— Move Marks Latest Development in Decades-Long Business Relationship

SOLNA, Sweden, Jan. 23, 2015 /PRNewswire/ — International Business Systems (IBS), a leading global integrated ERP and supply chain technology provider, today announced that long-time customer, Algol Chemicals, has integrated the IBS Enterprise solution into all of its Northeast European subsidiaries.

The company, which has been an IBS customer since the early 1980s, chose the application software product for its scalability in meeting the changing needs of Algol’s dynamically expanding corporate footprint.

The multi-national, multi-business inventory solution will be used to help Algol monitor and control the movement of inventory across its diverse European supply chain service area.

"IBS Enterprise gives us enhanced visibility over our multiple subsidiaries, supporting our corporate mission to increase customer services levels and business revenue on the strength of a reliable, accurate inventory and supply chain system," said Arto Peterzens, Algol Group ICT Director.

Over the years, Algol has relied on IBS for functionalities such as currency management, to convert local currencies into Euros, and electronic data handling, to process high-volume business transactions accurately and consistently.

"Our partnership has lasted over decades due to the deep understanding we have gained by listening closely to Algol’s concerns and our willingness to support their growth strategies with responsive software solutions," said Douglas Braun, IBS Chief Executive Officer.

About Algol Chemicals

Algol Chemicals is the largest subsidiary of Finnish Algol Group and a major supplier of industrial chemicals, specialty chemicals and polymers for industrial production processes, including about 3,000 products from more than 100 suppliers. The company established operations in Helsinki, Finland, in 1894, and today serves as a reliable partner to suppliers and customers in the Scandinavian, Baltic and Russian markets, providing services for more than 3,000 industrial companies in 10 countries.

About IBS

International Business Systems (IBS) is a leading global integrated ERP and supply chain distribution software solution provider. For more than 35 years, the company has helped customers such as Geiger, ICS, Golden Eagle Distributing, Fidelitone, Totes Isotoner, WORLDPAC, and many more streamline, automate and accelerate their distribution network processes, and drive profitability and efficiency.

For more information, please visit www.ibs.net or contact:

Philip Anast
Tech Image (for IBS)
+1-312-673-6054
philip.anast@techimage.com

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