CIMdata PLM Industry Summary Online Archive
22 April 2009
Implementation Investments
VA Tech Wabag Goes Live on IFS Applications
VA Tech Wabag India selected IFS Applications to streamline its business processes in October 2007. The company has now successfully gone live on IFS Applications components for distribution, financials, engineering, operational HR, sales & service, and maintenance in addition to a number of cross-functional components.
IFS Solutions India Pvt. Limited won the bid because it offered industry-specific enterprise applications from IFS that were easy to implement. The project-centric applications offered by IFS matched the requirements of VA Tech Wabag, which is an engineering, procurement and construction (EPC) company.
“IFS stood out as having the best functional fit for our business and has a solution that supports our project-oriented business, both today and in the future. Moreover, the IFS representatives have proven themselves to be skillful and competent when it comes to understanding our business, which is crucial to the long-term relationship we are now embarking on with IFS. The superior technology of the IFS solution, its ease of use, short implementation period and low total cost of ownership were the key reasons we selected IFS Applications,” said Mr. Varadarajan, CFO, VA Tech Wabag.
Dr Chandan Chowdhury, managing director of IFS India, said “IFS’ offering to the project-centric industry provides complete control of a business at a low cost of ownership. IFS has strong, component-based functionality, and its track record in project-centric industries makes it a leader in the EPC segment”.
VA Tech Wabag required a solution that would increase project management efficiency and to better manage time, budget, and costs. The company also needed to manage more efficiently project-related sub-contracts. Moreover, it needed to be able to consolidate various project details in international projects to enable head office to enhance planning. The ability to maintain project profitability and efficiently allocate resources were two other key requirements.
IFS Applications has given VA Tech Wabag easy access to critical business information throughout the enterprise and dedicated project-centric functionality that improves project overview, planning and control, and facilitates follow-up. It now has much better connections between project activities, settings & material, and enhanced cost control. Now, the profitability of a project is easier to monitor. The project-centric software from IFS gives VA Tech Wabag complete control if its project lifecycles.
About VA Tech Wabag
VA Tech Wabag is a global corporation, with market leadership in India and on its way to establishing a significant position in many overseas markets such as Asia, Europe, and Africa, both in engineering, procurement and construction ( EPC ) and in the service sector of the water business. Started in 1996, VA Tech Wabag is the fastest growing company in India in the field of environmental engineering. Within ten years, it has achieved a turnover of Rs. 3 billion and a backlog of Rs. 7 billion.
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