IFS ERP Solution Overview

IFS Applications Overview

What is IFS? | IFS Functionality Overview | IFS User Interface | IFS Videos | IFS Demo | IFS Third Party Extensions | IFS History | IFS Deployment | IFS Industry Fit | IFS Pros & Cons | IFS Pricing & Implementation Costs | IFS APIs | IFS FAQ

ERP Vendor: IFS

Deployment: Cloud or On-Premise

Company Size: 200 - 5000+ employees

Cost: $$$

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What is IFS Applications?

IFS Applications is an ERP system designed principally for mid-market organizations that focus on the field and asset based businesses. The solution offers functionality covering IFS Applications customers are therefore primarily in telecommunications, oil & gas and construction industries, but it also serves customers in the manufacturing and professional services industry too.

It is an ERP product from Swedish software vendor IFS and therefore the majority of IFS customers are in Europe, however in recent years it has started to sell into the United States and other territories.

IFS Functionality Overview

In this section we have curated a list of the core modules which IFS ERP offers:

IFS Applications Modules

IFS Financials

IFS Applications offers strong capabilities to your finance users, covering:

General Ledger
Accounts Payable
Accounts Receivable
Consolidation
Cashflow Management
Project financials

The solution provides reporting and business intelligence with drill down capabilities, allowing your finance team to start with high level reports, then drill down into specific problematic transactions. The financial management module in IFS also allows for the management of multiple companies and inter-company trading and transactions.

IFS Applications Modules

IFS Human Capital Management

IFS Applications provides human resources capabilities which covers:

• Time and Attendance Tracking
• Recruitment
• Training
• Health and Safety
• Expenses Management
• Payroll
• Employee and Organization Management

With robust HR functionality, plus tight integration into other business functions such as projects, financials and field service, your employee data can flow seamlessly across the system, to ensure your customers are provided the best service and in an efficient way.

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IFS Engineering

The engineering modules of IFS Applications covers:

• Project Deliverables
• Commissioning
• Asset Design
• Engineering Change Management
• PDM Configuration
• Compatible Units

IFS Applications Engineering functionality offers strong interfaces with other business units such as finance and procurement providing better data points to help you make improved decisions and coordinate resources for technical, administration and financial delivery.

IFS Applications Modules

IFS Projects

Projects in IFS Applications offers:

• Reporting
• Risk Management
• Project Budgeting and Forecasting
• Planning & Scheduling
• Project Management
• Sub-Contract Management
• Sales Contract Management

The end to end capabilities provide rich functionality for organizations running commercial projects for clients with abilities for recharging expenses and maintaining margins, managing internal as well as external (subcontract) workforces and supports work breakdown structures and cost breakdown structures. With integration to other elements of the solution including financials, procurement and HR, all costs can be recorded, consultants and engineers can be allocated and materials tracked.

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IFS Manufacturing

IFS Manufacturing provides functionality for: 

• Sales & Operations Planning
• Materials & Resource Planning
• Visual Planning & Scheduling
• Configure & Make to Order
• Component Repair 
• Project Based Manufacturing
• Discrete Manufacturing
• Batch Process Manufacturing
• Repetitive Manufacturing
• Shop Floor Reporting

IFS

IFS Supply Chain

IFS  Supply Chain functionality provides features including:

• Demand Forecasting
• Supply Chain Planning
• Inventory Replenishment
• Sales Orders
• Supplier Relationship Management & Procurement
• Shipment Management
• Rental Management
• Warehouse Management

Working in conjunction with manufacturing, you can manage your order to delivery processes in a cohesive way, even if you have disparate locations and global customers.

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IFS Sales & Service

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IFS Maintenance

IFS User Interface

The latest rendition of IFS Applications - IFS Applications 10 ships with IFS Aurena which is a mobile first, responsive user interface which runs equally well on mobile, tablet or desktop. 

IFS Applications also offers mobile applications for organizations who want to do business on the fly. These mobile applications allow IFS users to submit expense reports and perform other business critical tasks whilst out in the field.

IFS

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Get a quick, hassle free cost estimate for IFS software licensing and implementation for your business.

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IFS

Get Demo

Organise a personalized demo of IFS with a certified solution provider suited to your business needs.

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IFS Videos

IFS Demo

ERP Research can organize a personalized demonstration of IFS Applications. We'll reach out immedietly to schedule your demo.

See how IFS Applications ERP software can help your business to create new efficiencies, hassle free.

IFS

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Organise a personalized demo of IFS with a local certified solution provider suited to your business needs and industry.

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IFS Third Party Extensions

IFS History

IFS Applications

IFS Deployment

IFS Applications can be deployed in both the Cloud as a SaaS ERP or as an On-Premise solution.

IFS Industry Fit

Automotive

High Tech

Medical Devices

Machinery

IFS Pros & Cons

✅ IFS Pros

• Strong capabilities for field service management and project centric organisations with asset intensive business models.
• Flexibility for Cloud or On-Premise deployments.

❌ IFS Cons

IFS Pricing & Implementation Cost

IFS has two primary licensing models which serve its Cloud & On-Premise customers. Cloud customers typically pay an annual subscription fee inclusive of software, hosting, upgrades and basic support. On-Premise IFS customers however typically pay higher upfront costs for licensing which are then depreciated over 5-10 years, or the lifecycle of the solution.

IFS

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IFS APIs (Application Programming Interface)

SAP Business ByDesign allows for external applications to read and write data or perform actions with SAP Business ByDesign via the use of API's. The solution features 198 API's in total which cover a variety of scenarios including:

• Calculate Price - extract price components (price, discount, surcharge, freight, product information)

• Determine product availability

• Create goods receipt confirmations

• Maintain Demand Plans

• Manage account hierarchies

• Manage bank statements

• Manage cash payments

• Manage customer contracts

• Manage customer invoice requests

• Manage contacts 

• Manage employee time

• Manage leads

• Manage lease contracts

• Manage VAT entries

• Manage list prices

• Manage materials

• Manage production orders

• Query business partners

• Manage products

• Manage kit item list

• Manage labour resource cost rates run

• Manage logistics layout execution

• Manage material valuations

• Manage object descriptions

• Manage opportunities

• Manage partner companies

• Manage product designs

• Manage purchase orders

• Manage purchase requests

• Manage purchasing contract

• Manage sales orders

• Manage sales price lists

• Manage sales quotes

• Manage sales price specifications

• Manage suppliers

• Query accounts

• Query account open amounts

• Query bank statement

IFS Frequently Asked Questions (FAQ)

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