First of four release announcements deliver IFS’s vision to lead as the default Composable Enterprise Application Vendor
Miami, Florida, UNITED STATES, October 11, 2022 – IFS, the global cloud enterprise
software company, today announced the general availability of the October release of IFS
Cloud. The release is focused on enabling organizations with intelligent insight and
accelerating automation efforts. Central to the October release are enhancements that will
support end-to-end process automation and advanced analytics capabilities that will impact
the organization across functions. The release includes over 340 new features and
advancements that will accelerate our customer’s journey to digitalization.
Automation highlights
The heightened automation in this release will continue to help organizations transform
operations, work efficiently, and liberate staff. IFS Cloud will help to rescue the time, effort,
and resource burden while increasing the quality of work and experience across industries.
The new automation features include:
New cash planning analysis model enabling customers to improve cash
management, reduce risk, and better plan for unforeseen scenarios for projects and
companies.
Streamlined Manufacturing Execution System (MES) to improve production quality
control and performance, helping to drive fast decision-making and identify patterns.
Simplified expense submission and reporting process, for Human Capital
Management (HMC), improving the quality and accuracy of receipt types.
Enhanced request management for ordering, delivery, and pick-up of non-stocked
consumables to reduce costs.
Improved accuracy for work estimates and technical productivity through AI and
historical data-driven work schedules and job completion times.
Save time through Independent Maintenance, Repair and Overhaul (MROs)
businesses to quickly and easily bulk upload hundreds of maintenance requirements.
Drive increased accuracy and reduce error for mobile workers to take lidar-based
measurements on mobile devices easily.
With regards to Advance Analytics, the October release of IFS Cloud, will build on the new
architecture, new user experience as well as automated management and deployment made
available in the spring release to further improve experience and capabilities.
The enhanced capabilities will allow customers to gain a faster understanding of key
challenges across the business, transform operations, work more efficiently, and increase
productivity. It also provides simpler, more intelligent analytics for faster time-to-insight and
improved predictive capabilities to support planning and reduce downtime for example.
Current Capabilities in IFS Cloud include:
In-memory analytics engine replacing the old Cubes version and significantly
increasing performance.
In-memory capability that facilitates more granular data for better drill down
Automation of the setup and deployment process that reduces the technical skills
needed by businesses and the number of people needed on projects
Third-party plug-ins that add capabilities like process mining, forecasting etc.
Embed functional analytics models into the business, including CRM, human capital
management, enterprise asset management, projects, procurement, sales, finance,
and maintenance
The October release additionally supports a range of Business Intelligence (BI) capabilities,
which will drive faster, more accurate decision-making processes.
Christian Pedersen, Chief Product Officer, IFS, said: “With each successive evolution of
IFS Cloud, we are continuously looking to develop the solution to ensure it is fully aligned to
how customers buy and use technology. Today our customers are telling us they are looking
to accelerate automation and attain intelligent insights faster. Pedersen continued,
“Customers want to drive productivity and operational efficiencies, and through this latest
release, that is exactly what we have delivered to them.”
For more information about the October 2022 release of IFS Cloud, please visit:
https://www.ifs.com/assets/cloud/what-is-new-in-ifs-cloud-22r2
IFS Chief Product Officer Christian Pedersen
