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A New ERP Solution: IFS ERP Software in 2023

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IFS ERP software

Before discussing IFS ERP software, need to get an idea about IFS company.IFS stands for Industrial and Financial Systems. It is a multinational software development company started in 1983 with headquarters in Linköping, Sweden. When considering software solution companies IFS is the most powerful and welled experience company in the world. Nowadays IFS is famous as a cloud-based Next generation enterprise software solutions provider.

What is IFS ERP software?

IFS ERP software is an Enterprise Resources planning software introduced by IFS Company that has a successful history and most popular ERP solution market in the world. ERP software is helpful to your day-to-day operations consolidated in a single system while it supports the growth of your business with customer happiness and efficiency.

Features are the most essential factors to know when buying ERP software for your business because you have to choose the right ERP system for your business that matches your business requirements.

Let’s move into the Features of the IFS ERP system. Below are listed product groups of IFS ERP solutions.

7 product groups/ Features of IFS ERP software

  1. Finance
  2. Human Capital Management
  3. Commerce
  4. Customer Relationship Management
  5. Manufacturing
  6. Supply Chain Management
  7. Procurement
  8. Projects

What are the Industries that use IFS ERP Software?

IFS ERP -features

Above we have explained about fractures of the IFS ERP software. Next, we discuss industries that IFS ERP support. You have to consider IFS ERP system matches your business industry or not. IFS company has introduced ERP systems for a lot of industries. They are,

IFS ERP software provides Industries

Aerospace & Defense Manufacturers

  • Aerospace and Defense Manufacturers
  • Aerospace and Defense MRO Providers
  • Airlines and Air operators
  • Defense contractors
  • Defense forces

Energy, Utilities & Resources

  • Mills & Mining
  • Oil Gas
  • Power Generation
  • Transmission and Distribution
  • Water and Wastewater

Manufacturing

  • Automotive
  • Chemicals 
  • Food & Beverage
  • High tech Manufacturing
  • Industrial Manufacturing
  • Life Sciences

Service Industries

  • Managed services
  • Property and Facilities Services
  • Retail aftermarket services
  • Testing Inspection Certification
  • Transportation and logistics

Construction and Engineering

Telecommunications

  • Construction
  • Engineering 
  • Shipbuilding & Maritime

IFS ERP software solutions match all sizes of the business.

Rankings By Software Sites: IFS ERP SOFTWARE

SourceRank
capterra3.8
Software Advice3.8
Gartner peer insights3.7
featured customers4.4
G24.7
software connect4.0
trustradius.com/7.9
Ranking By Software sites: IFS ERP

Technical Information of IFS ERP System -Deployment options

  • Cloud
  • on-premise

What are the Advantages of the IFS ERP sOFTWARE?

  1. IFS provides customizable ERP solutions for the business
  2. The user-friendly interface it is Saving time, and effective operations
  3. Visibility of entire manufacturing operations
  4. IFS is a leading company in ERP solution Market.

What are the Disadvantages of IFS ERP software?

  • The main disadvantage of IFS ERP is more expensive for some businesses and not affordable.

IFS is a leading global company for developing ERP Software Solutions. Commonly known as IFS applications IFS Software Solutions.IFS offers customized ERP systems for different kinds of industries. IFS ERP solutions are most popular among manufacturing and supply chain industries.

The below video says what are the strengths and weaknesses of IFS ERP Solution.

Advantages and disadvantages of IFS ERP software

Below you can read customer stories of IFS ERP customers.

Customer success stories of IFS ERP sOFTWARE

1. Armstrong International Inc

Started in 1900. Headquarters in Three Rivers, Mich. Armstrong is a multinational manufacturer of intelligence system solution-making companies for utility applications such as steam, air, and water. Nowadays more than countries customers are moving to Armstong utility thermal systems for minimum carbon footprints.

IFS ERP customer story: Armstrong Internationa inc

2. Aston Martin Formula 1

Started in 1900. Headquarters in Three Rivers, Mich. Armstrong is a multinational manufacturer of intelligence system solution-making companies for utility applications such as steam, air, and water. Nowadays more than countries customers are moving to Armstong utility thermal systems for minimum carbon footprints.

IFS ERP customer story: Aston Martin Formula 1

3. KLN Family Brands

IFS Customer story: KLN Family brands

4. The McLaren Group

IFS ERP customer story: The McLaren group

5. Toyota Lanka

Toyota Lanka is a subsidiary company of Toyota Tsusho Corporation in Japan Toyota Lanka was established in 1995. It operates the largest spare parts warehouse in Sri Lanka with 8 branches in the country.

Sourced by Toyota.lk
  • ERP: IFS ERP
  • With the ERP system, Toyota Lanka could reduce costs while maximizing the efficiency of employees and data.
  • And also ERP system increased the flexibility of reporting globally which is a benefit to Toyota Lanka as a part of the worldwide organization.

User Comment

“Global reach is very important to us.Together with local support and the professionalism of ifs’s staff, these are the primary reasons why we chose IFS.”

Manohara Atukorala, Chief Operating
Officer, Toyota Lanka, Source: ifs.com

Here are more details regarding Toyota Lanka with the IFS ERP application.

After implementing the IFS ERP solution,

  • Could enjoy one ERP platform for a number of various kinds of ERP software.
  • Reduced inventory level.
  • enhance customer communication.
  • made the standardized business process.
  • intercompany traction in less time and more accurately.
  • There is corporate growth, without using additional staff or orders.

User Comment

“IFS has allowed us to get closer to our customers because we can tie our activities closer to the CRM nformation.”

Kurt Armstrong, CIO, Armstrong
International Inc., USA

Here is a case study, For reading the full customer story of Armstrong

6. Singer Sri Lanka

Singer Sri Lanka is a market leader in Sri Lankan home appliances and durable goods seller in the market. It has more than 60 retail global brands in the retail sector. Singer Group has more than 145 years of experience in the manufacturing and distribution of high-standard refrigerators, sewing machines, washing machines, home furniture, etc.

Benefits after the implementation of IFS ERP software solution,

  • Better connection with internal and external parties and stakeholders
  • Automated invoice-generating system
  • Single system for real-time information sharing system

User comment after the implementation of IFS ERP software solution

“Our parent company, Hayleys PLC, the largest conglomerate in Sri Lanka, is predominantly running on SAP. So it is testament to our belief in the product that we have consistently won our business case to remain with IFS.”

Mahesh Wijewardene, Group Chief Executive Officer, Singer Sri Lanka,soursed by ifs.com

7. Beijer Electronics

8. Heaven Hill

If you are interested in IFS company, you can visit IFS’s official website. If you are a technological and innovation lover you can visit the IFS blog site to update your knowledge.

In conclusion, would like to say IFS ERP software is a better digital platform for any size of business. But their cost is much higher than other competitors as well as ERP software quality is high. And also experience and supporting services are better than others. when you select the right ERP system for your business you can’t avoid ifs vendors. Because it may affordable and the most suitable ERP software you can implement for your business it will be a turning point in your company’s success story.

References

  • ifs.com
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