How To Get Control Of Projects And Improve Margins

The necessity to handle, disruption, complexity and unpredictability
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Selecting Software for Project Based Service Companies

Project-based services companies provide services related to installation, modernization, periodic overhaul, moving, & decommissioning 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. These tasks are interdependent and often require multiple skill sets.

A project is considered successful if the company delivers the project on time, on scope, and on budget.

With a dedicated solution for project-based service companies you can handle even the most complex projects, all while adding continuous value to increase efficiency and improve profitability.

Selecting Software for Project-Based Service Companies in the Energy Sector

In this IFS whitepaper, we discuss the key challenges that project-based service companies face and the six key ERP considerations that every project-based service company should consider when selecting new software to:

1. Set the accurate scope and price
2. Translate the scope into an executable solution
3. Achieve the schedule despite complex interdependencies
4. Get the right people, with the right skills, at the right time
5. Ensure the delivery team’s ability to monetize through execution


Complete Project Lifecycle Control

For engineering and construction businesses that deliver the full asset lifecycle, having complete project lifecycle control is a necessity not a nice to have. IFS Cloud for Construction enables best practice processes and supports the full asset lifecycle to ensure that projects are delivered on-time, on-budget and at a high quality.

Discover how having complete project lifecycle control can improve the efficiency and profitability of your operations by:

  • Increasing value and ROI by delivering on time, on budget and with high quality
  • Ensuring you only ever operate from one version of truth
  • Connecting procurement teams to a project to ensure accurate reporting
  • Improving the estimating and design process from project inception
  • Delivering accurate reporting throughout the project lifecycle

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IFS Solutions for Specialty Contractors

With specialty contractors facing immense pressure from the ongoing industry challenges of tighter margins, global skill shortages and low profit margins, many have needed to adapt their methods of working to increase productivity, improve project delivery and performance, so they are on time, every time. IFS delivers the tools you need to compete successfully.

The Future of Construction is Modern

Your specialty contracting business probably runs a financials package, supplemented by additional bolt on software systems, spreadsheets and project management tools. Just because the construction industry is chaotic and disconnected, doesn’t mean your business system architecture has to be also.

IFS solutions for construction contain core functionality that matters. With innovation embedded, gain total control and operate from one version of the truth.

Specialty Contractors need a futureproof ERP

Plan for the long-term. What you need from an ERP solution today, will be different to what you need from your ERP solution tomorrow. Read about 7 key capabilities your ERP system needs to successfully support your business—today and tomorrow.

Discover why Fugro selected IFS

Leading project-based service company and Geo-data specialist, Fugro, is fueling a transformation journey to unify its people, processes, and business data with a single enterprise resource planning (ERP) software solution from IFS.

Project-Based ERP: The Key to Unlocking Project Commercial Control

For many project-based service providers, having a detailed understanding of project commercials is crucial. However, most ERP systems do not connect front and back-end processes, so there is a lack of clear information.

In this summary we discuss the four pillars of commercial finance that can help retain control, and how project-based integrated ERP forms the heart of it.

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Download the whitepaper

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