BRISBANE, Australia--(BUSINESS WIRE)--IFS (STO:IFSA) (STO:IFSB)
IFS (http://www.ifsworld.com/), the global enterprise applications company, today announced that TAE (http://media.ne.cision.com/l/uscefbmq/www.tae.com.au/), Australasia's number one provider of turbine engine maintenance, repair and overhaul services, is implementing IFS Applications™ 9 (http://media.ne.cision.com/l/uscefbmq/www.ifsworld.com/en/solutions/ifs-applications/ifs-applications-9/) to integrate the TAE group of companies under a single enterprise resource planning (ERP) solution after a management buy-out from Air New Zealand earlier this year.
TAE had previously purchased IFS Applications as an engineering management solution to comply with International Traffic in Arms Regulations (ITAR). It had a different ERP system at its Brisbane facility and another ERP system and financial package in Adelaide. Replacing them with IFS Applications will improve business visibility with real-time reporting to support growth and reduce costs.
After evaluating existing software suppliers and potential new solutions, TAE selected IFS Applications because it best met the company’s requirements in a single integrated solution. IFS’s proven implementation capability was also a major factor as TAE had only 12 months to replace the ERP system it shared with Air New Zealand.
“The functionality was key—IFS is in our market and knew what we needed at a maintenance level,” said Andrew Sanderson, CEO of TAE. “We spoke with other users—some of them are our customers—and IFS had the reliability and the credibility we were looking for. IFS also has a competency and proven performance in implementation that derisked the process in what is a very tight time frame to manage.”
Complete visibility across its operations will quickly benefit TAE with the IFS Lobby, a configurable and role-based dashboard environment facilitating real-time business reporting. “With IFS, we can see what is happening in each location, it is a much more robust management framework. There will be a few aha! moments—if we are doing something smart in Adelaide for example, why not do it here in Brisbane as well?” said Sanderson.
Supporting a single set of accounts, IFS Applications will lower TAE’s financial reporting costs. It will also reduce the effort and delays involved in manually combining information sources using Excel spreadsheets.
“IFS Applications will give us ready visibility of our supply chain, for example,” said Sanderson. “That will help our vendor management, putting us in a position to negotiate deals based on volume without having to glue together information from different systems.”
IFS Applications will also support TAE’s growth as it looks to develop its business in South East Asia and the U.S. with better customer communication and coordination of activities across different locations.
TAE will initially implement IFS Applications for financials, human resources, maintenance, manufacturing, supply chain, and sales & service. Later, it will deploy IFS project management capabilities within the integrated ERP solution. TAE also plans to use IFS Applications to underpin new mobile apps to streamline operations, potentially enabling customers to see and approve work orders, for example.
IFS Australia and New Zealand managing director Rob Stummer said, “TAE understands how having a single source of business information can contribute to its success. IFS is proud to be helping this innovative Australian engineering company to further improve its competitiveness and grow its export business with a modern and agile ERP solution.”
TAE is Australasia’s No. 1 provider of turbine engine MRO services. We also provide industry-leading services in aerospace engineering, advanced manufacturing, avionics, fuel and electrical component maintenance, aircraft wheels & brakes and materials sales.
IFS™ (http://www.ifsworld.com/en/) is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) founded in 1983 and currently has over 2,700 employees. IFS supports more than 2,400 customers worldwide from its network of local offices and through a growing ecosystem of partners. For more information visit: www.ifsworld.com (http://www.ifsworld.com/en/).
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