MRO Software suits aviation applications.

Press Release Summary:



Packaged for Payback integrates MRO activities with workforce management and corporate performance management, making it easier to track and reduce costs. It optimizes planning and forecasting, ensures regulatory compliance, and offers real-time, online collaboration with customers and suppliers. Software allows rapid implementation, with no disruption to business operations.



Original Press Release:



IFS Launches 'Packaged for Payback' Aviation MRO Software



FT. LAUDERDALE, Florida, Apr. 15, 2003 - IFS will show the latest version of its commercial aviation MRO software solution at the MRO 2003 Conference and Exhibition in Ft. Lauderdale, FL, April 15-17. IFS' comprehensive, component-based software solution is Packaged for Payback and currently being used by leading aviation companies such as GE Engine Services, General Dynamics, Bristow Helicopters, Evergreen International, and SAS.

"Commercial Aviation and Defense have always been among IFS' strongest vertical markets-in fact, enterprise asset management and service management were two of the first solutions developed when IFS was founded," said Terje Vangbo, President of IFS North America. "Many of our leading customers, who selected IFS because of our unique component-based applications, call our technology future-proof because it allows them to quickly and easily add new capabilities."

During MRO 2003, IFS will demonstrate how its 'Packaged for Payback' aviation MRO solution addresses MRO organizations' pressing needs to quickly improve operational efficiency and profitability by:
o Integrating MRO activities with workforce management and corporate performance management
o Making it easier to track and reduce costs
o Optimizing planning and forecasting
o Ensuring regulatory compliance
o Offering real-time, online collaboration with customers and suppliers
o Allowing rapid implementations, with no disruption to business operations

With a suite of 60+ applications based on web and portal technology, IFS offers a solution that fully integrates regulatory compliance, maintenance and business applications.

About IFS and IFS Applications
IFS develops and supplies component-based business applications for medium and large enterprises. IFS Applications, which is based on web and portal technology, offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, financials, engineering, maintenance and human resource administration. IFS provides customers step-by-step evolution to the extended enterprise with e-business solutions that offer partner, customer, and supplier collaboration.

A leading global business applications supplier, IFS has approximately 3,000 employees, with sales in 46 countries. The company is listed on the Stockholm Stock Exchange (XSSE: IFS).

For additional information, contact:
John Bridges, VP Marketing, IFS North America
Phone: +1 520 512-2000
Fax: +1 520 512-2001
E-mail: john.bridges@ifsna.com

Chris Jensen, President, Jensen Market Relations
Phone: +1 714 847-7846
Fax: +1 714 847-4856
E-mail: chris@jensenmarket.com

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