IFS releases AI-driven product enhancements

IFS launched three product enhancements that drive new back-office efficiencies and new leasing capabilities to help streamline operations and processes for clean energy projects.

First is the IFS BOLO 15, the latest iteration of IFS BOLO, an oil and gas accounting solution.  IFS BOLO 15 creates streamlined workflows, a reduction in rework and simplified audits.

Second, IFS Energy & Resources customers can add new AP invoicing capabilities included with the BOLO 15 release to expand their IFS Excalibur, IFS Qbyte, IFS IDEAS, and IFS Enterprise Upstream investments. The AP invoicing module powered by IFS.ai provides reduced processing time, improved accuracy, optimized payment cycles and a self-service portal.

Third is IFS Energy & Resources’ new brine leasing capability, delivered through the combination of IFS iLandMan enriched with IFS Tobin data, which streamlines the leasing process and improves operational efficiency for Lithium projects.