IFS EXECUTIVE SUMMARY

MANAGE THE ENTIRE PROJECT AND ASSET LIFECYCLE WITH A SOLUTION FULLY INTEGRATED WITH FINANCE AND HUMAN RESOURCES
The construction industrys global scale highlights issues related to industry best practices, data management and collaboration among highly trained professionals. Construction companies and contractors use IFS Applications to reduce risk and better manage development lifecycles. For contractors and service providers it is an industry-based solution for long-term asset and maintenance management. Throughout the world, IFS is widely recognized as a leading provider of enterprise solutions for asset-intensive industries. IFS Applications for Construction and Contracting manages the entire constructionand asset-lifecycle projectbid, estimate, plan, engineer, procure, materials management and manufacture, build and install, commission, maintain and service, spares and supply chain, repair, refurbish and disposal. Maximize profitability by having one common solution to manage both new construction projects and longer-term maintenance and facilities management contracts. IFS is unique in that we are specialists in both asset and project management. PROJECTS DRIVE EVERYTHING With IFS Applications, project-based parameters control and determine schedules for all functions, including engineering, procurement, document delivery, installation and construction, coordinated by an efficient information flow among the different disciplines involved. With a project-driven solution where the project itself is the enginehigh-level visibility and transparency are ensured throughout your enterprise. Everyone benefits from one common plan, ensuring projects deliver on time and budget. MANAGE CHANGE Track project variations and changes as they happen, and make sure you get paid for them. IFS Applications includes a central repository for change requests and orders, ensuring change is properly managed. Electronic workflow manages the change process as it passes through the organization. Visibility extends to operations and maintenance, through as-designed, as-built and as-maintained equipment records. REAL-TIME FINANCIAL CONTROL In IFS Applications, contract costs and revenues are budgeted, tracked and compared. This ensures realtime visibility of incurred, committed and actual costs. Project-cost control features support the periodicreview process, comparing the latest project forecast with budget and previous forecast. These features can be brought to bear at any level of the work- or cost-breakdown structure. In addition, earned value management is supported, with comprehensive project accounting and revenue recognition features available. IFS Applications helps you manage the future, not just the past. ASSET MANAGEMENT AND MOBILITY Contractors want to sell their expertise as services. As the asset system of record, IFS Applications eases the transition to operations, with asset design and equipment data available from the start. The maintenance function tracks design changes throughout the assets life.

IFS EXECUTIVE SUMMARY

Our solution combines calendar-based maintenance with event-based, condition-based and predictive maintenance strategies. Integration with global positioning (GPS) mobility solutionsincluding IFS Touch Appskeeps all parties in synch, based on IFS leading mobile workforce scheduling and optimization solution. ASSET INFORMATION MANAGEMENT Putting all project data into one system during the design, development and construction phases ensures sound information management. It also makes transition to operations smoother, with equipment asset data available from the start. While design work is accomplished by means of computer-aided design (CAD) and computer-aided engineering (CAE), IFS is the system of record for asset design, planning, data management and engineering change management (ECM), furnishing stakeholders with accurate information regarding asset infrastructure. These product lifecycle management capabilities are based on IFS Applications components for document and data managementincluding integration with leading CAD vendors. MOBILITY SOLUTIONS Mobility solutions integrated with GPS functionalityincluding IFS Touch Appskeep business systems in synch with performance in the fieldfrom sales to delivery. Working directly in the enterprise system, on-site managers document work orders, issue fault reports, confirm delivery routes and complete on-site transactions, all based on real-time information. In addition, IFS offers leading mobile workforce scheduling and optimization software. A highly scalable SOA optimization framework delivers advanced mobile workforce scheduling for both on-premises and cloud deployment. Key to enabling high-quality field service is the ability to meet commitments, reduce costs and achieve operational control of the field-service workforce. ANATOMY OF A COMPREHENSIVE SOLUTION IFS Applications is a single, flexible solution with a track record of successful implementations. IFS Applications offers superior functionality today and a clear roadmap and continuous development going forward. Companies seldom delay accessing the latest solutions. IFS is a one-stop shop for business and industrial applications: used standalone; as a complement to a corporate system; or as part of a broader IFS Applications engagement. With IFS, large and mid-size 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. Our global consulting arm brings to bear its deep industry-domain expertise and long-term commitment to the construction industries in support of what are truly global roll-outs. IFS offers the simplicity of a single contract and a single contact. IFS agile development methodology drives the ongoing enhancement of its application solutions based on deep process-based collaboration with users. We support our users through knowledge-sharing customer communities that include advisory councils and openIFS. LEARN MORE To find out more about how IFS Applications can help your construction and contracting enterprise maintain its competitive edge, see the IFS Construction, Contracting and Infrastructure brochure. For general information about IFS Applications, visit www.IFSWORLD.com.

En4820-1 Production: IFS Corporate Marketing, October 2011