IFS Applications 8 for Vantaa Energy
IFS, a global enterprise applications company stated that Vantaa
Energy Ltd, one of Finland's largest urban energy companies, has chosen
IFS Applications 8 to streamline its business processes.
The contract includes licenses and services worth approximately EUR
In September 2011, Vantaa Energy began to look for a new business
solution to streamline and consolidate its business processes in one
enterprise applications suite.
The company's existing best-of-breed solutions were not able to fully
support key processes such as project management. After an extensive
public procurement process, Vantaa Energy selected IFS Applications.
"We chose IFS Applications because it met our need for comprehensive
business support in one packaged solution," Vantaa Energy, Chief
Financial Officer Maija Siikilä said. "IFS's proven track record in the
energy industry combined with the expertise of its consultants were also
deciding factors in our choice. By implementing IFS Applications as our
central business solution, we are well-equipped to achieve our business
"We are very pleased to get the opportunity to work with Vantaa
Energy," IFS Finland, Managing Director Tapani Pohjonen said. "IFS has
been delivering best-practice solutions to the energy and utilities
industry since 1983 and we are convinced that Vantaa Energy will be able
to benefit greatly from our experience.
We look forward to a long and productive collaboration."
The IFS solution purchased by Vantaa Energy includes support for
financials, logistics, project management, facility management and
maintenance. The first phase of the project is due to be completed in
Energy and utilities is one of IFS's prioritised market segments.
"Since it was founded, IFS has developed and delivered
best-practice-based, industry-specific solutions for the sector,
covering enterprise asset management, capital project management, and
asset life-cycle management," a spokesman for the company said.
"IFS solutions support all critical business enterprise processes
with an integrated applications suite for capital project management,
supply chain management, assets and work management, service and
contracts management, sustainability, financial management, human
resource management and document management. Cost-effective and
scalable, IFS Applications are used in large-scale, enterprise
deployments and as best-of-breed functionality," he said.
"World-class utilities functionality, an agile application
architecture, and a team of professionals have made IFS the choice of
utilities such as Three Gorges, National Hydroelectric Power
Corporation, Brookfield Renewable Power, Mälarenergi, Horizon Utilities,
Torresol, Barking Power, PKE, France Telecom, B Sky B, TenneT, and
nuclear power stations in Sweden (E.On OKG, Vattenfall Forsmark,
Ringhals), South Africa (PBMR), and China (Sanmen, Shandong and
Qinshan)," the spokesman said.