IFS Applications 7 wins 'Management Information Product of the Year' in UK awards

(28 November 2006, London)

IFS has reinforced its position as a key business systems supplier to the construction industry, winning the prestigious Construction Computing 'Hammer' Award for Management Information Product of the Year for IFS Applications 7. Voted by Construction Computing readers, the approach and benefits of IFS Applications were demonstrated in its implementation at Hertel, a leading provider of multi-discipline support services.

“With the IFS system, our staff have more timely and accurate information, find it easy to learn, as well as easier to find and analyse data. In addition, Hertel has been able to grow its business by over 25% without increasing the level of support staff since implementing IFS Applications,” said David Redpath, IT Manager, Hertel UK.

IFS Applications 7 adds to the integrated support for business processes which manage the complete construction lifecycle, including scope, tender, approval, award, procurement, payments, cost control, project delivery, handover and ongoing maintenance and facility management.

“IFS works closely with this industry and has designed IFS Applications 7 to support all key business processes and increase agility in project-centric businesses like construction companies.Users can see all of their information from right across the business, in a single system at any point in their project, as demonstrated with Hertel,” said Paul Massey, Managing Director, IFS UK.

“That the project has been a great success is borne out by Hertel increasing their business by over 25%,” said Alastair Sorbie, CEO of IFS. “I’m very pleased that this achievement and IFS’ investment in providing world-class tailored solutions for the construction industry has been recognised by this prestigious award.”

“The teams from Hertel and IFS worked very hard together to ensure this project hit its targets and we continue to co-operate as Hertel implements further areas of the IFS Applications suite,” added David Knox, Consulting Services Manager, IFS UK.

Other IFS customers in the UK construction sector include Babcock, Alan Dick, First Engineering, Biwater and most recently, NG Bailey.

About Hertel

The Hertel Group is a leading global provider of maintenance service support for industrial, commercial and manufacturing industries. The UK business is growing at around 10% per annum and with annual sales of £145 million, it accounts for nearly half of the group’s total business. Hertel (UK) Limited operates through a network of over 60 customer site offices and 11 regional centers. Activities range from project surveys and reports, to total solutions for rectification and ongoing monitoring. The extensive customer base includes nuclear decommissioning, petrochemical processing plants, public sector utilities and municipal authorities.

About IFS

IFS (OMX: IFS), the global enterprise applications company, provides solutions which enable organizations to respond quickly to market changes - allowing resources to be used in a more agile way to achieve better business performance and competitive advantage.

IFS was founded in 1983 and now has 2,600 employees worldwide. IFS has pioneered component-based ERP software with IFS Applications™, now in its seventh generation. IFS’ component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 20 languages.

The Construction and Service Management industry is one of IFS’ targeted vertical market segments. The company offers a complete and integrated business solution that manages the complete construction lifecycle, including scope, tender, approve, award, deliver, and handover. With IFS Applications, customers can support and improve business processes within their project and asset lifecycles, and can collaborate more closely with suppliers, subcontractors, operators and customers. IFS Applications supports planning and forecasting, improves efficiency and control in day-to-day operations, and integrates project, asset and facilities management with sales contract management, workforce management, and business intelligence. Existing IFS Customers in the Construction and Service Management industry include Hertel, Babcock International, Alan Dick, First Engineering, Mitsui Babcock, and Rotary Engineering.

For additional information, contact:

David Milsom
Phone: +44 (0)207 0670600
E-mail: dmilsom@golinharris.com

Drew Benvie, Lewis PR
Phone: +44 (0)207 802 2626
E-mail: drewb@lewispr.com

Rachel Hodgson, Lewis PR
Phone: +44 (0)207 802 2626
E-mail: rachelh@lewispr.com

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