What is our primary use case?
I am using IFS Applications for the finance module applications and also for all of the submodules in finance such as AR/AP. It covers all of the finance areas.
What is most valuable?
The most valuable features of IFS Applications are their intuitiveness and ease of use. The navigations are also straightforward, which makes it easy to train users. The feedback I always receive is that it is very user-friendly.
What needs improvement?
IFS Applications can improve the reporting capabilities and increase the speed of feedback time in the IFS Applications. This would help with the overall performance of the solution and provide better experiences for customers.
One idea is to expand the areas of operation for the product. There was also an internal case study that looked at the possibility of adding a feature for internal offsetting between different companies within a group. This would allow for the offsetting of debts and balances between the companies, rather than having each company make separate payments. It's called cash flow offsetting. It would've been a great addition to our current systems IFS Applications. Unfortunately, the feature is not currently available.
For how long have I used the solution?
I have been using IFS Applications for approximately 10 years.
What do I think about the stability of the solution?
In the on-premise version of the solution we had not experienced a lot of downtimes, but there are many other factors involved with the on-premise version's infrastructure that could cause downtime not related to the actual solution. The cloud version has been very stable.
I rate the stability of IFS Applications a nine out of ten.
What do I think about the scalability of the solution?
IFS Applications is highly scalable. This is not only its ability to handle large volumes of data but also in terms of its ability to add new modules and features over time. IFS Applications has a lot of sub-modules to choose from, which can be confusing to navigate, but it also provides the capability to add new components if needed. Additionally, the solution can be localized for new countries as needed, which allows for a high level of flexibility and capability.
We have approximately 4,000 users using this solution across the globe.
Whether we use the solution on a daily basis depends on the specific module, but for many users, it is used on a daily basis. However, for management-level users, it may be used less frequently. For those who are responsible for inputting transactions, it would be a daily task. 70 percent of users are using the solution on a daily basis.
I rate the scalability of IFS Applications a nine out of ten.
How are customer service and support?
We have had multiple interactions with the technical support team, particularly for issues related to bugs or similar technical problems.
The support is good overall but they can improve the speed of providing solutions. The speed has been improving over recent years, but there could still be a faster solution, which would be beneficial in the future.
I rate the support from IFS Applications a seven out of ten.
How would you rate customer service and support?
Which solution did I use previously and why did I switch?
I have previously used ServiceNow and also Oracle Financials.
When comparing them IFS Applications are more user-friendly and intuitive for end users. For example, the GL account structuring and data visualization in IFS Applications is more straightforward and easy to understand compared to Oracle Financials. With IFS Applications, the user can not only input data but also better understand it, which is a big advantage of the system.
How was the initial setup?
The initial setup of IFS Applications is relatively straightforward, but it also depends on the level of engagement and capabilities of the customer and consultant involved. However, in comparison to other similar applications, IFS Applications are relatively easy to set up initially.
The setup ease is as good as the person who is doing it.
I rate the initial setup of IFS Applications a seven out of ten.
What other advice do I have?
I would advise others to be cautious in choosing the individuals or companies responsible for implementing the system. It is important to have experts with the domain experience to ensure a successful implementation. Additionally, having the right people on board is crucial to ensure that the system is set up and used correctly. I would recommend finding the right team to make the implementation process as successful as possible.
I rate IFS Applications an eight out of ten.
Which deployment model are you using for this solution?
On-premises
Disclosure: My company has a business relationship with this vendor other than being a customer: Partner / Integrator