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IQMS Enterprise IQ vs Oracle Fusion Cloud ERP comparison

 

Comparison Buyer's Guide

Executive Summary

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

IQMS Enterprise IQ
Average Rating
8.0
Number of Reviews
1
Ranking in other categories
ERP (29th)
Oracle Fusion Cloud ERP
Average Rating
8.2
Reviews Sentiment
7.3
Number of Reviews
44
Ranking in other categories
Cloud ERP (1st)
 

Mindshare comparison

While both are Enterprise Resource Planning solutions, they serve different purposes. IQMS Enterprise IQ is designed for ERP and holds a mindshare of 0.6%, up 0.4% compared to last year.
Oracle Fusion Cloud ERP, on the other hand, focuses on Cloud ERP, holds 20.9% mindshare, down 33.5% since last year.
ERP
Cloud ERP
 

Featured Reviews

VR
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.
Muhammad Umair Siddiqui - PeerSpot reviewer
AI automation saves time and simplifies financial processes
The data entry process is very time-consuming. Without using options like ODA, manually entering data in the GLS screen or Oracle invoices is a time-consuming job. The screens could be improved, as a lot of mouse clicks are required, and multiple fields need to be entered. Although it has a workaround with spreadsheets, the screen interface could be better.

Quotes from Members

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

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."
"The solution is highly configurable"
"It is easy and very convenient for clients to go to the front end and check whatever update they want to look at."
"Oracle Fusion Cloud ERP has integrated the best features from various sources. For instance, it incorporates the strengths of HCM from PeopleSoft, PPM from another source and CRM from Salesforce."
"The user interface is the best feature."
"It offers real-time analytics through Oracle Transactional Business Intelligence, which helps build analytical reports on the data model. It also has Fusion Intelligence, a data warehouse integrated with the database that offers real-time data integration and prebuilt analytical reporting. These are standard features of the product."
"My company found the financial planning and budgeting modules of Oracle ERP Cloud more sophisticated and valuable than its other modules."
"The embedded AI is very beneficial for automations, and it provides a lot of help to customers."
"Oracle has proprietary cloud technology and provides high levels of technology and security."
 

Cons

"Setup is very complex."
"The solution could benefit from improvements in project management, project execution, and project costing, especially for industries like construction."
"For economically weak countries, the solution's price appears expensive"
"Oracle ERP Cloud needs to be more mature, especially in terms of some advanced modules, such as manufacturing, supply chain planning, and production."
"The stability is not as good as Informatica, but this is very good."
"The initial setup can be somewhat complex."
"In terms of areas for improvement, there are still a lot of other features that need to be incorporated into the future releases of Oracle ERP Cloud. We're hoping those would come soon because they're available in other ERP systems. For example, we used to have a lot of AME customizations in the BPM, but now we have a very limited scope, so it would be great if we could extend our scope. Currently, we are working with product teams to get through some of those solutions, and how we could implement them, so we have some workarounds to deal with, but we still have a long road ahead."
"We did face some challenges during the implementation of Oracle Fusion Cloud ERP. Certain requirements were not met by the standard functionality, so we had to customize and build custom applications on top of the solution. But overall, I think it stacks up well as a standard product."
"The solution should implement improvements with AI technology. Specifically, in the realm of ERP tools, this can be particularly beneficial, not only for cloud-based systems but for all types of tools. Additionally, a highly desirable feature is the ability to work offline."
 

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."
"The price is average compared to other vendors. The licensing is on a yearly basis depending on the subscription pattern. There are no extra costs apart from licensing."
"The product pricing is based on a per-user model. It is expensive."
"The pricing for Oracle ERP Cloud is on par with other top solutions."
"We have an annual license with Oracle, however if we need additional features we do pay for them."
"Oracle ERP Cloud is not a cheap solution."
"The solution is moderately priced, where it is neither expensive nor cheap."
"In a developing country such as Bangladesh, Oracle ERP Cloud is expensive compared to on-premise solutions, so the turnover is very low. Customers become more comfortable using on-premise services because of the high subscription costs of Oracle ERP Cloud."
"The solution is expensive and there are some services that are extra costs."
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Top Industries

By visitors reading reviews
Manufacturing Company
24%
Computer Software Company
14%
Healthcare Company
11%
Financial Services Firm
9%
Educational Organization
43%
Computer Software Company
8%
Financial Services Firm
6%
University
4%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

Ask a question
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What do you like most about Oracle ERP Cloud?
The user interface is the best feature.
What is your experience regarding pricing and costs for Oracle ERP Cloud?
Oracle Fusion Cloud ERP might be considered expensive, especially in Pakistan due to conversion rates. It can be difficult to convince customers because of price differences when compared with EBS....
What needs improvement with Oracle ERP Cloud?
The data entry process is very time-consuming. Without using options like ODA, manually entering data in the GLS screen or Oracle invoices is a time-consuming job. The screens could be improved, as...
 

Also Known As

Enterprise IQ
No data available
 

Overview

 

Sample Customers

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
Grupo Aeromexico SAB de CV, Australian Finance Group Ltd., Shelf Drilling Ltd., Boise State University, The Rancon Group, Arin Innovation, PROMATIS software GmbH, KBBO, Delaware Life Insurance, Worthington Industries, Solairus Aviation
Find out what your peers are saying about SAP, Microsoft, Oracle and others in ERP. Updated: April 2025.
850,028 professionals have used our research since 2012.