IFS Applications: A Guide To Enterprise Resource Planning

Feb 23, 2019

Looking for a new ERP system for your organization? You’ve come to the right place. 

IFS (Industrial and Financial Systems), is a leading enterprise software company headquartered in Sweden. IFS provides state-of-the-art modular enterprise software for Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM) and Field Service Management (FSM). IFS ERP runs on a component-based core technology called IFS Applications that extends the ERP tools functionality into other verticals such as Customer Relationship Management (CRM), Supply Chain Management (SCM), Product Lifecycle Management (PLM), Corporate Performance Management (CPM), Business Intelligence (BI), and much more. IFS Applications’ service-oriented architecture has found popularity in a wide variety of industries such as IFS Applications for manufacturing, construction, oil and gas, engineering, and aerospace.  

Here are reasons why you should consider switching to IFS, and a few benefits of IFS ERP:  

1) Targeted Unified Utility: A component-based architecture means that IFS Applications has better functionalities than the average ERP. IFS is especially useful for asset and project intensive businesses like multiple mode manufacturers and multiple location delivery, that have multiple modes of business to manage. Smaller companies can reap the benefits of a static ERP by using IFS for a lower SaaS price. IFS also delivers exceptional value for larger companies like oil and gas, aerospace, and manufacturing as an end-to-end ERP solution.  

2) Singular Technology: Many ERP software vendors often increase the range of their software utility through acquisitions and mergers. While that does increase the functionality of the software, it also complicates their management. IFS, on the other hand has a singular focus on developing IFS Applications at its core, and assures you of support in the long-run.  

3) ERP Reviews: Gartner has rated IFS ERP as a ‘leader’ in the MQ. Its FSM product also garners praise, while its Enterprise Asset Management (EAM) is rated as a “visionary” in the quadrant. IFS ERP is first in terms of market share in EAM for aerospace and defense, second for oil and gas, and third overall for all industries. You can check out some of their reviews here 

4) Faster Deployment: IFS ERP comes with certain out-of-the-box applications and functionalities that drastically reduces its time-to-value, when compared to mid-market or lower end ERP systems. The company also has a vast network of premier managed service partners like ProV, that are also technology experts and provide state-of-the-art local support for all business using IFS Applications. 

5) Viable Company: In 2019, it’s easy to get lost in a sea of options when as a business leader you are looking for a new ERP system. While many smaller companies might provide attractive rates, do you really want to take a chance on a company that doesn’t have a proven track record, or one that might be out of business in a couple of years? IFS is a global giant and had a revenue of over $ 457 million in 2017, and has over 3,500 employees of its own. As mentioned before, IFS and its partner network is comprised of hundreds of other competent MSPs that are able to enhance its support and usability for clients.  

Investing in an ERP solution might be one of the biggest expenses a company will incur. You should be looking for a solution that not only has the ability to solve your ERP problems for now, but also one that will scale with you as you grow. IFS Applications provides a robust, functionality rich, flexible ERP application which will be able to grow with your company.

ProV is an 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 use IFS Applications to streamline ERP for businesses like yours, visit our Resource Library. To get started on your Enterprise Resource Planning (ERP) journey, request our FREE Consultation today.   

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Topics: ifs supply chain, ifs maintenance, ifs human capital management, ifs financials, ifs field service management