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Ultimate Guide: What is IFS ERP Software?

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If you’ve been tasked with evaluating new Enterprise Resource Planning (ERP) software, you know it isn’t a project to take lightly. ERP, by definition, touches every aspect of your organization. From workers on the floor and in the field, to sales and support, all the way up to the highest executive levels, ERP software must accomplish a variety of goals for each of the departments within the enterprise. So selecting the right ERP vendor can be a real undertaking.

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When an ERP selection and implementation is done right, it can easily be the most transformative endeavor a business can take on. The right ERP solution can make multiple areas of your business run more smoothly and improve your organization’s efficiency, saving money and time. So it’s critical that the ERP software you choose helps to propel your organization forward, rather than causing bottlenecks to productivity. It’s important to dedicate time to make sure you get it right.

If you’ve never led the charge of exploring a new ERP solution before, be aware that researching and evaluating different ERP products takes time. Plan accordingly. Dedicate adequate hours to investigating, and be sure to know who your company’s stakeholders are: all of their needs must be considered. The best ERP for your organization is ultimately one that supports all parts of your business strategy effectively. 

If you’ve already begun your research for new ERP software, you are probably already aware there are dozens of ERP software vendors, each one saying similar things, and promising similar results. How can you truly differentiate between them unless you are an expert in this area?

Several vendors with massive marketing budgets have somehow become household names: SAP, Oracle, and Microsoft (to name a few) spend huge sums of money on campaigns to promote their brands via billboards, airport ads, golf tournaments, and conference sponsorships to name a few. But does being a household name necessarily translate into having the best ERP software? 

The big players get a lot of press, but that doesn’t mean they’re the best solution. The goal of this article is to help you familiarize yourself with a less familiar ERP vendor, one that already has a large global presence but isn’t quite as well-known yet in North America. 

The company’s name is IFS and their ERP product is called IFS Cloud. We think you’ll like what they’re doing: at Astra Canyon, we certainly do. 

The goal of this Buyer’s Guide is to educate you on whether IFS Cloud ERP could be the right fit for your industry, budget, and goals for the long-term success of your business.

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IFS Company Overview

IFS is a large privately held software company based out of Linköping, Sweden. They have over 4,000 employees and serve 10,000+ customers worldwide. IFS is a globally recognized leader in the world of enterprise asset management (EAM), enterprise resource planning (ERP) and enterprise service management (ESM)

IFS got its start in 1983 and launched a product called IFS Maintenance in 1985. IFS worked for years, developing a full suite of business applications and in 1996 it was listed on the Swedish stock exchange.

In 2015 the company returned to being privately held, and since then it has invested heavily in its technology and ecosystem of partners, completely retooling its ERP solution for the cloud and becoming a leader in the European market.

With IFS applications now on its 10 generation, IFS has worked hard to understand how industries operate by regularly participating in advisory councils that meet regularly with customers, always working towards continuous product improvement. IFS's primary objective is to provide solutions that are easy to implement, easy to use, and provide companies the flexibility to respond to market conditions and opportunities. 

Historically IFS is widely known to service mid-large size companies within the aerospace, industrial manufacturing, construction and process manufacturing industries such as food & beverage.  

While they possess a solid foothold in North America IFS is ever-evolving and heavily investing in their product offering and presence to become a household name like that of SAP or Oracle within the US.  

 

IFS Applications Overview

FS ERP Applications Overview IFS offers a comprehensive and integrated portfolio of enterprise resource planning (ERP) software that helps organizations manage mission-critical operations. IFS’s ERP applications are designed to support the specific needs of each industry, including manufacturing, automotive, aerospace and defense, engineering and construction, oil and gas, service management, retail, wholesale distribution, and public sector. IFS ERP Applications are built on a common technology platform that provides a user-friendly interface, real-time visibility into all aspects of the business, and the flexibility to adapt to changing market conditions. IFS’s ERP applications are available in both on-premise and cloud deployments. 

What’s distinctive about IFS is that it can be adapted to deal with unique challenges specific to certain types of businesses. For example, IFS has a really strong value proposition for complex manufacturing companies, especially ones that provide field services and have many assets to track and manage. We'll get into details further below, but keep in mind how robust IFS is when it comes to handling industry-specific needs. 

Traditionally, it’s technology companies and industry analysts who drive the categorization of software. They create labels like ERP, Enterprise Asset Management (EAM), and Field Service Management (FSM). But IFS believes that software categorization is ultimately just a distraction. With IFS Cloud ERP, all of the functional capabilities of ERP, EAM, and FSM are inherently built-in but individually deployable. You can add or extend modules to match your specific, changing business needs.

From procurement to payroll integration, remote assistance to reverse logistics, IFS Cloud encompasses the entire suite of capabilities and delivers it in a single product. Their software architecture addresses the entire modern business value chain. They seek to adopt and apply disruptive technologies like the Internet of Things (IoT), Artificial Intelligence (AI), mobility and augmented reality (AR). 

IFS Cloud ERP system is designed to help you work smarter, innovate faster, and achieve more. Let’s dive into what’s included. 

 

IFS ERP Demo

This 45-minute long, high-level overview of IFS Cloud ERP demo provides an overview of the IFS Cloud ERP 21R1 software application. The IFS ERP demo includes Master Schedule, MRP, Manufacturing Visual Planning and will cover topics such as Calendars, Work Centers, Lead Time calculations and more. After watching the IFS ERP Demo, you will have a better understanding of the capabilities of IFS Cloud ERP for manufacturing companies and how it can benefit your business. If you'd like a custom tailored IFS ERP demo for your business go here to schedule it today.

 

IFS ERP Modules

IFS Financial Management Module

IFS Financial Management Module is an innovative, comprehensive software solution that was designed to simplify all aspects of financial management. Whether you are looking to streamline budgeting processes, monitor cash flow, or analyze financial trends, IFS Financial Management has everything you need. Its intuitive interface makes it easy to navigate and use, and its advanced reporting tools allow you to quickly gain insights into your organization's financial health. 

IFS Finance supports the following features and more:

 

IFS Engineering Module

The IFS Engineering Module is an essential tool for engineers working in a variety of fields. This powerful module allows engineers to easily model and analyze complex systems, making it an invaluable asset for designing efficient and effective products. Whether you're working on a mechanical system, electrical circuit, or computer program, IFS has the tools you need to tackle even the most intricate design challenges. In addition to its powerful modeling capabilities, IFS also provides excellent data management features, allowing you to effectively store and organize all your project-related information and data. With IFS's advanced features and intuitive interface, there's no doubt that it's one of the best engineering software platforms on the market today. So if you're looking for a comprehensive tool that can help take your designs to the next level, look no further than IFS Engineering Module.

Includes the following features:

  • Design collaboration
  • Plant design and commissioning
  • Engineering change management
  • And more

IFS Manufacturing Module

IFS Manufacturing Module is designed to streamline and optimize manufacturing businesses. The IFS Manufacturing Module provides a complete solution for managing the entire manufacturing process, from product development and order management through production planning, execution, and delivery. IFS Manufacturing Module includes a wide range of features and functionality to support both discrete and process manufacturing environments. IFS Manufacturing Module is built on IFS's industry-leading enterprise resource planning (ERP) software platform and offers customers a flexible, highly configurable solution that can be easily customized to meet their specific business needs. IFS Manufacturing Module is available in both on-premise and cloud deployment models. IFS customers can choose the deployment option that best meets their business requirements. IFS Manufacturing Module provides a comprehensive, end-to-end solution that helps manufacturers increase productivity, quality, and customer satisfaction while reducing costs.

The IFS manufacturing solution includes the following features and more:

IFS Project Management Module

IFS's Project Management Module enables you to manage your projects effectively and efficiently. The module provides you with a clear overview of your project portfolio, and allows you to track and monitor project progress. It also enables you to allocate resources and track costs, ensuring that your projects are completed on time and within budget.

IFS's Project Management Module is an essential tool for any organization that wants to ensure the success of its projects. With its comprehensive range of features, the module can help you to deliver your projects on time, within budget, and to the highest standard. IFS's Project Management Module is the perfect solution for organizations that want to improve their project management processes.

IFS Projects includes the following features and more:

IFS Supply Chain Management Module

Supply Chain Management (SCM) is integrated as a module of the IFS Cloud. No matter where you’re located in the world, its purpose is to help you run smooth and profitable operations. It can handle multiple languages, currencies, and sites on a single platform. 

Optimize warehouse processes and space with a fully integrated Warehouse Management System. Plan for demand and forecast accurately while cutting admin costs. 

Manage orders and returns. The IFS Cloud multi-site integration gives you greater visibility and control of your products, capacity, and inventory. 

Includes the following features:

IFS Maintenance Module

IFS offers world-class optimization solutions and service management capabilities. Make sure your business can handle even the trickiest maintenance use cases. 

The IFS module helps you accelerate and manage your digital transformation goals. Take your business into the future with a ERP system capable of handling current and future ways of doing business. 

Includes the following features:

IFS Human Capital Management Module

Human Capital Management (HCM) is an integral part of your business (and the IFS Cloud). Develop your greatest resources-- your people-- through strategic sourcing and planning, talent development, time and expenses allocation, performance management, and core HR tasks.

IFS Cloud enables complex, time-based costing, with variables tailored to your requirements. The ERP system gives you the power to manage people’s activities in accordance with your corporate, legal and contractual rules.

What resources does your business need to succeed?  What skills do future employees need? Where will your people be deployed? How many do you require? Have you factored in attrition?

The ERP system helps to digitize your strategic goals. You get the data you need to move ahead in the people planning process.

Because the ERP system is integrated, budget teams can share the same data to get accurate headcount forecasting. You can plan for the future and develop your current workforce to maximize talent and keep your most valuable employees engaged.

Includes the following features and more:

IFS Sales and Service Module

Today’s business landscape is changing rapidly. To stay ahead of the competition, you need flexibility, control, and insight to meet your customers’ needs. Without the ability to make real-time sales and service decisions, companies fall behind. 

Built to meet the specific needs of your business and the markets you serve, IFS Cloud combines deep industry and functional strength with intelligence that can be put to work from day one.

Includes the following features and more:

Overwhelmed by all the info? We get it. This seems like a ton of functionality and it is. But keep in mind that not every company and user will need access to each and every IFS module and its associated functionality.

Astra Canyon’s purpose is to listen and advise. We’ll help you craft and propose an IFS solution to handle what makes your business unique. As we begin to grasp the challenges you face and understand your organization, we'll ensure that your users have proper access to all the features and functions necessary to run your business successfully on IFS Cloud ERP.

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What Industries Does IFS Support?

Who’s a good fit for IFS ERP?

Unlike other leading ERP solutions, IFS is a frontrunner in tailored solutions. They lead the way with industry-specific applications that are optimized to handle certain businesses right out of the box.

Sure, you can try customizing other ERP solutions to accommodate your specific business processes, but when you implement an ERP solution with deep capabilities baked right into the core offering, your business gets up and running faster. You enjoy the benefits of reduced implementation and optimization costs, driving lower TCO (cost of ownership).

In essence, you get more value, spend less money, and reduce complexity within your infrastructure. Now, that’s a benefit you can’t put a price on. 

As you consider various ERP systems you'll begin to see that many of the ERP systems in the market today tend to be generalist-type solutions.  They are designed for the masses and offer the ability to either customize the ERP for their particular industry and/or offer a robust ecosystem of 3rd party products you can “plugin” natively to support various business processes, which some refer to as a "best of breed".  While a “best of breed” approach on paper sounds nice, it really falls short of the promises it makes by adding additional complexity to your infrastructure (integrations), generally increasing your IT spend, and creating more software vendor relationships to manage.  

On the other hand, IFS Cloud ERP delivers native capabilities to support industries right out of the box, without the need for multiple third-party products or heavy-duty customizations. 

While this particular blog post is focused primarily on IFS Cloud ERP, IFS also provides Enterprise Asset Management (EAM) and Field Service Management (FSM) capabilities. This is where IFS really shines brightest-- it helps companies manage more than what a typical ERP would handle. 

Companies that need to overhaul their ERP software and also need solutions to support service workers in the field and have an extensive list of expensive assets they need to maintain. Being able to manage the entire business with three unified applications from a single vendor is a very powerful value proposition.  

If you are in one of the following industries you owe it to yourself to see if IFS Cloud is right for your organization:

IFS ERP FOR AEROSPACE & DEFENSE

  • Defense In-Service Support
  • Military Market
  • A&D Manufacturing
  • Airlines & Fleet Operators
  • Independent MRO

IFS ERP for CONSTRUCTION, INFRASTRUCTURE & INDUSTRIAL SERVICES

  • Construction, Infrastructure & Industrial Services
  • Engineering Contractors
  • Shipbuilding & Maritime 

IFS ERP FOR MANUFACTURING

IFS ERP FOR TELECOMMUNICATIONS, ENERGY, UTILITY & RESOURCES

  • Mills & Metals
  • Mining & Mining Services
  • Oil & Gas
  • Power Distribution
  • Power Generation
  • Power Transmission
  • Telecommunications
  • Transportation, Infrastructure & Operations
  • Water Supply & Treatment

IFS ERP FOR FIELD SERVICE MANGEMENT

In terms of where IFS is heading next, they’ve made substantial investments in their Field Service Management (FSM) portfolio and have the goods to prove they are the go-to vendor for companies looking for FSM solutions, including mobile capabilities. See Gartner's Magic Quadrant reviews below.

IFS has made several FSM acquisitions in recent years and continues to view this as a sweet spot, especially in the mid-market enterprise space. So you can probably be on the lookout for more Field Service enhancements. To learn more about IFS Field Service Management and it's capabilities go here to read more.

 

IFS ERP Analysts Reviews

Gartner

Cloud-ERP-for-Product-Centric-Enterprises-GartnerGartner Industry Analysts are the leading research and advisory company that delivers technology-related insights to help businesses make informed decisions. 

Gartner has become the gold standard in the industry for non-biased reporting and analysis on the various software applications in the marketplace and ranks them based upon their capabilities and real-life customer feedback. 

The IFS ERP system was named a Visionary in Gartner's Magic Quadrant for Cloud ERP for Product-Centric Enterprises and a leader in the Magic Quadrant for Field Service Management, with IFS leading the way in its ability to execute at the highest level.

This recognition by Gartner is additional proof that IFS Cloud ERP provides a very compelling ERP value proposition to businesses that also require a field service capability in conjunction with an ERP solution.  

IDC

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IDC Industry Analysts are the leading provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. IDC's analysis and insight is based on more than 40 years of experience in the IT industry.

Although IFS Cloud lacks name major recognition in the United States, the IDC MarketScape report on Cloud-Enabled ERP placed IFS within the "Major Players" category, ranking them higher than Oracle and SAP on the "capabilities" axis with the ability to execute. 

The report went on to highlight why IFS is such a great ERP for complex manufacturing companies, citing one example in IFS's Dynamic Scheduling Engine. They mentioned:  "Artificial Intelligence (AI) was applied to the IFS Dynamic Scheduling Engine for a transportation company, which increased the availability of working machines by 20%—allowing more contracts to be completed without the addition of staff."

*IDC MarketScape: Worldwide SaaS and Cloud-Enabled Operational ERP Applications 2019 Vendor Assessment, IDC #US43702818, March 2019

 

IFS Customer Reviews

Gartner Peer Insights 1It’s one thing to win the praises of industry analysts like Gartner and IDC, but it can be even more meaningful to hear feedback from real customers who use the product every day. Peer Insights by Gartner contains 120 reviews of IFS Cloud, with more than 85% showing a 4-or 5-star rating.

 

For example, one IFS customer went on to state:

"It offers an attractive, efficient user experience that helps in finding what you need to do your duty. So, you can spend more time managing your business and less time managing the software. It allows you to stay agile, ready for evolution without interrupting implemented solution. It contains HR and finance modules and makes it easier to check data. One major benefit is that it has a live dashboard to view everything on one page and is completely customizable. It has a live stream button that displays the progress of the invoice. It is secure ERP software and is available for every scale of the company. It is inexpensive as compared to other trending ERPs in the market. " Source: Gartner Peer Insights

 

IFS Customer Reviews:

It’s one thing to win the praises of industry analysts like Gartner and IDC, but it can be even more meaningful to hear feedback from real customers who use the product every day. Peer Insights by Gartner contains 120 reviews of IFS Cloud, with more than 85% showing a 4-or 5-star rating.

For example, one IFS customer went on to state:

"It offers an attractive, efficient user experience that helps in finding what you need to do your duty. So, you can spend more time managing your business and less time managing the software. It allows you to stay agile, ready for evolution without interrupting implemented solution. It contains HR and finance modules and makes it easier to check data. One major benefit is that it has a live dashboard to view everything on one page and is completely customizable. It has a live stream button that displays the progress of the invoice. It is secure ERP software and is available for every scale of the company. It is inexpensive as compared to other trending ERPs in the market. " Source: Gartner Peer Insights

 

Another popular ERP software review site, G2Crowd, gives some good feedback, too. On that site, 70 of the 86 online reviews rate IFS Cloud with either 4 or 5 stars. 

By considering both the professional analysts’ and the end-user reviews of IFS Cloud, we can see that it ranks highly no matter who is evaluating it. And, with continued research, we feel you’ll get the sense that IFS is ready for prime time, especially for complex manufacturing and service industries. 

Another popular ERP software review site, G2Crowd, gives some good feedback, too. On that site, 70 of the 86 online reviews rate IFS Cloud with either 4 or 5 stars. 

By considering both the professional analysts’ and the end-user reviews of IFS Cloud, we can see that it ranks highly no matter who is evaluating it. And, with continued research, we feel you’ll get the sense that IFS is ready for prime time, especially for complex manufacturing and service industries. 

 

IFS ERP Software Pricing

IFS Cloud ERP software pricing is based upon a named-user licensing approach, not concurrent as with some other software applications.

When you license the IFS Cloud ERP application suite you essentially get access to all the modules (features & functions) necessary for your business to run on IFS ERP.

Unlike other software applications where there is a separate price for the suite, the modules, transaction volumes, and the users, IFS is much more transparent and takes a simplified licensing approach.

Furthermore, the IFS software license price also includes application hosting (provided by IFS). Therefore there's no need to build out the internal infrastructure to support the ERP application like you would with traditional on-premise ERP software. However, keep in mind this is an option if you are required to deploy IFS on-premise. 

As part of the hosting and support services, IFS provides clients with twice a year annual updates to take advantage of new feature releases, enhancements, and bug fixes.  

To learn more about IFS Cloud ERP licensing and to get started with your IFS ERP software budget process take the assessment below to find out how much IFS will cost your organization.  

Learn more about IFS ERP Pricing.

 

IFS Implementation Pricing

There is no simple answer to the question of how much an IFS ERP implementation will cost. The size and complexity of your organization, as well as the specific features and functionality you require, will all play a role in determining the final cost.

That said, there are some general guidelines you can keep in mind when budgeting for your IFS implementation.

First, IFS applications are priced on a per-user basis. So, the more users you have, the more your implementation will cost. Additionally, certain features and modules within IFS may carry additional costs. For example, if you need support for multiple languages or locations, you may be required to purchase additional licenses.

Generally speaking, IFS implementations tend to fall in the range of $250,000 - $1,000,000. However, there are always exceptions to this rule - organizations with very complex environments may end up paying more, while those with simpler setups may be able to get by with less.

The best way to get an accurate estimate for your particular situation is to speak with an IFS representative or partner like Astra Canyon. We will be able to assess your specific needs and give you a more tailored price.

IFS Implementations

An IFS ERP implementation can vary in length depending on the size and complexity of the organization. However, on average, it takes between six months to two years to complete.

For less complex organizations, the process may be shorter, while larger more complex organizations may take longer.

There are a number of factors that can influence the length of time it takes to implement IFS, including the size of the company, the scope of the project, and whether or not there are any delays during implementation.

Some actual examples of time frames for IFS implementations include:

A small economic development agency in New York State took 18 months to implement IFS Applications across its entire organization.

The international offshore drilling contractor Borr Drilling deployed IFS Applications™ to improve operations and optimize its IT landscape. IFS was implemented onshore and across seven oil rigs in six months.
Read more https://www.ifs.com/news/customer/borr-drilling-deploys-ifs-applications-in-record-time

 

IFS ERP Integration

IFS ERP plays nice with leading iPaaS platforms such as Dell Boomi or Cleo. IFS Cloud ERP can be easily extended to allow data to flow to and from other departmental software applications.  

IFS Applications run on all major hardware platforms, including IBM AIX, HP-UX, Linux, Microsoft Windows, and Oracle Solaris.

IFS Applications supports all major relational databases, including IBM DB2, Microsoft SQL Server, Oracle, and Sybase.

IFS Applications is a very flexible system that allows for a wide range of customizations. During the integration process, IFS can be customized to fit specific business needs. For example, you can add new fields to the database, create new reports, or modify the user interface.

Astra Canyon has a dedicated team to assist with IFS ERP integration services should you wish to consult them for future discussion about your specific use cases.

IFS Connector to Cleo Integration Cloud

Astra Canyon’s Relier connector provides native support for IFS Applications for customers seeking to access the power of the Cleo Integration Cloud platform. Mid-market and enterprise organizations are able to integrate all their internal data flows as well as their external ecosystem interactions with customers, suppliers, logistics providers, and any other trading partners to IFS Applications through the Cleo Integration Cloud.

AstraCanyon’s Relier extends the power of IFS Applications by seamlessly integrating CRM, EDI, WMS, fulfillment, and other enterprise applications and ecosystems.

Relier gives IFS customers fast access and integration of critical workflows to optimize the performance of fundamental business processes like Order-to-Cash and Procure-to-Pay. Any integration need can be quickly and seamlessly addressed.

IFS Competitors & Alternatives

The most common ERP vendors we see customers evaluate when considering IFS in North America tend to be SAP, Oracle, Microsoft, and Infor.  That being said for customers looking for a fully integrated ERP, EAM, and FSM solution you'd be hard-pressed to find a more complete solution from a single ERP vendor. 

For further reading about IFS' competitors and alternatives check out the links below.

  • IFS vs SAP Comparison: SAP has multiple offerings in the ERP space: SAP S/4HANA, SAP Business One, and SAP Business ByDesign. One of the major differences between IFS and SAP is which industries each system is best suited to serve. Some of the other topics explored in this blog are the differences in ease of integration, software updates, data migration, and end-user experience. Learn More: ISF VS SAP Comparison Guide   

  • IFS vs Oracle Comparison: Both IFS and Oracle offer robust ERP and EAM solutions that serve the modern enterprise throughout its lifecycle. Each provides enterprise planning and asset management tools aimed at helping organizations operate at their max potential. Where they differ is IFS’s mid-market manufacturing focus.  Learn More: IFS vs Oracle Comparison Guide

  • IFS vs Microsoft Dynamics 365 Comparison:  A look at how Microsoft Dynamics 365 ERP solutions compare and contrast with IFS Cloud ERP. Key features explored include EAM, report generation, supply chain management, field service management, frequency of software updates, implementation time, costs, and licensing. Learn More: IFS vs Microsoft Comparison Guide

     

IFS Pros & Cons

Pros

  • IFS offers a compelling, comprehensive suite of applications (ERP, EAM, and ESM) purpose-built for a variety of product and asset-centric industries, including Aerospace & Defense, Asset Intensive, Automotive, Energy and Utilities, Engineering, Construction and Infrastructure, High Tech Manufacturing, Industrial Manufacturing, Oil & Gas, Process Manufacturing, Retail and Wholesale, and Service Providers.
  • IFS is PE-backed and investing heavily in R&D. Its singular focus is on its suite of cloud-based ERP, EAM, and Service Management products. There are no competing product roadmaps or ERP functionality overlaps as you see with many other vendors. For example, Oracle, SAP, and Microsoft each offer between 4 and 5 different ERP products. 
  • IFS is a proven ERP vendor with thousands of global deployments and a team of over 4000 employees across more than 30 countries.
  • IFS ERP software offers a variety of deployment options, such as public cloud, private cloud, or on-premise.
  • IFS Cloud is engineered to use responsive design and is optimized to work regardless of device or location preference.

Cons

  • IFS is not a household name like SAP or Oracle, so companies do not give it adequate consideration (unless recommended by a colleague and/or ERP selection firm). 
  • The IFS ecosystem is still small compared to larger vendors, so it can be more challenging to find consultants with deep IFS experience. Astra Canyon Group is by far the largest IFS consulting organization in North America. 
  • IFS offers a robust ERP solution designed for complex organizations. This depth of functionality comes at a price point that many small to midsize businesses (SMB) may find prohibitive.

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IFS ERP FAQ:


Q: Is IFS ERP deployed in the cloud or on-premise?
A: Both, historically IFS has been an on-premise solution but in recent years has retooled it’s ERP to be deployed in the cloud in IFS data centers (public cloud), or in your own datacenters (private cloud) or can be deployed on-premise.



Q: What does IFS stand for?
A: IFS is short for "Industrial and Financial Systems"



Q: What is IFS ERP software used for?
A: IFS develops Enterprise Resource Planning (ERP) software to help businesses better manage their financial resources, their inventory, and their people and processes. IFS also offers world class Enterprise Asset Management (EAM) software and Services Resource Planning (SRP).



Q: What type of companies use IFS ERP Software?
A: IFS is used by a wide variety of businesses around the world. The solution enables complex businesses to successfully handle four key processes:

  • Service and Asset Management
  • Manufacturing
  • Projects
  • Supply Chain Management.

IFS has expertise in dealing with companies in specific markets: Aerospace and Defense, Asset Intensive, Automotive, Energy and Utilities, Engineering, Construction and Infrastructure, High Tech Manufacturing, Industrial Manufacturing, Oil and Gas, Process Manufacturing, Retail and Wholesale, and Service Providers. Their domain expertise in these segments sets them apart. See references http://www.ifsworld.com/corp/our-customers/


Q: How many employees does IFS have?
A: IFS boast over 4000 employees worldwide.


Q: How many customers does IFS have?
A: IFS claims to have over 10,000 customers worldwide in more than 30 countries.


Q: How much does IFS Cloud ERP software cost?
A: IFS does not publicly publish their list pricing information however a typical customer could expect to spend around $4,500 per user, which includes full ERP access, hosting and support. For more detailed pricing click below.


Q: Who are IFS' primary competitors:
A: IFS' primary competition consists of SAP ByD and SAP S/4, Oracle NetSuite and Oracle Cloud, Microsoft Dynamics 365 for Finance & Operations, Epicor and Infor CloudSuite, Acumatica and Sage X3.
 
Q: Can I get free trial access to IFS ERP software?
A: Astra Canyon Group can provide potential IFS customers a highly specialized demonstration but currently does not have the ability to offer prospects a IFS trial product.  

 

IFS ERP Software Versions

  • IFS ERP Version 6 was released in 2006 and was last supported in 2013.
  • IFS ERP Version 7 was released in 2011. It is no longer being supported.
  • IFS ERP Version 8 was released in 2014. It is no longer being supported.
  • IFS ERP Version 9 was released in 2015. It is still being supported.

Version 9 added the following new features:

  • New in-memory capabilities
  • Enhanced visualization of manufacturing processes
  • Extended support for rental management
  • Improved group consolidation functionality

IFS ERP 9.4 was released in December 2017. It includes a number of new features, including:

  • A new security framework that provides greater control over user access to data and systems
  • The ability to create custom reports, using drag-and-drop functionality, to help you quickly identify and analyze data trends
  • Enhanced performance and scalability, making it easier to manage large volumes of data

IFS Version 9 introduced a new layered application architecture. This allows updates to be implemented quicker and easier than in previous versions.

The company’s goal is to create “evergreen” software. Now customers can benefit from the very latest product enhancements faster and with little disruption to the business.  

 

Is IFS ERP Right for You?

Let's have a conversation to discuss the specifics of your particular initiative. We'll help you uncover if IFS ERP makes sense given your needs, your timeline and budget. Astra Canyon Group is IFS's leading ERP partner in North America.  We have IFS certified consultants ready to assist you with your biggest ERP challenges.  

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