Rubaiyat Jamil(CEO, ICE Technologies), Mohammad Abdul Wahid(Manager, Projects, ICE Technologies), Zahid Khan(COO, ICE Technologies), Shiraz Lye, (Manager Sales and Marketing South Asia)

13-May-2009

By Nizla Naizer

With 2008 the best year ever for global enterprise solutions provider IFS, the Sweden based company reiterated its commitment to continuing and developing operations in Sri Lanka with the visit of President and CEO Alastair Sorbie recently.
He informed that with a growth of 26% last year, IFS remained strong, despite the global economic slowdown. With plans to increase operations in the North American market of which 1% belongs to IFS, he was confident that IFS will remain consistent and not decline like many global firms. “However, we are looking at expanding into the larger economies like China and India and the smaller economies as well like Sri Lanka where we are well placed.” IFS will also invest more in offshore, defense and infrastructure projects, and Sorbie was confident that the company will be well placed within a few years.

5-May-2009

IFS reiterates its commitment to developing IT operations in Sri Lanka with IFS President and CEO Alastair Sorbie’s visit to the island.

Times are tough and the world is bracing under the weight of a global recession, the Swedish based Global Enterprise Applications Company IFS, reiterated its commitment in continuing and developing operations in Sri Lanka with the visit of its President and CEO Alastair Sorbie.

His visit included a discussion with the 700 strong IFS workforce in Sri Lanka and an open forum with its Sri Lankan customers. He explained the future strategy of the company while reaffirming his commitment to the continuous faith and support of the team in Sri Lanka. IFS, which is a leading business solutions provider to organizations across the world are determined to further strengthen their operations in Sri Lanka which has grown in leaps and bounds.

3-May-2009
By Deshamithra Wickramasinghe

Information Technology (IT) graduates in Sri Lanka are highly skilled, when compared with the rest in the region. The standards maintained by Sri Lankan university graduates is one of the main factors that made IFS commence operations here 11 years ago, said Alastair Sorbie, CEO and President IFS.

“We work closely with the university network in the country and tap these resources in accordance with our recruitment procedures. IFS has provided nearly 700 scholarships for IT sector graduates in the Eastern and Southern universities,” he added.

2-Apr-2009

Teknos, one of leading paint manufacturers in the Nordic region, has chosen IFS Applications to increase visibility, integration and collaboration between companies and countries within the group. The solution will be implemented in Teknos’ operations in Finland, Scandinavia, Germany, the United Kingdom, Poland, Slovenia and Russia.

IFS Applications will replace several ERP systems, reducing IT cost as a result of economies of scale by supporting all of Teknos’ operations and processes in a single modern ERP solution. Operations will also benefit from the standardization of data structures and processes throughout the group.

31-Mar-2009

IFS, the global enterprise applications company, launched its Eco-footprint Management tool to provide organizations with unprecedented control and transparency on the environmental impact of their operations.

The tool offers customers for the first time an Enterprise standard methodology to help them control costs and meet an urgent need to prepare for compliance with environmental legislation.

Eco-footprint Management will be added to IFS’s software suite, IFS Applications. Users will be able to configure IFS Applications to capture environmental impact information from throughout their business just as easily as they configure their financial system to capture cost.

1-Mar-2009

IT undergraduates at the University of Peradeniya are in for some real-life professional experience with the handing over of the IT research lab in the Computer Engineering Department of the University of Peradeniya. This is yet another initiative undertaken by IFS to strengthen the relationship between Universities and the IT industry to give IT undergraduates the opportunity to undertake research that is applicable to real world IT applications.

Senior Vice President of the IFS Group, Thomas Petersson attending the inauguration ceremony said, "The R&D Centres in Colombo and Kandy are the largest contributors worldwide to the development and support of IFS Applications. In the fast changing world of business and technology, we understand the necessity for university students to engage in the evolving business practices and related technologies at the early stages of their studies. This can only be achieved through close cooperation between industry and the universities."

18-Feb-2009

Setting up an international organization that spans the entire globe can be fraught with difficulties. Many companies that have tested offshoring have found that it costs more than it’s worth. But for IFS, an ERP supplier headquartered in Linköping, Sweden, investing in Sri Lanka has been a real success. At the end of 2008, the company opened a new branch in Kandy, a district with 1.3 million inhabitants over 100 km inland from the capital. "We realized that many of our employees are from that area and wanted to move back. As soon as it became known that we were opening a new office, we received more than 40 applications," says Thomas Petersson, whose job it is to integrate IFS’ international operations.

27-Jan-2009

Babcock Marine has signed a contract to implement IFS Applications to support its operations, improve efficiency and reduce cost.

The initial licence value of the contract is over $1.5 million. Babcock Marine is UK’s leading provider of engineering and support services to the Royal Navy currently carrying out approximately three-quarters of the annual maintenance and refit load required to support the Royal Navy’s surface ships. Babcock Marine is also leading submarine support provider to the Royal Navy.

The Babcock Group has been using IFS Applications since 2000 in their Marine, Defence Services, Rail, Networks and Infrastructure Services divisions. Babcock Marine will use IFS Applications components for finance, supply chain, manufacturing, projects, maintenance, human resources, payroll and business performance.

20-Jan-2009
By Anjana Samarasinghe

Local IT companies need to be more transparent in revealing their financial performance for making growth projections in the industry said Vice President of IFS South Asia Jayantha de Silva.

In the local IT industry it is difficult to measure the real growth in terms of monetary value. Large companies in the industry reveal their financial performance but most of the small companies are reluctant to reveal their performance.

The lack of real numbers in the industry impacts on making projections for the development of the industry he said.

The industry needs to encourage these companies to reveal their income status and there should be a mechanism where incentives could be granted for companies who reveal their financial performance, he said.

4-Jan-2009
by Surekha GALAGODA

IFS, the Global Enterprise Applications company will focus more on foreign projects this year to balance the mix and also earn more foreign exchange but we will never neglect our local clients, said Vice President South Asia IFS Solution Asia Pacific Jayantha de Silva.

He said that the company is planning some contingencies while IFS will work in synergy with other companies to mitigate the effects of the down turn that is gripping the world.

The core areas of IFS are Defence such as Lockheed Martin, Enterprise asset management and not the traditional areas of banking and insurance.

4-Nov-2008

IFS AB, the global leader in component based Enterprise Application Business Software, opened its second Research and Development Centre in Kandy yesterday.

Senior Vice President of the IFS Group Thomas Petersson ceremonially inaugurated the new R&D Centre yesterday. The new R&D Centre in Kandy will employ 120 software professionals.

Petersson said the R&D Centre in Colombo is by far the largest contributor worldwide to the development and support of IFS Applications.

“We are very impressed by the high quality of the software produced by our staff in Sri Lanka and the competitiveness of our products in the international market bears testimony to the high standards set by our Sri Lanka operations”, he said.

13-Oct-2008
By Kavinda Hettiarachchi

"During the short period of our occasion with Overseas Realty, we witnessed that the company values service excellence and is eager to provide a better service to their customers. We are extremely pleased to take part in this process. IFS has similar regional experience, the best example is "three Gorgeous project China" which is one of the largest infrastructure projects in the world. Many of our staff had the opportunity to be involved in this project and have gained vast experience which we would use for the benefit of Overseas Realty." Said Jayantha De Silva Vice President, South Asia, IFS Sri Lanka, addressing the media on announcing the relationship between IFS and Overseas Realty, recently.