Asset management has always been an important tool for helping organizations meet revenue, production, and profitability targets. In this digital world, it has become essential. In a recent IDC Future Enterprise and Resiliency Survey, wave 2, March 2023, 49% of organizations said they are still digitally transforming, and 51% said they are now running a
Maintaining strong relationships with our customers is at the heart of everything we do at IFS, and the IFS Champions program was born out of this mindset. Mike Pfarrer, VP of IT at Scope Services, was nominated by his peers and chosen to be an IFS Champion for the great work he is doing, and
We’re excited to share the first twice-yearly update of IFS Cloud. As always, we’re constantly looking for ways to improve our products, and our teams have been hard at work collaborating with our customers and listening to the market to make improvements that will deliver the business value you need. In this blog post, we’ll share a few highlights that will help
Over the past decade, we’ve seen the London Cable Car running regular trips across the Thames from the Royal Docks near Canning Town in the North to the Greenwich Peninsula in the South. It is now firmly established as a familiar part of the London skyline. The attraction, run by Transport for London (TfL), is
The energy, utilities, and resources industry is a complex and rapidly evolving industry that requires specialized solutions. The good news is that IFS can help your organization stay ahead of the curve by offering a comprehensive, flexible, and industry-specific solution tailored to your needs. Here are the five reasons you should be considering IFS Cloud for your organization: A comprehensive, flexible,
According to a recent, global IFS study, 67% of manufacturing organisations find it difficult to fill positions with 40% citing the scarcity of skilled and qualified talent as the most common challenge. These figures reflect the latest state of the chronic talent scarcity problem that manufacturers have been suffering for a while now which can also be seen in the Talent Scarcity Infographic. However, this time around,
Contracting with the U.S. Department of Defense (DoD) can represent a significant revenue opportunity for A&D manufacturers, but this doesn’t come without its fair share of regulatory hurdles. In fact, polling research shows regulatory pressures from import/export and security regulations and difficulties in electronic contract reporting and supplier classification are top of mind for A&D
Firms in the construction and engineering industry deliver complex, high-value projects for exceedingly small profit margins. This creates major business risks, meaning that effective project financial control is essential if you are to keep your business on track. And with the global construction market predicted to grow by US $4.5 trillion to reach US $15.2
One of the biggest challenges faced by the industry is improving business and project margins. But what steps can be taken to address this issue? When it comes to project management, you’re left with two choices: either increase the payment from your clients or cut down on project expenses. The option to increase the revenue value
No industry is immune from the famous ‘digital transformation’ buzzword, following a period of such intense social and business change. However, there are some who are perhaps feeling the pressures of accelerated change more than others. Those that have always relied on the power of technology, yet now find themselves in an investment cycle to update their
