IFS is an agile, component-based provider of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM) and Field Service Management software. IFS Applications is a unique enterprise software suite that allows you to choose from a multitude of smaller modules within the software to manage diverse business components within your company.
Each module is well-defined within itself, and allows you to add only the components you need as you progress without affecting other modules. So, you get separate modules like IFS applications for Human Resources, IFS applications for Manufacturing, Inventory Management, Customer Experience, etc. IFS’ latest version even provides industry-specific functionalities that help you gain a competitive advantage.
Two of the most useful modules within IFS Applications are the IFS Finance and Sales modules.
IFS Financials
IFS Financials is an integrated part of the IFS suite that helps you bring together all your financial information across multiple companies, currencies, regulatory frameworks, and business models. Real-time data allows you to precisely measure business performance, and quickly make key decisions that support your business' growth. IFS financials contains many useful features, including:
- IFS Consolidation: This allows you to merge balances from multiple subsidiary companies, irrespective of currencies used or any other barrier.
- IFS Business Planning: This allows you to create budgets, forecasts and make financial plans for your company or subsidiaries and can handle anything from personnel planning, revenue planning and cash flow balance.
- IFS Cash Flow: This lets you conduct flexible liquidity analyses based on various scenarios like customer orders, purchase orders, accounts receivable and payable, etc.
- IFS Project Finance: Gives you a complete financial view of ongoing, or finished projects and supports multiple methods of capitalization and revenue recognition.
- IFS eInvoice: Reduces the need for manual efforts in invoicing through robust authoring rules and automated matching with purchase orders. event notifications and history logs.
- IFS Accounts Payable: Simplifies payment through self-billing with a variety of currency and payment options support.
- IFS Accounts Receivable: Automatically handles routine transactions with scope for integrated customer orders and accounting rules.
- IFS Fixed Assets: Includes multi-country support for depreciation methods to manage fixed assets worldwide.
- IFS General Ledger: Provides support for multiple general ledgers and advanced distribution rules by bringing together financial data from various systems and subsidiaries.
IFS Sales & Service
IFS’ sales and service modules help you manage your customer lifecycle from sales leads, through the sales journey, to after-sales support and services. It has dedicated components for:
- IFS Mapping: Enables you to visualize multiple business objects like the best route to a location, customer details, customer orders, etc. It is also integrated with Microsoft Bing maps for enterprise.
- IFS Service Quotation Management: Empowers sales with accurate quotes for service contracts, service calls, calculate job-based margins and is integrated with IFS CRM.
- IFS Service Contract Management: Gives you complete control over Service Level Agreements for each of your customers and services and automatically checks and follows up on agreed terms.
- What-If Scenario Explorer (WISE): This is an advanced modeling tool that allows you to select alternative courses of action comparing risk and reward of any scenario.
- IFS Dynamic Scheduling: Helps you optimize your mobile workforce through the use of dynamic scheduling based on multiple factors such as skills, SLAs, etc. and can also handle exception management.
- IFS Field Service & Mobile: Enables ‘customer-focused service’ through the use of dedicated resources for taking quotes and orders, invoicing and analysis and dynamic scheduling of on-field resources.
- IFS Call & Case Management: Helps you provide call center services to your customers through analytics and pre-built management standards.
- Product Estimate Management: Helps manufacturing companies handle complicated price estimations.
- IFS Sales Configurator: Helps your sales employees and customers navigate effectively through your portfolio of products, product characteristics, and accessories.
- IFS Web Store: An out-of-the-box solution that assists in web-based order management and spare parts sales.
- IFS CRM: Gives you end-to-end visibility on customer information to easily integrate with back-office and front-office processes.
IFS’ deep support and integrations for multiple business processes and divisions using a complete enterprise suite that includes in-depth resources for managing sales and finances. If you’re looking to consolidate your internal processes as well, give us a call at ProV.
ProV is a multiple award-winning partner for IFS products and services. We offer some of the best IFS Applications pricing and provide best-in-class services for IFS implementations, IFS software support, and IFS customizations.
To learn how we simplify IFS technologies for businesses like yours, visit our Resource Library. To get started on your digital transformation journey, request our FREE Consultation today.
