ITASCA, ILL. – IFS, the global enterprise applications company, has signed a contract to implement IFS Applications for enterprise resource planning (ERP) for Rhino Resource Partners LP (“Rhino”), a diversified energy company focused on coal, oil and gas, and related infrastructure.
Rhino produces coal in multiple basins in the United States, with mining locations located in Ohio, Utah, Kentucky, West Virginia and Colorado. Rhino’s oil and gas investments are located in the Utica Shale region of eastern Ohio and the Cana Woodford region of western Oklahoma and Rhino also operates a coal leasing business in eastern Kentucky.
Headquartered in Lexington, KY, Rhino must maintain visibility of operations and assets across multiple sites and legal entities across the United States. IFS Applications will replace a number of existing ERP and other software products.
“The strong asset and financial management functionality, strong multi-company capabilities and the agile, easily reconfigurable nature of IFS Applications made it the best fit for our rapidly diversifying business,” Rhino Resource Partners CFO Rick Boone said. “We not only focus on coal mining and leasing, but also support services for our mining operations, and increasingly for our new oil and gas-related operations. So we need an application suite that will grow and expand with us into the future.”
“Mining and oil and gas companies like Rhino Resource Partners need more than ERP, and more than enterprise asset management (EAM) software,” IFS North America Vice President for Energy and Asset Management Patrick Zirnhelt said. “They need comprehensive solutions that allow them to more intelligently and profitably manage asset lifecycles and operations across their diversified set of companies. We can give Rhino that type of broad and expansive functionality.”
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About Rhino Resource Partners LP
Rhino Resource Partners LP is a growth-oriented limited partnership. Rhino produces metallurgical and steam coal in a variety of basins throughout the United States, leases coal through its Elk Horn subsidiary, and owns oil and gas acreage in the Utica and Cana Woodford areas. More information on Rhino Resource Partners is available at www.rhinolp.com.
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, and IFS Metrix Service Management. IFS focuses on industries where any of these four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 60 countries with over 2,800 employees in total. For more information about IFS, please visit: www.ifsworld.com.
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