Discover your business strategy in the latest IFS blog posts here.
Project commercial finance connects customers and contractors with operations, accounts and risk management. With construction and infrastructure margins so low, and schedule overruns so typical across the industry, well managed commercial finance can determine project profit or loss. A project-based integrated ERP that is built on the four pillars of commercial finance helps to retain…
Finance and human capital management (HCM) are the foundations of global business operations, and they are being affected by regular and unpredictable changes to business models, customer expectations, market risks, regulation and new technologies. The obvious tremors, of course, are Brexit in the UK and the global rise of economic and social populism, causing increased protectionism, is unpredictably driving landed cost of parts and components and hammering sales…
In part one of this blog, I explored the recent ECJ ruling re-enforcing the recording of hours worked and breaks taken by EU workers. This second part explores how technology plays its part in preventing a return to clocking and takes one step toward automated time recording. How can companies prepare for this ruling? This…
The old-fashioned chore of clocking in and out is the last thing you think about in a modern digitized business environment. Yet the recent ruling by the European Court of Justice (ECJ), enforcing the recording of hours worked and breaks taken by each employee each day has reawakened such thoughts. Federacion de Servicios de Comisiones…
Project financial control involves more than summing historic values, it needs the controller to map the consequences of potential events and adjust the sliders to influence the outcomes. Like a DJ dropping the next track, the controller should drive the cadence and be ahead of the crowd. Here are 3 tips for getting into that…
As we enter an era of hyper connectivity, trillion-dollar corporations and artificial intelligence, industries and companies must adapt to accommodate this new environment badged globalization 4.0 by the World Economic Forum (WEF). As these themes are discussed in Geneva this week, we outline a simple model to take advantage of it. Globalization 4.0 and the…
A few weeks ago, Gartner released its 2019 Magic Quadrant for Field Service Management, and for the fourth consecutive time, IFS has been named a Leader. This is always an honor of course, though for us, it’s no surprise. At IFS, we understand service, and the complexity and flexibility required to deliver for our customers….
Systems fragmentation is the single biggest barrier to business transformation and innovation we see in the mining industry. Most companies have no single source of truth providing timely and reliable data about the business and no single platform to standardize processes consistently across the organization. Instead, fragmented software applications landscapes are common. Multiple enterprise resource…
Sustainable, balanced and ethical practices are driving new opportunities for corporate strategy to resonate with stakeholder demands as global culture shifts. ‘Strategic resonance’ is the final part of this three-part blog series outlining the cornerstones required for reinforcing business longevity. Stockholder v Stakeholder Theory In the sixties Milton Freidman introduced Stockholder Theory, arguing that corporations…
The King is dead, long live the King! With change and renewal being the only long-term constant, business positioning and product prediction become key to survival. ‘Strategic positioning’ is part two of a three-part blog series outlining the cornerstones required for reinforcing business longevity. Clairvoyancy or Cunning Your strategy requires provision to have the right…
