June 26, 2017 7:09 AM ET


Company Overview of Industrial and Financial Systems, IFS AB (publ)

Company Overview

Industrial and Financial Systems, IFS AB (publ) supplies component-based enterprise applications developed using open standards and service-oriented architecture in Sweden and internationally. The company provides IFS Applications, an integrated application suite that handles service and asset management, enterprise resource planning, enterprise project management, and supply chain management to demanding and global businesses. Its IFS Applications include financials, human resources, quality management, document management, customer relationship management, business intelligence, sustainability management, and other functionality to facilitate full lifecycle management of products, assets, ...

Teknikringen 5

Linköping,  583 30


Founded in 1983

2,895 Employees


46 1 34 60 36 00


46 1 34 60 40 01

Key Executives for Industrial and Financial Systems, IFS AB (publ)

Chief Executive Officer and President
Age: 63
Chief Financial Officer
Age: 53
Chief Executive Officer of IFS North America and President of IFS North America
Age: 54
Group Senior Vice President of Business Development
Age: 50
Managing Director of Middle East Africa & South Asia
Age: 62
Compensation as of Fiscal Year 2016.

Industrial and Financial Systems, IFS AB (publ) Key Developments

Industrial And Financial Systems IFS AB To Be Deleted From Other OTC

Industrial And Financial Systems IFS AB's ordinary shares (Sweden) will be deleted from Other OTC, effective May 25, 2017. The deletion is due to inactive security.

DSI Joins IFS Partner Network to Leverage IFS Scheduling and Dispatching Capabilities

IFS (Industrial Financial Systems) and DSI announced that DSI will leverage the scheduling optimization components of IFS Mobile Workforce Management to add value to their line of mobile apps for supply chain and service management. DSI enables digital transformation through mobile-first, inventory apps that optimize end-to-end visibility and execution across the extended supply chain. With decades of experience in optimizing the supply chain, including with IFS software, DSI helps customers get more value from their service operations. IFS’s dynamic scheduling engine and route optimization capabilities will streamline the management of resources including technicians performing field service management. The dynamic scheduling engine uses advanced algorithms to automate dispatch and routing decisions. This enables managers to optimize schedules and the routes field technicians take by a number of criteria to increase profit, reduce cost and ensure service level agreement (SLA) compliance.

Middle East Propulsion Company Selects IFS Applications for Engine MRO, Support

IFS announced that Middle East Propulsion Company (MEPC) has selected IFS Applications to help manage key operations at its Riyadh facility such as MRO, finance, supply chain, document management, HR, and payroll. The IFS solution will allow MEPC to execute all aspects of its MRO operations, from hangar entry to exit with integrated support for finance and HR. End-to-end visibility will extend across personal areas of responsibility, ensuring focus is kept on what is strategically important. Business intelligence is built into IFS Applications, enabling operators to analyse key performance indicators, using predictive analytics to show the full impact of processes on overall MRO performance, as well as the effect a decision has on operations in real-time.

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