INDUSTRIAL & FINANCIAL SYSTEMS

Industrial & Financial Systems, IFS AB, develops and supplies IFS Applications, which is a complete Enterprise Resource Planning (ERP) system for business processes in medium-to-large-sized companies. It covers manufacturing, distribution, financials, maintenance management, resource management and engineering. The IFS business concept is to increase the freedom of action and competitiveness of companies by offering standardized business systems based on leading technologies. IFS Applic... ations is one of the first business systems in the market developed entirely using a component-based architecture, which means that it can be readily adapted to the needs of individual customers. The system is equipped to handle the Y2K compliance issues and the introduction of the Euro. IFS is the world's fastest-growing company in the ERP and maintenance software market. The company has more than 1,800 employees and its products are sold in 31 countries around the world. Some of the more than 1,000 major customers include Volvo, NEC, Akzo Nobel, Caterpillar, Saab, Nikon, Kimball, AlliedSignal, Ericsson, International Paper, Sundstrand Corporation and Rover.