BW Offshore Adopts IFS Cloud for Enhanced Efficiency and Reduced Risk

In a significant strategic move, BW Offshore, a leader in floating production solutions for the offshore energy sector, has opted to implement IFS Cloud, the cutting-edge enterprise software designed to streamline operations and enhance efficiency. This partnership, which builds on a successful 15-year relationship with IFS, aims to improve various business processes, reduce risk, and optimize cost-control measures amidst the constantly evolving energy market.

IFS is well-known for its innovative technologies that integrate Industrial AI with enterprise cloud solutions, offering businesses the tools needed to unlock operational potential. This collaboration with BW Offshore is set to transform how the company manages project inventory valuation, maintenance, and financial processes by automating and refining workflows.

The decision to upgrade to IFS Cloud comes at a pivotal time for BW Offshore as it strives to boost its margins and uphold its sustainable growth objectives. As organizations in the energy sector continue to face fluctuating market conditions, having robust technological solutions is crucial. With enhanced automation embedded in IFS Cloud, BW Offshore will significantly improve its data quality and drastically reduce errors previously caused by manual processes.

One of the most notable advantages of adopting IFS Cloud is its ability to improve project inventory valuation and transparency. By gaining greater control over project costs, BW Offshore can now monitor financial workflows better and offer transparency for client reimbursable processes. Additionally, the automated processing of supplier invoices is expected to facilitate more efficient financial management across the board, thereby improving cash planning and resource allocation.

Furthermore, the enhanced analytics capabilities within IFS Cloud will empower BW Offshore employees with valuable insights, reducing the time it takes to report incidents and facilitating faster and more accurate decision-making. Automated maintenance support processes will now allow contractors to contribute updates on asset performance seamlessly, streamlining the request-for-quote (RFQ) workflows.

Fritz Ekløff, Head of IT at BW Offshore, expressed confidence in this upgrade: "Our company consistently adopts new technologies that present substantial business value. Our long-standing partnership with IFS made the decision to transition to IFS Cloud a straightforward one. We believe this technology will enable us to achieve significant increases in efficiency both onshore and offshore, ensuring we remain agile and competitive in a volatile global energy landscape."

In addition to utilizing the comprehensive capabilities of IFS Cloud, BW Offshore will also benefit from IFS Customer Success services, which provide specialized expert support before, during, and after the implementation process, ensuring a smooth transition and ongoing optimization.

Ann-Kristin Sander, Managing Director for IFS Nordics, remarked on the partnership's potential impact, stating, "BW Offshore recognizes how IFS Cloud will power its growth and retention of a competitive edge in a demanding industry. The upgrade will not only streamline integrations across the IT landscape but will also provide faster access to cutting-edge IFS.ai innovations. We are proud to support BW Offshore in achieving its ambitious goals."

About BW Offshore

BW Offshore excels in designing tailored floating production solutions for the ever-evolving offshore energy market. With a fleet of floating production, storage, and offloading (FPSO) units, the company is poised to expand further while relying on 40 years of operational excellence to guide its initiatives. Currently, BW Offshore employs around 1,200 professionals and is listed on the Oslo Stock Exchange.

About IFS

IFS stands at the forefront of Industrial AI and enterprise software, catering to businesses involved in manufacturing, servicing, and powering our world. IFS Cloud is a versatile platform engineered to adapt to specific customer requirements, encompassing functionalities such as ERP, EAM, SCM, ITSM, and FSM. Founded in 1983, IFS has grown into a global entity with a commitment to customer-centricity and agility, and remains the most recommended supplier in its sector. For more details, visit ifs.com.