Cost Savings And Business Benefits Enabled By IFS Solutions Deployed In The Cloud
This 2023 Forrester Consulting Total Economic Impact study commissioned by IFS examines the potential value enterprises may realize by transforming their digital operations with IFS in the cloud. This study seeks to provide readers with a framework to evaluate the potential financial impact of IFS cloud solutions on their organizations.
Forrester interviewed six IFS customers to understand the understand the business and sustainability benefits of migrating to IFS with cloud and hybrid-cloud configurations. Key results from the investment included reduced capital and operational expenditures, more uptime for end users, and faster time to value compared to the legacy environments.
Key benefits for a composite organization based on the interviewed customers include:
- Labor efficiencies of $18.5 million reallocated to growth drivers
- Twenty percent reduction in inventory carrying costs, lowering capex by $12.3 million
- Reporting and uptime efficiencies valued at over $4.3 million
- Savings of $1.5 million from decommissioning hardware and moving to an evergreen software approach