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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

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

  • Good vendor relationship: The vendor relationship is excellent. Users have enjoyed the user group meetings which address doubts related to the product.
  • User-friendly: The IFS ERP system is user-friendly and packed with multiple features for players across different industries. 
  • HR and Finance module: IFS is one of the few ERP software that provides HR and finance modules.
  • Live dashboard: The live dashboard allows users to see data on one page and can be customized easily. 
  • Open source: IFS is an open-source software which makes it extremely secure and safe

  • Cost: Although the cost has not been disclosed to the public, users have complained about the costs being on the higher side. 
  • Customization: Low customization options 
  • User interface: Users have mentioned that the user interface is hard to use and very often generates error messages that are not easy to understand.
  • Technical support: Technical support needs improvement 
  • Lack of information on the net: Users have had a hard time finding information about the software on the search engines
  • Search queries: Search queries take a very long time at times
  • Searching past data is not very easy

IFS ERP Integrations

Some of the most frequent business integrations include:

  • SAP
  • Oracle EBS


Free trial: IFS does not offer a free trial


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

Devices supported

  • Windows
  • Android
  • iOS – iPhone, iPad


  • 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

Free Trial
Supported Devices
Cloud Hosted
Cloud, SaaS, Web
Mobile – Android Native
Mobile – iOS Native
On Premise
Open API
Language Support
Pricing Model
Monthly payment
Annual Subscription
In Person
Live Online
Customer Types
Small Business
Large Corporations
Medium Business
24/7 (Live Rep)
Knowledge Base
Phone support
Chat support
Email Marketing
Landing Pages
Marketing Automation
Workflow builder
7.8 Total Score

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Karandeep V

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency. At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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