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ERP: Why the World Player in Renewable Energy Decided to Bet on IFS Cloud

SUSTAINABILITY & AI: RES - a NICE FEATHER IN THE CAP FOR IFS. The energy area is one of the industrial focus segments of the business system developer, IFS. Related to this, the company has also launched a series of interesting initiatives in the AI, cloud and sustainability domains, linked to, among other things, the energy area. With this as a background, IFS has recently announced a nice feather in its cap on the customer side: RES, the world's largest independent renewable energy company, has chosen IFS Cloud to support its operations as it strives to adapt operational procedures and continued global growth.
RES has operations in 24 countries within wind, solar, energy storage, biomass, hydropower, green hydrogen, transmission and distribution. In this regard, the company is an innovator that has delivered renewable energy projects with more than 26 GW of power effect (GE=GigaWatt) all over the world. Future plans also include adding more than 22 GW of new capacity online over the next five years. 1 GW gigawatt is equal to one billion watts, which in the perspective that the light bulbs in our homes are usually between 60 and 100 watts, says something about the size of RES’ capacity.
Why did they choose IFS Cloud?
"Investing in this solution gives us enhanced control over all our business activities, which will help us drive operational efficiency. With IFS Cloud, we will have access to clear business information for decision-making and will be able to achieve faster decision times as a result," sums up Henrik Brandt, CFO, Chief Financial Officer, at RES, the matter.
It is also clear that with IFS Cloud solutions you can benefit from a new level of valuable AI functions and innovation relevant to the energy industry. Not least, these are valuable capabilities at a time when regulations in Europe and the US force companies to take measures to determine and manage their sustainability commitments. With IFS's new AI-powered functions, companies get the essential support they need to sharpen their operations and report their progress.
Commenting on the announced order from RES, IFS CEO Mark Moffat pointed to the strategic value of the asset and service-centric ERP software offered by IFS Cloud:
" RES is a bold, innovative renewable energy company that fully understands the strategic importance of asset and service centric ERP software and the potential of harnessing it to drive efficiencies across its business. We are confident that IFS Cloud will allow them to manage development and construction projects, deliver efficient asset operations, get visibility into project costs, and standardize processes across their entire business more effectively.”

In the press material around the deal, it is stated that RES as a service provider has competence and experience in asset management, operation and maintenance (O&M) and spare parts – which supports 41GW of renewable assets at 1,300 sites. ”RES brings to the market a range of purposeful, practical technology-based products and digital solutions designed to maximize investment and deployment of renewable energy,” it notes, among other things.

Regarding RES, it can be added that they have ambitious goals for a future for clean energy, where access to affordable energy without carbon dioxide is a basic point, which must also be reflected in how energy is generated, stored and delivered. The company has 4,500 employees.

With IFS as support, you must continue in this direction and with IFS Cloud support your business in its pursuit of target-adapting operational procedures and continued global growth.

Operational ERP competence in enterprise class
IFS Cloud’s combination of enterprise-class operational ERP competence, leading service management and asset management capabilities within the framework of a single integrated platform will be able to facilitate and enable RES to relevantly support its global processes.

PLM&ERP News has previously gone through the company’s Cloud platform, which has taken significant development steps in recent years, above all with the move into the cloud, with a series of interesting AI initiatives and systematic well-considered sustainability efforts. For an energy company of the nature of RES, there are a number of attractive values ​​with the platform.

Generally, IFS Cloud is an AI-powered platform, designed for flexibility and adaptability. It covers not only ERP needs but also Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM) and Field Service Management (FSM) needs.

The solution is updated twice a year, which is a reasonable pace to ensure that RES can organizationally assimilate and benefit from new functionality as soon as it is released, through a planned update cadence.

At the same time, the compositional nature of IFS Cloud is very valuable. The modular, quickly ”pluggable” nature of the solution enables RES to integrate new functions remarkably easily tions and innovative news. ”A composable architecture,” it is usually described as. Thus, a composable architecture, which provides optimal opportunities to put together combinations with exactly the varied functionalities needed in an organization, large or small. It is about replaceable functional components that can be switched on, or off, which is almost exactly what analysts such as Gartner and CIMdata are talking about when it comes to state-of-the-art platform concepts, Product Innovation Platforms.

Another valuable thing is that RES, certainly also all other cloud customer companies, can also use IFS Cloud to access a version of the truth from a single common data source, thereby gaining greater visibility into the business and making faster, more informed decisions.

Steps towards sustainability
In PLM&ERP News’ previous articles about the latest updated version of IFS Cloud and related to the AI ​​and sustainability pieces, the following has been highlighted, among other things:

Emissions tracking: improvements to follow the organization’s progress towards sustainability more accurately, through the smooth collection of emissions data. New selected categories for Scope 3 emissions have been added to provide a more complete picture of the sustainability situation. You can also enter data on kilowatt consumption from invoices from electricity companies.

Support for circular manufacturing: improvements in the planning of remanufacturing processes make it possible to lower production costs. In addition, these functions mean opportunities for new revenue streams and a lower carbon footprint.

AI like a turbo on pure business logic
For those who want to know more – don’t miss reading the article: IFS CONNECT 2024: ”AI is like a turbo on pure business logic”

In this article, we have taken a closer look at what IFS’ AI solutions look like? But also questions such as, how far have you come? What does the company’s ecosystem of consultants mean?
In the PLM&ERP News article, in addition to the Nordic base Ann-Kristin Sander (right above), you also meet two of the key people on the technology development side: Senior VP for R&D, Martin Gunnarsson (in the middle), and CTO, Chief Technology Officer, Dan Matthews (to the left). Both collaborate within a product development team involving around 1,800 employees around the world:
“AI is like a turbo on pure business logic. Used correctly, it can give as much as you want,” Gunnarsson claimed. How?

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