Swedish software company, founded in Linköping in 1983. Known for ERP and maintenance solutions aimed at asset-heavy organisations, and widely used among Nordic energy and industrial companies.
Definition
IFS stands for Industrial and Financial Systems. The product was called IFS Applications for many years and is today called IFS Cloud.
The company has always aimed at organisations where the installations are the heavy part, not the warehouse: power, process industry, defence, oil and gas, aviation. That makes the maintenance side, usually called EAM, stronger than in many general ERPEnterprise Resource Planning - business system integrating finance, HR, logistics and operations. systems. Where a typical ERP knows a componentA replaceable part inside a fixed asset. It has its own age, its own history and its own service life - independent of the asset it sits in. as a line in the accounts, an EAM knows it as something that sits somewhere, has a condition and needs inspecting.
This is worth noting because it decides where the boundary between systems falls. A company that already runs IFS usually has its work orders, its history and its finances there. The question is not whether to replace it, but what belongs where.
We rarely arrive at an empty table. The component data already exists somewhere, and often in several places at once.
Companies using RUNA can share their components with a single checkbox, and those on other systems, IFS among them, can be connected through an integration. That is a deliberate stance: what LEIDAR needs is for the parts to be visible, not for everyone to run the same system.
We compete with IFS on some surfaces and read from them on others. Both can be true at once, and it is the same thinking behind Røkte: managing systems from vendors we otherwise meet as competitors.
In practice
We rarely arrive at an empty table. The componentA replaceable part inside a fixed asset. It has its own age, its own history and its own service life - independent of the asset it sits in. data already exists somewhere, and often in several places at once.
Companies using RUNATvimenning's component register for electrical installations - providing structure and traceability for the components installations are built from. can share their components with a single checkbox, and those on other systems, IFS among them, can be connected through an integration. That is a deliberate stance: what LEIDAR needs is for the parts to be visible, not for everyone to run the same system.
We compete with IFS on some surfaces and read from them on others. Both can be true at once, and it is the same thinking behind Røkte: managing systems from vendors we otherwise meet as competitors.
