IFS is the undisputed market leader of providing business software to the energy industry working with more than 400 project or/and asset driven companies.
IFS software offers a comprehensive enterprise-wide business support for sales and contract management, engineering, project management, document management, asset and service management, supply chain subcontracting – including finance and human capital management for companies with onshore and offshore operations.
Within the Energy sector, IFS solution focuses on Assets Owners, Mobile Asset Owners and Project Based Service companies.
live onshore and across 6 rigs in only 6 months
Borr Drilling’s international fleet is made up of 36 rigs
users of IFS across Borr Drilling
Endeavor Energy Resources, L.P. (“Endeavor”) is one of the top 10 oil and gas producers in Texas’s Permian Basin
IFS supports projects and operations across 6 FPSO/FSO vessels
an IFS customer since 2015
IFS deployed to on- and offshore staff across 6 countries around the world
employees
an IFS customer since 2009
Upgraded IFS
Users
countries
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 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.
Energy companies that own and operate complex mobile assets require enterprise asset management (EAM) and enterprise resource planning (ERP) software designed specifically for the offshore environment. Floating production storage and offloading (FPSO) vessel owners, drilling contractors and other complex vessels owners with global fleet can increase profitability, improve efficiency, reduce business risk by implementing software that unites their onshore and offshore operations and provides management with a single version of the truth.
IFS Cloud for Mobile Assets owners
Project-based services companies that provides as services related to installation, modernization, periodic overhaul, moving, and decommissioning that are project-oriented and, in most cases, utilize both labor, materials and equipment. Examples include installing a turbine for an energy customer, installation, maintenance, and repairs of submarine communications cable or implementing a control system into a new asset. Tasks are interdependent and often require multiple skill sets (for example, mechanical skills to install the physical equipment and electrical skills to commission). A project is considered successful if the company delivers the project on time, on scope, and on budget.
IFS Cloud will help these companies to:
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 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.
Energy companies that own and operate complex mobile assets require enterprise asset management (EAM) and enterprise resource planning (ERP) software designed specifically for the offshore environment. Floating production storage and offloading (FPSO) vessel owners, drilling contractors and other complex vessels owners with global fleet can increase profitability, improve efficiency, reduce business risk by implementing software that unites their onshore and offshore operations and provides management with a single version of the truth.
IFS Cloud for Mobile Assets owners
Project-based services companies that provides as services related to installation, modernization, periodic overhaul, moving, and decommissioning that are project-oriented and, in most cases, utilize both labor, materials and equipment. Examples include installing a turbine for an energy customer, installation, maintenance, and repairs of submarine communications cable or implementing a control system into a new asset. Tasks are interdependent and often require multiple skill sets (for example, mechanical skills to install the physical equipment and electrical skills to commission). A project is considered successful if the company delivers the project on time, on scope, and on budget.
IFS Cloud will help these companies to:
IFS has been recognized as a top-rated vendor and distinguished by our customers as a Gartner Peer Insights Customers Choice' for Enterprise Asset Management Software through the Gartner Peer Insights platform.
The Gartner Peer Insights Customers’ Choice badge is a trademark and service mark of Gartner, Inc., and/or its affiliates, and is used herein with permission. All rights reserved. Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.
As the energy industry continues to transform and move forwards, having an industry focused enterprise software solution that is configured to help your existing business operate more efficiently—and not constrain your evolution—is more crucial than ever. Download this Executive Summary to learn how IFS has been helping the asset owners in Energy sector to digitalize and improve business efficiency.
Energy companies that own and operate complex mobile assets require enterprise asset management (EAM) and enterprise resource planning (ERP) software designed specifically for the offshore environment. Find out how IFS Cloud for mobile asset owners can improve efficiency and increase profitability.
The CFO Perspective: how global mobile asset owners in the Oil and Gas industry can improve efficiency both onshore and offshore
Customer StoryIFS Applications has given BW Offshore the right tools to enable 1275 users in locations across the globe to manage the company’s complex project-oriented operations to the highest professional and quality standards and in a cost-efficient manner.
Customer StoryIFS Sustainability Initiative At IFS we believe in investing in sustainability and the value it can drive to your business. Through investments in technology and connected data, more businesses can better build, manage and measure their sustainability initiatives.
Customer Story