New IFS Cloud Update May 2023: Enhanced Corporate Resilience

The new functionalities of ERP, EAM, FSM, MRO, and Service Management include sector-specific enhancements to accelerate the digitalization of end-to-end business operations.

IFS, the global enterprise cloud software company, has announced the general availability of the first of its two annual IFS Cloud updates. In a constantly evolving world, this update will help customers improve business agility, increase resilience, and mitigate risks.

Each IFS Cloud release reinforces IFS’s commitment to providing capabilities for an intelligent and autonomous enterprise. IFS Cloud optimizes people, assets, and services to deliver value and enable transformation, with a focus on automation, artificial intelligence (AI), and machine learning (ML).

Organizations across all industries are investing in digitalization to enhance productivity, agility, and operational excellence, aiming to mitigate the impacts of rising prices, supply chain disruptions, climate change, and environmental restrictions.

Customers can leverage IFS’s strategy to use automation and business insights to better identify operational challenges, operate more effectively, and boost productivity.

These ongoing investments result in significant improvements across each of the company’s key sectors. The latest version of IFS Cloud provides tools designed to help businesses:

optimize personnel, assets, and services;

connect global operations;

achieve profitable ESG goals.

With the latest version of IFS Cloud, organizations can ensure faster time-to-value and respond effectively to changes, while also ensuring long-term sustainability.

Personnel, Assets, and Service Optimization

IFS Cloud drives business growth by optimizing operations related to people, assets, and services through the use of artificial intelligence, machine learning, and automation. Among the enhancements introduced are improved data quality, automation, and compliance.

In particular, with the new update, you can:

Optimize operations: Based on the new scenario planning functions of Manufacturing Scheduling & Optimization (MSO), part of Enterprise Resource Planning, you can improve production planning and capacity utilization.

Align asset maintenance with daily operations: With the “What-if-scenarios” (WISE), part of Aviation Maintenance, you can support business decisions and anticipate maintenance needs.

Encourage user engagement and collaboration: Thanks to bookmark navigation, you can personalize and increase employee productivity with the IFS Cloud User Experience.

Enhancing Efficiency with IFS Cloud Connectivity

By unifying separate activities and providing comprehensive management capabilities, IFS Cloud streamlines operations, improves customer service, eliminates downtime, and ensures compliance. In particular, you can:

Improve Operational Efficiency: This is achieved by optimizing assets across locations and reducing the administrative burden on logistics teams and maintenance planners (Enterprise Asset Management and Enterprise Resource Planning).

Reduce Process Complexity: Allowing technicians to freely manage scheduling exceptions and match skill levels to service requests enables faster and more accurate service delivery through Service Management.

Increase Productivity and Performance: With enhancements to the data migration manager, faster implementation is possible. Ready-to-use dashboards on the IFS Cloud Platform ensure system availability and efficiency.

Platform ensure system availability and efficiency.

IFS Cloud: Profitable Solutions for ESG Goals

IFS Cloud is cutting-edge technology for managing ESG goals. The latest update enhances the ability to assess Scope 1 and Scope 2 emissions, enabling more profitable achievement of targets.

In an ESG perspective, IFS Cloud allows organizations to:

Effectively Measure ESG Performance Data and Reporting: Through ERP solutions, you can adopt sustainable and circular production processes by measuring the ecological footprint and supporting regulatory reporting.

Increase Asset Resilience: With EAM functionalities, you can quickly gain insights into the health of critical assets, enabling data-driven investment decisions.

Reduce Carbon Footprint and Travel Time: Through Service Management, you can utilize advanced remote assistance to minimize downtime and avoid on-site visits.

Christian Pedersen’s Comments

Christian Pedersen, Chief Product Officer, IFS, said: “Since launching IFS Cloud, we have continuously improved our product in response to customer’s needs. Through each release, we have emphasized the importance of digital capabilities and connectivity in boosting productivity, business agility, and achieving operational excellence. It is that focus and consistency that allows our customers to deliver exceptional Moments of Service™.” 

He continued, “Over the last few years many organizations have battled disruption; in this latest release to IFS Cloud, we have not deviated from our strategic priorities and ensured that our technology equips companies to build a composable enterprise. Our expertise lies in empowering organizations with the latest technology because we are clear on the ongoing value it delivers when embedded into their business.” 

To find out more about the latest IFS Cloud release, visit: https://www.ifs.com/assets/cloud/whats-new-in-ifs-cloud-23r1.