SCHAUMBURG, Ill.—(BUSINESS WIRE)—February 7, 2008— IFS, the global enterprise applications company and a global supplier of enterprise asset management solutions for utilities, announced today its established relationship with world-wide geographical information systems (GIS) specialist ESRI. By combining the capabilities of the two corporations, utility companies will be able to improve efficiency and reduce costs in asset management, while improving customer service levels.
By bringing GIS and enterprise asset management together, users
are able to better visualize all aspects of their business operations,
such as electricity grids. This ability to navigate from maps to IFS
Applications and vice versa enables operational and customer issues to
be resolved faster and more cost effectively. Geographical context
makes it easier to understand the challenges faced by the field
service teams. This ability translates to better decision making on
personnel and equipment deployment; ensuring companies get assets back
"After several years of collaboration on a number of specific
projects, we have now formalized our working relationship with IFS,"
ESRI Marketing Manager of Utility Solutions Mitch Garnett said. "We
view IFS as a premier solution provider for asset-intensive industries
such as utilities and the oil & gas sectors. We now look to expand the
work we are doing with IFS and deliver greater value to our joint
One of the joint customers is Statnett, who owns and operates the
main Norwegian power grid and the Norwegian section of power lines and
subsea cables to other countries.
"Statnett integrated ESRI and IFS Applications some years ago,"
Statnett Maintenance Department Director Einar Mork said. "We have
seen many benefits, such as reductions in manpower and materials
costs, improvements in customer service levels, improved asset
performance, and better environmental stewardship."
Utilities, telecom and oil & gas companies have vast networks of
widely distributed assets including transmission and distribution
lines, substations, pipelines, and buried cables spreading across
large numbers of locations and miles. Keeping these well-maintained
and delivering top-quality customer services is vital. Safety with
respect to assets, the public and personnel must be maintained, and
availability demands are extremely high. Ease of access to maintenance
history, asset specifications, drawings, maps, and other documentation
enables utility managers and technicians to do a better job--faster
and at a lower cost.
IFS targets the energy and utilities industry and has more than
130 customers involved in power generation, transmission and
distribution and water and sewage. These include the world's largest
hydropower plant, Three Gorges (P. R. China), nuclear power plants OKG
(Sweden), PBMR (South Africa) and Qinshan (P. R. China), grid
operators such as Svenska Kraftnat (Sweden), Statnett (Norway) and
TenneT (The Netherlands) as well as distributors such as Vattenfall
(Sweden), Fortum (Sweden), and Hafslund Energi (Norway). Reliable and
safe Asset management and workforce management are critical processes
in the energy and utility industry, to which IFS has provided
solutions for more than 20 years.
IFS (OMX STO: IFS), the global enterprise applications company,
provides ERP solutions which enable organizations to respond quickly
to market changes. The solutions allow resources to be used in a more
agile way to achieve better business performance and competitive
Founded in 1983, IFS has 2,600 employees worldwide. With IFS
Applications(TM), now in its seventh generation, IFS has pioneered
component-based ERP software. The component architecture provides
solutions that are easier to implement, run and upgrade. IFS
Applications is available in 54 countries in 22 languages.
IFS has over 600,000 users across seven key vertical sectors:
aerospace & defense; automotive; manufacturing; process industries;
construction, contracting & service management; retail & wholesale
distribution and utilities & telecom. IFS Applications provide
extended ERP functionality, including CRM, SCM, PLM, CPM, enterprise
asset management, and MRO 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.