IFS ERP

Want to know everything about the IFS ERP system? Read our comprehensive IFS software review to get answers to all your questions about how this ERP solution is the right choice for your business.

What is IFS ERP?

IFS is a cloud-based ERP system that assists businesses to collate data and processes across different departments and locations. IFS includes functionalities for Enterprise Asset Management, Enterprise Project Management, and Service Management

IFS is a unique enterprise resource planning (ERP) software and extremely easy-to-use unlike some ERP suites available in the market. The IFS ERP system is specifically designed to help businesses adapt to new technologies and evolving market landscape. It provides users with end-to-end enterprise asset management. 

Some of the capabilities of the IFS ERP System include:

• Human resource management
• Financial management
• Project tracking
• Supply chain management
• Inventory management
• Document management
• Business Process Control

The ERP can be customized according to the requirements of different industries and provides the right solutions even in the most demanding settings. It is an extremely agile solution that can quickly adapt to your business needs. Customized modules are available to users which allows them to add new components as and when their requirements change. 

Vendor details

• Company: IFS AB
• Website: https://www.ifs.com/corp/
• Founded in 1983
• Country of origin: Sweden

IFS ERP Features

Every IFS solution has different components. Here, we have highlighted the main ones below:

• Financials

The Financials solution comes with multiple handy features which include accounts payable, invoicing, business planning, project finance, general ledger, fixed assets, and cash flow. The integrated ledgers allow users to audit and manage the entire account cycle. 

The visual and graphically appealing dashboards provide each user a role-based view of key data. 

• Engineering

The Engineering solution provides features such as engineering change management, commissioning, product data management configurations, and project deliverables. 

• Human Capital Management

Some of the key features included in the HCM solution include payroll, self-service, attendance and time, employee development, expense management, and health and safety. Users can create a global data vault for all users working in a company or group of companies. The HCM solution filters the most relevant information to ensure optimum decision-making. 

• Customer Relationship Management

The Customer Relationship Management solution enables users to boost customer satisfaction. The IFS customer relationship management allows users to:

1. Get a complete picture of the pipeline and connect with prospects
2. Save time and resources due to an embedded solution that integrates all the core business functions and data
3. Communicate on popular platforms with Microsoft Outlook integration

• Project Management

Project management is one of the most important features of the IFS ERP system. The software allows users to unite various steps within a project lifecycle and manage different phases of the project such as tendering, estimating, engineering, planning, cost control, and more. The ERP also adds real-time activity data directly into the project plan. 

• Manufacturing

The IFS ERP is an ideal solution for manufacturing environments wherein heavy traceability is required such as food & beverage, aviation, and defense. It provides users complete control of the entire production cycle across different manufacturing modes. 

The manufacturing feature allows users to:

1. Reduce production costs
2. Maximize material availability
3. Manage sustainability throughout the production process

• Supply chain management

The supply chain management feature is a critical component of the IFS ERP system which provides robust logistics solutions in challenging environments. The solution has the capability to manage multiple currencies, languages, and sites on a single platform. 

This feature allows users to:

1. Share an overview of business data
2. Optimize warehouse operations and space with an integrated warehouse management system
3. Improve customer service
4. Minimize administrative costs
5. Simplify order and returns management

IFS ERP Pricing

IFS has not disclosed its pricing details publicly. You can get in touch with them directly for a quote.

IFS ERP Pros and Cons

IFS ERP Integrations

Some of the most frequent business integrations include:

• SAP
• Oracle EBS

Specifications

Free trial: IFS does not offer a free trial

Deployment

• Web-based
• Cloud
• SaaS
• Installed – Windows
• Android

Devices supported

• Windows
• Android
• iOS – iPhone, iPad

Training

• In-person
• Webinars
• Technical remote courses

Typical customers

• Small-sized industries
• Medium-sized industries
• Large-sized industries

Pricing model

• Quote based

Languages supported

• English

IFS ERP Support

• 24/7 Customer support
• Online 

IFS ERP System Alternatives