IFS (Industrial and Financial Systems) is a Swedish company that develops and delivers enterprise software for customers around the world that manufacture and distribute goods, build and maintain assets, and manage service-focused operations.
Today, IFS is a recognized leader and one of the most-recommended suppliers in the sector. Its team consists of more than 4,500 employees and is rapidly growing to support its expanding customer base of 10,000 people around the world. IFS is trusted by the likes of Carlsberg, Rolls Royce, and the U.S. Navy.
Over email, the company elaborated on its increasing success, which it credits to CEO Darren Roos. He took over the position in 2018. “That transformation has trickled down to all aspects of the business,” a representative said. It’s a necessary step forward for a company that says it is “growing at a rate three times faster than the market.”
While Roos is steering the ship, the company is also digitizing to keep up with the ever-evolving technological landscape. “We re-branded for a more modern look and feel, cemented our commitment to customers and launched a new product that is unique to the market,” the representative said.
Armed with its new customer-first perspective, IFS is excited about what it dubs “a major evolution” bound to reshape the future of its organization.
Part of this evolution is the launch of IFS Cloud, which the company introduced in March of this year. IFS Cloud delivers class-leading solutions across service management, enterprise resource planning, and enterprise asset management. This new product “rewrites how companies can deploy, adopt, and extend with low-code and no-code APIs” and has AI, IoT, and machine learning embedded natively into its programming.
In fact, IFS goes as far as promising that its new cloud product is "ahead of legacy players" thanks to its modular deployment capabilities delivered through “one common user experience, one data model, and one consistent support offering.”
This is a big change for a company that’s been around since 1983, though they appear to be invigorated by the transformation. This feeling has trickled down into the company culture itself. IFS is committed to creating a diverse workforce with a low-pressure approach—an uncommon yet welcome sentiment from a company that moves at lightning speed.
“We work better together because of our differences, not despite them, and we believe that by actively engaging different perspectives, we can challenge our thinking as well as enrich our own culture.”
And IFS is putting its money where its mouth is with a slew of different initiatives. The company has committed to supporting women in the workplace, most recently appointing Jacqueline de Rojas and Hanna Jacobsson to its board of directors. It also introduced the Challenger Women scheme to promote the hiring of women in leadership roles. “We are proud to say 35% of our staff are female, which is 10% above the industry average,” the representative stated.
This year, the company has also laser-focused on sustainability, launching its latest initiative in April 2021. Its sustainability scheme includes reducing its carbon footprint, educating employees, and partnering with universities around the world. IFS appointed Lewis Pugh, the UN Patron of the Oceans, as its Sustainability Ambassador. “[We] recognize the importance of sustainability and the collective role we play in saving the planet.”