- April 20, 2010
April 20, 2010 – IFS announced PBS 3.0 project-based solutions software, designed specifically to give organizations greater visibility and control of projects. PBS 3.0 incorporates all the benefits of a fully integrated ERP suite with specialized functionality for Project Control, Project Financial Control and Project Materials Management. PBS 3.0, which can also be integrated with third-party planning tools such as Primavera P6, dramatically improves customers’ ability to manage projects throughout their lifecycle and ensures vital project data is captured at the heart of core business systems. The enhanced Financial Control features within PBS 3.0 give users better revenue visibility across projects, the ability to predict future cost implications when changes occur to a project schedule and the means to keep tight control of actual vs. projected costs through real-time data on project progress. In addition, new Materials Management functionality allows users to manage bulk materials efficiently, ensuring the correct volumes are in stock at the right time, reducing unnecessary bottlenecks across project lines.