December 09, 2016 7:16 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
Managing Director of Middle East Africa & South Asia
Age: 62
Senior Vice President of Research and Development
Compensation as of Fiscal Year 2016.

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

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.

IFS Launches New and Enhanced Version of IFS Mobile Workforce Management

IFS announced at the IFS World Conference 2016 the launch of IFS Mobile Workforce Management version 5.8. Among the enhancements in the new version are: Automatic shift generation-The new version supports automatic shift planning and rostering for individuals or groups based on constraints such as number of work hours, number of work days, and permissible shift patterns. With only one click, the solution then automatically plans shifts that are optimized for the company’s requirements and constraints. Self-learning scheduling-Leverages an extended data archive to allow for more educated and informed scheduling decisions based on historical data. The solution automatically learns to produce more accurate work schedules by analyzing a broad range of data including average job duration by activity type, customer and contract. New cloud deployment options-Features such as capacity planning and target-based scheduling can now run in scalable, multi-tenant Microsoft Azure environments to support occasional users and ensure maximum system availability for the solution’s Dynamic Scheduling Engine (DSE). Big data optimization-The new version offers even better support for large datasets, including support for aggregation and de-aggregation of planning data, extended options for filtering tasks and time-slicing as well as intelligent support for allocating processor time. Enhanced visual insights-A new cockpit view empowers users with customizable key performance indicators for quick and easy data access, driving efficiency and a positive user experience.

Nasdaq Stockholm Approves IFS's Application For Delisting

Industrial and Financial Systems, IFS AB (publ.) (IFS) announced that the Company had decided to apply for the delisting of IFS's A- and B-shares from Nasdaq Stockholm. The application has now been approved. The last day of trading in IFS A- and B-shares will be October 7, 2016.

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