IFS Applications Software Number Three in Power Generation Enterprise Asset Management
ITASCA, Ill. (June 07, 2011) – IFS AB, the global enterprise applications company, has been identified as the third largest vendor globally in enterprise asset management (EAM) software for the power generation industry by ARC Advisory Group, the leading information technology research and advisory firm for industry and infrastructure.
ARC Advisory Group, in its new publication “Enterprise Asset Management and Field Service Management, Five Year Market Analysis and Technology Forecast through 2015,” places IFS Applications in the number three spot with regard to market share.
“In power generation, good asset management including uptime and asset longevity is essential for high operating and financial performance. To realize this, maintenance labor and materials represent a major portion of operating costs in the firm’s P&L statement,” ARC Advisory Group Research Director Ralph Rio said. “Leadership in asset management represents the next pioneering area for improved operating performance and return on asset (ROA). Utilities use EAM to drive more value from plants, facilities and equipment.”
“IFS Applications offers not only class-leading EAM functionality including maintenance and work orders, but a full enterprise suite that supports EAM with financials, supply chain management, human resources and other disciplines,” IFS Global Industry Director for Energy & Utilities Michael Blalock said. “If you look at your assets as being central to your business, we really believe your enterprise software should make asset management a key business driver. Only IFS offers EAM that addresses all phases of the asset lifecycle including initial design engineering and the management of capital projects.”
For more information on ARC’s findings, visit http://www.arcweb.com/Research/Studies/Pages/EAM.aspx to view an overview or obtain the full-length report.
Energy and Utilities is one of IFS’ targeted market segments. Since it was founded, IFS has developed and delivered best-practice-based, industry-specific solutions for the sector in enterprise asset management, capital project management, and plant lifecycle management. IFS solutions support all critical business enterprise processes with an integrated applications suite for capital project management, supply chain management, assets and work management, service and contracts management, sustainability, financial management, human resource management, document management, etc. Cost-effective and scalable, IFS Applications(TM) is used in large-scale, enterprise deployments and as best-of-breed functionality. World-class utilities functionality, an agile application architecture, and a dedicated team of experienced professionals have made IFS the choice of leading utilities such as Three Gorges, National Hydroelectric Power Corporation, Brookfield Renewable Power, Mälarenergi ,GECOL, Horizon Utilities, Torresol, Barking Power, PKE, and nuclear power stations in Sweden (E.On OKG, Vattenfall Forsmark, Ringhals), South Africa (PBMR), China (Sanmen, Shandong and Qinshan), France Telecom, B Sky B, TenneT.
About IFS
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications(TM), a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total.
For more information about IFS, please visit: www.IFSWORLD.com
Source: IFS
