IFS Applications 7 Launched To Power Agile Enterprises

LINKOPING, Sweden, April 5 /PRNewswire/ -- IFS, the global enterprise applications company, today announced the launch of IFS Applications(TM) 7 to address the growing need for agility in today's increasingly complex business environment.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030320/IFSLOGO )

IFS Applications 7 enables enterprise agility so that organizations can take advantage of rapidly changing international market conditions. The new release gives enterprises a service-oriented architecture (SOA) with reusable business components designed for improved user productivity, faster implementation, lower total cost of ownership (TCO), and easier upgrades. Unlike traditional monolithic enterprise software, IFS Applications 7 meets today's business needs.

"Software components were the fundamental building blocks in the first generation of IFS Applications back in 1998," said IFS CEO Alastair Sorbie. "Now we are bringing to market the seventh generation of our component-based applications while our competitors are still on their first. The popularity of SOA means our competitors' development dollars have to be used to break up their monolithic applications while their customers wait for promises to be delivered. At IFS, we can concentrate on industry-specific business functionality that gives our customers a true competitive edge in today's increasingly global market."

IFS Applications 7 enables the efficient management and utilization of assets and resources across the globe, and the transformation of traditional manufacturing enterprises toward outsourcing and project-based business models with increasingly short product lifecycles.

New supply chain management and project enterprise features mean customers can meet complex global regulatory requirements, improve forecasting, and take advantage of multisite planning and mixed-mode manufacturing. IFS Applications 7 also includes improved functionality for call centers, resource allocation and planning, field service, project management, and sales contract management, which enables more efficient service processes both for independent service providers and for companies providing advanced after-sales service.

"IFS Applications 7 is the product of over 600,000 hours of development, much of it done in collaboration with customers," said IFS CTO Dan Johansson. "One of our major focuses has been to produce applications that are not only rich in business functionality but also have user interfaces that enhance employee productivity."

IFS Applications 7 is available for order from today and will begin shipping to customers in mid-April.

About IFS

IFS (XSSE: IFS), the global enterprise applications company, provides solutions that enable organizations to respond quickly to market changes, allowing resources to be used in a more agile way to achieve better business performance and competitive advantage.

IFS was founded in 1983 and now has 2,600 employees worldwide. IFS pioneered component-based enterprise resources planning (ERP) software with IFS Applications, now in its seventh generation. IFS' component architecture provides solutions that are easier to implement, run, and upgrade. IFS Applications is available in 54 countries, in 20 languages.

IFS has more than 500,000 users across seven key vertical sectors: aerospace & defense, automotive, high-tech, industrial manufacturing, process industries, construction & facilities management, and utilities & telecom. IFS Applications provides extended ERP functionality, including supply chain management (SCM); enterprise asset management (EAM); maintenance, repair, and overhaul (MRO); product lifecycle management (PLM); customer relationship management (CRM); and corporate performance management (CPM) capabilities.

More details can be found at www.ifsworld.com.

IFS Applications is a trademark of IFS Industrial and Financial Systems. All other referenced company or product names are trademarks or registered trademarks of their respective owners.

    For additional information, contact:

    Claire Rowberry or Richard Young, LEWIS PR
    Phone:     +1 617 226-8840
Email Contact

CONTACT: Claire Rowberry, or Richard Young, both of LEWIS PR,
+1-617-226-8840, Email Contact, for IFS

Web site: http://www.ifsworld.com/


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