IFS Cloud Platform vs IQMS Enterprise IQ comparison

IFS and IQMS are both solutions in the ERP category. IFS is ranked #12 with an average rating of 8.0, while IQMS is ranked #29. IFS holds a 2.5% mindshare in ERP, compared to IQMS’s 0.6% mindshare. Additionally, 87% of IFS users are willing to recommend the solution, compared to 100% of IQMS users who would recommend it.

IFS Cloud Platform

Read 30 IFS Cloud Platform reviews

2,151 Views
1,377 Comparison Views

87% willing to recommend

IQMS Enterprise IQ

Read 1 IQMS Enterprise IQ review

417 Views
271 Comparison Views

100% willing to recommend

IFS Cloud Platform

IQMS Enterprise IQ

Comparison Buyer's Guide

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Executive Summary

We performed a comparison between IFS Cloud Platform and IQMS Enterprise IQ based on real PeerSpot user reviews.

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To learn more, read our detailed ERP Report (Updated: May 2025).

Buyer's Guide

ERP

May 2025

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Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Categories and Ranking

IFS Cloud Platform

Ranking in ERP

12th

Average Rating

7.8

Reviews Sentiment

6.8

Number of Reviews

Ranking in other categories

CRM (21st), Customer Experience Management (7th), Field Service Management (2nd), Help Desk Software (12th), Activity Based Costing Software (7th), Enterprise Asset Management (EAM) (2nd), Local Government CRM (9th), IT Asset Management (10th), IT Service Management (ITSM) (11th), License Management (2nd)

IQMS Enterprise IQ

Ranking in ERP

29th

Average Rating

8.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of June 2025, in the ERP category, the mindshare of IFS Cloud Platform is 2.5%, up from 2.3% compared to the previous year. The mindshare of IQMS Enterprise IQ is 0.6%, up from 0.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.

ERP

Featured Reviews

Brendan Fisher

IFS Applications Consultant at Zest Business Process Management Ltd

Robust, customizable, and modern

IFS is a very large and complex software, and implementation of IFS can be challenging and may lead to a difficult lengthy project. It can take between 12 and 24 months in some cases to deploy. I have found that not all clients are fully aware of how big the task is that they're undertaking when they make a decision to move to software like this. Companies need to be more aware of the complexity of an ERP implementation project and while I fully recommend moving to IFS, it is not easy and does require business change when adopting an ERP solution. New features are a difficult ask - I work across multiple industries and everyone would probably choose a different feature. Maybe BIM in Construction or Customs link-ups for importers/exporters.

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Vasanth Rajendran

Retired at Retired

Allows customization for production and has good sales, distribution, and quality management features

Previously, we were using a very small ERP called Visual Udyog. Visual Udyog is a very cheap solution. For a startup company, it's useful. It's not an elaborate ERP, but it gives at least 25% of what IQMS gives. It can give 25% or even close to 50% of what IQMS can give and at 10% of the cost. Initially, for the first five years of the company, where it has only one million turnover or two million turnover, it is enough. Once you want to scale up, you have to go to SAP or IQMS. I also worked with SAP. I would say that IQMS and SAP go hand-in-hand.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"Feature-wise, I like the way it provides inventory details...It is a stable solution."

"There tends not to be a massive weakness in the product itself, as weaknesses can quickly be resolved in the next patch or the next release."

"The best feature is the maintenance module, which is essentially an industry-specific workflow designed with a manufacturing module as per industry standards. It's very precise and specific without having complex functionalities. It's straightforward. Field Service Management is definitely a wonderful product that IFS has developed because it caters to field services. The energy and utility sectors can answer their business needs using the software."

"The main reason for the ERP project was to bring together our fourteen sites, which had until then worked in separate silos."

"The most valuable features of IFS Applications in the latest version are the new user Arena interface. It's from Apps 9, but it brings more flexibility in usage, especially around different devices, such as mobile usage, which doesn't restrict you from using a computer. We are it for the HR side, and it's proving quite good. It has a new modern feel to it similar to a standard cloud application which enhances the user experience."

"The financial posting controls are quite handy. The user interface is really friendly, highly flexible, and pretty intuitive for end users."

"We could quickly understand what was going on and what the customer wanted to do."

"IFS has been completely rebuilt, modernized, and cloud-based so we don't need bulky software installations."

More IFS Cloud Platform pros

"This solution has all of the features you need: sales, distribution, supply chain. It has logistics and production management capabilities. It has so many modules, which were integrated using our expertise."

Cons

"We have upgraded to the latest version right now. We have issues with the quality. We tried to enroll in their Evergreen program which was meant to help us adopt any service update or anything that the tool’s providers come up with."

"Technical support could be improved."

"IFS Applications is not robust enough to handle high-volume transactions, so it's not suitable for larger enterprises."

"IFS uses Crystal Report mostly, which isn't too user-friendly. Developing reports isn't easy and requires a lot of dev time. Since SAP bought it, Crystal Report has become more complicated to use on IFS. You have a dashboard for reporting that is good, but it's incomplete. Most of our clients use Power BI or some additional tooling for BI."

"Documentation-wise, they need more."

"The CRM was shaky and although this improves in Apps 10, there is room for improvement."

"Aspects of HR and payroll could be better."

"There are some stability issues."

More IFS Cloud Platform cons

"Setup is very complex."

Pricing and Cost Advice

"The product is reasonably priced."

"The pricing of the solution may appear to be expensive for smaller companies with only tens of users; however, for larger and mid-size industrial companies, IFS is able to win deals and the pricing is competitive in the market."

"Pricing is an area that could be improved. They could be more competitive."

"Ask for all-inclusive pricing, as they are pretty flexible if you ask for custom models."

"There's an additional yearly cost for support."

"Compared to SAP, the pricing for IFS Applications was very affordable. People using the solution would find that it's worth the money."

"We pay for a license to use the solution, which is not very expensive."

"There are varying license levels that you can purchase."

More IFS Cloud Platform pricing and cost advice

"We paid about 20% with the purchase order. Six months later, we paid another 20%, and then another 20% after another six months. We paid the remaining 40% after 18 months."

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Top Industries

By visitors reading reviews

Computer Software Company

21%

Manufacturing Company

Energy/Utilities Company

Financial Services Firm

Manufacturing Company

23%

Healthcare Company

14%

Computer Software Company

14%

Financial Services Firm

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

What do you like most about IFS Applications?

Scalability-wise, I rate the solution a nine or ten out of ten since it is an extremely scalable solution that can be used for various use cases with thousands of users.

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What is your experience regarding pricing and costs for IFS Applications?

The product is reasonably priced. The costs are justified by the value provided, considering the comprehensive features and minimal need for customization. I rate the pricing a seven out of ten.

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What needs improvement with IFS Applications?

I am not able to recall much about batch. Documentation-wise, they need more. There is not much available online, and the documentation availability is on the lower side compared to other products,...

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Comparisons

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Compared 17% of the time

Microsoft Dynamics 365 Business Central vs IFS Cloud Platform

Compared 10% of the time

IBM Maximo vs IFS Cloud Platform

Compared 10% of the time

SAP S/4HANA vs IFS Cloud Platform

Compared 10% of the time

ServiceNow vs IFS Cloud Platform

Compared 6% of the time

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SAP ERP vs IQMS Enterprise IQ

Compared 38% of the time

Oracle E-Business Suite vs IQMS Enterprise IQ

Compared 29% of the time

NetSuite ERP vs IQMS Enterprise IQ

Compared 18% of the time

Microsoft Dynamics 365 Business Central vs IQMS Enterprise IQ

Compared 15% of the time

More IQMS Enterprise IQ Competitors

Product Reports

Buyer's Guide

IFS Cloud Platform

May 2025

Download IFS Cloud Platform product report

Buyer's Guide

ERP

May 2025

Download IQMS Enterprise IQ product report

Also Known As

IFS Applications, Assyst, IFS Cloud

Enterprise IQ

Overview

IFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. Industrial AI is IFS.ai.

IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.

IFS

IQMS provides manufacturers with a reliable, real-time Enterprise Resource Planning (ERP) software developed especially for manufacturing processes. Whether you are a small, single plant manufacturer or a large multi-plant, global manufacturer, IQMS has a manufacturing-specific ERP solution to fit your needs. Due to the comprehensive nature of the system, the EnterpriseIQ ERP Software solution becomes the backbone for manufacturers to monitor, track, trace and communicate business and manufacturing activities and data throughout the supply chain faster than any other software on the market today. The scalable, modular architecture of EnterpriseIQ provides manufacturers the flexibility to take advantage of more advanced ERP software and manufacturing software features and functionality when needed.

IQMS

Sample Customers

China Airlines, Electrolux Group, Babcock, Cimcorp, Sky, Multiplex, Veolia.

Poly-Cast, Custom Profile, Nicolet Plastics, Double H Plastics Inc., Network Plymers, Load Trail, Mar-Bal Inc., Donnelly, Steinwall Scientific, Nissen Chemitec America, Miniature Precision Components

Find out what your peers are saying about SAP, Microsoft, Infor and others in ERP. Updated: May 2025.

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