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Materials Management using IFS

ICON uses the IFS [Industrial and Financial Systems AB] suite of software to manage its commercial operations. IFS provides not only an efficient financial and accounting system, but also brings a very effective system for managing all facets of material procurement in support of Project Implementation.

Every step of the procurement process is managed in the digital environment, using the IFS platform.

This includes:

  • Material sourcing via the RFQ process

  • Placement of purchases orders

  • The monitoring and tracking of vendor progress against purchase order terms

  • The tracking and receipting of goods and services delivered

  • Through to the invoice authorisation and vendor payment processes.

The value to our Clients is the efficiency with which we can produce accurate and current commercial status reports for all of the projects which we manage.

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