New Product Estimation Solution from IFS Enables Users of IFS Applications to Calculate Bid Prices Quickly and Accurately

IFS Product Estimate Management offers with new capabilities in IFS Applications™ to manage complex price estimations when submitting quotations

IFS (STO:IFSA) (STO:IFSB), the global enterprise applications company, announces a new capability in IFS Applications™ 9 that enhances the sales and bid process by quickly and accurately calculating bid prices. IFS Product Estimate Management was presented at IFS World Conference 2016 in Gothenburg, Sweden.

The IFS Product Estimate Management solution supports manufacturing companies to establish the best possible bid price of a product when responding to sales quotation requests.

Advanced cost and build-up functionality enables users to determine whether a product can be manufactured or marketed with a profit. The solution also supports estimate-specific currency and inflation rates as well as verification of quotes submitted by suppliers. In addition, the estimator Lobby provides effective visual insight to keep track and prioritize between estimates and bids.

"We are excited to announce this new functionality, which gives the user a flexible solution for responding to RFQs as well as robust support for make versus buy decisions—thereby driving efficiency and profitability,” IFS product director Martin Gunnarsson said. "In an increasingly competitive business world, there is no room for mistakes. This new tool enables people involved in the sales and bid process to effectively collaborate to estimate opportunities based on product structures while taking a vast number of variables into account.”

Learn more about IFS Applications here: www.ifsworld.com/corp/solutions/ifs-applications/.

About IFS

IFS™ is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). Founded in 1983, IFS brings customers in targeted sectors closer to their business, and helps them be more agile and prepare for what's next in their industry. IFS’s 2,800 employees support more than 1 million users worldwide from its network of local offices and through a growing ecosystem of partners. For more information visit: IFSworld.com.

Follow us on Twitter: @ifsworld

Visit the IFS Blogs on technology, innovation and creativity: http://blogs.ifsworld.com

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20161025005714/en/