Stage 1

Total Project Control

IFS provides a world class financial accounting software suite that provides one source of truth including group consolidation, business planning and cash management. What makes IFS unique is that we also offer integrated project budgeting and forecasting as part of the solution. This means that the monthly project review process is fully integrated giving you one version of the truth. This allows projects to be in your control and gives an accurate up to date view of the project forecast cost, revenue and margin including risks and contract changes and variations. For house builders it can even manage down to plot or unit level.

Stage 2

Connected Supply Chain

IFS has a comprehensive subcontract management solution that was built for the construction industry. The solution helps organizations digitalize subcontract operations by creating subcontract work packages and managing the complete application for payment lifecycle including certification, retentions, contract change, invoice and payment management. We also have a traditional procurement solution for buying materials and other services. The integrated B2B portals allow the sub-contractors to submit their applications online using any device along with media images and documents freeing the staff from handling paper or Excel based submissions thus bringing efficiencies and simplifying commercial administration.

Stage 3

Offsite/Modular Construction

The accelerating trend towards offsite and modular construction methods means that you have to consider how your business processes are going to change and whether your existing business systems will allow your business to adapt. You may already have a manufacturing facility or may be planning to open one. Alternatively, you may not be planning to become a manufacturer but will have to change your construction model to be more centred on logistics, supply chain and assembly on site. Either way, IFS not only has an excellent traditional construction solution but is also one of the leading providers of design-to-order manufacturing solutions and can support a logistic and assembly on site model. The solution is being used by some of the leading offsite and modular manufacturing businesses in the world.

Stage 4

Asset, Plant & Equipment Management  

IFS Cloud has a solution for businesses or divisions that manage assets, plant, and equipment. At the heart of this, is the ability to manage the equipment database from an operational perspective (equipment IDs, Serials, Documents, Spare parts, etc.) and also from a fixed asset accounting perspective (costing and depreciation, etc.). The IFS Rental solution caters for different rental/hire related scenarios; Asset and equipment acquisition, hire in procurement, hire out sales including mobilization and demobilization, charging equipment to projects and maintenance jobs, cross-hire between companies/divisions. The internal asset pool can then be monitored and maintained using capabilities such as preventative maintenance schedules, fault reports and reactive maintenance with comprehensive job planning, scheduling, and mobile execution.

Stage 5

Operation & Maintenance

An increasing number of asset owners are seeking to outsource service and maintenance contracts for their assets over its whole lifecycle. However, with IFS Cloud’s best-of-breed functionality, contractors can take advantage of service and facilities management functionality. From managing works orders, parts and assets to contracts, warranty, invoicing and billing, IFS brings you a complete, connected field service management suite.