IFS Receives Frost & Sullivan Global Customer Value Enhancement Award

ITASCA, Ill. -- IFS, the global enterprise applications company, has been awarded the prestigious Customer Value Enhancement Award in the Enterprise Asset Management (EAM) segment. The award recognizes IFS's tireless efforts in enhancing customer value and providing a standardized EAM solution with unique capabilities.

Frost & Sullivan, the global growth partnership company, cites IFS's customer-centric approach, holistic product offering, and component-based agility as key success drivers for IFS's accomplishments in the global EAM market.

Today's asset-intensive industries are becoming increasingly complex, driving the need for EAM solutions that can minimize asset downtime and production disruptions while securing supreme data quality. To this end, IFS offers a comprehensive EAM solution that covers the entire asset lifecycle, from design to decommissioning. Thanks to IFS's focus on user experience, the system is also equipped with a user-friendly and intuitive interface that is designed to promote correct data entry and user efficiency.

"IFS, through its EAM solutions, has completely transformed the way the end users operate. The company has clearly demonstrated its products' value by helping customers minimize asset life cycle costs while improving plant productivity, ultimately enhancing end user experience," said Vinay Pujari, Research Analyst at Frost & Sullivan.

"We are very pleased to receive this recognition since asset management solutions have been an essential part of IFS since the very beginning and an area where we have many important and globally renowned customers. The award offers additional proof that our blend of customer focus and product innovation continues to resonate well within this very important area," said Alastair Sorbie, IFS CEO.

IFS is a preferred vendor within the field of enterprise asset management, a claim that is evidenced by the company's global presence in asset-intensive industries such as industrial manufacturing, aerospace and defense, automotive, energy and utilities, service providers, and process industries including chemicals, pulp and paper, and food and beverage.