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Fully Integrated ERP and EAM Solution
IFS is the undisputed market leader in enterprise software for the oil field service industry, having completed over 400 projects with asset-based oil and gas companies! IFS software provides seamless company-wide support for onshore/offshore oil and gas companies, including finance and human resources, sales and contract management, engineering, project management, document management, asset and service management, and supply chain management. IFS's embedded data replication capability allows you to carry out all offshore operations transparently and visibly, even without a connection.
In the energy industry, where any downtime directly impacts the bottom line, long-term management and maintenance of assets is critical. Any operator that performs service, upgrades or lifecycle extension on assets needs a business application that meets strict official requirements and demands.IFS offers asset owners an industry solution for more effective processes and—ultimately–reduced downtime.With IFS Cloud, it’s easy to manage your operation with integrating project management, material management/logistics, maintenance planning, work/service order management, resource allocation, finance, document management, business intelligence, as well as HSEQ.IFS Cloud will increase efficiency and reduce cost and secure asset uptime with powerful maintenance capabilities and built for purpose supply chain management.Increased collaboration with suppliers thanks to sub-contract management and web-based collaboration portals.IFS Cloud features advanced finance management and also supports Joint Venture Accounting by capturing expenditures and other relevant transactions from finance, project, supply chain and asset management against the joint venture entity, including cash calls, allocation and billing to partners based on their equity share and potential changes in those equity share.
