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Packaged for Payback, IFS Applications 2002 software off to a fast start

Johannesburg, 18 Mar 2002

Prior to IFS`s official product launch at National Manufacturing Week in Chicago from 18 to 21 March, orders for IFS Applications 2002 business software have been received from more than 20 companies.

Packaged for Payback, IFS Applications 2002 offers companies efficient solutions to today`s most pressing business concerns: cost control and faster expansion into new business opportunities.

"We`re not surprised to be booking orders prior to our product launch. We developed this new release to meet the needs of today`s business environment. With IT decisions now including top management and boards, it`s important to provide solutions that cut costs, increase business opportunities quickly, and eliminate the hidden expense of implementing business applications," said IFS President and CEO Bengt Nilsson.

"We have refined our component architecture, which allows step-by step-implementations for rapid ROI, and we`ve added a number of new components and features, all geared to giving customers a rapid, positive impact on their bottom line," Nilsson added.

Packaged for Payback, IFS Applications 2002 contains:

-          Enhancements that cut costs, including supply chain planning capabilities which reduce order cycle times by as much as 50%

-          Solutions for expanding into new business opportunities, including new customer relationship management functions for increasing sales of aftermarket products and services.

-          Packaged XML interfaces and out-of-the-box support for SOAP, IBM MQ-series, and Microsoft BizTalk Server.

-          Numerous other features for achieving faster implementation and ROI, including advanced Web-based training capabilities.

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IFS and IFS Applications

IFS develops and supplies component-based business applications for medium and large enterprises. IFS Applications, which is based on Web and portal technology, offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, financials, engineering, maintenance and human resource administration. IFS provides customers step-by-step evolution to the extended enterprise with e-business solutions that offer partner, customer, and supplier collaboration. A leading global business applications supplier, IFS has more than 3 200 employees, with sales in 43 countries. The company is listed on the Stockholm Stock Exchange (XSSE:IFS).

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