North American Network Selects IFS Applications to Manage Complex Projects in Real-Time [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) IFS, an enterprise applications company, announced that North American Network (NAN), a sales and distribution channel of project and service-based businesses, has selected IFS Applications enterprise resource planning (ERP) solution for real-time project management. The contract is valued at $2 million USD.
According to a release, NAN is 100 percent funded by 12 separately owned companies that are part of a group of Local Business Partners (LBPs) in North America. These LBPs provide localized sales and associated service presence in industries such as project-based manufacturing, oil and gas, process manufacturing, and power generation.
Together, IFS reported, this network of business partners was looking to automate common business processes and consolidate multiple ERP solutions to manage its complex project and services businesses with one unified solution that could access real-time data.
Additionally, the group will implement a range of IFS Applications functionality, including modules for project management, manufacturing, supply chain management, and maintenance.
"We needed a solution that could consolidate twelve complex businesses on one standard platform for improved business process automation," NAN Executive Director Jon Zimbeck said. "We chose IFS Applications to support our businesses as it was the best overall fit, met all the software requirements of our member companies and has proven success in other project-based companies."
"IFS Applications will help NAN gain better control of its complex projects by removing potential risks that each project could face through the use of reliable forecasting and real-time project cost tracking," IFS Americas President and CEO Cindy Jaudon said. "IFS Applications will also help NAN standardize its business information where critical project details can be continuously updated and accessed by key stakeholders for better business decisions."
The project-based industry is one of IFS's targeted horizontal markets. IFS offers a complete project lifecycle management solution that enables businesses to manage project-related costs, timelines, resources, cash flows, and risks. The integrated nature of IFS's Project-Based Solution (PBS) facilitates real-time information at any stage of the project, enabling proactive problem-solving and reducing the need for error-prone manual entries. IFS's PBS offering includes functionality for project management, contract management, risk management, budgeting and forecasting, engineering and material management, and asset data management-all integrated with financials and human resources. The project-based market includes such IFS target industries as aerospace and defense, EPCI contracting, oil and gas, energy and utilities, construction, service management and project-based manufacturing.
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