|By Business Wire||
|November 30, 2012 12:30 PM EST||
IFS™, the global enterprise applications company, has released a new module to help companies in the Aerospace & Defense (A&D) market manage the complex timing and legal needs associated with product export compliance. The extension manages compliance with ITAR, EAR and UK Export Controls.
As part of the IFS Applications suite of enterprise resource planning software, the Export Control extension is designed to give users peace of mind that their exports comply with trade regulations within their markets.
IFS Export Control is a complete customizable export control system which allows suppliers with multi-site operations in different geographies to create a fully integrated database of export products and regulations. By entering the parameters of the exporter's product developments, current licenses and the relevant trade regulations, exporters of military or dual-use items can have complete control over supply chain compliance according to their own needs.
Instead of the costly and time-consuming process of individually checking each order against current licenses and regulations, Export Control automatically flags up potential breaches of export regulations and a series of alerts warns exporters of non-compliance issues.
“For multinational exporters operating in several jurisdictions, the challenges of making certain that every order complies with every regulation can be immense,” commented Dave Holroyd, Managing Director, IFS Defense. “Our new solution has particular relevance in the A&D market, where a simple oversight in order processing can be extremely dangerous for a company's reputation. Export Control flags up potential breaches of export regulations, including the export of dual-use items, to ensure that users have the information they need to assess whether orders can go ahead.“
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: Service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. More information on IFS is available at www.IFSWORLD.com. Follow us on Twitter: @ifsnorthamerica or visit the IFS Blogs at http://blogs.ifsworld.com/.
About IFS Defence
Aerospace and Defense is one of IFS’s targeted market segments. IFS Applications™ provides market leading, off-the-shelf, component based solutions that support Performance Based Logistics (PBL), Fleet Operator programs and solutions for Defense Manufacturing, Maintenance Repair and Overhaul (MRO), Asset & Fleet Management, Supply Chain Management and Product Lifecycle Management.
Defense customers include Navy, Army and Air Force solutions into the US, British and Norwegian DOD/MoD and military as well as the Eurofighter consortium. Commercial Aviation MRO shops and service operators include Aero-Dienst GmbH, Alitalia Maintenance Systems, Dyncor, K&L Microwave, Hawker Pacific, Ensign Bickford and Todd Pacific Shipyards. In addition, IFS provides solutions to original equipment manufacturers (OEMs) and integrators such as General Dynamics, Lockheed Martin, BAE SYSTEMS, SAAB and GE Aircraft Engines. For more information, please visit www.ifsworld.com/ifsdefence/.
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