Engineering Professional Services

IFS Applications for Engineering and Professional Services (EPS) supports regular consulting services’ processes, but offers also better support to handle larger projects and more complex deliverables. Companies using Engineering and Professional Services solutions gain revenue from selling their employees time and competencies, but also more often adding other services like rental, maintenance and subcontracting. These companies are project oriented, with the customer in focus, and have a broadly defined service offering.

To ensure high profitability these companies must focus on project change control, risk handling, resource optimization, and flexible contract pricing in order to stay competitive. Invoicing routines must adapt, and be fast and simple for the clients, but also better project tools are critical.

With IFS Applications you have a flexible solution that can be appropriately adapted and configured to meet the demands of your contracts/projects.

Engineering Professional Services Solution Map

Key Functional Benefits

IFS Applications for Engineering and Professional Services supports small and large delivery projects. It keeps people throughout your organization fully informed by making the relevant information available in real time. The solution’s inherent transparency and total integration enable you to deal effectively with the day-to-day running of business and to handle risk with a new degree of confidence.

IFS Applications for Engineering and Professional Services includes the following key benefits:

• Scalability to handle all type of projects, small and large, within the same solution.
• A complete CRM, Contract, Project, Finance, Human Resource, Sub-Contract, Procurement, Document and Service system in one solution, providing full control and management of all the critical business processes from Project Bidding to Invoicing.
• Easily configurable Lobby for internal and external project resources.
• Integrated contract and project management gives the project manager maximum control and monitoring capabilities on revenues, cost, progress and alerts.
• Strong support for Risk Management.
• Flexible tools for resource planning and allocation according to competence.
• The dynamic and flexible accounting model ensures correct and balanced project transaction flow, hereby easily supporting needs for specific reports, traceability and analysis.
• Global Finance solution with a high level of automation of intercompany transactions and invoicing also for project transactions.
• One version of the financial truth in project and finance and support for group consolidation with drill down.
• Strong support for subcontract management.
• Integrated document management throughout the entire value chain.
• Open architecture for easy data exchange (i.e. Timesheets) with client systems and subcontractors.
• Easy reporting tools and BI capabilities.
• Pre-defined business models and best practice